PSBank extends waived fees for InstaPay and PESONet transactions




Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, further extends the waiving of fees for PESONet and InstaPay transactions made via the PSBank Mobile App and PSBank Online until June 30, 2021.

PSBank aims to continue to encourage customers to take advantage of the opportunity to send money to other banks for free as well as do #SafePSBanking from home using its mobile and online channels for easier and safer transactions amid the continued surge of COVID-19 cases in the country.

“Our top priorities always include customer safety and convenience. That is why we want to ease their worries as much as we can--especially in these challenging times--mainly through extending the waived fees for mobile and online transactions until mid-year,” says Emmanuel Tuazon, PSBank Senior Vice President and Marketing Group Head.

 

 

 


PSBank posted net income of PhP439 million for Q12021; income before provisions up 8%

PSBank building photo

Philippine Savings Bank’s (PSBank) pre-provision operating profit was up 8% to PhP1.61 billion from a year ago owing to increase in other operating income, reduction in expenses and improved margins arising from reduced cost of funds. As the bank sustained its conservative provisioning strategy with a 39% increase versus last year, PSBank posted PhP439 million net income for the first quarter of 2021.

Gross revenues stayed flat year-on-year at PhP3.77 billion. Net interest income contracted slightly by 3% to PhP3.14 billion. Low-cost CASA deposits grew 12% to PhP67.86 billion, resulting in improvements in asset margins to compensate slower demand for retail loans during the pandemic. The Bank continued to reap benefits out of its operational productivity and efficiency initiatives. Operating expenses saw a decline of 6% from same period last year. Cost-to-income ratio further improved to 57% from 69% recorded last quarter.

“As the pandemic continues to affect the business environment, prudence dictates that we maintain a conservative stance on our provisioning to cushion any potential risks on asset quality. Our balance sheet has remained very stable with ample liquidity, and our capitalization strong. These ensure that the Bank is in the best position to take on opportunities when the economy starts to recover,” PSBank President Jose Vicente L. Alde said.

The Bank’s capital position was at PhP34.64 billion as of quarter-end 2021. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) further improved to 21.0% and 19.7% respectively, close to double the regulatory minimum. Total assets closed PhP227.5 billion, up 4% from December 2020. Net non-performing loans ratio went down to a manageable 4.3% from 5.2% of previous quarter-end.

PhilRatings gave PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook citing on the Bank’s strong capitalization thus having a strong capacity to meet its financial commitments relative to other Philippine corporates.

PSBank is the thrift banking arm of the Metrobank Group.


PSBank Annual Report Bags Silver Anvil Award

PSBank Annual Report Bags Silver Anvil Award

Philippine Savings Bank (PSBank) recently won a Silver Anvil for its 2019 Annual Report at the recently concluded 56th Anvil Awards.


The PSBank 2019 Annual Report entitled Redefining Journeys – Crossing Another Decade, showcased the significant changes the Bank made in its processes and systems, the way it effectively harnessed data and technology, and how it was able to engage its customers more actively by embedding a culture of service across all levels of the organization -- all geared towards making a positive impact in the lives of its customers.

The report’s theme Redefining Journeys conveys how the bank sets itself apart by elevating customer experience through employee enablement.

The annual Anvil Awards of the Public Relations Society of the Philippines recognizes public relations programs and tools that meet the highest PR standards. It is one of the most coveted prizes in the Public Relations industry as entries undergo a rigorous screening process handled by a distinguished multi-sectoral jury.



PSBank posted 31% growth pre-provision income; reports Php 1.108 Billion net income


PSBank
Philippine Savings Bank’s (PSBank) operating income surged to 31% before provisions to Php7.45 billion last year.  This enabled the Bank to set aside additional loan loss provisions to three times over to Php6.40 billion in view of the ongoing pandemic conditions. The Bank closed 2020 with Php1.108 billion net income.


“On the back of a strong balance sheet and capitalization, the Bank stayed resilient amidst the challenges of 2020.  As a matter of strategy, we took a conservative stance on credit provisioning in anticipation of risks associated with the pandemic.  The Bank prioritized the safety of its employees and customers by quickly instituting Covid-19 safety protocols.  We strengthened our digital platforms and made them reliable as the demand for digital banking services exponentially rose,” PSBank President Jose Vicente L. Alde said.

Gross revenues was 13% higher at Php16.57 billion. Net interest income showed improvement by 21% to Php 13.75 billion, owing to a significant growth in low cost CASA deposits and the decline in interest of term deposits. CASA deposits grew 16% to Php67.25 billion from Php58.18 billion. In line with initiatives to improve operating efficiencies, operating expenses were kept in check and increased by only 2%.

PSBank’s capital position remained strong at Php34.51 billion. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) further improved year-on-year to 19.4% and 18.1% respectively. Both are above the statutory requirement of 11% set by the Bangko Sentral ng Pilipinas. Total assets closed at Php219.41 billion. Net non-performing loans ratio was at a manageable 5.2%.

The Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, citing on the Bank’s highly-experienced management team and strong capitalization thus having a very strong capacity to  meet its financial commitments relative to that of other Philippine corporates.

In 2020, digital enrolments and utilization increased 56% and 143% respectively. The Bank waived fees for interbank transfers thru InstaPay and PESONet to further promote digital payments. By mid-year, PSBank made available the booking of time deposits via Mobile and launched the national standard-compliant QR Code for use in fund transfers/payments. For the safety and convenience of loan customers, settlement of PSBank loans via InstaPay was also made available in the last quarter of the year.

“As the economy slowly opens up in 2021, we shall remain positive and hopeful that our recalibrated business models will deliver and continue to adapt to the new environment. We will continue to pursue our digital transformation roadmap by delivering on what is relevant and simple for the customer,” President Alde added.


PSBank Extends FREE PaSend, InstaPay and PESONet Fund Transfers

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, will continue to waive fees for PaSend, and InstaPay and PESONet interbank fund transfers made via the Bank’s Mobile App and Online (Internet Banking) facilities until further notice.  This extension aims to further encourage the Bank’s customers to take advantage of the opportunity to send money to other banks for free, maximize the use of its reliable online banking facility, and utilize the powerful functionalities of its mobile application – allowing banking transactions to be done simply and safely in the comfort of their own home.  Since the start of the pandemic, PSBank has seen an exponential rise in the use of its digital banking services.  The Bank was digital-ready and was able to keep up with its customers’ requirements, thanks to the digital capabilities the Bank invested in over the years.   PSBank is still committed to improve on them given the fast adoption of consumers to non-contact platforms necessitated by the health crisis.  Just recently, PSBank made it possible for its customers to open a Peso Time Deposit with just a few taps on the Bank’s Mobile App.  The Bank also enabled clients to use QR Codes via its Mobile App so they no longer need to input nor memorize the account number and other details when transferring funds or making payments.  To add, for PSBank loan customers, the Bank made it easy and convenient for them to pay or transfer funds from their accounts in other Banks to their 15-Digit PSBank Loan Account Number thru InstaPay.

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, will continue to waive fees for PaSend, and InstaPay and PESONet interbank fund transfers made via the Bank’s Mobile App and Online (Internet Banking) facilities until further notice.

This extension aims to further encourage the Bank’s customers to take advantage of the opportunity to send money to other banks for free, maximize the use of its reliable online banking facility, and utilize the powerful functionalities of its mobile application – allowing banking transactions to be done simply and safely in the comfort of their own home.

Since the start of the pandemic, PSBank has seen an exponential rise in the use of its digital banking services.  The Bank was digital-ready and was able to keep up with its customers’ requirements, thanks to the digital capabilities the Bank invested in over the years.   PSBank is still committed to improve on them given the fast adoption of consumers to non-contact platforms necessitated by the health crisis.

Just recently, PSBank made it possible for its customers to open a Peso Time Deposit with just a few taps on the Bank’s Mobile App.  The Bank also enabled clients to use QR Codes via its Mobile App so they no longer need to input nor memorize the account number and other details when transferring funds or making payments.  To add, for PSBank loan customers, the Bank made it easy and convenient for them to pay or transfer funds from their accounts in other Banks to their 15-Digit PSBank Loan Account Number thru InstaPay.


PSBank loans can now be paid via InstaPay!


PSBank Loan Payments via InstaPay

No need to rush going to the branch to make loan payments over-the-counter. Just pay/transfer from your accounts in other Banks to your 15-Digit PSBank Loan Account Number thru InstaPay.

All you need to do is:

  1. Access your Other Bank’s online or mobile banking
  2. Select “InstaPay” from the “Fund Transfer” facility
  3. Select “PSBank” from the list of banks
  4. Input your 15-digit PSBank loan account number
  5. Review transaction details and tap “Submit”

Note: Maximum amount for transfer using InstaPay is PhP50,000 per transaction. 

For more information, click here for the FAQs.


PSBank Receives Highest Credit Rating from PhilRatings

Philippine Saving Bank (PSBank), the consumer and retail banking arm of the Metrobank Group, was assigned an Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, by local credit rating agency Philippine Rating Services Corporation (PhilRatings).

The rating reflects PSBank’s strong market position, highly-experienced management team, and sound capitalization and aggressive provisioning, which, among others, are seen to temper the pandemic’s impact on its loan portfolio.

As the highest Issuer Credit Rating, a PRS Aaa (corp.) evaluation signifies that a company has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates. On the other hand, a Stable Outlook is assigned when a rating is likely to be maintained or to remain unchanged in the next 12 months.

“We are honored to be recognized once again with PhilRating’s highest credit rating. Not only is it a testament to our creditworthiness and stability as a bank, but is also a welcome sign that we are managing the business well, and maintaining our resilience to weather the challenges for our people and customers,” says PSBank President Jose Vicente Alde.

Based on data from the Bangko Sentral ng Pilipinas, PSBank ranked first among thrift banks based on capital of P33.6 billion. It was also the country’s second largest thrift bank in terms of assets (P239.3 billion), deposits (P183.7 billion), and loans and receivables, net (P161.8 billion), as of end-March 2020.

Furthermore, PSBank has a solid franchise in the consumer loans market and is a strong player in the auto loans segment. It holds an 18% share of the thrift bank sector’s portfolio for 2019, an improvement from its 16.9% market share in 2018.

Moreover, PhilRatings cited PSBank’s experienced management team as a strong pillar of support for the bank. In particular, it noted Alde’s strong background in Information Technology, Treasury, and Bank Operations which helps the bank thrive especially now that digital banking is seen to continue to increase in importance.

Prior to the COVID-19 pandemic and the ensuing lockdowns, PSBank has laid the groundwork and achieved notable progress in the implementation of its digital transformation. Its continuous digitalization of products and services, channels (PSBank Mobile App and PSBank Online), and processes (via branch or online banking) are intuitively-designed to adapt to changes in consumer behavior, enhance customer experience, and improve operational efficiency.

More importantly, keeping the banks’ digital channels robust and future-ready is inherent to its commitment of encouraging customers’ digital adoption and meeting their ever-evolving demand for personalization and convenience--all while enabling access to their finances despite restrictive movements and heightened safety protocols.

“This exemplary credit rating further motivates us to serve our customers better, using the right channels, and coupled with relevant products and services so they continue to benefit from our simple lang, maasahan banking promise,” adds Alde.

As a recent example, PSBank also announced that it is extending its waiving of fees for PesoNet and InstaPay transactions made via the PSBank Mobile App until further notice. This move aims to further encourage digitally-inclined and new account holders to maximize the use of digital payments in the new normal.


PSBank Posted PhP1.33 Billion Net Income for the first 9 months of 2020

Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, registered a net income of PhP1.33 Billion for the first 9 months of 2020. Gross revenues improved to PhP13.3 billion, higher by 23.9% year-on-year, with net interest income increasing by 27.6% to PhP10.4 billion. Other operating income, inclusive of net service fees and commission income, was up 11.9% to PhP2.8 Billion versus the same period last year on the back of higher trading and securities gains. 

As of September 2020, total assets closed at PhP214.7 billion. Net non-performing loans ratio was at 4.0% with total loans and receivables at PhP150.4 billion. To cushion the potential impact of the pandemic, PSBank boosted its loan provisioning to PhP5.3 billion which is 3x higher versus the same period last year. The Bank’s capital position remained strong at Php 34.9 billion with Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) at 18.6% and 17.7% respectively. Both are above the minimum required level set by the Bangko Sentral ng Pilipinas.

“PSBank continues to take a conservative stance on credit provisioning amid the present business landscape while leveraging on operating efficiencies and focusing on our digital transformation roadmap. We are proud to be rated PRS Aaa (corp.) by PhilRatings which signifies a strong and continuous confidence in our institution even during this challenging times.” PSBank President Jose Vicente Alde said.

