City Savings Bank Recognized as One of the Philippines’ Top Growth Companies

City Savings Bank (CitySavings) is solidifying its position as the premier mass market bank in the nation by being recognized as one of the 2024 Philippines’ Growth Champions. This prestigious accolade, unveiled by the Philippine Daily Inquirer in collaboration with international market research firm Statista, celebrates companies that have shown exceptional growth and resilience in a challenging business environment.

Ranked 19th among the top 30 companies across diverse industries, CitySavings, the thrift arm of Union Bank of the Philippines (UnionBank), has demonstrated remarkable revenue growth from 2019 to 2022. This achievement underscores the bank’s proactive dedication to providing swift, convenient services that enhance the banking experience for the mass market.

CitySavings has embraced digital and mobile technologies to expand its reach beyond traditional banking methods. Innovations like the Messenger chatbot, Talk to Maria, offer round-the-clock inquiry services and streamline loan applications. The CitySavings Mobile app empowers teacher-clients to apply for loans and monitor their application status anytime, anywhere. Additionally, the Bank-on-Wheels (BOW) kiosk, in partnership with UnionBank, brings banking services closer to communities.

Lorenzo Ocampo, CitySavings’ Chief Executive Officer, commends the bank’s inclusion as a Growth Champion and pledges to grow alongside its clients. He acknowledges the dedication of CitySavings’ team in delivering top-notch service and expresses gratitude to both staff and clients for shaping the bank’s success.

CitySavings President Manuel Santiago, Jr., emphasizes the company’s service-oriented approach and commitment to leveraging technology for superior customer service. He is confident that their strategic transformation in banking practices will not only meet but surpass the needs of the mass market segment now and in the future.

The collaboration between The Philippine Daily Inquirer and Statista aims to inspire other Filipino companies to pursue similar growth trajectories, contributing significantly to the country’s economic progress.