SECTIONS
Sunday, January 20, 2019

PBB to proceed with capital raising initiatives

THE board of directors of the Philippine Business Bank has authorized the management team to initiate capital raising discussions to allow PBB to exploit opportunities in the banking sector.

Subject to regulatory approvals, PBB will convert existing preferred shares to common stock to further strengthen its balance sheet.

PBB will also look to raise up to 10 billion pesos via the issuance of long-term negotiable certificates of deposit.

The additional funding will allow the bank to capitalize on attractive lending opportunities as the Philippine economy continues to expand. (PR)
style="display:block; text-align:center;"
data-ad-layout="in-article"
data-ad-format="fluid"
data-ad-client="ca-pub-2836569479021745"
data-ad-slot="1977900730">


VIEW COMMENTS
DISCLAIMER:

SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.


Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!