Sun Savings in solid financial position amid pandemic

Source: SunStar

BALANCE SHEET (HEAD OFFICE AND BRANCHES)

Sun Savings Bank maintains growth in Q1

May 25, 2020 SUN Savings Bank maintained its steady pace of growth in the first quarter of 2020, compared to a year ago. Total assets continued to climb to P1.995 billion, representing an increase of 17 percent over the year ago level of P1.712 billion. The net loan portfolio reached a new high of P1.45 […]

Sun Savings to expand loan portfolio to MSMEs

The bank offers two percent interest per annum for savings accounts and up to five percent per annum tax free for five-year time deposits. SUN Savings Bank is eyeing to increase its loan portfolio for micro, small and medium enterprises (MSMEs) to about 25 percent in the next five years.   Sun Savings Bank president […]

Sun Savings Bank opens branch in Cebu Business Park

March 5, 2020 SUN Savings Bank is opening its newest branch inside Cebu Business Park (CBP). Located at the ground floor of Tower II, Solinea Resort Condominium on Cardinal Rosales Ave., in CBP, this new branch is the sixth banking office of Sun Savings in Cebu. With this new branch, the bank will be able […]

Sun Savings Bank posts strong growth

February 9, 2020 SUN Savings Bank’s growth continued to accelerate in 2019 as its total assets grew 34 percent and reached a new high of P2.08 billion at the end of the year from P1.55 billion in 2018. Net loans and receivables of P1.614 billion accounted for 78 percent of the bank’s assets. Meanwhile, the […]

Sun Savings Bank balance sheet

THRIFT BANKERS PAY COURTESY CALL ON BSP CHIEF

Sun Savings Bank strides forward

Sun Savings Bank strides forward SUN Savings Bank continued to generate high growth results as its total assets grew by 33 percent to P1.87 billion as of the end of the third quarter, compared to the year ago level of P1.4 billion. Total loans however, grew at a much faster rate of 50 percent and […]

BSP: Positive outlook for PH’s thrift banks

THE central bank sees a bullish outlook for the country’s thrift banks, a top official of the Bangko Sentral ng Pilipinas said. Deputy Governor Chuchi Fonacier, during the Chamber of Thrift Banks’ (CTB) general membership meeting on Nov. 12, said that promising growth of the banking industry, sustained lending activities, robust capital, and satisfactory quality […]

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