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June 24, 2024

China Bank to over 400 workers this year

China Banking Corp. led by bankero William Whang is hiring more than 400 workers this year as it continues to expand its operations nationwide.

This year, the workforce of the listed bank owned by the family of the late retail and banking magnate Henry Sy is expected to reach 10,180 or 4.4 percent higher than last year’s 9,747.

More than half or 5,558 of the total manpower are for operations followed by 2,342 for marketing; 1,789 for support; and 491 for technical services.

“The bank highly values its human resources. It expects each employee to do his share in achieving the bank‘s set goals. In return, the bank has in place policies and programs for the protection and growth of employees,” China Bank said.

The CBC Employees Association (CBCEA) members have an existing Collective Bargaining Agreement with the Bank for the period August 1, 2020 to July 31, 2022.

Due to the agreement, the bank’s compensation and fringe benefits increased 13.7 percent to P7.5 billion from the increase in human resource complement and payroll adjustments.

This translated to a 5.9 percent rise in operating expenses to P21.5 billion last year.

“We continued to make the health and wellbeing of our employees and customers the top priority,” China Bank added.

About 97 percent of the bank’s total employees have been fully vaccinated in 2021.

“Alongside the vaccination program, health and safety measures continue to be strictly implemented in all China Bank branches and offices nationwide,” the bank said.

Its distribution network comprised of 637 branches, 1,037 ATMs, and a suite of alternative banking channels, including phone, internet, and mobile banking.