PNB held its Annual Stockholders’ Meeting on April 24, 2018 at the Century Park Hotel in Manila.
In his message to the stockholders, President Reynaldo A. Maclang focused on how PNB continues to evolve and grow as an organization to stay attuned to market trends and customer needs. He mentioned, “PNB sustains success by building connections and harnessing new technologies to serve its clients better. These are all anchored on our brand promise of putting “You First” in everything that we do.” Furthermore, Maclang shared with the stockholders an overview of the Bank’s initiatives for digital transformation, as it aims to remain relevant in a highly competitive financial landscape.
Meanwhile, PNB Chief Financial Officer Nelson C. Reyes reported the Bank’s positive financial results for 2017. PNB concluded 2017 with a net income of P8.2 billion, 14% more than the previous year’s level of P7.2 billion on the back of a stable growth in its core income. “Leveraging on PNB’s solid franchise and the country’s strong economic fundamentals, total operating income amounted to P32.6 billion, 10% higher than year-ago level,” Reyes said. “By end-2017, PNB’s total consolidated resources stood at P836.2 billion, up by 11% from year-ago level.”
An open forum was also held wherein PNB’s Senior Management Team responded to questions from the stockholders.
The digital copy of PNB’s 2017 Annual Report may be viewed on: www.infernosites.com/index.php/about/investor-relations/annual-report