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China Bank

China Bank's net profit rose 24.6% yoy to PHP 2,483 mil in 3Q2019

By Helgi Library - February 20, 2020

China Bank made a net profit of PHP 2,483 mil under revenues of PHP 8,740 mil in the third quarter of 2019, up 24.6% and 15.4...

China Bank's customer deposits rose 20.6% yoy to PHP 472,774 mil in 3Q2016

By Helgi Library - February 20, 2020

China Bank's customer deposits reached PHP 472,774 mil in 2016-09-30, up 2.19% compared to the previous year. Filipino banking ...

China Bank's net interest income rose 14.7% yoy to PHP 6,910 mil in 3Q2019

By Helgi Library - February 20, 2020

China Bank generated total banking revenues of PHP 8,740 mil in the third quarter of 2019, up 15.4% when compared to the same per...

Profit Statement 2016 2017 2018
Net Interest Income PHP mil 16,694 19,626 22,926
Net Fee Income PHP mil 2,454 2,818 ...
Other Income PHP mil 2,558 3,053 ...
Total Revenues PHP mil 21,706 25,498 28,231
Staff Cost PHP mil 4,983 5,709 6,139
Operating Profit PHP mil 8,472 9,712 10,373
Provisions PHP mil 851 754 141
Net Profit PHP mil 6,420 7,527 8,072
Balance Sheet 2016 2017 2018
Interbank Loans PHP mil 14,784 34,393 21,454
Customer Loans PHP mil 386,827 448,971 505,805
Total Assets PHP mil 642,614 751,448 866,072
Shareholders' Equity PHP mil 62,547 83,656 87,857
Interbank Borrowing PHP mil 16,955 20,118 39,827
Customer Deposits PHP mil 541,585 635,096 722,123
Issued Debt Securities PHP mil 16,955 0 0
Ratios 2016 2017 2018
ROE % 10.5 10.3 9.41
ROA % 1.10 1.08 0.998
Costs (As % Of Assets) % 2.26 2.26 2.21
Costs (As % Of Income) % 61.0 61.9 63.3
Capital Adequacy Ratio % 12.2 14.2 13.1
Net Interest Margin % 2.86 2.82 2.83
Loans (As % Of Deposits) % 71.4 70.7 70.0
NPLs (As % Of Loans) % 1.86 1.41 1.16
Provisions (As % Of NPLs) % 91.0 104 119
Valuation 2016 2017 2018
Price/Earnings (P/E) 11.9 11.4 9.02
Price/Book Value (P/BV) 1.22 1.03 0.828
Dividend Yield % 2.63 2.40 3.06
Earnings Per Share (EPS) PHP 2.83 2.92 3.01
Book Value Per Share PHP 27.6 32.4 32.7
Dividend Per Share PHP 0.882 0.800 0.830

