Chinabank income grows 15% to P22B

By Brix Lelis

Feb 28, 2024 12:37 am

CHINA Banking Corp. (Chinabank) ended 2023 with a 'record' net income of P22 billion, up 15 percent from the previous year's P19.1 billion, on strong growth in core business revenues.

Its earnings performance translated to a return on equity of 15.5 percent and a return on assets of 1.6 percent, among the industry's best, the Sy-led bank said in a statement on Tuesday.

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