Tuesday 21 May
Mar 15, 2019 @ 8:16

PSBank jacks up capital base


This bank is serious about upsizing.

The Ty family’s Philippine Savings Bank (PSBank) showed just how determined they are to keep their market lead as the biggest thrift bank in the game.

The PSBank board of directors recently approved a higher authorized capital stock to a whopping P6 billion, coming from just P4.25 billion.

Bulk of this will come from a fresh bond offering.

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