CR05433-2014

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
Jun 30, 2014
2. SEC Identification Number
AS096-005555
3. BIR Tax Identification No.
000-188-209-000
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, Metro Manila Postal Code 1300
8. Issuer's telephone number, including area code
(632) 526-3131 to 70/ (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 1,119,426,764
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 Stocks
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 Jun 30, 2014
Currency (indicate units, if applicable) PHP (In Thousands)
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2014 Dec 31, 2013
Current Assets 286,717,028 328,159,168
Total Assets 601,804,324 618,065,516
Current Liabilities 471,365,480 489,575,055
Total Liabilities 512,473,629 534,167,888
Retained
Earnings/(Deficit)		 15,571,460 12,432,838
Stockholders' Equity 89,330,695 83,897,628
Stockholders' Equity - Parent 86,169,641 80,825,943
Book Value per Share 76.98 74.41
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 5,678,139 5,490,188 11,860,518 10,351,672
Other Revenue 2,988,221 2,934,122 4,462,614 7,298,506
Gross Revenue 8,666,360 8,424,310 16,323,132 17,650,178
Operating Expense 1,091,744 1,483,839 2,189,650 3,113,117
Other Expense 5,255,949 4,213,092 10,037,179 8,308,191
Gross Expense 6,347,693 5,696,931 12,226,829 11,421,308
Net Income/(Loss) Before Tax 2,318,667 2,727,379 4,096,303 6,228,870
Income Tax Expense 452,114 263,159 886,924 925,051
Net Income/(Loss) After Tax 1,866,553 2,464,220 3,209,379 5,303,819
Net Income Attributable to
Parent Equity Holder		 1,813,769 2,439,734 3,153,444 5,267,154
Earnings/(Loss) Per Share
(Basic)		 1.62 2.2 2.83 5.19
Earnings/(Loss) Per Share
(Diluted)		 1.62 2.2 2.83 5.19
Other Relevant Information

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Filed on behalf by:
Name Edwin Pagal
Designation Assistant Vice President