Pnb Approach to Csr

Management 19: Good Governance and Social Responsibility

Philippine National Bank

Corporate Social Responsibility Program

Batitang, Danica B.

Cuevas, Joanne Mae B.

Dela Cruz, John Rei M.

Marmonejo, Irene Kristelle A.

Surita, Fretz Jane G.

Philippine National Bank

Corporate Profile

Philippine National Bank (PNB) is one of the country's largest private local commercial banks in terms of assets and deposits. It is a universal bank providing a full range of banking and other financial services to large corporate, middle market, small and medium enterprises (SMEs) and retail customers. It maintains significant account relationships as well with the Philippine Government, national government agencies, local government units, and government owned and controlled corporations (GOCCs). PNB was originally established as a government bank in 1916 but has been 100% privatized since 2007. PNB is a publicly listed company with a broad shareholder base. Its major stockholder is the Lucio Tan Group, one of the Philippines' leading business conglomerates.

PNB's principal commercial banking activities include deposit-taking, lending, bills discounting, trade finance, foreign exchange dealings, fund transfers/remittance servicing, a full range of retail banking and trust services, and treasury operations. Through its subsidiaries, the Bank engages in a number of diversified financial and related businesses such as remittance servicing in the United States, Hong Kong, Guam, Italy, Canada and France; full service banking in the United Kingdom; investment banking, non-life insurance, stock brokerage, leasing and financing; and freight forwarding services among others.

Last February 2013, PNB merged with Allied Banking Corporation and became the fourth largest private domestic bank in terms of combined total resources. As of December 31, 2013, PNB's consolidated assets reached Php 618.1 billion, higher by Php 287.9 billion or 87.2% compared to Php 330.2 billion in the...