SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 17, 2023

2. SEC Identification Number

A199701584

3. BIR Tax Identification No.

005-469-606

4. Exact name of issuer as specified in its charter

Philippine Business Bank, Inc., A Savings Bank

5. Province, country or other jurisdiction of incorporation

Caloocan

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

350 Rizal Avenue corner 8th Avenue Grace Park, Caloocan City Postal Code 1400

8. Issuer's telephone number, including area code

(02) 8363-3333

9. Former name or former address, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	818,750,094

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philippine Business BankPBB

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amended Dividend Policy
Background/Description of the Disclosure
On May 17, 2023, the Bank, in its regular board meeting, approved the revision of its dividend policy from: Pay-out of 20% to 30% of Bank’s annual net income on condition that the Bank is well compliant with the existing regulatory requirements for the capitalization under its approved license and the minimum Capital Adequacy Ratio (CAR). This particular policy does not in any way preclude the Bank from declaring stock and cash dividends as the board deems proper. To: PBB, as a matter of policy, will declare dividends either in the form of cash or stock dividends, or a combination of both at a payout ratio generally not exceeding thirty percent (30%) of the net income of the prior year, subject to the conditions and limitations set forth in this policy statement. Dividend pay-outs are reviewed annually. Dividend pay-outs are calibrated based on the prior year’s earnings while taking into consideration dividend yields, future earnings streams, and future business opportunities. PBB is driven by the following primary objectives: ¿ Maintaining healthy capital ratios to support its business ¿ Ensuring compliance with externally imposed regulatory capital requirements and liquidity requirements ¿ Maintaining strong credit ratings In declaring dividend pay-outs, PBB considers the following: ¿ The dividend is increased in response to the Bank’s achieving a higher level of sustainable earnings ¿ Dividends may be increased for a specific year to plow back to shareholders a commensurate share of unusually high earnings for a given year
Other Relevant Information
-