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The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
The Philippine National Bank (PNB, Filipino: Bangko Nasyonal ng Pilipinas; [3] Spanish: Banco Nacional Filipino; [4] Hokkien Chinese: 菲律賓國家銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Kok-ka Gûn-hâng) is a major Filipino bank based in Pasay in the Philippines.
In 2018, the bank started its conversion to a government bank, joining the league of LandBank, Development Bank of the Philippines and Overseas Filipino Bank. Later in 2020, the Philippine government dropped the privatization plans of the bank by further raising its stake of ownership from 75% to 97%, thus resulting furthermore for UCPB in ...
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On December 21, 2022, she signed a memorandum of agreement (MOA) with the Development Bank of the Philippines (DBP) and the Universal Storefront Services Corporation (USSC) to launch the “Malabon Ahon Blue Card.” The blue card, which will be given to each household in the city, will increase transparency and efficiency of her administration ...
The city hosts the regional bank offices of Banco de Oro, Philippine National Bank, Development Bank of the Philippines, Metrobank, RCBC, Allied Bank, China Banking Corporation, Philtrust Bank, UnionBank of the Philippines, Philippine Veterans Bank, Asia United Bank, Maybank, Bank of Commerce, East West Bank, Bank of Makati, Bank of the ...
The Supreme Court releases an August 7, 2023 decision ordering the Sandiganbayan to reopen a graft case involving the granting of two loans worth ₱660 million in 2009 by the Development Bank of the Philippines to a firm owned by businessman Roberto Ongpin. However, it upholds the dismissal of charges against Ongpin, DBP president Reynaldo ...
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [3] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.