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                    [ArticleID] => 147270
                    [Title] => 2 Japanese banks merge, assume Sanwa Bank’s 25% stake in RCBC
                    [Summary] => In line with the merger of its foreign partner with a fellow Japanese bank, Rizal Commercial Banking Corp. (RCBC) will be taking in a new stockholder, UFJ Bank which is a unit of the foremost comprehensive financial group in Japan.


RCBC corporate information officer Cynthia Santos told the Philippine Stock Exchange that with the merger of Sanwa Bank Ltd. and Tokai Bank Ltd. in Japan, the equity ownership of Sanwa in RCBC equivalent to a 25.06-percent stake will  be transferred to UFJ Bank Ltd., the new name of the merged institution.


                    [DatePublished] => 2002-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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TOYO BANK

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                    [ArticleID] => 147270
                    [Title] => 2 Japanese banks merge, assume Sanwa Bank’s 25% stake in RCBC
                    [Summary] => In line with the merger of its foreign partner with a fellow Japanese bank, Rizal Commercial Banking Corp. (RCBC) will be taking in a new stockholder, UFJ Bank which is a unit of the foremost comprehensive financial group in Japan.


RCBC corporate information officer Cynthia Santos told the Philippine Stock Exchange that with the merger of Sanwa Bank Ltd. and Tokai Bank Ltd. in Japan, the equity ownership of Sanwa in RCBC equivalent to a 25.06-percent stake will  be transferred to UFJ Bank Ltd., the new name of the merged institution.


                    [DatePublished] => 2002-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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2 Japanese banks merge, assume Sanwa Bank’s 25% stake in RCBC

By Christina Mendez | January 16, 2002 - 12:00am

In line with the merger of its foreign partner with a fellow Japanese bank, Rizal Commercial Banking Corp. (RCBC) will be taking in a new stockholder, UFJ Bank which is a unit of the foremost comprehensive financial...

Business