Philippine National Bank (PNB), one of the country's largest private local commercial banks celebrates its Centennial. On this occasion the Philippine Postal Corporation (PHLPost) issues four special stamps that were designed by young artists who recently won the On- the Spot Centennial Stamp Design Competition which focused on the theme "PNB: Isandaang Taon ng Pagkalinga".
StampNews.com is glad to introduce to our readers' attention these four bright philatelic items.
The stamps depicts the creative design done by Kenneth Olivar of Culiat High School, Jean Christian Tormes, Philippine Institute of Quezon City, Jerico Martinez of Las Pinas City and Michael Montanez, Bacoor, Cavite.
The competition aims to promote awareness among the youth on the significance of celebrating the 100-year legacy of PNB through the creative art of postage design.
On July 22, 1916, the Philippine National Bank (PNB) formally opened its doors to the public with headquarters in the Masonic Temple, which is a prominent structure along Escolta, Manila. It was established before as a government-owned banking institution to support the country's economic effort and provide financial services to Philippine industry and agriculture.
The bank was acquired by tycoon Lucio Tan after it was privatized by the government in 2000.
PHLPost commissioned security printer Amstar Co. to print 101,000 copies of the stamps, to be sold at P15 each.