CitySavings wins int’l recognition as PH’s fastest growing savings bank

CEBU CITY -- City Savings Bank, 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.

“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.  We commend the amount of dedication and commitment made by the staff and its leaders.” International Business Magazine Editor Ujal Nair said.

The Dubai, UAE-based publication recognized CitySavings for its excellent performance and drive for growth amid business challenges. Nair noted that the Bank’s latest financial report gave the publication a clear picture of this year’s winner among all the nominated banks.

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

According to CitySavings President and CEO Lorenzo Ocampo, it is an honor to receive this award from the International Business Magazine, validating its continuous effort to grow and become the leading mass market bank in the Philippines.

“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,” Ocampo added.

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 across the globe, from the Middle East and Africa to the Americas, Asia, and Europe.