CBS Net Income Surges in 1st Qtr 2025
June 19, 2025
China Bank Savings grew profit by 23 percent in the first quarter of 2025, building on record breaking income realized in 2024. At the annual stockholders meeting of China Bank Savings President James Christian T. Dee shared the bank hit a net income of P566 million in the first quarter, up 23 percent from the same period in 2024. Total loans expanded to P143 billion, while total deposits grew to P171 billion.
“First quarter GDP growth of the Philippines, came in at a modest 5.4 percent, reflecting a relatively flat growth trajectory spanning the last three quarters. In spite of this, I am happy to report that CBS has done well to start the year,” Mr. Dee said. He also elaborated on the previous year’s performance. “2024 was another strong year for our Bank, and I am proud to announce that CBS has delivered record-breaking profits for four consecutive years.”
The Bank posted a full-year net income of P2.17 billion, which is a 19% year-on-year growth. It grew its total loan portfolio 21% year-on-year to P135.5 billion, driven by APD, auto, and housing loans. CBS also finished 2024 as the country’s largest thrift bank in terms of total deposits. Total deposits were at P166.8 billion at the end of last year, up 21% year-on-year.
CBS Chairman Ricardo R. Chua was also at the annual stockholders meeting where he expressed his confidence in the Bank’s capability to continue growing. “CBS is determined to expand our business through loans and CASA growth and to future-proof our organization by focusing on asset quality, digital banking transformation, and the consolidation of our distribution network.”
CBS also unveiled a new Environmental & Social Risk Resilience Tool for SMEs at the meeting. This service will be the first of its kind in the Philippines, and is being developed in partnership with Deloitte Philippines, an accomplished consultant which participated in the early formulation of Philippine E&S regulations. The launch of the tool is expected within 2025 and stockholders and guests were shown a video of the web-based tool which will assess the E&S risks of CBS clients while providing recommendations on how to address them.
Meanwhile CBS stockholders re-elected directors Ricardo R. Chua, Nancy D. Yang, Romeo D. Uyan, Jr., Patrick D. Cheng, Aloysius C. Alday, Jr., Herbert T. Sy Jr., and James Christian T. Dee at the ASM. Likewise re-elected independent directors are Philip S.L. Tsai, Claire Ann T. Yap, Antonio S. Espedido Jr., and Genaro V. Lapez.
CBS, the retail lending arm of China Banking Corporation, spans 277 locations nationwide, including 170 branches, and 107 lending centers and ‘branch lites’, supported by 253 ATMs. CBS is committed to providing for the financing needs of the SME sector and retail customers and improving the quality of life of the communities it serves, with the promise of “Easy Banking for You.”
For more information about the Bank's operations and performance: CBS 2024 Annual Report.
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CBS Chairman Ricardo R. Chua was also at the annual stockholders meeting where he expressed his confidence in the Bank’s capability to continue growing. “CBS is determined to expand our business through loans and CASA growth and to future-proof our organization by focusing on asset quality, digital banking transformation, and the consolidation of our distribution network.”
CBS also unveiled a new Environmental & Social Risk Resilience Tool for SMEs at the meeting. This service will be the first of its kind in the Philippines, and is being developed in partnership with Deloitte Philippines, an accomplished consultant which participated in the early formulation of Philippine E&S regulations. The launch of the tool is expected within 2025 and stockholders and guests were shown a video of the web-based tool which will assess the E&S risks of CBS clients while providing recommendations on how to address them.
Meanwhile CBS stockholders re-elected directors Ricardo R. Chua, Nancy D. Yang, Romeo D. Uyan, Jr., Patrick D. Cheng, Aloysius C. Alday, Jr., Herbert T. Sy Jr., and James Christian T. Dee at the ASM. Likewise re-elected independent directors are Philip S.L. Tsai, Claire Ann T. Yap, Antonio S. Espedido Jr., and Genaro V. Lapez.
CBS, the retail lending arm of China Banking Corporation, spans 277 locations nationwide, including 170 branches, and 107 lending centers and ‘branch lites’, supported by 253 ATMs. CBS is committed to providing for the financing needs of the SME sector and retail customers and improving the quality of life of the communities it serves, with the promise of “Easy Banking for You.”
For more information about the Bank's operations and performance: CBS 2024 Annual Report.
MANILA BULLETIN China Bank Savings keeps breaking profit records, unfazed by rivals
INQUIRER PLUS China Bank Savings sees loan book growth of 20%
BUSINESS MIRROR CBS welomes BDO entry in thrift banking
BUSINESS WORLD China Bank Savings targets 20% loan growth
BIZ BUZZ Competition? Bring it on, CBS says
TRIBUNE CBS eyes 5 new branches after 1st Qtr loan jump
BILYONARYO Young, earing and borrowing: Sy-blings" China Bank Savings bets on Gen Z
Philippine STAR CBS to double income in 5 years
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