Philippine National Bank Financial Center (Pasay)

Philippines / National Capital Region / Manila / Pasay / Diosdado Macapagal Boulevard
The Philippine National Bank was established as a government-owned banking institution on July 22, 1916 with headquarters in the old Masonic Temple along Escolta, Manila. Its primary mandate was to provide financial services to Philippine industry and agriculture and support the government's economic development effort. World War I, then raging in Europe, generated huge demand for the country's major exports namely: sugar, copra, coconut oil, Manila hemp and tobacco. However, not much was being done to develop the industries that produced these sought-after crops since access to credit facilities was limited then. To solve this problem, Henderson Martin, Vice Governor of the Philippines, together with Mr. Miguel Cuaderno (who later became Central Bank governor) drafted the charter for a national bank.

In February 4, 1916, Public Act 2612 was passed by the Philippine legislature providing for the establishment of the PNB to replace the small P1 million government-owned Agricultural Bank. PNB's first head office was the Masonic Temple along Escolta, the then "Wall Street of the Philippines" in the bustling district of Sta. Cruz in Manila. An American, H. Parker Willis, was its first president.

Philippine National Bank Financial Center
Pres. Diosdado Macapagal Boulevard, Pasay City
Philippines 1300

Telephone: (632) 573-8888
Facsimile: (632) 573-4580
E-mail Address: customercare@pnb.com.ph

Website:www.pnb.com.ph

In this building

  1. PNB General Insurers Co., Inc.
  2. PAL ticketing office
  3. USAID office
  4. Air Philippines
  5. Figaro
  6. US Peace Corps
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  1. Office of the Vice President of the Philippines
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Wikipedia article: http://en.wikipedia.org/wiki/Philippine_National_Bank
Nearby cities:
Coordinates:   14°32'54"N   120°59'16"E
This article was last modified 7 years ago