About: Banco de Oro–Equitable PCI Bank merger

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The Banco de Oro-Equitable PCI Bank (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, then the 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 banking industry. It was closed on December 27, 2006, with the formation of Banco de Oro Unibank, Inc.

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  • The Banco de Oro-Equitable PCI Bank (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, then the 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 banking industry. It was closed on December 27, 2006, with the formation of Banco de Oro Unibank, Inc. The plan was controversial in terms that a smaller bank could not possibly acquire a bank much larger than it is. At the time of the merger, Equitable PCI had three times the capital Banco de Oro had. Analysts were worried about the repercussions this could have on the industry. However, the deal had been able to generate a lot of media hype, especially in newspaper editorials. (en)
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  • 2006-12-27 (xsd:date)
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  • ₱60 billion (en)
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  • 2004 (xsd:integer)
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  • Merger (en)
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  • The Banco de Oro-Equitable PCI Bank (2004–2006) was a plan by the SM Group of Companies and Banco de Oro Universal Bank, then the 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 banking industry. It was closed on December 27, 2006, with the formation of Banco de Oro Unibank, Inc. (en)
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  • Banco de Oro–Equitable PCI Bank merger (en)
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