China Bank H1 profit grows 30% to P3.27B

CHINA Banking Corp., a listed affiliate of the SM Group, said its consolidated net income posted double-digit growth in the first half of the year on the sustained expansion in its core and fee-based businesses.

In a statement on Thursday, China Bank said it posted a consolidated net income of P3.27 billion for the first six months of 2016, 30 percent higher than the P2.51 billion income recorded for the same period last year.