SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2016

2. SEC Identification Number

AS096-005555

3. BIR Tax Identification No.

000-188-209

4. Exact name of issuer as specified in its charter

PHILIPPINE NATIONAL BANK

5. Province, country or other jurisdiction of incorporation or organization

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

PNB Financial Center, Pres. Diosdado Macapagal Blvd., Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(632) 891-6040 to 70

9. Former name or former address, and former fiscal year, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	1,249,139,678

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange : Common Shares

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philippine National BankPNB

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2016
Currency (indicate units, if applicable)	PHP (In Thousands)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2016	Dec 31, 2015
Current Assets	337,480,085	331,540,210
Total Assets	699,108,022	679,687,737
Current Liabilities	527,349,896	496,703,073
Total Liabilities	591,056,070	574,931,876
Retained Earnings/(Deficit)	27,372,096	24,799,259
Stockholders' Equity	108,051,952	104,755,861
Stockholders' Equity - Parent	102,180,838	98,875,776
Book Value per Share	84.1	81.45

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	7,098,452	6,214,418	7,098,452	6,214,418
Other Revenue	2,968,535	1,201,178	2,968,535	1,201,178
Gross Revenue	10,066,987	7,415,596	10,066,987	7,415,596
Operating Expense	1,519,455	1,314,582	1,519,455	1,314,582
Other Expense	4,987,319	4,444,540	4,987,319	4,444,540
Gross Expense	6,506,774	5,759,122	6,506,774	5,759,122
Net Income/(Loss) Before Tax	3,560,213	1,656,474	3,560,213	1,656,474
Income Tax Expense	953,249	414,770	953,249	414,770
Net Income/(Loss) After Tax	2,606,964	1,241,704	2,606,964	1,241,704
Net Income Attributable to Parent Equity Holder	2,572,835	1,201,227	2,572,835	1,201,227
Earnings/(Loss) Per Share (Basic)	2.06	0.96	2.06	0.96
Earnings/(Loss) Per Share (Diluted)	2.06	0.96	2.06	0.96

Other Relevant Information
Other Revenue, Gross Revenue and Net Income/(Loss) Before Tax include Net Income from Discontinuing Operations amounting to Php 63,984 Th and Php 104,210 Th for the periods ended March 31, 2016 and 2015 (3months and year-to-date), respectively.