PNB's net income predicted to plunge 29% to PhP5.4b in 2014

But rumours on its possible sell-off continue.

According to Maybank Kim Eng, unlike other banks, the Philippine National Bank's (PNB) earnings trajectory does not make for a compelling growth story. Net income in 2014 is projected to decline 29% YoY to PhP5.4b. Yet, market rumours of PNB being on sale continue. As the fourth largest bank in the country, a merger with any bank will catapult the buyer up from its current position. Several banks are reportedly still interested.