The Philippine National Bank (PNB) said it considers the de-risking activities of foreign banks as an opportunity to expand its remittance business globally.
“If they de-risk, that is an opportunity for PNB for being one of the top remittance companies in the Philippines,” PNB head of Treasury Horacio Cebrero 3rd said in a press briefing following the bank’s Annual Stockholders Meeting on Tuesday.
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