Chinabank Income Hits All-Time High

Higher core business revenues boosted the net income of Sy-led China Banking Corp. (Chinabank) by 13 percent to hit another record high of P24.8 billion in 2024.

- By KEISHA TA-ASAN

"We continue to remain focused on executing our strategies to deliver quality service to our customers and stellar financial results to all our stakeholders," Chinabank president and CEO Romeo Uyan Jr. said.

"Our ongoing business transformation as well as solid fundamentals will allow us to sustain our growth in the coming years," he said.

The bank's higher earnings translated to a return on equity of 15.6 percent and return on assets of 1.6 percent.