Recently, Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, citing on the Bank’s highly-experienced management team, its strong market position, and its sound capitalization and aggressive provisioning which are seen to temper the pandemic’s impact on the loan portfolio. A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates, while a Stable Outlook is assigned when a rating is likely to remain unchanged in the next 12 months.

PSBank has seen an exponential rise in the use of its digital banking services, and is committed to improve on them given the fast adoption of consumers to non-contact platforms brought about by the pandemic. The Bank continues to waive its fees on interbank fund transfers via InstaPay and PesoNet in support of the industry’s shift to digital payments.


PSBank’s H1 Net Income at P1.3B



Philippine Savings Bank (PSBank), the thrift-bank arm of the Metrobank Group, posted PhP1.3 billion in net income for the first semester of 2020, slightly down by 5% compared to the same period last year. Net income for the second quarter was at PhP647.6 million, up 0.2% from the previous quarter.

Core business was strong with net interest income growing by 37.2% to PhP7.2 billion, up PhP2.0 billion versus same period last year. This was primarily driven by improved margins brought by lower interest expense on deposits in the first half of 2020. Other operating income grew by PhP310.2 million mainly from the sale of securities.

Total loans and receivables increased by PhP319.5 million or 0.2% to PhP161.1 billion from PhP160.8 billion in the previous year. Total resources grew by 0.7% to PhP233.2 billion from PhP231.5 billion. Gross non-performing loans ratio was at 3.7%.

Total deposit level was almost flat at PhP178.1 billion with low cost deposits improving by 13.4%, reaching PhP63.4 billion.

PSBank’s balance sheet remains strong with a capital of PhP35.2 billion. Total Capital Adequacy Ratio was at 18.1% while Common Equity Tier 1 Ratio (CET1) was at 17.2%. Both are above the minimum required level set by the Bangko Sentral ng Pilipinas.

Excluding provisions for impairment and credit losses, growth in operating expenses was muted at 6.2% year-on-year as the Bank continuously devoted resources to improve efficiency and productivity. Credit provisioning was accelerated at more than double to PhP2.8 billion in the first semester versus same period last year to cover for assessed future impact of the COVID-19 crisis.

“We uphold our efforts in increasing our customers’ sense of protection whether they are in our branches or at their homes. We’ve sustained and strengthened safety protocols in our premises and launched additional secured digital services for online and mobile transactions. PSBank is likewise taking the conservative stance of building up its loan provisions in anticipation of potential risks due to the pandemic,” President Jose Vicente Alde said.

PSBank recently launched its Mobile Peso Time Deposit placement, a digital service made available in the PSBank Mobile app which allows clients to open Peso Time Deposits from the comfort of their home, 24/7 with just a few taps on their mobile phone. The Bank also made a QR feature available in its Mobile app. With the PSBank QR you may instantly request, receive and send, or transfer funds from both PSBank and third party accounts including those of QRPh participating institutions thus eliminating the tedious process of encoding account information at every transaction.


PSBank made QR feature available in its Mobile app for safer banking in the new normal

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, made QR facility available in its Mobile App with the aim to provide another safe and secure way to bank amid the current health crisis situation.

With this new digital service, customers no longer need to leave the comforts of their homes nor worry about their health and safety when managing their finances.

The PSBank QR likewise reduces errors or risks as it eliminates the need to provide and enter long, confusing account information. Through a few simple taps on their PSBank Mobile App, clients may scan or upload QR codes to send funds to PSBank and other QRPh participating bank accounts. Customers may also generate their own QR code and send to persons for them to receive funds or payments more conveniently.  Moreover, one does not need to generate, request for nor send another QR code as it can be saved in one’s mobile phone for future requests or fund transfer transactions.

Utilizing the benefit of QR technology and mobile apps, the new PSBank QR feature simplifies and secures person-to-person (P2P) payments or fund transfers to allow individuals to move their money with ease and flexibility as they adapt to the new normal.

The PSBank Mobile App QR facility is in support of the Bangko Sentral ng Pilipinas’ National QR Code Standard (QRPh) initiative for safe, convenient, and seamless P2P payments and fund transfers.

Click here for more information on the PSBank Mobile App QR facility






PSBank bares new mobile app feature that allows TD placements from home

 

 

As the COVID-19 pandemic has pushed the country into what many call the new normal, social distancing and stay-at-home protocols have become part of the Filipinos’ way of life. With the limitations and restrictions of the COVID-19 community quarantine, easy and secure access to banking services has become a great need for Filipinos.

In response to this, Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, has launched its PSBank Mobile Time Deposit (TD) placement, a digital service that allows clients to open Peso Time Deposits from the comfort of their home, 24/7, with just a few taps on their mobile phone. 

With the new service, clients no longer have to worry about visiting the bank or risking exposure when it comes to growing their hard earned money in the new normal. They can easily invest their excess funds via PSBank Mobile App and enjoy higher rates and gain better returns even from their home. 

The PSBank Peso Time Deposit is an investment option for customers who may have excess funds and are willing to set them aside over an extended period of 30, 60, or 90 days, with guaranteed fixed-rate returns. It earns higher interest rates as compared to traditional savings accounts. At PSBank, interest rates for TD placements are based on the client’s total TD balance. The higher the balance amount, the higher the interest rate. 

To open a PSBank Peso Time Deposit account, clients simply need to log-in to PSBank Mobile App, tap on ‘Place Time Deposit’ from the ‘Create a Transaction’ menu in ‘View My Accounts,’ and enter the Amount, Term, and Maturity Instruction

A minimum placement of PhP10,000 is required to open a Peso Time Deposit account. Clients may nominate either a Checking or a Savings account as the source for the investible funds and where payouts of principal or interest earnings will be credited upon maturity. Clients may also opt to transfer funds from their other bank accounts to their PSBank account to fund their TD placement and start earning more. 

This addition to PSBank’s digital service offerings is part of the Bank’s commitment to continuously evolve with the changing and growing needs of its customers. By utilizing the mobile platform, the Bank aims to provide a versatile app that could service our clients in ways most convenient for them, and that is attuned to their changing lifestyle. 

Click here for more information on PSBank Mobile TD Placement. 



Click here for the full list of billers. 

 

 


PSBank QR Frequently Asked Questions

 

  1. What is the PSBank QR?

    The PSBank QR is a digital functionality available in PSBank Mobile App. With the PSBank QR you may instantly request, receive, and send or transfer funds from both PSBank and third party accounts, or other QRPh participating institutions.  A QR code is a two-dimensional barcode that can be read using a smartphone. It’s a quick, convenient, and safe way to request, send or transfer funds, eliminating the need to enter long and confusing account information.

Note: Payments to Merchants and Billers are not yet available.

  1. What are the QRPh participating banks?

Sender and Receiver:

  • Asia United Bank
  • Chinabank
  • Landbank
  • Metrobank
  • PSBank
  • RCBC
  • Union Bank

Receiver: 

  • PayMaya

  1. What are the available features of the PSBank QR?

The available features of the PSBank QR are:

  • Generate QR – to request funds
  • Scan or Upload QR - to send or transfer funds

  1. What are the eligible receiving accounts when generating a PSBank QR?

The following accounts are eligible receiving accounts:

  • PSBank Peso Current/Checking Account
  • PSBank Peso Savings Account
  •  PSBank Prepaid Mastercard Account

  1. What are the eligible source accounts to send or transfer funds via QR?

The following accounts are eligible as source accounts:

  • PSBank Peso Current/Checking Account
  • PSBank Peso Savings Account
  • PSBank Prepaid Mastercard Account

  1. What are the required information to generate a QR Code?

All required information to generate a QR Code are automatically filled in except for the amount which you may or may not provide, to give the Sender the freedom to indicate the amount he/she wishes to send or transfer.

Note: Amount should not exceed the daily transaction limit of PhP50,000.

  1. How can I generate PSBank QR using the PSBank Mobile App?

You may generate a PSBank QR from the following PSBank Mobile App modules:

  • Side menu
  • “Create a Transaction”
  • QR Quick links

To generate PSBank QR from the Side Menu:

  1. Log-in to PSBank Mobile App
  2. From the side menu, select the “QR” icon
  3. Tap “Generate QR”
  4. Choose the receiving account
  5. On the “QR Details” screen, the QR Code name will auto-populate. On the “Amount” field, you may or may not indicate the amount.
  6. Click “Proceed.” The generated QR Code will be displayed.
  7. Select “Save QR” or “Share QR”

If you choose “Save QR,” it will be stored in the gallery of your mobile device under the PSBank folder. On the other hand, if you choose “Share QR,” icons of available social media will be displayed.  To share the PSBank QR, you may present it immediately to the Payer or select from the social media icons displayed.

To generate PSBank QR from “Create a Transaction”:

  1. Log-in to PSBank Mobile App
  2. On the “My Accounts” screen, choose the receiving account and tap “Create a Transaction”
  3. Select “QR”
  4. Tap “Generate QR”
  5. On the “QR Details” screen, the QR Code name will auto-populate. On the “Amount” field, you may or may not indicate the amount.
  6. Click “Proceed.” The generated QR Code will be displayed.
  7. Select “Save QR” or “Share QR”

To generate PSBank QR from QR Quick Links:

  1. On the PSBank Mobile App log-in screen, tap the “QR” icon
  2. Tap “Generate QR”.
  3. Enter your log-in details.
  4. Choose the receiving account.
  5. On the “QR Details” screen, the QR Code name will auto-populate. On the “Amount” field, you may or may not indicate the amount.
  6. Click “Proceed.” The generated QR Code will be displayed.
  7. Select “Save QR” or “Share QR”


  8. How do I transfer funds via PSBank QR?

You may scan or upload the PSBank QR or the QR of other QRPh participating institutions from those saved in the gallery of your device to transfer funds.

Reminder: For your security and to avoid transferring funds to the wrong account, please ensure that the PSBank QR or the QR of other QRPh participating institutions you received came from the Requestor/Target Recipient.

  1. What are the transaction limits for PSBank QR?

                                                                                                LIMITS

No. of Fund Transfer Transactions per Day           No Limit

Limit per Account per Day                                         PhP50,000

Limit per Transaction                                                    PhP50,000

  1. How do I Scan or Upload the PSBank QR or QR of other QRPh participating institutions?

You may Scan or Upload the PSBank QR or QR Code of other QRPh participating institutions from the following PSBank Mobile App modules:

  • Side menu
  • “Create a Transaction”
  • QR Quick links

To Scan PSBank’s or other QRPh participating institutions’ QR Code from the Side Menu:

  1. Log-in to PSBank Mobile App
  2. On the side menu, select the “QR” icon
  3. Tap “Scan QR”
  4. Scan the QR Code received
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Scan PSBank’s or other QRPh participating institutions’ QR Code from “Create a Transaction”:

  1. Log-in to PSBank Mobile App
  2. On the “My Accounts” screen, choose the source account and tap “Create a Transaction”
  3. Select the “QR” icon
  4. Tap “Scan QR”
  5. Scan the QR Code received
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Scan PSBank’s or other QRPh participating institutions’ QR Code from Quick Links:

  1. On the PSBank Mobile App log-in screen, tap the “QR” icon
  2. Select “Scan QR”
  3. Scan the QR Code received
  4. Enter your Log-in details
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Upload PSBank’s or other QRPh participating institutions’ QR Code from the Side Menu:

  1. Log-in to PSBank Mobile App
  2. On the side menu, select the “QR” icon
  3. Tap “Upload QR”
  4. Choose a QR Code from those saved in the gallery of your device
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.


To Upload PSBank’s or other QRPh participating institutions’ QR Code from “Create a Transaction”:

  1. Log-in to PSBank Mobile App
  2. On the “My Accounts” screen, choose the source account and tap “Create a Transaction”
  3. Select the “QR” icon
  4. Tap “Upload QR”
  5. Choose a QR Code from those saved in the gallery of your device
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Upload PSBank’s or other QRPh participating institutions’ QR Code from Quick Links:

  1. On the PSBank Mobile App log-in screen, tap the “QR” icon
  2. Select “Upload QR”
  3. Choose a QR Code from those saved in the gallery of your device
  4. Enter your Log-in details
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

  1. How do I know if the transaction was successful?

For Generate QR, the generated QR Code will be displayed.  For Scan QR or Upload QR, aside from the in-app notification, a confirmation via SMS and email will be sent to your registered mobile number and email address, respectively.

  1. What are the applicable fees when using PSBank QR?

  • Generate QR                                                                    - FREE
  • Transfer funds to PSBank accounts via QR           - FREE  
  • Transfer funds to Other Bank accounts via QR   - Waived (until further notice)

  1. Can I cancel or change the QR code I generated, scanned or uploaded?

To cancel the PSBank QR Code you’ve generated, simply select or tap “Home”.

