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                    [Title] => PNB ends losing streak, posts P168-M net income in 2003
                    [Summary] => After five years of successive losses, the Philippine National Bank consistently turned in each of the 12 months last year, and ended 2003 with a preliminary and unaudited net income of P168 million, a reversal of its P1.948-billion loss in 2002.


The bank attributed last year’s performance to improved net interest margin, fee-based income and operating expense management. The gains were realized after PNB pursued the "Good Bank – Bad Bank strategy" that gave it more focus.


                    [DatePublished] => 2004-01-28 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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ELEVEN AND BANK MANDIRI

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                    [ArticleID] => 236717
                    [Title] => PNB ends losing streak, posts P168-M net income in 2003
                    [Summary] => After five years of successive losses, the Philippine National Bank consistently turned in each of the 12 months last year, and ended 2003 with a preliminary and unaudited net income of P168 million, a reversal of its P1.948-billion loss in 2002.


The bank attributed last year’s performance to improved net interest margin, fee-based income and operating expense management. The gains were realized after PNB pursued the "Good Bank – Bad Bank strategy" that gave it more focus.


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abtest

PNB ends losing streak, posts P168-M net income in 2003

January 28, 2004 - 12:00am

After five years of successive losses, the Philippine National Bank consistently turned in each of the 12 months last year, and ended 2003 with a preliminary and unaudited net income of P168 million, a reversal of...

Business