BPI divests from Gotyme

MANILA, Philippines — Zobel family-led Bank of the Philippine Islands (BPI) will unload all of its 15-percent stake in Gokongwei-backed GoTyme Bank Corp. for P902.47 million, citing the need to address “potential conflict of interest.” BPI—which acquired 20 percent of GoTyme as part of its merger with Robinsons Bank Corp.—said the sale to GoTyme Financial
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