On the other hand, you may cancel “Scan or Upload QR Code” transactions by simply tapping “Home,” for as long as the One-Time Password (OTP) has not been encoded.

Please note that once the OTP is encoded, the transaction will already be processed and funds will be transmitted instantly.

      14.  What should I do if I have concerns or questions on PSBank QR Facility?

For inquiries or concerns on PSBank QR Facility, you may call our 24/7 Customer Experience Hotline at (632) 8845-8888, e-mail us at [email protected] or visit any PSBank Branch. You may also reach us via PSBank [email protected]






PSBank Mobile TD Placement Frequently Asked Questions

 

  1. What is the PSBank Mobile Time Deposit placement feature? 

    PSBank Mobile Time Deposit (TD) placement  is a digital service / functionality now made available in the PSBank Mobile App which allows clients to open Peso Time Deposits from the comfort of their home, 24/7 with just a few taps on their mobile phone.

    Note:  TD Placements made on weekends or holidays will be processed on the next banking day

  2. What is a PSBank Peso Time Deposit account?

    PSBank Peso Time Deposit is a form of investment for those customers who may have excess funds and are willing to set them aside over an extended period of 30, 60, or 90 days; and with guaranteed fixed-rate returns. It earns higher interest rates as compared to traditional savings accounts.

    Click here for the prevailing interest rates.

    Note: The Interest rate for TD placements made  via PSBank Mobile App will be based on the client’s  total/ aggregated Peso TD balance with the Bank.

  3. What is the minimum amount needed to open a PSBank Peso Time Deposit account

    The minimum initial placement is PhP10,000.  Note though that the account balance should have at least the required maintaining balance and the PhP10,000 initial time deposit placement amount.

    Example:  The maintaining balance for PSBank Regular Passbook Savings Account is PhP5,000.  Add the intended initial placement amount to that. As such, the Account should have at least PhP15,000. If the account is less than PhP15,000, the TD placement transaction will not push through.

  4. Is there a limit on the amount of time deposit that I can place?

    There is no maximum limit in placing a PSBank Peso Time Deposit via PSBank Mobile. You need to keep the required maintaining balance in the source account ( for the TD funds) as explained in #3.

  5. What are the requirements in placing a Peso Time Deposit using PSBank Mobile app?

    In placing a PSBank Peso Time Deposit via PSBank Mobile app, you will need:

    a.) An active Savings or Current/Checking account (Individual / Joint OR account) as your source account for the investible funds and where payouts of principal or interest earnings will be credited;

    b.) Account is enrolled in PSBank Mobile app; and,
    c.)  PhP10,000 minimum initial placement.

    Notes:

    * PSBank Prepaid Mastercard account is not eligible as a source account.
    * The account balance of your source account should have at least the required        maintaining balance and the PhP10,000  initial time deposit placement amount.
    * Account ownership of source account will be exactly the same with the TD account

  6. How do I open a PSBank Peso Time Deposit account using the PSBank Mobile app?

    To open a Peso Time Deposit placement via Mobile, you simply need to:
  1. Log-in to PSBank Mobile App
  2. Go to “View My Accounts”
  3. Select “Create a Transaction”
  4. Select “Place / Open Time Deposit”
  5. Select your source account
  6. Input the amount you want to place, then click the “Proceed” button
  7. Choose from 30, 60, 90 days term and provide your maturity payout instruction
  8. Review the details then click on the “Submit” button

 

  1. What type of Time Deposit account can I place?

    Currently, we offer short-term Peso Time Deposit via PSBank Mobile app. Tenors available are: 30, 60, or 90 days.

    Upon maturity of the time deposit, you may choose to:  
  •  Payout Principal and Interest Upon Maturity
  •  Payout Interest and Rollover Principal Upon Maturity
  •  Rollover Principal and Interest Upon Maturity

    Note: For Rollover maturity instructions, the same/original term will be followed.

  1. Is there a fee in opening a Peso Time Deposit account via PSBank Mobile?

    This service is FREE OF CHARGE.

  2. How will I know if my PSBank Mobile Time Deposit Placement was successful?

    Your newly opened TD account will automatically be included in your list of enrolled accounts under “View My Accounts.” You will also get an SMS notification and a Confirmation Advice sent to your registered email.

  3. Can I add funds or make partial withdrawal from the principal amount during the term period or before the maturity date?

    No, you cannot add funds or make partial withdrawal during the term period or before the maturity date.  Partial withdrawal shall be considered as pre-termination of the account, subject to pre-termination charges computed as:

    Penalty + Withholding Tax + Documentary Stamp Tax

  4. How do I change my maturity instruction?

    To change your maturity instruction, select the Time Deposit account you want to change, go to “Change Maturity Instructions” then apply your changes. It is advisable to change maturity instructions two (2) days prior to maturity date.

  5. Where will my time deposit funds be credited/ paid-out once my Time Deposit has matured?

    It will be credited to your identified source account once your Time Deposit has matured.

  6. How do I pre-terminate or close my Peso Time Deposit account which I opened via PSBank Mobile app?

    To pre-terminate your account, select the Time Deposit account you want to pre-terminate, go to “Pre-Terminate Account”. After that, just review and confirm your pre-termination request. Net Proceeds will be credited to your source/settlement account.

  7. What should I do if I have concerns or questions on my PSBank Mobile Time Deposit placement?

    For inquiries or concerns on your PSBank Mobile Time Deposit placement, you may call our 24/7 Customer  Experience Hotline at (632) 8845-8888, e-mail us at [email protected] or visit any PSBank Branch. You may also reach us via PSBank [email protected]

PSBank Registers Q1 2020 Net Income of PhP646.2 Million

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, recorded a net income of PhP646.2 million for the first quarter of 2020. Net interest income grew 21.8% to PhP3.2 billion versus the same period last year while net service fees reached PhP458.1 million. Net Income for the first quarter of 2020 is lower by 5.1% on increased credit provisioning.

Total loan portfolio as of the first quarter of this year grew by 3.6% to PhP165.0 billion coming from the strong demand in the first two months of this year prior to the Enhanced Community Quarantine (ECQ) period. This contributed to total assets growth of 1.8% year-on-year to PhP240.3 billion. Low-cost deposits improved by 10.2% reaching PhP60.6 billion. Gross non-performing loans is stable at 3.7%.

PSBank’s balance sheet remains strong with capital of PhP34.8 billion. The Bank’s total Capital Adequacy Ratio (CAR) of 17.2% is well above the regulatory minimum of 10%.

“PSBANK has a strong balance sheet and capital position coming into this unprecedented situation. Cognizant of the potential impact of the pandemic to the economy, we decided to exercise prudence by increasing provisions to 150% versus previous year. During the quarantine period, the Bank continued to operate 80% of its branches while keeping in place precautionary measures to ensure that our customers and employees are safe. Both customer and IT support were further strengthened to keep our online banking services available 24/7, this being the alternative banking channel during these times,” PSBank President Jose Vicente Alde said.

To assist customers during this period, the Bank put together an easy-to-use ‘Quick Customer Enquiries’ module in its website which shows information on daily branch schedules, fraud protection tips, loan payment grace periods, and how-to guides on banking services. PSBank ensured the availability of safe and convenient digital banking services for customers to still do their banking transactions: Check deposit using the PSBank Mobile Check Deposit facility launched in September 2019; Mobile and Online fund transfers via InstaPay and PESONet; PaSend for mobile cash remittances withdrawable from over 1,000 combined PSBank and Metrobank ATMs nationwide; payment of bills via mobile or online; and 24/7 cash availability in PSBank ATMs. PSBank likewise made it easy for customers to reach the bank through various communication platforms: Chatbot “ISSA” via FB Messenger (Interactive, Speedy & Simpleng Assistant) for quick queries; “LiveChat” if customers wish to interact with our Customer Associates; and our 24/7 Customer Experience Hotline for phone-in concerns.


PSBank’s Net Income Climbs to PhP3 Billion

PSBank’s Net Income Climbs to PhP3 Billion

Philippine Savings Bank (PSBank) registered PhP3.03 Billion in net income in 2019, up 13.8% from PhP2.66 Billion in 2018. This translated to a return on equity of 10.3% and a return on assets of 1.3%.

The Bank’s profits came from the growth of both its core net interest margin and other operating income, supplemented by upsides from operating efficiencies. PSBank’s revenue grew 2.8% year-on-year, from PhP14.20 Billion in 2018 to PhP14.60 Billion in 2019; while operating expenses, excluding the provision for impairment and credit losses, amounted to PhP8.91 Billion, PhP256.89 Million or 2.8% lower versus 2018.

“The Bank’s strategy on core growth brought positive results despite the volatile environment in 2019. Challenges were met head on, reinforced by significant contributions from all the Bank’s business units. We had big wins during the year as we were able to focus on operational efficiency and sustained cost discipline across the organization. 2019 was also marked with the introduction of new digital initiatives, such as PaSend and Mobile Check Deposit, which effectively complemented our “Simple Lang, Maasahan” mantra. We are looking forward to an exciting 2020, empowered with the same passion and commitment,” said PSBank President Jose Vicente L. Alde.

The Bank’s total loan portfolio rose by 4.7% to PhP164.11 Billion, driven by the Bank’s consumer loan business. Despite an increase in risk assets, the NPL ratio improved to 3.6% from 4.2% in the previous year from continued improvements in credit quality. Total resources were at PhP224.91 Billion, down 5.4% year-on-year, while total deposits were also lower by 14.0% to PhP172.51 Billion, as the Bank continues to rebalance its funding mix to focus on retail and alternative sources. PSBank was able to raise PhP6.3 Billion in its two-year maiden Peso Fixed Rate Bond offering last July 1, 2019 with an interest rate of 5.6%. Total equity was at PhP34.46 Billion, up by 41.3%. PSBank also completed its PhP8.0 Billion stock rights offer last January 2019. The offer was priced at PhP56.00 per share. The Bank’s Total Capital Adequacy Ratio was at 17.8% while Common Equity Tier 1 Ratio was at 16.8%. Both are well above the Bangko Sentral ng Pilipinas’ minimum required level.

PSBank was given a number of awards and recognitions in 2019, which include the Bangko Sentral ng Pilipinas Pagtugon Award for excellence in customer service — PSBank’s fourth Pagtugon Award since 2015. The Bank likewise received the Outstanding Partner for Digital Innovation recognition from the BSP.

PSBank currently has 250 branches and 557 ATMs strategically located nationwide.


PSBank Bags a Gold and two Silvers at the 55th Anvil Awards

PSBank Bags a Gold and two Silvers at the 55th Anvil Awards

Philippine Savings Bank (PSBank) won big once again as it secured three prestigious recognitions at the recently-concluded 55th Anvil Awards, held at the iconic Manila Hotel. Dubbed as the “Oscars” of the PR industry, the Anvil Awards are presented yearly by the Public Relations Society of the Philippines (PRSP) in recognition of excellent campaigns which impact society.

PSBank took home a Gold Anvil for its long-running financial literacy programs – Good to Know and Be Aware, which have proven to be effective public awareness campaigns in informing and educating its customers, as well as the general public on how financial resources work and how their hard-earned money can be protected from fraudsters. These campaigns are also in strong support of the Bangko Sentral ng Pilipinas’ Financial Consumer Protection (FCP) efforts.

The Bank was also given a Silver Anvil for its “Innovating to Lead” themed 2018 Annual Report, which garnered impressive feedback from its more than 700,000 stakeholders post-distribution, testament to how it successfully transformed and injected an innovation mindset in its culture.

Another Silver Anvil was likewise awarded to the Bank for its popular PaSend and Mobile Check Deposit TV commercials, which not only surpassed a million views in just a few days after release — but also influenced a significant increase in PSBank mobile app enrolments and transactions in the short period following their launch.

These select awards showcase the Bank at its prime, and point to its continued outstanding efforts and leadership initiatives in the industry — which are all underscored by its purposeful mission to be always the best in offering simple and reliable banking services.

For more information on PSBank and its suite of products, services, and offerings, please check out www.psbank.com.ph. You may also visit any of the Bank’s 250 branches nationwide.


Good to Know: This 2020, Save Up to Level Up with PSBank

Each new year comes with the promise of a better future for many individuals and families. To most, it is the opportune time to achieve new goals, to upgrade standards of living, and to seize new, exciting opportunities.

PSBank, everyone’s “simpleng maaasahan” bank recognizes the importance of this period, marked by resolutions and commitments — and invites all to make a firm, positive decision to progress in the attainment of their aspirations, through the act of purposefully saving money.

The Bank believes that this allows one to level up, to grab what the new year and the new decade has to offer to those who actively prepare for it.

