China Banking Corp (CBC)

China Banking Corporation provides various banking and financial products and services to individuals and business in the Philippines. The company offers various deposits, such as savings, checking, and time and foreign currency deposits; and deposit-related services, including cash card, payroll account, social security system pensioner’s account, gift check, manager’s check, demand draft, safety deposit box, night depository, and cash delivery and deposit pick-up services. It also provides project finance, syndicated and term loans, short-term working capital facilities, trade finance products and services, consumer loans, and government securities and corporate bonds; credit cards; and international banking services comprising letter of credit, standby letter of credit, shipping guarantee, documents against payment and acceptance, advance payment, open account, trust receipt loans, export bills purchase and collection, customs and duties tax payment, advising of letters of credit and standby letters of credit, purchase and sale of foreign exchange, inward and outward remittance, and foreign currency loans. In addition, the company offers unit investment trust fund, investment management arrangement, personal management trust, escrow services arrangement, employee benefit and corporate fund management, facility agency and security trusteeship arrangement, and collecting and paying agency arrangement services; investments, deposits and deposit substitutes, and foreign exchange and derivatives; cash management services; investment banking and stock brokerage services; insurance products and services; and automated teller machine, cash accept machine, point-of-sale, and online and mobile banking services. China Banking Corporation was incorporated in 1920 and is headquartered in Makati City, the Philippines.