Philippine Bank of Communications Overview and Financial Insights

The Philippine Bank of Communications is a well-established bank in the Philippines, with a rich history dating back to 1916. It was originally founded as the Bank of Commerce and Trust Company.

The bank has undergone significant changes over the years, with its current name being adopted in 1963. Today, it operates as a universal bank, offering a wide range of financial services to its customers.

One of the bank's key strengths is its extensive network of branches and ATMs, with over 100 locations across the country. This makes it easily accessible to customers from all walks of life.

The bank's commitment to innovation is evident in its adoption of digital banking platforms, allowing customers to manage their accounts and conduct transactions online or through mobile apps.

The Philippine Bank of Communications has shown a significant increase in its sales over the years.

In 2021, the bank's sales reached a record high of 5.79B, with corporate banking contributing 2.28B, branch banking contributing 1.3B, and the head office and rental segment contributing 873M.

The bank's sales have been steadily increasing, with a notable jump from 2019 to 2020. This growth can be attributed to the bank's expansion and diversification of its services.

Here's a breakdown of the bank's sales by segment:

The bank's sales have seen fluctuations in certain segments, such as the consumer finance segment, which experienced a decline in 2020.

The Philippine Bank of Communications (PBCOM) has a strong governance and leadership structure in place. The bank is led by a team of experienced professionals who have a deep understanding of the local banking industry.

The bank's board of directors is composed of highly respected individuals who bring a wealth of knowledge and expertise to the table. They are responsible for overseeing the bank's overall strategy and direction.

The bank's leadership team is committed to maintaining the highest standards of corporate governance and integrity. They strive to create a culture of transparency and accountability within the organization.

The Executive Committee plays a crucial role in the governance and leadership of an organization. This team is responsible for making key decisions and overseeing the overall direction of the company.

Patricia May Siy has been the CEO since 2015, bringing over 64 years of experience to the role. She has been at the helm of the Philippine Bank of Communications since May 31st of that year.

Lav Tambuyat joined the committee in 2018, serving as the Chief Tech/Sci/R&D Officer. He was appointed to this position on December 31st of that year, at the age of 46.

Greg Romero took over as CTO in 2023, bringing 58 years of experience to the role. He started on March 19th of that year.

Angelita Egalin has been serving as the Compliance Officer since 2019, with 60 years of experience. She was appointed to this position on May 28th of that year.

John Howard Medina has been the Chief Operating Officer since 2017, with 56 years of experience. He started on March 28th of that year.

Here's a brief overview of the Executive Committee:

The Board of Directors plays a crucial role in shaping the direction of an organization. In the case of the Philippine Bank of Communications, the Board is composed of 10 members.

The ages of the Board members range from 61 to 81 years old. Eric Ramon Recto, the Chairman, is 61 years old. In contrast, Leonardo Dayao, another Board member, is 81 years old.

The Board members have been serving since 1997, with some members joining as recently as 2019. Bunsit Carlos Chung has been a Board member since 1997, while Conrado Gloria joined the Board in 2019.

Here's a breakdown of the Board composition:

The Philippine Bank of Communications, or PBCOM, is a commercial bank that operates in the Philippines.

It is classified as a universal bank, which means it can provide a wide range of financial services to its clients.

PBCOM's banking services include deposit accounts, loans, credit cards, and foreign exchange services.

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The bank has a network of branches and ATMs across the country, making it easily accessible to its customers.

PBCOM's banking services cater to individual and corporate clients, providing tailored solutions to meet their financial needs.

The bank's commitment to innovation and technology has enabled it to offer digital banking services, making it easier for clients to manage their finances online.

PBCom faces stiff competition from other commercial banks, such as International Exchange Bank and other banks.

The bank competes with major players like Metrobank, BPI, Equitable PCI Bank, Land Bank of the Philippines, and Philippine National Bank.

PBCom's headquarters, the PBCom Tower, even housed a competitor bank, EastWest Bank, which occupied the 20th and 21st floors.