Philippine Natl Bk

Type: Company
Name: Philippine Natl Bk
First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

Special rates for PNB cardholders

MANILA, Philippines - The Philippine National Bank (PNB)/Allied Bank credit cards can pamper holders with great discounts on dining and room reservations at the InterContinental Manila. By simply booking two nights, guests can indulge in the luxurious ... [Published Philippine Star - Jun 17 2013]
First reported Jun 12 2013 - Updated Jun 12 2013 - 1 reports

Ratings upgrade impacts returns on savings: exec

THE string of ratings upgrades given to the Philippines by international credit rating agencies means good news for most, but this also means the need for higher risks to get better returns, a bank official said.Rafael Ayuste, first senior vice president ... [Published Sun Star Network - Jun 12 2013]
First reported Jun 06 2013 - Updated Jun 06 2013 - 1 reports

SP okays P243.6M for cyber center

The construction of the P450 million Negros First Cyber in Bacolod City, that was stalled because of the election, will resume soon.The Sangguniang Panlalawigan of Negros Occidental, on mass motion and duly seconded by all board members present, unanimously ... [Published Visayan Daily Star - Jun 06 2013]
First reported Jun 05 2013 - Updated Jun 05 2013 - 1 reports

PAL to remain listed – Ang

MANILA, Philippines - National carrier PAL Holdings Inc., partly-owned by conglormerate San Miguel Corp. (SMC), will remain a listed company, its top executive said.PAL, Asia’s oldest airline, is preparing a share sale through Philippine National Bank ... [Published Philippine Star - Jun 05 2013]
First reported Jun 04 2013 - Updated Jun 04 2013 - 1 reports

Philippine bond market in 1Q grows as gov't borrows more -- ADB report

InterAksyon.com means BUSINESSMANILA - The Philippine bond market grew by more than a tenth in the first quarter as the government sold more debt papers to finance its budget deficit.In its latest Asia Bond Monitor, the Asian Development Bank (ADB) on ... [Published Interaksyon - Jun 04 2013]
First reported Jun 03 2013 - Updated Jun 03 2013 - 4 reports

Methodology shift weighs on debt scores

In a statement released yesterday, the ratings agency said up for review for a possible downgrade are subordinated debt (subdebt) ratings given to long-term local currency subordinated debt and long-term local currency ?backed? subordinated debt issued ... [Published Business World - Jun 03 2013]
First reported May 29 2013 - Updated May 29 2013 - 1 reports

PNB sees profit growing 15%

Philippine National Bank, the fourth largest private commercial bank, expects profit to grow 15 percent yearly for the next five years on the back of a strong growth in loan portfolio, a high-ranking official said Tuesday.“That is our growth guidance,” ... [Published Manila Standard Today - May 29 2013]
First reported May 28 2013 - Updated May 28 2013 - 2 reports

PNB targets 15% annual growth

Philippine National Bank (PNB) is aiming for an annual income growth of 15 percent over the next five years.“In terms of guidance numbers, what we tell people, even investors, is that we want to grow the bank by 15 percent per year,” PNB president Omar ... [Published Malaya Business Insight - May 28 2013]
First reported May 28 2013 - Updated May 28 2013 - 1 reports

PNB aims to increase loan portfolio by 18% annually

Category: Banking & FinanceWritten by Bianca Cuaresma / ReporterTHE Philippine National Bank (PNB) said on Tuesday its planned expansion of its loan portfolio would help its profit grow in the next five years.In a briefing, PNB President and Chief Executive ... [Published Business Mirror - May 28 2013]
First reported May 28 2013 - Updated May 28 2013 - 1 reports

Rise in European equities boosts Philippine stocks

MANILA, Philippines (Xinhua) - The Philippine stock market got a boost from the European equities, sending the Philippine stock market to rally today.The bellwether Philippine Stock Exchange index gained 0.22 percent or 15.71 points to 7,113.22, while ... [Published Philippine Star - May 28 2013]
First reported May 21 2013 - Updated May 22 2013 - 4 reports

LT Group posts P5.8B profit in Q1

MANILA, May 22 (PNA) — Lucio Tan-led LT Group Inc. booked a 53-percent increase in profit in the first quarter of 2013 on the back of the strong performance of the conglomerate’s banking and property segments.In a disclosure, LT Group said its earnings ... [Published Positive News Media - May 22 2013]
First reported May 21 2013 - Updated May 22 2013 - 2 reports

