China Banking Corp. (Chinabank) reported a record first-half net income of P14.5 billion, marking an 11% increase from the same period last year.
The Manila-based lender attributed the performance to robust loan growth and an expanded balance sheet, which successfully offset rising operational costs.
The results underscore the continued strength of Chinabank’s core lending franchise.
By scaling its asset base, the bank was able to drive top-line revenue even as expense pressures mounted.
This trajectory suggests that domestic credit demand remains a key pillar for Philippine financial institutions navigating a complex economic environment.
The performance stands in contrast to the broader macroeconomic backdrop, which has presented challenges for regional lenders.