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Equitable PCI Bank, Inc. (PSE: EPCI) was one of the largest banks in the Philippines, being the third-largest bank in terms of assets. It was the largest bank before it was overtaken by Metrobank in 1995.
The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
The Banco de Oro-Equitable PCI Bank merger (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, the then fifth-largest bank in the Philippines, to merge with Equitable PCI Bank, the third-largest bank. The merger was part of a long-term goal of Banco de Oro to become one of the largest names in the Philippine ...
Equitable PCI Bank: EPCI Bought by Banco de Oro (PSE: BDO) Fil-Estate Land: Removed September 2001 [11] Bought by Alliance Global (PSE: AGI) Filinvest: PSE: FDC: Removed September 2001, [11] removed September 2011 [10] First Philippine Holdings Corporation: PSE: FPH: Removed September 2011 [10] GMA Network: PSE: GMA7: Added May 2009 [21] Holcim ...
It was the headquarters of Equitable PCI Bank until its merger with Banco de Oro (later known as BDO Unibank) in 2007. [2] Demolition work on the building complex started as early as March 2022, by BDO Unibank. It obtained a demolition permit in December 2021 with JLC Construction as its constructor. [1]
However, this was set to change after the Yuchengco Group of Companies accepted a buyout offer from GE Consumer Finance for an undisclosed price, subject to stockholder approval. In the past, YGC had sought to nullify its acquisition on the grounds that it paid Equitable PCI Bank too much. [citation needed]
This page was last edited on 6 November 2023, at 19:08 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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