Philippine National Bank - updates

Rappler's latest stories on Philippine National Bank

ARTICLE FINDER

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

SC clears Enrile, other Marcos cronies of graft over P108-M 'behest loan'

Jun 24, 2019 - 7:55 PM

The Supreme Court also clears Philippine National Bank branch managers as well as officers of the Tolong Sugar Milling Company Incorporated

SUPREME COURT. This shows the facade of the Supreme Court of the Philippines. File photo by Rappler

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


Asia Brewery to produce Tiger, Heineken beer locally this year

Jun 20, 2017 - 5:58 PM

We ll start producing Tiger beer first this year and then later move on to producing Heineken locally which we are trying for this year also says LT Group president Michael Tan

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.

VIRAL: Foreigners celebrate Pinoy Christmas in PAL ad

Dec 16, 2015 - 5:03 PM

One comment says No one celebrates Christmas like we Filipinos do

PINOY CHRISTMAS. An ad from Philippine Airlines shows foreigners singing 'Kumukutikutitap' while taking part in Filipino Christmas activities. Screengrab taken from video

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

OFW in Hong Kong: A mother's Christmas story

Dec 25, 2014 - 7:14 AM

OFW Miriam Carpio surprises her family this Christmas

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

ANZ, Mizuho Bank to help finance Ilocos wind project expansion

Jun 28, 2014 - 1:52 PM

With the new loan of 90 million for the project in the Energy Development Corporation says it is on track to complete the 87 MW Phase 1 of the project by fourth quarter 2014

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through additional loans from ANZ and Mizuho banks. Photo from EDC website

PNB, Security Bank to help finance Burgos wind project expansion

Jun 17, 2014 - 1:49 PM

The Lopez led EDC secures bank loans to partially finance the project raising total investment cost to 450 million

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through loans from PNB and Security Bank. Photo from EDC website

PNB to bid for UCPB

Jun 09, 2014 - 5:33 PM

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

Gov't gets P1.3B from Marcos Swiss funds

Feb 12, 2014 - 10:46 AM

PCGG chairman Andres Bautista announces that the money was transferred to the Philippine government two months after a court ruling in Singapore

WEALTH RECOVERED. File photo of Andres Bautista, Chairman of the Presidential Commission on Good Government (PCGG), 14 January 2014. Dennis Sabangan/EPA

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

Lucio Tan group consolidates PNB stake

Feb 12, 2013 - 4:17 PM

LT Group acquires 7 firms that own 22 72 of PNB the surviving entity in a recent merger with Allied Bank

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

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

Court awards Marcos' $23-M to PH bank

Aug 16, 2012 - 3:07 PM

Singapore s High Court rules more than US 23 M seized from the estate of ex dictator Ferdinand Marcos rightfully belongs to the Philippine National Bank

Philippine President Ferdinand Marcos during interviewed, 11 March 1985, with the Agence France-Presse at Malacanang Palace in Manila. FILE/AFP/ROMEO GACAD

Lucio Tan folds assets into one company

Jul 31, 2012 - 6:49 PM

The move is expected to provide easy access to funding create synergies in several areas and enhance shareholder value

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