Robinsons Bank: Difference between revisions
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{{Short description|Defunct bank in the Philippines (1997–2024)}} |
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{{Use mdy dates|date=November 2022}} |
{{Use mdy dates|date=November 2022}} |
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{{Use Philippine English|date=November 2022}} |
{{Use Philippine English|date=November 2022}} |
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| name = Robinsons Bank Corporation |
| name = Robinsons Bank Corporation |
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| logo = Robinsons Bank logo.svg |
| logo = Robinsons Bank logo.svg |
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| logo_size = 250px |
| logo_size = <!-- 250px --> |
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| native_name = |
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| romanized_name = |
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| former_name = Robinsons Savings Bank (1997–2011) |
| former_name = Robinsons Savings Bank (1997–2011) |
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| type = [[ |
| type = [[Subsidiary]] |
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| traded_as = |
| traded_as = |
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| ISIN = |
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| industry = [[Financial services]] |
| industry = [[Financial services]] |
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| fate = Merged with the [[Bank of the Philippine Islands | BPI]] as surviving entity |
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| fate = |
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| predecessor = |
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| successor = |
| successor = [[Bank of the Philippine Islands]]| |
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| foundation = {{ |
| foundation = {{start date|1997|11|}} |
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| defunct = {{end date|2024|01|01}} |
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| founder = |
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| location_city = Quezon City |
| founder = |
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| location_city = [[Quezon City]] |
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| location_country = [[Philippines]] |
| location_country = [[Philippines]] |
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| coordinates = |
| coordinates = |
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| locations = |
| locations = |
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| area_served = |
| area_served = |
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| key_people = |
| key_people = {{bulleted list| |
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| [[Lance Gokongwei]] ([[Chairman]]) |
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| Frederick D. Go (Vice Chairman) |
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| Elfren Antonio S. Sarte ([[President (corporate title)|President]] & [[Chief executive officer|CEO]])}} |
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| aum = |
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| assets = |
| assets = |
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| equity = |
| equity = |
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| owner = [[JG Summit Holdings]] |
| owner = [[JG Summit Holdings]] |
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| members = |
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| parent = |
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'''Robinsons Bank Corporation''', also known as '''RBank''', |
'''Robinsons Bank Corporation''', also known as '''RBank''', was a [[Philippines|Filipino]] commercial bank which provides banking services for retail and business customers. |
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==History== |
==History== |
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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.<ref name="bloom">{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=26118885 |title=Robinsons Bank Corporation: Private Company Information |publisher=[[Bloomberg L.P.]] |accessdate=May 15, 2017}}</ref><ref name="bworld">{{cite news|url=http://www.bworldonline.com/content.php?section=Finance&title=robinsons-bank-sets-manila-expansion&id=64536 |title=Robinsons Bank sets Manila expansion |work=BusinessWorld|author=de la Fuente, F.J.G. |date=January 21, 2013 |accessdate=May 15, 2017}}</ref> In 2012, Robinsons Bank acquired majority ownership of the Legazpi Savings Bank based in [[Legazpi, Albay]].<ref name="bworld2">{{cite news|url=http://www.bworldonline.com/content.php?section=Finance&title=capital-increase-set-for-robinsons-bank&id=106884 |title=Capital increase set for Robinsons Bank |work=BusinessWorld|author=Delavin, I.C.C. |date=April 28, 2015 |accessdate=May 15, 2017}}</ref> |
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.<ref name="bloom">{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=26118885 |title=Robinsons Bank Corporation: Private Company Information |publisher=[[Bloomberg L.P.]] |accessdate=May 15, 2017}}</ref><ref name="bworld">{{cite news|url=http://www.bworldonline.com/content.php?section=Finance&title=robinsons-bank-sets-manila-expansion&id=64536 |title=Robinsons Bank sets Manila expansion |work=BusinessWorld|author=de la Fuente, F.J.G. |date=January 21, 2013 |accessdate=May 15, 2017}}</ref> In 2012, Robinsons Bank acquired majority ownership of the Legazpi Savings Bank based in [[Legazpi, Albay]].<ref name="bworld2">{{cite news|url=http://www.bworldonline.com/content.php?section=Finance&title=capital-increase-set-for-robinsons-bank&id=106884 |title=Capital increase set for Robinsons Bank |work=BusinessWorld|author=Delavin, I.C.C. |date=April 28, 2015 |accessdate=May 15, 2017}}</ref> |
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On September 30, 2022, Robinsons Bank together with [[Bank of the Philippine Islands]] disclosed their merger expected to complete by 2023, with BPI as the surviving entity.<ref>{{Cite web |last=Piad |first=Tyrone Jasper C. |date=September 30, 2022 |title=BPI, Robinsons Bank confirm merger agreement |url=https://business.inquirer.net/365462/bpi-robinsons-bank-confirm-merger-agreement |access-date=September 30, 2022 |website=INQUIRER.net |language=en}}</ref> |
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.<ref>{{Cite web |last=Piad |first=Tyrone Jasper C. |date=September 30, 2022 |title=BPI, Robinsons Bank confirm merger agreement |url=https://business.inquirer.net/365462/bpi-robinsons-bank-confirm-merger-agreement |access-date=September 30, 2022 |website=INQUIRER.net |language=en}}</ref> |
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==See also== |
==See also== |
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{{Philippines-stub}} |
{{Philippines-stub}} |
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{{asia-bank-stub}} |
{{asia-bank-stub}} |
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[[Category: |
[[Category:Defunct banks of the Philippines]] |
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[[Category:Banks established in 1997]] |
[[Category:Banks established in 1997]] |
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[[Category:Banks disestablished in 2024]] |
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[[Category:Companies based in Quezon City]] |
[[Category:Companies based in Quezon City]] |
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[[Category:JG Summit Holdings subsidiaries]] |
[[Category:Former JG Summit Holdings subsidiaries]] |
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Latest revision as of 02:49, 7 October 2024
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| Formerly | Robinsons Savings Bank (1997–2011) |
|---|---|
| Company type | Subsidiary |
| Industry | Financial services |
| Founded | November 1997 |
| Defunct | January 1, 2024 |
| Fate | Merged with the BPI as surviving entity |
| Successor | Bank of the Philippine Islands |
| Headquarters | , |
Key people |
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| Services | Banking |
| Owner | JG Summit Holdings |
| Website | www |
Robinsons Bank Corporation, also known as RBank, was a Filipino commercial bank which provides banking services for retail and business customers.
History
[edit]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]
See also
[edit]
References
[edit]- ^ "Robinsons Bank Corporation: Private Company Information". Bloomberg L.P. Retrieved May 15, 2017.
- ^ de la Fuente, F.J.G. (January 21, 2013). "Robinsons Bank sets Manila expansion". BusinessWorld. Retrieved May 15, 2017.
- ^ Delavin, I.C.C. (April 28, 2015). "Capital increase set for Robinsons Bank". BusinessWorld. Retrieved May 15, 2017.
- ^ Piad, Tyrone Jasper C. (September 30, 2022). "BPI, Robinsons Bank confirm merger agreement". INQUIRER.net. Retrieved September 30, 2022.
External links
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