China Bank Savings (CBS), the thrift banking arm of China Banking Corp. (CBC), posted a 19 percent growth in net income to P1.2 billion for the first half of 2025, reinforcing its track record of annual record profits since 2021.
Total assets climbed to P205.5 billion, an 8.7 percent or P16.4 billion increase from December 2024 levels, fueled primarily by robust loan growth. Total loans expanded by 8.6 percent to P147.1 billion, supported by continued strength in auto, housing, SME, and APD lending segments. Deposits likewise grew 8.8 percent to P181.4 billion.
CBS also reported improved asset quality, with its non-performing loan (NPL) ratio dropping to 2.8 percent—well below the thrift banking industry’s average of 6.6 percent in Q1 2025.
To further support CBS’s growth trajectory, parent bank CBC infused an additional P1 billion in July 2025 as part of a previously approved P2 billion capital injection, underscoring its strong backing for the savings bank.
“We continue to perform well despite economic headwinds… and we are committed to growing CBS into the leading savings bank preferred by all markets we serve,” said CBS president James Christian T. Dee.
CBS is the second largest thrift bank in the Philippines by assets, per Bangko Sentral ng Pilipinas data. It plans to expand its branch network following BSP approval for new locations in Cagayan de Oro and Ormoc City. As of July, CBS operates 277 service locations and 259 ATMs nationwide.
