|PBCOM branches were interconnected under a completely
online branch network on January 20, 2003. The conversion of all PBCOM branches to SIBS (Silverlake
Integrated Banking System) means more convenience to clients in terms of faster processing and better
product and service offerings. Branches can now concentrate more on business-generating activities thus
increasing employee productivity. With this online branch network as backbone, PBCOM can expand its
market reach by using electronic distribution channels like cell phones and personal computers for
mobile banking and internet banking facilities.