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PBB aims to raise P5B via sale of deposit certificates

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Philippine Business Bank, the banking arm of the group of businessman Alfredo Yao, plans to raise P5 billion through an offering of high-yielding deposit certificates.   In a disclosure to the Philippine Stock Exchange, PBB said its board had approved a resolution providing for the issuance of long-term negotiable certificates of deposits (LTNCDs) in two [...]

Posted: December 19th, 2013 in Headlines | Read More »

Zest-O’s Yao new ‘Grand MVP Bossing’

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Former ambassador Alfredo Yao, whose ventures include juice maker Zest-O, its spin-off airline Zest Airways (now AirAsia Zest ) and Philippine Business Bank, was awarded the Grand MVP Bossing title last week, an annual nationwide search for top Filipino entrepreneurs, a statement last week showed.

Posted: November 25th, 2013 in Headlines | Read More »

PBB to open 26 branches till ’14

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Businessman Alfred M. Yao’s Philippine Business Bank has disclosed plans to grow its physical branch network by more than a quarter in the next 12 months to reach out to a bigger market.  PHOTO FROM PBB.COM.PH

Businessman Alfred M. Yao’s Philippine Business Bank (PBB) has disclosed plans to grow its physical branch network by more than a quarter in the next 12 months to reach out to a bigger market.

Posted: November 22nd, 2013 in Latest Business Stories | Read More »

PBB expanding branch network to 100 this year

Publicly listed Philippine Business Bank (PBB) hopes to open its 100th branch in the country this year to expand its network as it works on getting a universal/commercial banking license.

Posted: June 30th, 2013 in Headlines | Read More »

PBB sets annual dividend payment policy

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Philippine Business Bank, the newly listed thrift banking arm of Afredo Yao’s Zest-O Group, said its board had set the bank’s dividend pay-out policy at 20 percent to 30 percent of its annual net income, a filing to the Philippine Stock Exchange showed.

Posted: May 27th, 2013 in Latest Business Stories | Read More »

PBB grew net profit to P593M in first quarter

Newly listed Philippine Business Bank grew its first-quarter net profit by 34.1 percent year-on-year to P593 million on strong contributions from its treasury business.

Posted: April 12th, 2013 in Headlines | Read More »

PBB reports 12% drop in 2012 net profit

The Zest-O group’s newly listed thrift bank arm Philippine Business Bank posted P654 million in net profit last year, 12 percent lower than the previous year, due to narrower interest margins and some nonrecurring expenses.   Excluding one-time expenses booked in 2012, core net profit stood at P734 million, still lower than P746.97 million a [...]

Posted: April 4th, 2013 in Headlines | Read More »

Thrift bank shares up on listing debut

Shares of Philippine Business Bank rose by 15.39 percent on the thrift bank’s stock trading debut Tuesday, riding on a buoyant equities market and upbeat prospects for the bank.

Posted: February 19th, 2013 in Headlines | Read More »

Biz Buzz: Reunion with Bill Gates

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It was not part of his tight schedule during his trip to Davos but (WEF) newbie P-Noy had a brief encounter with the iconic Bill Gates coming out of a meeting with WEF founder and executive chair Klaus Schwab. Emerging from the meeting with Schwab, it so happened that Gates was the next person in line so the two were able to exchange pleasantries and pose for photos. The chance encounter with Gates—a long-time WEF backer and regular Davos attendee—took about three minutes.

Posted: January 28th, 2013 in Headlines | Read More »

Biz Buzz: Trader absconds

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One would think that, after all the financial malfeasance that has happened these last few years, people would have wisened up to scammers by now.

Posted: January 21st, 2013 in Headlines | Read More »

Yao thrift bank plans to expand network to 100

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Thrift bank Philippine Business Bank, the first local company to go public this year, plans to expand its branch network to 100 by yearend to boost its capability to reach out to its target market: small and medium enterprises (SMEs).

Posted: January 21st, 2013 in Headlines | Read More »

Bourse OKs P4.25B IPO plan of Yao group’s bank

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The Philippine Stock Exchange has approved an initial public offering worth about P4.25 billion by Philippine Business Bank, setting the stage for the first Philippine stock market debut this year.

Posted: January 17th, 2013 in Headlines | Read More »

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