Direct Remittance to Philippines
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Frequently Asked Questions on What Is Pesonet?
Frequently Asked Questions on What is PESONet? PESONet is a new electronic fund transfer service that enables customers of participating banks, e- money issuers or mobile money operators to transfer funds in Philippine Peso currency to another customer of other participating banks, e-money issuers or mobile money operators in the Philippines. It is more inclusive platform for Electronic Fund Transfers which will make G2B(Government-to- Business) and G2C(Government-to-Consumer) payments more practical, convenient, fast, and secure. What is the purpose of PESONet? Through PESONet, businesses, government, and individuals will be able to conveniently pay or transfer funds from their account to one or multiple recipient accounts in other financial institutions. PESONet is the perfect alternative to the still widely used paper-based check system. What are the features of PESONet? What are the uses of PESONet? How does PESONet work? Customers instruct their financial institution to send credit instructions to other financial institutions via online banking, mobile banking or over-the-counter transaction. They need to provide the payees’ financial institution, account number, and amount. The credit instruction is transmitted by the financial institution to the clearing switch operator, which currently is the Philippine Clearing House Corporation (PCHC). The funds are settled in the respective financial institutions demand deposit accounts held in Bangko Sentral ng Pilipinas (BSP) through BSP’s Philippine Payments and Settlement System (PhilPaSS). Upon settlement, the beneficiary’s or payee’s financial institution will credit the payee's account. How long does it take to transfer funds via PESONet? The availability of funds to the receiving account shall depend on the facility used to carry out your transaction. -
Managing in the New Normal
MANAGING IN THE NEW NORMAL 2020 ANNUAL REPORT Vision: ABOUT THE THEME CONTENTS To be the country’s consumer and retail bank of choice. Managing in the New Normal 01 About PSBank Mission: The coronavirus (COVID-19) pandemic has dramatically and irreversibly changed, not just 02 Message from the Chairman • As an INSTITUTION: To conform to the highest standards of integrity, professionalism and teamwork. the way we live, but also the way we bank. This unprecedented crisis is ushering in a “new 06 President’s Report • For our CLIENTS: To provide superior products and reliable, normal,” with digital technology playing a pivotal top-quality services responsive to their banking needs. role. Those previously reluctant to embrace 10 Financial Highlights • For our EMPLOYEES: To place a premium on their growth, technology now find themselves thrust into a and nurture an environment of teamwork where outstanding relationship with their laptops or mobile phones 12 Digital Ready performance is recognized. for work, education, health care, commercial transactions, and social interactions. 16 Safety First • For our SHAREHOLDERS: To enhance the value of their investments. At PSBank, putting the customer first has always 20 Employee & Customer Engagement been at the heart of our business strategy. Even before the pandemic, we have already been 22 Sustainability Commitment embarking on digital initiatives that would make ABOUT PSBANK every customer journey simple and maaasahan 26 Risk Management (reliable). This pandemic only deepened our Philippine Savings Bank (PSBank) is the thrift banking arm of the commitment to keep up with the new breed of 31 Audit Committee Report Metrobank Group, one of the largest financial onglc omerates in the “always-connected” customers and to deliver an Philippines. -
2020 PNB Annual Report
