The bank posted net income of P14.7 billion due to higher top line revenues.
China Banking Corp. posted a net income of P14.7 billion in the first nine months of the year, higher by 31-percent increase from P11.2 billion in 2021, backed by greater top line revenues and core fee income. China Bank announced that its nine-month net income translated to an improved return on equity of 15.6 percent and return on assets of 1.6 percent.
Its income due to fees increased by 6 percent to P8.3 billion, driven by the continued recovery in core revenue streams, including service charges, fees and commissions, income from the sale of acquired assets and bancassurance.
