ROMUALD DY TANG

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                    [ArticleID] => 100552
                    [Title] => Yuchengco's RCBC takes over Bankard
                    [Summary] => 

Rizal Commercial Banking Corp., the banking arm of the Yuchengco group, has
acquired majority control of credit card company Bankard Inc. from
Equitable-PCI Bank for approximately P1.736 billion.

In separate disclosures to the Philippine Stock Exchange, officials of RCBC and
Equitable-PCI said both parties have agreed to "enter into a contract relating
to the sale of Equitable PCI's entire equity shareholdings in Bankard."
Equitable owns 65.09 percent of the total outstanding shares of Bankard as of
Dec.
                    [DatePublished] => 2000-04-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Yuchengco's RCBC takes over Bankard

By Christina Mendez | April 18, 2000 - 12:00am

Rizal Commercial Banking Corp., the banking arm of the Yuchengco group, has acquired majority control of credit card company Bankard Inc. from Equitable-PCI Bank for approximately P1.736 billion. In separate...

Business