City Savings Bank Inc (Philippines)

City Savings Bank, Inc. (CitySavings) is a Philippine thrift bank focused on mass-market lending and deposit services, and is a subsidiary of Union Bank of the Philippines within the Aboitiz Group. Founded in 1965 and originally based in Cebu, the bank has evolved from a niche lender focused on teachers' salary loans into one of the country's largest thrift banks, with a nationwide branch and loan center network. CitySavings' core business revolves around simple and standardized loan products for public and private school teachers, government employees, uniformed personnel, and pensioners, including salary loans, pension loans, motorcycle loans, and other consumer finance products designed for people of moderate means. It also offers savings and checking accounts, time deposits, and basic digital banking services. The bank emphasizes streamlined processes, quick turnaround times, and accessible credit, supported by partnerships with government agencies and payroll institutions. In recent years, CitySavings has invested heavily in digital channels and process automation to support growth, including mobile and online platforms that complement its physical points of presence. Strategically, CitySavings positions itself as a leading mass-market bank with the philosophy “Simple is Good,” focusing on financial inclusion, disciplined credit risk management, and close integration with UnionBank's broader digital and innovation agenda, thereby aiming to expand responsibly in underserved and emerging customer segments across the Philippines.