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Philippine National Bank sells shares in PNB-IBJL Leasing to IBJ Leasing

Philippine National Bank approved the sale of 1 million shares in PNB-IBJL Leasing and Finance Corp. to Japan's IBJ Leasing Co. Ltd.

The bank said in a July 27 release that it sold the shares for 100 million pesos.

As of July 27, US$1 was equivalent to 53.23 Philippine pesos.