PNB and Allied Bank Merger

Philippine National Bank and Allied Banking Corp., which are both owned by tycoon Lucio Tan, have approved a plan to merge to become the country’s fourth largest bank in terms of assets. The merged bank will retain the name Philippine National Bank.

This entry was written by deuts, posted on April 30, 2008 at 5:19 pm, filed under Asides and tagged , , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. Andrew Tan
    Posted December 3, 2008 at 7:52 pm | Permalink

    What advantages will this merge bring to the future depositors of these banks?.. Will this equate to higher interest rates and better bond deals compared to its competitors?…

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