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                    [ArticleID] => 269386
                    [Title] => Citibank to pay at least P1B for Insular Savings
                    [Summary] => Citibank NA’s acquisition of Insular Savings Bank is expected to cost at  least P1 billion and the transaction is expected to be concluded in the  next few weeks.


The Bangko Sentral ng Pilipinas (BSP) approved the acquisition two weeks  ago where Citibank would buy Insular Savings Bank (ISB) from Insular Life, the  country’s oldest and biggest insurance group.


According to banking sources, Citibank indicated plans of absorbing  ISB’s employees that they have qualified although discussions on the  specific terms of the acquisition are still on-going.


                    [DatePublished] => 2005-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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CITIBANK AND INSULAR LIFE

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                    [ArticleID] => 269386
                    [Title] => Citibank to pay at least P1B for Insular Savings
                    [Summary] => Citibank NA’s acquisition of Insular Savings Bank is expected to cost at  least P1 billion and the transaction is expected to be concluded in the  next few weeks.


The Bangko Sentral ng Pilipinas (BSP) approved the acquisition two weeks  ago where Citibank would buy Insular Savings Bank (ISB) from Insular Life, the  country’s oldest and biggest insurance group.


According to banking sources, Citibank indicated plans of absorbing  ISB’s employees that they have qualified although discussions on the  specific terms of the acquisition are still on-going.


                    [DatePublished] => 2005-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Citibank to pay at least P1B for Insular Savings

By Des Ferriols | March 7, 2005 - 12:00am

Citibank NA’s acquisition of Insular Savings Bank is expected to cost at least P1 billion and the transaction is expected to be concluded in the next few weeks. The Bangko Sentral ng Pilipinas (BSP) approved...

Business