Bank Profile China Bank

Topics: Banking, Bank, Philippines Pages: 3 (822 words) Published: June 1, 2013
Bank Profile

China Banking Corporation
China Banking Corporation (China Bank) is the first privately-owned local commercial bank in the Philippines. It was incorporated on July 20, 1920 and started its operations on August 16, 1920. It went public on December 1, 1965. China Bank resumes its operations after World War II on July 23, 1945, five months after the liberation of Manila. The bank played a key role in the post-war reconstruction and economic recovery by providing financial support to businesses and entrepreneurs. China Bank was the first bank in Southeast Asia to process both savings and current accounts online in 1969. China Bank upgraded its on-line system and launched TellerCard in 1988, the Bank's ATM banking service, making them the first Philippine bank to offer telephone banking. In 1991, China Bank acquired its universal bank license, making it possible to offer a more diverse selection of products and services. The financial products and services the bank offers include deposits and related services, international banking services, insurance products, loans and credit facilities, trust and investment services, cash management services, and other services such as acceptance of bill payments and donations to charitable institutions. Due to the outstanding performance of the bank, it received many awards and was recognized by local and international industries. In 2004, China Bank was recognized as Outstanding Commercial Bank by Consumers Union of the Philippines and Most Outstanding Commercial Bank by the Philippine Marketing Excellence Awards (National Awards). The same year, the Bank launched Cash Management Services for businesses and corporate clients. In 2005, China Bank is an Annual National Consumer Awardee for Outstanding Commercial Bank, given by Parangal ng Bayan. The Bank also received a National Consumer Quality Award and Global Excellence Award for the same distinction.In 2006, China Bank was awarded Best Website – Banking and...
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