philippine savings bank
(PSB:Philippines)
philippine savings bank (PSB) Snapshot
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Open
$131.20
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Previous Close
$141.00
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Day High
$135.00
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Day Low
$131.00
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52 Week High
05/2/13 - $145.00
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52 Week Low
06/22/12 - $82.00
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Market Cap
32.4B
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Average Volume 10 Days
23.3K
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EPS TTM
$10.86
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Shares Outstanding
240.3M
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EX-Date
06/13/13
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P/E TM
12.4x
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Dividend
$3.00
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Dividend Yield
2.26%
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Related News
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Philippine Savings Bank provides consumer and corporate banking, and treasury services for consumers, and corporate and institutional customers in the Philippines. It operates in Consumer Banking, Consumer Banking, Branch Banking, and Treasury segments. The company offers various deposit products, including ATM savings, regular passbook savings, passbook savings with ATM, regular checking, premium checking, U.S. dollar savings, U.S. dollar time, peso time, premium U.S. dollar time, overseas Filipino savings, debit master card, and Euro savings and time deposits. It also provides consumer loan products comprising auto loans, flexi personal loans, home loans, home credit lines, and home construction loans; and commercial loans, such as small and medium enterprise (SME) business credit lines, credit lines, SME term loans, standby credit line certification, domestic bills purchase lines, and domestic letters of credit/trust receipt lines. In addition, the company provides trust services, which consists of investment management accounts, escrow accounts, and living trust accounts; online banking services; prepaid mastercards; payment collection services; remittance services; e-credit facilities; and fund transfer services, overnight depository boxes, payroll services, safety deposit facilities, and SSS pensioner’s remittance programs, as well as money market, trading, and treasury services. As of March 20, 2013, it had a network of 221 branches and 538 automated teller machines. The company was incorporated in 1959 and is based in Makati City, the Philippines. Philippine Savings Bank is a subsidiary of Metropolitan Bank & Trust Company.
philippine savings bank (PSB) Key Developments
Philippine Savings Bank announced that the board of directors of the company in its meeting held on April 19, 2013, passed a resolution declaring a 7.5% regular cash dividend for the first quarter of 2013 amounting to PHP 180.19 million equivalent to PHP 0.75 per share, payable to all stockholders as of a record date to be fixed by the president after approval by the Bangko Sentral ng Pilipinas (BSP).
Philippine Savings Bank reported earnings results for the first quarter of 2013. For the year, the company reported net income of PHP 2.0 billion against PHP 0.546 billion in the previous year due to the gains from its investment portfolio and an outstanding growth in its loan portfolio. Net interest income reached PHP 1.5 billion with income from loans growing by 16% to PHP 1.9 billion.
Philippine Savings Bank has appointed Vicente R. Cuna, Jr. as its new president, replacing Pascual M. Garcia III. Mr. Garcia will retire from his post in the bank on April 19, 2013. He will officially turn over his post to Mr. Cuna during the PSBank board of directors' organizational meeting on April 19, 2013 after the bank's annual stockholders' meeting. Mr. Cuna is currently the Metropolitan Bank & Trust Co. (Metrobank) senior executive vice president. He served as PSBank's vice chairman and director from 2009 to 2011. Meanwhile, Mr. Garcia was PSBank's president since 2001. He also headed the Chamber of Thrift Banks, which is the umbrella organization of thrift banks in the country.
| Recently Viewed | |||
| PSB:PM | $135.00 PHP | -6.00 |  |
| Company | Last | Change | |
| No competitor information is available for PSB. | |||
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Industry Analysis
PSB
Industry Average
| Valuation | PSB | Industry Range |
| Price/Earnings | 8.1x |
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| Price/Sales | 3.1x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 8.1x |
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| TEV/Sales | NM | Not Meaningful |
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To contact PHILIPPINE SAVINGS BANK, please visit www.psbank.com.ph. Company data is provided by Capital IQ. Please use this form to report any data issues.
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