New Chinabank ticker well-timed amid strong performance – PSE chair

Sy family-controlled China Banking Corp officially changed its stock ticker to “CBC” from “CHIB” on Wednesday, marking a key milestone for the firm that first went public almost a century ago.

In a statement following the ceremonial bell ringing, PSE chairman Jose Pardo highlighted the “auspicious” timing for this rebranding, noting Chinabank’s record net income of P22 billion in 2023.

Chinabank is the fourth largest private domestic bank in the country with assets of P1.5 trillion, loans of P791 billion, and deposits of P1.2 trillion.

Additionally, Chinabank is a member of the PSE MidCap index and the PSE Dividend Yield index, reflecting its strong market presence.