Philippine National Bank
Banking company in the Philippines / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Philippine National Bank?
Summarize this article for a 10 year old
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 one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Era.
Company type | Public |
---|---|
PSE: PNB | |
Industry | Finance and Insurance |
Predecessors |
|
Founded | July 22, 1916; 107 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) |
Services | Financial services |
₱759.67 million (2020)[1] | |
₱31.7 billion (2021)[2] | |
Total assets | ₱1.19 trillion (2021)[2] |
Total equity | ₱161.22 billion (2021)[2] |
Owner | LT Group |
Number of employees | 8,550 |
Website | pnb.com.ph |
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.
To date, PNB 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]