CitySavings, DAR sign government employee loan agreement

by The Manila Times

Nov 07, 2022 12:10 am

CITY Savings Bank (CitySavings), the thrift bank subsidiary of Union Bank of the Philippines (UnionBank) and a proud member of the Aboitiz Group, signed a memorandum of agreement (MoA) with the Department of Agrarian Reform (DAR), enabling the bank to offer a salary loan facility to DAR employees nationwide.

This was held together with the memorandum of understanding (MoU) signing between DAR and Pilmico, another Aboitiz company at the Aboitiz head office, NAC Tower, Bonifacio Global City, Taguig last Oct. 14, 2022.

CitySavings Bank President and CEO Lorenzo Ocampo (2nd from left) and Department of Agrarian Reform (DAR) Secretary Conrado Estrella 3rd (2nd from right) show the signed memorandum of agreement between the parties that officially kickstarts the government employee loan program for DAR. Together with them are CitySavings FVP-Salary Loans Business Head Julian Aboitiz (left) and DAR Undersecretary for Foreign Assisted and Special Projects Office Jesry Palmares. CONTRIBUTED PHOTO

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