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China Banking Corp. booked a 37 percent jump in net income to P4.9 billion in the first quarter of the year from P3.6 billion last year as the Philippine economy continues to recover from the COVID-19 pandemic.
China Banking Corp. earned a record P15.1 billion last year, 25 percent more than in 2020, on the back of sustained core business growth and effective cost management.
The organization predicted the global economy would grow 5.6 percent this year, but said a new virus-related downturn would hurt the United States and Europe differently.
The electric car company is helping Chinese companies become global players in the emerging industry, posing a competitive threat to traditional rivals.
China Bank goes live with Intellect Wealth's Digital Trust Solution News provided by Share this article Share this article CHENNAI, India, JAKARTA, Indonesia, MANILA, Philippines, March 8, 2021 /PRNewswire/ -- Intellect Design Arena Ltd, a cloud-native, future-ready multi-product FinTech company for the world's leading financial and insurance clients, today announced that China Banking Corporation (China Bank), one of the largest universal banks in the Philippines, has gone live with its Digital Trust and Wealth Management solution using Intellect's WealthQube suite. China Bank now joins th...