PHILIPPINE Business Bank (PBB) has hiked its capital stock as it aims to expand its operations, it said on Friday. READ:
PHILIPPINE Business Bank has hiked its capital stock as it aims to expand its operations, it said on Friday.
Members of the board approved the bigger capital stock by adding 1.37 billion common shares priced at P10 apiece, from 870 million common shares priced at the same amount.“The increase in authorized capital stock is in preparation for the continuing expansion of the bank’s core deposit-and-lending business. An expanded capital base will allow the bank to grow its risk assets and provideThe lender said the capital hike has been approved by the Securities and Exchange Commission.
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