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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