City Savings Bank (CitySavings), the thrift arm of Aboitiz-led Union Bank of the Philippines (UnionBank), has reaffirmed its commitment to support teachers and learners through a Memorandum of Agreement (MOA) with the Department of Education (DepEd) last February 17, 2025. The agreement strengthens its continuing partnership with the DepEd as CitySavings pursues learning and teaching support programs that align with the government agency’s current 5-Point Agenda, which proactively addresses relevant issues in the education sector.
“City Savings Bank was founded by my great grandfather, Don Ramon Aboitiz, together with his trusted business partner, Teotimo Abellana, with a simple vision back then to serve people of moderate means,” CitySavings Chairperson of the Board and UnionBank President and CEO Ana Aboitiz – Delgado recounted.
“At Aboitiz, everything we do is anchored in our values and our greater purpose. We applaud DepEd for its commitment to improving the quality of education in our country, and rest assured that we in CitySavings and the whole Aboitiz Group are equally committed to enabling teachers and learners to reach their full potential,” she added.
The bank’s donation of laptops to select DepEd divisions across the country aims to advance digitalization efforts and improve learning outcomes in public schools.
This initiative also seeks to support the government agency’s programs that ensure learners and schools are prepared for assessments.
DepEd Secretary Sonny Angara expressed his gratitude to the Bank’s active support.
“City Savings Bank has long been a trusted partner not just in banking, but in nation building. Ang inyong ‘Tatak Aboitiz’ namalasakit at integridad ay ramdam din saedukasyon, lalonglalonasapagpapaigting ng ating computerization program,” Angara said.
He also commended other CitySavings initiatives to elevating communities through financial inclusion.
“Through your financial literacy programs, affordable loans, as well as your support during National Teachers’ Month and other DepEd events, we have felt your commitment that goes beyond profit. Hindi lang negosyo, kundi misyon ang dala nyo”.
CitySavings is one of the largest thrift banks in the country, providing a wide range of mass market financial products and services, such as salary loans to public school teachers, pension loans to GSIS and SSS pensioners, motorcycle loans, government salary loans, AFP salary loans, AFP pension loans for retired pensioners and legal beneficiaries, BFP salary loans, savings, checking, and time deposit products.
Today, CitySavings has more than 140 branches nationwide. It is well on its way to becoming the leading mass market bank in the Philippines, paving the way for inclusive and sustainable prosperity across the country.
