China Banking Corporation (China Bank), one of the major banks in the Philippines, has revealed plans to open 66 new branches in the country in 2016.
The lender in a statement said it will open 50 branches for the main bank and 16 for China Bank Savings, its thrift bank unit.
The lender opened 47 new branches in 2015, including 38 China Bank and nine China Bank Savings branches.
Set up in 1920, China Banking offers banking services to retail, corporate, as well as commercial customers.
The bank currently operates with 517 branches across the nation, which includes 352 China Bank and 165 China Bank Savings (including Plantersbank) branches.