PNB as Outstanding PhilPass REMIT Participant

From left: Monetary Board Member Alfredo C. Antonio, PNB President Reynaldo A. Maclang, BSP Governor and Chairman of the Monetary Board Amando M. Tetangco, and PNB FSVP Benjamin S. Oliva

The Philippine National Bank was recognized as the Outstanding PhilPass REMIT Participant during the Bangko Sentral ng Pilipinas’ (BSP) 2014 Awards Ceremony and Appreciation Lunch for BSP Stakeholders last July 9, 2014.

BSP recognized PNB’s exceptional performance in terms of remittance volume sent via BSP’s Philippine Payments and Settlement System (PhilPass) for processing and settlement. The PhilPass is a settlement arm for overseas Filipino remittances in order to ensure safe and immediate transfer and settlement of remittance funds.

“As a trusted banking partner of Global Filipinos, we place utmost priority in our clients’ diverse banking needs,” said Benjamin S. Oliva, First Senior Vice-President and head of the PNB Global Banking Group. “This award is a proof of PNB’s commitment in continuously providing the best services to Filipinos around the world,” he adds.

Having the largest overseas footprint among Philippine banks, PNB has built a very strong franchise in the remittance business to cater to the needs of Filipinos around the world. To date, PNB has 77 overseas offices across Asia, Europe, Middle East, and North America.