China Bank Savings opens 3 mini branches

MANILA, Philippines - China Bank Savings (CBS) has opened three new mini branches in Savemore market: CBS Jackman, CBS Nova Plaza, and CBS Avenida mini branches, bringing the savings bank’s Savemore in-store branches to seven – all open daily, from 10 a.m. to 7 p.m., providing greater convenience and accessibility to customers.

Savemore is a chain of neighborhood grocery stores under the SM Food Retail Group. Savemore outlets are located separate from SM malls to bring the SM shopping experience closer to where shoppers live and work. 

CBS Jackman is at the lower ground floor of Jackman Plaza in EDSA-Munoz, Quezon City; CBS Novaliches Plaza Mall is along Quirino Highway, corner Ramirez St., Novaliches Proper, Quezon City; and CBS Avenida is at 665 Rizal Ave., Jennet & Lord Theater, Sta. Cruz, Manila. 

With longer banking hours, highly accessible locations, complete range of services, full complement of e-banking facilities, and a truly “Madaling kausap” vibe, these mini branches are vital to the savings bank’s branch network expansion strategy.

“Our mini branches allow us to cut operating costs while remaining competitive and very accessible to customers,” Alberto Emilio Ramos, CBS president, said.

Earlier, CBS opened its first batch of mini branches in Savemore:  CBS Araneta Center COD, Anonas, Pedro Gil, and Nepa Q-Mart mini branches.

It also opened a mini branch at the Fil Oil Gas Station in Tanauan, Batangas.

CBS is looking at 16 full service mini branches this year, not just in Savemore, but also at select SM Hypermarket outlets. 

In the pipeline are mini branches in Taft-Masagana in Manila, Acacia Estates in Taguig City, Mezza in Sta. Mesa, Nagtahan in Manila, Camarin in Kalookan City, and Visayas Avenue in Quezon City (Savemore); and Adriatico in Manila and FTI in Taguig City (SM Hypermarket).

CBS is looking at a combined 73-branch network this year and to a hundred branches by 2014. At the start of the year, the thrift bank of China Banking Corp. (China Bank) operated a nationwide branch network of 46.