BPI-owned savings bank sees double-digit growth in 5 years

Legazpi Savings Bank (LSB), a wholly owned subsidiary of the Bank of the Philippine Islands (BPI), is targeting a double-digit annual growth over the next five years as it continues to expand its presence to bring its services closer to local communities.

- By CATHERINE TALAVERA

In a statement, LSB said it is expanding its presence, ensuring broader accessibility to its products and services as it has already achieved a 50 percent increase in loan releases this year.

“Looking ahead, LSB aims to achieve compounded annual growth rate in the double-digits over the next five years, underscoring its dedication to sustained progress and financial inclusion,” the bank said.

LSB operates 17 branches and regular branch-lite units (BLUs) with deposittaking operations, and 10 limited BLUs (no deposit-taking) strategically located in 18 provinces in the country.

The bank also maintains 19 ATM terminals which provide the community a convenient way to access their funds 24/7. Clients can also access LSB’s products through over 1,000 BPI and BanKo branches nationwide.