+ Follow GOOD BANK Tag
GOOD BANK
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[ArticleID] => 259613
[Title] => PNB profit down to P40M in H1
[Summary] => The Philippine National Bank (PNB) posted a 56-percent drop in net income from P91 million to P40 million in the first six months of the year, the bank said in a statement yesterday.
"The change in the taxation system, which saw a return from the value added tax system to the gross receipts system, was the biggest non-recurring item that affected the bank’s net income performance in the first half of 2004," PNB said.
[DatePublished] => 2004-08-01 00:00:00
[ColumnID] => 133272
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[SectionName] => Business
[SectionUrl] => business
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[ArticleID] => 259273
[Title] => PNB posts 8% hike in assets
[Summary] => The Philippine National Bank (PNB) reported total resources of P216 billion as of June 30, up eight percent from the end-2003 level of P199 billion.
The increase in assets was pushed by the expansion in customer deposits and proceeds from the issuance of Tier 2 capital, which were deployed in trading and investment securities and interbank loans.
The first semester performance proves the continued effectiveness of the rehabilitation initiatives started in mid-2002, anchored on the "Good Bank – Bad Bank" strategy, the PNB said in a statement.
[DatePublished] => 2004-07-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[ArticleID] => 236717
[Title] => PNB ends losing streak, posts P168-M net income in 2003
[Summary] => After five years of successive losses, the Philippine National Bank consistently turned in each of the 12 months last year, and ended 2003 with a preliminary and unaudited net income of P168 million, a reversal of its P1.948-billion loss in 2002.
The bank attributed last year’s performance to improved net interest margin, fee-based income and operating expense management. The gains were realized after PNB pursued the "Good Bank – Bad Bank strategy" that gave it more focus.
[DatePublished] => 2004-01-28 00:00:00
[ColumnID] => 133272
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[ArticleID] => 217506
[Title] => PNB names Ernst & Young as financial advisor
[Summary] => The asset management group of the Philippine National Bank announced the recent appointment for Ernst & Young Asia Pacific Financial Solutions LLC as its financial advisor in the development and implementation of a comprehensive strategy for its non-performing assets (NPAs) consisting of non-performing loans and acquired assets.
Under the engagement, Ernst & Young will assist the bank in the segmentation of its NPA portfolio into asset pools so that appropriate disposition strategies may be adopted for each asset category.
[DatePublished] => 2003-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
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[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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abtest
January 28, 2004 - 12:00am
August 17, 2003 - 12:00am
