Chinabank Q1 Profit Rises 4% to ₱6.8B on Strong Lending Growth

China Banking Corporation (Chinabank) reported a net income of ₱6.8 billion in the first quarter of 2026, up 4% year-on-year, driven by strong core business growth.

The lender reports strong growth in the first quarter of 2026. (Photo:: Chinabank PH Facebook)

The bank posted a return on equity of 14.2% and a return on assets of 1.5%. Net interest income rose 14% to ₱19.5 billion, supported by higher revenues and lower interest expenses.

Net interest margin improved by 12 basis points to 4.61%.

Operating expenses increased 5% to ₱8.8 billion due to continued investments in workforce and digital initiatives, while the cost-to-income ratio remained at 49%.

Total assets grew 12% to ₱1.9 trillion, with gross loans rising 16% to ₱1.1 trillion.

Deposits increased 13% to ₱1.5 trillion, with CASA deposits up 20%, lifting the CASA ratio to 48%. The non-performing loan (NPL) ratio stood at 1.6%, with an NPL coverage ratio of 110% after provisions rose to ₱684 million.

Total equity reached ₱192.3 billion, with book value per share at ₱71.42.

Stockholders approved ₱7.5 billion in dividends, including a ₱1.80 regular dividend and a ₱1.00 special dividend per share.