BPI-RBC merger may take effect as early as October

The merger between Bank of the Philippine Islands (BPI) and Robinsons Bank Corp (RBC) may take effect earlier than previously anticipated, possibly as early as October this year.

JG Summit Holdings Inc confirmed that if all necessary approvals are secured, the merger could be finalized within six months.

Initially estimated for January 2024, BPI President TG Limcaoco said there's a possibility of an even earlier date in July if regulatory bodies approve it by June.