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PBCOM president and CEO Patricia May T. Siy receives prestigious Asia’s Golden Icon Award

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PHILIPPINE Bank of Communications (PBCOM) proudly celebrates the remarkable achievement of its president and CEO, Patricia May T. Siy, who was honored with the Asia’s Icon for Transformational Impact in the Philippine Banking Industry award at the Asia’s Golden Icon Awards 2026.

The recognition highlights Siy’s exceptional leadership, unwavering commitment to excellence, and significant contributions to transforming the Philippine banking industry. Under her guidance, the Bank has continued to strengthen its position as a trusted financial institution while driving innovation, sustainable growth, and customer-focused banking solutions. This prestigious award reflects the positive impact of Siy’s vision and leadership in steering the Bank toward greater heights.

Siy expressed her gratitude towards PBCOM and its stakeholders, “This award belongs as much to our Board, my colleagues, and the entire PBCOM family, whose trust, dedication, and courage have made every milestone possible.

The Bank’s united commitment to serving our clients and communities inspires me every single day. I am also grateful to my family and friends, whose unwavering support has given me strength through both challenges and victories. As we look to the future, I accept this award not as the culmination of a journey, but as a reminder that there is still much that I can and need to do. Banking continues to evolve, and our responsibility is to ensure that innovation goes hand in hand with trust, inclusion, and compassion.”

Asia’s Golden Icon Award Trophy for Transformational Impact in the Philippine Banking Industry

The entire PBCOM family extends its heartfelt congratulations to Siy on this well-deserved recognition. Her dedication, integrity, and passion continue to inspire employees and reinforce the Bank’s commitment to serving its customers and stakeholders with excellence.

PBCOM also expresses its sincere appreciation to the Asia’s Golden Icon Awards for recognizing Siy’s outstanding contributions to the banking industry.

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Business

PBCOM president and CEO Recognized at Asia’s Influential Leaders Awards 2026

by Contributor
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PHILIPPINE Bank of Communications (PBCOM) president and CEO Patricia May Siy has been recognized at the Asia’s Influential Leaders Awards 2026 for her significant contribution to advancing Philippine banking excellence.

Under Ms. Siy’s leadership, PBCOM has delivered steady growth and achieved a major milestone with the granting of its Universal Bank status, strengthening its ability to serve clients with a broader range of financial solutions. She has guided the Bank in focusing on innovation, sound governance, and customer service, ensuring that PBCOM remains a trusted institution in the industry.

The Bank’s strong performance and commitment to excellence have also been affirmed through various prestigious recognitions. PBCOM was named among Forbes Asia’s Best Under A Billion in both 2025 and 2024, highlighting its consistent financial performance and strategic growth. It also received the Golden Arrow Award for Corporate Governance from the Institute of Corporate Directors Philippines in 2023 and 2022, underscoring its adherence to high standards of transparency and accountability. In 2021, PBCOM ranked 4th among Top Fixed-Income Dealing Participants by PDS Group, while earlier, it was honored with The Pagtugon Award by the Bangko Sentral ng Pilipinas in 2017 for its commitment to financial consumer protection.

Aligned with the Bank’s promise of “Together We Grow,” Ms. Siy has emphasized collaboration and inclusivity, ensuring that PBCOM’s progress benefits both its customers and the communities it serves.

Ms. Siy shared this recognition with all PBCOM employees, attributing the achievement to the Bank’s core values of PRIDE (Passion, Responsiveness, Integrity, Dynamism, and Excellence) which everyone upholds in delivering the company’s promise of “Together We Grow.” On a personal note, she also highlighted that her involvement in the Filipina CEO Circle (FCC) enables her to advocate for and empower more women leaders to reach their highest potential.

This recognition affirms Ms. Siy’s role in driving PBCOM’s transformation and her commitment to building a stronger, more resilient banking sector in the Philippines.

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Business

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

A fresh start for PBCOM Baguio Branch: New location, better service

by Contributor
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PBCOM celebrated the blessing and inauguration of its relocated Baguio branch on January 30, 2026. The branch was originally opened on Jan. 20, 2014, at Baguio Holiday Villas, Legarda Road, and has since served as a trusted banking partner for the Baguio community. 

To better accommodate clients and provide a more accessible and comfortable banking experience, the branch was relocated on Dec. 29, 2025, to Cedar Peak, Gen. Luna corner Mabini Streets, featuring enhanced facilities, improved service areas, and a modern facility and ambiance for both clients and staff.

The ceremony was graced by PBCOM president and CEO Patricia May Siy, along with distinguished guests: His Excellency Hermie Philipson Chua, Consul for the Republic of Cyprus; Sister Mary Elsa Cristina Sevilla, Sister of Good Shepherd; and May Grace Dalisay, owner of BD Scientia Medical Supplies, who participated in the ceremonial ribbon-cutting. After officially opening the doors, the branch blessing was officiated by Reverend Father Marion Joseph Nebres.

(From L-R) His Excellency Hermie Philipson Chua, Consul for the Republic of Cyprus; Sister Mary Elsa Cristina Sevilla, Sister of Good Shepherd; and Ms. May Grace Dalisay, owner of BD Scientia Medical Supplies; PBCOM Baguio business manager Grace Gaerlan, PBCOM North Luzon region head Misael Velasquez, and PBCOM president & CEO Patricia May Siy

The event was also attended by BBG sales head for Metro Luzon Sherwin Ng, region head Misael Velasquez, regional service manager Maricar Gamis. Leading the PBCOM Baguio team is business manager Marie Grace Gaerlan. The celebration was made even more special with the support of clients old and new, who joined in commemorating this milestone.

The inauguration marked not only a new chapter for the PBCOM Baguio Branch but also reaffirmed the Bank’s commitment to delivering exceptional banking services, fostering stronger client relationships, and providing a welcoming and innovative environment for the community it serves, truly reflecting PBCOM’s ‘Together We Grow’ spirit.

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Business

PBCOM declares P480.65-million cash dividends

by Contributor
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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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