MANILA — Sy-led China Banking Corp. (Chinabank) reported a 13% increase in net income in 2025, reaching a record P28 billion, as total lending surpassed the P1-trillion mark for the first time.

The bank said total operating income grew 16% to P75.7 billion, while interest income climbed 12% to P105.2 billion, reflecting sustained demand across corporate and consumer loan segments.

Gross loans rose 13% to P1.1 trillion, supported by strong demand from both corporate and retail clients. Chinabank’s non-performing loan (NPL) ratio remained steady at 1.6%, with an NPL coverage ratio of 109%.

Operating expenses increased 12% to P34.4 billion due to higher manpower costs, taxes, and information technology spending. Despite this, the cost-to-income ratio improved to 45%.

The bank ended 2025 with total assets of P1.8 trillion, up 8%, making it the fourth-largest private universal bank in the Philippines. Deposits also grew 9% to P1.4 trillion.