China Bank

China Banking Corp. (Chinabank) reported a record net income of P24.8 billion for the year 2024, marking an increase of 13 percent.

Philippine shares rebounded on Wednesday after two consecutive days of decline, with the bellwether Philippine Stock Exchange index (PSEi) rising 1.33% to close at 6,144.96.

Several major Philippine companies, including Ayala Corporation and San Miguel Corporation, led 29 Filipino firms named among Time Magazine's inaugural list of the 500 Best Companies in Asia-Pacific for their robust growth and sustainable practices last year.

China Banking Corp. (Chinabank) plans to raise P100 billion in fresh funds through bonds and commercial papers over the next three years.

Philippine financial markets closed mixed on Friday, December 27, marking the last trading day of a volatile year for both stocks and currency.

Manila Water Co., Inc., led by Razon, has secured a 10-year term loan facility worth P10 billion from China Banking Corp. to fund its capital expenditure (capex) projects.

The Bankers Association of the Philippines (BAP) and the Bangko Sentral ng Pilipinas (BSP) launched an enhanced Peso Interest Rate Swap (Peso IRS) market on Monday, November 18.

China Banking Corp. (Chinabank) reported record nine-month earnings, with net income increasing by 13 percent to P18.4 billion and total operating income rising by 14 percent to P46.3 billion.

Bloomberry Resorts Corp., led by Razon, has refinanced a P72-billion loan to improve financial stability and preserve cash.

Globe Telecom has secured PHP22 billion in loans from China Bank, Landbank, and Metrobank to fund its capital expenditures (capex), debt refinancing, and general corporate requirements.