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LOCAL banks are leveraging their digitalization efforts to sustain their double-digit net income growth in 2023. In separate disclosures to the Philippine Stock Exchange (PSE), China Banking Corp. (Chinabank) posted a 15 percent growth to P22 billion while Rizal Commercial Banking Corp. (RCBC) also posted a growth of 15 percent…
CHINA Banking Corp. (China Bank) recently won for the second time the Five-Golden Arrow Award, the highest recognition given by the Institute of Corporate Directors (ICD) to publicly-listed companies and insurance firms in the Philippines that excel in corporate governance. “This recognition is a testament to [our] ‘beyond-compliance approach’ to corporate governance and our unwavering
THE Sy-led China Banking Corp. (Chinabank) posted a 7-percent growth in its net income in the first six months of the year on the back of “higher revenues and lower provisioning.” In a disclosure to the Philippine Stock Exchange on Thursday, Chinabank said its net income reached P10.8 billion in…
China Banking Corporation reported a 31 percent growth in net income to P14.7 billion in the first nine months of 2022, from P11.2 billion in the same period last year, on the back of higher revenues and core fee income. In a disclosure to the Philippine Stock Exchange, the bank said this translat
China Banking Corporation reported a 39 percent jump in net profit to P10.1 billion in the first six months of 2022 from the P7.3 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven mainly by higher net interest in