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Postal Bank seeks investors.

BusinessWorld (Philippines)

| March 06, 2013 | COPYRIGHT 1999 Business World Publishing Corporation. (Hide copyright information)Copyright

Byline: Ann Rozainne R. Gregorio

STATE-OWNED Philippine Postal Savings Bank, Inc. (Philippine Postal Bank) is currently in talks with two state firms that have expressed interest in making capital infusions in the thrift bank, a senior bank official said.

"We are in the process of strengthening the bank through increasing its capitalization...[Philippine Postal Corp.] has started to pay up the balance of its subscribed capital last year to increase the paid-up capital of the bank. Our president is also talking to potential partners or investors within the government who may be interested in investing in the bank," said Higinio C. Fabian, Philippine Postal Bank senior …

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