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China Bank net earnings climb to P15.1B – BusinessWorld Online

News Snapshot:

CHINA BANKING Corp. (China Bank) posted earnings of P15.1 billion in 2021 as its fee and net interest income increased. The bank’s 2021 income was higher than the P12.1 billion it booked in 2020, it said in a fi ling with the local bourse. In 2021, China Bank’s return on equity stood at 13.6%, while return on assets was at 1.5%. “As we increasingly automate and digitize to navigate the continuing challenges of this pandemic, we are focusing on actions and investments that will redound to superior banking experiences and improved fi nancial outcomes,” China Bank President William C. Whang…

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