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summary Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                          
Net Interest Income PHP mil                                             8,062 9,936 14,089 15,085 16,694    
Total Revenues PHP mil                                             13,856 15,097 18,849 19,610 21,706    
Operating Profit PHP mil                                             5,662 6,189 7,122 7,417 8,472    
Net Profit PHP mil                                             5,018 5,103 5,118 5,607 6,420    
balance sheet                                                          
Interbank Loans PHP mil                                             4,973 23,886 17,776 21,244 14,784    
Customer Loans PHP mil                                             190,100 220,541 290,419 309,762 386,827    
Debt Securities PHP mil                                             58,919 60,810 56,036 70,364 104,332    
Total Assets PHP mil                                             324,160 413,698 471,221 526,827 642,614    
Shareholders' Equity PHP mil                                             42,738 45,400 56,568 59,171 62,547    
Interbank Borrowing PHP mil                             ... ...   ...   ... ... ... ... ... ... ... 16,955    
Customer Deposits PHP mil                                             271,977 354,268 399,302 439,266 541,585    
Issued Debt Securities PHP mil                                 ...           3,527 8,299 7,509 19,085 16,955    
ratios                                                          
ROE % ...                                           12.2 11.6 10.0 9.69 10.5    
ROA % ...                                           1.71 1.38 1.16 1.12 1.10    
Costs (As % Of Assets) % ...                                           2.79 2.41 2.65 2.44 2.26    
Costs (As % Of Income) %                                             59.1 59.0 62.2 62.2 61.0    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ...             ... ...             16.0 15.4 14.9 13.5 12.2    
Net Interest Margin % ...                                           2.75 2.69 3.18 3.02 2.86    
Interest Income (As % Of Revenues) %                                             58.2 65.8 74.7 76.9 76.9    
Fee Income (As % Of Revenues) %                                             11.6 10.4 9.62 10.8 11.3   ...
Staff Cost (As % Of Total Cost) %                                             34.8 34.9 35.6 38.3 37.7    
Equity (As % Of Assets) %                                             13.2 11.0 12.0 11.2 9.73    
Loans (As % Of Deposits) %                                             69.9 62.3 72.7 70.5 71.4    
Loans (As % Assets) %                                             58.6 53.3 61.6 58.8 60.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...       ... ...   ...   ... ... ... 8.33 6.42 ... 31.0 1.86    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...       ... ...   ...   ... ... ... ... ... ... ... 91.0    
valuation                                                          
Market Capitalisation (End Of Period) USD mil                                             1,726 1,898 1,803 1,472 1,534    
Number Of Shares (Average) mil                   ... ... ... ... ...     ...           2,288 2,080 2,452 2,270 2,270    
Share Price (End Of Period) PHP                                             34.1 40.5 35.5 30.4 33.5    
Earnings Per Share (EPS) PHP                   ... ... ... ... ...     ...           2.19 2.45 2.09 2.47 2.83    
Book Value Per Share PHP                   ... ... ... ... ...     ...           18.7 21.8 23.1 26.1 27.6    
Dividend Per Share PHP                                             0.749 0.824 0.756 0.817 0.882    
Price/Earnings (P/E)                   ... ... ... ... ...     ...           15.6 16.5 17.0 12.3 11.9    
Price/Book Value (P/BV)                   ... ... ... ... ...     ...           1.82 1.86 1.54 1.17 1.22    
Dividend Yield %                                             2.20 2.03 2.13 2.69 2.63    
Earnings Per Share Growth % ...                 ... ... ... ... ... ...   ... ...         -9.07 11.9 -14.8 18.2 14.7    
Book Value Per Share Growth % ...                                           -1.11 16.9 5.71 13.0 5.71    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                                          
Interest Income PHP mil                                             13,151 14,081 18,397 19,317 21,892    
Interest Cost PHP mil                                             5,089 4,145 4,308 4,232 5,197    
Net Interest Income PHP mil                                             8,062 9,936 14,089 15,085 16,694    
Net Fee Income PHP mil                                             1,602 1,577 1,813 2,111 2,454   ...
Other Income PHP mil                                             4,191 3,583 2,947 2,414 2,558   ...
Total Revenues PHP mil                                             13,856 15,097 18,849 19,610 21,706    
Staff Cost PHP mil                                             2,851 3,113 4,171 4,674 4,983    
Depreciation PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 842    
Other Cost PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 7,408    
Operating Cost PHP mil                                             8,194 8,907 11,727 12,193 13,234    
Operating Profit PHP mil                                             5,662 6,189 7,122 7,417 8,472    
Provisions PHP mil                                             237 414 441 967 851    
Extra and Other Cost PHP mil                                             0 0 0.912 37.9 89.4    
Pre-Tax Profit PHP mil                                             5,425 5,775 6,680 6,413 7,532    
Tax PHP mil                                             422 675 1,565 810 1,110    
Minorities PHP mil                                             -15.2 -2.81 -2.85 -4.09 2.67    
Net Profit PHP mil                                             5,018 5,103 5,118 5,607 6,420    
Dividends PHP mil                                       ... ... ... 1,557 1,713 1,716 1,854 1,854    
growth rates                                                          
Net Interest Income Growth % ...                                           -5.72 23.2 41.8 7.07 10.7    
Net Fee Income Growth % ...                                           6.64 -1.57 15.0 16.4 16.3   ...
Total Revenue Growth % ...                                           8.73 8.95 24.9 4.04 10.7    
Operating Cost Growth % ...                                           16.5 8.71 31.7 3.97 8.53    
Operating Profit Growth % ...                                           -0.864 9.31 15.1 4.15 14.2    
Pre-Tax Profit Growth % ...                                           -2.36 6.45 15.7 -4.00 17.5    
Net Profit Growth % ...                                           0.177 1.70 0.286 9.55 14.5    
market share                                                          
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...                       4.05 3.81 4.60 4.62 4.46   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...                       4.95 4.26 4.39 4.88 5.07   ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...         3.25 ... ... ... ... ... ...
