Chinabank Begins Trading on the PSE Main Board with the New Stock Ticker "CBC"

China Banking Corporation (Chinabank), which has been in the banking business for more than 100 years, recently started a corporate rebranding campaign. As part of this effort, the company's stock ticker symbol was changed from CHIB to CBC.

​In an exclusive bell-ringing ceremony, prominent figures from the Philippine Stock Exchange, Inc. (PSE) accompanied Chinabank executives to commemorate the company's initial trading under its new stock symbol.

 “I believe this is an auspicious time for Chinabank to do this rebranding exercise given its rosy prospects, after having posted a record net income of Php 22-billion last year. As of end-2023, Chinabank ranked fourth among private domestic banks in three categories: in terms of largest assets at Php 1.5 trillion; as largest lender with gross loans amounting to Php 791 billion; and largest deposits at Php 1.2 trillion,” said PSE Chairman Jose T. Pardo in his welcome message during the bell ringing ceremony held last June 19.

Chinabank opened for business on August 16, 1920 as the first privately owned local commercial bank in the Philippines. It was one of the first companies to be listed on the Manila Stock Exchange in 1927.
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Chinabank joined the PSE Dividend Yield Index in February of this year and has been a part of the PSE MidCap Index since February 2023.