Alfredo Yao

Philippine Business Bank (PBB) to IPO in 2012 or 2013

The Philippine Business Bank, a savings bank under the conglomerate of the Zest-O group, is planning to issue shares in an initial public offering (IPO) by the end of 2012 or by the first quarter of 2013.

Last week, the bank filed its application with the Securities and Exchange Commission in a bid to become one of the major players in the local banking industry.

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