Special stockholder's meeting
October 15, 2021
Philippine Business Bank held a special shareholder meeting via Zoom on the Internet on September 30th (Thursday) this year. The main discussion items on the agenda of the meeting were to approve amendments to the Bank's AOI Corporate Law. The seventh chapter is to increase the authorized capital of the bank (Authorized Capital Stock).
The Philippine Business Bank is increasing its authorized capital stocks and increasing capital by offering shares. This will enhance the bank's ability to develop its business and secure opportunities for financial services.
The bank's expansion of its capital base will enable it to explore business opportunities as the country's economy rebounds. The bank's expanded capital allows the bank to tide over the economic difficulties. The bank will make an announcement after a capital's equity expansion completes the proposed rules.
