Chinabank was named as the Domestic Retail Bank of the Year – Philippines at the Asian Banking and Finance (ABF) Retail Banking Awards 2024. In addition, the bank and Chinabank Capital won the Debt Deal of the Year — Philippines and IPO (initial public offering) Deal of the Year – Philippines at ABF’s Corporate & Investment Banking Awards 2024.
The Domestic Retail Bank of the Year award recognizes Chinabank’s strong performance in the past year, achieving record-high earnings and improved shareholder returns.
The country’s fourth largest private universal bank, Chinabank recorded 15 percent higher net income in 2023 to P22 billion on the back of strong core business growth. Its key profitability metrics have consistently remained among the highest in the industry, with a return on equity exceeding 15 percent for the past two years.
Apart from its sustained solid financial performance, Chinabank embarked on a digital transformation, adopting a customer-centric, technology-enabled retail strategy to offer seamless customer experiences and convenience in-branch and online.
