SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 17, 2017

2. SEC Identification Number

A199701584

3. BIR Tax Identification No.

005-469-606

4. Exact name of issuer as specified in its charter

Philippine Business Bank, Inc.

5. Province, country or other jurisdiction of incorporation

Caloocan City

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

350 Rizal Avenue corner 8th Avenue, Gracepark, Caloocan City Postal Code 1400

8. Issuer's telephone number, including area code

(02) 363-3333

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

N/A

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	536,458,423

11. Indicate the item numbers reported herein

ITEM NO. 4

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 Business BankPBB

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Change in Directors and/or Officers
Background/Description of the Disclosure
During the Regular Board Meeting of Philippine Business Bank, Inc. held on 17 May 2017, the Board of Directors of the Bank approved and confirmed the following: 1.) Appointment of MR. JOSE MARIA P. VALDES, as INFORMATION TECHNOLOGY GROUP HEAD / FIRST VICE-PRESIDENT of the Bank, effective June 16, 2017. Furthermore, in compliance with the reportorial requirements of the Exchange on the Beneficial Ownership of Securities, MR. JOSE MARIA P. VALDES, is not a shareholder of the Bank.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
-	-	-	-

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
Jose Maria P. Valdes	Information Technology Group Head/First Vice-President	05/17/2017	06/16/2017	0	0	-

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information
Please refer to the attached SEC FORM 17-C.