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Chinatrust (Philippines) Commercial Bank Corporation is a subsidiary of Chinatrust Commercial Bank (CTCB), one of the 200 biggest banks in the world in terms of capital and the most awarded banking institution in Taiwan. Its asset size is over US$57 billion at the end of December, 2010 and it enjoys a credit rating unmatched by any local Philippine bank, A2 from Moody’s, A- from Standard and Poor’s, and A from Fitch.

The Philippine subsidiary was organized in 1995 and is listed in the Philippine Stock Exchange. It actively provides financial services to both local and foreign companies in the Philippines, aside from extensively serving the needs of the middle-income consumers. It is also one of the leading players in the local bond markets, dealing in both sovereign and corporate bonds, and is consistently cited as one of the top 10 Government Securities Dealers by the Bureau of Treasury. It entered the consumer finance business in 2002 by acquiring a portfolio from a regional bank that was divesting its consumer business in the country.

Since then, Chinatrust’s consumer finance portfolio has grown into the largest and fastest growing in the country. In the next few years, Chinatrust hopes to build industry-leading franchises in consumer finance, debt capital markets and niche-based corporate banking.