Bank shareholders complete subscription

Jan 26, 2023 12:16 am

Principal shareholders of Philippine Business Bank (PBB) have completed the subscription payment for a private placement amounting to P1.25 billion, the company disclosed on Wednesday.

Pursuant to board of directors and stockholder approval to increase PBB's capital stock and authorized capital stock, the principal shareholders completed their subscription to 125,000,000 common shares at P10.00 per share.

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