Malaysian bid to buy PH bank snagged
By Doris C. Dumlao
Malaysian banking giant CIMB’s bid to acquire Bank of Commerce has hit a snag and seller San Miguel Corp. is willing to walk away from the P12.2-billion deal if this is not resolved soon.
Malaysian banking giant CIMB’s bid to acquire Bank of Commerce has hit a snag and seller San Miguel Corp. is willing to walk away from the P12.2-billion deal if this is not resolved soon.
Some big players in the gaming industry are somewhat peeved by the aggressive recruiting tactics of Bloomberry Resorts Corp. of ports tycoon Enrique Razon Jr.
REGULATORS have given the green light for CIMB Bank’s planned takeover of Bank of Commerce in line with the Malaysian giant’s Southeast Asian expansion ambition.
Malaysian banking giant CIMB has unveiled an aggressive expansion plan for newly acquired Philippine banking franchise Bank of Commerce, after signing on Tuesday a deal to acquire a 60-percent stake in the bank from the San Miguel group for some P12.2 billion.
Conglomerate San Miguel Corp. signed on Tuesday a deal to sell a 58 percent stake in banking unit Bank of Commerce to Malaysian banking giant CIMB for about P12 billion.
San Miguel Corp. has finalized a deal to sell a controlling stake in medium-sized lender Bank of Commerce to Malaysian banking giant CIMB Group for more than $200 million.
Conglomerate San Miguel Corp. is in talks with Malaysian banking giant CIMB group to build a local banking partnership through medium-sized commercial bank Bank of Commerce. Banking sources familiar with the discussions said San Miguel would like to bring in Kuala Lumpur-based CIMB as a strategic investor in its banking arm BoC. The San Miguel [...]
Word is going around in business that a foreign bank is acquiring the majority control of a mid-sized local bank which is largely owned by San Miguel Corp. That is Bank of Commerce, or BoC, with assets of P106 billion as of last year and which ranked the 15th-largest bank in the country. In comparison, [...]
Bank Of Commerce has opened five more branch channels in the first half of 2011, bringing its total branch network to 122 nationwide. Bank senior vice president Deo Jacinto said the latest addition to the bank network opened in Puerto Princesa, Palawan; Balanga, Bataan; and Rosario, Cavite, that were simultaneously opened last May 6. The [...]
