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Tan group increases stake in PNB

Tycoon Lucio Tan-led conglomerate LT Group Inc. has cemented a controlling stake in Philippine National Bank by acquiring 10 firms that own shares in the bank.

Posted: January 22nd, 2014 in Headlines | Read More »

PNB aims to raise $300M

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The Lucio Tan group’s banking arm, Philippine National Bank, plans to raise within this year $300 million through a fresh equity offering.  PHOTO FROM PNB’S FACEBOOK ACCOUNT

The Lucio Tan group’s banking arm, Philippine National Bank (PNB), plans to raise within this year $300 million through a fresh equity offering.

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

Long wait is over for PNB, Allied Bank merger

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pnb-allied

The long-awaited merger of Philippine National Bank (PNB) and Allied Banking Corp. will finally push through on Feb. 9, nearly four years after plans were first made public.

Posted: January 22nd, 2013 in Editor's Pick,Headlines | Read More »

PNB eyes strategic investor after merger with Allied Bank

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pnb-allied

Philippine National Bank, the banking arm of tycoon Lucio Tan, may take in a strategic investor only after completing its merger with Allied Banking Corp. within the next 18 to 24 months.

Posted: January 21st, 2013 in Latest Business Stories | Read More »

PNB to redeem P5.5 B in debt notes

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MANILA, Philippines — Tycoon Lucio Tan’s Philippine National Bank will redeem ahead of maturity P5.5 billion in debt notes that qualified as Tier 2 capital using fresh funds raised from a newer and cheaper Tier 2 issuance. In a disclosure to the Philippine Stock Exchange on Friday, PNB said it would redeem all of these [...]

Posted: July 1st, 2011 in Latest Business Stories | Read More »

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