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TAN-owned Philippine National Bank (PNB) saw its net income more than double in the first three months of the year, propelled by hefty trading gains. A regulatory report attached to a disclosure last Tuesday showed the bank's profits reached P2.62
PhilippinesTycoon Lucio Tan has started the consolidation of his banking units into holding firm LT Group Inc. with the purchase of a 30.5-percent stake in Philippine National Bank, the surviving entity in the merger with Allied Banking Corp. In a
It recorded P320 billion in assets as of end-September last year, with Allied Bank registering P189 billion. Globe to resolve unauthorized use of each other's facilties Another blog post that won't make any money Should Apple be a $200 stock?
40pm Allied Banking Corp. (ABC) on Wednesday approved the merger date set by the Philippine National Bank (PNB) following a meeting by its board of directors. "We are pleased to inform that in a meeting held today, Jan. 23, the board of directors of
PhilippinesPhilippine National Bank, the banking arm of tycoon Lucio Tan, may take in a strategic investor only after completing its merger with Allied Banking Corp. within the next 18 to 24 months. Acting PNB president Omar Mier said any merger and
PhilippinesTaipan Lucio Tan has hurdled the remaining local and foreign regulatory approvals needed to execute the much-awaited merger between his banking arms Philippine National Bank and Allied Banking Corp. by next month. The Financial Services
PhilippinesThe Lucio Tan group has sold its niche US banking platform, San Francisco-based banking unit Oceanic Bank, to First National Bank of Northern California (FNB Bancorp) while working on the consolidation of local banking interests. The U.S.
Sybase 365 , a subsidiary of Sybase, Inc., the global leader in mobile messaging and mobile commerce services, together with AbacusConsulting, one of Pakistan 's largest professional services firms, today announced that Allied Bank Limited, one of
TAN-led banks Philippine National Bank (PNB) and Allied Banking Corp. saw their bottom lines dramatically improve in the first quarter as a result of hefty gains from securities trading. PNB posted a net income of P1.169 billion as of end-March,
Moody's Investors Service on Thursday maintained its ratings for both Allied Banking Corp. (Allied Bank) and Philippine National Bank (PNB) citing the banks' stable position in the market...Moody's opinion of a bank's safety and soundness based on