Philippine National Bank

Philippine National Bank
Company typePublic
PSEPNB
IndustryFinance and Insurance
Predecessors
FoundedJuly 22, 1916; 108 years ago (1916-07-22)
Manila, Philippines
Headquarters
PNB Financial Center, Macapagal Boulevard, Pasay
,
Key people
Edgar A. Cua, (Chairman)
Leonilo G. Coronel, (Vice Chairman)
Florido P. Casuela, (President & CEO)
Lucio C. Tan, (Chairman Emeritus)
ServicesFinancial services
759.67 million Decrease (2020)[1]
31.7 billion Increase (2021)[2]
Total assets1.19 trillion Decrease (2021)[2]
Total equity161.22 billion Increase (2021)[2]
OwnerLT Group
Number of employees
8,550
Websitepnb.com.ph

The Philippine National Bank (PNB, Filipino: Bangko Nasyonal ng Pilipinas;[3] Spanish: Banco Nacional Filipino;[4] Hokkien Chinese: 菲律賓國家銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Kok-ka Gûn-hâng) is a major Filipino bank based in Pasay in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Era.

The bank became the first universal bank in the Philippines in 1980 and was acquired by tycoon Lucio Tan after it was privatized by the government in 1989. After its merger with the Tan-owned Allied Bank on February 9, 2013, PNB became the fifth largest private domestic bank in the country.

As of 2023, PNB was the seventh largest banks in the Philippines by assets.[5] It has 713 domestic branches and more than 1,400 ATMs. PNB has more than 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. [citation needed]

  1. ^ "PNB Annual Report 2019" (PDF). Philippine National Bank. Retrieved February 2, 2021.
  2. ^ a b c "PNB Annual Report 2021" (PDF). Philippine National Bank. Retrieved June 24, 2022.
  3. ^ Enaño, Ray S. (April 5, 1990). "PNOC isasapribado". Diyaryo Filipino (in Filipino). Nova Communications, Inc. p. 5. Sinabi ni Estanislao na isasapribado ang PNOC nang katulad din sa Bangko Nasyonal ng Pilipinas (Philippine National Bank, PNB) nang ialok sa publiko ang 30 porsiyento ng mga sapi nito noong nagdaang Mayo.
  4. ^ Concepción, Venancio (1927). "La tragedia" del Banco Nacional Filipino [The "Tragedy" of the Philippine National Bank] (in Spanish). Retrieved March 27, 2021.
  5. ^ "Ranking as to Total Assets – Universal and Commercial Bank Group as of 31 December 2023 (Amounts in Million Pesos)". www.bsp.gov.ph. Archived from the original on April 4, 2024. Retrieved April 9, 2024.