...Philippine National Bank (PNB) is the fifth-largest bank in the Philippines in terms of total assets, total loans and total deposits, as of 31 December 2019. The bank provides retail and corporate banking, treasury and other financial services to corporate, small and medium sized enterprises and retail customers, as well as to government institutions. As of 30 June 2020, PNB reported total consolidated assets of PHP1,082.5 billion ($21.7 billion). As of 30 June 2020, PNB operates domestically through 715 branches, as well as internationally through 70 branches, remittance centers, representative offices and subsidiaries in Europe, Asia, North America and the Middle East. Incorporated in 1916 as a government-owned banking institution, PNB served as the Philippines' de facto central bank until 1949. It was progressively privatised beginning in 1989, when its shares were listed on the Philippine Stock Exchange (ticker: PNB). As of 30 June 2020, the LT Group, Inc. indirectly owned 59.83% of...