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. 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, France and the Middle East; full service banking in the United Kingdom, Hong Kong, and Japan; mortgage lending, trade and treasury, among others.
Last February 2013, PNB merged with Allied Banking Corporation and became the fourth largest private domestic bank in terms of combined total assets. As of June 30, 2016, PNB’s consolidated resources stood at Php 712.4 billion. PNB sustained its strong growth in profitability in the first half of 2016 with a net income of Php 4.3 billion, reflecting a 20% improvement over its earnings of Php 3.6 billion for the same period last year.
As of June 2016, the Bank has a distribution network of 670 branches and offices & 960 ATMs strategically located nationwide. In addition, PNB boasts of having the most extensive international footprint across Asia, Europe, Middle East, and North America with 72 overseas branches and offices among Philippine banks.
PNB celebrated its 100th Anniversary last July 22, 2016. For the past century, PNB has always been the bank that customers can lean on, offering a heritage and unique brand of Filipino service to address their diverse banking needs. Backed by 100 years of stability and excellence, PNB looks forward to yet another hundred years of serving You First.