Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
Chinabank
China Banking Corporation, doing business as Chinabank, is a Filipino local commercial bank established in 1920.
China Banking Corporation was the first privately owned local commercial bank in the Philippines, initially catering to the banking needs of Chinese Filipino businesspeople. 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, stock brokerage, capital markets, and bancassurance services through its subsidiaries and affiliate.
Chinabank is the fourth largest private universal bank in the Philippines. It was named by The Asset as the Best Bank in the Philippines in 2021 and by the People Management Association of the Philippines as the 2023 Employer of the Year.
Chinabank is also one of the best-governed publicly listed companies. It was recognized by the ASEAN Capital Markets Forum (ACMF) as among the Top 20 ASEAN Publicly Listed Companies, as an ASEAN Asset Class, and as one of the Top 3 Publicly Listed Companies in the Philippines, and by the Institute of Corporate Directors, as a Five-Golden Arrow awardee for the bank's corporate governance excellence.
Chinabank, founded by Dee C. Chuan, Albino SyCip, Guillermo A. CuUnjieng, Sr., Carlos T. Palanca, Sr. and other visionaries, opened its first office at Rosario (now Quintin Paredes) Street, Binondo on August 16, 1920, with J.W. McFerran as the first general manager. Shortly afterward, Eugene E. Wing of the International Banking Corporation took over and managed China Bank's operations until 1936. This mixture of cultures represented a seamless merger of Western and Eastern banking policies—an obvious lack during those days when financial institutions governed by Western policies declined credit loans of wealthy Filipino-Chinese businesspeople who operated on the principle of xìnyong (Hokkien Chinese: 信用; Pe̍h-ōe-jī: sìn-iōng) or trustworthiness. Chinabank recognized the value of xìnyong and granted small loans and opened credit accounts with patrons and suppliers without demand for collateral. In 1924, the company completed its headquarters in Binondo. In September 1927, only a month after the country opened its first stock exchange, Chinabank made history as one of the first companies to publicly list on the Manila Stock Exchange.
Chinabank later opened two overseas branches in China, one in Amoy in 1925 and another in Shanghai in 1929. However, both branches closed in 1944 when political conditions in China became inimical to operations.
When the Japanese occupational forces invaded Manila in 1942, Chinabank closed. However, by the end of 1941, the Bank had been making steady deposits and turning over assets to the United States High Commissioner to the Philippines Francis Bowes Sayre Sr. for safekeeping, with the help of the officials of the US Treasury Department of Manila. With these overseas assets and the Bureau of Banking's full cooperation, Chinabank reopened in 1945.
Chinabank played a key role in post-World War II reconstruction and recovery through its support to businesses and entrepreneurs in critical industries. It opened its first branch outside Manila in Cebu in 1949. In 1969, China Bank computerized its operations, becoming the first bank in Southeast Asia to process deposit accounts online. On the same year, its new headquarters, the 15-storey China Bank Building in Makati, was completed. China Bank upgraded its online system in 1988 and launched the TellerCard ATM account and TellerPhone, the first telephone banking service in the Philippines. In 1990, China Bank, along with seven other banks, set up BancNet, currently the country's largest ATM network.
Hub AI
Chinabank AI simulator
(@Chinabank_simulator)
Chinabank
China Banking Corporation, doing business as Chinabank, is a Filipino local commercial bank established in 1920.
China Banking Corporation was the first privately owned local commercial bank in the Philippines, initially catering to the banking needs of Chinese Filipino businesspeople. 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, stock brokerage, capital markets, and bancassurance services through its subsidiaries and affiliate.
Chinabank is the fourth largest private universal bank in the Philippines. It was named by The Asset as the Best Bank in the Philippines in 2021 and by the People Management Association of the Philippines as the 2023 Employer of the Year.
Chinabank is also one of the best-governed publicly listed companies. It was recognized by the ASEAN Capital Markets Forum (ACMF) as among the Top 20 ASEAN Publicly Listed Companies, as an ASEAN Asset Class, and as one of the Top 3 Publicly Listed Companies in the Philippines, and by the Institute of Corporate Directors, as a Five-Golden Arrow awardee for the bank's corporate governance excellence.
Chinabank, founded by Dee C. Chuan, Albino SyCip, Guillermo A. CuUnjieng, Sr., Carlos T. Palanca, Sr. and other visionaries, opened its first office at Rosario (now Quintin Paredes) Street, Binondo on August 16, 1920, with J.W. McFerran as the first general manager. Shortly afterward, Eugene E. Wing of the International Banking Corporation took over and managed China Bank's operations until 1936. This mixture of cultures represented a seamless merger of Western and Eastern banking policies—an obvious lack during those days when financial institutions governed by Western policies declined credit loans of wealthy Filipino-Chinese businesspeople who operated on the principle of xìnyong (Hokkien Chinese: 信用; Pe̍h-ōe-jī: sìn-iōng) or trustworthiness. Chinabank recognized the value of xìnyong and granted small loans and opened credit accounts with patrons and suppliers without demand for collateral. In 1924, the company completed its headquarters in Binondo. In September 1927, only a month after the country opened its first stock exchange, Chinabank made history as one of the first companies to publicly list on the Manila Stock Exchange.
Chinabank later opened two overseas branches in China, one in Amoy in 1925 and another in Shanghai in 1929. However, both branches closed in 1944 when political conditions in China became inimical to operations.
When the Japanese occupational forces invaded Manila in 1942, Chinabank closed. However, by the end of 1941, the Bank had been making steady deposits and turning over assets to the United States High Commissioner to the Philippines Francis Bowes Sayre Sr. for safekeeping, with the help of the officials of the US Treasury Department of Manila. With these overseas assets and the Bureau of Banking's full cooperation, Chinabank reopened in 1945.
Chinabank played a key role in post-World War II reconstruction and recovery through its support to businesses and entrepreneurs in critical industries. It opened its first branch outside Manila in Cebu in 1949. In 1969, China Bank computerized its operations, becoming the first bank in Southeast Asia to process deposit accounts online. On the same year, its new headquarters, the 15-storey China Bank Building in Makati, was completed. China Bank upgraded its online system in 1988 and launched the TellerCard ATM account and TellerPhone, the first telephone banking service in the Philippines. In 1990, China Bank, along with seven other banks, set up BancNet, currently the country's largest ATM network.