Panahon Ng Bayanihan 2020 Annual Report CONTENTS Financial Summary / Financial Highlights 1 Corporate Governance 58 Corporate Objective Sustainability Report 84 Vision-Mission 2 GRI Content Index 120 About the PNB Brand Board of Directors and Board Advisors 126 PNB Values Board of Directors 128 Business Model & Scope of Business 4 Board Advisors 136 Message from the Chairperson’s to Shareholders 6 Management Committee 138 Message from the President and CEO to Shareholders 8 The Bank’s Subsidiaries and Affiliate 145 Operational Highlights 10 Market Price of and Dividends on 147 Awards and Recognitions 26 PNB Common Equity Plans for 2020 27 Statement of Management’s Responsibility Message from the Board Audit and Compliance 28 for Financial Statements 149 Committee Chairman Independent Auditor’s Report 150 Message from the Board IT Governance 30 Statements of Financial Position 157 Committee Chairman Statements of Income 158 Message from the Board Oversight 32 Statements of Comprehensive Income 159 RPT Committee Chairman Statements of Changes In Equity 160 Message from the Board Strategy and Statements of Cash Flows 162 Policy Committee Chairman 29 Products and Services 164 Capital Structure and Adequacy 36 Management Directory 166 Message from the Risk Oversight Overseas Offices 166 Committee Chairman 39 Region and Area Heads 178 Risk Management Disclosure 40 Area Retail Lending Centers 179 Message from the Corporate Governance and PNB Domestic Subsidiaries and Affiliate 180 Sustainability Committee Chairperson 56 ABOUT THE COVER Annual Report 2020 Paper used: MOHAWK Navajo Smooth 216 gsm Bright White Philippine National Bank FSC-Certified reinforces its commitment as Paper meets the mark of responsible forestry a Partner Ng Bayan. -
09. Directors' Profiles
BOARD OF DIRECTORS FLORENCIA G. TARRIELA FELIX ENRICO R. ALFILER REYNALDO A. MACLANG FLORIDO P. CASUELA Age 69 Age 67 Age 78 Age 75 Nationality Filipino Nationality Filipino Nationality Filipino Nationality Filipino Education • Bachelor of Science in Business Administration Education • Bachelor of Science and Masters in Statistics, Education • Bachelor of Laws, Ateneo de Manila University Education • Bachelor of Science in Business Administration, Major in degree, Major in Economics, University of the University of the Philippines Accounting, University of the Philippines Philippines Current Position • President of the Bank • Masters in Business Administration, University of • Masters in Economics degree, University of Current Position • Vice Chairman/Independent Director in the Bank the Philippines in the Bank • Advanced Management Program for Overseas Bankers, California, Los Angeles, where she topped the Masters Date of First • February 9, 2013 (as Director) Comprehensive Examination Philadelphia National Bank in conjunction with Date of First • January 1, 2012 Appointment • May 27, 2014 (as President) Wharton School of the University of Pennsylvania Current Position • Chairman of the Board/Independent Director Appointment Directorship in • None Government Civil Service Eligibilities in the Bank Directorship in • None Other Listed Ř &HUWLƓHG3XEOLF$FFRXQWDQW(FRQRPLVW&RPPHUFLDO Companies Attaché Date of First • May 29, 2001 (as Director) Other Listed Appointment • May 24, 2005 (as Chairman of the Board) Companies Other Current • Chairman of PNB (Europe) Plc. Current Position • Director • May 30, 2006 (as Independent Director) Other Current • Chairman/Independent Director of PNB General Insurers Positions • Director of Allied Leasing & Finance Corporation, PNB in the Bank Positions Co., Inc. and PNB RCI Holdings Co., Ltd. Directorship in • Independent Director of LT Group, Inc. -
Philippine National Bank
Philippine National Bank Company Brief June 2019 Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 13 4 Awards & Citations 16 Page 2 About PNB . Philippine National Bank is one of the country’s largest private universal banks in terms of assets, loans and deposits. It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos. PNB has 712 branches and 1,552 ATMs strategically located nationwide. The Bank maintains its position as the Philippine bank with the most extensive international reach with 71 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first. Page 3 Products & Services . PNB provides a full range of quality products and services to a wide customer base: Branch Retail Institutional Trust & Treasury Remittance Banking Lending Banking Wealth Mgmt Services Services • Fixed .Sending/ • Deposit • Home Loans • Corporate & • UITFs Income Receiving Accounts • Auto Loans Middle • Personal Investments .Global • e-Banking • Salary Market Trust • Foreign Filipino Card Services Loans • Trade • Corporate Exchange .Overseas • Cash • SMEs Finance Trust Services Bills Management • OPHL • Financial • PNB Wealth • Interest -
