If you are searching the premium-class financial services in Philippines, Chinabank is exactly what you need. You can find this bank at the top of the ratings of leading banks in Philippines together with such world-famous banks as Philippine National Bank, Metrobank and Bank of the Philippine Islands. In this article we will consider the necessary information about сhina bank history, its ownership, china bank office hours, and its available branches and ATMs. If you have not decided yet about the bank in Philippines that fits your requirements and can provide you with first-class services, Chinabank has all chances to become your favorite bank for many years.
History of the Bank of the Chinabank
Popular in Philippines and not only Chinabank was created in the year of 1920. Unlike other banks of that epoch it was the first bank owned not by a Philippine government, but by a private individual. The first сhina bank owners were Dee C. Chuan and Albino SyCip. The main purpose of this bank creation was to provide Chinese-Filipino businessmen with the first-class financial services. First two china bank branches were opened in the 1925 and 1929 in China (Amoy and Shanghai respectively). The great role was played by Chinabank during post-World War II period. It made a great contribution into the recovering of financial situation and supported different businesses at that hard times. The first local branch of Chinabank was opened in the year of 1949 in Cebu. In 1969 thanks to computerization of many processes this bank was the first one in the whole Southeast Asia which was able to process all deposit accounts from its client online. In the year of 1990 Chinabank together with other seven leading banks created BancNet, which nowadays is the largest ATMs network. Universal bank license was acquired by Chinabank in 1991, allowing it to significantly extend the range of its financial operations.
Nowadays сhina bank head office is located in Makati, Philippines and bank has 295 branches and 505 ATMs according to the data for 2013 year.
According to the information for 2013 year the ownership of Chinabank is divided following way:
- The largest part of bank’s shares belongs to SM Group (37%);
- Smaller part (10%) is owned by Dee Families;
- 23% of bank’s shares is owned by the foreign family grouping;
- 30% belongs to other family groups.
Main branches and ATMs of the Chinabank
On the official website of the bank number of its locations is equal to 295 Chinabank and 72 Chinabank Savings branches, while the number of its ATMs reached 505 Chinabank and 56 Chinabank Savings. For the most convenient search you can use the locator on the official website of Chinabank. Using it you will be able to find the nearest сhina bank atm or branch, and check сhina bank banking hours.
Almost all branches of the bank are opened from 9.00am till 4.30pm, but some of them also work on Saturday from 9.00am till 1.00pm. Also there are several mini-branches which work from 10.00am till 7.00pm or from 9.00am till 3.00pm depending on the branch. Some of them are also opened on weekend and work from 9.00am till 2.00pm.