The Bank of the Philippine Islands (BPI) announced that, effective January 1, 2022, the merger with BPI Family Savings Bank (BFSB), its wholly owned thrift bank subsidiary officially takes effect. Under the merger, parent company BPI is the surviving entity, as approved by its shareholders and...
BPI Family Savings Bank (BFSB), the consumer and retail banking arm of the Bank of the Philippine Islands (BPI), was assigned the highest issuer rating of PRS Aaa (corp.) with a stable outlook. Philippine Rating Services Corporation (PhilRatings) said a company rated “PRS Aaa” has a very strong...
Bank of the Philippine Islands (BPI) is merging with BPI Family Savings Bank (BFSB), its wholly owned thrift bank subsidiary, with BPI as the surviving entity. In a disclosure to the Philippine Stock Exchange, BPI said the merger, which it hopes to complete this year, will prime the Bank to seize...