PNB BAGS 2007 SSS BALIKAT NG BAYAN AWARD IN THREE CATEGORIES

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 18, 2007 -- The Philippine National Bank was recently awarded the 2007 SSS Balikat ng Bayan Award Hall of Fame as Best Paying Bank, the 2007 SSS Balikat ng Bayan Award for Best Collecting Bank for OFW Remittances and the 2007 SSS Balikat ng Bayan Award for Best Paying Commercial Bank. PNB President and CEO Mr. Omar Byron T. Mier received the three awards in a ceremony held last October 26, 2007 at the SSS Building.

The Hall of Fame Award is given to employers, collecting and paying banks and participating financial institutions in recognition of their invaluable support to the SSS programs and their long years of excellent performance as SSS partners.

PNB was awarded as Best Paying Bank during the years 1997, 1999, 2000, 2002, 2003, 2004, 2005 and 2006 or a total of eight (8) times, clearly indicative of the Bank’s outstanding accomplishment in championing the SSS mission. Accordingly, the Bank was bequeathed the Hall of Fame Award for its consistent practices over the years.

Also this year, the Bank emerged as the winner in the Best Collecting Bank for OFW Remittances category, garnering a rating of 86.5% based on the evaluation of the SSS International Affairs & Branch Expansion Division.

In order to qualify for the Best Collecting Bank Award for OFW Remittances, a bank has to have a significant quantity of overseas collection, extensive overseas presence, and affordable remittance services. This award reflects PNB’s responsiveness and unwavering commitment to fulfill the needs of both local and Global Filipinos.

Lastly, PNB topped the Best Paying Commercial Bank category with an overall rating of 87.45% as evaluated by the SSS Retirement, Death & Funeral Benefits Program. This award is given to accredited banks, which promptly deliver benefits to SSS members. Banks are evaluated in terms of the number of pensioners being served and the number of branches nationwide.

The Balikat ng Bayan Awards serve as PNB’s reassurance to uphold its commitment to its customers, employees and shareholders.

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