PNB Increases Stake at Japan-PNB Leasing

Philippine National Bank (PSE: PNB) increased its equity interest in Japan-PNB Leasing & Finance Corp. from 60% to 90% by acquiring IBJ Leasing Co. Ltd’s (IBJL) 25% share and Mizuho Corporate Bank’s 5% stake in the leasing company. IBJL remains as an active joint-venture partner with a 10% equity interest and one seat in the […]
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