Regulatory Alerts2024-12-06
CL-2024-053: Merger of BDO Unibank, Inc. and SM Keppel Land, Inc.
The Bangko Sentral ng Pilipinas issued Circular Letter CL-2024-053 to inform supervised financial institutions of the merger between BDO Unibank, Inc. and SM Keppel Land, Inc. The Monetary Board approved the transaction on 16 October 2024, with the Securities and Exchange Commission granting final approval on 18 November 2024. The merger officially took effect on 1 December 2024, transferring all assets and liabilities of SM Keppel Land, Inc. to BDO Unibank, Inc.
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