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BDO Unibank denies M&A talks with Rizal Commercial Banking

BDO UnibankInc. on April 4 denied a media report that said it was in talksabout a possible merger with RizalCommercial Banking Corp.

The bank was referring to a report that also said thatBank of the PhilippineIslands was considering a stake in Rizal Commercial Banking. Thetwo banks also deniedthe report.