PNB Reports Php6.3 Billion Net Income in 2015

Pasay–(PHStocks)–The Philippine National Bank (PSE: PNB) sustained its profitability in 2015 with consolidated net income increasing by 15% to P6.3 billion, driven by continued improvements on earnings from its core business particularly net interest income and net service fees and commissions. During the year, PNB’s net interest income, comprising 67% of the total operating income, improved by  7% […]
Continue reading…

 

LTG Reports PhP6.6 Billion Net Income for 2015, 50% Higher Than 2014

Taguig—(PHStocks)—LT Group Inc. (PSE: LTG) has reported unaudited attributable net income of PhP6.6 billion for 2015, up by 50% year-on-year. Philippine National Bank (PSE: PNB) contributed PhP3.51 billion or 53% of total income. Asia Brewery Inc.’s (ABI) contribution added PhP1.10 billion or 17% of total, followed by the tobacco business at PhP1.04 billion or 16%. Tanduay Distillers […]
Continue reading…

 

PHStocks Exclusive: Top 40 Worst Finishers in 2015

Manila—(PHStocks)—Yesterday, we featured the top 40 best performing stocks in 2015. (You can see the list here). This time, we will list the top 40 “losing” stocks for the year. I won’t say they are the worst performers though. I am sure most of these companies have several ups during the past 12 months. However, […]
Continue reading…

 

PNB 9M 2015 Net Income Up 27% to PhP4.7B

Manila—(PHStocks)—Philippine National Bank (PSE: PNB) reported a net income of PhP1.1 billion for the third quarter of 2015, more than double its earnings of PhP505 million for the same period last year. The strong performance for the quarter was attributed to the 20% growth in operating income primarily core revenues as net service fees and […]
Continue reading…

 

PNB Announces Key Appointments

Manila—(PHStocks)—The Philippine National Bank (PSE: PNB) has appointed Bernardo “Bernie” H. Tocmo as the new Retail Banking Group Head with the rank of executive vice president (EVP). Tocmo brings with him 30 years of solid banking experience gained from an impressive career with the country’s top and mid-tier commercial banks. Prior to joining PNB, he was EVP and National Banking Sector […]
Continue reading…

 

LTG Posts PhP3.57B Net Income for 1H 2015

Taguig—(PHStocks)—LT Group Inc. (PSE: LTG) attributable net income for the first half of 2015 reached PhP3.57 billion, 65% more than the PhP2.16 billion earned during the first half of 2014. PNB’s attributable income contribution to LTG of PhP2.155 billion accounted for 60% of total. Asia Brewery Inc. (ABI) contributed PhP523 million or 15% of total, followed […]
Continue reading…

 

PNB Inks $150M Syndicated Loan

Manila—(PHStocks)—Philippine National Bank (PSE: PNB) successfully closed and signed a $150 million 3-year syndicated term loan facility with a large group of international and regional banks on Friday, 24 April 2015. Standard Chartered Bank acted as the sole Coordinating Bank and fully underwrote the $150 million Facility. The Facility was launched at $150 million and […]
Continue reading…

 

PNB Posts PhP5.5B Net Income in 2014

Manila–(PHStocks)–The Philippine National Bank (PSE: PNB) posted a net income of PhP5.5 billion in 2014, reflecting a 5% increase from its previous year’s level despite the challenging conditions in the local financial markets that caused the Bank’s trading gains to decline substantially by 72% to Php1.3 billion. Anticipating these developments, PNB beefed up its income […]
Continue reading…