Chinabank posted record January-June profit of P14.5B

MANILA, Philippines — China Banking Corp. (Chinabank) posted a record P14.5 billion in first-half net income, up 11 percent from a year ago, as strong lending growth and a larger balance sheet helped offset higher operating expenses. On Thursday, the Sy family-led bank said the January-to-June performance translated to a return on equity of 15.1