Business guide to mergers and acquisitions for banks

MANILA, Philippines - With the extension of incentives by the Bangko Sentral ng Pilipinas and Philippine Deposit Insurance Corp. up to Dec. 31, 2015 to encourage more mergers, consolidations and acquisition of eligible rural banks (RBs) and thrift banks (TBs) by strategic third party investors (STPIs) such as TBs, universal and commercial banks (UKBs), non-bank corporations and local and foreign group of companies as eligible STPIs, the Center for Global Best Practices is launching a two-day seminar titled, “A Guide to Mergers and Acquisitions (M&A) for Banks” on Thursday and Friday, Aug. 13 – 14  at the EDSA Shangri-La Hotel, Mandaluyong City.

This will help prospective bank investors, buyers, and sellers take advantage of the M&A opportunities by teaching them to fully understand the legal, regulatory, tax, accounting, finance, HR, and other integration matters encountered during M&As including the conduct of due diligence, choice and application of valuation techniques and most importantly, how to avoid pitfalls and traps in M&As that can be very costly to all parties involved in such transactions. For details and a complete list of bank-related best practices seminars, including The Law on Pledges and Mortgages, Credit Risk Ratings for Bank-Supervised Institutions, Asset and Liability Management for Banks, and more, log on to www.cgbp.org or call (+63 2) 842-7148/ 59 and 556-8968/ 69, Cebu lines: (+63 32) 512-3106 or 07 or Baguio line: (+63 74) 423-5148.

This seminar will feature three authorities in their fields: Atty. Nicasio C. Cabaneiro, CPA, Ramon M. De Leon and Paulino Rolando E. Valenzuela, Ph.D. Cabaneiro is an authority in taxation and commercial law with 25 years in the Bank of Philippine Islands capping his career as its vice-president and head of the Legal Services Division from 1982 to 2007.  He led many successful bank mergers including BPI’s M&A of City Trust, Family Bank, Far East Bank, and many others -- saving these banks billions of pesos in taxes and fees. De Leon was the managing director at Ayala Corp. where he led the HR integration of many corporate takeover, strategic turn-around and transformation including BPI’s takeover of Family Bank when it had 25 unions. Valenzuela is the lead consultant at the Center for Global Best Practices on Banking Programs and lectures on many banking topics. He was vice-chairman and president of GSIS Family Bank, executive director for risk advisory of Price Waterhouse Coopers, senior vice president and CRO of Philippine Business Bank.

Interested participants are encouraged to avail of the early bird discount and group discounts for three or more participants.  Seats are limited and pre-registration is required as this is a one-time event only.