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October 01, 2023

CBS China Bank Savings pledges to restore watersheds in commitment to climate change mitigation

China Bank Savings Inc. (CBS), the retail banking arm of China Banking Corp., has pledged to contribute to the restoration of watersheds in communities where it operates.

Bankero and CBS President James Christian T. Dee emphasized the bank’s commitment to addressing the challenges posed by severe weather events.

As an initial commitment to nationwide forest conservation and restoration, CBS employees will plant 750 tree saplings in Quezon City’s La Mesa Watershed on July 15.

The initiative aims to mitigate the effects of climate change and extreme weather events, which have adversely affected the bank’s branches and customers over the years.


BSP disqualifies unregistered money service business

The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.

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