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China Bank acquires Plantersbank



Another merger in the banking industry, China Banking Corporation (China Bank) to acquire Plantersbank. As of May 2013, Plantersbank has total assets of P52.7 billion, loan portfolio of P33 billion, deposits of P43.6 billion and with 78 branches.

China Banking Corporation
Stock Code: CHIB

China Bank subsidiaries and affiliate:
-CBC Properties and Computer Center Inc.
-CBC Forex Corporation
-China Bank Savings, Inc. (CBSI).
-China Bank Insurance Brokers, Inc. (CIB)
-Manulife ChinaBank Life Assurance Corp. (MCB Life)


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