Stock Market PILIPINAS: Empowering the Filipino Investors

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...here you go guys

...subscribe na sa IPO nya Smile

Philippine Business Bank (PBB) was incorporated on January 28, 1997 as Total Savings Bank to engage in the business of thrift banking. On December 16, 1997, the Securities and Exchange Commission (SEC) approved the change in its corporate name to the present one. PBB provides banking services and products including cash management, retail and corporate lending, deposit products, international trade finance, treasury and trust products.

In July 2015, PBB entered into a purchase agreement with the shareholders of Bataan Savings and Loan Bank (BSLB) wherein the Company will purchase all of recorded properties, assets and goodwill of BSLB subject to the approval of a merger plan by the Bangko Sentral ng Pilipinas and SEC. With this transaction, PBB acquired three existing branches of BSLB.

As of December 31, 2016, the Company has a network of 139 branches.

Source: SEC Form 17-A (2016)
Download the IPO prospectus here - http://www.pbb.com.ph/

Overview from Executive Summary included in prospectus

PBB was incorporated as a Philippine corporation and registered with the SEC on January 28, 1997 as “Total Savings Bank” and was granted the authority to operate as a thrift bank under the MB Resolution No. 29 dated January 8, 1997. The BSP issued a Certificate of Authority on February 6, 1997. On December 16, 1997, the SEC approved the change of corporate name of the Bank to “Philippine Business Bank (A Savings Bank)”, which the shareholders believe better reflects the Bank’s business thrust and focus.

PBB provides close to a full range of banking services and products, including cash management, retail and corporate lending, deposit products, international trade finance, treasury and trust products. The Bank’s focus is to become the bank of choice of the SME market segment. The BSP defines small and medium enterprises to be any business concern with assets between Php3 million to Php100 million, excluding the land value on which the entity’s office, plant and equipment are situated.

This focus on the SME market is driven by the size and potential of this particular market. Based on statistics of the country’s Department of Trade and Industry, in 2009, SMEs contributed approximately 32 per cent of the employment, 36 per cent to sales and 25 per cent of export revenues of the Philippines. The Bank believes that the SME segment is the major source of entrepreneurship and economic dynamism which provides trade, manufacturing and outsourcing and services and helps contribute to community and local development. Lastly, the Bank believes that the SME segment can be considered underserved with most financial institutions focusing on the banking requirements of large corporations and/or the consumer sector.

To become the bank of choice of the SME market, PBB has increased its branch presence in several commercial and industrial centers of the country and recruited branch and account officers with extensive client networks in these specific communities. The Bank’s network grew from two (2) branches in 1997 to 72 branches as of September
2012 with most branches located in areas with high concentration of small and medium businesses such as Caloocan, Malabon, Navotas, Valenzuela and Quezon City as well as in highly urbanized cities outside Metro Manila such as Cebu, Davao and Bacolod. PBB believes that client proximity, understanding of its targets’ banking
requirements, the reputation of its branch and account management staff within their respective communities, and the overall reputation of PBB, are among the key factors which have driven and will continue to drive its growth.

The Bank has shown a remarkable rate of growth over the past three (3) years, from 2009 to 2011. Over this period, total resources grew by 24.43 per cent from Php16.72 billion as of December 2009 to Php25.88 billion as of the end of 2011. The growth in PBB’s resources was due primarily to the increase in its loans and receivables arising from the expansion of the Bank’s branch network. As of September 30, 2012, the Bank had total resources of Php29.66 billion.

Over the period 2009 to 2011, PBB loans and discounts and its deposits grew at a compounded annual growth rate of 19.43 per cent and 29.27 per cent, respectively. Loans (net of unearned discount) increased from Php9.52 billion as of December 2009 to Php13.56 billion as of year-end 2011 while deposit liabilities increased from Php12.68 billion as of December 2009 to Php21.19 billion as of the end of 2011. In comparison, over the same period, aggregate loans granted by the members of the CTB decreased by an average of 3.9 per cent while aggregate deposit accounts increased by an average of 1.1 per cent over the same period.

PBB is principally owned by the family of Ambassador Alfredo M. Yao, with direct and indirect ownership equivalent to approximately 90 per cent of the issued and outstanding Shares prior to the Offer. Aside from his interest in PBB, Ambassador Yao is the founder and/or majority shareholder of a diverse range of business interests,
from air transport, food and beverages, pharmaceutical distribution and real estate development, among others.
(02-11-2013, 11:03 AM)Ollie Wrote: [ -> ]...here you go guys

...subscribe na sa IPO nya Smile

Thanks Comm! Smile

Will PBB follow the footsteps of EW? hehehe Big Grin Tongue

IPO price - 31.5 pesos per share
Hirap makakuha nito sa COL. Ilang accounts pinilahan namin, wala nabigyan kahit isa.
wla ng maibgay c col =(
wala n .. di nabigyan ng col
(02-11-2013, 11:16 AM)CLY Wrote: [ -> ]
(02-11-2013, 11:03 AM)Ollie Wrote: [ -> ]...here you go guys

...subscribe na sa IPO nya Smile

Thanks Comm! Smile

Will PBB follow the footsteps of EW? hehehe Big Grin Tongue

IPO price - 31.5 pesos per share



Speaking of IPO, kelan po ito?Big Grin
salamat.......
Feb 12 last offer and Feb 19 listing date
According to COL, oversubscribed so they had to raffle off their allocated shares. I also tried to get at least 500 shares but was not able to get any.

Let's see how this fares during its IPO day.
Now I feel lucky and privileged that my broker allocated me some shares. I thought he just wanted to rid himself of shares. Hope this fares well next week.
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