CEBU CITY – City Savings Bank, Inc. (CitySavings), a thrift bank subsidiary of Union Bank of the Philippines (UnionBank) received recognition from the Bureau of Internal Revenue Large Taxpayers Division (BIR LTD)-Cebu as Cebu’s top tax contributor for CY 2022 during BIR’s 21st anniversary on March 3 at the BIR office.
"With or without recognition, CitySavings will continue to be a good corporate citizen, adhere to good governance practices, and give back to the community we are serving, guided by our core values of integrity, magis, and ubuntu,” CitySavings VP-Financial and Regulatory Reporting, Insurance, and Tax Head, Solomon Tio said and received the award in behalf of the bank.
In his message, Tio said that the tough times are not yet over, as the bank is still reeling from the adverse impacts of COVID-19 but, he is confident that the taxes the bank pays will translate to an even faster and more inclusive economic growth and recovery.
The government through the BIR recognizes top taxpayers in the country, including CitySavings for their invaluable contribution
to the country’s economic development efforts.
CitySavings is one of the largest thrift banks
in the country, providing a wide range of mass market financial products and
services, such as salary loans to public and private school teachers, pension
loans to GSIS and SSS pensioners, motorcycle loans, company employee loans,
government salary loans, and traditional deposits.
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