City Savings Bank believes that as a “jumpstart for the students’ future, they should “begin the value of savings for as low as P50.”
Minimum
For a minimum savings of P50, a student can already open an account with City Savings Bank.
Students below seven years old need to be accompanied by their parents and guardians who will act as co-depositor of the student’s account.
During the program launching, KM5ES was represented by its principal Fe Pimentel and Elsa Imam, who challenged the students to save for their future.
Capital
City Savings Bank was represented by its branch head Clifford Jose Roa and marketing specialist Je-rome Galolo.
An Aboitiz company, City Savings Bank has a paid up capital of over P150 million and total resources of over P 2 billion.
It also has one of the best operating efficiencies in the thrift banking industry, lowest non-performing loans and highest capitalization levels, the bank said in a statement.
Aside from its Cagayan de Oro Branch, it has four full branches and one extension office in Cebu province.
Other branches and extension offices are located in the cities of Ormoc, Calbayog, Taclo-ban, Iloilo, Bacolod, Tanjay, Tagbilaran, Ubay, Davao and Roxas..
The bank’s branch expansion is expected to continue in 2007. (Sunnex/PR)