Look through these exciting ways on how you can grow your funds surely and securely this 2020 through PSBank’s Savings Account offerings:

PSBank ATM Savings – Commit to have an Average Daily Balance of PhP5,000, and have the benefit of earning a fixed interest rate as you further save. Access your account securely any time of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide. You can also avail hassle-free settlements of your utility and credit card bills, and experience the convenience of cashless shopping through BancNet’s electronic payment facility.

PSBank Regular Passbook Savings – Whether you’re saving up for an investment, a special life event, or an emergency fund, you can be assured that PSBank will make it easy for you. Having a Regular Passbook Savings Account gives you the benefit of also earning a fixed interest rate, and provides you a convenient way to monitor all your transactions.

PSBank Passbook with ATM – Maintaining a Passbook with ATM account with PSBank offers more than convenience and fixed interest rates. It also comes with a PSBank Debit Mastercard that allows you to safely access your funds, whether you are in the country or abroad.

PSBank Kiddie and Teen Savers – For those with children, starting kids early on the habit of saving will impart a discipline that will carry them throughout life. PSBank’s Kiddie and Teen Savers accounts are accompanied by free personal accident insurance from the Charter Ping An Insurance Corporation, allowing your child or teen the possibility of getting coverage equivalent to five times the value of the Average Daily Balance. These accounts may be opened as In-Trust-For (ITF) accounts, as joint accounts, or as individual accounts for each of your children.

PSBank Personal Checking Account – Possess check-writing flexibility for worry-free payments of your bills and other financial transactions whenever you need it. Open this account at any of the Bank’s branches and enroll in PSBank Mobile and PSBank Online to experience delightful banking moments.

PSBank’s Senior Vice President and Marketing Group Head Emmanuel Tuazon says, “As we enter this new year, we want to give our customers the ability and resources to become their best selves, through disciplined saving. We are confident that our suite of diverse Savings Accounts will allow them to do just that, and more — by instilling in them the importance of being prepared, and of having the mindset of constant improvement. We invite everyone to check out all of our products and services today.”


Good to Know: Embrace New Beginnings, Partner with PSBank this 2020

The New Year is undoubtedly one of the most exciting times of the season. This is the period when people, young and old alike, take the chance to remember the events of the year that has passed and look forward to the many opportunities that are in store for them.

As families and individuals enter a new decade, goals are created, revived, and are actively set in place. PSBank, as everyone’s “simpleng maaasahan bank” recognizes these aspirations in the lives of its customers — and purposefully presents solutions that allow it to be a reliable, consistent partner in the achievement of these important plans.

With its wide, innovative, and secure range of banking services and products, PSBank ensures that excuses fly out of the window — surely, there is no better time to seize the moment and take the chance to live life to the fullest.

Check out these PSBank offerings today, and see how you can make 2020 your best year ever:

PSBank ATM Savings – Grow your money and have the benefit of earning a fixed interest rate with a bank you can trust, as you work towards accomplishing your goals. Have the privilege of accessing your account anytime of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide.

PSBank Cardless Withdrawal – Forgot your ATM? PSBank assures you that you don’t have to worry about it, ever. With just a few taps on your smartphone, you’ll able to safely withdraw your hard-earned cash from over 599 ATMs nationwide. That’s peace of mind — ight in the palm of your hand.

PSBank Mobile Check Deposit – New year, new way of depositing checks. No longer do you have to physically go to a bank to get them cleared. Now all you have to do is take a photo through PSBank’s Mobile App, and you’re all set.

PSBank PaSend – Sending cash is no longer a chore with this remittance service. For a very minimal transaction fee, you can easily send money to family, friends, and partners, anytime and anywhere — even to those who don’t have an account with the Bank. The funds you send may be withdrawn 24/7 at any PSBank or Metrobank ATM.

PSBank Time Deposit – Be more as you do more with your money. With PSBank’s Time Deposit offering, not only do you enjoy a low initial deposit amount, but you also gain profit in as fast as 30 days. Talk to PSBank and we’ll help you understand and manage your account as our firm commitment.

PSBank Auto Loan – Have you been eyeing a new car for your family or for yourself? PSBank has got you completely covered. Offering competitive interest rates and a fast approval time, the Bank will surely make possible the deal you’ve been craving for. Enjoy the bank’s Prime Rebate feature when you avail its Auto Loan which lets you earn discounts on your loan when you make advance or excess payments on your monthly due.

PSBank Home Loan – Experience the family lifestyle you’ve been working so hard for this coming year through PSBank’s Home Loan. Enjoy loan approval in as fast as 24 hours, with convenient terms, and even better rewards. Benefit from Bank’s Prime Rebate feature — making the process of purchasing your new house even more fulfilling.

PSBank Personal Loan – This 2020, have the funds that will enable you to realize your travel and other life goals. PSBank’s Flexi Personal Loan, which also comes with Prime Rebate, is a collateral-free personal loan product with a revolving credit line and a fixed-term loan. The product comes with an ATM card, allowing you access to day and night banking from PSBank ATMs nationwide.

PSBank Money Market Fund – Create new possibilities in the coming decade: instead of being just a depositor, be an investor! With PSBank’s Money Market Fund, the Bank’s first Unit Investment Trust Fund (UITF), you can have a team of experts closely manage your investment for a minimum of PhP10K. These partners will choose from different low-risk financial instruments to optimize your returns, giving you an affordable liquid investment option. Now is the time to invest in your future!

PSBank’s Senior Vice President and Marketing Group Head Emannuel A. Tuazon says:

“Celebrate new beginnings this year with the Bank that journeys with you everyday, a trusted and reliable group that puts your best interests at the heart of everything it does. With PSBank’s full suite of future-ready offerings, you can now confidently seize opportunities and make this new year, this new decade, a time of turning your big dreams into reality. We invite you to check out our products and services today!”


PSBank Returns to the PDEx Bourse with its PhP4.65 Billion Series B 3-Year Fixed Rate Bonds

In the photo from left are: First Metro Investment Corporation President Rabboni Francis Arjonillo, Standard Chartered Bank Chief Executive Officer Lynette Ortiz, Metropolitan Bank & Trust Company First Vice President Benigno Tobias, Philippine Savings Bank Senior Vice President and Treasurer Perfecto Ramon Dimayuga, Jr. and Philippine Dealing & Exchange Corp. President and Chief Operating Officer Antonino Nakpil


Philippine Savings Bank (PSBank) returns to the organized secondary fixed income market for the listing of its 3-year PhP4.65 billion fixed rate bonds — the second tranche of PSBank’s PhP40 billion bond program. The bonds were priced at 4.50% per annum, with interests to be paid on a quarterly basis.

This third (3rd) issuance and listing for the year brings the year-to-date total of new listings to PhP60.28 billion, and the total level of tradable corporate debt instruments to PhP1.38 trillion, issued by 52 companies, comprised of 193 securities.

The event was also graced by Philippine Savings Bank Senior Vice President and Marketing Group Head Emmanuel Tuazon, Metropolitan Bank & Trust Company First Vice President Ricardo Pedrosa, First Metro Investment Corporation First Vice President Peter Anthony Bautista, Standard Chartered Bank (SCB) Executive Director, Head of Financial Markets Lourdes Patricia Felipe, SCB Executive Director, Head of Capital Markets Erwein Catoto, SCB Associate Director of Capital Markets Karl See, and SCB Director of Financial Institutions Ana Alba.


PSBank shortens the offer period for its 2nd Tranche Peso Fixed Rate Bond Issuance

PSBank shortens the offer period for its 2nd Tranche Peso Fixed Rate Bond Issuance

Philippine Savings Bank (PSBank) has decided to cut short the offer period for its 2nd tranche Peso Fixed Rate Bonds to 13 January 2020 from 21 January 2020 due to strong demand.

PSBank, the thrift banking arm of the Metrobank Group raised PhP4.65 Billion in Peso Fixed Rate Bonds versus the planned initial offer of PhP3.0 Billion.

The 3-year Peso Fixed Rate Bonds which was priced at 4.5% per annum were almost 2 times oversubscribed. Interest payments will be paid on a quarterly basis.

This second tranche is part of the Bank’s PhP40.0 Billion funding program. Last July 2019, PSBank was able to raise PhP6.3 Billion for its first tranche. Both issuances will give the Bank an opportunity to access long-term funding as it further expands its consumer banking business.

The Bond will be listed in the Philippine Dealing and Exchange Corporation (PDEX) on February 4, 2020.

Parties to this transaction are Standard Chartered Bank as Arranger and Selling Agent. The other selling agents were Metrobank, First Metro Investment Corporation and PSBank. Philippine Dealing and Trust Corp (PDTC) will serve as the registry and paying agent of the issuance. Picazo Buyco Tan Fider and Santos as transaction counsel and Development Bank of the Philippines as Trustee.


PSBank Announces 4.5% P.A. Peso Fixed Rate Bond Offer


 

Makati, Philippines — Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, is raising PhP3 Billion in Peso Fixed Rate Bonds from January 9 to 21, 2020 — following the Bank’s maiden offering in July 2019.

With a tenor of 3 years, the bond is priced at 4.5% per annum, with option to upsize, with interest payments made every quarter and the full principal paid out at maturity in 2023.

This PSBank Peso Fixed-Rate Bond will require a minimum of PhP500,000 from investors, with increments of PhP100,000 thereafter. The bond will be officially issued and listed on the Philippine Dealing & Exchange Corporation on February 4, 2020.

The Standard Chartered Bank is the sole arranger and the primary selling agent of the bond offer, with PSBank, Metrobank, and First Metro Investment Corporation as other authorized selling agents.

“We firmly believe that this bond issuance comes at a most opportune time — at the beginning of an exciting new year and decade, most especially for individual and institutional investors who are looking at new investment alternatives, says PSBank President Jose Vicente L. Alde.

“As we continue to diversify our funding sources, we remain to be fully committed to upgrading our industry-leading products, services, and offerings for the maximum benefit of our customers,” Mr. Alde adds.

PSBank last year reported a highly successful maiden bond offering in July, which raised PhP6.3 Billion, more than double of the planned PhP3 Billion. In just five days, the total orderbook was four times oversubscribed, which led the Bank to cut the offer period short.

The Bank also made impressive strides as of the 3rd quarter of 2019, as it registered PhP2.2 Billion in net income and PhP232.0 Billion in resources — strong financial results supported by a 9.3% growth in core revenues, composed of interest income and fee-based income.

For more information on the issuance of this bond offer, please call PSBank at (632) 8845-8888, Metrobank at (632) 8528-8207, First Metro Investment Corporation at (632) 8858-7914, or The Standard Chartered Bank at (632) 8886-7888. You may also send an email to [email protected].


PSBank Spreads Holiday Cheer, Gives Annual Support to Partner Organizations

STRONG SUPPORT. Resources for the Blind’s Executive Director Amy Mojica and Resource Development Head Lorinda Ang warmly receives the annual donation from PSBank, turned-over by Senior Vice President and Information Technology Group Head Neil Estrellado, accompanied by People Communications and Events Head Dylan De Mesa, and Corporate Communications Head Marco Sindiong.

Testament to its longstanding mission of being simple and reliable, and more importantly — of being a bank that truly cares, PSBank once again turned over its annual support donation to its partner organizations, intended to benefit the proper formation and education of well-deserving, disabled, and less-fortunate youths.

Very recently, the Bank, represented by its officers, visited the sites of the Chosen Children Foundation (CCF) and Resources for the Blind (RBI), to officially give the donations and to meet the beneficiaries. These visits resulted in meaningful engagements of PSBankers with the recipients, allowing them to spread cheer in this holiday season of joy and sharing.

ALL SMILES. PSBank, represented by its Glee Club members Maui Francisco and Arvy Vergara, together with Corporate Communications Head Marco Sindiong, join the Chosen Children Foundation’s Founder Mrs. Lita Fullerton and some of her village “angels” in the official check donation turnover

Specific to the visit with the Chosen Children Foundation, PSBank’s Glee Club, through their delightful and emotional renditions of Christmas songs, serenaded the village’s children. The members were privileged to also be presented with a special performance by the village’s “angels,” a number which proudly showcased the great talents of the community.

The support that the Bank continually gives to these institutions are underscored by its firm commitment to have a strong, lasting impact on the lives of Filipinos, most especially those in society who are in need — an undertaking that is ingrained in each PSBanker.


PSBank extends waived fees for InstaPay and PESONet transactions




Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, further extends the waiving of fees for PESONet and InstaPay transactions made via the PSBank Mobile App and PSBank Online until June 30, 2021.

PSBank aims to continue to encourage customers to take advantage of the opportunity to send money to other banks for free as well as do #SafePSBanking from home using its mobile and online channels for easier and safer transactions amid the continued surge of COVID-19 cases in the country.

