For China Bank, it has always been a matter of trust. Every single relationship is a trust worth keeping, worth living up to. As China Bank commemorates its 93 years of successful operations, it celebrates its many fruitful, enduring, mutually-beneficial partnerships, and shares its remarkable story of trust and solid relationships that stood the test of time.
The story of the first privately-owned local commercial bank in the Philippines, from the ground-breaking beginning—the meeting of 11 men, led by Dee C. Chuan, to establish a new bank in Manila that would enable Chinese businessmen to access financing on an unprecedented scale—to the remarkable years of evolution and expansion that followed, is not merely a written historical account, but a graphic re-telling of how China Bank, founded not by banking experts, but by entrepreneurs, men who risked their own capital and worked their way up the ladder of success, men who understood the ups and downs of the business cycle, “ministered understandingly to businessmen’s credit requirements.”
Containing around 260 pages and over a hundred photos, A Matter of Trust: The China Bank Story penned by the late Raul Rodrigo, throws light on the nine remarkable decades of China Bank’s existence, its rich history so intricately woven with the fabric of Chinese business in the Philippines, and the success stories of loyal clients who have built their empires with China Bank as a steadfast and dependable banking partner—the likes of mall king Henry Sy, JG Summit’s John Gokongwei, shipping magnate Victor Chiongbian, DMCI’s DM Consunji, Teodoro Tagle of the Tagle Group of Companies, ACE Hardware’s Johnny Cobankiat, steel tycoons Luis and Marcelo Co, the late construction giant FF Cruz, Boysen Paints’ Willy Ong, Century Tuna’s Ricardo Po, manufacturing moguls Larry Tan-Villareal and Lucio Yan, rice traders and cement distributors Esperanza and Jose Ching, and businessmen and long-time friends Siao Tick Chong and Luis Uy.
Drawing on facts and insights from current and retired employees, longtime clients, and a number of other authors, Rodrigo weaved an engaging and interesting read. The rich content and beautiful photos, mostly published for the first time, are an invitation to leaf through the pages. Altogether, A Matter of Trust: The China Bank Story is a remarkable book that will not only be of interest to China Bank employees and customers, but will also touch readers who have an interest in history. For indeed, China Bank’s nine-decade long story is a part of the country’s history, and the Bank’s actions, helped in no small measure, shape the economy. Now, the history and heritage of one of the Philippines’ most trusted banking institutions are not only preserved in the halls of its original head office in Binondo, built in the 1920s, but have also been immortalized in a unique and beautiful coffee table book A Matter of Trust: The China Bank Story.
China Bank offers a wide range of financial products and services through over 300 branches nationwide, which it plans to expand to 415 by 2014, and more than 500 strategically-located ATMs (including thrift bank subsidiary China Bank Savings). The Bank recently announced its first semester profits of P2.96 billion, up 46% compared to the same period last year, driven by hefty improvements in its core operations.