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...
The Philippine National Bank (PNB) is thinking of putting up a digital bank either as a subsidiary or stand-alone unit, according to its president and CEO Jose Arnulfo “Wick” Veloso. PNB president and CEO Jose Arnulfo “Wick” Veloso “We’re discussing internally with the...
Philippine National Bank (PSE: PNB) was honored by Asiamoney with Best Bank for Corporate Social Responsibility (CSR) in the Philippines during its annual Asiamoney Banking Awards. Philippine National Bank (PNB) was recently honored by Asiamoney with “Best Bank for Corporate Social Responsibility...
Philippine National Bank (PNB) is seeking to dispose of three prime properties that it values at about $1 billion as early as this year, a person familiar with the plan said. Pedestrians wearing protective mask walk near the Philippine National Bank (PNB) Center in Makati City, Metro Manila,...
