China Banking Corp. · PSE:CBC
China Banking — 9M 2025 Earnings Presentation
36 slides from China Banking's earnings presentation, Nov 6, 2025
Slide 1: Analysts' Briefing 9M 2025 Results
Analysts’ Briefing 9M 2025 Results November 6, 2025
Slide 2: Panelists
Panelists Patrick D. Cheng Gerald O. Florentino Chief Finance Officer Investor Relations Head 2
Slide 3: Reminders
REMINDERS: ✓ Microphones and cameras are disabled during the presentation. ✓ For the Q & A, attendees may: ✓ Post a live question - click the “Raise Hand” button to be recognized ✓ Send questions thru the chat box
Slide 4: 9M 2025 Financial Performance
9M 2025 Financial Performance
Slide 5: 9M 2025 Financial Highlights
9M 2025 Financial Highlights P20.2 Bn 15.3% 15.85% P68.5 9M 2025 Net Income Return on Equity Capital Adequacy Ratio Book value per share ✓ 9M 2025 Net income grew 10% to P20.2 billion; Income Statement ✓ Resilient NII despite pressure on funding cost; NIM improved by 16 bps YoY to 4.58% in 9M 2025;
Slide 6: 9M 2025 Financial Highlights: Income Statements
9M 2025 Financial Highlights INCOME STATEMENTS YoY 9M2024 9M2025 In Php millions, except % change Interest income 68,727 77,896 13% Interest expense (22,273) (24,382) 9% Net interest income 46,454 53,514 15% Fee-based income (146) 3,097 n.m. Total revenue 46,308 56,611 22% Operating expenses (22,038
Slide 7: 9M 2025 Financial Highlights: Balance Sheets
9M 2025 Financial Highlights BALANCE SHEETS YoY YtD Sep 2024 Dec 2024 Sep 2025 in Php millions, except % change change Liquid Assets 129,283 133,767 114,457 (11%) (14%) Investment Securities 562,169 542,695 571,266 2% 5% Net Loans 851,941 915,230 972,397 14% 6% Other Assets 51,914 54,402 71,070 37%
Slide 8: Sustained profitability amidst a challenging environment
Sustained profitability amidst a challenging environment Quarterly Net Income (In PHP Bn) +10% 20.2 18.4 Breached the P7-billion quarterly net income mark in 3Q’25 +4% 6.9 7.2 6.4 6.5 6.5 5.8 5.8 5.9 5.5 5.0 5.4 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 9M24 9M25 8
Slide 9: Improving NIM amid declining funding costs
Improving NIM amid declining funding costs NIM improving Q-on-Q Net interest income continues to grow Q-on-Q Net Interest Income (In PHP Bn) +16% vs 3Q24 6.82% +14 bps vs 20.0 25 consecutive 18.6 6.69% 6.70% 6.75% 17.7 6.47% 6.57% 6.65% 3Q24 18.0 quarters of growth 17.1 17.1 (since 3Q19) 16.0 16.0 1
Slide 10: Improving NIM amid declining funding costs
Improving NIM amid declining funding costs Net interest income continues to grow Net Interest Income (In PHP Bn) 62 +15% YoY 58 1.9 1.4 0.2 54 Gross yield Total Deposits and 50 7.8 up 13 bps Bills payables up 53.5 YoY 9% and 12%, 46 respectively 46.5 Gross Loans 42 grew 14% YoY 38 34 30 26 22 18 14
Slide 11: Core fee-based income remains strong
Core fee-based income remains strong Fee-based Income, ex trading and FX losses (In PHP Bn) 15.0 +48% 13.5 13.0 11.0 9.2 9.0 10.0 ✓ Core fee income continues to grow on higher 73% YoY Miscellaneous deposits, Trust and transaction-based income 7.0 5.8 +23% YoY Bancassurance 5.0 commissions ✓ The incr
Slide 12: Spending on initiatives aimed at driving revenue growth
Spending on initiatives aimed at driving revenue growth Operating Expenses ex provisions (in PHP Bn) .0 +15% 25.3 .0 +20% YoY Others 22.0 6.2 .0 5.1 +40 YoY IT Expense ✓ IT expense grew 40% YoY on sustained 1.6 investments in technology and infrastructure. 1.1 1.5 .0 1.4 +7% YoY Depreciation 2.5 2.3
