China Banking Corp. reported a P6.8-billion net income in the first quarter, up 4 percent, driven by core business growth.
The Sy family-led bank said on Thursday that it posted a return on equity of 14.2 percent and return on assets of 1.5 percent, among the highest in the industry.
Total assets reached P1.9 trillion, up 12 percent, while gross loans climbed 16 percent to P1.1 trillion on broad-based demand.
Deposits rose 13 percent to P1.5 trillion, lifting liquidity. Meanwhile, total equity increased 10 percent to P192.3 billion, with book value per share at P71.42.