Yuanta Savings Bank Philippines, Inc. (the Bank) was formerly known as Tongyang Savings Bank, Inc. It was formally registered in the Securities and Exchange Commission (SEC) on August 1,1997 and was granted its thrift bank license by the Bangko Sentral ng Pilipinas on October 24, 1997. The Bank started its commercial operations on November 5, 1997. On July 18, 2016, the SEC approved the change of its name from Tongyang Savings Bank, Inc. to Yuanta Savings Bank Philippines, Inc.On August 5, 2015, Yuanta Savings Bank becomes a wholly owned subsidiary of Yuanta Commercial Bank in Taiwan, a company under the umbrella of Yuanta Financial Holdings due to its acquisition of the 100% equity shares of the Bank from Yuanta Securities Korea Co., Ltd (formerly: TONGYANG Securities, Inc.)The Bank was accredited by the Philippine Retirement Authority as one of its Partner Banks in its Special Resident Retiree Visa Program. The Bank renewed its PRA accreditation on an annual basis.To further expand its banking operations, the Bangko Sentral ng Pilipinas granted the Bank its Foreign Currency Deposit Unit (FCDU) License on June 14, 2007 giving the Bank the authority to accept foreign currency deposits. On May 9, 2008, the Bank opened its first branch strategically located in the Madrigal Business Park, Alabang, Muntinlupa City. Subsequently on May 16, 2011, the Bank opened its second branch in Ortigas Center, Pasig City.OUR VISIONWe will grow with our customers and create prestige and high value, servicing the markets which are fast-growing and where we can take a leadership position.We will create an environment of hardworking, competent, highly motivated and honest individuals by providing excellent career opportunities and professional development.We are committed to maximizing shareholder value and to fulfilling our social responsibility.OUR MISSIONTo be a dominant thrift bank and to create value for our clients, employees and shareholders by:Ensuring fast-track delivery of quality service; Focusing on fast-growing markets where we can take leadership; andProviding opportunities for career development.
Yuanta Savings Bank Philippines, Inc. (the Bank) was formerly known as Tongyang Savings Bank, Inc. It was formally registered in the Securities and Exchange Commission (SEC) on August 1,1997 and was granted its thrift bank license by the Bangko Sentral ng Pilipinas on October 24, 1997. The Bank started its commercial operations on November 5, 1997. On July 18, 2016, the SEC approved the change of its name from Tongyang Savings Bank, Inc. to Yuanta Savings Bank Philippines, Inc.On August 5, 2015, Yuanta Savings Bank becomes a wholly owned subsidiary of Yuanta Commercial Bank in Taiwan, a company under the umbrella of Yuanta Financial Holdings due to its acquisition of the 100% equity shares of the Bank from Yuanta Securities Korea Co., Ltd (formerly: TONGYANG Securities, Inc.)The Bank was accredited by the Philippine Retirement Authority as one of its Partner Banks in its Special Resident Retiree Visa Program. The Bank renewed its PRA accreditation on an annual basis.To further expand its banking operations, the Bangko Sentral ng Pilipinas granted the Bank its Foreign Currency Deposit Unit (FCDU) License on June 14, 2007 giving the Bank the authority to accept foreign currency deposits. On May 9, 2008, the Bank opened its first branch strategically located in the Madrigal Business Park, Alabang, Muntinlupa City. Subsequently on May 16, 2011, the Bank opened its second branch in Ortigas Center, Pasig City.OUR VISIONWe will grow with our customers and create prestige and high value, servicing the markets which are fast-growing and where we can take a leadership position.We will create an environment of hardworking, competent, highly motivated and honest individuals by providing excellent career opportunities and professional development.We are committed to maximizing shareholder value and to fulfilling our social responsibility.OUR MISSIONTo be a dominant thrift bank and to create value for our clients, employees and shareholders by:Ensuring fast-track delivery of quality service; Focusing on fast-growing markets where we can take leadership; andProviding opportunities for career development.
Yuanta Savings Bank Philippines, Inc. (the Bank) was formerly known as Tongyang Savings Bank, Inc. It was formally registered in the Securities and Exchange Commission (SEC) on August 1,1997 and was granted its thrift bank license by the Bangko Sentral ng Pilipinas on October 24, 1997. The Bank started its commercial operations on November 5, 1997. On July 18, 2016, the SEC approved the change of its name from Tongyang Savings Bank, Inc. to Yuanta Savings Bank Philippines, Inc.On August 5, 2015, Yuanta Savings Bank becomes a wholly owned subsidiary of Yuanta Commercial Bank in Taiwan, a company under the umbrella of Yuanta Financial Holdings due to its acquisition of the 100% equity shares of the Bank from Yuanta Securities Korea Co., Ltd (formerly: TONGYANG Securities, Inc.)The Bank was accredited by the Philippine Retirement Authority as one of its Partner Banks in its Special Resident Retiree Visa Program. The Bank renewed its PRA accreditation on an annual basis.To further expand its banking operations, the Bangko Sentral ng Pilipinas granted the Bank its Foreign Currency Deposit Unit (FCDU) License on June 14, 2007 giving the Bank the authority to accept foreign currency deposits. On May 9, 2008, the Bank opened its first branch strategically located in the Madrigal Business Park, Alabang, Muntinlupa City. Subsequently on May 16, 2011, the Bank opened its second branch in Ortigas Center, Pasig City.OUR VISIONWe will grow with our customers and create prestige and high value, servicing the markets which are fast-growing and where we can take a leadership position.We will create an environment of hardworking, competent, highly motivated and honest individuals by providing excellent career opportunities and professional development.We are committed to maximizing shareholder value and to fulfilling our social responsibility.OUR MISSIONTo be a dominant thrift bank and to create value for our clients, employees and shareholders by:Ensuring fast-track delivery of quality service; Focusing on fast-growing markets where we can take leadership; andProviding opportunities for career development.