Cebu-Mandaue Cabancalan Branch offers both retail and business banking services and the branch will be headed by Ruel Umbay.
This is the first branch of the planned 40 new branches this year. Additionally, China Bank is looking at opening 30 branches for the main bank and 10 branches for ChinaBank Savings this year. Two branches, SM City-Naga and Antique-San Jose, are slated for opening within the first quarter.
Samuel Chiong, senior vice president and branch banking deputy group head at China Bank said: “Making China Bank even more accessible continues to be a top priority for us this year. We are opening branches not just in key cities but in developing communities as well so we can offer our high level of relationship-oriented service to the residents and small to medium enterprises in these communities and help them towards their pursuit of success.”
Mr Umbay said: “We are excited to be the right banking partner to the families and entrepreneurs in mandaue City. This branch expands China Bank’s presence in Cebu, improving convenience for the bank’s existing clients as there are more China Bank branches to serve them, while providing us with the opportunity to attract new clients.”
