April 24, 2018 1:08 PM ET

Banks

Company Overview of Philippine Business Bank, Inc.

Company Overview

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

8th Avenue

Grace Park

Caloocan City,  1400

Philippines

Founded in 1997

1,448 Employees

Phone:

63 2 363 3333

Fax:

63 2 363 0291

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. Announces Management Appointments

Philippine Business Bank, Inc. appointed Angeline Ann H. Hwang as Senior Vice-President, effective April 18, 2018. The company announced the promotion of Atty. Leonardo C. Bool from Assistant Vice-President to Senior Assistant Vice-President, effective April 18, 2018.

Philippine Business Bank, Inc. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2017

Philippine Business Bank, Inc. announced audited consolidated earnings results for the year ended December 31, 2017. For the period the company reported, gross revenue of PHP 3,881,469,895compared to PHP 3,207,154,576 a year ago. Non-operating income was PHP 387,078,872 compared to PHP 571,563,503 a year ago. Income before tax was PHP 913,333,494 compared to PHP 874,462,655 a year ago. Net income after tax was PHP 640,086,100 or PHP 0.99 per basic and diluted share compared to PHP 668,624,205 or PHP 0.92 per basic and diluted share a year ago. Book value per share was PHP 14.92 compared to PHP 13.9 a year ago. Return on assets was 0.73% compared to 0.95% a year ago. Return on equity was 6.26% compared to 6.99% a year ago. Net interest income growth of 22.9% Year-over-Year to PHP 3.0 billion from PHP 2.5 billion a year ago. Core income reached PHP 1,034.8 million as of year-end 2017 from 2016’s PHP 696.1 million, a 48.6% or a PHP 338.6 million increase year over year. The Bank's pre-tax pre-provision profit increased by 13.8% to PHP 1,173.9 million in 2017 against the PHP 1,031.5 million in 2016. Pro-forma profit before tax would have been PHP 973.3 million, 11.3% higher against the year- end 2016's PHP 874.5 million.

Philippine Business Bank, Inc. Proposes Amendment to the Articles of Incorporation and By-Laws

Philippine Business Bank, Inc. announced that at its AGM to be held on May 25, 2018, to propose amendment of the articles of incorporation and By-Laws of the bank.

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Recent Private Companies Transactions

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