The Philippine National Bank (PNB) is a major Filipino bank established by the Philippine government on July 22, 1916. It is headquartered in Pasay, Philippines, and has evolved into one of the largest privately-owned commercial banks in the country. Here are some key points about PNB: ## Overview - Establishment: PNB was founded during the American Era to provide financial services to the Philippine industry and agriculture, supporting the government's economic development efforts[1]. - Privatization: The bank was privatized in 1989 and fully privatized by 2007. It was acquired by tycoon Lucio Tan and later merged with Allied Bank in 2013[1][3]. - Operations: PNB offers a wide range of banking services, including deposit-taking, lending, trade finance, foreign exchange dealings, and remittance services[5]. ## Services and Innovations - Universal Banking: PNB became the first universal bank in the Philippines in 1980, offering a comprehensive suite of financial services[1][3]. - Innovations: The bank has introduced several innovations such as Bank on Wheels, computerized banking, ATM services, and mobile money changing[3]. - Overseas Services: PNB has an extensive international presence with over 70 overseas branches, representative offices, and remittance centers across Asia, Europe, the Middle East, and North America[1][3]. ## Corporate Objectives and Values - Mission: PNB aims to promote financial prosperity for Filipinos and their businesses, both locally and internationally[2]. - Core Values: The bank emphasizes reliability, passion, trust and integrity, care, strength, adaptability, and competence in its operations[2]. ## Current Status - Branch Network: As of 2023, PNB operates 631 domestic branches and over 1,680 ATMs nationwide[5]. - Ranking: It is among the largest banks in the Philippines, with a goal to be among the top three in customer growth and satisfaction[2].