Citystate Savings Bank, Inc.
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    Citystate Savings Bank, Inc.
    (15 reviews)
    Write a review
    Write a review

    Company Profile

    Company overview

    Website

    Citystate Savings Bank, Inc.

    Industry

    Banking & Credit

    Company size

    101-1,000

    Primary location

    2nd Flr Citystate Centre Building, 709 Shaw Boulevard, Pasig City
    The Right Size for YouAssuring the Filipino of financial stability and educating the people in the principles of wise saving and investment is the corporate goal of Citystate Savings Bank.It aims to provide financial support for businesses to maximize their full potential for growth. Citystate Savings Bank believes that in business, it does not matter how small an enterprise is, but how big it can become. It offers products and services attuned to the financial needs of clients, big or small.Citystate Savings Bank was registered with the Securities and Exchange Commission (SEC) on May 20, 1997. It was licensed to operate as a thrift bank by the Bangko Sentral ng Pilipinas (BSP) on August 7, 1997. The bank was publicly listed in the Philippine Stock Exchange (PSE) in January 2002.Citystate Savings Bank established its first branch on Chino Roces Avenue, corner De La Rosa Street , Makati City on August 8, 1997, forging a solid partnership between a team of Filipino businessmen belonging to the Fortune Insurance Group and a prominent Singaporean investment holding company, the Citystate Management Group Holdings Pte Ltd of Singapore. Fortune Insurance Group is composed of Fortune Life Insurance Company, Fortune General Insurance Corporation, and Fortune Medicare, Inc., or FortuneCare, a managed care organization.At present, Citystate Savings Bank has a network of 25 branches strategically located within Metro Manila and provincial areas: 21 in Metro Manila and four provincial branches in Meycauayan, Baliuag, Plaridel and Cebu.The bank is embarking on an active ATM rollout program in places with high pedestrian traffic, such as malls and nearby transport terminals. This allows more clients to experience maximum convenience through its premium products and services. In March 2004, Citystate Savings Bank obtained approval from the Bangko Sentral to engage in quasi-banking services. As such, the bank can issue various debt instruments and develop new products and loan programs.In July 2005, Citystate Bank was accredited by the Bureau of Treasury (BTr) as government securities eligible dealer (GSED). With the license, Citystate can participate in electronic auction of government securities with other banks and non-bank financial institutions through the Automated Debt Auction Process System (ADAPS).In October 2005, Citystate successfully ventured into a stock rights offer of P22 Million common shares with a P10.00 par value per share. With the stock rights offer, the bank increased its capitalization to P670 Million from P450 Million.In November 2006, Citystate Savings Bank was granted a license to operate Foreign Currency Deposit Unit (FCDU) and Trust operation by the BSP. This authorizes the bank to accept US dollar deposits and manage funds, securities and properties for the benefit of its clients.Through the years, Citystate Savings Bank has won recognition from prestigious awards-giving bodies, including the 2004 Most Outstanding Savings Bank Award by the Philippine Marketing Excellence Awards Committee; 2003 - 2005 Top Savings Bank by the National Consumers Affairs Foundation; 2004 - 2005 Most Outstanding Savings Bank by the Consumers Union of the Philippines; 2005 Top Savings Bank by the Brand Champions Governing Council; 2002 Highest ATM Transaction Approval and 2005 and 2009 Highest Host Availability Rate Award by Bancnet.

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    Reviews overview

    3.515 ratings in total
    5
    3
    4
    4
    3
    6
    2
    1
    1
    1
    80%
    Rate salary as high or average
    73%
    Employees recommend this employer to friends

    What’s it like working at Citystate Savings Bank, Inc.?

    AI summary of recent reviews

    Employees at Citystate Savings Bank appreciate the collaborative team environment, sufficient training opportunities, positive workplace culture where great friendships are formed, good management with knowledgeable supervisors, and opportunities for career growth. However, some potential challenges include feelings that compensation and benefits could be improved, the physical demands of sitting for long periods, a high workload in busier branches, and the interpersonal challenges of dealing with different personalities in a corporate environment.

    Recent reviews

    3.0
    Bank teller
    Jan 2023
    Pasig City Metro Manila1 to 2 years in the role, former employee
    • Teller duties consist of maintaining proper cash limits, cashing checks, accepting deposits, issuing cashier’s checks, cash advances, wire transfers, transfer of funds, and paying/ receiving large amounts of currency/ coin. • New Accounts duties opening and closing accounts, cross-selling and consultative sales of financial products, and maintaining up-to-date knowledge of banking services and products.
    The good thingsi really enjoy interacting with different customers and I particularly enjoyed working in a team environment and learned a lot by collaborating them.
    The challengesOnly basic problem for example back ache, we all have to work by sitting all the day.
    4.0
    Loans processor
    Oct 2022
    Its not like as good as other banks specially on systems that used and benefits.
    The good thingsThe management is good. Your immediate supervisor is very knowledgeable in their work. All my workmate & supervisor are very hardworking.
    The challengesThe benefits and salary is not fit on how i work that i supposedly done.
    5.0
    Service head
    Sep 2020
    Pasig City Metro Manila11 to 12 years in the role, former employee
    Harmonious working environment of superiors and subordinates.
    The good thingsCitystate Savings Bank's several sponsored trainings for the bank's officers and employees are sufficient enough and are effectively utilized by the employees for the efficient work environment and the best delivery of services to the bank's clientele.
    The challengesUnsatisfactory salaries and financial /economic benefits for the bank's officers & employees
    Ratings for Citystate Savings Bank, Inc. are shared as-is from employees in line with our community guidelines
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