Chinabank reaffirmed its customer focus and continued strength and resilience at its Annual Stockholders’ Meeting on April 24, 2025.
During the event at the bank’s headquarters in Makati City, also streamed live via Zoom, Chairman Hans T. Sy addressed shareholders and announced the distribution of higher cash dividends for the year totaling P6.7 billion.
“I am glad to announce that your Board of Directors, in a special meeting held on April 23, 2025, approved and declared the following cash dividends: regular cash dividends of P1.50 per share and special cash dividends of P1.00 per share,” he said.
The total amount of cash dividends is 14 percent higher than the P5.9 billion paid last year. Shareholders on record as of May 9, 2025 will receive the cash dividends on May 22, 2025.
President & CEO Romeo D. Uyan Jr. reported on the bank’s financial performance in 2024 and progress in its transformation into a stronger, more agile and responsive institution.
“2024 was a year of growth and transformation for Chinabank,” Uyan said, noting that investments in cutting-edge technologies, people, and marketing, enabled the bank to “remain well-positioned to support customers, drive growth, and deliver sustainable returns.”
Chinabank posted double-digit growth across key metrics in 2024, recording its highest net income to date of P24.8 billion. It also maintained its standing as the fourth largest private universal bank in the Philippines in terms of assets, loans, and deposits.
Moreover, the bank’s share price and market capitalization more than doubled in 2024. According to Uyan, this development reflected strong market confidence in the bank’s fundamentals and growth prospects.
“Our success is driven by focus and commitment to delivering for our stakeholders,” he emphasized. “Our commitment remains clear—accelerating growth while strengthening digital, infrastructure, and talent capabilities.”
“We are committed to turning ambition into action, delivering value for stakeholders and building a sustainable future,” Uyan said.
Approximately 78 percent of the shares entitled to vote were represented at the meeting in person, online, or by proxy. The shareholders elected 12 nominees for director; approved all the acts of the Board of Directors, including the P100 billion fundraising exercise in several tranches over the next three years; and ratified the re-appointment of SyCipGorresVelayo& Co. as the bank’s external auditor.
The Chinabank board is composed of eight regular directors and four independent directors: Chairman Hans T. Sy, Vice Chairman Gilbert U. Dee, President & CEO Romeo D. Uyan Jr., directors Peter S. Dee, Joaquin T. Dee, Herbert T. Sy, Harley T. Sy, Jose T. Sio, and independent directors Margarita L. San Juan, Philip S.L. Tsai, Claire Ann T. Yap, and Genaro V. Lapez.
The bank also has two board advisors, Ricardo R. Chua and Howard Conrad T. Sy.
Chinabank opened for business on August 16, 1920 in Binondo, Manila, and is now one of the largest private universal banks in the Philippines.
It provides a full range of banking products and services to corporate, commercial, and retail customers through 651 branches and 1,087 ATMs, including the 170 branches and 239 ATMs of its savings bank arm CBS.
