CHINA Banking Corp. reported that its net income for the second quarter (Q2) of this year exceeded P5 billion, which resulted in an increase in its bottom line from January to June 2022 over the same period in 2021.

"For the Q2 2022 period, China Bank's net income breached the P5-billion mark, a first in the bank's more than 100-year-old franchise," Patrick Cheng, China Bank's chief finance officer, was quoted as saying in a statement the bank released on Thursday.

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