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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
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PNB posts 8% hike in assets

July 29, 2004 - 12:00am

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...

Business