EastWest Proposes ₱9.0 Billion Stock Rights Offering at ₱10.80–₱11.05 Per Share
East West Banking Corporation announced the offer price for its previously disclosed Stock Rights Offering (SRO), which is expected to raise approximately ₱9.0 billion through the issuance of common shares to eligible shareholders. The common shares, with a par value of ₱10.00 each, will be offered at ₱10.80 to ₱11.05 per share and listed and traded on the Philippine Stock Exchange (PSE).
Under the proposed transaction, eligible shareholders as of the record date of November 19, 2026, will be entitled to subscribe to one (1) rights share for every 2.70 to 2.76 common shares held.
The proposed SRO was approved by the Bank's Board of Directors on August 27, 2026, and will be backed by EastWest's major shareholders, Filinvest Development Corporation (FDC) and FDC Ventures, Inc. This is to fully subscribe to their respective entitlement shares during the first round of the offer.
In addition, the principal shareholders, directly or through wholly owned subsidiaries of FDC acting as standby purchasers, have undertaken to subscribe to any institutional offer shares that remain unsubscribed, subject to applicable regulatory requirements. This commitment underscores the shareholders’ strong confidence in EastWest’s growth strategy and long-term prospects.
Proceeds from the offering will support EastWest's strategic growth objectives and expansion plans, including strengthening its wealth and priority banking businesses, investing in digital technologies, and funding loan growth across key retail and business segments.
EastWest is the banking arm of the Filinvest Group and one of the country's leading consumer-focused banks. As of June 2026, it had total assets of ₱623.9 billion and one of the largest consumer loan portfolios in the Philippine banking industry, amounting to ₱337.6 billion.