China Banking Corporation (China Bank, stock symbol CHIB) 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. In 1947, China Bank was among the first local banks to be listed at the Manila Stock Exchange. Recovering from the pains of war, only 33 other companies, mostly those in mining and sugar milling, were listed at the time. In 1965, the Bank was also listed at the Makati Stock Exchange. Then in 1969, it became the first bank in Southeast Asia to process deposit accounts on-line. Over the years, China Bank has grown and expanded, becoming a universal bank in 1991 and one of the most trusted banks in the industry today. China Banks 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. For the first semester of 2013, China Bank posted 46% growth in consolidated profits to P2.96 billion from P2.03 billion for the same period last year, driven by hefty improvements in its core operations. This strong income performance translates to a return on average equity of 13.24% and a return on assets of 1.81%. Total capital funds reached P44.58 billion. Its Tier 1 capital adequacy ratio (CAR) and total CAR remain well above the regulatory minimum17.11% and 17.96%, respectively. The Bank continues to make hefty investments to expand its operationsit bought Unity Bank last year to be merged with its thrift bank subsidiary China Bank Savings (CBS) this year, and recently entered a credit card partnership with MasterCard, paving the way for the launch of China Bank MasterCard Platinum and Classic in 2014. China Bank offers a wide range of financial products and services through its nationwide network of over 300 branches and more than 500 ATMs (including CBS). Complementing this vast network are electronic banking channels that provide efficient and secure 24/7 serviceChina Bank Online (mobile and internet banking) and China Bank TellerPhone (phone banking).

Over Nine Decades of Trust and Partnership

2012 China Bank acquires a new core banking systemthe more powerful Infosys Finacle Solution. The Bank also acquires Pampanga-based Rural Bank Unity Bank to be merged with its thrift bank subsidiary China Bank Savings (CBS) in 2013.

2011

China Bank is awarded Best Wealth Management House in the Philippines by The Asset Magazine and receives for the second time the Gold Award in Corporate Governance from the Institute of Corporate Directors (ICD). Hans T. Sy becomes chairman of China Bank.

2010

China Bank celebrates ninety years of banking and gets included in the 30-stock PSE index (PSEi) starting May 12. The Bank also wins the Silver Award on Corporate Governance from the Institute of Corporate Directors (ICD), and is again recognized by the Bureau of Treasury as one of the "Top Ten Best Performing Government Securities Eligible Dealers (GSED) in the Primary Market for 2010."

2009

Stern Stewart & Co., a leading worldwide management consulting firm based in New York, cites China Bank as one of the top 100 listed companies throughout Southeast Asia in terms of delivering shareholder value for the period 2002-2008. China Bank is one of only 11 Philippine companies and one of two Philippine banks to be included in the ASEAN 100 Relative Wealth Added Index. China Bank Cebu Business Center opens, the Bank's 14th branch in Cebu and its main business hub in the region.

2008

China Bank offers its maiden issue of fixed rate long-term negotiable certificates of deposit (LTNCDs). From an initial amount of P3 billion, the floatation was upsized to the BSP-approved amount of P5 billion due to overwhelming response. On September 8, 2008, China Bank's savings bank subsidiary formally opens its doors to the public as China Bank Savings, Inc. (China Bank Savings).

2007

China Bank embarks on new ventures: signs a Bancassurance joint venture agreement with Manulife and acquires Manila Bank. The bank also launches a raffle promo dubbed P8.7 million at 87.

2006

China Bank completes its first international US$53 M secondary share offering. The Bank starts a rapid branch expansion. China Bank wins Best Website Banking and Finance at The Philippine Webby Awards

2005

The Bank launches China Bank On-time Remittance and China Bank Online. To celebrate its 85th anniversary, it gives away a total of P8.5 million in prizes for its "Grateful at 85" deposit and loan raffle promo. China Bank becomes an Annual National Consumer Awardee for Outstanding Commercial Bank, given by Parangal ng Bayan. The Bank also receives a National Consumer Quality Award and Global Excellence Award for the same distinction.

2004

China Bank launches its Cash Management Services for businesses and corporate clients; Henry Sy Sr. becomes honorary chairman.

2002

China Bank hit the P100 billion mark in total resources.

2000

To celebrate the Bank's 80th anniversary, China Bank donates P1 million to Tabang Mindanaw to help the victims of armed conflict in Mindanao.

1999

China Bank automates its treasury operations with the Flexcube System. Its subsidiary China Bank Insurance Brokers, Inc. starts operations.

