City Savings Bank, Inc. (CitySavings), the thrift banking arm of Union Bank of the Philippines (UnionBank), has merged with Philippine Resources Savings Banking Corporation (PR Savings Bank), with CitySavings as the surviving entity.

Banking and Financial Services

CitySavings merges with PR Savings Bank

CitySavings, the thrift banking arm of UnionBank, has merged with Philippine Resources Savings Banking Corporation (PR Savings Bank), in support of the Bangko Sentral ng Pilipinas’ (BSP) efforts to improve financial inclusion in the country and strengthen the banking industry through mergers and consolidation.

Red Cross header

ABC Stories

It runs in the blood

Giving back to the community in whatever way possible has always been in the DNA of A-People, and that includes donating blood. Aboitiz partnered with Philippine Red Cross for a bloodletting activity at the Taguig Corporate Center to contribute to the national blood requirement and help save more lives.

People & Culture

Young and in Luv

AboitizPower’s Chief Financial Officer, Liza Luv Montelibano, decided at a young age that her true passion lies in finance. Her career story reflects her sheer determination, independence, and an indomitable passion for learning.


Is it safe to fly in bad weather?

Technological advances in the past century have really made flying a preferred a way to travel long distances — whether it be day or night, even in rain or sunshine. But have you ever experienced a really rough ride, one that, maybe, made you stop and wonder, is it really safe to fly in poor weather?

Corporate Center

AEV net income up 3% in 2018

AEV posted a 3% increase in its net income for the full year 2018 to PHP22.2 billion from PHP21.6 billion in 2017 — with the power business unit remaining the biggest income contributor, accounting for 73%, while banking and financial services, food, land, and infrastructure BUs pitched in 16%, 7%, 3%, and 1%, respectively.