Universal bank China Banking Corporation (China Bank) said that increasing automation and digitization will further propel its profit to record levels. China Bank ended 2021 stronger than ever on the back of sustained core business growth and effective cost management. The Bank posted a 25 percent increase in net income to P15.1 billion, which translated to an improved return on equity and return on assets of 13.6 percent and 1.5 percent, respectively. The growth in operating expenses was kept at four percent to P22.3 billion. “The sustained efforts to manage expenses while investing in growth strategies resulted in a better...