“Our top priorities always include customer safety and convenience. That is why we want to ease their worries as much as we can--especially in these challenging times--mainly through extending the waived fees for mobile and online transactions until mid-year,” says Emmanuel Tuazon, PSBank Senior Vice President and Marketing Group Head.

 

 

 


PSBank posted net income of PhP439 million for Q12021; income before provisions up 8%

PSBank building photo

Philippine Savings Bank’s (PSBank) pre-provision operating profit was up 8% to PhP1.61 billion from a year ago owing to increase in other operating income, reduction in expenses and improved margins arising from reduced cost of funds. As the bank sustained its conservative provisioning strategy with a 39% increase versus last year, PSBank posted PhP439 million net income for the first quarter of 2021.

Gross revenues stayed flat year-on-year at PhP3.77 billion. Net interest income contracted slightly by 3% to PhP3.14 billion. Low-cost CASA deposits grew 12% to PhP67.86 billion, resulting in improvements in asset margins to compensate slower demand for retail loans during the pandemic. The Bank continued to reap benefits out of its operational productivity and efficiency initiatives. Operating expenses saw a decline of 6% from same period last year. Cost-to-income ratio further improved to 57% from 69% recorded last quarter.

“As the pandemic continues to affect the business environment, prudence dictates that we maintain a conservative stance on our provisioning to cushion any potential risks on asset quality. Our balance sheet has remained very stable with ample liquidity, and our capitalization strong. These ensure that the Bank is in the best position to take on opportunities when the economy starts to recover,” PSBank President Jose Vicente L. Alde said.

The Bank’s capital position was at PhP34.64 billion as of quarter-end 2021. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) further improved to 21.0% and 19.7% respectively, close to double the regulatory minimum. Total assets closed PhP227.5 billion, up 4% from December 2020. Net non-performing loans ratio went down to a manageable 4.3% from 5.2% of previous quarter-end.

PhilRatings gave PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a Stable Outlook citing on the Bank’s strong capitalization thus having a strong capacity to meet its financial commitments relative to other Philippine corporates.

PSBank is the thrift banking arm of the Metrobank Group.


PSBank Annual Report Bags Silver Anvil Award

PSBank Annual Report Bags Silver Anvil Award

Philippine Savings Bank (PSBank) recently won a Silver Anvil for its 2019 Annual Report at the recently concluded 56th Anvil Awards.


The PSBank 2019 Annual Report entitled Redefining Journeys – Crossing Another Decade, showcased the significant changes the Bank made in its processes and systems, the way it effectively harnessed data and technology, and how it was able to engage its customers more actively by embedding a culture of service across all levels of the organization -- all geared towards making a positive impact in the lives of its customers.

The report’s theme Redefining Journeys conveys how the bank sets itself apart by elevating customer experience through employee enablement.

The annual Anvil Awards of the Public Relations Society of the Philippines recognizes public relations programs and tools that meet the highest PR standards. It is one of the most coveted prizes in the Public Relations industry as entries undergo a rigorous screening process handled by a distinguished multi-sectoral jury.



PSBank posted 31% growth pre-provision income; reports Php 1.108 Billion net income


PSBank
Philippine Savings Bank’s (PSBank) operating income surged to 31% before provisions to Php7.45 billion last year.  This enabled the Bank to set aside additional loan loss provisions to three times over to Php6.40 billion in view of the ongoing pandemic conditions. The Bank closed 2020 with Php1.108 billion net income.


“On the back of a strong balance sheet and capitalization, the Bank stayed resilient amidst the challenges of 2020.  As a matter of strategy, we took a conservative stance on credit provisioning in anticipation of risks associated with the pandemic.  The Bank prioritized the safety of its employees and customers by quickly instituting Covid-19 safety protocols.  We strengthened our digital platforms and made them reliable as the demand for digital banking services exponentially rose,” PSBank President Jose Vicente L. Alde said.

Gross revenues was 13% higher at Php16.57 billion. Net interest income showed improvement by 21% to Php 13.75 billion, owing to a significant growth in low cost CASA deposits and the decline in interest of term deposits. CASA deposits grew 16% to Php67.25 billion from Php58.18 billion. In line with initiatives to improve operating efficiencies, operating expenses were kept in check and increased by only 2%.

PSBank’s capital position remained strong at Php34.51 billion. Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) further improved year-on-year to 19.4% and 18.1% respectively. Both are above the statutory requirement of 11% set by the Bangko Sentral ng Pilipinas. Total assets closed at Php219.41 billion. Net non-performing loans ratio was at a manageable 5.2%.

The Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, citing on the Bank’s highly-experienced management team and strong capitalization thus having a very strong capacity to  meet its financial commitments relative to that of other Philippine corporates.

In 2020, digital enrolments and utilization increased 56% and 143% respectively. The Bank waived fees for interbank transfers thru InstaPay and PESONet to further promote digital payments. By mid-year, PSBank made available the booking of time deposits via Mobile and launched the national standard-compliant QR Code for use in fund transfers/payments. For the safety and convenience of loan customers, settlement of PSBank loans via InstaPay was also made available in the last quarter of the year.

“As the economy slowly opens up in 2021, we shall remain positive and hopeful that our recalibrated business models will deliver and continue to adapt to the new environment. We will continue to pursue our digital transformation roadmap by delivering on what is relevant and simple for the customer,” President Alde added.


PSBank Extends FREE PaSend, InstaPay and PESONet Fund Transfers

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, will continue to waive fees for PaSend, and InstaPay and PESONet interbank fund transfers made via the Bank’s Mobile App and Online (Internet Banking) facilities until further notice.  This extension aims to further encourage the Bank’s customers to take advantage of the opportunity to send money to other banks for free, maximize the use of its reliable online banking facility, and utilize the powerful functionalities of its mobile application – allowing banking transactions to be done simply and safely in the comfort of their own home.  Since the start of the pandemic, PSBank has seen an exponential rise in the use of its digital banking services.  The Bank was digital-ready and was able to keep up with its customers’ requirements, thanks to the digital capabilities the Bank invested in over the years.   PSBank is still committed to improve on them given the fast adoption of consumers to non-contact platforms necessitated by the health crisis.  Just recently, PSBank made it possible for its customers to open a Peso Time Deposit with just a few taps on the Bank’s Mobile App.  The Bank also enabled clients to use QR Codes via its Mobile App so they no longer need to input nor memorize the account number and other details when transferring funds or making payments.  To add, for PSBank loan customers, the Bank made it easy and convenient for them to pay or transfer funds from their accounts in other Banks to their 15-Digit PSBank Loan Account Number thru InstaPay.

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, will continue to waive fees for PaSend, and InstaPay and PESONet interbank fund transfers made via the Bank’s Mobile App and Online (Internet Banking) facilities until further notice.

This extension aims to further encourage the Bank’s customers to take advantage of the opportunity to send money to other banks for free, maximize the use of its reliable online banking facility, and utilize the powerful functionalities of its mobile application – allowing banking transactions to be done simply and safely in the comfort of their own home.

Since the start of the pandemic, PSBank has seen an exponential rise in the use of its digital banking services.  The Bank was digital-ready and was able to keep up with its customers’ requirements, thanks to the digital capabilities the Bank invested in over the years.   PSBank is still committed to improve on them given the fast adoption of consumers to non-contact platforms necessitated by the health crisis.

Just recently, PSBank made it possible for its customers to open a Peso Time Deposit with just a few taps on the Bank’s Mobile App.  The Bank also enabled clients to use QR Codes via its Mobile App so they no longer need to input nor memorize the account number and other details when transferring funds or making payments.  To add, for PSBank loan customers, the Bank made it easy and convenient for them to pay or transfer funds from their accounts in other Banks to their 15-Digit PSBank Loan Account Number thru InstaPay.


PSBank loans can now be paid via InstaPay!


PSBank Loan Payments via InstaPay

No need to rush going to the branch to make loan payments over-the-counter. Just pay/transfer from your accounts in other Banks to your 15-Digit PSBank Loan Account Number thru InstaPay.

All you need to do is:

  1. Access your Other Bank’s online or mobile banking
  2. Select “InstaPay” from the “Fund Transfer” facility
  3. Select “PSBank” from the list of banks
  4. Input your 15-digit PSBank loan account number
  5. Review transaction details and tap “Submit”

Note: Maximum amount for transfer using InstaPay is PhP50,000 per transaction. 

For more information, click here for the FAQs.


PSBank Receives Highest Credit Rating from PhilRatings

Philippine Saving Bank (PSBank), the consumer and retail banking arm of the Metrobank Group, was assigned an Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, by local credit rating agency Philippine Rating Services Corporation (PhilRatings).

The rating reflects PSBank’s strong market position, highly-experienced management team, and sound capitalization and aggressive provisioning, which, among others, are seen to temper the pandemic’s impact on its loan portfolio.

As the highest Issuer Credit Rating, a PRS Aaa (corp.) evaluation signifies that a company has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates. On the other hand, a Stable Outlook is assigned when a rating is likely to be maintained or to remain unchanged in the next 12 months.

“We are honored to be recognized once again with PhilRating’s highest credit rating. Not only is it a testament to our creditworthiness and stability as a bank, but is also a welcome sign that we are managing the business well, and maintaining our resilience to weather the challenges for our people and customers,” says PSBank President Jose Vicente Alde.

Based on data from the Bangko Sentral ng Pilipinas, PSBank ranked first among thrift banks based on capital of P33.6 billion. It was also the country’s second largest thrift bank in terms of assets (P239.3 billion), deposits (P183.7 billion), and loans and receivables, net (P161.8 billion), as of end-March 2020.

Furthermore, PSBank has a solid franchise in the consumer loans market and is a strong player in the auto loans segment. It holds an 18% share of the thrift bank sector’s portfolio for 2019, an improvement from its 16.9% market share in 2018.

Moreover, PhilRatings cited PSBank’s experienced management team as a strong pillar of support for the bank. In particular, it noted Alde’s strong background in Information Technology, Treasury, and Bank Operations which helps the bank thrive especially now that digital banking is seen to continue to increase in importance.

Prior to the COVID-19 pandemic and the ensuing lockdowns, PSBank has laid the groundwork and achieved notable progress in the implementation of its digital transformation. Its continuous digitalization of products and services, channels (PSBank Mobile App and PSBank Online), and processes (via branch or online banking) are intuitively-designed to adapt to changes in consumer behavior, enhance customer experience, and improve operational efficiency.

More importantly, keeping the banks’ digital channels robust and future-ready is inherent to its commitment of encouraging customers’ digital adoption and meeting their ever-evolving demand for personalization and convenience--all while enabling access to their finances despite restrictive movements and heightened safety protocols.

“This exemplary credit rating further motivates us to serve our customers better, using the right channels, and coupled with relevant products and services so they continue to benefit from our simple lang, maasahan banking promise,” adds Alde.

As a recent example, PSBank also announced that it is extending its waiving of fees for PesoNet and InstaPay transactions made via the PSBank Mobile App until further notice. This move aims to further encourage digitally-inclined and new account holders to maximize the use of digital payments in the new normal.


PSBank Posted PhP1.33 Billion Net Income for the first 9 months of 2020

Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, registered a net income of PhP1.33 Billion for the first 9 months of 2020. Gross revenues improved to PhP13.3 billion, higher by 23.9% year-on-year, with net interest income increasing by 27.6% to PhP10.4 billion. Other operating income, inclusive of net service fees and commission income, was up 11.9% to PhP2.8 Billion versus the same period last year on the back of higher trading and securities gains. 

As of September 2020, total assets closed at PhP214.7 billion. Net non-performing loans ratio was at 4.0% with total loans and receivables at PhP150.4 billion. To cushion the potential impact of the pandemic, PSBank boosted its loan provisioning to PhP5.3 billion which is 3x higher versus the same period last year. The Bank’s capital position remained strong at Php 34.9 billion with Total Capital Adequacy Ratio and Common Equity Tier 1 Ratio (CET1) at 18.6% and 17.7% respectively. Both are above the minimum required level set by the Bangko Sentral ng Pilipinas.

“PSBank continues to take a conservative stance on credit provisioning amid the present business landscape while leveraging on operating efficiencies and focusing on our digital transformation roadmap. We are proud to be rated PRS Aaa (corp.) by PhilRatings which signifies a strong and continuous confidence in our institution even during this challenging times.” PSBank President Jose Vicente Alde said.

Recently, Philippine Rating Services Corporation (PhilRatings) assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, citing on the Bank’s highly-experienced management team, its strong market position, and its sound capitalization and aggressive provisioning which are seen to temper the pandemic’s impact on the loan portfolio. A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates, while a Stable Outlook is assigned when a rating is likely to remain unchanged in the next 12 months.

