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A Hundred-Year Legacy of Financial Stability and Credibility
China Bank, one of the country's top 10 universal banks, boasts of a century of solid financials, strong commitment to quality service and an enduring legacy of successful partnerships spanning multiple generations. As part of the SM Group of companies, China Bank remains one of the most respected, trusted, and stable financial institutions in the country.100 Years of China Bank
100 Years of China Bank: 1920-2020
China Bank History
China Bank was founded by Dee C. Chuan, a leading business leader and philanthropist, Don Albino Sycip, known as the Dean of Philippine Banking, and ten other prominent businessmen of the era. The Bank opened for business on August 16, 1920 on Calle Rosario—what is now No. 90 Quintin Paredes St., Binondo. With a modern Chinese organization structure, and guided with an in-depth understanding of the way Chinese merchants do business—like operating on the principle of xinyong or trustworthiness—China Bank steadily grew and flourished. However, when Japan invaded Manila in 1942, the Bank was liquidated by the Japanese Military authorities. We reopened on July 23, 1945 and played a key role in post-World War II reconstruction and economic recovery by lending heavily to businesses and entrepreneurs in critical industries.
Since then, a succession of highly capable leaders and visionaries steered the Bank into decades of successful operations. China Bank was among the first local banks listed on the Manila Stock Exchange in 1927, the first in Southeast Asia to process deposit accounts on-line in 1969, and the first to
offer telephone banking in the Philippines in 1991—the same year China Bank became a universal bank.
Driven to be a catalyst of wealth creation, China Bank has been growing and improving to serve customers better. We embarked on an aggressive branch network expansion program in 2006, quadrupling the number of branches from 148 in 2006 to 621 as of May 2019 (including 162 China Bank Savings branches). This wide branch network is complemented by electronic banking channels that provide secure and reliable 24/7 banking service: 972 ATMs, China Bank TellerPhone, China Bank Online, and China Bank Mobile Banking App.
With nearly a century of solid financials, strong commitment to quality service, significant contribution to the country’s financial landscape, and an enduring legacy of successful partnerships with generations of clients, China Bank remains one of the most respected, trusted, stable, and profitable financial institutions in the country.