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                    [Title] => SMC nears deal with Malaysia’s CIMB
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Diversified conglomerate San Miguel Corp. has moved a step closer to finalizing the entry of a Malaysian investor into Bank of Commerce, a company disclosure to the Philippine Stock Exchange (PSE) said.

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The Bangko Sentral ng Pilipinas (BSP) is still reviewing the application of Malaysia’s CIMB to purchase a majority stake in Bank of Commerce, a ranking BSP official said.
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CIMB Group Holdings Bhd, Malaysia’s second largest lender, said it hopes to seal a deal to acquire a controlling stake in San Miguel Corp.’s banking unit Bank of Commerce in the first quarter this year.
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Food-to-infrastructure conglomerate San Miguel Corp. is finalizing a deal to sell 60 percent of its banking arm, Bank of Commerce, to the CIMB Group, Malaysia’s second-largest bank, sources privy to the transaction said yesterday.
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                    [Title] => Bank of Commerce retains high rating for P300-million debt issue
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San Miguel Properties Inc. (SMPI), the real estate development unit of diversifying food and beverage conglomerate San Miguel Corp., is selling its 31- percent interest in Bank of Commerce for P3.1 billion.
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BANCOMMERCE

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                    [Title] => SMC unit to sell 31% Bancommerce stake to affiliate firms
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San Miguel Properties Inc. (SMPI), the real estate development unit of diversifying food and beverage conglomerate San Miguel Corp., is selling its 31- percent interest in Bank of Commerce for P3.1 billion.
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abtest

Bancommerce readies for entry of new majority owner CIMB

By Donnabelle L. Gatdula | December 9, 2012 - 12:00am

Bank of Commerce is all set for the entry of its new majority owner, CIMB Bank Bhd, according to a top bank official.

Business

SMC nears deal with Malaysia’s CIMB

By Donnabelle L. Gatdula | November 10, 2012 - 12:00am

Diversified conglomerate San Miguel Corp. has moved a step closer to finalizing the entry of a Malaysian investor into Bank of Commerce, a company disclosure to the Philippine Stock Exchange (PSE) said.

Business

Purchase of Bancommerce by Malaysia's CIMB still under review

By Donnabelle L. Gatdula | August 30, 2012 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is still reviewing the application of Malaysia’s CIMB to purchase a majority stake in Bank of Commerce, a ranking BSP official said.

Business

Malaysia's CIMB expects to seal Bancommerce deal within Q1

By Zinnia B. Dela Peña | January 13, 2012 - 12:00am

CIMB Group Holdings Bhd, Malaysia’s second largest lender, said it hopes to seal a deal to acquire a controlling stake in San Miguel Corp.’s banking unit Bank of Commerce in the first quarter this y...

Business

SMC to sell Bancommerce stake to Malaysian bank

By Ted P. Torres | January 12, 2012 - 12:00am

Food-to-infrastructure conglomerate San Miguel Corp. is finalizing a deal to sell 60 percent of its banking arm, Bank of Commerce, to the CIMB Group, Malaysia’s second-largest bank, sources privy to the transaction...

Business

Bank of Commerce retains high rating for P300-million debt issue

By Zinnia B. Dela Peña | August 8, 2011 - 12:00am

Bank of Commerce has retained its PRS Aa minus rating from the Philippine Rating Services Corp. for its outstanding P300 million unsecured subordinated debt.

Business

Bancommerce opens first walk-in branch

June 14, 2011 - 12:00am

Bank of Commerce (Bancommerce) has garnered yet another landmark achievement with the relocation of its former Acropolis branch to the Eastwood C5 Petron service station located in Brgy. Bagumbayan, C-5, Quezon...

Business

San Miguel Properties books over 3-fold income increase to P885M in 9 months

By Zinnia B. Dela Peña | November 28, 2010 - 12:00am

San Miguel Properties Inc. (SMPI), the real estate development arm of diversifying conglomerate San Miguel Corp., reported a more than three-fold jump in its net earnings in the first three quarters of the year,...

Business

SMC Retirement Plan acquires additional 31% stake in Bancommerce

By Zinnia B. Dela Peña | February 17, 2010 - 12:00am

SMC Retirement Plan, the retirement fund owned by employees of diversifying conglomerate San Miguel Corp., has acquired the 31-percent stake of San Miguel’s property unit in medium-sized lender Bank of Co...

Business

SMC unit to sell 31% Bancommerce stake to affiliate firms

By Zinnia B. Dela Peña | February 16, 2010 - 12:00am

San Miguel Properties Inc. (SMPI), the real estate development unit of diversifying food and beverage conglomerate San Miguel Corp., is selling its 31- percent interest in Bank of Commerce for P3.1 billion.

Business