In accordance with RA No. 10173 (Data Privacy Act), I hereby consent to the collection, retention, processing, disclosure (as provided under applicable confidentiality and data privacy laws of the Philippines including all subsequent amendments or supplements there(to) of any personal, sensitive personal, and privileged information relating to me, whether provided by me or coming to the China Banking Corporation’s (hereafter referred to as “Company”) possession, and sharing of the said personal, sensitive personal and privileged information to the Company, its offices, branches, subsidiaries and affiliates, accredited third parties/vendors, credit reporting or credit reference agencies, credit protection provider, guarantee institutions, debt collection agencies, private regulatory organizations and other financial institutions, and other outsourced service providers engaged by the Company for the purposes reasonably required by the Company, for the Company’s conduct of everyday business, and/or only if required to do so by law or in good faith belief that such action is necessary to: (a) assess my suitability for employment with the Company or any of its subsidiaries; (b) submit reports to Senior Management on recruitment strategies and demographics; (c) submit reports to government agencies; (d) use as reference when conducting reference checks; (e) conduct background/credit investigation; (f) conform to the edicts of the law or comply with legal process served on the Company and its subsidiaries; (g) protect and defend the rights or property of the Company and its subsidiaries and (h) act under exigent circumstances to protect the personal safety of users of the Company and its subsidiaries or the public.
I shall notify the Company in writing, which must be acknowledged by the Company, if I do not consent to the aforementioned processing. I further acknowledge my right to information, access, correction, rectification, erasure of my personal, sensitive personal and privileged information, data portability, objection to processing and to file complaint under the Data Privacy Act. I agree that the Company may retain my personal information for as long as necessary for the fulfilment of the purpose for which it was collected and such other purposes that I may have consented from time to time, as required by pertinent laws and regulations, and provide information when required to do so in accordance with applicable laws, by court order, and jurisprudence.
If I provide the Company with any personal information relating to a third party (e.g. reference information, et.al.), I warrant to the Company that I have obtained the recorded consent of such third party to provide the Company with the third party’s personal information for the relevant purposes and can upon the Company’s consent request, submit the same for inspection.
I agree that the Company shall not be liable for any loss or damage arising from the Company’s disclosure of personal information for the above purposes.
China Bank is the Best Bank in the Philippines;China Bank Capital, the Best Bond Adviser
China Banking Corporation (China Bank) was named the Best Bank in the Philippines by Hong Kong-based financial publication,The Asset. China Bank bested the other banks in the country, including the largest ones. Meanwhile, China Bank Capital was named the Best Bond Adviser (Domestic), winning the distinction for the sixth consecutive year. China Bank and China Bank Capital will be awarded at The Asset Triple A Country Awards 2021 in March.
China Bank was lauded as the Best Bank for its strong financial performance and proven expertise in corporate & institutional banking, advisory & transaction banking, as well as its environmental, social, and governance initiatives. The Bank and all the other awardees in Southeast Asia were recognized by The Asset for their zeal and versatility in seeking ways to adapt to challenging conditions and enhancing their services to end-users while recording fee income growth despite the market volatility caused by the global pandemic.
The Bank was the country’s best performing bank in 2020 in terms of profitability, posting full year net income growth of 20%, while most banks’ earnings dropped. In the first nine months of 2021, as the economy started to open up, China Bank rallied and recorded 35% increase in net profits. It is the only bank in the country to record higher quarterly net income year-on-year since the start of the global pandemic. In addition, the Bank had one of the best cost efficiency ratios among banks with assets of over P1 trillion.
The Asset also affirmed China Bank Capital’s solid position as the top investment bank in the Philippine bond market. China Bank Capital remained the adviser of choice of bond issuers and was active across a wide range of fixed income deals, including all the National Government's Retail Treasury Bond and Premyo Bond issuances. It was also instrumental in introducing quality issuers to the debt capital markets and executing highly successful and socially impactful fixed income transactions.
Among China Bank Capital's landmark deals in 2021 was the P5 billion maiden bond offering of D&L Industries, Inc., a leading chemical manufacturer in the Philippines, which attracted very strong investor demand and achieved historic tight pricing for the issuer. That deal was managed and underwritten solely by China Bank Capital and was recognized as the Best New Bond by The Asset. Another issuance which China Bank Capital led was Phinma Corporation’s P3 billion bond offering, which also marked the company’s first issuance and Phinma Group’s return to the capital market after a prolonged period.
“These recognitions reflect our commitment to be the best banking partner for our customers, and inspire us to keep on doing our best even in the most challenging of circumstances,” said China Bank President William C. Whang.
Prior to these wins, China Bank’s financial strength was recognized by The Asian Banker, ranking the Bank as the 2nd strongest in the Philippines in 2021 in The Asian Banker’s Top 500 Strongest Banks. Most noteworthy is China Bank’s jump to 81st place from its 323rd place in 2020—the best improved among all 9 local banks included in the list. In the Asia Pacific region which covers 22 countries including the Philippines, China Bank is in top 20% of the 500 strongest banks.
Last December, China Bank’s investment grade credit rating with stable outlook was affirmed by Moody's Investors Service, citing the Bank’s improved capital and profitability to mitigate risks to asset quality. In October 2021, the Philippine Rating Services Corporation (PhilRatings) gave China Bank the highest credit rating of PRS Aaa (corp.), which takes into account the Bank's established track record and resiliency, sound funding profile, lower interest expense, more than satisfactory asset quality, and ample capital buffer.
The Asset is well-regarded for its authoritative and independent coverage on Asia’s financial industry for corporate leaders and decision-makers. The Asset Triple A Awards are the pre-eminent recognition for excellence in banking, finance, treasury, and the capital markets.