Slide 13: Improving asset quality and sufficient NPL cover
Improving asset quality and sufficient NPL cover Proactively set aside higher provisions to strengthen balance sheet NPL ratio has improved; NPL cover more than adequate Provisions (In PHP Bn) 3.0% 140% 8.9 8.9 9.0 123% 115% 120% 7.0 2.5% 108% +4.7x 100% 2.0% 3.3 1.8% 1.6% 1.6% 80% 1.2 1.5 1.5% 60%
Slide 14: Sustained loan growth
Sustained loan growth Balanced expansion across both consumer and business segments Well-secured consumer lending portfolio Gross Loans (In PHP Bn) Consumer Loans Breakdown, September 2025 Business Consumer +14% YoY 994 933 872 Housing 248 791 212 +18% YoY 51% 718 210 624 181 144 123 P248 Bn 721 746
Slide 15: Consumer Loans Highlights
Consumer Loans Highlights STRONG STRONG PORTFOLIO PORTFOLIO PERFORMANCE PERFORMANCE ✓ Real estate portfolio growth driven by strategic partnerships and focus on depositors’ home financing needs. ✓ Credit card portfolio sustained by targeted sales and marketing, product innovation, and system enhance
Slide 16: Consumer Loans up 21% CAGR since 2021, NPL ratio <3%
Consumer Loans up 21% CAGR since 2021, NPL ratio <3% Consumer Loans Credit Cards 4.9% 500 5.0% 900 12.0 450 Cards-in-force and receivables have 800 expanded more than 6X since 2021 ₱9.7 #10 400 4.0% 10.0 3.5% 700 350 600 8.0 300 2.8% 2.7% 3.0% 2.6% 500 250 6.0 ₱5.1 400 200 2.0% 300 4.0 150 ₱3.0 ₱248
Slide 17: Manageable NPL Levels
Manageable NPL Levels 4.7% Housing Loans Credit Cards 250.0 5.0% 4.0% 13.0 7.0% 5.8% 5.6% 200.0 3.3% 4.0% 11.0 6.0% 3.0% 2.7% 9.0 4.2% 5.0% 150.0 3.0% ₱9.7 7.0 4.0% 100.0 ₱127 2.0% 2.7% ₱101 ₱112 5.0 2.0% 3.0% ₱84 ₱87 ₱5.1 50.0 1.0% 3.0 2.0% 1.0 ₱2.1 ₱3.0 1.0% ₱1.4 - 0.0% Dec-21 Dec-22 Dec-23 Dec-24
Slide 18: Managed Deposit growth
Managed Deposit growth CASA grew and solidly above pre-COVID levels Deposits per branch (In PHP Bn) Deposits (In PHP Bn) 2.19 CASA CASA 2.05 +9% YoY Time 1,415 Time 1.83 1,331 1,298 1.67 1,187 1.21 1,066 1.35 1.14 783 +7% YoY 0.94 738 0.77 863 731 611 0.48 492 308 Pre-pandemic CASA level 0.90 0.92 0
Slide 19: Strong internal capital generation results to ample buffer
Strong internal capital generation results to ample buffer Enough capital buffer: ✓ to absorb credit shock; ✓ to support Asset Capital growth; and Ratios 18% ✓ to sustain dividend payment to shareholders 0.7% 16.2% 2.1% 1.1% 15.8% 15.9% 16.1% 15.8% 16% 0.8% 0.9% 0.9% 0.9% 0.9% 0.6% 15.3% 14% 15.0% 1
Slide 20: Increasing dividend payments to Shareholders
Increasing dividend payments to Shareholders 10.0 30% Consistent growth in dividend per share over the last five years 9.0 27% 27% 27% 27% 25% 8.0 22% +14% 3.00 +2.5x vs. 2021 7.0 6.7 20% ₱2.50 5.9 2.50 6.0 ₱2.20 5.1 2.00 ₱1.90 ₱1.00 5.0 15% 4.0 ₱1.00 ₱1.50 4.0 1.50 ₱0.90 10% ₱0.50 3.0 2.7 ₱1.00 1.0
Slide 21: We are executing our strategies
We are executing our strategies Expanded Business Relationships Increased contributions from ancillary businesses ✓ Encouraged clients to access both sides of the balance sheet; +18% YoY Trust Fees (with AUM at P324 Billion) ✓ Identified opportunities to cross-sell additional +23% YoY Bancassurance
Slide 22: In summary, Chinabank continues to be..
