CitySavings recognized as the Fastest Growing Savings Bank in the Philippines

CitySavings recognized as the Fastest Growing Savings Bank in the Philippines

City Savings Bank (CitySavings), the thrift arm of Union Bank of the Philippines (UnionBank), wins another international recognition as the Philippines’ Fastest Growing Savings Bank at the 2022 International Business Magazine Awards.

The Dubai-based publication recognized CitySavings for its excellent performance and drive for growth amidst business challenges.

City Savings Bank from the Philippines is one of those few global banking brands that have clocked in a promising figure in their financial sheets after taking on the full onslaught of the pandemic and the subsequent economic distress,” remarked International Business Magazine Editor Ujal Nair.

CitySaving’s latest financial report gave the publication a clear picture of this year’s winner among all the nominated banks. Nair noted, “We commend the amount of dedication and commitment made by the staff and its leaders.”

Fresh from its corporate DNA refresh, CitySavings has been rapidly expanding its loan portfolio beyond its traditional client base for teachers’ salary loans.

“We are honored to receive this award from the International Business Magazine. This validates our continuous effort to grow CitySavings and become the leading mass market bank in the Philippines,” shared CitySavings President and CEO Lorenzo Ocampo.

“We thank our dear clients for the trust and support they have given. I also congratulate our team members and team leaders for upholding our values of integrity, magis, and ubuntu.”

The International Business Magazine Awards was established in 2018 to honor the best in class achievements of global leaders and organizations in the international business and finance arena. #

Other News

Aboitiz leads tech-up MSMEs webinar for local United Nations private sector network

Micro, small, and medium enterprises (MSMEs) are the backbone of the Philippine economy, providing livelihood for millions and making the most significant impact on the overall welfare of the Filipino people. With the volatile business environment, supporting MSMEs to remain competitive and future-ready is crucial....

LIMA Water expands services to include septage treatment

Committed to accelerating change to solve the water and sanitation crisis, LIMA Water, Aboitiz InfraCapital's water unit that oversees the water and wastewater services operations of LIMA Estate in Batangas, is set to launch its septage treatment services for neighboring cities and municipalities in the...