Union Bank of the Philippines (UnionBank) subsidiary City Savings Bank (CitySavings) recently hosted Motor Mo’to Dealers’ Night 2022, a celebratory event to honor its exceptional growth to become one of the largest motorcycle loan lenders in the country.
As one of the largest thrift banks in the country, the CitySavings provides Filipinos easy access to financial assistance, as well as a broad range of simple yet effective banking solutions. The Bank is also poised to become the Philippines’ leading digital mass market bank.
The organization kicked off its motorcycle lending business in 2019 after successfully merging with the Philippine Resources Savings Banking Corporation (PR Savings Bank). The years that followed showed CitySavings’ significant growth in this industry.
At the height of the pandemic, CitySavings recognized that there was a huge demand for motorcycles as a more convenient and affordable form of transportation. The Bank responded to this need by offering a 0 percent interest installment product on pre-loved motorcycle units exclusively for education and medical frontliners. CitySavings also established the “Motor Mo’to” program, partnering with numerous motorcycle dealers across the country and enabling riders to have easy access to units through affordable loans and flexible payment options. Additionally, the Bank began its e-trike program during the height of the pandemic, providing traditional tricycle drivers with a more lucrative and sustainable livelihood.
As a result, CitySavings is now one of the most competitive lenders for motorcycle loans in the Philippines.
