Philippine Bank of Communications (PBCOM) announced that it has opened a new site in Bonifacio Global City, Taguig City.
The new branch is located at the Menarco Tower, 32nd Street in BGC.
The bank also said that the branch will be open from 9AM to 4PM daily, except holidays.
Established in 1939, PBCOM has 93 branches located across the country.
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Bangko Sentral ng Pilipinas Governor Felipe M. Medalla has provided assurances to Malacanang that the domestic banking system remains resilient against any potential shocks caused by the recent US bank failures.
Analysts anticipate that the Bangko Sentral ng Pilipinas (BSP) will increase the benchmark borrowing rate by 25 basis points (bps) this Thursday, March 23, raising the policy rate to 6.25 percent.
The Bangko Sentral ng Pilipinas (BSP) reported a net income of P83.82 billion in 2022, up by 141.4 percent compared to the previous year.
The banking arm of the Gotianun family, EastWest Bank, grew its net income by 42 percent to ₱4.6 billion in 2022, mainly due to the bank’s strong performance in consumer lending.
Company officials also said that the target can be reached despite the BSP’s continued tightening.
Isabelle Gotianun Yap is the Philippines’ lone representative in this year’s class.
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