Robinsons Bank

Last updated

Robinsons Bank Corporation
FormerlyRobinsons Savings Bank (1997–2011)
Company type Subsidiary
Industry Financial services
FoundedNovember 1997 (1997-11)
DefunctJanuary 1, 2024 (2024-01-01)
FateMerged with the BPI as surviving entity
Successor
Headquarters
Quezon City
,
Philippines
Key people
Services Banking
Owner JG Summit Holdings
Website www.robinsonsbank.com.ph

Robinsons Bank Corporation, also known as RBank, was a Filipino commercial bank which provides banking services for retail and business customers.

Contents

History

The company was formerly known as Robinsons Savings Bank and changed its name to Robinsons Bank Corporation in May 2011. Robinsons Bank Corporation was founded in 1997 and is based in Quezon City with branches across the Philippines. Robinsons Bank Corporation operates as a subsidiary of JG Summit Holdings, Inc. [1] [2] In 2012, Robinsons Bank acquired majority ownership of the Legazpi Savings Bank based in Legazpi, Albay. [3]

On September 30, 2022, Robinsons Bank together with the Bank of the Philippine Islands disclosed their merger expected to complete by 2023, with BPI as the surviving entity. [4]

The merger took effect on January 1, 2024, with BPI targeting to complete its integration with the remaining branches of Robinsons Bank by October 2025. [5]

See also

References

  1. ↑ "Robinsons Bank Corporation: Private Company Information". Bloomberg L.P. Retrieved May 15, 2017.
  2. ↑ de la Fuente, F.J.G. (January 21, 2013). "Robinsons Bank sets Manila expansion". BusinessWorld. Retrieved May 15, 2017.
  3. ↑ Delavin, I.C.C. (April 28, 2015). "Capital increase set for Robinsons Bank". BusinessWorld. Retrieved May 15, 2017.
  4. ↑ Piad, Tyrone Jasper C. (September 30, 2022). "BPI, Robinsons Bank confirm merger agreement". INQUIRER.net. Retrieved September 30, 2022.
  5. ↑ Sy, Aaron Michael C. (March 4, 2025). "BPI expects to complete rebranding of Robinsons Bank branches by October". BusinessWorld Online. Retrieved March 5, 2025.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.