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MANILA, Sept 30 (Reuters) – The Philippines’ oldest lender stated on Friday it’s merging with a smaller industrial financial institution to broaden its shopper base and fast-track development.
In a disclosure, Financial institution of the Philippine Islands (BPI.PS) stated will probably be the surviving entity merging with unlisted Robinsons Financial institution. Stockholders of Robinsons Financial institution will personal round 6% of BPI, it added.
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Reporting by Neil Jerome Morales
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