Psbank 2019 Annual Report
REDEFINING JOURNEYS CROSSING ANOTHER DECADE 2019 ANNUAL REPORT ABOUT THE REPORT They say you can’t understand a person until you’ve walked a mile in his shoes. PSBank has been doing just that — walking the journey with its customers, understanding what motivates them in life, what they go through, what matters to them most, and how we can help them reach their dreams. Fifty-nine years ago, this used to be a simple task. Customers came to our branch for basic banking needs: to open an account, make a deposit, apply for a loan, or ask for a printed statement of account. With digital technology becoming ubiquitous, the customer journey is no longer just going from point A to B. Customers now demand access to their accounts through a channel of their choice — be it inside a branch, online, or on mobile. Our 2019 Annual Report chronicles how we are Redefining Journeys. We made changes in our processes and systems, harnessed data and technology, engaged our customers more actively, and embedded a service culture in our organization — all geared towards making a positive impact on our customers’ lives. Crossing another decade to our 60th year does not mean the end of the journey. PSBank will continue to evolve and innovate to remain relevant to our customers, now and in the future. CONTENTS 02 About PSBank 04 Message from the Chairman 08 President’s Report 12 Financial Highlights 14 A Year of Firsts 16 Redefining Structures 18 Digital is Staple 20 Marrying Customer and Employee Engagement 24 Risk Management 29 Audit Committee 30 Corporate Governance 46 Sustainability Report 48 Board of Directors 52 Senior Officers 58 Products & Services 60 Shareholders Information PHILIPPINE SAVINGS BANK 2019 ANNUAL REPORT I 01 ABOUT PSBANK Philippine Savings Bank (PSBank) is the second Proof that innovative banking has always been in largest thrift bank in the Philippines, with its corporate DNA, PSBank was the first bank to PhP224.91 billion in assets as of 2019. -
Remittance Bank List of Philippines Bank Name
Remittance Bank List of Philippines Bank Name AL AMANAH ISLAMIC INVESTMENT BANK ALLBANK ANZ BANK ASIA UNITED BANK BANK OF AMERICA BANK OF CHINA BOF, INC (A Rural Bank) - (BANK OF Florida) BANGKOK BANK PUBLIC CO LTD BDO - BANCO DE ORO BDO NETWORK BANK BDO PRIVATE BANK BOC - BANK OF COMMERCE BPI - BANK OF THE PHILIPPINE ISLANDS BPI FAMILY BANK BPI DIRECT BANKO CAMALIG BANK, INC (A Rural Bank) CEBUANA LHUILLIER RURAL BANK INC CHINA BANK CHINA BANK SAVINGS CTBC BANK ( FORMER CHINA TRUST) CIMB BANK PHILIPPINES, INC. CITIBANK DBP - DEVELOPMENT BANK OF THE PHILIPPINES DEUTSCHE BANK DUNGGANON BANK EAST WEST BANK EASTWEST RURAL BANK EQUICOM SAVINGS BANK INC FIRST CONSOLIDATED BANK HSBC - HONGKONG AND SHANGHAI BANKING CORPORATION HSBC SAVINGS BANK INDUSTRIAL BANK OF KOREA ING BANK N.V. ISLA BANK INC. KEB HANA (Korea Exchange Bank) JP MORGAN CHASE BANK LBP - LAND BANK OF THE PHILIPPINES MALAYAN BANK SAVINGS AND MORTGAGE BANK INC (MALAYAN SVGS) MAYBANK PHILIPPINES INC (PNB Republic) MEGA INTL COMML BANK CO LTD (ICBC) MIZUHO BANK LTD (FUJI BANK) MUFG BANK LTD (BANK OF TOKYO) PARTNER RURAL BANK (COTABATO) INC PBCOM - PHILIPPINE BANK OF COMMUNICATIONS PHIL BUSINESS BANK PHILIPPINE VETERANS BANK PHILTRUST CO (Philtrust Bank) PNB - PHILIPPINE NATIONAL BANK (Allied Bank) PRODUCERS SAVINGS BANK CORP PSBANK - PHILIPPINE SAVINGS BANK QUEZON CAPITAL RURAL BANK INC RCBC - RIZAL COMMERCIAL BANKING CORPORATION ROBINSONS BANK CORPORATION RURAL BANK OF GUINOBATAN INC (RBGI) SECURITY BANK CORPORATION SHINHAN BANK STERLING BANK OF ASIA SUMITOMO MITSUI BANKING CORP SUN SAVINGS BANK INC THE STANDARD CHARTERED BANK UCPB - UNITED COCONUT PLANTERS BANK UCPB SAVINGS BANK UNION BANK OF THE PHILIPPINES (City Savings Bank) UNITED OVERSEAS BANK PHILIPPINES WEALTH DEVELOPMENT BANK YUANTA SAVINGS BANK PHILS INC (Tongyang) . -
Philippine National Bank
