CitySavings celebrates growth as leading motorcycle lender in Phl
DRIVEN TO SUCCEED. CitySavings, the thrift subsidiary of UnionBank, celebrated its exceptional growth in the motorcycle loans market at the Motor Mo’to Dealers’ Night 2022 on 23 September, at Revel- The Palace, Bonifacio Global City, Taguig. In photo (from left to right) CitySavings EVP - Motorcycle Loans Business Head Ret. Adm. Feliciano “Felix” Angue, CitySavings President and CEO Lorenzo “Larry” Ocampo, UnionBank President and CEO and CitySavings Vice Chairman Edwin Bautista, CitySavings SEVP - Chief Operating Officer Manuel "Chut" Santiago, Jr., and CitySavings Board of Directors Jose Julio and Maria Noemi Azura toast to mark this momentous occasion.
Union Bank of the Philippines subsidiary City Savings Bank hosted Motor Mo'to Dealers' Night 2022 on 23 September at Revel at The Palace, Bonifacio Global City, Taguig.
The celebratory event honors its exceptional growth to become one of the largest motorcycle loan lenders in the country.
Leading the CitySavings Team were UnionBank President and CEO and CitySavings Vice Chairman Edwin Bautista, Board of Directors Jose Julio and Maria Noemi Azura, President and CEO Lorenzo "Larry" Ocampo, SEVP – Chief Operating Officer Manuel "Chut" Santiago, Jr., EVP – Motorcycle Loans Business Head Ret. Adm. Feliciano "Felix" Angue, SVP – Marketing Head Paula Katerina Joson, VP – Dealer and Internal Stakeholder Management Head for Motorcycle Business Ruelito Aquino and VP – Institutional and Retail Sales Head for Motorcycle Business Eric Valdez.
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.
READY FOR RIDES. Motorcycle Dealer Partners celebrate success and camaraderie with CitySavings at the Motor Mo'to Dealers' Night 2022.
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% 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.
