For the third year in a row, China Banking Corporation (China Bank) was named Best Bank for Corporate Governance Philippines 2018 and Best Investor Relations Bank Philippines 2018 by UK-based financial portal and print magazine Global Banking & Finance Review.
“Good corporate governance is the cornerstone of our business, and as a listed company, investor relations is crucial to our success. We are grateful to be recognized anew for our efforts in these fields, which we are driven to excel in to continue earning and deserving the trust and confidence of our stakeholders,” said China Bank President William C. Whang.
Last year, China Bank’s excellence in governance and investor relations was also recognized by Corporate Governance Asia, the region’s most authoritative journal on corporate governance. In addition, the Philippine Stock Exchange conferred a special citation to the Bank for being among the five best publicly-listed companies in corporate governance for six straight years.
The Global Banking and Finance Review Awards honors banking and financial institutions around the world for their innovative banking and investment strategies achievements, and progressive and inspirational impact on the industry. Award winners are selected using a wide range of criteria recognizing innovative banking, investment strategies, achievements, challenges, progress and inspirational change as well as their contribution to the global finance industry.
China Bank (PSE stock symbol: CHIB) founded in 1920, is the country’s first privately owned local commercial bank. It is now one of the largest private universal banks in the Philippines providing a full range of banking products and services to corporate, commercial, and retail customers through 603 branches to date, including the 160 branches of its retail bank arm China Bank Savings (CBS). It also offers a wide range of allied financial services through its subsidiaries China Bank Capital, China Bank Securities, China Bank Insurance Brokers, and affiliate Manulife China Bank Life Assurance.