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                                          
Cash PHP mil                                             46,820 86,250 78,186 97,696 103,975    
Interbank Loans PHP mil                                             4,973 23,886 17,776 21,244 14,784    
Customer Loans PHP mil                                             190,100 220,541 290,419 309,762 386,827    
Retail Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...   ... ... ... ... ... ... ... 60,160    
Corporate Loans PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 60,332 70,479 ... ... 319,733    
Debt Securities PHP mil                                             58,919 60,810 56,036 70,364 104,332    
Fixed Assets PHP mil                                             4,755 5,280 6,251 6,354 6,496    
Intangible Assets PHP mil ... ... ... ... ... ... ...               ... ...   ...         1,060 1,060 4,517 4,812 4,929    
Goodwill PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       223 223 840 840 840    
Total Assets PHP mil                                             324,160 413,698 471,221 526,827 642,614    
Shareholders' Equity PHP mil                                             42,738 45,400 56,568 59,171 62,547    
Of Which Minority Interest PHP mil                             ...               8.39 4.86 2.05 -5.54 -5.21    
Liabilities PHP mil                                             281,422 368,298 414,653 467,656 580,066    
Interbank Borrowing PHP mil                             ... ...   ...   ... ... ... ... ... ... ... 16,955    
Customer Deposits PHP mil                                             271,977 354,268 399,302 439,266 541,585    
Sight Deposits PHP mil                                             60,613 76,736 97,704 113,511 135,263    
Term Deposits PHP mil                                             211,364 277,532 301,598 325,754 406,320    
Issued Debt Securities PHP mil                                 ...           3,527 8,299 7,509 19,085 16,955    
Subordinated Debt PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,189 0 ... ... ...
Other Liabilities PHP mil                             ... ... ... ...   ... ... ... ... ... ... ... 4,572    
asset quality                                                          
Non-Performing Loans PHP mil ... ... ... ... ... ... ... ... ... ... ...       ... ...   ...   ... ... ... 5,026 4,524 6,651 8,010 7,313    
Gross Loans PHP mil                             ...               60,332 70,479 ... 25,822 393,482    
Total Provisions PHP mil                             ...               ... ... ... ... 6,655    
growth rates                                                          
Customer Loan Growth % ...                             ...             30.9 16.0 31.7 6.66 24.9    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 16.8 ... ... ...    
Total Asset Growth % ...                                           23.6 27.6 13.9 11.8 22.0    
Shareholders' Equity Growth % ...                                           8.78 6.23 24.6 4.60 5.71    
Customer Deposit Growth % ...                                           25.8 30.3 12.7 10.0 23.3    
market share                                                          
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 5.53 5.40 5.69 5.35 5.72   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3.66 3.53 ... ... 9.44   ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ...                       4.78 4.82 4.81 4.90 5.27   ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ...                       5.86 5.85 5.87 5.87 6.17   ...
ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                                          
ROE % ...                                           12.2 11.6 10.0 9.69 10.5    
ROA % ...                                           1.71 1.38 1.16 1.12 1.10    
Costs (As % Of Assets) % ...                                           2.79 2.41 2.65 2.44 2.26    
Costs (As % Of Income) %                                             59.1 59.0 62.2 62.2 61.0    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ...             ... ...             16.0 15.4 14.9 13.5 12.2    
Tier 1 Ratio % ... ... ... ... ... ... ... ...           ... ... ... ... ...         15.2 14.5 14.0 12.6 11.3    
Net Interest Margin % ...                                           2.75 2.69 3.18 3.02 2.86    
Interest Spread % ...                                           2.47 2.54 3.06 2.91 2.75    
Asset Yield % ...                                           4.49 3.82 4.16 3.87 3.74    
Cost Of Liabilities % ...                                           2.02 1.28 1.10 0.959 0.992    
Payout Ratio %                                       ... ... ... 31.0 33.6 33.5 33.1 28.9    
Interest Income (As % Of Revenues) %                                             58.2 65.8 74.7 76.9 76.9    
Fee Income (As % Of Revenues) %                                             11.6 10.4 9.62 10.8 11.3   ...
Other Income (As % Of Revenues) %                                             30.2 23.7 15.6 12.3 11.8   ...
Cost Per Employee USD per month ... ... ... ...             ...       ... ...             1,006 866 1,077 1,125 1,054 ... ...
Cost Per Employee (Local Currency) PHP per month ... ... ... ...             ...       ... ...             42,465 36,750 47,971 51,663 51,113 ... ...
Staff Cost (As % Of Total Cost) %                                             34.8 34.9 35.6 38.3 37.7    
Equity (As % Of Assets) %                                             13.2 11.0 12.0 11.2 9.73    
Loans (As % Of Deposits) %                                             69.9 62.3 72.7 70.5 71.4    
Loans (As % Assets) %                                             58.6 53.3 61.6 58.8 60.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...       ... ...   ...   ... ... ... 8.33 6.42 ... 31.0 1.86    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...       ... ...   ...   ... ... ... ... ... ... ... 91.0    
Provisions (As % Of Loans) %                             ...               ... ... ... ... 1.72    
Cost of Provisions (As % Of Loans) % ...                                           0.141 0.202 0.173 0.322 0.244    
other data Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                                          
Branches ... ... ... ... ... ... ... ... ... ...         ... ...   ...         283 367 470 517 541    
Employees ... ... ... ...             ...       ... ...             5,594 7,058 7,245 7,540 8,124 ... ...
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 805 ... ...
Sight (As % Of Customer Deposits) %                                             22.3 21.7 24.5 25.8 25.0    
Risk-Weighted Assets PHP mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         232,553 268,851 343,188 376,825 449,683    
Return on Loans %                                             2.99 2.49 2.00 1.87 1.84    
Operating Profit (As % of Loans) % ...                                           3.38 3.01 2.79 2.47 2.43    
Costs (As % Of Loans) % ...                                           4.89 4.34 4.59 4.06 3.80    
Equity (As % Of Loans) %                             ...               22.5 20.6 19.5 19.1 16.2    

