Philippine Business Bank (PBB) successfully bagged the Bronze Award for the Best Environment Initiative Category in the recently concluded Asian Banking & Finance Retail Banking Awards held on 20th of July 2011 at the Shangri La Hotel, Singapore. This is in recognition of the technology innovation implemented by PBB for its SWIFT transactions that minimize energy consumption and heat generating computer equipment for a greener IT environment while maintaining effectiveness and delivery of services to its customers.

The nominations were screened by the top partners of the different firms in Asia. The judges looked at the nominees' strategy and on what makes it different from the others in terms of its innovation, effectiveness and dynamism.

PBB was one of banks that was recognized among the many entries sent by some of the leading banking institutions in Asia that joined the prestigious retail banking awards.

Since 2007, Asian Banking & Finance Magazine, the leading media in the region for retail banking has recognized the best performances among the regions' banks through its Retail Banking Awards. The five strong judging panel including representatives from the Big 4 advisory firms; KPMG, PwC, Ernst & Young and Deloitte Consulting make these awards the most critically judged and important for the banks in the region, and winning an award is a testament to excellent work done by the bank.