Category: China Bank

China Bank holds national convention in Davao City

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Over 300 China Bank branch managers, area heads, and region heads nationwide are gathering at the 2015 Retail Banking Business (RBB) National Convention from February 26 to 27, 2015 in Davao City. With the theme, “Evolution: Customer-Centric Organization,” the convention aims to strengthen RBB’s teamwork to drive China Bank’s continued evolution to become the best bank for customers amid an increasingly complex and regulated banking environment. It is also a message to China Bankers that individually, they must also evolve to be a more responsive, engaged, and connected banking partner to customers; to continue upgrading their skills and knowledge to adapt more effectively to a changing industry.

“It’s the digital age. We live, work, learn, play, socialize, shop, and bank in a digital world. There are no barriers, everything is connected. Information is available at the speed of a text, a blog, a post, a tweet. In this age of ubiquitous computing, China Bank’s most valuable asset is not technology but us. We set goals, carry out tasks, make decisions, and make technology work to our advantage. Empowered with technology, we can increase productivity and efficiency, expand market share, eliminate time and location boundaries, make China Bank stronger and more profitable, become a truly customer-centric organization, and provide the best service to our customers,” said RBB Deputy Head Rosemarie Gan of the theme.

RBB-National Marketing Unit Head Manuel Te said the annual convention is both a respite for the hard working branch managers and an opportunity for them to gain insights into the most pressing issues related to the changing market dynamics affecting the Bank and the industry.

“The convention is a forum for us to take stock of past achievements and to rally the team to achieve our targets for 2015. We have a balanced program, engaging speakers, and delightful entertainment to ensure our delegates enjoy and learn from this convention,” said Te.

The 2015 RBB National Convention kicks off Thursday afternoon, February 26, with the plenary session, followed by engagement activities at the SMX Convention Center Davao. The first day ends with the MCBL session and a short discussion of the next day’s activity. On Friday, February 27, the delegates will enjoy a teambuilding activity in the morning at Paradise Island Park & Beach Resort and hours of free time to swim, shop, or explore, until the main event in the evening—the Major Awards. Most of the delegates will leave Davao City the following day, February 28.

The 2015 RBB National Convention kicks off Thursday afternoon, February 26, with the plenary session, followed by engagement activities at the SMX Convention Center Davao. On Friday, February 27, the delegates will enjoy a teambuilding activity in the morning at Paradise Island Park & Beach Resort and hours of free time to swim, shop, or explore, until the main event in the evening—the Major Awards. Most of the delegates will leave Davao City the following day, February 28.

Founded in 1920, China Bank is the country’s first privately-owned local commercial bank. It serves the banking needs of the corporate, commercial, and retail markets. The China Bank Group has 475 branches to date: 314 for China Bank, 83 for China Bank Savings, and 78 for Plantersbank. This vast branch network is complemented by electronic banking channels—ATM, online, mobile, and phone banking—that provide 24/7 service.

 

China Bank named as “Asia’s Outstanding Company on Corporate Governance”

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China Bank was recently named Asia’s Outstanding Company on Corporate Governance by Corporate Governance Asia, the most authoritative quarterly magazine on corporate governance in Asia. This is the first time that China Bank has won the award, which stood out as the only bank among the 23 awardees in this category, five of which, including China Bank, are based in the Philippines.

China Bank Chairman Hans Sy was also recognized by Corporate Governance Asia as one of the ten Asian Corporate Directors of the Year for the Philippines, along with BDO Chairperson Teresita Sy-Coson. Meanwhile, SM Group companies BDO, SM Investments Corp., and SM Prime Holdings Corp. were among the 51 Asian companies recognized as Asia’s Icons on Corporate Governance.

China Bank, BDO, and the rest of the awardees were honored at the 10th Corporate Governance Asia Recognition Awards ceremony held on October 24, 2014 at the Renaissance Harbour View Hotel in Hong Kong.

“We are grateful to Corporate Governance Asia for recognizing our commitment to good corporate governance. We have been adopting the best corporate governance practices to enhance our customer and shareholder value, and this award affirms that we are on the right track,” said China Bank President & CEO Ricardo Chua.

The annual Corporate Governance Asia Recognition Awards recognize public companies in the region that perform consistent excellence in corporate governance. The awardees for Asia’s Outstanding Company and Asia’s Icon are determined based on the company’s track record for corporate governance, corporate governance-related reforms, disclosure, and transparency, among others. The Asian Corporate Director of the Year is an industry leadership award given to men and women who have spent considerable time and effort to promote high standards of business ethics, while meeting the expectations of their shareholders in growing their business.

China Bank was also recently conferred a Bell Award by the Philippine Stock Exchange in recognition of the Bank’s exemplary corporate governance practices. China Bank was likewise the only bank among the five awardees in the listed companies category, which included Aboitiz Power Corporation and Ayala Group companies Cebu Holdings Inc., Manila Water Company Inc., and Ayala Land, Inc. China Bank and Manila Water are the only two awardees to have won three times since the first PSE Bell Awards in 2012.

Founded in 1920, China Bank is the country’s first privately-owned local commercial bank and now the fifth largest private commercial bank with over P456 billion in assets. It serves the banking needs of the corporate, commercial, and retail markets. The China Bank Group has 462 branches to date: 306 for China Bank, 78 for China Bank Savings, and 78 for Plantersbank. This vast branch network is complemented by electronic banking channels—ATM, online, mobile, and phone banking—that provide 24/7 service.