Philippine National Bank announced that its Board of Directors has elected Federico C. Pascual as Chairman and Leonilo G. Coronel as Vice Chairman following the bank’s Annual Stockholders Meeting last week. Federico C. Pascual Pascual was first appointed as an independent director of the Bank in...
The stock market is seen to continue to be weighed down by the country’s COVID situation while investors will also be taking cues from the April inflation figure and corporate earnings announcements. “Next week, we still see a downward bias for the local market as we expect clouded economic...
Lucio Tan-led Philippine National Bank said its stockholders can expect to gain from its disposal of low-earning assets through their stake in PNB Holdings Corporation which will be listed at the Philippine Stock Exchange after being distributed as property dividends. At bank’s Annual...
Philippine National Bank (PNB) is planning to issue shares of its real estate subsidiary PNB Holdings Corporation as property dividends to make it eligible for listing by way of introduction. In a disclosure to the Philippine Stock Exchange, PNB said its Board of Directors has approved the...
The Lucio Tan-controlled Philippine National Bank (PNB) has started to build its digital-only banking business and is scouting for partners, but its president and CEO Arnulfo “Wick” Veloso is still unsure if this could be set up in six months to a year. “We need to finish the business plan...
Philippine National Bank reported a 17 percent growth in net profit before provisions for impairment and taxes of P17.6 billion last year due to continued improvement on net interest income and robust trading gains amid the pandemic. However, the bank disclosed to the Philippine Stock Exchange...
Philippine National Bank (PNB) president and CEO, Jose Arnulfo “Wick” Veloso is the new president and chairman of the Bankers Association of the Philippines (BAP), following the retirement of Bank of Philippine Islands’ Cezar P. Consing. “I am very honored to be elected as president...
Philippine National Bank (PSE: PNB) has appointed integrated media agency Optimax Communications Group, Inc. (Optimax) of DDB Group Philippines (DDB) as its new digital marketing agency. PNB CEO Wick Veloso said, “We are shifting our digital marketing into high-gear with the help of our new...
After making huge gains last week, investors are seen to test the stock market’s strength this week amid concern over the new COVID-19 variant on one side and vaccine roll-out news and the passage of the corporate recovery bill on the other. “Next week, the local market is seen to move sideways...
Lucio Tan group’s Philippine National Bank (PNB) is bracing for a “peak” in bad loans ratio which could come in the first quarter of 2021 when the Bayanihan 2’s 60-day moratorium for all loans has expired. PNB president and CEO Jose Arnulfo ”Wick” Veloso said he will be unable to give...
LT Group, Inc. reported a 9.0 percent growth in attributable net income for the first nine months of 2020 to P16.10 billion from the P14.72 billion reported for the same period last year. In a disclosure to the Philippine Stock Exchange, Philippine National Bank (PNB) contributed P2.24...
Philippine National Bank reported a 39 percent drop in net income for the first nine months of the year to P3.9 billion due to the recognition of anticipatory loan impairment provisions. In a disclosure to the Philippine Stock Exchange, the firm said it posted an operating profit, before credit...
