Company Overview of Philippine Business Bank, Inc.
Philippine Business Bank, Inc., a savings bank, provides various banking and financial services in the Philippines. It operates through Consumer Banking, Corporate Banking, and Treasury Operations segments. The company offers deposits and investment services, including savings and checking accounts, automatic transfer accounts, payroll accounts, CASA, campus savers, time deposits, hi-green funds, Hi-5 TDs, and FCDU savings and time deposits. It also provides commercial, industrial, and developmental loans comprising bills purchase, term loans, omnibus line, discounting line, trade finance, agricultural loans, bus loans, and floor stock/inventory financing products, as well as specialized len...
350 Rizal Avenue Extension corner
Founded in 1997
Key Executives for Philippine Business Bank, Inc.
Philippine Business Bank, Inc. does not have any Key Executives recorded.
Philippine Business Bank, Inc. Key Developments
Philippine Business Bank Mulls Acquisitons
Jul 23 15
Philippine Business Bank, Inc. (PSE:PBB) is looking for acquisitions. PBB President and Chief Executive Officer Roland Avante said the bank would continue to look for growth opportunities and would explore options in support of the initiatives of the Bangko Sentral ng Pilipinas (BSP) to consolidate the industry through the Strengthening Program for Rural Banks. Avante said “We are exploring options in support of the regulatory initiatives to consolidate the industry and are looking at potential rural bank acquisitions so that PBB can enjoy benefits available as part of the SPRB,”
Philippine Business Bank, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015
May 15 15
Philippine Business Bank, Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company's interest income of PHP 776.8 million for the year, up 18.5% year-over-year. Net interest income was PHP 602.2 million, up 15.7% year on year. Core income up 8.0% year on year to PHP 220.4 million. Pre-tax pre-provision profit up 54.8% year on year to PHP 250.5 million. Net income at PHP 140.9 million, up 24.9% year on year.
Philippine Business Bank, Inc. Announces Earnings Results for the Full Year of 2014; Expects to Open 20 to 25 More Branches for the Rest of the Year
Apr 16 15
Philippine Business Bank, Inc. announced earnings results for the full year of 2014. For the period, the company reported interest income of PHP 2.835 billion for the year, up 27.1% year-over-year, net interest income of PHP 2.235 billion, up 29.0% year-over-year, full year net revenues up 35.9% year-over-year to PHP 2.507 billion, full year core income up 90.9% year-over-year to PHP 933.7 million, pre-tax pre-provision profit for 2014 down 25.8% year-over-year to PHP 968.5 million and net income at PHP 536.2 million, lower by 46.6% year-over-year. Net income before tax was PHP 778,644,337 compared to PHP 1,127,773,636 a year ago. Earnings per diluted share were PHP 1.1 compared to PHP 2.34 a year ago. Return on assets was 0.01% compared to 0.02% a year ago. Return on equity was 0.08% compared to 0.17% a year ago.
The company expects to open 20 to 25 more branches for the rest of the year. The growth in the bank's branch network has been a key factor in the growth of PBB.
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