PSBank has seen an exponential rise in the use of its digital banking services, and is committed to improve on them given the fast adoption of consumers to non-contact platforms brought about by the pandemic. The Bank continues to waive its fees on interbank fund transfers via InstaPay and PesoNet in support of the industry’s shift to digital payments.


PSBank’s H1 Net Income at P1.3B



Philippine Savings Bank (PSBank), the thrift-bank arm of the Metrobank Group, posted PhP1.3 billion in net income for the first semester of 2020, slightly down by 5% compared to the same period last year. Net income for the second quarter was at PhP647.6 million, up 0.2% from the previous quarter.

Core business was strong with net interest income growing by 37.2% to PhP7.2 billion, up PhP2.0 billion versus same period last year. This was primarily driven by improved margins brought by lower interest expense on deposits in the first half of 2020. Other operating income grew by PhP310.2 million mainly from the sale of securities.

Total loans and receivables increased by PhP319.5 million or 0.2% to PhP161.1 billion from PhP160.8 billion in the previous year. Total resources grew by 0.7% to PhP233.2 billion from PhP231.5 billion. Gross non-performing loans ratio was at 3.7%.

Total deposit level was almost flat at PhP178.1 billion with low cost deposits improving by 13.4%, reaching PhP63.4 billion.

PSBank’s balance sheet remains strong with a capital of PhP35.2 billion. Total Capital Adequacy Ratio was at 18.1% while Common Equity Tier 1 Ratio (CET1) was at 17.2%. Both are above the minimum required level set by the Bangko Sentral ng Pilipinas.

Excluding provisions for impairment and credit losses, growth in operating expenses was muted at 6.2% year-on-year as the Bank continuously devoted resources to improve efficiency and productivity. Credit provisioning was accelerated at more than double to PhP2.8 billion in the first semester versus same period last year to cover for assessed future impact of the COVID-19 crisis.

“We uphold our efforts in increasing our customers’ sense of protection whether they are in our branches or at their homes. We’ve sustained and strengthened safety protocols in our premises and launched additional secured digital services for online and mobile transactions. PSBank is likewise taking the conservative stance of building up its loan provisions in anticipation of potential risks due to the pandemic,” President Jose Vicente Alde said.

PSBank recently launched its Mobile Peso Time Deposit placement, a digital service made available in the PSBank Mobile app which allows clients to open Peso Time Deposits from the comfort of their home, 24/7 with just a few taps on their mobile phone. The Bank also made a QR feature available in its Mobile app. With the PSBank QR you may instantly request, receive and send, or transfer funds from both PSBank and third party accounts including those of QRPh participating institutions thus eliminating the tedious process of encoding account information at every transaction.


PSBank made QR feature available in its Mobile app for safer banking in the new normal

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, made QR facility available in its Mobile App with the aim to provide another safe and secure way to bank amid the current health crisis situation.

With this new digital service, customers no longer need to leave the comforts of their homes nor worry about their health and safety when managing their finances.

The PSBank QR likewise reduces errors or risks as it eliminates the need to provide and enter long, confusing account information. Through a few simple taps on their PSBank Mobile App, clients may scan or upload QR codes to send funds to PSBank and other QRPh participating bank accounts. Customers may also generate their own QR code and send to persons for them to receive funds or payments more conveniently.  Moreover, one does not need to generate, request for nor send another QR code as it can be saved in one’s mobile phone for future requests or fund transfer transactions.

Utilizing the benefit of QR technology and mobile apps, the new PSBank QR feature simplifies and secures person-to-person (P2P) payments or fund transfers to allow individuals to move their money with ease and flexibility as they adapt to the new normal.

The PSBank Mobile App QR facility is in support of the Bangko Sentral ng Pilipinas’ National QR Code Standard (QRPh) initiative for safe, convenient, and seamless P2P payments and fund transfers.

Click here for more information on the PSBank Mobile App QR facility






PSBank bares new mobile app feature that allows TD placements from home

 

 

As the COVID-19 pandemic has pushed the country into what many call the new normal, social distancing and stay-at-home protocols have become part of the Filipinos’ way of life. With the limitations and restrictions of the COVID-19 community quarantine, easy and secure access to banking services has become a great need for Filipinos.

In response to this, Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, has launched its PSBank Mobile Time Deposit (TD) placement, a digital service that allows clients to open Peso Time Deposits from the comfort of their home, 24/7, with just a few taps on their mobile phone. 

With the new service, clients no longer have to worry about visiting the bank or risking exposure when it comes to growing their hard earned money in the new normal. They can easily invest their excess funds via PSBank Mobile App and enjoy higher rates and gain better returns even from their home. 

The PSBank Peso Time Deposit is an investment option for customers who may have excess funds and are willing to set them aside over an extended period of 30, 60, or 90 days, with guaranteed fixed-rate returns. It earns higher interest rates as compared to traditional savings accounts. At PSBank, interest rates for TD placements are based on the client’s total TD balance. The higher the balance amount, the higher the interest rate. 

To open a PSBank Peso Time Deposit account, clients simply need to log-in to PSBank Mobile App, tap on ‘Place Time Deposit’ from the ‘Create a Transaction’ menu in ‘View My Accounts,’ and enter the Amount, Term, and Maturity Instruction

A minimum placement of PhP10,000 is required to open a Peso Time Deposit account. Clients may nominate either a Checking or a Savings account as the source for the investible funds and where payouts of principal or interest earnings will be credited upon maturity. Clients may also opt to transfer funds from their other bank accounts to their PSBank account to fund their TD placement and start earning more. 

This addition to PSBank’s digital service offerings is part of the Bank’s commitment to continuously evolve with the changing and growing needs of its customers. By utilizing the mobile platform, the Bank aims to provide a versatile app that could service our clients in ways most convenient for them, and that is attuned to their changing lifestyle. 

Click here for more information on PSBank Mobile TD Placement. 



Click here for the full list of billers. 

 

 


PSBank QR Frequently Asked Questions

 

  1. What is the PSBank QR?

    The PSBank QR is a digital functionality available in PSBank Mobile App. With the PSBank QR you may instantly request, receive, and send or transfer funds from both PSBank and third party accounts, or other QRPh participating institutions.  A QR code is a two-dimensional barcode that can be read using a smartphone. It’s a quick, convenient, and safe way to request, send or transfer funds, eliminating the need to enter long and confusing account information.

Note: Payments to Merchants and Billers are not yet available.

  1. What are the QRPh participating banks?

Sender and Receiver:

  • Asia United Bank
  • Chinabank
  • Landbank
  • Metrobank
  • PSBank
  • RCBC
  • Union Bank

Receiver: 

  • PayMaya

  1. What are the available features of the PSBank QR?

The available features of the PSBank QR are:

  • Generate QR – to request funds
  • Scan or Upload QR - to send or transfer funds

  1. What are the eligible receiving accounts when generating a PSBank QR?

The following accounts are eligible receiving accounts:

  • PSBank Peso Current/Checking Account
  • PSBank Peso Savings Account
  •  PSBank Prepaid Mastercard Account

  1. What are the eligible source accounts to send or transfer funds via QR?

The following accounts are eligible as source accounts:

  • PSBank Peso Current/Checking Account
  • PSBank Peso Savings Account
  • PSBank Prepaid Mastercard Account

  1. What are the required information to generate a QR Code?

All required information to generate a QR Code are automatically filled in except for the amount which you may or may not provide, to give the Sender the freedom to indicate the amount he/she wishes to send or transfer.

Note: Amount should not exceed the daily transaction limit of PhP50,000.

  1. How can I generate PSBank QR using the PSBank Mobile App?

You may generate a PSBank QR from the following PSBank Mobile App modules:

  • Side menu
  • “Create a Transaction”
  • QR Quick links

To generate PSBank QR from the Side Menu:

  1. Log-in to PSBank Mobile App
  2. From the side menu, select the “QR” icon
  3. Tap “Generate QR”
  4. Choose the receiving account
  5. On the “QR Details” screen, the QR Code name will auto-populate. On the “Amount” field, you may or may not indicate the amount.
  6. Click “Proceed.” The generated QR Code will be displayed.
  7. Select “Save QR” or “Share QR”

If you choose “Save QR,” it will be stored in the gallery of your mobile device under the PSBank folder. On the other hand, if you choose “Share QR,” icons of available social media will be displayed.  To share the PSBank QR, you may present it immediately to the Payer or select from the social media icons displayed.

To generate PSBank QR from “Create a Transaction”:

  1. Log-in to PSBank Mobile App
  2. On the “My Accounts” screen, choose the receiving account and tap “Create a Transaction”
  3. Select “QR”
  4. Tap “Generate QR”
  5. On the “QR Details” screen, the QR Code name will auto-populate. On the “Amount” field, you may or may not indicate the amount.
  6. Click “Proceed.” The generated QR Code will be displayed.
  7. Select “Save QR” or “Share QR”

To generate PSBank QR from QR Quick Links:

  1. On the PSBank Mobile App log-in screen, tap the “QR” icon
  2. Tap “Generate QR”.
  3. Enter your log-in details.
  4. Choose the receiving account.
  5. On the “QR Details” screen, the QR Code name will auto-populate. On the “Amount” field, you may or may not indicate the amount.
  6. Click “Proceed.” The generated QR Code will be displayed.
  7. Select “Save QR” or “Share QR”


  8. How do I transfer funds via PSBank QR?

You may scan or upload the PSBank QR or the QR of other QRPh participating institutions from those saved in the gallery of your device to transfer funds.

Reminder: For your security and to avoid transferring funds to the wrong account, please ensure that the PSBank QR or the QR of other QRPh participating institutions you received came from the Requestor/Target Recipient.

  1. What are the transaction limits for PSBank QR?

                                                                                                LIMITS

No. of Fund Transfer Transactions per Day           No Limit

Limit per Account per Day                                         PhP50,000

Limit per Transaction                                                    PhP50,000

  1. How do I Scan or Upload the PSBank QR or QR of other QRPh participating institutions?

You may Scan or Upload the PSBank QR or QR Code of other QRPh participating institutions from the following PSBank Mobile App modules:

  • Side menu
  • “Create a Transaction”
  • QR Quick links

To Scan PSBank’s or other QRPh participating institutions’ QR Code from the Side Menu:

  1. Log-in to PSBank Mobile App
  2. On the side menu, select the “QR” icon
  3. Tap “Scan QR”
  4. Scan the QR Code received
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Scan PSBank’s or other QRPh participating institutions’ QR Code from “Create a Transaction”:

  1. Log-in to PSBank Mobile App
  2. On the “My Accounts” screen, choose the source account and tap “Create a Transaction”
  3. Select the “QR” icon
  4. Tap “Scan QR”
  5. Scan the QR Code received
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Scan PSBank’s or other QRPh participating institutions’ QR Code from Quick Links:

  1. On the PSBank Mobile App log-in screen, tap the “QR” icon
  2. Select “Scan QR”
  3. Scan the QR Code received
  4. Enter your Log-in details
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Upload PSBank’s or other QRPh participating institutions’ QR Code from the Side Menu:

  1. Log-in to PSBank Mobile App
  2. On the side menu, select the “QR” icon
  3. Tap “Upload QR”
  4. Choose a QR Code from those saved in the gallery of your device
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.


To Upload PSBank’s or other QRPh participating institutions’ QR Code from “Create a Transaction”:

  1. Log-in to PSBank Mobile App
  2. On the “My Accounts” screen, choose the source account and tap “Create a Transaction”
  3. Select the “QR” icon
  4. Tap “Upload QR”
  5. Choose a QR Code from those saved in the gallery of your device
  6. On the Transfer details screen, the QR information will be displayed.
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

To Upload PSBank’s or other QRPh participating institutions’ QR Code from Quick Links:

  1. On the PSBank Mobile App log-in screen, tap the “QR” icon
  2. Select “Upload QR”
  3. Choose a QR Code from those saved in the gallery of your device
  4. Enter your Log-in details
  5. Choose the source account
  6. On the Transfer details screen, the QR information will be displayed
  7. Enter the amount (if it is not included in the QR details)
  8. Select the “Transfer Schedule” and enter the “Purpose”
  9. Input the One-Time Password (OTP)
  10. Click “Submit”

The transaction summary will be displayed.

  1. How do I know if the transaction was successful?

For Generate QR, the generated QR Code will be displayed.  For Scan QR or Upload QR, aside from the in-app notification, a confirmation via SMS and email will be sent to your registered mobile number and email address, respectively.

