C05946-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Aug 3, 2023
2. SEC Identification Number
443
3. BIR Tax Identification No.
000-444-210-000
4. Exact name of issuer as specified in its charter
CHINA BANKING CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8745 PASEO DE ROXAS COR. VILLAR STREET, MAKATI CITY Postal Code 1226
8. Issuer's telephone number, including area code
(632) 8885-5555
9. Former name or former address, if changed since last report
NA
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 2,691,288,212
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

China Banking CorporationCHIB

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

PRESS RELEASE: Chinabank net income climbs to P10.8B in the first half of 2023

Background/Description of the Disclosure

In compliance with your requirements, please be informed that the Board of Directors of China Banking Corporation (Chinabank), during its regular meeting held yesterday, 02 August 2023, approved the unaudited financial statements of the Bank for the quarter ended June 30, 2023.

Chinabank posted a 7% year-on-year increase in net income to P10.8 billion, which translated to a return on equity and return on assets of 15.9% and 1.6%, respectively. Chinabank closed the quarter with P1.4 trillion in assets, up 15% year-on-year, supported by a 19% expansion in deposits to P1.1 trillion. Total equity increased 9% to P139 billion, with a common equity tier 1 (CET1) ratio of 15.2% and total capital adequacy ratio (CAR) of 16.1%, well above the regulatory minimum requirement. Book value per share grew 9% to P51.48.

Chinabank will be releasing to the press the attached statement entitled: “Chinabank net income climbs to P10.8B in the first half of 2023”.

Chinabank’s 2Q 2023 SEC Form 17-Q report containing the financial statements and detailed management discussion will be submitted as soon as available, in compliance with regulatory reporting requirements.

Other Relevant Information

See attached file

Filed on behalf by:
Name AEROL PAUL BANAL
Designation SAVP