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China Bank

China Bank was founded in 1920 in Manila by prominent businessmen to serve Chinese merchants. It steadily grew until being liquidated by Japanese authorities during World War 2, but reopened in 1945 to aid postwar reconstruction. Over the decades, China Bank expanded its branch network and digital services while becoming a respected universal bank known for trust, stability, and profitability. Today it offers various banking products and services to both institutional and individual customers through its subsidiaries.

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102 views

China Bank

China Bank was founded in 1920 in Manila by prominent businessmen to serve Chinese merchants. It steadily grew until being liquidated by Japanese authorities during World War 2, but reopened in 1945 to aid postwar reconstruction. Over the decades, China Bank expanded its branch network and digital services while becoming a respected universal bank known for trust, stability, and profitability. Today it offers various banking products and services to both institutional and individual customers through its subsidiaries.

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BRIEF HISTORY

China Bank was founded by Dee C. Chuan, a leading business leader and philanthropist, Don Albino
Sycip, known as the Dean of Philippine Banking, and ten other prominent businessmen of the era. 
The Bank opened for business on August 16, 1920 on Calle Rosario—what is now No. 90 Quintin
Paredes St., Binondo. With a modern Chinese organization structure, and guided with an in-depth
understanding of the way Chinese merchants do business—like operating on the principle of xinyong
or trustworthiness—China Bank steadily grew and flourished.  However, when Japan invaded Manila
in 1942, the Bank was liquidated by the Japanese Military authorities. We reopened on July 23, 1945
and played a key role in post-World War II reconstruction and economic recovery by lending heavily
to businesses and entrepreneurs in critical industries.

Since then, a succession of highly capable leaders and visionaries steered the Bank into decades of
successful operations. China Bank was among the first local banks listed on the Manila Stock Exchange
in 1927, the first in Southeast Asia to process deposit accounts on-line in 1969, and the first to offer
telephone banking in the Philippines in 1991—the same year China Bank became a universal bank.
Driven to be a catalyst of wealth creation, China Bank has been growing and improving to serve
customers better.  We embarked on an aggressive branch network expansion program in 2006,
quadrupling the number of branches from 148 in 2006 to 621 as of May 2019 (including 162 China
Bank Savings branches).  This wide branch network is complemented by electronic banking channels
that provide secure and reliable 24/7 banking service: 972 ATMs, China Bank TellerPhone, China Bank
Online, and China Bank Mobile Banking App.

With nearly a century of solid financials, strong commitment to quality service, significant
contribution to the country’s financial landscape, and an enduring legacy of successful partnerships
with generations of clients, China Bank remains one of the most respected, trusted, stable, and
profitable financial institutions in the country. 

CORE SERVICES
It offers various banking services and products related to deposit, investment, trust, cash
management, remittance, and financing products and services. It also offers insurance brokerage and
bancassurance services through its subsidiary and affiliates

China Banking Corporation (China Bank) is one of the leading private universal banks in the
Philippines. We offer a full range of banking products and services to institutional (corporate, middle
market/commercial, SMEs) and individual (retail, mass affluent, high net worth) customers, as well as
thrift banking, investment banking, insurance brokerage, and bancassurance through our subsidiaries
China Bank Savings, China Bank Capital, China Bank Securities, Chinabank Insurance Brokers, and
Manulife China Bank Life Assurance.  

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