Saturday, February 10, 2018

Philippine National Bank (PNB)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Philippine National Bank (PNB)
Sector
Financials
Incorporation Date
Jul 22, 1916
Subsector
Banks
Number of employees
8,357 (Group Total)
Board of Directors
Chairman: Florencia G. Tarriela, Director: Lucio C. Tan
Website / E-mail
http://www.pnb.com.ph / teds@pnb.com.ph
2. Stock Information
Total Assets
799,157,418,000
Market Capitalization
69,639,537,048.50
Total Liabilities
682,701,936,000
Outstanding Shares
1,249,139,678
Retained Earnings
35,211,747,000
Listed Shares
825,177,178
Listing Date
Jun 21, 1989
Issued Shares
1,249,139,678
Board Lot
10
Free Float Level (%)
21.03%
Par Value
40.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Caravan Holdings Corp.
Key Landmark Investments, Ltd.
Solar Holdings Corp.
True Success Profits Ltd.
5.38%
8.74%
5.38%
5.38%
4. Company Descriptions and Business Development
Notes
1. Related companies: LTG, PAL and MAC
2. Lucio C. Tan and Carmen K. Tan are spouses.
Lucio K. Tan, Jr. and Michael G. Tan are sons of Lucio C. Tan.
Harry C. Tan is the brother of Lucio C. Tan and Joseph T. Chua is the son-in-law of Lucio C. Tan.
Overview
It has 675 domestic branches/offices and 73 overseas branches. Around 7% of the total revenues are generated from foreign operations.


Business
Revenue contribution in 2016
NET INTEREST INCOME
NET SERVICE FEES AND COMMISSION INCOME
NET INSURANCE PREMIUM
OTHERS
19,566,502,000
2,655,431,000
374,128,000
8,563,128,000
63%
9%
1%
27%

OTHERS include sale of assets, F/X gain, trading gain, etc.

Subsidiaries / Associates / Affiliates / Joint Ventures
PNB Securities, Inc. (PNBSec, 100%)
PNB Forex, Inc. (PFI, 100%)
PNB Savings Bank (PNBSB, 100%)
Allianz PNB Life Insurance, Inc. (44%)
PNB Capital and Investment Corporation (PNB Capital, 100%)
Allied Leasing and Finance Corporation (“ALFC”, 57.21%)
Allied Commercial Bank (ACB, 99.04%) is located in China.
PNB International Investment (100%) owns remittance centers abroad.

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...