Company Background

PNB is the bank for the Filipino wherever he or she may be in the countrys
centers of commerce and industry, in the far reaches of the countryside, and
even in many places across the globe.
- Former Philippine President Fidel V. Ramos

The Philippine National Bank is one of the largest banks in the Philippines. The
bank was acquired by tycoon Lucio Tan after it was privatized by the government. It
rose to become the fifth largest bank in the Philippines after its merger with the Tan-
owned Allied Bank. It was established by the Philippine government on July 22, 1916,
during the American colonial period, and became the first universal bank in the
Philippines in 1980. PNB had 331 branches in the Philippines and 13 branches in the
overseas as of end 2011.
Philippine National Bank provides banking and other financial services. It offers
various commercial banking services, including deposit-taking, lending, trade financing,
bills discounting, foreign exchange dealing, investment banking, fund
transfers/remittance servicing, retail banking, and trust services. The company also
provides savings and checking, foreign currency deposit, and direct deposit accounts,
as well as safe deposit box services; life and non-life insurance products; housing and
automobile loans; credit cards; eBanking; and asset management services. In addition,
it invests in debt securities issued by the Philippine government, or companies; and
offers peso treasury bills and bonds, investment fund solutions, personal trust accounts,
investment management, advisory/consultancy services, and estate planning services.
Further, the company provides cash management solutions, such as account, liquidity,
payments, and collections management; and long-term and short-term loans, revolving
credit line, Omnibus line, Peso/FX convertible credit line, discounting line, and domestic
bills purchased line, as well as loans for startup projects, expansion projects,
rehabilitation, and relocation projects. Additionally, it offers trade services, letters of
credit, documentary collections under open account, documents against
acceptance/payment, guarantees in the form of standby L/Cs, collection of custom
duties and taxes, advisory services, and structured trade finance services; sugar loan
programs; loans to local government units, and small business loan programs. As of
December 31, 2013, the company provided its services through its 655 domestic
branches. It serves corporate, middle-market, and retail customers, as well as national
government and local government units, government-owned and controlled
corporations, and various government agencies. Philippine National Bank was founded
in 1916 and is based in Pasay City, the Philippines.