Bilyonaryo siblings Robina Gokongwei-Pe and Lance Gokongwei wrapped up Robinsons Bank’s 26-year operations by holding one final board meeting.
The brother and sister tandem recently witnessed the end of an era as they finalized the bank’s merger with the Ayala-led Bank of the Philippine Islands (BPI).
“Last board meeting of Robinsons Bank held December 20, 2023, after 26 years. Thank you to the board of directors, the management team and all the employees!,” Gokongwei-Pe said.
“Starting Jan 1, 2024, the green bank turns maroon, este red, as it merges with BPI,” said the president and chief executive officer of Robinsons Retail Holdings, who’s also a benefactor of the University of the Philippines Fighting Maroons.
The Gokongwei Group will have an additional six percent stake in BPI upon the completion of the merger in early 2024.