Philippine National Bank Company Brief March 2019 Page 1 Company Introduction 3 2 Financial Highlights 9 3 Board of Directors & Senior Management 12 4 Awards & Citations 15 Page 2 About PNB . Philippine National Bank is one of the country’s largest private universal banks in terms of assets, loans and deposits. It provides a full range of banking and other financial services to its highly diverse clientele comprised of individual depositors, small and medium enterprises, domestic and international corporations, government institutions, and overseas Filipinos. PNB has 711 branches and 1,501 ATMs strategically located nationwide. The Bank maintains its position as the Philippine bank with the most extensive international reach with 73 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. Backed by over a century of stability and excellence, PNB looks forward to more years of serving its customers first. Page 3 Products & Services . PNB provides a full range of quality products and services to a wide customer base: Branch Retail Institutional Trust & Treasury Remittance Banking Lending Banking Wealth Mgmt Services Services • UITFs • Fixed .Sending/ • Deposit • Home Loans • Corporate & • Personal Income Receiving Accounts • Auto Loans Middle Trust Investments .Global • e-Banking • Salary Market • Corporate • Foreign Filipino Card Services Loans • Trade Trust Exchange .Overseas • Cash • SMEs Finance • Pinnacle Services Bills Management • OPHL • Financial Priority • Interest Rate Payment Solutions Institutions Banking Swaps . Through its subsidiaries and affiliate, the Bank also engages in: Investment Stock Insurance Leasing Banking Brokerage • Non-Life • Underwriting • Equities • Financial Insurance • Distribution of Trading leases • Life Insurance securities • Stock Market • Operating • Financial Research leases advisory • Receivable • Project finance discounting • Loan syndication Page 4 Major Milestones . -
2016 Annual Corporate Governance Report Of
http:l ledge.pse.com . ph/down loadHtm l.do?fi le id:3 5 3 8 t cR03925-2017 SECURITIES AND EXCHANGE COMMISSION SEC FORM ACGR ANNUAL CORPORATE GOVERNANCE REPORT 1. Report is Filed for the Year Dec 31,2016 2. Exact Name of Registrant as Specified in its Charter Philippine National Bank 3. Address of principal office PNB FinancialCenter, Pres. Diosdado Macapagal Blvd., Pasay City, Metro Manila PostalCode 1300 4.SEC ldentification Number 45096-005555 5. Industry Classification Code(SEC Use Only) 6. BIR Tax ldentification No. 000-188-209-000 7. lssue/s telephone number, including area code (632) 526-3131 to 70t(632) 891-6040 to 70 8. Former name or former address, if changed from the last report Not Applicable TheExchangedoesnot*",,",n,",,,anno,a",**,"o.,,,|o,,,,,|rtneveraatyofthefacts drsc/osureg including financial reports. All data contained herein are prepared and submifted by the disclosing pafty to the Exchange, and are disseminated solely for purposes of information. Any guesfions on the data contained herein should be addressed directly to the Corporate lnformation Officer of the disclosing pafty. @PNB Philippine National Bank PNB I of 2 513012017 3:23 PM http://edge.pse.com.ph/downloadHtml.do?fi le id:3 53 8 PSE Disclosure Form ACGR-I - Annual Corporate Governance Report Reference: Revrsed Code of Corporate Governance of the Securifies and Exchange Commission Description of the Disclosure In compliance with SEC Memorandum Circular No. 20 dated December 8, 2016, we are pleased to furnish the Exchange a copy of the 2016 Annual Corporate Governance Report (ACGR) of the Philippine National Bank. -
2017 ANNUAL REPORT About the Theme 2017 ANNUAL REPORT
2017 ANNUAL REPORT About the Theme 2017 ANNUAL REPORT Our goal at Philippine Veterans Bank (PVB) is to build a sustainable and profitable bank that generates enduring value for our shareholders, primarily the World War II veterans and their heirs whom we continue to serve. Over the past three years, our efforts to turn around PVB has always dominated our corporate story. In 2017, we made significant progress in our efforts, inching closer to regaining our financial strength and putting the past behind us. Thus, our 2017 annual report theme, “Building a Solid Foundation,” captures this continuing mission, as we serve today’s customers in a way that also safeguards future generations and preserves our legacy and that of our forefathers. TABLE OF CONTENTS About Risk and Philippine Capital 02 Veterans Bank 20 Management Financial Corporate 04 Highlights 36 Governance Message of the Board of 05 Chairman 50 Directors Report of the Management President and Committee 08 COO 54 Operational Senior 12 