Listed Philippine Bank of Communications has applied to the central bank for a universal banking (UB) license.
"This is to inform the Exchange that the Philippine Bank of Communications (PBCOM) submitted to the Bangko Sentral ng Pilipinas (BSP) its letter datted December 7, 2021, for the application to upgrade its commercial banking license to a universal banking license, subject to regulatory approvals," the lender said in a filing on Tuesday at the Philippine Stock Exchange (PSE).
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