PCC Public Advisory

 

System Maintenance Advisory: MAO E-Notification System

Please be advised that the MAO E-Notification System will undergo scheduled maintenance to implement system enhancements from 01 April to 06 April 2026. During this period, the system will be temporarily unavailable.

The last day for electronic submissions through the MAO E-Notification System will be on 31 March 2026 (5:00 PM).

If there are submissions due during the scheduled maintenance period, all concerned parties are advised to ensure the early submission of the necessary documents prior to the maintenance dates.

The enhanced MAO E-Notification System will resume normal operations on Tuesday, 07 April 2026.

For any questions or concerns, please contact the Mergers and Acquisitions Office via email at mergers@phcc.gov.ph or by telephone at +632 8771 9722 local 252.

Please be guided accordingly.

 

 

 

Advisory: LMS Rebranding to PCC eCLASS

In line with its rebranding efforts, PCC's Learning Management System (LMS), previously known as iCLP: Online Learning Hub on Competition Law and Policy, will now be called PCC eCLASS: Enhanced Competition Learning Activities Spaces.

Correspondingly, the platform’s domain name will be changed from iclp.phcc.gov.ph to eclass.phcc.gov.ph.

Please be advised that the LMS will be temporarily unavailable from March 27, 2026 (5:00 PM) to March 31, 2026 (11:59 PM) to facilitate this transition.

Beginning April 1, 2026, users may access PCC’s online courses through the new domain.

 

 

 

PCC Advisory: Trunkline Service Interruption

 

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/ Commission Decision No. 12-M-010/2018 Acquisition by City Savings Bank, Inc. of Shares in Philippine Resource Savings Bank Corporation

Commission Decision No. 12-M-010/2018
Acquisition by City Savings Bank, Inc. of Shares in Philippine Resource Savings Bank Corporation

 

ABSTRACT:

City Savings Bank, Inc. (“City Savings”), the thrift banking arm of Union Bank of the Philippines, entered into a Share Purchase Agreement on 29 December 2017 (“Transaction”) with all of the common shareholders (the “Sellers”) of Philippine Resources Savings Bank Corporation (“PR Savings Bank”).

City Savings is the 5th largest thrift bank in the Philippines in terms of assets.  It provides a range of mass market finance products and services such as salary loans to public and private school teachers, pension loans to Government Service Insurance System (“GSIS”) and Social Security System (“SSS”) pensioners, Overseas Filipino Workers (“OFW”) loans and traditional deposit products.   On the other hand, PR Savings Bank and the Sellers are members of, or associated with, the ROPALI Group of Companies – a conglomerate engaged in motorcycle and agricultural machinery trade.  PR Savings Bank is based in Isabela and is the 14th largest thrift bank in the country. It is primarily engaged in motorcycle and agri-machinery loans and some teachers’ salary loans.

The transaction involves the purchase of One Hundred Twenty-Seven Million Seven Hundred Twenty-Three Thousand Three Hundred Eight-Five (127,723,385) common shares (“Subject Shares”) of the capital stock in PR Savings Bank by City Savings from the Sellers.  The Subject Shares represent One Hundred Percent (100%) of the issued and outstanding common shares of PR Savings Bank, which is approximately 66.27% of its total issued and outstanding capital stock. City Savings will eventually purchase all of the remaining preferred shares of PR Savings Bank, and thereafter, merge with the latter (with City Savings as the surviving entity), upon securing the approvals of the pertinent regulatory government agencies.

1678156395_Commission-Decision-No.-12-M-010.2018-CitySavingsBank-PRSavingsBank.pdf

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