6 months PNB allots P4B capex for 2019 Manilatimes |Biz
Income up 26% to P1.9 billion in first quarter LISTED Philippine National Bank (PNB) has set aside about P4 billion in capital expenditures (capex) for this year, half of which would be spent on information technology (IT)-related activities.
(From left) Philippine National Bank Executive Vice President Chester Luy, PNB President Wick Veloso and EVP Nelson Reyes. PHOTO BY JOHN ORVEN VERDOTE“Capex is about P4 billion. Out of that, about P2 billion will be IT-related,” PNB Executive Vice President Chester Luy said in a briefing in Manila on Tuesday. This was announced after PNB President and Chief Executive Officer Wick ... more