City Savings Bank, Inc. (CitySavings) and UBP Investment Corporation (UIC), wholly-owned subsidiaries of UnionBank acquired a combined 70% stake in BK, of which CitySavings owns 49% and UIC, 21%.
Bangko Kabayan focuses on grassroots entrepreneurship which is aligned with the objective of City Savings which is to enhance its presence in the market segment. Through combining its digital capabilities with BK's presence in CALABARZON, it desires to expand into the micro, small, and medium-sized enterprise (MSME) markets.
This brings the Bangko Kabayan to level up its services and market reach as CitySavings continue its commitment to be the market leader in digital transformation among mass market banks by introducing more innovative solutions for a seamless customer experience and recognized by UK-publication Global Business Outlook as the Fastest Growing Savings Bank in the Philippines for 2019.