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Robinsons Retail to acquire 4.4% stake in BPI

Robinsons Retail to acquire 4.4% stake in BPI
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Gokongwei's Robinsons Retail buying 4.4% stake in BPI for P20 B

Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei conglomerate, is set to acquire an additional 4.4 percent stake in Bank of the Philippine Islands worth almost P20 billion bringing the retail firm's stake to 6.8 percent and the entire Gokongwei group's shareholdings in the Ayala-owne ....

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BPI acquires RBC via share swap

The planned merger of Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC) has been formally announced after the approval by the respective boards of directors of the two banks and their parent companies.
This was disclosed to the Philippine Stock Exchange by BPI and RBC’s sha ....

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Robinsons Bank gets double-A rating


Published March 8, 2021, 4:55 PM
Robinsons Bank Corporation, a member of the Gokongwei group of companies, has received a PRS Aa (corp.) issuer credit rating in relation to its outstanding Fixed-Rate bond issue of P5.0 billion due in November 2021.
Philippine Rating Services Corporation (PhilRatings) said it has also assigned an issue credit rating of PRS Aa for the bank’s outstanding P5.0 billion bonds due on August 13, 2021.
The ratings firm said an issuer credit rating of PRS Aa (corp.) differs from the highest rated corporates only to a small degree and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates. ....

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