The Early Years
The Philippine National Bank was established as a government-owned banking institution on July 22, 1916 with headquarters in the old Masonic Temple along Escolta, Manila. Its primary mandate was to provide financial services to Philippine industry and agriculture and support the government's economic development effort. World War I, then raging in Europe, generated huge demand for the country's major exports namely: sugar, copra, coconut oil, Manila hemp and tobacco. However, not much was being done to develop the industries that produced these sought-after crops since access to credit facilities was limited then. To solve this problem, Henderson Martin, Vice Governor of the Philippines, together with Mr. Miguel Cuaderno (who later became Central Bank governor) drafted the charter for a national bank.
In February 4, 1916, Public Act 2612 was passed by the Philippine legislature providing for the establishment of the PNB to replace the small P1 million government-owned Agricultural Bank. PNB's first head office was the Masonic Temple along Escolta, the then "Wall Street of the Philippines" in the bustling district of Sta. Cruz in Manila. An American, H. Parker Willis, was its first president.
"The First Universal Bank in the country"
On July 24, 1916, PNB established its first branch in Iloilo.
Privatization of PNB
The privatization of the Bank started when 30 per cent of its
outstanding stocks was offered to the public and its stocks were listed
in the stock exchange in 1989.
In 1995, the Bank moved to its new headquarters at the PNB
Financial Center in Roxas Boulevard, Pasay City.
many places across the globe."
A New Beginning
In 1999, a group of new private stockholders led by Dr. Lucio
C. Tan acquired approximately 35% of the total outstanding capital
stock of PNB. In early 2000, the group increased its share in
the Bank to 69.32% and pumped in nearly P20 billion fresh capital in
less than one year. This was done to emphasize the commitment of the
new stockholders to the improvement of the Bank's financial condition,
which had been incurring losses in operations due to poor asset quality.
Please be advised that there will be a scheduled quarter-end system processing from April 1 (Tuesday) to April 2 (Wednesday), 2014. During the 48-hour activity, you may experience delays in the processing of your transactions in PNB C@shnet specifically on file uploads for Paywise (payroll) and Autopay (direct credit to account).
We apologize for any inconvenience this may cause. We encourage you to perform your PNB C@shnet transactions/inquiries before these dates to minimize any inconvenience on your part.
PNB C@shNet Team
Please be advised of the changes in deposit board rates of Dollar Time Deposit and Prime Savings account. The changes shall take effect on January 1, 2014.
Please be advised of changes in our fees/charges & maintaining balance requirements given the need to align the same following the merger of PNB and Allied Bank last February 2013. The changes as applicable shall take effect on January 1, 2014.
A new security feature will now be in place.
Effective May 8, 2014, we are implementing a new added security feature for your Funds Transfer transaction to a 3rd party account. A One-Time Password (OTP) which consists of 6 alpha numeric characters will be sent via SMS to your registered mobile number to complete your transaction. Kindly ensure that your mobile number is updated with us for you to be able to perform funds transfer transaction to a 3rd party account.
To update your mobile number:
• Clients based in the Philippines may download the maintenance form* and personally submit it to your branch of account together with one (1) valid ID.
• Overseas clients may download the maintenance form* and submit it together with a photocopy of any valid ID directly to your branch of account through regular mail.
Thank you for using PNB Internet Banking.
*Application forms can be downloaded from the PNB Internet Banking page.
Note: PNB will NEVER ask our customers to submit any personal information via ONLINE LINK.
YOUR SAFETY IS OUR PRIORITY.
As PNB and Allied Bank continue to align their services. We are pleased to announce that PNB branches that display the interbranch transaction advisory are now capable of processing selected transactions for former Allied Bank clients. Please proceed directly to the special lanes designated for Allied Bank transactions.