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Central Bank of the Philippines
» Citystate Savings Bank |
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Citystate Savings Bank was
granted the license to operate as a thrift bank by the
Bangko Sentral ng Pilipinas (BSP) on August 7, 1997 and formally opened
its banking doors to the public on August 8, 1997 with its first branch in
Chino Roces Avenue, Makati City forging a solid partnership between a team
of Filipino businessmen and a prominent Singaporean investment holding
company. At present, the Bank's principal and administrative offices are
located at Citystate Centre Building along Shaw Boulevard in Pasig City,
Metro Manila.
Presently, Citystate Savings Bank has 24 branches in key cities and
municipalities strategically located within Metro Manila and provincial
areas; nineteen (19) in Metro Manila and four (4) provincial branches in
Meycauyan, Baliuag, Plaridel and Cebu. This is part of the bank’s commitment
to pursue an aggressive branch expansion to open 38 to 50 branches within
the next three (3) years to cater to small and medium enterprises.
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To complement this expansion
program, the bank pursued an aggressive ATM rollout program significantly in
places with high pedestrian traffic inside malls and nearby transport
terminals. In the midst of the growing economy Citystate Savings Bank was
formally listed at the Philippine Stock Exchange on January 2, 2002. |
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Citystate Savings Bank
Category : Thrift Banks
SWIFT Code :
Address :
Citystate Centre Building
709 Shaw Boulevard Brgy Oranbo
1600 Pasig City, Manila
Philippines
Telephone : (63) 2 470-3333
Website : www.citystatesavings.com |
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This resulted to even greater heights as the
performance of the bank increased dramatically with definite plans of
expansion in terms of setting up more branches complemented with the
development of new products and enhanced services. As a result, in October
2005, Citystate successfully ventured into a stock rights offer of P22
Million common shares which increased its capitalization to P670 Million
from P450 Million.
In November 2006, Citystate Bank obtained its
Trust and Foreign Currency Deposit license from the
Bangko Sentral ng Pilipinas (BSP) to accept dollar and other foreign
currency denominated deposits and manages funds, securities, and
properties for the benefit and advantage of the clients.
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