Citystate Savings Bank, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 08:56 am IST
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Citystate Savings Bank, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was PHP 61.1 million compared to PHP 58.4 million a year ago. Net loss was PHP 7.1 million compared to PHP 6.57 million a year ago. Basic loss per share from continuing operations was PHP 0.05 compared to PHP 0.04 a year ago.
For the six months, net interest income was PHP 117.14 million compared to PHP 133.08 million a year ago. Net loss was PHP 5.3 million compared to net income of PHP 7.86 million a year ago. Basic loss per share from continuing operations was PHP 0.04 compared to basic earnings per share from continuing operations of PHP 0.05 a year ago.
Citystate Savings Bank, Inc. (the Bank) is a Philippines-based thrift bank. The Bank offers a range of banking services, such as deposit products and services, cash management, onsite/offsite automated teller machine facilities, corporate and retail banking, and treasury services. The Bank caters to the needs of corporate, middle market and retail clients. In its credit and financing business, the Bank provides a venue for consumer/personal loans by accepting jewelry for instant cash loans, aside from its own lending activities of servicing commercial loans, real estate and development loans, auto loan financing, salary loans agricultural loans and a host of other financial services. The Bankâs distribution network is carried out through its network of 30 branches/offices comprised of 20 in Metro Manila, three in Bulacan, one in Dagupan, one in Batangas, one in Urdaneta, Pangasinan, one in Cebu City, one in Puerto Princesa City, Palawan and one in Sta. Rosa City, Laguna.
CITYSTATE SAVINGS BANK, INC. 
