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Annual Report


View or download the current and past annual reports of China Bank.  Each report contains detailed information about China Bank’s performance, operations, and activities and the complete financial statements and opinions of the independent auditors, including the required disclosures.

Performance Highlights

China Bank posted a 15% growth in net income to P6.45 billion in 2016, reflecting sustained growth in core businesses across all market segments. This translates to a return on equity of 10.4% and return on assets of 1.16%. Total assets grew 20% to P633.2 billion, as loans and deposits grew faster than industry. Gross loans rose 24% to P393.74 billion, led by the 27% growth in consumer loans. Total deposits rose 23% to P541.5 billion, with the 21% growth in low-cost CASA deposits to P276.4 billion reflecting the strength of the China Bank franchise boosted by deposit growth from new branches. CASA ratio stood at 51.0%, while loans-to-deposit ratio stood at 71.4% respectively, well above regulatory requirements.

2015 2016
For the Year (In Thousand Pesos)
Net Interest Income 15,085,184 16,694,195
Non-Interest Income 4,487,142 5,094,746
Operating Income 19,572,326 21,788,941
Provision for Impairment & Credit Loses 966,574 850,546
Operating Expenses 12,193,207 13,350,873
Net Income Attributable to Equity Holders of the Parent Bank 5,606,666 6,458,296
At Year End (In Thousand Pesos)
Total Resources 526,826,963 633,198,011
Loan Portfolio (Net) 309,761,777 386,827,300
Investment Securities 71,209,973 98,982,422
Total Deposits 439,265,686 541,583,018
Stockholders' Equity 59,170,904 63,386,204
Number of Branches 517 541
Number of ATMs 740 805
Number of Employees 7,540 8,124
Key Performance Indicators (in %) Profitability
Return on Average Equity 9.62 10.42
Return on Average Assets 1.17 1.16
Net Interest Margin 3.37 3.20
Cost to Income Ratio 62.30 61.27
Liquidity
Liquid Assets to Total Assets 36.09 34.39
Loans to Deposit Ratio 70.52 71.43
Asset Quality
Non-Performing Loans Ratio 2.53 1.86
NPL Cover 87.33 91.00
Capitalization
Capital Adequacy Ratio (CET 1/Tier 1) 12.58 11.30
Capital Adequacy Ratio (Total CAR) 13.50 12.21
Shareholder Information Market Value
Market Price Per Share (In Pesos) 34.44 38.00
Market Capitalization (In Thousand Pesos) 68,958,700 76,077,058
Valuation
Earnings Per Share (In Pesos) 2.80 3.23
Price to Earnings Ratio (x) 12.30 11.76
Book Value Per Share (In Pesos) 29.56 31.66
Price to Book Ratio (x) 1.17 1.20
Dividends
Cash Dividends Paid (In Thousand Pesos) 1,716,414 1,853,728
Cash Dividends Per Share (In Pesos) 1.0 1.0
Cash Payout Ratio (In %) 33.54 33.06
Cash Dividend Yield (In %) 2.57 2.72
Stock Dividends Paid (In Thousand Pesos) 1,373,131 1,482,993
Stock Dividends Per Share 8 8

1/Restated to show the cumulative effects of stock rights and stock dividends

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