MANILA, Philippines - The Chamber of Thrift Banks (CTB) is the umbrella organization of the country’s thrift banks and was organized in 1974. It has 54 member-banks with over 1,200 branches nationwide. The Thrift Banking Industry has around 17,000 employees and serves over 3.4 million depositors. The total assets of Thrift Banks represent 9 percent of the entire Philippine banking industry and its total loan volume represents 10 percent.
The CTB continues to pursue its mandate of coordinating the efforts of its member thrift banks as they continue to contribute to the country’s economic development. It supports its members by ensuring that its various concerns are brought to the attention of the right government institution or regulating body, particularly the Bangko Sentral ng Pilipinas (BSP). The CTB helps ensure a manageable, if not better, operating environment for thrift banks, and has been at the forefront of advocating appropriate legislative and regulatory reforms, thereby influencing the statutory and regulatory framework. CTB works hard at raising industry professionalism by setting standards of conduct including the adoption of a Code of Ethics and manualized compliance and risk guidelines.