Regulatory Alerts2025-03-26
CL-2025-014: Merger of LBP Leasing and Finance Corporation and UCPB Leasing and Finance Corporation
The Office of the Deputy Governor of the Bangko Sentral ng Pilipinas issued Circular Letter CL-2025-014 to inform supervised financial institutions of the merger between LBP Leasing and Finance Corporation and UCPB Leasing and Finance Corporation. The Securities and Exchange Commission approved the transaction, designating LBP Leasing as the surviving entity that will absorb all assets and liabilities of UCPB Leasing. This merger officially took effect on March 1, 2025, following the execution of the Articles and Plan of Merger in late 2024.
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