About Philippine National Bank

Philippine National Bank (PNB) provides various banking and financial products and services. The bank has a distribution network of domestic branches and offices and automated teller machines (ATM) in the Philippines. In addition, it has the widest international footprint among Philippine banks spanning Asia, Europe, the Middle East and North America with its overseas branches, representative offices, remittance centers and subsidiaries. Product and Services PNB, through its Head Office and domestic branches/offices, ATMs nationwide and overseas branches, representative offices, remittance centers and subsidiaries, provides a full range of banking and financial services to corporations, small and medium markets, retail customers, various government units and agencies. The bank's principal commercial banking activities include deposit-taking, lending, trade financing, foreign exchange dealings, bills discounting, fund transfers/remittance servicing, asset management, treasury operations, comprehensive trust services, retail banking and other related financial services. Its banking activities are undertaken through the following groups within the bank, namely: Retail Banking Sector The core business of the Retail Banking Sector (RBS) principally focuses on the bank's deposit-taking activities by offering a wide array of deposit products and services, such as peso accounts and its variants like interest-bearing savings and time deposit accounts, current accounts, and the U.S. dollar and other third-foreign currency accounts. The RBS also provides its broad customer base with other retail products, such as credit cards, consumer loans, remittance services, and other bank services. While the main purpose is the generation of lower cost funding for the bank's operations, RBS also concentrates on the cross selling of trust products, treasury products, and bancassurance products (both life and nonlife) to existing customers, as well as referrals of customers by transforming its domestic and overseas branch distribution channels into a sales-focused organization. Cards and Payments Solutions Group The Cards and Payments Solutions Group (CPSG) provides convenient, safe and secure cashless payment solutions and offers. Its wide range of products under the major payment schemes, Mastercard, Visa and UnionPay includes credit, debit, prepaid cards and installment loans. These cater to the diverse and dynamic needs of the bank's retail and corporate clients. CPSG is also responsible for forging new partnerships, onboarding of merchants and strengthening its relationships for in-store and online promotions, as well as installment programs. Moreover, CPSG continuously develops its digital app offerings to ensure that customers get the best experience using their PNB Cards. Retail Lending Group The Retail Lending Group (RLG) serves as the bank's consumer lending arm following the full integration of its wholly owned thrift bank subsidiary, PNB Savings Bank, into the bank in March 2020. RLG provides consumer loans, such as auto loan, real estate loan and contract-to-sell facility. International Banking and Remittance Group The International Banking and Remittance Group (IBRG) covers the bank's overseas offices across Asia, the Middle East, North America, and Europe. As part of RBS, the bank and its subsidiaries (the 'Group') ensures that overseas Filipinos are provided with an array of services to suit their needs - from convenient and safe remittance to full banking services in selected jurisdictions, bills payment, deposit account opening, corporate credit and trade, and consumer financing with the Own a Philippine Home Loan (OPHL), which makes it easier even for non-Filipinos to acquire their dream homes in the Philippines. IBRG likewise provides services to sea-based OFWs (Overseas Filipino Workers) via payroll processing through manning agency clients. IBRG is also responsible for establishing and strengthening partnerships with remittance agents and tie-ups to further extend the bank's market reach beyond its brick-and-mortar presence worldwide. Institutional Banking Sector The Institutional Banking Sector (IBS) is the primary lending arm responsible for the establishment, expansion, and overall management of the bank's relationships with its corporate clients. The Corporate Banking Group supports the Sector's large corporate clients, while the Commercial Banking Group oversees relationships with middle market and SME customers located in Metro Manila and provincial areas. Both groups capitalize on growth opportunities with clientele in resilient industries, such as infrastructure, power, utilities, and e-commerce, among others. IBS also contributes significantly to the incremental growth in the bank's deposits and fee-based income through value-adding services offered by the Institutional Transaction Banking Group (ITBG). The bank's Ecosystem Division and Cash Management Solutions Division were consolidated into ITBG to capture the entire value chains and nurture anchor clients through a network of tailor fit, end-to-end financial solutions which consist of cash management, credit programs, and trade services. The Sector's Structuring and Execution Division (SED) has been key to nursing commercial accounts impacted by the protracted pandemic and supply chain crises. SED is also tasked to undertake special projects and various functions, such as spearheading Environmental, Social and Governance (ESG) initiatives for the Sector and providing assistance for accounts that require more intensive workouts or cashflow analysis, among others. Global Banking and Markets Sector The Global Banking and Markets Sector (GBMS) oversees the management of the bank's liquidity and regulatory reserves, as well as risk positions on interest rates and foreign exchange arising from its inherent daily operations in deposit-taking, lending, and proprietary trading. Likewise, GBMS provides a wide range of banking products and services to corporations, governments, financial institutions, and individuals. Its functions include developing the bank's wealth management proposition by providing corporate and high-net-worth individuals access to the financial markets. In addition, GBMS builds partnerships with banks and non-bank financial institutions by offering them banking solutions to address their needs and help attain their objectives. Moreover, GBMS ensures the availability of alternative funding sources for the bank through trade advance facilities of foreign banks and multilateral funding sources. Trust Banking Group PNB Trust Banking Group manages a total of 11 local