Citystate Savings Bank, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 06:15 am IST
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Citystate Savings Bank, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was PHP 55.82 million compared to PHP 57.24 million a year ago. Net income was PHP 7.46 million compared to net loss of PHP 15.4 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to basic loss per share from continuing operations of PHP 0.1 a year ago.
For the nine months, net interest income was PHP 172.96 million compared to PHP 190.32 million a year ago. Net income was PHP 2.16 million compared to net loss of PHP 7.53 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to basic loss 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. 
