Ayala’s banking arm to buy Gokongwei Group’s Robinsons Bank
Ayala Group-backed Bank of the Philippine Islands (BPI) is set to merge with Gokongwei Group-owned Robinsons Bank in a bid to create a leading…
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Creditcare joins hands with Moneygram to drive financial inclusion
Consumer finance firm Creditcare Technology has formed an alliance with MoneyGram International to expand operations in key emerging economies. The tie-up will see CreditCare…
MUFG inches closer to buying Home Credit’s assets in Southeast Asia
Japanese banking major Mitsubishi UFJ Financial Group (MUFG) is closing in on the deal to buy Home Credit’s operations in Indonesia and…
UnionBank buys Citi’s retail banking business in Philippines
UnionBank of the Philippines has completed the acquisition of US-based Citi group’s retail banking operations in the country. The deal,…
Voyager Innovations joins unicorn club with $210m funding
Filipino fintech firm Voyager Innovations has raised $210m in new funding round, at a valuation of around $1.4bn. SIG Venture Capital led…
UnionBank gets regulator’s nod to buy Citi’s retail business in Philippines
The Philippine Competition Commission (PCC) has approved UnionBank of the Philippines’ acquisition of Citi’s retail banking business in the country. The $908m…
UnionBank to raise $1.1bn to fund acquisition of Citi’s retail operations in Philippines
UnionBank of the Philippines has announced plans to raise as much as $1.1bn (PHP59bn) to fund the acquisition of Citi’s retail business…
Sumitomo Mitsui looking to increase stake in Rizal Bank
Japan-based Sumitomo Mitsui Banking Corporation (SMBC) looking to increase its shareholding in Rizal Commercial Banking Corporation (Rizal Bank), Bloomberg has reported citing…