Stage left, from right: Chinabank Chairman Hans Sy, Pres. & CEO Romeo Uyan Jr., and Directors Joaquin Dee, Jose Sio, Claire Yap, and Genaro Lapez; Stage right, from left: PSE Chairman Jose Pardo, Directors Vivian Yuchengco and Eddie Gobing, Chief Operating Officer Atty. Roel Refran, Corporate Secretary Atty. Aissa Encarnacion, and Issuer Regulation Division Head Atty. Marigel Garcia.
Chinabank Chairman Hans T. Sy and President & CEO Romeo D. Uyan Jr. led the bell ringing ceremony at the Philippine Stock Exchange (PSE) on June 19, 2024 to mark the start of trading under Chinabank’s new stock symbol “CBC”, with Chinabank and PSE directors and key executives.
“Chinabank has always regarded its long and rich history with reverence and pride,” PSE Chairman Jose T. Pardo said, noting how the bank has weathered all the natural and man-made turmoil over the last century. “The bank recognizes that it operates in a totally different economic and financial landscape that warrants a change.”
Part of the brand refresh program to modernize the Chinabank brand and image, the change in stock symbol from "CHIB" to "CBC" aims to strengthen the brand recognition of the bank and create a more cohesive and unified representation in the stock market.
“As we ring the trading bell to celebrate the change in our stock symbol, we are not just making a superficial modification. We are embracing a new era, one that aligns our ticker with our evolving brand identity. This change represents our commitment to adapt to the changing dynamics of the financial industry and to better communicate our brand strength to investors and customers,” Uyan said.
Among the first companies to be listed on the Manila Stock Exchange in September 1927 as "CHIB", Chinabank has gone through tremendous growth through the years, becoming among the top four private universal banks in the country. It has been a member of the PSE MidCap Index since February 2023 and a constituent of the PSE Dividend Yield Index since February 2024.
Uyan thanked the PSE for their support, as well as the bank’s employees whom he called Chinabank’s original brand ambassadors. “Their hard work and dedication have made this moment and the bank's success in the last 100 years possible.”
Chinabank has had bell ringing ceremonies to mark, among others, its successful stock rights offerings in 2014 and 2017. In 2024, Chinabank’s stock price has soared to a 10-year high and its market capitalization has surpassed the P100 billion mark.