September 18, 2014 6:16 AM ET

Banks

Company Overview of Robinsons Bank Corporation

Company Overview

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...

Ground Floor

Galleria Corporate Center

EDSA Corner

Ortigas Avenue

Quezon City,  1100

Philippines

Founded in 1997

Phone:

63 2 702 9540

Fax:

63 2 702 9568

Key Executives for Robinsons Bank Corporation

Chief Executive Officer
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 2014.

Robinsons Bank Corporation Key Developments

Robinsons Bank Corp. Announces Earnings Results for the First Quarter Ended March 31, 2014

Robinsons Bank Corp. announced earnings results for the first quarter ended March 31, 2014. The company recognized net income of PHP 30.74 million for the first three months ended March 31, 2014 a 91.0% decline from last year's PHP 341.70 million for the same period last year. The decline in net income is mainly due to lower revenues recorded during the period, from PHP 995.68 million for the three months period last year to PHP 585.47 million for the same period this year. This decrease in revenues is mainly due to a trading loss of PHP 15.72 million recorded for the period in 2014, a 103.3% reversal from last year's trading gain of PHP 471.79 million.

Robinsons Bank Eyeing Acquisitions

Robinsons Bank Corporation is in talks with several banks for possible acquisitions. RobinsonsBank President and Chief Executive Officer Reynold Gerongay told reporters: "We will acquire more banks." He said there are ongoing discussions with a number of financial institutions but he declined to identify them. "We have a lot of talks (with other banks). Anything we can digest, (we will buy)," he said.

Robinsons Bank Corporation Announces Unaudited Earnings Results for the Nine Months Period Ended September 30, 2013

Robinsons Bank Corporation announced unaudited earnings results for the nine months period ended September 30, 2013. The net income for the period was PHP 425.87 million, a 20.1% increase from last year's PHP 354.57 million for the same period last year. Growth in net income is mainly due to higher revenues recorded during the period combined with the revenues contributed by Legazpi Savings Bank acquired by Robinsons Bank Corp. last December 2012, from PHP 1.85 billion for the nine months period last year to PHP 2.14 billion for the same period this year. Increase in revenues is mainly due to higher trading gain recorded for the period from PHP 377.74 million in 2012 to PHP 451.24 million this year.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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