Citystate Savings Bank, Inc. (CSBank) said it has completed the deal with CS Capital Investment Pte. Ltd. (CS Capital), the Singapore-based firm that acquired 43.36 million shares—equivalent to a 26.3 percent stake in the Bank.
The move marks a strategic entry by CS Capital, signaling growing foreign investor confidence in the Philippine banking sector.
CSBank said it welcomes CS Capital as a new shareholder and expects to gain significantly from its global financial expertise and technological capabilities. CS Capital is backed by its parent firm, CSC Holdings Limited, a Hong Kong-listed company with a diversified portfolio of financial services and an established footprint in Asia’s top financial hub.
“This partnership opens the door for broader market access, digital innovation, and stronger institutional governance,” the Bank said in a statement.
Alongside the equity investment, CSBank also announced the election of two new directors: Dr. Or Ching Fai and Chow Man Wai, Tony—seasoned finance professionals with deep backgrounds in risk management and regulatory compliance. Their addition to the board is expected to further strengthen the Bank’s oversight and strategic direction.
The investment comes at a time when mid-sized banks are under pressure to scale digitally and compete with larger players. CS Capital’s entry could accelerate CSBank’s transformation into a more tech-enabled, risk-aware, and regionally connected institution—potentially positioning it for expansion or a broader role in the banking landscape.
More moves may follow as foreign investors seek resilient entry points into ASEAN financial markets.
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