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                    [ArticleID] => 193290
                    [Title] => PNB trims loss by 54% in 2002
                    [Summary] => Philippine National Bank, the country fourth-largest lender said yesterday it trimmed itS net loss by 54 percent in 2002 to P1.9 billion due to effective cost-cutting measures.


The bank posted a net loss of P1.1 billion in 2001.


In a statement, PNB said the full-year figure came in better than expected and was lower than its target of a P3.1-billion net loss for 2002.


"The improved performance was due to significant headway made by the bank in implementing various revenue generating and cost-cutting initiatives during the past seven months," it said.

                    [DatePublished] => 2003-01-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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CITRA METRO MANILA TOLL

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                    [ArticleID] => 193290
                    [Title] => PNB trims loss by 54% in 2002
                    [Summary] => Philippine National Bank, the country fourth-largest lender said yesterday it trimmed itS net loss by 54 percent in 2002 to P1.9 billion due to effective cost-cutting measures.


The bank posted a net loss of P1.1 billion in 2001.


In a statement, PNB said the full-year figure came in better than expected and was lower than its target of a P3.1-billion net loss for 2002.


"The improved performance was due to significant headway made by the bank in implementing various revenue generating and cost-cutting initiatives during the past seven months," it said.

                    [DatePublished] => 2003-01-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PNB trims loss by 54% in 2002

By Ted P. Torres | January 29, 2003 - 12:00am

Philippine National Bank, the country fourth-largest lender said yesterday it trimmed itS net loss by 54 percent in 2002 to P1.9 billion due to effective cost-cutting measures. The bank posted a net loss of P1.1...

Business