  1. What are the applicable fees when using PSBank QR?

  • Generate QR                                                                    - FREE
  • Transfer funds to PSBank accounts via QR           - FREE  
  • Transfer funds to Other Bank accounts via QR   - Waived (until further notice)

  1. Can I cancel or change the QR code I generated, scanned or uploaded?

To cancel the PSBank QR Code you’ve generated, simply select or tap “Home”.

On the other hand, you may cancel “Scan or Upload QR Code” transactions by simply tapping “Home,” for as long as the One-Time Password (OTP) has not been encoded.

Please note that once the OTP is encoded, the transaction will already be processed and funds will be transmitted instantly.

      14.  What should I do if I have concerns or questions on PSBank QR Facility?

For inquiries or concerns on PSBank QR Facility, you may call our 24/7 Customer Experience Hotline at (632) 8845-8888, e-mail us at [email protected] or visit any PSBank Branch. You may also reach us via PSBank [email protected]






PSBank Mobile TD Placement Frequently Asked Questions

 

  1. What is the PSBank Mobile Time Deposit placement feature? 

    PSBank Mobile Time Deposit (TD) placement  is a digital service / functionality now made available in the PSBank Mobile App which allows clients to open Peso Time Deposits from the comfort of their home, 24/7 with just a few taps on their mobile phone.

    Note:  TD Placements made on weekends or holidays will be processed on the next banking day

  2. What is a PSBank Peso Time Deposit account?

    PSBank Peso Time Deposit is a form of investment for those customers who may have excess funds and are willing to set them aside over an extended period of 30, 60, or 90 days; and with guaranteed fixed-rate returns. It earns higher interest rates as compared to traditional savings accounts.

    Click here for the prevailing interest rates.

    Note: The Interest rate for TD placements made  via PSBank Mobile App will be based on the client’s  total/ aggregated Peso TD balance with the Bank.

  3. What is the minimum amount needed to open a PSBank Peso Time Deposit account

    The minimum initial placement is PhP10,000.  Note though that the account balance should have at least the required maintaining balance and the PhP10,000 initial time deposit placement amount.

    Example:  The maintaining balance for PSBank Regular Passbook Savings Account is PhP5,000.  Add the intended initial placement amount to that. As such, the Account should have at least PhP15,000. If the account is less than PhP15,000, the TD placement transaction will not push through.

  4. Is there a limit on the amount of time deposit that I can place?

    There is no maximum limit in placing a PSBank Peso Time Deposit via PSBank Mobile. You need to keep the required maintaining balance in the source account ( for the TD funds) as explained in #3.

  5. What are the requirements in placing a Peso Time Deposit using PSBank Mobile app?

    In placing a PSBank Peso Time Deposit via PSBank Mobile app, you will need:

    a.) An active Savings or Current/Checking account (Individual / Joint OR account) as your source account for the investible funds and where payouts of principal or interest earnings will be credited;

    b.) Account is enrolled in PSBank Mobile app; and,
    c.)  PhP10,000 minimum initial placement.

    Notes:

    * PSBank Prepaid Mastercard account is not eligible as a source account.
    * The account balance of your source account should have at least the required        maintaining balance and the PhP10,000  initial time deposit placement amount.
    * Account ownership of source account will be exactly the same with the TD account

  6. How do I open a PSBank Peso Time Deposit account using the PSBank Mobile app?

    To open a Peso Time Deposit placement via Mobile, you simply need to:
  1. Log-in to PSBank Mobile App
  2. Go to “View My Accounts”
  3. Select “Create a Transaction”
  4. Select “Place / Open Time Deposit”
  5. Select your source account
  6. Input the amount you want to place, then click the “Proceed” button
  7. Choose from 30, 60, 90 days term and provide your maturity payout instruction
  8. Review the details then click on the “Submit” button

 

  1. What type of Time Deposit account can I place?

    Currently, we offer short-term Peso Time Deposit via PSBank Mobile app. Tenors available are: 30, 60, or 90 days.

    Upon maturity of the time deposit, you may choose to:  
  •  Payout Principal and Interest Upon Maturity
  •  Payout Interest and Rollover Principal Upon Maturity
  •  Rollover Principal and Interest Upon Maturity

    Note: For Rollover maturity instructions, the same/original term will be followed.

  1. Is there a fee in opening a Peso Time Deposit account via PSBank Mobile?

    This service is FREE OF CHARGE.

  2. How will I know if my PSBank Mobile Time Deposit Placement was successful?

    Your newly opened TD account will automatically be included in your list of enrolled accounts under “View My Accounts.” You will also get an SMS notification and a Confirmation Advice sent to your registered email.

  3. Can I add funds or make partial withdrawal from the principal amount during the term period or before the maturity date?

    No, you cannot add funds or make partial withdrawal during the term period or before the maturity date.  Partial withdrawal shall be considered as pre-termination of the account, subject to pre-termination charges computed as:

    Penalty + Withholding Tax + Documentary Stamp Tax

  4. How do I change my maturity instruction?

    To change your maturity instruction, select the Time Deposit account you want to change, go to “Change Maturity Instructions” then apply your changes. It is advisable to change maturity instructions two (2) days prior to maturity date.

  5. Where will my time deposit funds be credited/ paid-out once my Time Deposit has matured?

    It will be credited to your identified source account once your Time Deposit has matured.

  6. How do I pre-terminate or close my Peso Time Deposit account which I opened via PSBank Mobile app?

    To pre-terminate your account, select the Time Deposit account you want to pre-terminate, go to “Pre-Terminate Account”. After that, just review and confirm your pre-termination request. Net Proceeds will be credited to your source/settlement account.

  7. What should I do if I have concerns or questions on my PSBank Mobile Time Deposit placement?

    For inquiries or concerns on your PSBank Mobile Time Deposit placement, you may call our 24/7 Customer  Experience Hotline at (632) 8845-8888, e-mail us at [email protected] or visit any PSBank Branch. You may also reach us via PSBank [email protected]

PSBank Registers Q1 2020 Net Income of PhP646.2 Million

Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, recorded a net income of PhP646.2 million for the first quarter of 2020. Net interest income grew 21.8% to PhP3.2 billion versus the same period last year while net service fees reached PhP458.1 million. Net Income for the first quarter of 2020 is lower by 5.1% on increased credit provisioning.

Total loan portfolio as of the first quarter of this year grew by 3.6% to PhP165.0 billion coming from the strong demand in the first two months of this year prior to the Enhanced Community Quarantine (ECQ) period. This contributed to total assets growth of 1.8% year-on-year to PhP240.3 billion. Low-cost deposits improved by 10.2% reaching PhP60.6 billion. Gross non-performing loans is stable at 3.7%.

PSBank’s balance sheet remains strong with capital of PhP34.8 billion. The Bank’s total Capital Adequacy Ratio (CAR) of 17.2% is well above the regulatory minimum of 10%.

“PSBANK has a strong balance sheet and capital position coming into this unprecedented situation. Cognizant of the potential impact of the pandemic to the economy, we decided to exercise prudence by increasing provisions to 150% versus previous year. During the quarantine period, the Bank continued to operate 80% of its branches while keeping in place precautionary measures to ensure that our customers and employees are safe. Both customer and IT support were further strengthened to keep our online banking services available 24/7, this being the alternative banking channel during these times,” PSBank President Jose Vicente Alde said.

To assist customers during this period, the Bank put together an easy-to-use ‘Quick Customer Enquiries’ module in its website which shows information on daily branch schedules, fraud protection tips, loan payment grace periods, and how-to guides on banking services. PSBank ensured the availability of safe and convenient digital banking services for customers to still do their banking transactions: Check deposit using the PSBank Mobile Check Deposit facility launched in September 2019; Mobile and Online fund transfers via InstaPay and PESONet; PaSend for mobile cash remittances withdrawable from over 1,000 combined PSBank and Metrobank ATMs nationwide; payment of bills via mobile or online; and 24/7 cash availability in PSBank ATMs. PSBank likewise made it easy for customers to reach the bank through various communication platforms: Chatbot “ISSA” via FB Messenger (Interactive, Speedy & Simpleng Assistant) for quick queries; “LiveChat” if customers wish to interact with our Customer Associates; and our 24/7 Customer Experience Hotline for phone-in concerns.


PSBank’s Net Income Climbs to PhP3 Billion

PSBank’s Net Income Climbs to PhP3 Billion

Philippine Savings Bank (PSBank) registered PhP3.03 Billion in net income in 2019, up 13.8% from PhP2.66 Billion in 2018. This translated to a return on equity of 10.3% and a return on assets of 1.3%.

The Bank’s profits came from the growth of both its core net interest margin and other operating income, supplemented by upsides from operating efficiencies. PSBank’s revenue grew 2.8% year-on-year, from PhP14.20 Billion in 2018 to PhP14.60 Billion in 2019; while operating expenses, excluding the provision for impairment and credit losses, amounted to PhP8.91 Billion, PhP256.89 Million or 2.8% lower versus 2018.

“The Bank’s strategy on core growth brought positive results despite the volatile environment in 2019. Challenges were met head on, reinforced by significant contributions from all the Bank’s business units. We had big wins during the year as we were able to focus on operational efficiency and sustained cost discipline across the organization. 2019 was also marked with the introduction of new digital initiatives, such as PaSend and Mobile Check Deposit, which effectively complemented our “Simple Lang, Maasahan” mantra. We are looking forward to an exciting 2020, empowered with the same passion and commitment,” said PSBank President Jose Vicente L. Alde.

The Bank’s total loan portfolio rose by 4.7% to PhP164.11 Billion, driven by the Bank’s consumer loan business. Despite an increase in risk assets, the NPL ratio improved to 3.6% from 4.2% in the previous year from continued improvements in credit quality. Total resources were at PhP224.91 Billion, down 5.4% year-on-year, while total deposits were also lower by 14.0% to PhP172.51 Billion, as the Bank continues to rebalance its funding mix to focus on retail and alternative sources. PSBank was able to raise PhP6.3 Billion in its two-year maiden Peso Fixed Rate Bond offering last July 1, 2019 with an interest rate of 5.6%. Total equity was at PhP34.46 Billion, up by 41.3%. PSBank also completed its PhP8.0 Billion stock rights offer last January 2019. The offer was priced at PhP56.00 per share. The Bank’s Total Capital Adequacy Ratio was at 17.8% while Common Equity Tier 1 Ratio was at 16.8%. Both are well above the Bangko Sentral ng Pilipinas’ minimum required level.

PSBank was given a number of awards and recognitions in 2019, which include the Bangko Sentral ng Pilipinas Pagtugon Award for excellence in customer service — PSBank’s fourth Pagtugon Award since 2015. The Bank likewise received the Outstanding Partner for Digital Innovation recognition from the BSP.

PSBank currently has 250 branches and 557 ATMs strategically located nationwide.


PSBank Bags a Gold and two Silvers at the 55th Anvil Awards

PSBank Bags a Gold and two Silvers at the 55th Anvil Awards

Philippine Savings Bank (PSBank) won big once again as it secured three prestigious recognitions at the recently-concluded 55th Anvil Awards, held at the iconic Manila Hotel. Dubbed as the “Oscars” of the PR industry, the Anvil Awards are presented yearly by the Public Relations Society of the Philippines (PRSP) in recognition of excellent campaigns which impact society.

PSBank took home a Gold Anvil for its long-running financial literacy programs – Good to Know and Be Aware, which have proven to be effective public awareness campaigns in informing and educating its customers, as well as the general public on how financial resources work and how their hard-earned money can be protected from fraudsters. These campaigns are also in strong support of the Bangko Sentral ng Pilipinas’ Financial Consumer Protection (FCP) efforts.

The Bank was also given a Silver Anvil for its “Innovating to Lead” themed 2018 Annual Report, which garnered impressive feedback from its more than 700,000 stakeholders post-distribution, testament to how it successfully transformed and injected an innovation mindset in its culture.

Another Silver Anvil was likewise awarded to the Bank for its popular PaSend and Mobile Check Deposit TV commercials, which not only surpassed a million views in just a few days after release — but also influenced a significant increase in PSBank mobile app enrolments and transactions in the short period following their launch.

These select awards showcase the Bank at its prime, and point to its continued outstanding efforts and leadership initiatives in the industry — which are all underscored by its purposeful mission to be always the best in offering simple and reliable banking services.

For more information on PSBank and its suite of products, services, and offerings, please check out www.psbank.com.ph. You may also visit any of the Bank’s 250 branches nationwide.


Good to Know: This 2020, Save Up to Level Up with PSBank

Each new year comes with the promise of a better future for many individuals and families. To most, it is the opportune time to achieve new goals, to upgrade standards of living, and to seize new, exciting opportunities.

