March 26, 2013

China Bank Reports 2012 Net Income

China Bank eneded the year with a net income of P5.03 billion corresponding to an ROE of 12.39% and ROA of 1.72.%.

Loans have grown by 29% to P198 billion. Total assets increased by 23.43% to P323.65 billion while low-cost CASA deposits improved by 11.42% to P90.56 billion.

Capital funds rose to P42.29 billion which translates to a Tier 1 capital adequency ratio of 15.15% (Total CAR of 16.00%).

Total non-interest income grew by 41% led by the 98.5% surge in trading gains.