CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Nov 6, 2024
2. SEC Identification Number
443
3. BIR Tax Identification No.
000-444-210-000
4. Exact name of issuer as specified in its charter
CHINA BANKING CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8745 China Bank Building, Paseo de Roxas cor. Villar St., Makati CityPostal Code1226
8. Issuer's telephone number, including area code
632 8885-5555
9. Former name or former address, if changed since last report
NA
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON
2,691,340,312
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
China Banking CorporationCBC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Press Release - Chinabank hits record P18.4B net income in nine months
Background/Description of the Disclosure
China Banking Corporation (Chinabank) will be releasing to the press the attached statement entitled: “Chinabank hits record P18.4B net income in nine months”. Highlights are as follows:
• Chinabank posted a net income of P18.4 billion, which translated to a return on equity (ROE) and return on assets (ROA) of 15.7% and 1.6%, respectively.
• Chinabank closed the quarter with P1.6 trillion in assets, up 13% year-on-year (YoY), supported by a 13% expansion in deposits to P1.3 trillion. Gross loans hit P871.6 billion, up 14% from broad-based growth across market segments.
• Total equity increased 15% to P162.7 billion, with a common equity tier 1 (CET1) ratio of 14.8% and total capital adequacy ratio (CAR) of 15.7%, well above the regulatory minimum requirement. Book value per share increased by 15% YoY to P60.43.
Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.