PNB - updates

Rappler's latest stories on PNB


SC: Lucio Tan's PNB should not deposit $4.6M until Marcos case resolved

Oct 30, 2019 - 6:49 PM

The First Division makes it clear, however, that the government has not lost the money yet, as it is an issue still pending in a Marcos civil forfeiture case

The Philippine National Bank is owned by the Lucio Tan group

COA tells PCGG: Compel PNB to submit documents supporting P157-M expenses

May 23, 2019 - 2:29 PM

The state auditors want to verify some $2.98 million disbursements made against the $5-billion recovered ill-gotten wealth of the Marcos family

Lucio Tan to merge PNB, PNB Savings Bank

Sep 28, 2018 - 8:18 PM

The banks, once merged would have an asset base of P932.7 billion

Sereno calls out lawyer for ‘untrue’ accusation of delay in solving case

Dec 14, 2017 - 4:17 PM

Lawyer Eligio Mallari wants the House justice committee to include his land dispute case in the impeachment proceedings against Sereno

VACC. The Volunteers Against Crime and Corruption is seeking the impeachment of Supreme Court Chief Justice Maria Lourdes Sereno. Photo by Bea Cupin/Rappler

Allianz PNB Life Insurance partners with HSBC for distribution

Jul 05, 2017 - 9:35 PM

The first product of the tie up is a single pay investment linked life insurance plan that gives access to the Allianz Global Investors Fund

Lucio Tan's LT Group sets P10 billion capital spending in 2016

Jun 21, 2016 - 7:30 PM

LT Group has a generally positive outlook for 2016 as it eyes new growth drivers to surpass 2015 s P6 6 billion net income

SPENDING. LT Group Incorporated, the listed holding company of tycoon Lucio Tan (3rd from left) is spending close to P10 billion in capital expenditures for this year. File image from Absolut Distillers Incorporated

Binay, Robredo transition teams meet

Jun 09, 2016 - 8:53 PM

The office of Vice President Jejomar Binay leaves more than enough funds for his successor Leni Robredo to push for her advocacy

6 things we know about RCBC money-laundering scam

Apr 02, 2016 - 10:00 AM

Since the Anti Money Laundering Council started its probe into the heist on February 19 a lot has happened – from confessions to resignations

UNLEASHES. More leads surface as key witness Kim Wong faces the Senate, steering authorities to the location of the stolen money and two alleged main players in the money-laundering case. Photo by Alecs Ongcal/Rappler

Italy cracks down on Philippine remittance agencies

Mar 31, 2016 - 6:13 PM

UPDATED In December 2014 RCBC s remittance company in Italy faced a hefty fine of 74 445 10 for its failure to comply with the country’s stringent anti money laundering enforcement

DISASTROUS. Finance Secretary Cesar Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double.

DOF fears closure of remittance shops abroad amid $81M heist

Mar 30, 2016 - 11:32 PM

A recruitment and migration expert says he was told by Task Force OFW in Italy that RCBC and BPI closed their remittance shops in Rome and Milan early 2016

DISASTROUS. DOF's Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double

Casino junket operator gives new leads in Bangladesh bank heist

Mar 30, 2016 - 9:56 AM

More leads surface as key witness Kim Wong faces the Senate steering authorities to the location of the stolen money and two alleged main players in the money laundering case

DENIES. Kim Wong tells senators he does not know where the $81 million came from. Photo by Alecs Ongcal/Rappler

PhilRem, Kim Wong differ on missing $17-M Bangladesh Bank funds

Mar 29, 2016 - 8:09 PM

UPDATED Wong also vehemently denies any link to the money laundering scandal telling senators he does not know where the 81 million came from

KIM WONG. Appearing before the Senate, Kim Wong denies any links to money laundering operations. Photo by Alecs Ongcal/Rappler

Germany's Allianz acquires 51% of PNB Life Insurance

Dec 22, 2015 - 7:00 PM

The joint venture company will operate under the name Allianz PNB Life Insurance Incorporated

JOINT VENTURE. The closing of the transaction between Allianz and PNB Life Insurance Incorporated is still subject to regulatory approvals.

Supreme Court justice a party to unpaid P20-million loan

Jul 08, 2015 - 10:30 AM

EXCLUSIVE: Will now Supreme Court Justice Presbitero Velasco be asked to pay for a multi million peso loan he endorsed 18 years ago?

Lucio Tan-owned PNB nets P5.5B in 2014

Apr 17, 2015 - 3:34 PM

The Philippine National Bank also embarks on a rebranding program in a bid to maintain existing clientele and attract new younger customers

Banks announce Holy Week schedule

Mar 31, 2015 - 12:38 PM

Clients are encouraged to fulfill their banking transactions ahead of the long weekend

Banks to shorten operations on Dec 24

Dec 23, 2014 - 11:39 AM

Here is a list of bank branches with shortened operations on December 24

Anti-graft court's Top 10 cases involve billions of pesos

Jul 06, 2014 - 6:00 PM

The P4 098 billion plunder case vs former president Joseph Estrada tops the list of Sandiganbayan cases with the highest sums involved

PNB to bid for UCPB

Jun 09, 2014 - 5:33 PM

The Lucio Tan owned bank is also considering acquiring two unnamed thrift banks

PCGG welcomes Singapore court decision on Marcos' Swiss funds

Jan 04, 2014 - 11:34 PM

3 other claimants to the Swiss fund do not convince Singapore s top court that they are legally or beneficially entitled to the funds

PNB WINS. The Philippine National Bank gets the legal title to former President Ferdinand Marcos' ill-gotten wealth. File photo by AFP.