PSBank, everyone’s “simpleng maaasahan” bank recognizes the importance of this period, marked by resolutions and commitments — and invites all to make a firm, positive decision to progress in the attainment of their aspirations, through the act of purposefully saving money.

The Bank believes that this allows one to level up, to grab what the new year and the new decade has to offer to those who actively prepare for it.

Look through these exciting ways on how you can grow your funds surely and securely this 2020 through PSBank’s Savings Account offerings:

PSBank ATM Savings – Commit to have an Average Daily Balance of PhP5,000, and have the benefit of earning a fixed interest rate as you further save. Access your account securely any time of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide. You can also avail hassle-free settlements of your utility and credit card bills, and experience the convenience of cashless shopping through BancNet’s electronic payment facility.

PSBank Regular Passbook Savings – Whether you’re saving up for an investment, a special life event, or an emergency fund, you can be assured that PSBank will make it easy for you. Having a Regular Passbook Savings Account gives you the benefit of also earning a fixed interest rate, and provides you a convenient way to monitor all your transactions.

PSBank Passbook with ATM – Maintaining a Passbook with ATM account with PSBank offers more than convenience and fixed interest rates. It also comes with a PSBank Debit Mastercard that allows you to safely access your funds, whether you are in the country or abroad.

PSBank Kiddie and Teen Savers – For those with children, starting kids early on the habit of saving will impart a discipline that will carry them throughout life. PSBank’s Kiddie and Teen Savers accounts are accompanied by free personal accident insurance from the Charter Ping An Insurance Corporation, allowing your child or teen the possibility of getting coverage equivalent to five times the value of the Average Daily Balance. These accounts may be opened as In-Trust-For (ITF) accounts, as joint accounts, or as individual accounts for each of your children.

PSBank Personal Checking Account – Possess check-writing flexibility for worry-free payments of your bills and other financial transactions whenever you need it. Open this account at any of the Bank’s branches and enroll in PSBank Mobile and PSBank Online to experience delightful banking moments.

PSBank’s Senior Vice President and Marketing Group Head Emmanuel Tuazon says, “As we enter this new year, we want to give our customers the ability and resources to become their best selves, through disciplined saving. We are confident that our suite of diverse Savings Accounts will allow them to do just that, and more — by instilling in them the importance of being prepared, and of having the mindset of constant improvement. We invite everyone to check out all of our products and services today.”


Good to Know: Embrace New Beginnings, Partner with PSBank this 2020

The New Year is undoubtedly one of the most exciting times of the season. This is the period when people, young and old alike, take the chance to remember the events of the year that has passed and look forward to the many opportunities that are in store for them.

As families and individuals enter a new decade, goals are created, revived, and are actively set in place. PSBank, as everyone’s “simpleng maaasahan bank” recognizes these aspirations in the lives of its customers — and purposefully presents solutions that allow it to be a reliable, consistent partner in the achievement of these important plans.

With its wide, innovative, and secure range of banking services and products, PSBank ensures that excuses fly out of the window — surely, there is no better time to seize the moment and take the chance to live life to the fullest.

Check out these PSBank offerings today, and see how you can make 2020 your best year ever:

PSBank ATM Savings – Grow your money and have the benefit of earning a fixed interest rate with a bank you can trust, as you work towards accomplishing your goals. Have the privilege of accessing your account anytime of the day via PSBank, Metrobank, and BancNet ATMs nationwide, as well as Mastercard ATMs worldwide.

PSBank Cardless Withdrawal – Forgot your ATM? PSBank assures you that you don’t have to worry about it, ever. With just a few taps on your smartphone, you’ll able to safely withdraw your hard-earned cash from over 599 ATMs nationwide. That’s peace of mind — ight in the palm of your hand.

PSBank Mobile Check Deposit – New year, new way of depositing checks. No longer do you have to physically go to a bank to get them cleared. Now all you have to do is take a photo through PSBank’s Mobile App, and you’re all set.

PSBank PaSend – Sending cash is no longer a chore with this remittance service. For a very minimal transaction fee, you can easily send money to family, friends, and partners, anytime and anywhere — even to those who don’t have an account with the Bank. The funds you send may be withdrawn 24/7 at any PSBank or Metrobank ATM.

PSBank Time Deposit – Be more as you do more with your money. With PSBank’s Time Deposit offering, not only do you enjoy a low initial deposit amount, but you also gain profit in as fast as 30 days. Talk to PSBank and we’ll help you understand and manage your account as our firm commitment.

PSBank Auto Loan – Have you been eyeing a new car for your family or for yourself? PSBank has got you completely covered. Offering competitive interest rates and a fast approval time, the Bank will surely make possible the deal you’ve been craving for. Enjoy the bank’s Prime Rebate feature when you avail its Auto Loan which lets you earn discounts on your loan when you make advance or excess payments on your monthly due.

PSBank Home Loan – Experience the family lifestyle you’ve been working so hard for this coming year through PSBank’s Home Loan. Enjoy loan approval in as fast as 24 hours, with convenient terms, and even better rewards. Benefit from Bank’s Prime Rebate feature — making the process of purchasing your new house even more fulfilling.

PSBank Personal Loan – This 2020, have the funds that will enable you to realize your travel and other life goals. PSBank’s Flexi Personal Loan, which also comes with Prime Rebate, is a collateral-free personal loan product with a revolving credit line and a fixed-term loan. The product comes with an ATM card, allowing you access to day and night banking from PSBank ATMs nationwide.

PSBank Money Market Fund – Create new possibilities in the coming decade: instead of being just a depositor, be an investor! With PSBank’s Money Market Fund, the Bank’s first Unit Investment Trust Fund (UITF), you can have a team of experts closely manage your investment for a minimum of PhP10K. These partners will choose from different low-risk financial instruments to optimize your returns, giving you an affordable liquid investment option. Now is the time to invest in your future!

PSBank’s Senior Vice President and Marketing Group Head Emannuel A. Tuazon says:

“Celebrate new beginnings this year with the Bank that journeys with you everyday, a trusted and reliable group that puts your best interests at the heart of everything it does. With PSBank’s full suite of future-ready offerings, you can now confidently seize opportunities and make this new year, this new decade, a time of turning your big dreams into reality. We invite you to check out our products and services today!”


PSBank Returns to the PDEx Bourse with its PhP4.65 Billion Series B 3-Year Fixed Rate Bonds

In the photo from left are: First Metro Investment Corporation President Rabboni Francis Arjonillo, Standard Chartered Bank Chief Executive Officer Lynette Ortiz, Metropolitan Bank & Trust Company First Vice President Benigno Tobias, Philippine Savings Bank Senior Vice President and Treasurer Perfecto Ramon Dimayuga, Jr. and Philippine Dealing & Exchange Corp. President and Chief Operating Officer Antonino Nakpil


Philippine Savings Bank (PSBank) returns to the organized secondary fixed income market for the listing of its 3-year PhP4.65 billion fixed rate bonds — the second tranche of PSBank’s PhP40 billion bond program. The bonds were priced at 4.50% per annum, with interests to be paid on a quarterly basis.

This third (3rd) issuance and listing for the year brings the year-to-date total of new listings to PhP60.28 billion, and the total level of tradable corporate debt instruments to PhP1.38 trillion, issued by 52 companies, comprised of 193 securities.

The event was also graced by Philippine Savings Bank Senior Vice President and Marketing Group Head Emmanuel Tuazon, Metropolitan Bank & Trust Company First Vice President Ricardo Pedrosa, First Metro Investment Corporation First Vice President Peter Anthony Bautista, Standard Chartered Bank (SCB) Executive Director, Head of Financial Markets Lourdes Patricia Felipe, SCB Executive Director, Head of Capital Markets Erwein Catoto, SCB Associate Director of Capital Markets Karl See, and SCB Director of Financial Institutions Ana Alba.


PSBank shortens the offer period for its 2nd Tranche Peso Fixed Rate Bond Issuance

PSBank shortens the offer period for its 2nd Tranche Peso Fixed Rate Bond Issuance

Philippine Savings Bank (PSBank) has decided to cut short the offer period for its 2nd tranche Peso Fixed Rate Bonds to 13 January 2020 from 21 January 2020 due to strong demand.

PSBank, the thrift banking arm of the Metrobank Group raised PhP4.65 Billion in Peso Fixed Rate Bonds versus the planned initial offer of PhP3.0 Billion.

The 3-year Peso Fixed Rate Bonds which was priced at 4.5% per annum were almost 2 times oversubscribed. Interest payments will be paid on a quarterly basis.

This second tranche is part of the Bank’s PhP40.0 Billion funding program. Last July 2019, PSBank was able to raise PhP6.3 Billion for its first tranche. Both issuances will give the Bank an opportunity to access long-term funding as it further expands its consumer banking business.

The Bond will be listed in the Philippine Dealing and Exchange Corporation (PDEX) on February 4, 2020.

Parties to this transaction are Standard Chartered Bank as Arranger and Selling Agent. The other selling agents were Metrobank, First Metro Investment Corporation and PSBank. Philippine Dealing and Trust Corp (PDTC) will serve as the registry and paying agent of the issuance. Picazo Buyco Tan Fider and Santos as transaction counsel and Development Bank of the Philippines as Trustee.


PSBank Announces 4.5% P.A. Peso Fixed Rate Bond Offer


 

Makati, Philippines — Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, is raising PhP3 Billion in Peso Fixed Rate Bonds from January 9 to 21, 2020 — following the Bank’s maiden offering in July 2019.

With a tenor of 3 years, the bond is priced at 4.5% per annum, with option to upsize, with interest payments made every quarter and the full principal paid out at maturity in 2023.

This PSBank Peso Fixed-Rate Bond will require a minimum of PhP500,000 from investors, with increments of PhP100,000 thereafter. The bond will be officially issued and listed on the Philippine Dealing & Exchange Corporation on February 4, 2020.

The Standard Chartered Bank is the sole arranger and the primary selling agent of the bond offer, with PSBank, Metrobank, and First Metro Investment Corporation as other authorized selling agents.

“We firmly believe that this bond issuance comes at a most opportune time — at the beginning of an exciting new year and decade, most especially for individual and institutional investors who are looking at new investment alternatives, says PSBank President Jose Vicente L. Alde.

“As we continue to diversify our funding sources, we remain to be fully committed to upgrading our industry-leading products, services, and offerings for the maximum benefit of our customers,” Mr. Alde adds.

PSBank last year reported a highly successful maiden bond offering in July, which raised PhP6.3 Billion, more than double of the planned PhP3 Billion. In just five days, the total orderbook was four times oversubscribed, which led the Bank to cut the offer period short.

The Bank also made impressive strides as of the 3rd quarter of 2019, as it registered PhP2.2 Billion in net income and PhP232.0 Billion in resources — strong financial results supported by a 9.3% growth in core revenues, composed of interest income and fee-based income.

For more information on the issuance of this bond offer, please call PSBank at (632) 8845-8888, Metrobank at (632) 8528-8207, First Metro Investment Corporation at (632) 8858-7914, or The Standard Chartered Bank at (632) 8886-7888. You may also send an email to [email protected].


PSBank Spreads Holiday Cheer, Gives Annual Support to Partner Organizations

STRONG SUPPORT. Resources for the Blind’s Executive Director Amy Mojica and Resource Development Head Lorinda Ang warmly receives the annual donation from PSBank, turned-over by Senior Vice President and Information Technology Group Head Neil Estrellado, accompanied by People Communications and Events Head Dylan De Mesa, and Corporate Communications Head Marco Sindiong.

Testament to its longstanding mission of being simple and reliable, and more importantly — of being a bank that truly cares, PSBank once again turned over its annual support donation to its partner organizations, intended to benefit the proper formation and education of well-deserving, disabled, and less-fortunate youths.

Very recently, the Bank, represented by its officers, visited the sites of the Chosen Children Foundation (CCF) and Resources for the Blind (RBI), to officially give the donations and to meet the beneficiaries. These visits resulted in meaningful engagements of PSBankers with the recipients, allowing them to spread cheer in this holiday season of joy and sharing.

ALL SMILES. PSBank, represented by its Glee Club members Maui Francisco and Arvy Vergara, together with Corporate Communications Head Marco Sindiong, join the Chosen Children Foundation’s Founder Mrs. Lita Fullerton and some of her village “angels” in the official check donation turnover

Specific to the visit with the Chosen Children Foundation, PSBank’s Glee Club, through their delightful and emotional renditions of Christmas songs, serenaded the village’s children. The members were privileged to also be presented with a special performance by the village’s “angels,” a number which proudly showcased the great talents of the community.

The support that the Bank continually gives to these institutions are underscored by its firm commitment to have a strong, lasting impact on the lives of Filipinos, most especially those in society who are in need — an undertaking that is ingrained in each PSBanker.




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