Company Overview of Philippine Business Bank, Inc.
Philippine Business Bank, Inc., a savings bank, provides a range of banking products and services to individual and corporate clients in the Philippines. The company offers deposit and investment services, including current, savings, checking, automatic transfer, and payroll accounts; and time deposits. It also provides loan products and services, such as commercial, industrial, and developmental loans comprising bills purchases, term loans, omnibus and discounting lines, agricultural and bus loans, and floor stock/inventory financing services; trade finance services; specialized lending facilities for small and medium enterprises; contracts to sell financing facilities; and consumer loans, ...
350 Rizal Avenue Extension Corner
Caloocan City, 1400
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, Inc., Board Meeting, May 17, 2017
May 17 17
Philippine Business Bank, Inc., Board Meeting, May 17, 2017. Agenda: To consider the appointment of Mr. Jose Maria P. Valdes, as information technology group head / first vice-president of the bank, effective June 16, 2017.
Philippine Business Bank, Inc. Announces Earnings Results for the First Quarter of 2017; Reports Impairment Losses for the First Quarter of 2017
May 2 17
Philippine Business Bank, Inc. announced earnings results for the first quarter of 2017. For the first quarter, the company reported net interest income of PHP 682.7 million against PHP 589.4 million a year ago. Pre-tax pre-provision profit was PHP 234.6 million against PHP 209.2 million a year ago. Book value per share increased by 12.6% from PHP 15.3 to PHP 17.2. This was a direct result of the 11.7% growth of PBB's total equity ending the first quarter of 2017 at PHP 9.9 billion against the PHP 8.8 billion in the same period 2016. Net profit was PHP 159,704,413 or PHP 0.30 per basic and diluted share against PHP 162,032,631 or PHP 0.26 per basic and diluted share a year ago. Net cash from operating activities was PHP 1,678,093,433 against net cash used in operating activities of PHP 4,217,476,728 a year ago. Net acquisitions of bank premises, furniture, fixtures and equipment were PHP 30,999,399 against PHP 59,457,408 a year ago. Book value per share was PHP 17.2 against PHP 16.7 a year ago. Return on equity was 6.57% against 7.41% as at Dec. 31, 2016. Return on assets was 0.89% against 0.98% as at Dec. 31, 2016. Profit before tax was PHP 184,577,519 against PHP 204,155,545 a year ago.
For the quarter, the company reported impairment losses of PHP 50,000,000.
Philippine Business Bank, Inc. Announces Executive Changes
Apr 19 17
Philippine Business Bank, Inc. announced the appointment of Mr. Peter N. Yap, as chief operating officer/senior executive vice-president of the Bank, subject to confirmation and approval by the Bangko Sentral ng Pilipinas, effective April 24, 2017. The company also announced the promotion of Mr. Eduardo R. Que, from vice-president to first vice-president/head- corporate banking group I of the Bank, effective May 01, 2017.
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