Ninety-nine years of making your success our business

China Bank Banking Corporation (China Bank) is at the cusp of its milestone centennial year, celebrating its 99th anniversary today with gratitude and renewed commitment to continue delivering on its promise to the banking public: “Your success is our business.”

This strong customer focus has driven China Bank to continuously innovate to serve customers better, to expand its services and footprint to make banking more accessible and inclusive, and to adopt best practices to create sustainable value and build enduring customer relationships.

With an ear to the ground and an eye to the future, the Bank continues to build on its strong foundation.

• Opened 22 branches last year and is targeting to add 23 more this year. Including the branches slated for opening next month, China Bank and its thrift bank arm China Bank Savings have a combined network of 624 branches nationwide.
• 976 strategically-located ATMs and robust electronic banking facilities, including the China Bank Mobile App with its many first-in-the market features.
• China Bank Mobile App is the first app with SLEX RFID reloading and card-less withdrawal wherein a one-time PIN will be sent via SMS to the customer’s mobile phone for accessing emergency cash via ATM.
• China Bank is the first bank to offer beep™ card reloading via ATM.
• Launched two new credit cards: China Bank Cash Rewards Mastercard offers up to 6% cash rewards on purchases, while China Bank Freedom Mastercard offers perpetual waiver of annual membership fees and access to exclusive rewards and deals.
• Soon, retail investors can execute stock market trades with their computers or smart phones through China Bank Securities’ online trading facility.
  

China Bank’s sustainability and ability to meet customers’ needs now and in the future are anchored on strong financial performance and strategic fund raising capabilities.

• Posted a record income of P8.1 billion in 2018, 8% higher than in 2017.
• Profits reached P4.2 billion in the first half of 2019, 18% higher year-on-year. For the second quarter alone, income growth was a hefty 27% vs. the first quarter.
• Total resources as of end-June stood at P908 billion, up 18% year-on-year, bringing it ever closer to its goal of becoming a P1 trillion bank in 2020.
• Raised P30 billion through its maiden issue of fixed rate bonds, one of the largest corporate bond issuances on a single issuance in the market to date.
• Raised P10.25 billion Long-Term Negotiable Certificates of Time Deposit (LTNCD) last year, the largest single LTNCD issuance for 2018, and issuing up to P20 billion LTNCD this year. These fund-raising activities not only bode well for China Bank’s future, but also affirm its commitment to providing customers with higher yielding investment alternatives to help them make the most of their hard-earned money.

The trust and credibility China Bank enjoys are the hard-earned result of its Board and Management’s efforts to make good governance a priority.

• Received the Best Corporate Governance Disclosure and Transparency Award and the Pagtugon Award for Universal and Commercial Banks from the Bangko Sentral ng Pilipinas.
• Only bank among the six publicly-listed companies to receive the Four-Arrow Recognition from the Institute of Corporate Directors.
• Only bank among the top three publicly listed companies (PLC) in the Philippines and among the 50 best ASEAN PLCs recognized at the ASEAN Governance Awards

With deep gratitude to customers and other stakeholders for their continued support and patronage, China Bank is celebrating the past and embracing the future. Even with its vast leaps towards growth and modernization, China Bank holds fast to timeless values and an unwavering commitment to make your success its business for the next hundred years and beyond.