In a disclosure to the Philippine Stock Exchange, Chinabank said its board of directors approved a fundraising exercise of up to P100 billion in several tranches in the next three years.
The bank said the fundraising activity may be in the form of retail bonds or commercial papers or a combination.
"The proceeds shall be used to support the bank's strategic initiatives and expansion programs," it said.
From January to September 2024, the bank boosted its earnings by 13.5 percent to a record P18.4 billion, mainly due to sustained growth from its core businesses.
هذه القصة مأخوذة من طبعة January 10, 2025 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 10, 2025 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
A Milestone In Beauty
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SoKor investigators call for indictment of detained President Yoon
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Judge temporarily blocks Trump's plan to end birthright citizenship
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Bureaucratese
FIRST PERSON
NEDA
\"We may have difficulty achieving the six percent for the full year, but we'll see,\" Balisacan told reporters.
DA forms TWG for food security emergency
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