Makati, Philippines - China Banking Corporation (China Bank) successfully concluded a new collective bargaining agreement (CBA) with the China Banking Corporation Employees Association (CBCEA). The new 2017 - 2020 CBA provides for wage increases, improvements in benefits like HMO dependents, medical allowance, teller allowance, rice subsidy, and sick leave benefits, accident insurance coverage for employees with regular field assignments, and a contract signing bonus for China Bank’s rank and file employees nationwide. This is the Bank’s 25th CBA in its 97-year history. Present during the signing were (front L-R) China Bank President William Whang, China Bank Former President & CEO Ricardo Chua, CBCEA President Neil De Venecia, China Bank Vice Chairman Gilbert Dee, and China Bank HRD Head Maria Rosanna Testa.
Founded in 1920, China Bank offers a wide range of financial products and services to corporate, commercial and retail customers through its nationwide network of branches, ATMs and other electronic channels. With nearly a century of solid financials, strong commitment to personal, quality service, significant contribution to the country’s financial landscape, and an enduring legacy of successful partnerships with generations of clients trusting the Bank with their wealth and future, China Bank remains to be one of the most respected, trusted, stable and profitable financial institutions in the country.