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FINANCIAL | Retail Banking
prsavingsbank.com

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Stage

Acquired | Acquired

About PR Savings Bank

Phillippine Resources Savings Banking Corp, dba PR Savings Bank, is a thrift bank in the Philippines, engaged in extending motorcycle, agri-machinery and teachers' salary loans.

PR Savings Bank Headquarter Location

Alingog Center Rizal Ave, cor. Canciller Ave.,Cauayan City, Isabela

Cauayan City,

Philippines

078-6522964

Latest PR Savings Bank News

UnionBank's City Savings to buy Philippine Resources Savings Bank

Jan 3, 2018

Wednesday 3 January 2018 | 09:32 AM CET The bank has signed a share purchase agreement with Ropali Group to acquire 100% of the common shares of PR Savings Bank. The Ropali Group represents 127,723,385 common shares of PR Savings Bank, equivalent to 66.27% of the bank’s capital. The purchase price is less than 10% of the total book value of UnionBank. UnionBank has book value of P68.36 per share as of 2016, according to recent data released by the bank. The acquisition of PR Savings Bank is subject to regulatory approvals from the Philippine Competition Commission and Bangko Sentral ng Pilipinas. UnionBank expects to close the transaction by the second quarter of 2018.

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