The Philippine National Bank (PNB, Filipino: Bangko Nasyonal ng Pilipinas or Pambansang Bangko ng Pilipinas, Castillian Spanish: Banco Nacional de Agricola de Filipinas) (PSE: PNB) is one of the largest banks in the Philippines. The bank was acquired by tycoon Lucio Tan after it was privatized by the government. It rose to become the fifth largest bank in the Philippines after its merger with the Tan-owned Allied Bank. It was established by the Philippine government on July 22, 1916, during the American colonial period, and became the first universal bank in the Philippines in 1980. PNB had 331 branches in the Philippines and 13 branches in the overseas as of end 2011.
Read more about Philippine National Bank: History, Employee Unions
Famous quotes containing the words national bank, national and/or bank:
“The progress
Is permanent like the preordained bulk
Of the First National Bank
Like fish sauce, but agreeable.”
—John Ashbery (b. 1927)
“Any honest examination of the national life proves how far we are from the standard of human freedom with which we began. The recovery of this standard demands of everyone who loves this country a hard look at himself, for the greatest achievments must begin somewhere, and they always begin with the person. If we are not capable of this examination, we may yet become one of the most distinguished and monumental failures in the history of nations.”
—James Baldwin (1924–1987)
“Life is a long Dardenelles, My Dear Madam, the shores whereof are bright with flowers, which we want to pluck, but the bank is too high; & so we float on & on, hoping to come to a landing-place at last—but swoop! we launch into the great sea! Yet the geographers say, even then we must not despair, because across the great sea, however desolate & vacant it may look, lie all Persia & the delicious lands roundabout Damascus.”
—Herman Melville (1819–1891)