China Banking Corp. led by bankero William Whang and its investment banking arm China Bank Capital emerged among the top winners at the recent 2022 PDS Awards of the Philippine Dealing System Holdings Corp. and Subsidiaries (PDS) Group.
“We in the China Bank Group are grateful and honored to be recognized for our commitment to serving retail and institutional investors and deepening the domestic capital markets,” the bankero said.
China Bank won the Cesar E.A. Virata Award (Bank Category), the highest distinction that the PDS Group bestows on a partner bank, for its excellence in trading, distribution, settlement, origination, underwriting, and market making activities in the past year.
The prestigious award is named in honor of former Prime Minister Cesar Virata, a key proponent of the establishment of the fixed-income trading platform in the country now operated by the Philippine Dealing & Exchange Corp.
China Bank Capital was named Top Corporate Issue Manager/Arranger (Investment House Category) for arranging the most number of listed corporate securities. China Bank Capital led 13 out of the 16 corporate retail bonds that were issued in the local market, of which two were sole mandates, and participated in a wide range of transactions spanning sovereign issuances, bank bonds, and US Dollar securities.
The Bank was likewise recognized for its outstanding performance in several categories in 2021: Top Brokering Participant for Retail Transactions, Top 2 Fixed Income Dealing Participant, Top 3 Corporate Securities Market Maker, and Top 3 Fixed Income Brokering Participant.
Held annually since 2006, the PDS Awards distinguish market players who exhibit stellar performance and continued pursuit in contributing to the growth and stability of the Philippine Financial Markets.
China Bank provides a full range of banking products and services to corporate, commercial, and retail customers through 637 branches and 1,039 ATMs to date (including the 160 branches and 167 ATMs of China Bank Savings).
It also offers a wide range of allied financial services through its subsidiaries China Bank Capital Corp., China Bank Securities Corp., Chinabank Insurance Brokers Inc., and affiliate Manulife China Bank Life Assurance Corp.