Lending, deposits boost China Bank’s H1 income

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CHINA Banking Corp.(PSE: CBC) announced last Thursday that its income for the first half of the year rose 6 percent to a record P11.4 billion from last year’s P10.84 billion on the back of stronger core lending and deposit-taking operations.

Gross loans increased by 10 percent  to P817 billion on strong demand across market segments.

Cost-to-income ratio slightly improved to 49 percent.

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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets: PhilippinesChina

Topics: Industry Ratio Last Loan Total Interest Credit Increased Income Percent Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 16:07:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21888099

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 74 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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