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China Bank's net interest margin fell 2.41% yoy to 2.97% in 3Q2019

By Helgi Library - February 21, 2020

China Bank's net interest margin amounted to 2.97% in the third quarter of 2019, up from 2.58% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 6.33% in 2Q2005 and an all time low of 2.56% i...

China Bank's price/earnings (P/E) fell 30.3% yoy to 6.79 in 3Q2019

By Helgi Library - February 20, 2020

China Bank stock traded at PHP 25.0 per share at the end third quarter of 2019 implying a market capitalization of USD 1,296 mil. Since the end of 3Q2014, the stock has depreciated by -34.9 % implying an annual average growth of -8.23 %. In absolute terms, the value o...

China Bank's market capitalisation (end of period) fell 9.74% yoy to USD 1,296 mil in 3Q2019

By Helgi Library - February 20, 2020

China Bank stock traded at PHP 25.0 per share at the end of third quarter of 2019 implying a market capitalization of USD 1,296 mil. Over the last five years, the stock has depreciated by 34.9 implying an annual average growth of -8.23% In absolute terms,...

China Bank's capital adequacy ratio fell 2.23% yoy to 12.7% in 3Q2019

By Helgi Library - February 20, 2020

China Bank's capital adequacy ratio reached 12.7% at the end of third quarter of 2019, down from 12.9% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 30.9% in 3Q2010 and an all time low of 12.2% in 4Q2016. ...

China Bank's equity (as % of assets) fell 7.16% yoy to 9.74% in 3Q2019

By Helgi Library - February 20, 2020

China Bank's Equity reached 9.74% of total assets in the 3Q2019, down from 10.5% for the previous year. As a share of net customer loans, the ratio amounted to 16.8% at the end of the third quarter of 2019. ...

China Bank's customer loan growth fell 36.2% yoy to 10.5% in 3Q2019

By Helgi Library - February 20, 2020

China Bank's customer loan growth reached 10.5% in 2019-09-30, down from 16.4% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 42.1% in 2014-06-30 and an all time low of -100% in 2004-12-31. In the last dec...

China Bank's npls (as % of loans) fell 17.5% yoy to 1.16% in 4Q2018

By Helgi Library - February 20, 2020

China Bank's non-performing loans reached 1.16% of total loans at the end of 2018-12-31, down from 1.41% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.97% in 2008-12-31 and an all time low of 1.16% in 2018-12-31. Provi...

China Bank's net profit rose 7.24% yoy to PHP 8,072 mil in 2018

By Helgi Library - February 20, 2020

China Bank made a net profit of PHP 8,072 mil under revenues of PHP 28,231 mil in 2018, up 7.24% and 10.7% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of PHP 8,072 mil in 2018 and an all time low of PHP 361...

China Bank's npls (as % of loans) fell 17.5% yoy to 1.16% in 2018

By Helgi Library - February 20, 2020

China Bank's non-performing loans reached 1.16% of total loans at the end of 2018, down from 1.41% compared to the previous year. Historically, the NPL ratio hit an all time high of 19.7% in 2003 and an all time low of 1.16% in 2018. Provision coverage amou...

China Bank's net interest margin rose 0.675% yoy to 2.83% in 2018

By Helgi Library - February 20, 2020

China Bank's net interest margin amounted to 2.83% in 2018, up from 2.82% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.39% in 1992 and an all time low of 2.69% in 2013. The average margin in t...

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