The Philippine Stock Exchange Inc. and China Banking Corp. on Wednesday held a special bell ringing ceremony marking the first time that Chinabank traded under the stock symbol CBC from CHIB.
“I believe this is an auspicious time for Chinabank to do this rebranding exercise given its rosy prospects, after having posted a record net income of P22 billion last year. As of end-2023, Chinabank ranked fourth among private domestic banks in three categories: in terms of largest assets at P1.5 trillion; as largest lender with gross loans amounting to P791 billion; and largest deposits at P1.2 trillion,” PSE chairman Jose T. Pardo said in his welcome message during the bell ringing ceremony.
Chinabank has also been a member of the PSE MidCap index since February 2023 and a constituent of the PSE Dividend Yield index in February this year.
China Bank’s shares were last traded on Tuesday at P40.30 apiece.
