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Manila Bulletin devider Business devider FT ranks China Bank among AsPac's top growth firms

FT ranks China Bank among AsPac's top growth firms

Published Apr 12, 2022 02:47 pm

China Banking Corporation (China Bank) made it to the Financial Times' 2022 ranking of the top 500 high growth companies in the Asia Pacific region—the only bank among the 15 Philippine companies in the comprehensive list.

The Asia-Pacific High-Growth Companies 2022, compiled by British newspaper Financial Times in partnership with research provider Statista, is a list of the 500 companies in the Asia-Pacific region that achieved the highest percentage growth in revenues between 2017 and 2020.

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One criterion is that the revenue growth must be primarily organic.

China Bank ranked in 495th place with an absolute growth rate of 70 percent and compound annual growth rate (CAGR) of 19.5 percent. The list shows China Bank’s revenues as $510.44 million in 2017 and $883.72 million in 2020.

Financial Times converted the revenues into US dollars for better comparability in ranking, using the exchange rates of December 31, 2017 and 2020, respectively.

London-based Financial Times, printed in broadsheet and published digitally, focuses on economics, business issues, and current events. The special report on the Asia-Pacific High-Growth Companies 2022 was published on April 7, 2022.

China Bank was recently named the Best Bank in the Philippines in 2021, and its investment house subsidiary China Bank Capital, the Best Bond Adviser (Domestic) for the sixth consecutive year, by regional financial magazine The Asset.

Both also won the top awards at the Philippine Dealing System Annual Awards: the Cesar E.A. Virata Best Securities House (Bank category) for China Bank and the Top Corporate Issue Manager/Arranger (Investment House Category) for China Bank Capital.

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