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China Banking Corporation

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Company Description
China Banking Corporation (CHIB) was incorporated on July 20, 1920 and commenced business on August 16 of the same year as the first privately-owned local commercial bank in the Philippines. CHIB was listed on the local stock exchange by 1927 and acquired its universal banking license in 1991. CHIB started by mainly catering to the Chinese-Filipino commercial sector, but has since expanded its market scope to include the retail and consumer segments.

CHIB's main businesses include corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, insurance products through China Bank Insurance Brokers, Inc. and Manulife China Bank Life Assurance Corporation (Manulife China Bank), internet banking and mobile banking services and remittances through tie-ups with remittance companies and exchange houses in the Middle East, Asia and major US cities. The Company also offers foreign currency deposits of US Dollar, Euro and Yuan to cater to clients' trade, investment and remittance requirements in this currency.

The Company's current subsidiaries include Chinabank Insurance Brokers, Inc.; CBC Properties and Computer Center, Inc.; China Bank Savings, Inc.; China Bank Capital Corporation (CBCC); China Bank Securities Corporation (China Bank Securities); and CBC Assets One, Inc. (CBC Assets).

In 2016, the Company, through CBCC, acquired ATC Securities, Inc. to set up its own brokerage firm, China Bank Securities. CBCC likewise incorporated CBC Assets One as its securitization unit. In the same year, CHIB dissolved and liquidated its investment in CBC Forex Corporation.

As of December 31, 2017, CHIB's products and services are made available across multiple distribution and delivery channels, particularly through its 596 branches and 888 automated teller machines nationwide.

Source: SEC Form 17-A (2017)
Security Information
Sector Financials
Subsector Banks
Corporate Life 50
Incorporation Date Jul 20, 1920
Number of Directors 11
Stockholders' Meeting as per By-Laws May - first Thursday; if holiday, reschedule to May - second Thursday
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address 8745 China Bank Building, Paseo de Roxas cor. Villar St., Makati City 1226 P.O. 2182
E-mail Address investor-relations@chinabank.ph
Telephone Number 885-5555
Fax Number 892-0238 ; 885-5135
Website http://www.chinabank.ph