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[Title] => PNB posts 8% hike in assets
[Summary] => The Philippine National Bank (PNB) reported total resources of P216 billion as of June 30, up eight percent from the end-2003 level of P199 billion.
The increase in assets was pushed by the expansion in customer deposits and proceeds from the issuance of Tier 2 capital, which were deployed in trading and investment securities and interbank loans.
The first semester performance proves the continued effectiveness of the rehabilitation initiatives started in mid-2002, anchored on the "Good Bank Bad Bank" strategy, the PNB said in a statement.
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NET INTEREST MARGIN
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[ArticleID] => 259273
[Title] => PNB posts 8% hike in assets
[Summary] => The Philippine National Bank (PNB) reported total resources of P216 billion as of June 30, up eight percent from the end-2003 level of P199 billion.
The increase in assets was pushed by the expansion in customer deposits and proceeds from the issuance of Tier 2 capital, which were deployed in trading and investment securities and interbank loans.
The first semester performance proves the continued effectiveness of the rehabilitation initiatives started in mid-2002, anchored on the "Good Bank Bad Bank" strategy, the PNB said in a statement.
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abtest
July 29, 2004 - 12:00am
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