EAST West Banking Corp., the banking arm of the Filinvest Group, has set the proposed price of its P9-billion stock rights offering (SRO) at between P10.80 and P11.05 per share.
Eligible shareholders as of the Nov. 19, 2026 record date will be entitled to subscribe to one rights share for every 2.70 to 2.76 common shares held.
EastWest’s board approved the proposed offering on Aug. 27.
The bank’s major shareholders, Filinvest Development Corp. (FDC) and FDC Ventures Inc., have committed to fully subscribe to their respective entitlement shares in the first round of the offer.
Principal shareholders, directly or through wholly owned subsidiaries of FDC acting as standby purchasers, have also undertaken to subscribe to institutional offer shares that remain unsubscribed, subject to applicable regulatory requirements.
EastWest plans to use the proceeds to support its strategic growth and expansion, including strengthening its wealth and priority banking businesses, investing in digital technologies and funding loan growth across key retail and business segments.
As of June 2026, EastWest had total assets of P623.9 billion and a consumer loan portfolio of P337.6 billion.
The bank’s shares closed at P10.10 each on Friday, down P0.08 or 0.79 percent.
