Philippine Bank of Communications

Philippine Bank of Communications

Philippine Bank of CommunicationsPBCOM is a large financial institution founded in the Philippines over 70 years ago. The company offers a wide range of financial solutions for legal entities and individuals of the country. The banking organization also provides investment services and offers ready-made cash management solutions.

The capitalized commercial bank has more than 89 branches throughout the country. In 2001, the main office was moved to the PBCOM tower. To this day, it is considered the highest of the buildings located in the country. The rapid development of the financial organization was also helped by the ecosystem of the Puregold Group, introduced by Mr. Lucio Co. This is a strategic bank investor since 2014.

History

The company was founded on September 4, 1939. Initially, its office was located in Binondo, Manila, in one of the commercial and shopping centers on Juan Luna Street. The Philippine Bank of Communications (PBCOM) can be considered one of the first commercial banks operating in the Philippines.

The activity of the Philippine Bank of Communications was suspended during the Japanese occupation. When the World War II ended, all pre-war accounts were restored.

The bank became part of the Manila Association of clearing centers in 1946. The following year, the PBCOM branch opened in Cebu. The firm became the property of Filipinos when most of its shares were acquired by Ralph Nubla and the company. The registration on the Manila and Makati stock exchanges the bank began in the winter of 1988. By the beginning of the winter of 1995, active sale of shares started. The company needed funds to open new branches and implement an information technology development program.

The first international MasterCard credit card was issued in 2002. Since 2003, a unique internet banking system has been developed. At the same time, the capital of the bank increased. Funds received from the Philippine Deposit Insurance Corporation were used to purchase high-yield securities. 

Philippine Bank of Communications

The property of PBCOM

Now the banking organization is a member of the Philippine Deposit Insurance Corporation and BancNet network. The company also owns a controlling stake in Banco Dipolog. The deal was held in 2014. Since then, Banco Dipolog has become a subsidiary of the bank.

ISM and the three major shareholders of the bank signed a Memorandum of Understanding on the sale of shares on July 26, 2011. They accounted for more than 97% of the total amount of outstanding capital. By the third quarter of 2013, the state of the bank had improved by 70%; the financial organization reported 1.4 billion pesos of net income.

The largest shareholder of the bank since 2014 – Lucio Co. It is the owner of 37.7% of the company’s common shares for a total amount of 181 million pesos. 

Main branches and ATMs of PBCOM

Philippine Bank of CommunicationsThanks to the popularity of the company, finding where to deposit or withdraw funds is not difficult. To determine the location of ATMs, use the locator on the site. To do this, go to the official page of Philippine Bank of Communication (http://www.pbcom.com.ph/) and find the nearest ATM.

The page contains a list of all branches and ATMs. They are sorted by region and city. Next to each address in the table there is a branch number, intended for residents of a particular locality.

You can contact the staff by one of the contact numbers:

  • Domestic Toll-Free 1-800-10-777-2266. 
  • Metro Manila +632 777-2266.

Operators work from Monday to Friday. You can call from 8.30 am to 5.30 pm. Unfortunately, the banking organization has no 24-hour support service. 

At other times, you can leave a request on the official website of the company. Write to email [email protected]You can also go to the official account of a financial institution on Facebook or chat with a consultant through the built-in online chat. Employees will promptly answer all your questions and solve your problem.

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