Company Overview of Robinsons Bank Corporation
Robinsons Bank Corporation, a commercial bank, provides banking services for retail and business customers in the Philippines. It offers savings accounts, checking accounts, and certificates of time deposit; and over-the-counter bills payment, cardless banking, manager's check/demand drafts, telegraphic transfer, night depository, remittance, and Internet banking services. The company provides consumer loans, such as auto, home, personal, and motorcycle loans; and loans against gold or diamond jewelry items. It offers commercial loans, which include fixed term, bills purchase, and operating capital solutions; and cash management, government securities, foreign exchange, and trust products an...
Galleria Corporate Center
Quezon City, 1100
Founded in 1997
Key Executives for Robinsons Bank Corporation
Chief Executive Officer, President and Director
Executive Vice President of Operations
Senior Vice President of Corporate Planning & Lending 2
Vice President of Trust & Investment
Vice President of Treasury
Compensation as of Fiscal Year 2015.
Robinsons Bank Corporation Key Developments
Twelve Banks And Other Financial Institutions Submit Letters Of Intent For Stake In UCPB
Jun 18 15
Twelve banks and other financial institutions have expressed interest in acquiring government’s majority stake in United Coconut Planters Bank (UCPB). On June 17, 2105, Chief Privatization Officer Toni Angeli V. Coo said that the Privatization and Management Office (PMO) had received 12 letters of intent “from a mix of local and foreign entities, banks and private equity firms” as of June 17, 2016 deadline for submission of letters. He added that “some are listed companies, so they may need to complete their own internal processes in order to finalize their own disclosures, and their decision whether to bid.” Industry sources stated that, among the banks that submitted letters of intent were BDO Unibank, Inc. (PSE:BDO), Bank of the Philippine Islands, Philippine National Bank (PSE:PNB), Rizal Commercial Banking Corporation (PSE:RCB), Mitsubishi UFJ Financial Group, Inc. (TSE: 8306) and Robinsons Bank Corporation., as well as at least four foreign entities from Japan, Malaysia and Taiwan. According to previous reports, China Banking Corporation (PSE:CHIB), EastWest Banking Corporation (PSE:EW), Security Bank Corp. (OTCPK:SBK.Q) and UnionBank of the Philippines (PSE:UBP) had also expressed interest in participate in the bidding. The stake sale is expected to be concluded by September 2015. The transaction would require the winning bidder to recapitalize the bank in the amount of at least PHP 15 billion through subscription to up to 37.2 billion primary common shares of UCPB.
Robinsons Bank Corp Reports Earnings Results for the Year Ended December 31, 2014
Apr 16 15
Robinsons Bank Corp. reported earnings results for the year ended December 31, 2014. For the period, the company generated net earnings of PHP 146.91 million for the year ended December 31, 2014, a 67.5% decline from last year's net income of PHP 452.34 million mainly due to decrease in banking revenues. Revenues dropped 1.2% from PHP 2.75 billion last year to PHP 2.72 billion this year due to lower trading gain and commission income.
Robinsons Bank Corp. Announces Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015
Apr 10 15
Robinsons Bank Corp. announced earnings results for the year 2014. The bank's income stood at about PHP 140 million in 2014. The bank's net income is seen to fall this year as the lender targets to spend on developing its resources and expanding its network as banking systems in the region integrate.
The company expects income to be below PHP 100 million in 2015.
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