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Philippine Bank of Communications
| Philippine Bank of Communications (PBC) was incorporated on August 23, 1939 and received the authority to engage in commercial banking from the then Bureau of Banking of the Department of Finance under the Philippine Commonwealth. At present, the Company offers basic commercial banking services such as deposit products, credit and loan facilities, trade-related services, treasury and foreign exchange trading, cash management services, trust and investment management services. Ancillary services such as safety deposit boxes and manager's checks, demand drafts, acceptance of tax and SSS payments are also available. These products are both offered to individuals and corporate clients. PBC's liability and ancillary products and services are distributed primarily through its 95 branches, four of which are pop-up formats in selected Puregold stores. These branches are supported by a network of 163 automated teller machines and 78 cash deposit machines. The Company owns 40% of PBCom Finance Corporation. On January 11, 2021, the Board of PBC approved the dissolution and retirement of operations of its sole wholly-owned subsidiary, PBCom Insurance Services Agency, Inc. (PISAI), after being inactive for the past three years. On September 27, 2023, the Board approved the new effectivity of the date of dissolution of PISAI until April 2024 amending the previous resolution. As of December 31, 2023, the Company is preparing the requirements to secure the approval from Securities and Exchange Commission. Source: SEC Form 17-A (2023) |
| Sector | Financials |
|---|---|
| Subsector | Banks |
| Corporate Life | 50 |
| Incorporation Date | Aug 23, 1939 |
| Number of Directors | 12 |
| Stockholders' Meeting as per By-Laws | Per By-Laws: June - third Tuesday at 4 pm except holidays; For 2010: 15 October 2010, Record Date: 31 July 2010, Circ. No. 6358-2010 |
| Fiscal Year | 12/31 (Month/Day) |
| External Auditor | SyCip, Gorres, Velayo & Company |
| Transfer Agent | AB Stock Transfers Corporation |
| Business Address | PBCom Tower, 6785 Ayala Avenue corner V.A. Rufino Street, Makati City |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | (632) 8830-7000 |
| Fax Number | 818-2576 |
| Website | http://www.pbcom.com.ph |
