China Bank Savings OG Road San Fernando

Humble beginnings

China Bank Savings’ roots can be traced to China Banking Corporation’s acquisition of Manila Bank in 2007. The newly established thrift bank first focused on deposits, consumer loans and trust services. From a lone branch in Ayala Avenue, China Bank Savings was able to branch out to six locations in just one year.

The expansion allowed them to double their assets by 55.6% in 2009 and introduce three new products – the Easi-Earn High Five, a five-year time deposit account that earns interest tax free; Easi-Save for Kids for little savers aged 12; and the Easi-Checking Diary, a checking account with a passbook for easier monitoring.

In 2010, China Bank Savings opened ten more branches, which increased the deposit level by 38 percent. Also launched were Easi-Drivin’ Auto Loan and Easi – Save Basic, a unique ATM service that lets clients instantly get their ATM cards as soon as they open an account with zero initial and maintaining balance. The number of account holders increased by 93% and deposits by a record high of 99 percent.

The Easi – Drivin Auto Loan drove a 103% increase in assets and 135% boost in auto loans bookings. An additional nine more branches were also opened in the same year.

Madaling Kausap

Today, China Bank Savings lives up to its promise of being Madaling Kausap by providing diverse products and services to the consumer market. It is set to launch new solutions like personal loans, SME cash management services, and entry – level trust offerings.

To better serve Filipino smart savers and strengthen its channels nationwide, the bank will be rolling out a series of branch openings in the next few years. Additional CBS Online services through the redesigned and reenergized www.cbs.com.ph that will provide existing and potential clients even more convenience and security are also set to be launched soon. One such forthcoming feature is an online loan application.

China Bank Savings guarantees that banking does not stop at getting your ATM, loan or passbook. CBS will be the kind of bank that understands every client’s needs then tailors the right solutions to them. China Bank Savings is committed to helping Filipino consumers and entrepreneurs achieve the prosperity that they need and deserve.