PCC clears BPI-Robinsons Bank merger

The Philippine Competition Commission (PCC) has cleared the merger between the Bank of the Philippine Islands (BPI) and Robinsons Bank.

According to PCC's decision released on September 13, the merger will not substantially lessen competition due to BPI's insufficient market share and the presence of other major banks.

The PCC found that the merger would not negatively impact competition in various banking services including deposits, loans, credit card issuances, trust management, and merchant acquiring services.