The Daily Tribune
CBS eyes 5 new branches after 1st qtr loan jump
China Bank Savings (CBS) is set to open five new branches in Visayas and Mindanao in the third or early fourth quarter of this year, spurred by a significant increase in its loan portfolio.
The thrift bank's loan portfolio reached P143 billion in the first quarter of 2025, reflecting a 23 percent growth in net income to P566 million.
CBS is aiming for a 20 percent loan growth this year, building on a 21 percent expansion in 2024 that was driven by high demand for teachers, auto, and housing loans.
The bank also has a strategic goal to double its profits within the next five years.
Despite new competitors entering the thrift banking sector, CBS remains optimistic about continued loan growth opportunities.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.