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The Philippine National Bank (PNB, Filipino: ''Bangko Nasyonal ng Pilipinas'', Castilian Spanish: ''Banco Nacional de Agricola de Filipinas'') () is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Occupation. The bank was acquired by tycoon Lucio Tan after it was privatized by the government, and became the first universal bank in the Philippines in 1980. After its merger with the Tan-owned Allied Bank on February 9, 2013, PNB became fifth largest private domestic bank in the country. PNB had 331 branches in the Philippines and 13 branches overseas as of end 2011.〔("PNB Annual Report 2011" )〕 ==History== The Philippine National Bank was established as a government-owned banking institution on July 22, 1916. Its primary mandate was to provide financial services to Philippine industry and agriculture and support the government's economic development effort. World War I, then raging in Europe, generated huge demand for the country's major exports namely: sugar, copra, coconut oil, Manila hemp and tobacco. However, not much was being done to develop the industries that produced these sought-after crops since access to credit facilities was limited. To solve this problem, Henderson Martin, Vice Governor of the Philippines, together with Miguel Cuaderno (who later became Central Bank governor) drafted a charter for a national bank. On February 4, 1916, Public Act 2612 was passed by the Philippine Legislature providing for the establishment of PNB to replace the small P1 million government-owned Agricultural Bank. PNB's first head office was the Masonic Temple along Escolta, Manila, the then "Wall Street of the Philippines" in the bustling district of Sta. Cruz in Manila. An American, Henry Parker Willis, was its first president. With PNB's establishment, Filipinos had a bank of their own. PNB was authorized to grant short and long-term loans to agriculture and industry. Filipino farmers then could avail of loans with interest between 8% to 10% per annum. PNB was also authorized to receive deposits, open foreign credits and rediscount bills. On July 24, 1916, PNB established its first branch in Iloilo. In 1917, PNB opened its first non-Philippine branch in New York. The following year, it established five more domestic branches and another outside the Philippines in Shanghai, China. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Philippine National Bank」の詳細全文を読む スポンサード リンク
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