(From left): China Bank President William C. Whang, Chairman Hans T. Sy, and Investor and Corporate Relations Group Head Alexander C. Escucha
China Banking Corporation (China Bank) was conferred double honors by Hong Kong-based publication Corporate Governance Asia. At the 8th Asian Excellence Awards, China Bank was again named as the Best Investor Relations Company (Philippines) and its Senior Vice President and Investor and Corporate Relations Group Head Alexander C. Escucha was awarded Best Investor Relations Professional (Philippines) anew.
"Receiving these awards for the fourth time in a row and, more than that, being rewarded with the confidence of our investors, is an important recognition of the competence and commitment of our IR team and the strength and reputation of China Bank,” said Escucha.
For the Bank’s return to the capital markets last year, Escucha and key senior China Bank officials embarked on a comprehensive Investor Communications Program, which included road shows in Singapore and Hong Kong. The Bank successfully raised P15 billion in fresh capital via a stock rights offer to bolster its capital strength and sustain growth momentum.
China Bank has earned numerous awards for its adherence to the best practices in corporate governance and investor relations. These include winning the Best Bank for Corporate Governance Philippines 2018 and Best Investor Relations Bank Philippines 2018 awards of UK-based financial portal and print magazine Global Banking & Finance Review for the third consecutive year, and a special citation from the Philippine Stock Exchange for being among the top 5 in corporate governance for six straight years.
Corporate Governance Asia is the region’s most authoritative journal on Corporate Governance, providing news and analysis on corporate governance issues, boardroom practices, and shareholder activism. The Asian Excellence Recognition Awards recognizes excellence in investor communications, business ethics, corporate social responsibility, environmental practices and financial performance.