Caption: The 2022-2027 CBA was signed on December 7, 2022 at the Chinabank Head Office in Makati City.  (Seated from left) ACCRA – Counsel for the Bank  Atty. JOY ANNE C. LEONG-PAMBID, HR Deputy Group Head Tani Cruz, HR Group Head Roskie Testa, President William Whang, CBCEA Chairman Neil De Venecia, CBCEA Vice Chairman CHRISTOPHER JAMES S. ESCARA,  and CBCEA Legal Counsel Atty. MARIA CRISTINA TAQUIO.  Also at the signing were CFO Patrick Cheng (standing, 8th from left) and selected Chinabank and CBCEA officials. 

Chinabank and the China Banking Corporation Employees Association (CBCEA) successfully concluded a new 5-year Collective Bargaining Agreement (CBA) covering the Bank’s over 3,952 rank-and-file employees. This is the Bank’s 27th CBA in its 102-year history. 

Signed on December 7, 2022 after two and a half months of negotiation, the 2022-2027 CBA, includes economic and non-economic provisions to protect covered employees’ health, safety, rights, and livelihood.   

“The smooth negotiation and mutually satisfactory agreements show Chinabank’s harmonious employee-employer relationship and more importantly, how management values and takes care of our people,” Chinabank President William Whang said.

This is the first time that the Bank has a straight five-year CBA with its employee union. Previously, the CBA was for three years, then both panels renegotiate for the next two-year period. 

According to Chinabank Human Resources Group Head Roskie Testa, lead negotiator of the management panel, the new CBA is a win-win for both employees and the Bank. “We worked together in pursuit of the interest of both parties. I believe this new CBA would help us grow more in collaboration and cooperation as we face the challenges and opportunities ahead,” she said.  

The new CBA took effect retroactively on August 1, 2022 and will be in effect until July 31, 2027.  It provides a competitive package of salary increases, improvements in benefits, and a signing bonus.   

“We thank management for their fairness, understanding, and genuine concern for employees’ well-being. The union is committed to support the Bank and its stakeholders,” CBCEA Chairman Neil de Venecia said.