1996

China Bank accesses offshore capital markets for the first time by issuing US$50 M Floating Rate Certificate of Deposit (FRCD). The Bank also launches China Check Plus, an interest-earning current account.

1995

China Bank celebrates its diamond anniversary and raises its authorized capital to P2.54 billion.

1994

China Bank launches two consumer loan products: China Bank HomePlus and China Bank AutoPlus.

1991

China Bank acquires its universal bank license.

1990

China Bank joins seven other banks to create BancNet, the country's largest ATM network. To strengthen its position among the major players in the banking industry, the Bank transfers its corporate headquarters to its present location along Paseo de Roxas in Makati City.

1988

China Bank upgrades its on-line system and launches TellerCard, its ATM banking service. The same year, it launches TellerPhone, the first telephone banking in the Philippines.

1980

On December 24, 1980, Bank chairman Dee K. Chiong passes away due to a heart attack. The next generation of leadership, Gilbert and Peter Dee, begin to take over the reins.

1978

On May 2, 1978, Albino SyCip, ninety-one, passes away due to pneumonia. His successor as chairman, George Dee Se Kiat, passes away the following year.

1975

The Bank increases its Filipino ownership up to the 70% level required by Central Bank regulations. This paves the way for the Banks major branch expansion program.

1970

China Bank is still the biggest local private commercial bank, with P565.997 M in resources. It has 4.1% of the assets in the commercial banking system.

1969

China Bank becomes the first bank in Southeast Asia to process deposits on-line, using the IBM 360.

1965

China Bank has P287.446 M in resources and P207.933 M in deposits. It has a profit of P7.144 M on gross income of P24.663 M.

1960

China Bank is still the biggest local private commercial bank. It has 7.2% of all the assets in the commercial banking system, with P174.417 M in resources.

1955

China Bank breaches the P100 M mark for the first time, with P109.597 M in resources and P70.292 M in deposits. It is the biggest local private commercial bank.

1954

Dong Pao Loh becomes manager of the Banks Cebu branch. DP Loh becomes an institution in Cebu business, becoming friend and banker to many local tycoons.

1952

Albino, who is now sixty-four, gives up the China Bank presidency to George Dee Se Kiat, but remains chairman and general manager. Dee K. Chiong becomes senior vicepresident.

1948

China Bank has lent heavily to build the local economy, extending P182.84 M to various reconstruction efforts and economically strategic sectors. China Bank opens its first Cebu Branch.

1947

China Bank is listed on the local stock exchange.

1945

On July 23, 1945, Albino SyCip and around forty of the Banks old employees reopen China Bank. Albino is president and general manager; George Dee Se Kiat is vicepresident.

1942

In April, 1942, the Japanese military shuts down China Bank and liquidates its assets. Albino SyCip and George Dee Se Kiat are arrested and spent months in jail.

1941

On December 8, 1941, the Pacific War begins with the bombing of Pearl Harbor. On December 21, the Philippines is invaded.

1940

On October 27, 1940, Bank founder Dee C. Chuan, at the age of 52, dies of tuberculosis in California. His son George Dee Se Kiat takes over as head of the Dee family.

1935

China Bank has P21.537 M in resources and is by now one of the countrys biggest banks. It provides key financing for many of the countrys biggest businesses.

1931

The Great Depression hits the Philippine banking sector; hit by runs, a rival bank goes under, but China Bank weathers the crisis unshaken.

1929

The Bank opens a branch in Shanghai.

1925

From the beginning, it maintains an international perspective. China Bank opens its Xiamen branch.

1924

Albino SyCip joins China Bank on a full-time basis and will be its chairman for decades; over the next 53 years, he will define and exemplify its distinctive values.

1920

Dee C. Chuan leads a group of top Chinese-Filipino businessmen to establish China Bank, the first privately-owned commercial bank in the Philippines. The Bank opens for business on August 16, 1920 at No. 90 Rosario St., Binondo, Manila.

VISION
Drawing strength from our rich history, we will be the best, most admired, and innovative financial services institution, partnering with our customers, employees, and shareholders in wealth creation.

MISSION
We will be a leading provider of quality services consistently delivered to institutions, entrepreneurs, and individuals here and abroad, to meet their financial needs and exceed their rising expectations. We will be a primary catalyst in the creation of wealth for our customers, driven by a desire to help them succeed, through a highly motivated team of competent and empowered professionals, guided by in-depth knowledge of their needs and supported by leading-edge technology. We will maintain the highest ethical standards, sense of responsibility, and fairness with respect to our customers, employees, shareholders, and the communities we serve.