Welcome and Thank you Letter

October 10, 2001

Ms. Malou de Guzman
Daan Bago
Samal, Bataan

Dear Ms. De Guzman:

We, at Philippine National Bank, welcome and thank you for opening an account with us.

We know a great amount of care went into your consideration in selecting a bank.  We are pleased that you are among the millions of customers worldwide who have made that decision to bank with us.  Be assured that we will exert every effort to meet your expectations.

Our bank offers a wide array of innovative and value-added products to cater to your various needs.  We invite you to take time to talk to our branch officers or visit our website www.pnb.com.ph so that you may be oriented about PNB’s other products and services.  We have also provided you with theBank’s fees and charges at the back for your easy reference.

Thank you once again for choosing PNB and we look forward to a long and fruitful banking relationship with you.

Very truly yours,

Josie Mae Del Rosario
Branch Manager