The merger of China Bank Savings and Planters Development Bank has been approved by the Bangko Sentral ng Pilipinas (BSP).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Under the terms of the merger deal, China Bank would be the only surviving entity.
As part of the approval, China Bank will need to recapitalise the surviving entity to comply with the minimum capital adequacy ratio requirement and common equity tier 1 under Basel 3.
At the same time, both the entities are required to complete the merger proceedings within one year from the approval date.
China Bank implemented the share purchase deal in January 2014 to acquire Plantersbank for PHP1.86bn ($39.8m).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
