Philippine National Bank

Corporate Profile

Highlights

• PNB functioned as the de facto Central Bank up to 1949.
• PNB became the first universal bank in the Philippines in 1980.
• PNB was listed on the Philippine Stock Exchange in June 1989.
• PNB was awarded the 2010 Financial Insights Innovation Award for Channels Innovation in recognition of its pioneering Automated Remittance Machines.
• PNB received a Silver Award for Good Corporate Governance from the Institute of Corporate Directors (ICD) for two consecutive years 2011 & 2012.
• The Bangko Sentral ng Pilipinas (BSP) awarded PNB as the Top Commercial Bank in Generating Remittances from Overseas Filipinos in 2011 and 2012.
• PNB is recognized as a Hall of Fame awardee for being the Best Commercial Bank Respondent on Overseas Filipino Remittances for four straight years (2009-2012).

Philippine National Bank (PNB) is one of the country’s largest private local commercial banks in terms of assets and deposits. It is a universal bank providing a full range of banking and other financial services to large corporate, middle market, small and medium enterprises (SMEs) and retail customers. It maintains significant account relationships as well with the Philippine Government, national government agencies, local government units, and government owned and controlled corporations (GOCCs). PNB was originally established as a government bank in 1916 but has been 100% privatized since 2007. PNB is a publicly listed company with a broad shareholder base. Its major stockholder is the Lucio Tan Group, one of the Philippines’ leading business conglomerates.

PNB’s principal commercial banking activities include deposit-taking, lending, bills discounting, trade finance, foreign exchange dealings, fund transfers/remittance servicing, a full range of retail banking and trust services, and treasury operations. Through its subsidiaries, the Bank engages in a number of diversified financial and related businesses such as remittance servicing in the United States, Hong Kong, Guam, Italy, Canada and France; full service banking in the United Kingdom; investment banking, non-life insurance, stock brokerage, leasing and financing; and freight forwarding services among others.

Last February 2013, PNB merged with Allied Banking Corporation and became the fourth largest private domestic bank in terms of combined total resources. As of December 31, 2013, PNB’s consolidated assets reached Php 618.1 billion, higher by Php 287.9 billion or 87.2% compared to Php 330.2 billion in the previous year. PNB posted a net income of Php 5.2 billion in 2013, a 9.6% increase against the Php 4.7 billion registered in 2012. Total operating income stood at Php 24.6 billion, up by 48% from the same period a year ago with net interest income aggregating Php 13.7 billion, almost double the previous year’s level.

As of March 31, 2014, the Bank has 656 branches and 849 ATMs strategically located nationwide. It has the most extensive international presence among Philippine banks with 77 overseas branches and offices. The Bank also maintains correspondent banking relationships with more than 900 banks and financial institutions worldwide. As a result of this large geographic coverage, the Bank is a leading provider of remittance and other banking services to Overseas Filipino Workers.

To date, PNB successfully generated Php 11.6 billion in fresh capital from a recently-concluded stock rights offering. The success of the offering is a strong testament that the Bank’s stockholders have full confidence on the long-term prospects of PNB.

The new PNB is now in a better and stronger position to serve its clients’ interests and enhance overall customer experience. PNB will continue to stay focused in carrying out its corporate vision, business plans and strategies to be the “PiNaka-Best” Bank in the hearts and minds of every Filipino.

Membership Type: Regular
Address: PNB Financial Center
President Diosdado Macapagal Blvd, Pasay City 1300
Contact: (+632) 891-6040 to 70
Website: Philippine National Bank