PNB Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-30 17:22

Abstract：Philippine National Bank (PSE: PNB), the country‘s first universal bank, is the fourth largest privately-owned Philippine commercial bank. PNB was established by the Government of the Philippines in 1916 and became fully privatized in 2007. As an instrument of economic development, PNB led the industry through the years with its agricultural modernization program and trade finance support for the country’s agricultural exports. In addition, the Bank pioneered efforts in the Overseas Filipino Worker (OFW) remittance business and introduced many innovations such as Bank on Wheels, computerized banking, Automated Teller Machine (ATM) banking, mobile money changing, domestic travelers checks, electronic filing and payment system for large taxpayers, and Unit Investment Trust Fund (UITF) ATMs. PNB has the largest number of overseas offices and one of the largest domestic branch networks among local banks. To date, the Bank has a total domestic footprint of 703 branches and more than 1,500 A

　　General Information

　　Philippine National Bank (PSE: PNB), the country‘s first universal bank, is the fourth largest privately-owned Philippine commercial bank. PNB was established by the Government of the Philippines in 1916 and became fully privatized in 2007. As an instrument of economic development, PNB led the industry through the years with its agricultural modernization program and trade finance support for the country’s agricultural exports. In addition, the Bank pioneered efforts in the Overseas Filipino Worker (OFW) remittance business and introduced many innovations such as Bank on Wheels, computerized banking, Automated Teller Machine (ATM) banking, mobile money changing, domestic travelers checks, electronic filing and payment system for large taxpayers, and Unit Investment Trust Fund (UITF) ATMs. PNB has the largest number of overseas offices and one of the largest domestic branch networks among local banks. To date, the Bank has a total domestic footprint of 703 branches and more than 1,500 ATMs strategically located nationwide. PNB maintains its position as the Philippine bank with the most extensive international reach with more than 71 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America.

　　Services Offered

　　PNBs principal commercial banking activities include deposit-taking, lending, bills discounting, trade finance, foreign exchange dealings, fund transfers, remittance servicing, asset management, a full range of retail banking and trust services, and treasury operations. Through its subsidiaries and affiliate, the Bank also engages in full banking services in China and the United Kingdom; banking services in Hong Kong; and a number of diversified financial and related businesses such as remittance servicing in the United States, Canada, and Hong Kong; investment banking; life and non-life insurance; stock brokerage; and leasing and financing services.

　　Customer Support

　　The PNB customer Support team can be reached through telephone: (632) 8573-8888,email: customercare@pnb.com.ph PNB address: Philippine National Bank Financial Center Pres. Diosdado Macapagal Boulevard, Pasay City, Philippines 1300