SM 2018 Net Income Up 13% to PhP37B

SM Investments Corp. (PSE: SM) reported a 13% growth in net income to PhP37.1 billion in 2018 from PhP32.9 billion in 2017. Consolidated revenues also rose by 13% to PhP449.8 billion from PhP397.9 billion the previous year. Property accounted for 41% of total earnings, with banks comprising 38% and retail 21%. “Our very good results […]
Continue reading…

 

China Bank Posts Record PhP8.1B Profit in 2018

China Banking Corp. (PSE: CHIB) posted a consolidated net income of PhP8.1 billion for full-year 2018, 7% higher than in 2017, driven by the sustained strong growth of its core businesses. This translated to a return on equity of 9.5% and a return on assets of 1%. Total operating income reached P28.6 billion, up 11% […]
Continue reading…

 

China Bank Receives PRS Aaa Credit Rating

China Banking Corp. (China Bank, PSE: CHIB), one of the country’s leading private universal banks with a strong franchise in the Chinese-Filipino market, received an issuer rating of PRS Aaa (corp.) from Philippine Rating Services Corp. (PhilRatings). As of September 30, 2018, China Bank was the country’s sixth-largest bank based on assets, loans, and deposits. […]
Continue reading…

 

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 & […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…

 

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 […]
Continue reading…