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Philippine Savings Bank

Company Description
Philippine Savings Bank (PSB) was incorporated on June 30, 1959 to primarily engage in savings and mortgage banking. In 1983, Metropolitan Bank and Trust Company acquired a majority share in PSB, and in 2004 further increased its shareholdings to the present level of 83%. In 1991, the Company was authorized to perform trust functions, and in 1995, was granted quasi-banking license.

PSB's operating segments are organized and managed separately according to the nature of services provided and the different markets served, with each segment representing strategic business unit that offers different products and serves different markets. These business segments are consumer banking, corporate banking, branch banking, and treasury. PSB caters mainly to the retail and consumer markets.

The Bank has a 30% interest in Sumisho Motor Finance Corporation, a partnership with Sumitomo Corporation.

As of December 31, 2019, PSB has 250 branches and 557 automated teller machines nationwide.

Source: SEC Form 17-A (2019)
Security Information
Sector Financials
Subsector Banks
Corporate Life 50
Incorporation Date Mar 25, 1959
Number of Directors 11
Stockholders' Meeting as per By-Laws April - second Wednesday at 4 pm except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Metropolitan Bank & Trust Company - Trust Banking Group
Contact Information
Business Address PSBank Tower, 777 Paseo de Roxas Cor. Sedeño St. , Makati City
E-mail Address
Telephone Number 845-8888, 885-8208
Fax Number 885-8352