Chinabank’s HomePlus wins Best Home Loan Financing for market performance and flexible offerings

China Bank’s HomePlus was recognised for its strong market performance and tailored offerings. The product contributed significantly to Chinabank’s mortgage portfolio, which grew to PHP 79 billion ($1.4 billion), marking an 18% increase from the previous year. New loan volume reached a record PHP 28 billion ($480 million), up 58% year-on-year, supported by flexible loan purposes, easy payment options, and targeted market outreach. Despite portfolio growth, Chinabank improved its asset quality, reducing past-due rates from 5.5% in 2022 to 4.4% in 2023, highlighting its robust risk management.