The Philippine National Bank (PNB) is one of the largest banks in the Philippines. The bank was acquired by Lucio Tan after it was privatized by the government. It rose to become the fifth largest bank in the Philippines after its merger with the Tan-owned Allied Bank. It was established by the Philippine government on July 22, 1916, during the American colonial period, and became the first universal bank in the Philippines in 1980. The Bank through its Head Office and 331 Domestic Branches and 13 Overseas Branches
provides a full range of banking and other financial services to large corporate, middle-market,
SMEs and retail customers, including OFWs, as well as to the Philippine National Government,
NGAs, LGUs and GOCCs in the Philippines. The Bank’s principal commercial banking activities
include deposit-taking, lending, trade financing, bills discounting, fund transfers / remittance
servicing, asset management, treasury operations, and comprehensive trust, retail banking and other
related financial services.