The bank of the Aboitiz family earned another recognition.
CITY Savings Bank Inc. was named Most Innovative Savings Bank-Philippines at the International Finance Awards 2022. International Finance is a renowned global business and finance periodical that recognized CitySavings for its upfront banking and easy and user-friendly services. The award-giving body recognized CitySavings Bank’s simple solutions to banking needs through its chatbot, among others.
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EastWest VP Isabelle Gotianun Yap among World Economic Forum’s Young Global Leaders Class of 2023 
EastWest Bank profit jumps 42% on strong consumer lending 
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Bangko Sentral ng Pilipinas Governor Felipe M. Medalla has provided assurances to Malacanang that the domestic banking system remains resilient against any potential shocks caused by the recent US bank failures.
Analysts anticipate that the Bangko Sentral ng Pilipinas (BSP) will increase the benchmark borrowing rate by 25 basis points (bps) this Thursday, March 23, raising the policy rate to 6.25 percent.
The Bangko Sentral ng Pilipinas (BSP) reported a net income of P83.82 billion in 2022, up by 141.4 percent compared to the previous year.
The banking arm of the Gotianun family, EastWest Bank, grew its net income by 42 percent to ₱4.6 billion in 2022, mainly due to the bank’s strong performance in consumer lending.
Company officials also said that the target can be reached despite the BSP’s continued tightening.
Isabelle Gotianun Yap is the Philippines’ lone representative in this year’s class.
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