MANILA, Philippines - In line with its commitment to provide even better service to its customers overseas, Philippine National Bank (PNB) has opened a new branch at the Micronesia Mall in Guam.
PNB Guam senior manager and branch head Sonny Agdagdag said the new Micronesia Mall location would offer full banking services which include remittances, commercial business loans, commercial and business lending, offshore deposits, and direct deposits processed via FedWire and American Clearing House.
Agdagdag said the branch would also process referral of account opening for PNB branches in the Philippines, including Allied Savings Bank, and other PNB products and services.
With the relocation, he said the branch has registered a 50 percent increase in the total number of remittance transactions.
“We are optimistic that we will be able to generate more business in our new location,†he said.
Dededo, he said, is the most populated village in Guam with many Filipinos who regularly send remittances to relatives in the Philippines.
Following the merger of PNB and Allied Bank last Feb. 9, PNB became the fourth largest private domestic bank in terms of total resources with a distribution network of 627 domestic branches and 816 ATMs nationwide.
It remains the only domestic bank with the largest global presence across Asia, Europe, Middle East and North America.
As of Aug. 31, PNB had 82 overseas offices. During the 2013 BSP Stakeholders’ Awards, the central bank awarded PNB its second straight “Top Commercial Bank in Generating Remittances from Overseas Filipinos†accolade.
PNB was likewise recognized as a Hall of Fame awardee for being the Best Commercial Bank Respondent on Overseas Filipino Remittances for four straight years.