Philippine Savings Bank Approves the Declaration of Cash Dividends for Second Quarter of 2023, Payable on August 22, 2023

Philippine Savings Bank (the Bank) is a Philippines-based company, which is primarily engaged in savings and mortgage banking. The Bank offers a range of products and services, such as deposit products, loans, treasury and trust functions that mainly serve the retail and consumer markets. The Company operates through three segments: Consumer Banking, Branch Banking and Treasury. Consumer Banking segment principally provides consumer-type loans generated by the Home Office. Branch Banking segment serves as the Bank’s main customer touch point which offers consumer and corporate banking products. Treasury segment principally handles institutional deposit accounts, providing money market, trading and treasury services, as well as managing the Bank’s funding operations by use of government securities and placements and acceptances with other banks.