MANILA, Philippines - China Banking Corp. (China Bank) has opened a branch in Davao-Toril and its savings bank arm, ChinaBank Savings did the same in Valenzuela. China Bank is determined to reach its target of 400 branches by 2014. China Bank Davao-Toril branch is located at McArthur Highway corner St. Peter Street, Crossing Bayabas, Toril, Davao City. The target is to open at least 20 branches in 2011. Davao-Toril branch is the first China Bank branch opened for the year and its eighth branch in Davao. ChinaBank Savings Valenzuela branch is situated at 385 McArthur Highway, Malinta, Valenzuela. This is the savings bank’s 18th branch nationwide and the second branch to open of the 10 new branches slated for the year.