November 24, 2014 4:27 AM ET

Banks

Company Overview of Philippine Bank of Communications

Company Overview

Philippine Bank of Communications provides commercial banking products and services in the Philippines. The company conducts its operations through Prosperity Banking, Convenience Banking, Enterprise Banking, Treasury, and Trust Group segments. It offers deposit products and services, including savings, checking, and time deposit accounts; and loans comprising commercial loans, industrial loans, foreign currency loans, rediscounting, specialized lending programs, export packing credit loans, trust receipt financing, consumer lending, guarantee programs, auto loans, home loans, and personal loans. The company also provides investment and wealth management products, such as trust products; and...

PBCom Tower

6795 Ayala Avenue corner V. A. Rufino Street

Makati City,  1226

Philippines

Founded in 1939

1,328 Employees

Phone:

63 2 830 7000

Key Executives for Philippine Bank of Communications

Philippine Bank of Communications does not have any Key Executives recorded.

Philippine Bank of Communications Key Developments

Philippine Bank of Communications Announces Unaudited Consolidated and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Philippine Bank of Communications Inc. announced unaudited consolidated and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter on consolidated basis, the company reported net interest income of PHP 821,313,000. Total operating income was PHP 987,025,000. Net income before tax was PHP 249,904,000. Net income attributable to equity holders of the parent company was PHP 205,835,000. For nine months on consolidated basis, the company reported net interest income of PHP 1,793,156,000. Total operating income was PHP 2,362,892,000. Net income before tax was PHP 552,235,000. Net income attributable to equity holders of the parent company was PHP 400,435,000. Net cash provided by operating activities was PHP 3,233,594,000. For the quarter on parent basis, the company reported net interest income of PHP 821,358,000 against PHP 409,133,000 a year ago. Total operating income was PHP 986,605,000 against PHP 792,130,000 a year ago. Net income before tax was PHP 250,775,000 against PHP 299,619,000 a year ago. Net income was PHP 206,674,000 against PHP 217,082,000 a year ago. Basic and diluted share were PHP 057 against PHP 072 a year ago. Net cash provided by operating activities was PHP 3,454,464,000 against PHP 4,011,400,000 a year ago. For the nine months on parent basis, the company reported net interest income of PHP 1,793,201,000 against PHP 1,183,864,000 a year ago. Total operating income was PHP 2,358,306,000 against PHP 3,265,757,000 a year ago. Net income before tax was PHP 548,941,000 against PHP 1,626,716,000 a year ago. Net income was PHP 397,108,000 against PHP 1,398,354,000 a year ago. Basic and diluted share were PHP 1.24 against PHP 5.15 a year ago. Net cash provided by operating activities was PHP 3,189,192,000 against PHP 5,124,863,000 a year ago.

the Philippine Bank of Communications Announces Board Changes

The Philippine Bank of Communications announced at the regular meeting of the Executive Committee of the Board of Directors accepted, with regrets, the resignation of Mr. Gregorio T. Yu as a member of the Committee, effective immediately. He resigned in order to focus on his other personal commitments. During the same meeting, the Executive Committee also appointed Michael Stephen H. Lao as PBCOM's assistant corporate secretary and corporate information officer. His appointment is effective immediately.

Philippine Bank of Communications Announces Management Changes

Philippine Bank of Communications announced that at the regular board meeting held on October 24, 2014, the company accepted the resignations of Mr. Tomas I. Alcantara and Ms. Teresita Ang See, effective October 24, 2014, as independent directors of company. They resigned in order to focus on their other business interests. The board then elected Ms. Roberto Z. Lorayes and Levi B. Labra to replace Mr. Alcantara and Ms. Ang See. The company also accepted resignation of Jovita D.S. Larrazabal, effective October 24, 2014 as corporate secretary and corporate information officer. The board appointed ANgelo Patrick F. Advincula to replace Larrazabal as corporate secretary and corporate information officer. The board appointed Mr. Leonardo B. Dayao as one of the board's vice-chairman.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 15, 2014
--
Private Placement
June 25, 2014
--
Merger/Acquisition
April 28, 2014
Banco Dipolog, Inc.
 

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