China Bank posts bigger net income

By Mayvelin U. Caraballo

Nov 06, 2021 12:18 am

LISTED China Banking Corp. announced higher consolidated net earnings in the third quarter of this year, bringing the year-to-date amount to P11 billion.

In a disclosure released on Thursday, the Sy-led lender said its net profit increased by 29 percent to P3.9 billion in the July to September 2021 period versus the third quarter of 2020.

China Banking Corp. was able to weather economic headwinds to post an P11-billion net income in the first nine months of the current year. PHOTO FROM CHINA BANK PH FB PAGE

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