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.
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%.