History

Celebrating the past. Embracing the future.

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  

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