China Bank Net Profit up 20% to ₱12.1 Billion in 2020

China Bank reported to the Philippine Stock Exchange a 20% increase in net profit to ₱12.1 billion for the year 2020 while reaching ₱1 trillion in assets.

William Whang, China Bank president, said “Going into the crisis, China Bank was operationally and financially sound, but what enabled us to remain resilient and to sustain our growth momentum was our employees who went above and beyond in 2020,”

“Our relentless efforts to build and maintain robust liquidity and capital levels have positioned the bank well to weather the ongoing storm, and at the same time, to help our customers and the country recover.,” Wang added.

Source: Inquirer