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October 03, 2023

PSBank approves P320M dividend for Q2 2023

PSBANK, the thrift banking arm of the Metrobank Group, has declared a cash dividend amounting to P320.14 million for the second quarter.

This is equivalent to a 7.5 percent regular cash dividend per share, as approved by the board during a July 20, 2023 meeting.

The dividend will be distributed to common stockholders, with the record date set for August 4, 2023, and the payment scheduled no later than August 22, 2023.

In the first quarter, PSBank’s reported a net profit increased by 10 percent year-on-year to P976.88 million.

The bank attributed the increase to factors such as the expansion of its consumer loan portfolio, improvements in credit quality, and careful expense management.


PNB recognized during SSS’s 66th anniversary celebration

The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.

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