China Banking Corp. (Chinabank) rejoined the Philippine Stock Exchange Index (PSEi) on Feb. 3, marking its return after nearly 14 years.
Chinabank president and CEO Romeo Uyan Jr. said the bank’s inclusion reflects strong investor confidence in its long-term vision and strategic initiatives.
The bank’s stock price surged over 100 percent in 2024, driven by solid financial performance.
As of September 2024, Chinabank ranked as the fourth-largest private universal bank in the country, with total assets of P1.6 trillion and a net income of P18.4 billion.
Chief Finance Officer Patrick Cheng said the bank remains focused on profitability, capital efficiency, and digital transformation.
Source: PhilNews24 | February 5, 2025
