During its board meeting on Jan. 8, 2025, the country’s fourth-largest private bank approved the fundraising exercise, which will be conducted in tranches through retail bonds, commercial papers, or a combination of both.
Proceeds will support Chinabank’s strategic initiatives and expansion programs.
Last year, Chinabank posted record earnings from January to September, driven by strong performance across its core businesses.
Net income jumped 13 percent to P18.4 billion, translating to a return on equity of 15.7 percent and a return on assets of 1.6 percent, both among the highest in the industry.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
