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PBCOM opens 97th branch in Davao Ecoland, growing with the community

by Contributor
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PBCOM proudly inaugurated its newest branch in Davao City on February 9, 2026, marking the opening of its 97th branch nationwide. The Davao Ecoland branch represents both the Bank’s expanding footprint in Mindanao and its enduring commitment to serve communities with accessible, modern, and client-focused banking services.

The ceremonial ribbon-cutting was led by PBCOM President and CEO Patricia May Siy, Mindanao Region Head Art Gonzales, Mindanao Business Head Aaron Luy, Davao Ecoland Business Manager Daisy Ricarse, together with Ms. Bunny Sy, Owner of Weatherbee and Ms. Bridgette Coffee.

The event was also attended by Ace Ricafort, PBCOM Cash Management Solutions Head, and Mr. Fred Sahagun, PBCOM Regional Service Manager, who joined in commemorating this important milestone.

The inauguration of the Davao Ecoland branch underscores PBCOM’s dual mission: to strengthen its corporate growth through strategic expansion, while deepening its impact on local communities by fostering stronger client relationships and providing a welcoming, innovative environment. This milestone reflects the Bank’s ‘Together We Grow’ spirit, as PBCOM continues to build bridges between progress and people, ensuring that growth is shared with the communities it serves.

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Business

PBCOM declares P480.65-million cash dividends

by Contributor
written by Contributor

PHILIPPINE Bank of Communications (PBCOM) announced, after its June 25 regular Board meeting, the declaration of a special cash dividend of P1.0 per share to all shareholders on record as of July 9, 2025, with a payout date of July 31, 2025.

This is the first time the Bank is declaring a cash dividend, after a stock dividend was declared in September 1997. This clearly demonstrated the substantial improvement in the Bank’s financial standing over the past 27 years. 

PBCOM entered into a Financial Assistance Agreement with PDIC in March 2004. The entry of the ISM Group led by Eric Recto in 2011 resulted in the Bank getting out of the PDIC FAA in March 2014. Thereafter, the entry of the PG Holdings of Lucio Co in September 2014 as the Bank’s majority shareholder further strengthened the Bank’s recovery measures.

With steady income growth resulting from a focus on core businesses, the Bank obtained its Universal Bank license in December 2022.

PBCOM, which celebrated its 85th year in 2024, registered its highest net income of P2.2Billion, and was also awarded one of the 3 Forbes Asia’s Best Under a Billion in the Philippines that year.

Mr. Eric O. Recto, chairman of the board, stated that, “This is a noteworthy milestone in the long destiny of PBCOM with a lot of hard work and discipline. The Bank’s management, working closely with its major shareholders, has brought the Bank to a position of financial stability. This will provide a base for us to grow even bigger in the years to come.”

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