The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc. (PNC) is one of the largest financial services providers in the US. The company is engaged in providing retail banking, corporate and institutional banking, asset management, and global fund processing services. The company offers deposit, lending, brokerage, trust, investment management, and cash management services to more than six million customers and small business customers. It also provides lending, treasury management, and capital markets-related products and services. In addition, the company serves asset managers, broker-dealers, and financial advisors by providing processing, technology and business intelligence services across the world. Further, through a range of fixed income, cash management, equity and balanced and alternative investment separate accounts and funds it manages assets on behalf of institutional and individual investors globally. PNC is headquartered at Pennsylvania, the US.The bank reported interest income of (U.S. Dollars) USD 6,313.00 million during the fiscal year ended December 2008, an increase of 2.38% over 2007. The net interest income after loan loss provision of the bank was USD 2,306.00 million during the fiscal year 2008, a decrease of 11.31% from 2007. The net profit of the bank was USD 882.00 million during the fiscal year 2008, a decrease of 39.88% from 2007.