philippine national bank news
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PNB maps out 5-year growth plan, shelves merger talks with BPI for now
Manila :: Philippines | 21 days ago
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PhilippinesTycoon Lucio Tan-led Philippine National Bank is shelving merger talks with Bank of the Philippine Islands until such time likely in the next three to four years that it has become a bigger, better and stronger bank that could enter into a
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PNB grows on trading gains
Manila :: Philippines | 27 days ago
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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
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LT Group says Q1 net income up 53% to P5.8B y-o-y
Manila :: Philippines | 28 days ago
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In February, PNB merged with Allied bank. The new excise tax law implemented in January 2013 dented the earnings of Asia Brewery Inc. by 4.9 percent to P229 million. Tanduay Distillers also saw its earnings dip to P6.9 million from P184.6 million
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LT Group raises $793-M in biggest PHL share offering
Manila :: Philippines | 2 months ago
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At the end of the day, the company sold 1.6 billion shares at P20.5 each, putting the total offering's value at P32.8 billion ($793 million). The offer was marketed with a range of P18-P20.50 per share. LT Group priced the shares at P20.50 or at
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Lucio Tan's LT Group increases stake in PNB
Manila :: Philippines | 2 months ago
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37pm LT Group Inc. has increased its indirect ownership of the Philippine National Bank (PNB) through its investment in different companies that own shares in the bank...PNB, the holding company stated in the Form 23-B (Statement of Changes in
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Gov't lawyers ask SC to stop PNB-Allied Bank merger
Manila :: Philippines | 3 months ago
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Philippines Government lawyers asked the Supreme Court to stop the impending merger of the Philippine National Bank and the Allied Bank as part of its bid to recover alleged ill-gotten wealth of tycoon Lucio Tan. In a 20-page motion, the government
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LT Group says 2012 consolidated net profit up 31%
Manila :: Philippines | 4 months ago
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Likewise, as of end-Feb, the group increased its stake in Fortune Tobacco to 99.58 percent. The consolidation of Tan's tobacco, brewery, real estate and banking businesses under the group allows the the mother company to leverage emerging
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SSS business loans reach P189M in first year
Iloilo :: Philippines | 4 months ago
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Nine companies in the services, real estate and construction, and consumer commodities trading industry received corporate loans of P1 million to P43 million, said SSS assistant vice president for Lending and Asset Management Ma...SSS' commitment to
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LT Group further increases stake in PNB
Manila :: Philippines | 4 months ago
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Tan, has further consolidated its hold on banking unit Philippine National Bank (PNB) as it invested in Kenrock Holdings Corp., a firm that has a stake in the bank, LT Group said in a disclosure on Friday. Further to our disclosures dated July 31,
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Metrobank, HSBC analysts see 2013 remittances growing over 6%
Manila :: Philippines | 4 months ago
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Trinh Nguyen shares the view. With improved banking networks as well as robust demand from the Middle East and Asia, remittances are expected to grow in excess of 6 percent, she said. Nguyen expects remittances to accelerate in the this quarter,
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