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Last $45.25 PHP
Change Today -0.15 / -0.33%
Volume 58.8K
As of 3:20 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

china banking corp (CHIB) Snapshot

Open
$45.40
Previous Close
$45.40
Day High
$45.40
Day Low
$45.20
52 Week High
07/4/14 - $52.31
52 Week Low
06/26/15 - $45.00
Market Cap
77.7B
Average Volume 10 Days
37.1K
EPS TTM
$3.10
Shares Outstanding
1.7B
EX-Date
--
P/E TM
14.6x
Dividend
$1.00
Dividend Yield
2.05%
Current Stock Chart for CHINA BANKING CORP (CHIB)

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china banking corp (CHIB) Details

China Banking Corporation, a commercial bank, provides financial products and services to corporate, commercial, middle, and retail market customers primarily in the Philippines. It offers deposits and related services, including checking, savings, and time deposits; foreign currency deposits; manager’s/gifts; check/demand drafts; safety deposit boxes; SSS pension accounts; payroll servicing facilities; direct deposit facilities for the U.S. pensioners; night depository services; armored car deposit pick-up services; and domestic collections/out-of-town checks. The company also provides loans and credit facilities, such as corporate loans and commercial loans; loan syndication; factoring receivables; special lending programs, such as Bangko Sentral ng Pilipinas rediscounting, industrial guarantee loan fund, environmental development program, sustainable logistics development, industrial and large projects, and guarantee programs; and consumer loans, such as HomePlus real estate loans, contract to sell financing, and AutoPlus vehicle loans. In addition, it offers international banking products and services, including import and export financing, foreign and domestic commercial letters of credit, standby letters of credit, irrevocable reimbursement undertaking, collection of clean and documentary bills, bank guaranty (shipside bond), purchase and sale of foreign exchange, travel funds, servicing of foreign loans and investments, trade inquiry, trust receipt facility, and correspondent banking services. Further, the company provides investment banking, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, Internet banking and mobile banking services, and inward remittances; and insurance products. As of December 31, 2014, it operated a network of 470 branches network and 661 ATMs. China Banking Corporation was founded in 1920 and is headquartered in Makati City, the Philippines.

7,245 Employees
Last Reported Date: 03/17/15
Founded in 1920

china banking corp (CHIB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

china banking corp (CHIB) Key Developments

Twelve Banks And Other Financial Institutions Submit Letters Of Intent For Stake In UCPB

Twelve banks and other financial institutions have expressed interest in acquiring government’s majority stake in United Coconut Planters Bank (UCPB). On June 17, 2105, Chief Privatization Officer Toni Angeli V. Coo said that the Privatization and Management Office (PMO) had received 12 letters of intent “from a mix of local and foreign entities, banks and private equity firms” as of June 17, 2016 deadline for submission of letters. He added that “some are listed companies, so they may need to complete their own internal processes in order to finalize their own disclosures, and their decision whether to bid.” Industry sources stated that, among the banks that submitted letters of intent were BDO Unibank, Inc. (PSE:BDO), Bank of the Philippine Islands, Philippine National Bank (PSE:PNB), Rizal Commercial Banking Corporation (PSE:RCB) and Robinsons Bank Corporation., as well as at least four foreign entities from Japan, Malaysia and Taiwan. According to previous reports, China Banking Corporation (PSE:CHIB), EastWest Banking Corporation (PSE:EW), Security Bank Corp. (OTCPK:SBK.Q) and UnionBank of the Philippines (PSE:UBP) had also expressed interest in participate in the bidding. The stake sale is expected to be concluded by September 2015. The transaction would require the winning bidder to recapitalize the bank in the amount of at least PHP 15 billion through subscription to up to 37.2 billion primary common shares of UCPB.

China Banking Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

China Banking Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported interest income of PHP 4,720,173,000 against PHP 3,904,853,000 a year ago. Net interest income was PHP 3,708,894,000 against PHP 3,013,464,000 a year ago. Income before income tax was PHP 1,470,593,000 against PHP 1,448,002,000 a year ago. Net income attributable to equity holders of the parent was PHP 1,207,754,000 or PHP 0.70 per basic and diluted share against PHP 1,162,664,000 or PHP 0.68 per basic and diluted share a year ago. Net cash provided by operating activities was PHP 11,162,227,000 against net cash used in operating activities of PHP 7,308,894,000 a year ago. Net additions to bank premises, furniture, fixtures and equipment were PHP 253,161,000 against PHP 1,591,206,000 a year ago. Return on average equity was 8.39% and 10.30% a year ago. Return on average assets was 1.03% and 1.14% a year ago.

China Banking Corporation Promotes Delia Marquez to First Vice President I, Effective 16 May 2015

China Banking Corporation announced that the Executive Committee of the bank approved the promotion of Ms. Delia Marquez, Head of Controllership Group, from Vice President II to First Vice President I, effective 16 May 2015.

 

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CHIB:PM $45.25 PHP -0.15

CHIB Competitors

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Company Last Change
East West Banking Corp $19.40 PHP 0.00
Philippine National Bank $66.35 PHP -0.65
Rizal Commercial Banking Corp $38.50 PHP -0.60
Security Bank Corp $163.00 PHP -2.00
Union Bank of the Philippines $60.00 PHP -0.80
View Industry Companies
 

Industry Analysis

CHIB

Industry Average

Valuation CHIB Industry Range
Price/Earnings 14.5x
Price/Sales 4.1x
Price/Book 1.3x
Price/Cash Flow 14.9x
TEV/Sales 1.9x
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