![Why the Philippines’ Two Largest State-Owned Banks Are Contemplating a Mega-Merger Why the Philippines’ Two Largest State-Owned Banks Are Contemplating a Mega-Merger](https://thediplomat.com/wp-content/uploads/2023/05/sizes/thumbnail/thediplomat_2023-05-23-205400.jpg)
Why the Philippines’ Two Largest State-Owned Banks Are Contemplating a Mega-Merger
By James Guild
The government is hoping that the merger of DBP and the Land Bank of the Philippines will increase profitability, with a possible eye to supporting its embryonic sovereign wealth fund.