Philippine Bank of Communications provides commercial banking products and services in the Philippines. The company conducts its operations through Prosperity Banking, Enterprise Banking, Treasury, Convenience Banking, and Trust Group segments. It offers deposit products and services, including savings, checking, and time deposit accounts; and loans comprising commercial loans, industrial loans, foreign currency loans, rediscounting, specialized lending programs, export packing credit loans, trust receipt financing, consumer lending, guarantee programs, auto loans, home loans, personal loans, and SME loans. The company also provides investment and wealth management products, such as trust pr...
6795 Ayala Avenue corner V. A. Rufino Street
Makati City, 1226
Founded in 1939
Philippine Bank of Communications Announces Management Changes, Effective from June 1, 2015
May 27 15
Philippine Bank of Communications announced the resignation of Henry Y. Uy as Director/Acting President, effective June 1, 2015. The company announced the appointment of Patricia May T. Siy as Director, President & CEO, effective June 1, 2015.
Philippine Bank of Communications Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015
May 18 15
Philippine Bank of Communications reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported interest income of PHP 827,242,000 compared to PHP 782,285,000 a year ago. Net interest income was PHP 569,098,000 compared to PHP 557,405,000 a year ago. Total operating income was PHP 835,403,000 compared to PHP 769,617,000 a year ago. Income before income tax was PHP 62,315,000 compared to PHP 112,006,000 a year ago. Net income attributable to equity holders of the parent company was PHP 17,700,000 compared to PHP 37,377,000 a year ago. Net cash provided by operating activities was PHP 2,909,579,000 compared to net cash used in operating activities of PHP 1,645,161,000 a year ago. Net increase in property and equipment was PHP 35,511,000 compared to PHP 219,990,000 a year ago.
For the quarter, on parent basis, the company reported interest income of PHP 772,029,000 compared to PHP 782,285,000 a year ago. Net interest income was PHP 527,043,000 compared to PHP 557,405,000 a year ago. Total operating income was PHP 767,187,000 compared to PHP 769,594,000 a year ago. Income before income tax was PHP 49,430,000 compared to PHP 111,982,000 a year ago. Net income was PHP 12,703,000 or PHP 0.06 per diluted share compared to PHP 37,353,000 or PHP 0.12 per diluted share a year ago. Net cash provided by operating activities was PHP 3,119,548,000 compared to net cash used in operating activities of PHP 1,645,161,000 a year ago. Net increase in property and equipment was PHP 33,735,000 compared to PHP 219,990,000 a year ago. Return on average asset was 0.02%. Return on average equity was 0.24%.
Philippine Bank of Communications Announces Earnings Results for the Year 2014
Apr 17 15
THE PHILIPPINE Bank of Communications announced earnings results for the year 2014. For the year, the company reported PHP 111.512 million net earnings down from the PHP 1.633 billion, pre-consolidated net income it posted in 2013. total interest income decreased by PHP 214.158 million to PHP 3.130 billion last year from the PHP 3.344 billion it booked in 2013. Net interest income, however, improved by 13.30% to PHP 1.946 billion in 2014 from PHP 1.718 billion previously. Decrease in income was primarily brought about by lower trading and securities gains by 96% or PHP 1.479 billion due to current market conditions and the resulting absence of trading income opportunities.