Highlights 58 Officers Corporate Social Products 16 Responsibility 59 and Services Branch 60 Directory Annual Report 2017 — 1 ABOUT PHILIPPINE VETERANS BANK We are the preferred bank, serving beyond our heroes’ dream and living their legacy, founded on the fundamental values of professionalism, Integrity and excellence. Our We are committed to building our country by improving the quality of life of our citizenry, developing communities, and providing utmost care and Vision attention to our citizens’ and other stakeholders’ welfare. Provide value-adding and innovative financial products and services that are tailor-fit to the needs of our niche markets. -
Instapay ACH Participants (As of 31 July 2021)
InstaPay ACH Participants (as of 31 August 2021) Electronic Money Issuers Universal and Commercial Banks (U/KBs) Thrift Banks (TBs) Rural Banks (RBs) (EMI) - Others SENDER/RECEIVER 14. Philippine National Bank SENDER/RECEIVER SENDER/RECEIVER SENDER/RECEIVER 1. Asia United Bank Corporation 15. Philippine Trust Company 1. AllBank, Inc. 1. Binangonan Rural Bank, Inc. 1. DCPay Philippines, Inc. 2. Bank of Commerce 16. Rizal Commercial Banking 2. BPI Direct BanKO, Inc. 2. Camalig Bank, Inc. 2. Grab Pay 3. Bank of the Philippine Islands Corporation 3. China Bank Savings, Inc. 3. Card Bank, Inc. 3. G-Xchange, Inc. (GXI) 4. BDO Unibank, Inc. 17. Robinsons Bank Corporation 4. Equicom Savings Bank, Inc. 4. Cebuana Lhuiller Rural Bank, Inc. 4. PayMaya Philippines, Inc. 5. China Banking Corporation 18. Security Bank Corporation 5. Malayan Savings Bank, Inc. 5. Dungganon Bank, Inc. 5. StarPay Corporation 6. CTBC Bank (Philippines) 19. Union Bank of the Philippines 6. Queen City Development Bank, Inc. 6. East West Rural Bank, Inc. 6. USSC Money Services, Inc. 7. Zybi Tech, Inc. Corporation 20. United Coconut Planters Bank 7. Philippine Savings Bank 7. Partner Rural Bank (Cotabato), Inc. 7. Development Bank of the 8. Producers Savings Bank Corporation 8. Rural Bank of Guinobatan, Inc. Philippines RECEIVER ONLY 9. Sterling Bank of Asia, Inc. RECEIVER ONLY RECEIVER ONLY 8. East West Banking Corporation 1. Philippine Veterans Bank 10. Sun Savings Bank, Inc. 1. OmniPay, Inc. 1. Bangko Mabuhay, Inc. 9. ING Bank N.V. RECEIVER ONLY 2. BDO Network Bank, Inc. 10. Land Bank of the Philippines InstaPay 1. Dumaguete City Development Bank 3. -
101 V.A. Rufino Corner Dela Rosa Streets Legaspi Village, Makati City 1229 Philippines Tel. Nos. (632) 857-3800 | 902-1700 Www
101 V.A. Rufino corner Dela Rosa Streets Legaspi Village, Makati City 1229 Philippines Tel. Nos. (632) 857-3800 | 902-1700 www.veteransbank.com.ph. Veterans 2018AR Dummy June19.indd 2 27/06/2019 1:50 PM Moving to the Next Level ANNUAL REPORT 2018 Veterans 2018AR Dummy June19.indd 3 27/06/2019 1:51 PM Our Vision We are the preferred bank, serving beyond our heroes’ dream and living their legacy, founded on the fundamental values of professionalism, Integrity and excellence. We are committed to building our country by improving the quality of life of our citizenry, developing communities, and providing utmost care and attention to our citizens’ and other stakeholders’ welfare. Our Mission Provide value-adding and innovative financial products and services that are tailor-fit to the needs of our niche markets. Provide our customers with the highest standard of service in terms of delivery, continuous improvement and adaptability to their needs and expectations. Ensure sustainable sound profitable growth of the Bank. Provide our employees with a healthy working environment that promotes learning and development, career growth, performance-driven recognition, and employee welfare, wellness and well-being. Work with our regulators in ensuring that making of a robust banking industry that will help in the development of our country. Ensure a reasonable and sustainable return of the shareholders’ investments for their benefit and welfare. About the Theme Philippine Veterans Bank (PVB) is in the midst of a new and exciting phase. After four years of striving to turn around the Moving to the Bank’s financial situation, carrying out Next Level reforms that will enable the Bank to be ANNUAL REPORT 2018 better prepared for the challenges of the future, we are finally MOVING TO THE NEXT LEVEL and making a breakthrough.