BSP Deputy Governor Chuchi Fonacier issued Circular Letter 2024-022 announcing that the merger of Producers Bank with Rural Bank of Maasin Inc. has taken effect on April 1.
Fonacier said the Securities and Exchange Commission (SEC) approved the plan and articles of merger executed between the two banks on July 3, 2023.
Producers Bank, the surviving entity, will absorb all the assets and liabilities of the rural bank located in Southern Leyte.
The country's eight largest thrift bank in terms of assets earlier said that expanding its network of branches allowed the bank to reach out to unbanked and underserved areas in the countryside where its products and services are needed by its target markets.
Bu hikaye The Philippine Star dergisinin April 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin April 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
SMC food, beverage arm to boost market dominance
San Miguel Food and Beverage Inc. (SMFB) is out to further reinforce its dominance in the beer and spirits markets this year
Cignal's Pilipinas Live bags Sports Broadcasting award
Cignal TV, the Philippines' leading premium content provider, won a Sports Broadcasting award for its global sports app Pilipinas Live at the recently held Asia-Pacific Broadcasting+ Awards 2024.
Shares rebound as May inflation stays within target
The stock market bounced back after a major sell-off the previous day as investors stayed positive despite higher inflation rate announced in May.
Inflation quickens to 3.9% in May
Fastest since November 2023
Djokovic pulls out; Swiatek rolls to Last 4
Novak Djokovic's worst fears materialized as a knee injury forced him out of the French Open on Tuesday, while women's reigning champion Iga Swiatek surged into the semifinals with another ruthless display.
BOLTS SET TONE,SECURE GAME 1
Meralco proved its sweep-stopping takedown of San Miguel Beer back in the eliminations was no fluke.
Modi claims victory in India election
But drop in support forces him to rely on coalition
Tik Tok: Cyber attack targeted big names, including CNN
TikTok on Tuesday said it slammed the door on a cyber attack that targeted high-profile accounts, including CNN.
DOH logs 160 rabies deaths since January
At least 160 people have died of rabies since January, a case fatality rate of 94.67 percent, according to the Department of Health.
ASF: 58 provinces still under 'red zone'
Fifty-eight provinces are still classified as red zones for African swine fever or infected with ASF, according to the Bureau of Animal Industry (BAI).
