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China Banking Corporation

  • 1,000 - 50,000 employees

About China Banking Corporation

  • Banking & Financial Services

What it does: A full range of banking services geared towards institutional and individual customers including deposit, investment, cash management, remittance, thrift banking, bancassurance, and insurance brokerage. 

Best known for: China Bank is the first privately-owned commercial bank in the Philippines. The bank initially focused on the needs of Chinese-Filipino entrepreneurs but today it has expanded its products to cover all market segments. 

Staff stats: 9,652 in over 620 branches in the Philippines 

The good bits: Employees on major job sites praise the company's myriad of benefits and comprehensive training for graduates which includes free seminars and workshops. 

The not-so-good bits: Common issues shared by previous employees include low pay, slow promotion, heavy workload and long hours. 

Hiring grads with top marks in: Any business-related course including but not limited to business management, accounting, economics, business administration, and finance. Several entry-level jobs also take in graduates from IT-related courses.

The China Banking Corporation story

China Bank was founded by a team of prominent entrepreneurs which included business leader and philanthropist Dee C. Chuan and the Dean of Philippine Banking, Don Albino Sycip. The bank officially opened for business in Binondo in August 1920, utilizing a modern Chinese organizational structure while operating on the principle of ‘xinyong’ or trustworthiness.

During Japanese rule, the bank was liquidated by military authorities and it was only in July 1945 that the bank reopened. To assist in the economic recovery and reconstruction of post-World War II Philippines, the bank lent to entrepreneurs and businesses in critical industries.

Since then, the bank pioneered in several ways: from being the first local bank listed on the Manila Stock Exchange in 1927 to being the first bank in Southeast Asia to process on-line deposit accounts in 1969. China Bank also became the first company to offer local telephone banking in 1991 — the year it became a universal bank.

Today, China Bank has been in constant expansion. The company was able to quadruple its branches from 148 in 2006 to 621 as of May 2019 with 162 China Bank Savings branches. China Bank also has over 927 ATMs, China Bank Online, China Bank TellerPhone, and China Bank Mobile Banking App which all over 24/7 banking service.

The recruitment process

The recruitment process begins with an online resume submission. Applicants are called in to take a timed exam in English, logic, abstract and math. Exam passers will then be invited for an initial interview and screening with an HR representative. Your first interview may or may not be scheduled on the same day.

Within 1 to 2 weeks, top applicants will be called back for a second interview with the company’s department heads and managers (panel or one-on-one, depending on your role). The hiring process may take 2-3 weeks. 

Remuneration

Low pay is a common sentiment echoed by most employees on major job sites, but the company’s fringe benefits seem to outweigh this. China Bank’s list of benefits includes paid training, 14th and 16th-month pay, sick leave and holiday leave, HMO coverage with one free dependent and a yearly medical allowance, among others. 

The culture

Work can get chaotic in China Bank during high-peak hours according to most employees, however, comprehensive training and compassionate management teams see most employees through.

Social contributions

China Bank has several corporate social responsibility efforts that focus on social development, education and nutrition. Employees are partnered with various local organizations to try and make a difference.

The China Bank Financial Awareness Roadshow for Students is a series of financial workshops aimed at equipping students, especially though courses that are potentially employable overseas or those with OFW parents, with financial know-how including saving, budgeting, and investing. This undertaking covered 25 schools in 11 provinces where around 7,000 students benefited.

Project RED is China Bank’s grassroots advocacy in cooperation with volunteer teachers from the AGAP Buhay program, which provides vocational training and education to adults and children of the hinterland villages of Tanay, Rizal.

Other charitable organizations China Bank has partnered with include Brigada Eskwela and Gawad Kalinga, among others. 

The vibe of the place

The words ‘challenging’ and ‘heavy workload’ are what graduates often use to describe their experience working at China Bank. However, these very same workers are also quick to praise the company's 'friendly' colleagues and 'good' mentors — both of which help get them by. 

Opportunities

  • Philippines, National Capital Region, Luzon, Visayas
B
Business & Management
I
IT & Computer Science

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