Yuanta Savings Bank Philippines

What Yuanta Savings Bank Philippines does

Yuanta Savings Bank Philippines, Inc. is a Bangko Sentral ng Pilipinas-regulated thrift bank headquartered at Chatham House, Salcedo Village, Makati City. Founded in 1997 (originally as TONGYANG Savings Bank, Inc.), it became a wholly owned subsidiary of Yuanta Commercial Bank Co. Ltd. (Taiwan) in August 2015 following a 100% equity acquisition from Yuanta Securities Korea, and was rebranded under the Yuanta name in July 2016. It operates a single branch after closing its Alabang and Pasig branches in 2020, serving Filipino retail customers and corporate clients with peso and dollar deposit products, housing, personal secured and corporate loans, payroll services, ATM (BancNet member), overseas and local remittance, and USD-Peso foreign exchange; it also holds a Foreign Currency Deposit Unit (FCDU) license since 2007 enabling foreign currency deposits.

Name

Yuanta Savings Bank Philippines

Legal name

Yuanta Savings Bank Philippines, Inc.

Website

https://yuanta.com.ph

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Yuanta Savings Bank Philippines, Inc. is a BSP-regulated thrift bank in Makati City, wholly owned by Yuanta Commercial Bank (Taiwan). It serves retail and corporate customers with peso and dollar deposits, housing and personal secured loans, remittance, payroll, and FX services through a single branch.

Ownership category

akta.pro rank

Product category

Retail Banking (Thrift Bank)

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036), Functions Related To Depository Banking, Nec (6099), Personal Credit Institutions (6141)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Thrift banking deposits
• Personal and housing loans
• Remittance services
• Corporate banking loans

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income from Loans: The bank earns interest income from housing loans (up to 25 years term, 90% of contract price), personal loans (up to 15 years, based on appraisal value), and corporate loans
2. Deposit Interest Spread: Interest earned on peso and dollar savings accounts, with varying rates based on balance tiers
3. Transaction and Service Fees: Fees from remittance services, foreign exchange transactions, ATM withdrawals from other banks, account closure, below minimum balance, and dormancy fees
4. Foreign Exchange Services: USD-Peso exchange services for account holders
5. Credit Information Access: Direct to Consumer (D2C) program participation enabling credit report access through Credit Information Corporation

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Yuanta Savings Bank Philippines, Inc. is a BSP-regulated thrift bank offering interest-bearing peso and US dollar savings accounts (including SA Prime premium tier and Payroll Savings Account), housing and personal secured loans, corporate lending, payroll processing, overseas and local remittance, US Dollar-Peso foreign exchange, and BancNet-enabled ATM services to individual and corporate clients from its Makati City headquarters. Deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to PHP 1 million per depositor, and the bank operates under a Foreign Currency Deposit Unit (FCDU) license.

Product overview

Yuanta Savings Bank Philippines is a mid-tier thrift bank offering a unified portfolio of deposit, loan, and ancillary banking services. The deposit suite includes peso and dollar savings accounts (Peso Savings Account, SA Prime, Dollar Savings Account, Payroll Savings Account) with varying interest rates and balance requirements. The lending portfolio covers Housing Loan, Personal Loan (Secured), and Corporate Loan products targeting retail and business customers. Other services include Payroll Services, ATM Services, Overseas and Local Remittance, and US Dollar-Peso Exchanges. The bank operates as a subsidiary of Yuanta Commercial Bank in Taiwan and is regulated by the Bangko Sentral ng Pilipinas.

