7/25/2019 Background of Philippine National Bank

1/2

I. INTRODUCTION

Include a short background on the company, including: Nature of business/products/services Current revenue size and prot Current asset size Maor markets served Number of employees !ther relevant basic information

http://"""#pnb#com#ph/inde$#php/about/history

Corporate %role# http://"""#pnb#com#ph/inde$#php/about/corporate&

governance/company&policies/policies&employee&"elfare/'(&about&us)atm*search

+(+-.page+(+-.perpage+('+-.region+(all+-.site+(onsite

0ec '1 C -'2# http://"""#pnb#com#ph/images/stories/docs/sec'1c/03C'1&C&-'2&

''&2&%4&%N5&Nine&Months&Net&Income#pdf

'#''#-'.

%hilippine National 5ank6%N57 "as instituted on 8uly --,'9'. by the government but

"as privatized in -1# %N5 operated as the de facto Central 5ank of the country

and "as given a special authority to issue currency notes, be the custodianship of

bank reserves, be the sole depository of government fund and served as theclearing house of banking in the country# o"ever, this functions ceased "hen the

government established the Central 5ank in '9;9# It "as coined as the rst

s, middle market and large corporate enterprises#

?he primary banking undertakings of %N5 include deposit&taking, lending, bills

discounting, trade nance, foreign e$change dealings, remittance/fund transfer,

trust services and treasury operations# ?he 5ank also engages in remittance

servicing, investment banking, nonlife insurance, stock brokerage, leasing and

nancing and freight for"arding services in its international subsidiaries in

7/25/2019 Background of Philippine National Bank

2/2

s of 8une -'2, %N5 has over . branches and 9 ?M>s nation"ide served "ith

"hile having 1. overseas branches and oDce that resulted to %N5 as the leading

provider of remittance and other banking services to !BE>s#