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    ACQUISITION

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    Jewel Mae Mercado
    Robinsons Bank Corporation acquired Legazpi Savings Bank in 2012. The acquisition expanded Robinsons Bank's presence in the Bicol region of the Philippines. As part of the horizontal merger, Legazpi Savings Bank would continue its operations focusing on countryside banking and microfinancing lending. The acquisition cost was not disclosed but was speculated to be in the hundreds of millions. Financially, the merger helped Robinson's Bank grow its total assets by 34.6% and loans by 40.7% between 2015-2016.

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    ACQUISITION

    Uploaded by

    Jewel Mae Mercado
    14 views9 pages
    Robinsons Bank Corporation acquired Legazpi Savings Bank in 2012. The acquisition expanded Robinsons Bank's presence in the Bicol region of the Philippines. As part of the horizontal merger, Legazpi Savings Bank would continue its operations focusing on countryside banking and microfinancing lending. The acquisition cost was not disclosed but was speculated to be in the hundreds of millions. Financially, the merger helped Robinson's Bank grow its total assets by 34.6% and loans by 40.7% between 2015-2016.

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    Robinsons Bank Corporation acquired Legazpi Savings Bank in 2012. The acquisition expanded Robinsons Bank's presence in the Bicol region of the Philippines. As part of the horizontal merger, Legazpi Savings Bank would continue its operations focusing on countryside banking and microfinancing lending. The acquisition cost was not disclosed but was speculated to be in the hundreds of millions. Financially, the merger helped Robinson's Bank grow its total assets by 34.6% and loans by 40.7% between 2015-2016.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    14 views9 pages

    ACQUISITION

    Uploaded by

    Jewel Mae Mercado
    Robinsons Bank Corporation acquired Legazpi Savings Bank in 2012. The acquisition expanded Robinsons Bank's presence in the Bicol region of the Philippines. As part of the horizontal merger, Legazpi Savings Bank would continue its operations focusing on countryside banking and microfinancing lending. The acquisition cost was not disclosed but was speculated to be in the hundreds of millions. Financially, the merger helped Robinson's Bank grow its total assets by 34.6% and loans by 40.7% between 2015-2016.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    ACQUISITION

    between
    ROBINSONS BANK CORPORATION
    and
    LEGAZPI SAVINGS BANK
    ROBINSONS BANK
    CORPORATION ( commercial bank )
    60% owned by JG Summit Group of
    Companies and 40 % owned Robinsons
    Retail Holdings, Inc. (RRHI)
    The ultimate parent company of the Bank
    is JG Summit Holdings, Inc., one of the
    largest and most successful conglomerates
    in the Philippines.
     1997 - started as Robinsons Savings Bank

     2002 - acquired ABN Amro Savings Bank

     2010 - acquired the controlling interest of the Royal Bank

    of Scotland which was later named as Robinsons Bank

    Corporation

     2011 - Merger of RSB and RBC, RBC surviving entity

     2012 – acquired Legazpi Savings Bank


    LEGAZPI SAVINGS BANK
    Savings bank that operates as thrift bank
    Luis Los Banos- founding chairman
    Offers properties for sale in Albay,
    Sorsogon, Camarines Norte, Catanduanes,
    Masbate, Cavite, and Laguna provinces
    Rationale for Acquisition

     Growth
     Growth of management, board and employees
    in handling new business
     Expansion
     Strengthen and expand banking activities in
    Bicol region
    Agreements
    Horizontal merger
    Acquisition cost was not revealed but
    speculated that hundreds of millions
    Legazpi Savings Bank will engage in
    countryside banking and microfinancing
    lending
    Regulatory Requirements
    New Central Banking Act of 1933
    General Banking Law of 2000
    Sec. 17 of GBL, number of directors shall
    not exceed 21. Bank has 11 directors.
    Commercial banks are required to
    maintain regular reserves of 20% against
    demand deposits
    FINANCIAL STATEMENTS
    Total assets grew by 34.6% from 57.7
    billion in 2015 to 77.6 billion in 2016
    Loans climbed to 40.7% with both
    commercial and consumer loans
    Gross loans were at 38.9 billion by 2016
    Total deposits expanded by 44.9% from
    43.7 billion to 63.3 billion
    ROE (2016) 2.1% from 1.6% (2015)
    ROA ( 2016) .4% from .3% ( 2015)

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