Poging GOUD - Vrij
Thrift arm poised for record profit
Manila Bulletin
|August 07 2025
After posting record-breaking profits every year since 2021, China Bank Savings (CBS) is on track for another banner year as its profit grew 19 percent to P1.2 billion in the first half of 2025.
“We continue to perform well despite economic headwinds such as geopolitical uncertainties and shifting monetary environments,” said CBS President James Christian T. Dee.
He added that, “We will follow our game plan of expansion both physically and digitally to ensure we reach as many Filipinos as possible.”
Total loans expanded by 8.6 percent to P147.1 billion, supported by continued growth in automatic payroll deduction (APD), auto, housing, and small and medium enterprise (SME) lending. Deposits grew by 8.8 percent to P181.4 billion from December 2024.
Dit verhaal komt uit de August 07 2025-editie van Manila Bulletin.
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