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Central Bank of the Philippines
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China Banking Corporation (or
China Bank) is the first privately-owned local commercial bank in the
Philippines. It was incorporated on July 20, 1920 and started its operations
on August 16, 1920. China Bank went public on December 1, 1965.
It was the first bank in
Southeast Asia to process deposit accounts on-line in 1969. It was also the
first Philippine bank to offer telephone banking in 1988. In August 26,
1991, the Bank was issued a license to engage in universal banking.
Its financial products and services include deposits and related services,
international banking services, insurance products, loans and credit
facilities, trust and investment services, cash management services, and
other services such as acceptance of various bill payments and donations to
charitable institutions.
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It derives its revenue from
interest income (deposit taking and lending/investment activities) and other
income including service charges, fees & commissions, trading and foreign
exchange gain, trust fees, income from acquired assets, and other
miscellaneous income. |
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China Banking Corp
Category : Universal & Commercial Banks
SWIFT Code : CHBKPHMM
Address :
China Bank Building
8745 Paseo de Roxas corner Villar Street
Makati City 1226
Philippines
Telephone : (63) 2 8855 741 - 745
Website : www.chinabank.ph |
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China Bank was also the most active among the major banks in terms of
network expansion, opening a total of 22 branches -- 253 for the main bank
and 16 for China Bank Savings Inc -- bringing the total branch network to
269 by year-end 2010. China Bank’s core strategies are to continue to
expand and diversify its revenue sources, broaden its distribution
channels, maximize total customer relationships and strengthen the
organization for better competitiveness.
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