The Philippine Bank of Communications (PBCOM) announced today, following its regular Board meeting held on June 25, 2025, the declaration of a special cash dividend of P1.0 per share. This landmark declaration will be distributed to all shareholders on record as of July 09, 2025, with a scheduled payout date of July 31, 2025.
This significant event marks the first time PBCOM has declared a cash dividend, following a stock dividend issued in September 1997. The declaration demonstrates the substantial and sustained improvement in the Bank’s financial standing over the past 27 years.
PBCOM’s journey to financial stability has been a testament to resilience and strategic partnerships. The Bank entered a Financial Assistance Agreement (FAA) with the Philippine Deposit Insurance Corporation (PDIC) in March 2004. A pivotal moment came with the entry of the ISM Group, led by Eric Recto, in 2011, which facilitated PBCOM’s successful exit from the PDIC FAA in March 2014. Subsequently, the strategic acquisition by PG Holdings of Lucio Co in September 2014 as the Bank’s majority shareholder further bolstered its recovery measures and solidified its growth path.
Through a focused approach on core businesses, PBCOM has achieved steady income growth, culminating in attaining its Universal Bank license in December 2022. The Bank, which celebrated its 85th anniversary in 2024, also recorded its highest net income of P2.2 billion that year and was honorably recognized as one of the three Forbes Asia’s Best Under a Billion in the Philippines.
Mr. Eric O. Recto, Chairman of the Board, commented on this milestone, stating, “This is a noteworthy milestone in the long destiny of PBCOM, achieved through a lot of hard work and discipline. The Bank’s management, working closely with its major shareholders, have brought the Bank to a position of financial stability. This will provide a base for us to grow even bigger in the years to come.”
The declaration of this special cash dividend underscores PBCOM’s commitment to delivering value to its shareholders and reflects its robust financial health and promising future outlook.