In summary, Chinabank continues to be.. 9M’24 FY’24 9M’25 Return on Equity 15.7% 15.6% 15.3% Profitable Return on Assets 1.6% 1.6% 1.6% CET 1/Tier 1 Ratio 14.8% 15.3% 15.0% Adequately-capitalized Capital Adequacy Ratio 15.7% 16.2% 15.8% NPL Ratio 1.8% 1.6% 1.6% Well-managed NPL Cover* 115% 108% 123%
Slide 23: Q & A
Q&A ✓ Please click the “Raise Hand” button to be recognized. ✓ You may also send questions thru the chat box.
Slide 24: Additional Information
Additional Information
Slide 25: History of Chinabank
History of Chinabank Pre-2000s 2007 - 2015 2016 - 2019 2020 - 2025 2020. Raised P15 Bn via fixed- 2007. Acquired Manila Bank and rate retail bonds; Celebrated operated it as China Bank 100 years and restored Binondo Savings; Business Center 2022. Became the 4th largest Entered into a bancassurance J
Slide 26: Company Profile
Company Profile Extensive Distribution Channels* Subsidiaries & Affiliates 647 1,126 11,605 Investment Grade Credit Rating Best in Corporate Governance Consistently recognized for governance excellence by the Baa2 Institute of Corporate Stable Directors (ICD). *As of September 30, 2025 26
Slide 27: SM Group: Strong Support & Synergies
SM Group: Strong Support & Synergies Chinabank benefits from being part of one of the largest and most diversified conglomerates in the Philippines Snapshot of SM Group Business Lines Chinabank’s Current Shareholdings Others SM Group 34% 39% SM Investments – 23% Retail Banking Property Sysmart Corp.
Slide 28: Other Citations
Other Citations Image result for philippine dealing system Service Innovation of Banking for Women the Year Philippines Initiative of the Year Debt Deal of the Year Project Sustainability-Linked Top Brokering Philippines Philippines Infrastructure Bond of the Year Participant for Retail 30-Minute In
Slide 29: Highly capable management team
Highly capable management team Hans T. Sy Gilbert U. Dee Romeo D. Uyan, Jr. Chairman of the Board Vice Chairman of the Board President and Chief Executive Officer ▪ Chairman since 2011 ▪ Vice Chairman since 2011 ▪ With CBC since 2014 ▪ Member of the Board since 1986 ▪ Member of the Board since 1969
Slide 30: Market Data
Market Data TRADING INFORMATION TRADING INFORMATION MARKET VALUATION Ticker (Bloomberg I Reuters) CBC PM I CBC.PS Dec-23 Dec-24 Sep-25 Par value (PHP) 10.00 Book value per share 55.8 62.6 68.5 Outstanding shares 2,691,343,012 Earnings per share 8.2 9.2 9.9 Stock price as of Nov 3, 2025 48.05 Price t
Slide 31: Profitability significantly improved since 2019
Profitability significantly improved since 2019 Became the 4th Reached P1 trillion largest private bank in Assets and P100 in PH in terms of Incorporated China billion in Equity Assets Acquired Bank Capital Pampanga-based Acquired Raised P15 billion Unity Bank Entered credit card from stock rights P
Slide 32: Focus on optimizing branches in the last 5 years
Focus on optimizing branches in the last 5 years Became the 4th Reached P1 trillion largest private bank in Assets and P100 in PH in terms of Incorporated China billion in Equity Assets Acquired Bank Capital Pampanga-based Acquired Raised P15 billion Unity Bank Entered credit card from stock rights
Slide 33: Historical Financial Highlights
Historical Financial Highlights BALANCE SHEETS Sep 25 vs Sep 25 vs Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Sep 2024 Sep 2025 in Php billions, except % Sep 24 Dec 24 Liquid Assets 205 188 178 155 134 129 114 (11%) (14%) Investment Securities 236 279 412 505 543 562 571 2% 5% Net Loans 557 609 70
Slide 34: Historical Financial Highlights
Historical Financial Highlights INCOME STATEMENTS 9M25 vs FY2020 FY2021 FY2022 FY2023 FY2024 9M2024 9M2025 In Php billions, except % 9M24 Interest income 47.7 46.5 57.2 79.4 93.8 68.7 77.9 13% Interest expense (13.3) (7.4) (11.6) (25.8) (30.2) (22.3) (24.4) 9% Net interest income 34.4 39.1 45.6 53.5
Slide 35: Legal Disclaimer
Legal Disclaimer This presentation and the information contained herein as well as the materials distributed herewith ("Presentation") are the sole and exclusive property of China Banking Corporation (“Chinabank”) and shall only be used for the purpose intended herein. None of the information contai
Slide 36: Thank You!
Thank You! (ce; Chinabank Focused on You