PSE Circular for Brokers No. 2682-98

December 1, 1998 PSE CIRCULAR FOR BROKERS NO. 2682-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1 (b)(3) THEREUNDER 1. November 26, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification No. 5830 3. BIR Tax Identification No. 00488574 4. THE PHILIPPINE BANKING CORPORATION (PHILBANK) Exact Name of registrant as specified in its charter 5. Manila, Philippines Province, country or other jurisdiction of incorporation 6. [ ] (SEC Use Only) Industry Classification Code: 7. 6778 Philbank Bldg. Ayala Avenue, Makati City 1226 Address of Principal office Postal Code 8. 817-09-01 to 28 and 817-11-67 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Stock 28,726,132 11. Indicate the item numbers reported herein: Name Position Held Date of Effectivity of Resignation Gerardo B. Anonas Executive Vice President 11-24-98 The resignation of Mr. Anonas was for his career advancements and he will transfer to another bank. There is no adverse impact on the Bank because Mr. Deciel N. Yuhico, Senior Vice President would be taking his position. LLjur Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed in its behalf by the undersigned hereunto duly authorized. THE PHILIPPINE BANKING CORPORATION Registrant (SGD.) RENATO J. FERNANDEZ Corporate Secretary & General Counsel