Philippine Bank of Communications (PBC) was incorporated on August 23, 1939 and received the authority to engage in commercial banking from the then Bureau of Banking of the Department of Finance under the Philippine Commonwealth. PBC's operations were temporarily interrupted during World War II, but were immediately reconstituted in 1945 through the infusion of fresh funds. PBC acquired a license to operate as an expanded commercial bank from the Bangko Sentral ng Pilipinas (BSP) on December 24, 1993, and on March 31, 2000, the BSP's Monetary Board approved the amendment of PBC's license to a regular commercial banking license. PBC offers a wide range of products and services to clients. These include basic commercial banking services such as deposit products, trade-related services, credit and loan facilities, trust and investment management services. The company's liability and ancillary products and services are distributed primarily through its 64 branches and complemented by a network of 33 automated teller machines deployed in strategic branch sites including 7 off-site/off-branch locations. PBC is a registered government securities dealer and also has a trust license. As of December 31, 2008, PBC has only one associate, PBCOM Finance Corporation. Source: SEC Form 17-A (2008)
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