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Read about the latest PNB News.
Indulge in authentic Cantonese cuisine at Pearl River Café; - Trinoma with PNB's Foodie Perks promo. From April 2 to June 30, 2014, use your PNB MasterCard when dining in at Pearl River Café and get a 50% discount on all dimsum.
The Philippine National Bank, in its aim to protect the environment, spearheaded a tree planting activity last June 7, 2014 at the NLEX Mindanao Avenue Link, in support of Manila North Tollways Corporation's Greening the NLEX Project.
Get a chance to WIN BIG with Philippine National Bank's Double the Double Plus More Promo! From May 15 to August 15, 2014, get the opportunity to multiply your investment up to Php 50,000* when you invest through the new PNB Unit Investment Trust Funds (UITF) Online facility!
Planning a melt-in-your mouth steak experience with your family or your special someone? With PNB's Foodie Perks promo, savor the well-marbled US Tenderloin Steak or dig into the juicy Wagyu Steak at Melo's and get one steak of the same order or seafood item for FREE! Promo is from May 1 to June 30, 2014.
The Philippine National Bank (PNB) has announced that PNB President and CEO Omar Byron T. Mier will retire on May 27, 2014. Atty. Reynaldo A. Maclang, current PNB Director, will succeed Mr. Mier as President and CEO.
PNB offers exciting discounts and privileges to its credit cardholders when they dine or book a room at Bonifacio Global City's F1 Hotel Manila. From April 15 to July 31, 2014, cardholders will get a 40% discount on room rates with complimentary breakfast for two (2). PNB credit cardholders also get 30% off on buffet lunch and dinner when they dine at F All Day Dining Restaurant. If dining outside is more to their liking, guests can have a meal at the hotel's Canary Lounge and get a 25% discount on the total bill.
Standard & Poor's Ratings Services hiked its outlook on PNB from "stable" to "positive" last March 2014, citing the gradual improvement in its asset quality following the merger with Allied Bank. The positive outlook on PNB also reflects expectations that the Bank's asset quality could keep improving, given the efforts to better its underwriting standard.
The Philippine National Bank posted a Net Income of Php 1.3 billion for the first quarter of 2014. Last year's first quarter performance was 53% higher, which was mainly brought about by substantial gains in trading and investment securities. The Bank's Net Interest Income, which accounted for 68% of the Bank's total operating income, rose by 70% to Php 4.5 billion. This was a result of a 31% increase in interest income, coupled with a 38% decline in interest expense. During the quarter, the Bank's loan portfolio increased by P4.3 billion across all customer segments despite the squeeze in margins amidst a low interest rate environment. With the redemption of the Bank's P4.5 billion unsecured subordinated debt with an interest rate of 7.13%, the Bank's interest expense was substantially reduced.