July 28, 2017 11:23 AM ET

Banks

Company Overview of Philippine Bank of Communications

Company Overview

Philippine Bank of Communications provides commercial banking products and services in the Philippines. The company operates through Branch Banking Group, Corporate Banking Group, Treasury, Consumer Finance, and Trust and Wealth Management 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 loans, specialized lending programs, export packing credit loans, trust receipt financing, consumer lending, and guarantee programs, as well as auto, home, personal, and SME loans. The company also provides investment and wealth management products, such as ...

PBCom Tower

6795 Ayala Avenue corner V. A. Rufino Street

Makati,  1226

Philippines

Founded in 1939

1,132 Employees

Phone:

63 2 830 7000

Key Executives for Philippine Bank of Communications

Philippine Bank of Communications does not have any Key Executives recorded.

Philippine Bank of Communications Key Developments

Philippine Bank of Communications Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2017

Philippine Bank of Communications announced unaudited consolidated and parent earnings results for the first quarter ended March 31, 2017. For the quarter, on consolidated basis, total interest income was PHP 988,773,000 compared to PHP 843,400,000 a year ago. Net interest income was PHP 740,906,000 compared to PHP 590,030,000 a year ago. Total operating income was PHP 1,003,873,000 compared to PHP 864,330,000 a year ago. Net income before tax was PHP 223,014,000 compared to PHP 84,919,000 a year ago. Net income attributable to parent equity holder was PHP 146,753,000 compared to PHP 28,168,000 a year ago. Net cash used in operating activities was PHP 1,307,914,000 compared to PHP 1,546,456,000 a year ago. Book value per share was PHP 25.51 as on March 31, 2017 against PHP 25.33 as on December 31, 2016. Basic and diluted earnings per share were PHP 1.96 compared to PHP 0.38 a year ago. Net increase in property and equipment was PHP 42,306,000 against PHP 105,183,000 a year ago. Return on average assets was 0.68%. Return on average equity was 5.42%. For the quarter, on parent basis, total interest income was PHP 931,602,000 compared to PHP 769,945,000 a year ago. Net interest income was PHP 698,989,000 compared to PHP 536,029,000 a year ago. Total operating income was PHP 936,219,000 compared to PHP 791,519,000 a year ago. Net income before tax was PHP 220,609,000 compared to PHP 76,453,000 a year ago. Net income was PHP 146,753,000 compared to PHP 28,168,000 a year ago. Basic earnings per share were PHP 1.96 compared to PHP 0.38 a year ago. Net cash used in operating activities was PHP 1,230,583,000 compared to PHP 1,782,269,000 a year ago. Net increase in property and equipment was PHP 37,208,000 against PHP 100,640,000 a year ago.

Philippine Bank of Communications Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2016

Philippine Bank of Communications reported consolidated and parent earnings results for the year ended December 31, 2016. For the year, the company registered, on group basis, net income attributable to parent equity holder of PHP 400,052,000, almost double its 2015 net income of PHP 203,301,000 based on equity method for parent and subsidiaries. Gross revenue was PHP 5,090,557,000 against PHP 5,208,463,000 a year ago. Net income before tax was PHP 634,701,000 against PHP 690,018,000 a year ago. Earnings per share, basic and diluted, were PHP 1.34 per share against PHP 0.68 per share a year ago. Return on Assets was 0.49% against 0.28% a year ago. Return on Equity was 4.06% against 2.52% a year ago. Book value per share was PHP 25.33 against PHP 24.37 a year ago. Net interest income was PHP 2,595,954,000 against PHP 2,325,968,000 a year ago. Total operating income was PHP 4,051,508,000 against PHP 4,234,397,000 a year ago. Net cash used in operating activities was PHP 3,948,523,000 against PHP 3,795,945,000 a year ago. Acquisitions of property and equipment was PHP 146,031,000 against PHP 146,276,000 a year ago. For the year, on parent basis, the company's net income was PHP 400,052,000 to PHP 203,301,000, cushioning the decline in net income of its subsidiaries. Net interest income was PHP 2,295,836,000 against PHP 2,084,248,000 a year ago. Total operating income was PHP 3,667,213,000 against PHP 3,866,901,000 a year ago. Net income before tax was PHP 606,278,000 against PHP 659,462,000 a year ago. Net cash used in operating activities was PHP 4,251,950,000 against PHP 3,593,529,000 a year ago. Acquisitions of property and equipment was PHP 136,227,000 against PHP 136,840,000 a year ago.

Philippine Bank of Communications Appoints John Howard D. Medina as Chief Operations Officer, Executive Vice President, with Effect from April 17, 2017

Philippine Bank of Communications announced that the appointment of John Howard D. Medina as Chief Operations Officer, Executive Vice President, with effect from April 17, 2017, at the board meeting held on March 29, 2017.

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