State-run Government Service Insurance System (GSIS) has expressed interest to participate in the infrastructure program that the Marcos administration wants to pursue over the next six years. In a briefing, Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said the pension fund...
State-run Government Service Insurance System (GSIS) announced it will grant emergency loan to assist members and pensioners in quake-stricken Northern Luzon. Hours after a powerful earthquake struck on Wednesday, July 27, Wick Veloso, GSIS president and general manager said the pension fund has...
The trustees of the Government Service Insurance System (GSIS) have elected veteran banker Jose Arnulfo “Wick” Veloso as president and general manager of the state-owned pension fund. Veloso, who was chosen by President Marcos to head the country's pension fund service for state workers, said...
Philippine National Bank reported that its net income surged to P31.7 billion last year, 12 times higher than the bottom line income in the previous year mainly due to a property-for-share swap with a subsidiary. In a disclosure to the Philippine Stock Exchange on Wednesday, March 16, the bank said...
PNB Holdings Corporation (PHC), the real estate holding company of Philippine National Bank, intends to redevelop its prime properties in Makati and Pasay to boost rental demand and optimize their revenue potential. **media During the firm’s annual stockholders’ meeting, newly-appointed PHC...
Philippine National Bank will be recording about P34 billion in one time earnings from its windfall from the revaluation of its low-earning but prime real estate assets. In a disclosure to the Philippine Stock Exchange, the bank said the amount will be recorded in its books reflecting the...
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...
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...
