Background Information on China Trust in case you want to purchase one of their Acquired Assets
Chinatrust (Philippines) Commercial Bank Corporation is a subsidiary of Chinatrust Commercial Bank (CTCB), one of the 200 biggest banks in the world in terms of capital and the most awarded banking institution in Taiwan. Its asset size is over US$57 billion at the end of December, 2010 and it enjoys a credit rating unmatched by any local Philippine bank ― A2 from Moody’s, A- from Standard and Poor’s, and A from Fitch.
The Philippine subsidiary was organized in 1995 and is listed in the Philippine Stock Exchange. It actively provides financial services to both local and foreign companies in the Philippines, aside from extensively serving the needs of the middle-income consumers. It is also one of the leading players in the local bond markets, dealing in both sovereign and corporate bonds, and is consistently cited as one of the top 10 Government Securities Dealers by the Bureau of Treasury. It entered the consumer finance business in 2002 by acquiring a portfolio from a regional bank that was divesting its consumer business in the country. Since then, Chinatrust’s consumer finance portfolio has grown into the largest and fastest growing in the country. In the next few years, Chinatrust hopes to build industry-leading franchises in consumer finance, debt capital markets and niche-based corporate banking.
Like its parent bank, the Philippine subsidiary has been recognized for its outstanding performance. Its profitability, solvency, portfolio quality, and capital adequacy are among the best in the Philippine market. Paying particular attention to the Bank’s corporate governance practices, the Management Association of the Philippines cited Chinatrust’s 2004, 2005, and 2006, 2007 annual reports as one of the best among all listed companies in the country. The Development Bank of the Philippines likewise named Chinatrust the best commercial bank in micro-finance for 2005
Contact Info:
For Inquiries on Acquired Assets
Call Armand – 988-9287 local 8957 /0928-5028648
EMAIL: wowie.eugenio@chinatrust.com.ph
Head Office Address
16th to 19th floors, Fort Legend Towers, 31st Street corner 3rd Avenue, Bonifacio Global City, Taguig City, 1634.
Chinatrust 24/7 Customer Care Hotline
(632) 840 1234
Domestic Toll-Free
1800 10 8401234
International Toll-Free*
+800 2 8401234