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.