China Bank Settles $158M Loan

Makati—(PHStocks)—China Banking Corp. (China Bank, PSE: CHIB) has paid off one year ahead of schedule the three-year US$158 million Syndicated Loan that was originally scheduled to mature in June 2018. “The strong growth in foreign currency deposit has enabled us to not only raise the balance earlier than expected,” said William C. Whang, EVP & […]
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China Bank Gets Investment Grade Credit Rating from Moody’s

Makati—(PHStocks)—China Banking Corp. (China Bank, PSE: CHIB), the first privately-owned local commercial bank in the Philippines, recently received an investment grade credit rating of Baa2 from Moody’s Investors Service (Moody’s), one of the leading credit rating agencies. This rating is the same level as the Philippine sovereign rating and at par with the country’s top […]
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China Bank 2016 Income Up 15% to PhP6.4B

Makati—(PHStocks)—China Banking Corp. (PSE: CHIB) posted a 15% growth in net income to PhP6.45 billion in 2016, reflecting sustained growth in core businesses across all market segments. This translates to a return on equity of 10.4% and return on assets of 1.16%. Net interest income grew 11% to PhP16.69 billion, driven by the 12.5% rise […]
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China Bank PhP9.58-B LTNCD Listing Ceremony

Makati—(PHStocks)—China Banking Corp. (China Bank, PSE: CHIB), listed PhP9.588 billion representing the first tranche of its PhP20 billion long-term negotiable certificates of time deposits (LTNCD), marking the return of China Bank to the peso debt market after its LTNCD transaction in 2008. Related Articles:China Bank Names President of New Investment House SubsidiarySan Miguel Lists PhP80B […]
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China Bank Income Up 31% to PhP4.84B

Makati—(PHStocks)—China Banking Corp. (China Bank, PSE: CHIB) posted a consolidated net income of PhP4.84 billion from January to September 2016, 31% higher than the profits recorded for the same period last year, attributable to the strong growth in its core and fee-based businesses. This translates to a return on equity (ROE) of 10.47% and a […]
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China Bank to Issue PhP20B LTNCDs

Makati—(PHStocks)—China Banking Corp. (China Bank, PSE: CHIB) plans to issue up to P20 billion long-term negotiable certificates of time deposits (LTNCD) to support its strategic initiatives and business expansion. China Bank will apply for a shelf program and the issue will be in tranches of P5 to P10 billion each with tenors ranging from five to […]
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China Bank Capital Acquires ATC Securities

Makati—(PHStocks)—The China Bank Group (PSE: CHIB), through China Bank Capital Corp., signed the Share Purchase Agreement, subject to standard regulatory approvals, on 29 June 2016 to acquire 100% shares in ATC Securities Inc. ATC Securities was incorporated on December 13, 1978 as Cathay Asia Securities Inc. to engage in securities brokerage and dealership, and changed its name to […]
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China Bank Group Sets Up Stock Brokerage, Securitization Company

Makati—(PHStocks)—China Bank Capital Corp. (CBCC), the investment house of China Banking Corp. (PSE: CHIB), will establish a stock brokerage house and a special purpose corporation. The stock brokerage house shall be named China Bank Securities Corporation. As a wholly owned subsidiary, it will enable China Bank Capital to do Initial Public Offerings (IPOs) and list these IPO shares in […]
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