Predict your next investment

FINANCIAL | Retail Banking

See what CB Insights has to offer


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,



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.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.