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| Aboitiz investments in banking are UnionBank of the Philippines, one of the world's soundest banks and City Savings Bank, a thrift bank for the working class. |
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UnionBank of the Philippines
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Top five among competing Philippine banks in key financials: No. 3 in net profit, No. 1 in return on assets, No. 3 in cost-to-income ratio, No. 2 in return on equity, and number 5 in market capitalization |
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The acknowledged leader and pioneer in e-banking in the country. One of the top five corporations in e-commerce strategy in the Philippines in 2001, as cited by Finance Asia |
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Best Retail Bank in the Philippines, in the Asian Banker Excellence in Retail Banking Award for 2001 |
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One of the world's 25 soundest banks for four years in a row (1998-2001), in the annual ranking of the Banker magazine published in London |
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Its financial portal and internet banking gateway, www.unionbankph.com, won three major awards in the 2001 Philippine Web Awards |
www.unionbankph.com
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City Savings Bank
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A thrift bank that has gained widespread public acceptance as a trusted bank for the masses. |
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16 branches all over the Visayas and Mindanao specifically in the cities of Cebu, Balamban, Bogo, Tagbilaran, Ubay, Tanjay, Bacolod, Iloilo, Roxas, Davao, Cagayan, Ormoc, Calbayog and Tacloban. |
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Soon to open its 17th branch in Tagum City. |
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Has one of the best operating efficiencies in the thrift banking industry, lowest non-performing loans and highest capitalization levels |
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Has over 59,000 depositors and over 49,000 borrowers
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Their deposits products comprises of the Regular Savings Account which allows minimum deposits for as low as P 100 and the Kaugma-on Savings. Also offer time deposits for a one to five year term. Its time deposit products guarantees very competitive interest rates which aims to give the depositors a good return on their investments.
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Loan products includes the salary loans for teachers and private individuals, real estate mortgage or housing loans, loans vs savings and time, car loans and business loans. |
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Founded in 1966, the bank is now over 40 years in operations |
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