and 2 global Unit Investment Trust Funds (UITF) to address the investment requirements of various clients, from the ultra-conservative investors to the more aggressive clients who are willing to take bigger risks in their investments. These funds are managed by a team of professional fund managers who have a wealth of training and experience under their belts. As one of the pioneers in the trust banking business, PNB has a wide clientele base of retail, corporate and institutional clients who benefit from its wide array of trust banking products and services, large distribution network, professional expertise, and sound investment strategies. It is considered as one of the strongest trust entities in the industry on fiduciary services, such as Escrow and Transfer Agency. Its personal trust products and services include personal management trust, investment management and estate planning. Corporate trust services and products include corporate trusteeship, portfolio management and administration of employee benefit plans, pension and retirement plans. Digital Innovations Group The Digital Innovations Group is tasked to drive the consumer digital strategy of PNB, working with business lines and subsidiaries, support groups and the Information Technology Group (ITG) to provide innovative digital experiences and products for retail consumers. The group provides end-to-end digital business and product development, covering market scoping and assessment, ideation of business models, customer experience definition, and coordination with marketing and business groups to promote the acquisition of digital customers and usage of digital products. It is likewise tasked to execute, deliver and implement digital products and solutions, and manages and provides support to the bank's mobile, internet banking and other digital platforms, in coordination with PNB ITG and external solutions providers. New Products and Services Bayad Aggregator Biller Integration The bank launched its pilot biller with real-time posting capability, Meralco RTP under the Bayad Aggregator. Through this, PNB Digital users are now able to pay their Meralco bills in real-time with a few taps on their mobile phones. Acceptance of SSS RTP Payments via OTC The bank, through the collaboration and integration efforts with Social Security System (SSS), was able to simplify payment acceptance and processing of SSS loans and contributions via OTC with the nationwide launch of the SSS real-time posting (RTP) payments. This also opens more opportunities for the bank to fulfill and upsell other PNB products and services to SSS in the digital space. CCAM 20k Machine Corporate Cash Accept Machine (CCAM) is an innovative variant of the deposit pick up facility where the bank through its partnership with a Service Provider (SP) installs a cash accept machine in the corporate client's premises. The first variant with 10,000 notes capacity was launched in February 2020. To support the higher volume of cash deposits from customers, the bank launched the CCAM with 20,000 notes capacity in 2022. PNB C@shNet Plus Mobile App The bank launched the PNB C@shNet Plus Mobile Application, the mobile version of the Corporate Online Banking Platform. The Mobile App promises a superior, convenient, and efficient way of doing online business transactions, such as account viewing, monitoring of accounts receivables, and initiation and approval of payments. CMS Client Onboarding via Webinars The bank's Cash Management Implementation Team began onboarding clients to the cash management facilities through webinars conducted multiple times in a month. Given the simpler and more intuitive user experience of the improved corporate internet banking platform of the bank (PNB C@shNet Plus), client onboarding can be performed outside of the traditional one-on-one implementation. In addition, participants may attend the webinar sessions more than once, should they need a refresher later. Corporate Employee Loan Program (CELP) Platform The Corporate Employee Loan Program (CELP) is a multipurpose loan facility offered to the employees and members of Accredited Anchor Client/Employer with recourse. Loan proceeds will be used for the acquisition of brand-new vehicles, purchase of house and/or lot and improvement, and other purposes. The platform helped the bank save at least 60 minutes (1 hour) of processing per application. With the automated process, the turnaround time of booking decreased from 5-10 days to 3 days. Top Booster Promo The bank launched the Top Booster Promo and is open to all New-to-Bank or Existing individual clients who are not employees of PNB and Corporate/Business Accounts without an existing loan availments with PNB, not part of the Lucio Tan Group of Companies, and not owned/held by the government, its political subdivisions, instrumentalities or a government owned and controlled corporation who are willing to maintain an incremental ADB for a period of six (6) months from date of enrollment and earn corresponding cash credits. UITF Mobile In response to the increasing usage and demand for mobile applications, PNB's Trust Banking Group began transitioning its UITF online facility to the PNB Digital Mobile App. The first module, which allowed existing UITF online clients to view their outstanding UITF investments, was publicly launched in July 2022. The second module was officially launched in November 2022, allowing clients to view their UITF redemption history. Soon, UITF clients will be able to enroll, subscribe, and redeem online through the PNB digital app. PNB has introduced this innovation in order to make every transaction or investment easier for its clients. Business Segments The company operates through Retail Banking, Corporate Banking, Treasury, and Other segments. Retail Banking This segment principally handling individual customer's deposits, and providing consumer type loans, credit card facilities and fund transfer facilities. Corporate Banking This segment principally handling loans and other credit facilities and deposit accounts for corporate and institutional customers. Treasury This segment principally providing money market, trading and treasury services, as well as the management of the Group's funding operations by use of Treasury bills, government securities and placements and acceptances with other banks, through treasury and wholesale banking. Other This segment includes, but not limited to, trust, leasing, remittances and other support services. Other support services of the company comprise operations and finance. History Philippine National Bank was founded in 1916. The company was incorporated in 1916.