Business NEWS

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.

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.

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.

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.

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.

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.  

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.

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.

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.