China Bank H1 net income rises 14% to P2.51B

CHINA Bank Corp., a listed affiliate of the SM Group, has reported a 14-percent increase in net income at P2.51 billion during the first six months of 2015 from P2.2 billion a year earlier.

In a statement, the bank said it sustained a strong growth in core businesses that led to a double-digit growth in profits. The net income translates to a return on equity of 8.67 percent and a return on assets of 1.06 percent.