PNB offers deposit notes

Jul 25, 2013 - 2:04 PM

The bank says proceeds will be used to fund its expansion and grow its capital base

PNB may sell shares to boost capital

Jun 19, 2013 - 5:39 PM

PNB wants to shore up capital ahead of Basel 3 a more stringent international regulatory framework for banks

Ombudsman: Why was PNB-Allied merger OKd?

Mar 07, 2013 - 4:40 PM

The Ombudsman orders regulators BSP SEC and PDIC to answer a criminal complaint against their approval of the Allied Bank and PNB merger

After PNB-Allied merger: Omar Mier named bank president

Feb 11, 2013 - 9:33 AM

The newly merged banking units of tycoon Lucio Tan s business group announced new leaders

Last minute case filed to stop Lucio Tan banks' Feb merger

Jan 31, 2013 - 5:50 PM

The defendants said the merger should not proceed because they are still contesting Tan s ownership of Allied Bank shares

PNB-Allied merger set for February 9

Jan 22, 2013 - 3:57 PM

PNB s board of directors approved the date in a recent special meeting

PNB, Allied to merge in Feb after getting final OK

Jan 18, 2013 - 4:29 PM

Philippine National Bank will finally merge with affiliate Allied Banking Corp by February after hurdling the remaining stumbling blocks to the transaction

No deal? BPI, PNB talks pass Dec. 15 deadline

Dec 17, 2012 - 2:25 PM

The exclusivity period for the talks between the shareholders of BPI and PNB lapsed last December 15

NO DEAL? The negotiations between BPI and PNB for a merger deal would have created the Philippines' largest lender by assets, beating BDO

PNB-Allied-BPI merger to lift Lucio Tan banks' credit rating - Moody's

Nov 26, 2012 - 6:41 PM

Lucio Tan owned Philippine National Bank PNB and Allied Banking Corporation ABC are bound to improve their credit rating under a merger with Ayala owned Bank of the Philippine Islands BPI

TOP PH LENDER? BPI and PNB are in talks for a merger deal that will create the Philippines' largest lender by assets, beating BDO

Ayala hopes to finalize PNB deal before 2012 ends

Nov 23, 2012 - 6:10 PM

Ayala Corp says they are reviewing the terms and conditions of a planned merger between unit BPI and Lucio Tan s PNB

PNB says Q3 profit up 92.5%; no approval of BPI deal yet

Nov 23, 2012 - 11:05 AM

PNB reports a 92 5 jump in its third quarter net income to P3 8 billion boosted by higher trading gains

Ayala, Lucio Tan groups in talks to create top PH bank

Nov 21, 2012 - 11:11 AM

The Ayala group s Bank of the Philippine Islands confirms a newspaper report that it is in talks with the Lucio Tan group for a majority stake in Philippine National Bank

TOP PH LENDER? BPI and PNB are in talks for a merger deal that will create the Philippines' largest lender by assets, beating BDO

BSP approves merger of Lucio Tan-led PNB, Allied Bank

Aug 15, 2012 - 9:42 AM

PNB will be the surviving entity and It will create the country s 4th largest privately owned bank

PNB-Allied Bank merger gets PDIC okay

Jul 26, 2012 - 11:20 AM

The approval will pave the way for the long awaited deal which will create the country s 4th largest privately owned bank

PNB-Allied Bank merger 'coming soon' - official

Jul 22, 2012 - 9:55 AM

The long awaited but legally challenged merger of Lucio Tan controlled financial groups Philippine National Bank PNB and Allied Banking Corporation is coming soon

PNB president goes on 'indefinite' sick leave

Jul 17, 2012 - 5:17 PM

Philippine National Bank PNB disclosed to the exchange Tuesday July 17 that its president and CEO Carlos A Pedrosa has gone on an indefinite sick leave

PNB-Allied Bank merger a go after court favored Lucio Tan?

Jun 13, 2012 - 7:22 PM

The case against tycoon Lucio Tan has been dismissed by the Sandiganbayan potentially paving the way for the merger of PNB and Allied Bank

Lucio Tan-led PNB, Allied Bank eye merger by Q2

Mar 06, 2012 - 6:30 PM

The long delayed merger of two Lucio Tan led commercial banks PNB and Allied Bank is expected take effect in the 2nd quarter of 2012

Prosecution: Corona bank records next

Jan 25, 2012 - 1:35 PM

Bank officials will also be summoned if the prosecution gets its way

Request for Subpoenae