LT Group’s net profit rises 53% to P5.8b

LT Group Inc., the holding company of tycoon Lucio Tan, said Tuesday net income in the first quarter jumped 53.5 percent to P5.8 billion from P3.8 billion year-on-year, on the back of the strong performance of banking and property units.The conglomerate ... [Published Manila Standard Today - May 22 2013]

Quotes

...in burden sharing given these prior examples and given that the global regulatory consensus increasingly sees this as best practice,? it said. "The willingness of governments and regulators to apply burden sharing principles and their ability to do so without causing contagion have been demonstrated in several recent cases where losses were effectively imposed on creditors along the entire credit hierarchy in order to recapitalize banks" Long said...
"Gains in carmakers and technology companies carried markets in Europe staving off an extended slump that would have sapped confidence even more than it already has" analyst Justino Calaycay of Accord Capital Equities Corp. said
"The full integration of the two banks will be completed in two years at an integration cost of about P1.5 billion. Even with this inevitable cost, and with the revenue enhancements arising from the merger synergies and the recently crafted five-year strategic plan for the merged bank" Mier told stockholders during PNB's annual meeting today
"The implementation of the new excise taxtax law in January 2013 necessitated significant increases in the selling prices of alcohol and tobacco products which adversely affected sales volumes from these sectors" LTG said

More Content

All (85) | News (84) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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Special rates for PNB cardholders [Published Philippine Star - Jun 17 2013]
Ratings upgrade impacts returns on savings: exec [Published Sun Star Network - Jun 12 2013]
PSE confirms Tan shopping for buyer for PAL stake [Published Philippine Star - Jun 11 2013]
SMC: Lucio Tan eyeing other buyers for PAL stake [Published Philippine Star - Jun 10 2013]
COCKTALES | Mayday? Mayday? Lucio Tan presses e... [Published Interaksyon - Jun 09 2013]
SMC takes over PAL, buys out LT Group [Published Philippine Star - Jun 08 2013]
SP approves P198M provincial devt fund [Published Visayan Daily Star - Jun 07 2013]
SP okays P243.6M for cyber center [Published Visayan Daily Star - Jun 06 2013]
PAL to remain listed – Ang [Published Philippine Star - Jun 05 2013]
Tobacco farmers want an increase in... [Published Bulatlat.com - Jun 05 2013]
Inspiring Stories of Agri-Entrepreneurs [Published Mindanao Times - Jun 04 2013]
LT Group raises P37.72B, sets record breaking P... [Published Mindanao Times - Jun 04 2013]
Globe Telecom, Smart to automate decades-old ti... [Published Mindanao Times - Jun 04 2013]
Philippine bond market in 1Q grows as gov't bor... [Published Interaksyon - Jun 04 2013]
Methodology shift weighs on debt scores [Published Business World - Jun 03 2013]
Moody?s reviews PNB, RCBC?s subordinated debt r... [Published Balita.org - Jun 03 2013]
Local banks have sufficient capital–BSP [Published Business Mirror - Jun 03 2013]
PNB, RCBC up for Moody's review for possible do... [Published GMA News.tv - Jun 03 2013]
Moody's reviews debt ratings of PNB, RCBC for p... [Published ABS-CBN News - Jun 03 2013]
PAL won’t be folded into LT Group [Published Philippine Star - Jun 02 2013]
Tan not infusing 49% PAL stake in LT Group [Published Philippine Daily Inquirer - Jun 02 2013]
Tan excludes PAL from holding firm [Published Manila Standard Today - Jun 02 2013]
Eton Properties sets P10-B spending program thi... [Published Philippine Star - May 31 2013]
SMC, Lamco groups pay appeal fee for MRT-LRT ti... [Published Philippine Star - May 30 2013]
SP approves P160M supplemental budget [Published Visayan Daily Star - May 30 2013]
Local News: Gov to Obtain DBP Loans for Priorit... [Published Negros Daily Bulletin - May 30 2013]
PNB sees profit growing 15% [Published Manila Standard Today - May 29 2013]
PNB to refinance P10.5-B debts with LTNCD offer... [Published Philippine Star - May 28 2013]
PNB targets 15% annual growth [Published Malaya Business Insight - May 28 2013]
PNB stockholders approve increase in capital st... [Published Balita.org - May 28 2013]
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