East West Banking Corp. plans to raise about P9 billion through a stock rights offering to fund expansion, digital investments, and loan growth as the Filinvest Group’s banking arm positions for its next phase of growth.
The proposed stock rights offering was approved by the bank’s board on Aug. 27, 2026, and will be backed by major shareholders Filinvest Development Corp. and FDC Ventures Inc.
EastWest said the offering remains subject to regulatory approvals, including those from the Bangko Sentral ng Pilipinas and the Philippine Stock Exchange.
“This proposed rights offering positions EastWest for its next phase of growth while giving our existing shareholders the opportunity to participate in the Bank’s long-term value creation,” EastWest Chief Executive Officer Jerry G. Ngo said.
“The additional capital will support continued expansion across our core businesses and enhance our ability to pursue strategic opportunities in a fast-evolving financial landscape, while strengthening our balance sheet,” he added.
The bank said proceeds will support strategic growth and expansion plans, including scaling up its wealth and priority banking businesses, investing in digital technologies, and funding loan growth across key retail and business segments.
As of June, EastWest had total assets of P623.9 billion and a consumer loan portfolio of P337.6 billion, making it one of the country’s largest consumer-focused banks.
The proposed capital raising will involve the issuance of common shares to eligible shareholders. The final offer size, entitlement ratio, offer price, record date, and timetable will be announced after the necessary approvals are secured.
EastWest said the transaction is intended to sustain growth, strengthen its capital base, and create long-term value for shareholders as the banking industry evolves rapidly.
The bank has tapped AB Capital & Investment Corp. as issue manager and sole underwriter for the offering.
The rights issue will give existing shareholders an opportunity to participate in the bank’s expansion while providing EastWest with additional capital to pursue growth in consumer banking, wealth management, digital services, and other strategic businesses.
