The lender has dissolved its Consumer Finance and Enterprise Services sectors, while its Financial Management, Strategy and Sustainability group has been absorbed into the office of the chief financial officer.
PNB is also preparing to close its Bahrain Representative Office, pending regulatory clearance, trimming its overseas footprint.
In its latest annual report, PNB cited growing competition in the remittance business across 17 countries from both banks and non-bank players.
Despite this, its international footprint remains the widest among Philippine banks.
Leadership changes add to the overhaul, with executive vice president Jose German M. Licup retiring on Oct. 11, 2025, and senior vice president Ma. Lourdes S. Liwag stepping down on Oct. 9.
These moves come months after the appointment of president and CEO Edwin R. Bautista, known for driving UnionBank’s digital push.
—Edited by Miguel R. Camus
