City Savings Bank (CitySavings), the thrift bank subsidiary of Aboitiz-led Union Bank of the Philippines (UnionBank), reaffirmed its commitment to supporting teachers and learners by signing a Memorandum of Agreement (MOA) with the Department of Education (DepEd) on February 17, 2025. This partnership advances CitySavings’ ongoing efforts to implement learning and teaching support programs aligned with DepEd’s 5-Point Agenda, addressing key issues in the education sector.
Continuing a Legacy of Service
During the MOA signing, CitySavings Chairperson and UnionBank President and CEO Ana Aboitiz-Delgado reflected on the bank’s beginnings:
“City Savings Bank was founded by my great-grandfather, Don Ramon Aboitiz, along with his trusted business partner, Teotimo Abellana, with a simple vision to serve people of moderate means. At Aboitiz, everything we do is anchored in our values and our greater purpose. We applaud DepEd’s commitment to improving the quality of education in our country, and CitySavings, along with the entire Aboitiz Group, remains equally committed to empowering teachers and learners to reach their full potential.”
A Trusted Partner in Education
CitySavings President and CEO Manuel Santiago, Jr. underscored the bank’s longstanding dedication to teachers:
“Over the years, we have remained focused on serving the needs of our beloved teachers, aiming to be their bank of choice. Since 2008, we have partnered with DepEd to deliver relevant, accessible, and sustainable corporate social responsibility programs.”
CitySavings also continues to advance digitalization in public schools by donating laptops to select DepEd divisions nationwide. This initiative supports the government’s efforts to enhance digital readiness and improve learning outcomes, ensuring that learners and schools are better prepared for assessments.
DepEd Recognizes CitySavings’ Contributions
DepEd Secretary Sonny Angara expressed his appreciation for CitySavings’ continued support:
“City Savings Bank has long been a trusted partner, not just in banking but also in nation-building. The ‘Tatak Aboitiz’ brand of care and integrity is deeply felt in the education sector, especially in strengthening our computerization programs.”
He also praised CitySavings’ other initiatives that uplift communities through financial inclusion:
“Through your financial literacy programs, affordable loans, and consistent support during National Teachers’ Month and other DepEd events, we have felt your commitment that goes beyond profit. You are driven not just by business, but by mission.”
CitySavings remains dedicated to empowering educators and learners, staying true to its mission of creating meaningful and lasting impact in the education sector.
