CBS China Bank Savings has moved up two notches in the Bangko Sentral ng Pilipinas’ 2023 ranking of thrift banks in terms of total assets. From top four in 2022, CBS is now the second largest thrift bank with P158 billion in resources as of December 31, 2023.
CBS finished strong in 2023, achieving a record high of P1.83 billion in net income, up 16%, and P113.63 billion in gross loans, up 25%, as its client base grew by 20% year-on-year. CBS is determined to reach as many new clients as possible this year, already registering 22% growth in its total customer base in the first quarter of 2024 vs. same period last year.
CBS is set on improving its resilience and sustainability in the face of accelerating climate change, shifting its corporate fleet to electric vehicles (EVs) and hybrid. CBS has purchased its first hybrid service car.
CBS Easi Auto Loan is also available for the purchase of
hybrids and EVs.
Learn more:
Manila Bulletin:
China Bank Savings profit hits record high in 2023
Context PH:
CBS rises to second largest thrift bank in the country
Philippine STAR:
China Bank Savings hits record high in 2023
SM Malls:
CBS rises to 2nd largest thrift bank in the country