2023
Wins the highest governance award for the second time, the Five Golden Arrows, and the 2023 Employer of the Year Award
2022
Becomes the fourth largest private universal bank in the country in terms of assets; breaches the trillion-peso mark in deposits
2021
Inaugurates the restored Chinabank Binondo Business Center and the new Chinabank Museum; emerges as the Best Bank in the Philippines and among the strongest banks in the country and in the Asia Pacific region
2020
Marks centennial; hits P1 trillion in assets and P100 billion in capital
2019
Raises P30 billion via maiden issue of fixed-rate retail bonds, one of the largest bond offerings for the year; begins restoration of original head office in Binondo
2018
Signs US$150 million Green Bond issuance for climate-smart projects with International Finance Corporation (IFC) as sole investor
2017
Gets investment grade credit rating of “Baa2” from Moody’s; raises P15B from stock rights offer
2016
Establishes Chinabank Securities to provide clients with stock brokerage, securities research, and analysis services
2015
Enters the credit card business and launches Chinabank MasterCard; rolls out a new core banking system, the powerful Finacle Core Banking Solution (FCBS) from Infosys; reorganizes the Investment Banking Group into a full-fledged investment house subsidiary, Chinabank Capital
2014
Acquires Plantersbank and merges it with China Bank Savings; raises P8 billion from stock rights offering
2012
Acquires Pampanga-based Unity Bank
2007
Acquires Manila Bank and operates it as China Bank Savings; enters into a bancassurance joint venture with Manulife to form China Bank Manulife Life Assurance Corp.
2005
Launches Chinabank Online for convenient and secure internet banking
1998
Establishes Chinabank Insurance Brokers, Inc. to provide direct insurance broking for retail and corporate customers, with a wide and comprehensive range of plans for life and non-life insurance
1997
Issues US$75 million FRCD; best capitalized bank during the Asian Financial Crisis, after a 2 for every 3 shares stock rights offering
1996
Accesses the offshore capital markets for the first time by issuing US$50 million Floating Rate Certificate of Deposit (FRCD)
1995
Embarks on a five-year P150 million program for technology infrastructure upgrade, acquiring leading-edge Dimension software from Kirchman Corp. and the latest IBM ES 9000 hardware
1991
Acquires universal banking license
1990
Joins seven other banks to create BancNet, the country’s largest ATM network; transfers corporate headquarters to its present location along Paseo de Roxas in Makati City
1988
Launches Teller Phone, the first telephone banking service in the Philippines
1982
Establishes CBC Properties and Computer Center, Inc. to provide computer-related services solely to Chinabank and to manage the Bank’s electronic banking and e-commerce requirements
1977
Hikes capitalization to P300 million from P100 million; becomes one of the first banks authorized by the Central Bank to engage in foreign currency-denominated transactions
1975
Increases Filipino ownership up to the 70% level required by the Central Bank, paving the way for Chinabank’s major branch expansion program
1970
Still the biggest local private commercial bank, with P566 million in resources 1973 Hits the P1-billion mark in assets; meets the Central Bank’s requirement of a P100 million minimum paid-up capital for commercial banks
1969
Becomes the first bank in Southeast Asia to process deposits on-line, using the IBM 360
1965
Declares 100% stock dividend and increases its authorized capital stock from P10 million to P40 million
1960
Opens the first branch in Manila, Sto. Cristo Branch
1955
Breaches the P100-million mark in assets, becoming the biggest local private commercial bank
1954
Albino SyCip initiates the Liberty Wells project to provide potable water for millions of Filipinos
1949
Closes Xiamen and Shanghai branches when the Communists took over China
1948
Opens the first local branch, Chinabank Cebu
1945
Chinabank reopens and lends heavily to key industries for post-war reconstruction and long-term development
1942
The Japanese military shuts down Chinabank, liquidates our assets, and jails our principal officers Albino SyCip and George Dee Se Kiat
1931
The Great Depression adversely affects the Philippine banking sector; hit by runs, a rival bank goes under, but Chinabank weathers the crisis unshaken
1929
Opens branch in Shanghai, China
1927
Becomes one of the first companies to be listed on the Manila Stock Exchange
1925
Opens branch in Xiamen, China
1924
Transfers to Chinabank’s own building on Juan Luna corner Dasmariñas Sts., Binondo, our head office for the next seven decades
1920
Dee C. Chuan leads a group of top Chinese Filipino businessmen to establish Chinabank. The Bank opens for business on August 16, 1920 at No. 90 Rosario St., Binondo, Manila
This centennial edition is an expansive update of the earlier book
published for Chinabank’s 90th anniversary, and part of a bigger package
to celebrate the Bank’s 100th anniversary.
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