Read about the latest PNB News.
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.
The Philippine National Bank (PNB) is giving away to U.S.A. based new customers a FREE $10 Walmart Gift Card on their first successful remittance through PNB Web Remit.
This summer, take a breather from your daily grind. Explore new places and discover other cultures both in the Philippines and abroad with Philippine National Bank (PNB) and Agoda.com.
To cater to more clients and expand its market presence, the Philippine National Bank (PNB) relocated the MJ Cuenco Branch to its new home at G/F TGU Tower, Cebu IT Park, Salinas Drive cor. JM del Mar St., Apas, Cebu City. The inauguration was highlighted by the presence of Mr. Ryan Bernard Go, President of Grandland, Inc.; Ms. Amparito Lhuillier, Owner of M. Lhuillier Group of Companies; and Mr. Jojo Ong, President of Innoland Group of Companies. With the recent move, the branch was renamed as PNB Cebu IT Park Branch.
Standard & Poor's Ratings Services said yesterday it revised its rating outlook on Philippine National Bank (PNB) to positive from stable.
As a testament to the Bank's commitment to reach out to more clients, the Philippine National Bank (PNB) relocated the Katipunan – St. Ignatius Branch to its new home at G/F Linear Building, Katipunan Road, Quezon City last February 7, 2014. With this recent move, PNB is now more visible and accessible to a wider range of clients in the Katipunan area.