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BSP pushes for immediate sale of 67% of Equitable PCI.
The Bangko Sentral has urged shareholders of Equitable PCI Bank to push through with the sale after management expressed its change of heart in the plan.
"The shareholders are being asked (by the central bank) to reconsider their plan to halt the sale," a Bangko Sentral official yesterday told BusinessWorld.
The official, requesting anonymity, said Equitable PCI's owners may have gotten a "sense of security" from last week's change in the presidency.
Earlier, chairman Ricardo Romulo, Jr. said the country's third-largest bank is no longer in a hurry to find a strategic partner and will just wait for depositors to come back as the political situation …
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