CBC celebrates 10 international awards for excellence in consumer finance
China Bank has clinched ten prestigious international awards, highlighting its expertise and innovation in consumer finance.
These awards span multiple product categories, from home loans and real estate financing to credit card offerings, underscoring the bank’s commitment to providing diverse financial solutions tailored to the needs of its clients.
The bank’s recent recognition follows its success at the Asian Banker’s Philippine Awards 2024, where China Bank took home awards for Best Credit Card for Travelers for its Chinabank Destinations Mastercard and Best Home Loan Financing for Chinabank HomePlus.
These awards reflect China Bank’s dedication to offering products that cater to specific consumer needs, from flexible financing options to value-added benefits for frequent travellers.
Beyond these accolades, UK-based Global Banking & Finance Review honored China Bank with three additional awards, recognizing the bank’s country-specific achievements.
The bank received the titles of “Best Mortgage Bank”, “Excellence in Innovation – Credit Card Initiative,” and “Excellence in Innovation – Developer Financing Platform.” These awards from a well-regarded UK financial publication emphasize China Bank’s role as a trailblazer in mortgage services and innovative financing solutions, including specialized credit card initiatives aimed at enhancing the consumer experience.
China Bank’s CTS: Streamlined, efficient financing for developers
Meanwhile, US-based World Economic Magazine also highlighted China Bank’s leadership in real estate financing by naming it the Best Bank for Real Estate Financing in the Philippines. In addition, the magazine recognized the bank’s contract-to-sell (CTS) facility as the Best Banking Product in the Philippines.
This particular product allows for streamlined, efficient financing for developers and buyers, reinforcing China Bank’s position as a crucial player in the real estate sector.
The bank’s CTS facility also gained acclaim from Dubai-based Global Business Magazine, which awarded it as the Best Wholesale Financing Product. This Dubai-based recognition underscores the CTS facility’s value to the Philippine market as a standout financial product that simplifies transactions for property developers.
Global Business Magazine also recognized the Chinabank Destinations Mastercard as the Best Credit Card in the Philippines, acknowledging its appeal to Filipino travellers and its emphasis on convenience and rewards.
In addition to its international awards, China Bank received regional recognition from Singapore-based Brands and Business Magazine, which commended its outstanding products and services in the Philippines.
The publication named the Chinabank Destinations Mastercard as the Best Credit Card, the CTS facility as the Best Wholesale Financing Product, and the Chinabank HomePlus as “Best Home Loan Financing.” This regional recognition reinforces the bank’s status as a market leader in providing tailored and accessible financial solutions for its customers.
“These new accolades affirm our commitment to helping our customers achieve their dreams and cement CBC’s position as a frontrunner in consumer finance in the Philippines,” said Aloysius Alday Jr., China Bank’s Consumer Banking Segment Head. Alday emphasized the bank’s dedication to creating financial products that resonate with the needs of its clients, enhancing both accessibility and quality of service.
Earlier in October this year, China Bank was also named among the world’s best companies in 2024 by TIME Magazine.
China Bank has since made strides in harnessing digital tools and leveraging its wide-reaching network to serve its clientele better. Its investment in digital innovation allows the bank to streamline its offerings, enhancing the customer experience through technology.
From its customer-friendly mortgage products to its versatile credit card offerings, China Bank’s award-winning services demonstrate a robust commitment to meeting the evolving financial needs of the Filipino market.
With these achievements, China Bank not only celebrates its current successes but also sets a benchmark for future growth. The bank’s forward-looking approach ensures it remains at the forefront of financial innovation, balancing technological advancements with expert customer service.
As China Bank continues to expand its product portfolio and embrace digitalization, it remains dedicated to providing quality and innovative financial solutions to empower Filipinos in their personal and professional journeys.