Philippine National Bank is a major Filipino bank based in Pasay in the Philippines.

History and Heritage

The bank was established by the Philippine government on July 22, 1916, during the American Era. It became the first universal bank in the Philippines in 1980 and was acquired by tycoon Lucio Tan after it was privatized by the government in 1989. On February 9, 2013, the PNB–Allied Bank merger was completed, with Philippine National Bank as the surviving brand, making the merged bank the fourth largest private domestic bank.

Network and Operations

The bank has 713 domestic branches and more than 1,400 ATMs. PNB has more than 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. As of 2023, PNB is the seventh largest bank in the Philippines by assets.

Banking Services and Products

PNB offers products such as deposit accounts, loans, trade financing, foreign exchange dealings, and asset management. Its products include deposit-taking, lending, bill discounting, foreign exchange dealing, investment banking, and fund transfer. The company also offers merchant banking, remittance servicing, non-life insurance, leasing, stock brokerage, foreign exchange trading, and related services. The bank serves a diverse customer base, including corporations, small and medium enterprises, retail customers, and government units.

Subsidiaries and Affiliates

PNB Capital and Investment Corporation is a wholly-owned subsidiary of the Bank that is licensed by the SEC to operate as an investment house. Its principal business is to provide investment banking services which include debt and equity underwriting, private placement, loan arrangement, loan syndication, project financing and general financial advisory services, among others. ACB is a full-service commercial bank specializing in international trade finance and loans to micro, small and medium-sized industries/enterprises.