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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

The year 2018 was a significant period of change and progress for China Bank, marking a new chapter in our storied history. We achieved good business and financial results as we sustained our growth momentum and  investment grade credit rating.

China Bank posted a consolidated net income of P8.1 billion, 7.9% higher than in 2017, driven by the strong growth in core businesses.  Total assets expanded by 15.3 % to  P866 billion from P751 billion, supported by the double-digit growth in loans and investments. The 12.6% increase in gross loans to P513 billion was led by the consumer and corporate segments which grew 20% and 18%, respectively.  The growth in corporate loans was boosted by the robust investment banking activities of China Bank Capital which maintained its leadership in retail bond issues. Asset quality remained healthy as the Bank’s non-performing loans ratio further improved to 1.2% which was better than industry.  NPL cover was higher at 167% from 99% in 2017.    Total deposits increased by 13.7% to P722 billion from P635 billion, of which CASA (demand & savings deposits) totaled P401 billion. CASA ratio of 56% exceeded the 2017-end ratio of 54%.  Total capital stood at P88 billion, 5.0% higher than last year’s P84 billion. Capital adequacy ratios remained healthy with Common Equity Tier 1 (CET 1) ratio at 12.16% and total CAR at 13.09%.

2017 2018
For the Year (In Thousand Pesos)
Net Interest Income 19,626,403 22,926,186
Non-Interest Income 6,101,694 5,658,296
Operating Income 25,728,097 28,584,482
Provision for Impairment & Credit Loses 754,171 141,076
Operating Expenses 15,961,818 18,055,880
Net Income Attributable to Equity Holders of the Parent Bank 7,513,972 8,110,379
At Year End (In Thousand Pesos)
Total Resources 751,447,510 866,071,640
Loan Portfolio (Net) 448,970,942 505,804,955
Investment Securities 127,970,546 190,234,824
Total Deposits 635,093,393 722,123,297
Stockholders' Equity 83,655,497 87,856,587
Number of Branches 596 620
Number of ATMs 888 966
Number of Employees 9,124 9,652
Key Performance Indicators (in %) Profitability
Return on Average Equity 10.01 9.54
Return on Average Assets 1.12 1.04
Net Interest Margin 3.11 3.1
Cost to Income Ratio 62.04 63
Liquidity
Liquid Assets to Total Assets 36.40 38
Loans to Deposit Ratio 70.69 70
Asset Quality
Non-Performing Loans Ratio 1.41 1.2
NPL Cover 99.02 167
Capitalization
Capital Adequacy Ratio (CET 1/Tier 1) 13.47 12.16
Capital Adequacy Ratio (Total CAR) 14.22 13.09
Shareholder Information Market Value
Market Price Per Share (In Pesos) 33.30 27.1
Market Capitalization (In Thousand Pesos) 89,402,898 72,787,885
Valuation
Earnings Per Share (In Pesos) 2.91 3.02
Book Value Per Share (In Pesos) 31.16 32.71
Price to Book Ratio (x) 1.07 0.83
Price to Earnings Ratio (x) 11.44 8.97
Dividends
Cash Dividends Paid (In Thousand Pesos) 1,988,719 2,229,297
Cash Dividends Per Share (In Pesos) 0.8 0.83
Cash Payout Ratio (In %) 30.79 30
Cash Dividend Yield (In %) 2.36% 2.49
Stock Dividends Paid (In Thousand Pesos) 1,988,729 -
Stock Dividends Per Share 8 -

 
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