Our PBCOM Stakeholders,
2024 was a year when we celebrated two milestones: PBCOM’s 85th anniversary and the 10th year of strategic investment by the Lucio Co group of companies.
Looking back at the Bank’s performance over these last ten years, we are proud to share the following achievements:
- Steady growth in net income and exceeding the ₱2.0 Billion mark in 2024
- Loan growth with focus on corporate lending with CAGR of 12.6%
- Increase in securities with CAGR of 9.0%
- Deposit and deposit substitute growth with CAGR of 8.1%. We successfully launched our 5.5 years LTNCD in 2018 and our maiden 1.5-year corporate bond offering in November 2024.
- Growth our customer base through acquisition via branch and digital channels
- Improvement in productivity and employee efficiency
- Consistent improvement in Return on Equity to our shareholders
We planned for the Bank’s growth and success, and we delivered. Our Forbes’ Asia Award in 2024 as one of the Best Under a Billion companies in Asia is a testament to this. PBCOM’s successes are now the cornerstones for building our strategic goals going forward. These are strong foundations we have built from which we can now catapult ourselves towards the Bank’s next growth targets. Beyond these proven strategies that can be relied on, we will work beyond what we already have in place and build new capacities and capabilities. There are new business models we are working on and new market territories we are going to tap – including expanding our branch network and mastering the digital space.
There are new customer segments to work on that are aligned with our innate strengths and competitive advantages. We will be building internal competencies, and embarking on capital investments that will get us ready for these new goals. The pillars remain true – our 5Ps – People, Products, Processes, Places, and Partnership. And all these are governed by our values of PBCOM PRIDE – Passion, Responsiveness, Integrity, Dynamism and Excellence.
As we move on to the next chapter, I am confident that PBCOM is well-positioned for sustained growth and relevance. With a clear vision, a strengthened foundation, and an unwavering commitment to excellence, we will continue to adapt, innovate, and empower our stakeholders to move forward—together.
Patricia May T. Siy, President and CEO
