Philippine National Bank (PNB) is one of the country’s largest private universal banks in terms of assets and deposits. It provides 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 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, treasury operations, and a full range of retail banking and trust services. Through its subsidiaries and affiliates, the Bank engages in thrift banking; full banking services in China and the United Kingdom; banking services in Hong Kong; and a number of diversified financial and related businesses such as remittance servicing in the United States, Canada, and Hong Kong; investment banking; life and non-life insurance; stock brokerage; and leasing and financing services.
In February 2013, PNB merged with Allied Banking Corporation and became one of the largest private domestic banks in terms of combined total assets. As of June 30, 2017, PNB’s consolidated resources stood at Php 824.0 billion. PNB sustained its strong growth in profitability with a net income of Php 2.7 billion for the first six months of 2017.
To date, PNB has over 680 branches and more than 1,140 ATMs strategically located nationwide. In addition, PNB boasts of having the most extensive international footprint among Philippine banks with 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America.
PNB celebrated its centennial 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 a legacy of stability and excellence, PNB looks forward to another hundred years of serving its customers first.