The year 2020 marks the 100th anniversary of China Banking Corporation (China Bank).
With the theme “Celebrating the Past. Embracing the Future”, China Bank is commemorating this important milestone by preserving its legacy while moving forward to better serve its stakeholders.
“We have been able to reach this milestone that few companies do, thanks to the strong foundation and timeless values laid by our founders, the continuing trust and patronage of our customers and shareholders, and the hard work and dedication of China Bankers—from the pioneering staff to our over 10,000 employees today,” said William Whang, China Bank president.
The festivities kicked off on January 24 with a Lion Dance at the bank’s original head office in Binondo, Manila, which is currently being restored to its original architectural design by German Architect Arthur Julius Niclaus Gambrel Gumbert, and retrofitted with modern technologies to make it more resilient.
The restoration of the 1920s building is the centerpiece of the bank’s centennial celebration and a major component of Binondo’s renewal.
The project will be completed in August and will be marked as a heritage site, coinciding with launch of the China Bank Museum—both the physical museum inside the building and the mobile based app.
At the bank’s head office in Makati City, the bank’s chairman, Hans Sy, and Whang, switched on the LED lighted logo of the Bank’s 100th anniversary mounted on the upper floor façade, facing Paseo de Roxas.
The bank also has a year-long promo dubbed “Get the Miles, enjoy the SM-iles” that rewards customers with air travel (Mabuhay Miles or Get Go points) and shopping (SM Gift Pass) for their deposits from January 1 to December 31, 2020.
China Bank opened for business on August 16, 1920 in Binondo, Manila.
Since then, the Bank’s leaders have built a reputation for uncompromising integrity,service excellence, and commitment to clients’ financial success—from its incorporators and original board of directors led by Dee C. Chuan and Albino Z. SyCip and the first general managers J.W. McFarren and Eugene Wing; to Gilbert Dee, Peter Dee, and Ricardo Chua; to Hans Sy and Whang.
Over the years, China Bank has helped businesses succeed and families prosper, while doing its part for the country, society, and the environment.
“We have a rich history of enduring relationships of mutual trust and respect—with our customers, investors, and each other; of creating value for society; of making a better tomorrow for the next generation. As we adapted to a fast-changing world, we modernized without losing our core values and without changing China Bank’s distinct character, while continuing to serve with warmth and personal touch,” said Whang.
China Bank’s 100th year is as much about looking ahead as remembering history.
The bank is entering the new decade with a digital transformation strategy that centers on building up digital capabilities and enhancing manpower skills and culture with agility, scalability, and resilience to better meet the fast-evolving needs of customers.
It is targeting to roll-out key digital and automation projects to support its wildly important goals (WIGs): business growth, customer centricity, operational excellence, and employee engagement.
“While China Bank must and will embrace the digital future, wasting no opportunity to ensure that we are centrally engaged in 21st-century banking and can offer our clients the cutting-edge services they expect, we will also bring to the table what no technology can buy: a century of trustworthiness,” said Sy.