China Bank is leading FX provider among PH banks


    China Banking Corporation was named the Best Asian Counterparty in the Philippines, topping the Asiamoney FX Survey 2019.

    Asiamoney’s FX rankings are derived from the votes collected in Euromoney’s Global FX Survey, the most comprehensive quantitative and qualitative annual study available on the foreign exchange markets.

    The 2019 survey ran in the first quarter of the year and garnered 1,966 valid responses from consumers of FX liquidity, representing total FX consumption of $121.1 trillion in the calendar year 2018.

    Hong Kong-based financial publication Asiamoney ranked the top three Asian counterparties in the Philippines, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, and Thailand as part of its 41st annual survey of liquidity consumption in the global FX markets.

    China Bank is celebrating its 100th anniversary next year, with the theme “Celebrating the Past. Embracing the future”. The centerpiece of the centennial celebration is the unveiling of its fully restored original head office in Binondo, built in 1924.

    China Bank, founded in 1920, is one of the largest private universal banks in the Philippines providing a full range of banking products and services to corporate, commercial, and retail customers through 631 branches and 1,001 ATMs to date.

    It also offers a wide range of allied financial services through its subsidiaries China Bank Capital Corp., China Bank Securities Corp., Chinabank Insurance Brokers Inc., and Manulife China Bank Life Assurance Corp.