Differentiator

Problem solved

Functional benefit

Products and services

• Peso Savings Account Interest-bearing savings account in Philippine Peso available in ATM and ATM-and-Passbook variants with 0.075% interest rate (subject to 20% WTax) for average daily balances above PHP 100,000; initial deposit and minimum maintaining balance of PHP 2,000 (ATM) or PHP 10,000 (ATM and Passbook).
• SA Prime Premium savings account offering higher interest rates than standard Peso Savings: 0.09375% for balances from PHP 100,000 to PHP 499,999.99 and 0.1120% for balances of PHP 500,000 and above, subject to required daily maintaining balance.
• Dollar Savings Account Passbook savings account denominated in US Dollars with initial deposit of USD 500.00, minimum monthly average daily balance of USD 500.00, and minimum balance of USD 10,000.00 to earn 0.075% interest per annum.
• Payroll Savings Account Non-interest bearing savings account for payroll purposes with low initial deposit of PHP 100.00, designed for employed individuals whose salaries are credited by employers.
• Housing Loan Home financing product available to Filipino citizens with up to 25-year term (or where borrower does not exceed 65 years of age upon loan maturity), funding up to 90% of total contract price or outstanding balance, at the prevailing housing loan rate at time of availment.
• Personal Loan - Secured Collateral-backed personal loan available to Filipinos and foreign nationals with valid permits and visas, with terms up to 15 years (or where borrower does not exceed 65 years of age upon loan maturity), loan amount based on appraisal value of collateral, at prevailing personal secured loan rates.
• Corporate Loan Business lending product for corporate accounts requiring credit evaluation and financial documentation, with corporate loan enquiries handled through [email protected].
• Payroll Services Payroll processing services offered to corporate clients for employee salary disbursement and management through dedicated payroll accounts.
• Automated Teller Machine (ATM) Services On-site ATM available 24/7 including weekends and holidays for cash withdrawals; also accepts other bank ATM cards with charges imposed by the card-issuing bank, through BancNet network interoperability.
• Overseas and Local Remittance Wire transfer service for moving funds from the customer's designated account to chosen foreign or local beneficiaries, with published service charges and fees per the bank's Remittance Service Charges & Fees schedule.
• US Dollar-Peso Exchanges Foreign currency exchange service for converting between US Dollars and Philippine Pesos, available exclusively to Yuanta Savings Bank account holders.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Scale indicators4 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• Metropolitan Bank and Trust Company (Metrobank): Metrobank is a top-tier universal bank and the parent of PSBank. Its consumer banking, housing loan, and corporate banking offerings compete directly with Yuanta's product set, though Metrobank operates at much broader scale and digital sophistication.
• BDO Unibank: BDO is the largest universal bank in the Philippines with the dominant branch and deposit franchise. It competes with Yuanta across deposits, housing loans, and remittance, but at vastly greater scale and digital maturity.
• Security Bank Corporation: Security Bank is a mid-to-large universal bank with retail deposits, consumer loans, and corporate banking. It overlaps with Yuanta's deposit and housing loan offerings while operating a multi-branch and digital-first retail franchise.
• Philippine National Bank (PNB): PNB is a government-influenced universal bank offering retail deposits, housing loans, and remittance services. Its broad product suite and nationwide reach make it a benchmark incumbent against which Yuanta's single-branch footprint must compete.
• Bank of the Philippine Islands (BPI): BPI is one of the Philippines' largest universal banks with a nationwide branch network and full digital platform. It overlaps with Yuanta across consumer deposits, housing loans, and FX services, providing a benchmark for the incumbent scale Yuanta does not match.

Direct peers

• Philippine Savings Bank (PSBank): PSBank is a thrift bank subsidiary of Metropolitan Bank and Trust Company (Metrobank), offering similar deposit, housing, and personal loan products to retail and SME customers in the Philippines. It is the closest direct comparable as a thrift-bank subsidiary of a larger banking group.
• East West Banking Corporation: East West Bank is a mid-sized Philippine commercial/thrift bank offering deposits, consumer loans, and remittance services with similar branch-density and customer-segment focus to Yuanta. Both banks serve retail Filipino consumers and corporate clients through relationship-led banking.
• China Bank Savings: China Bank Savings is the thrift banking arm of China Banking Corporation (ChinaBank), providing deposit accounts, housing loans, auto loans, and SME lending. It directly mirrors Yuanta's thrift-bank subsidiary positioning with a comparable product mix and target market.

Emerging players

• Maya Bank: Maya Bank (formerly PayMaya) is a digital-only bank with a mobile-first deposit, payments, and lending platform offering materially higher interest rates than traditional thrift banks. It embodies the digital disruption that threatens Yuanta's traditional retail deposit franchise.
• UnionBank of the Philippines: UnionBank is a digitally forward universal bank targeting tech-savvy Filipino retail and SME clients with competitive digital deposit products and a strong mobile app. It represents the digital-first competitive threat Yuanta faces as a non-digital thrift bank.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/yuanta-savings-bank-com-ph

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yuanta Savings Bank Philippines