Philippines – CitySavings, the thrift bank subsidiary of UnionBank led by the Aboitiz Group, debuts its Bank-on-Wheels (BOW) mobile kiosk to advocate for financial inclusion. The BOW serves underserved areas in the Visayas and Mindanao, as well as specified locations in Metro Manila.

Customers’ accessibility is improved by the cooperative Bank-on-Wheels mobile kiosk, which provides services including cash withdrawal and balance inquiries in association with UnionBank.

Using batteries to power the automated teller machines (ATMs) is one way that Bank-on-Wheels (BOW) demonstrates its dedication to sustainability and reduces carbon emissions associated with its operations.

Speaking about the launch, Lorenzo Ocampo, CitySavings chief executive officer, said, “Through Bank-on-Wheels, we bring convenient banking closer to our customers in the more remote areas. Extending services to regions where branch accessibility might be a challenge ensures easier access for our customers for their daily banking needs. This initiative is a glimpse of what’s to come as we strive to enhance accessibility and improve our services for our fellow Filipinos.”

Meanwhile, Manuel Santiago, Jr. CitySavings president, stated, “We take pride in the fact that this initiative prioritizes environmental responsibility without compromising growth and expansion. Our goal is to infuse sustainability into our efforts, paving the way for inclusive and sustainable prosperity across the country.” 

Dhaka, Bangladesh — The Bangladesh-based financial institution, AB Bank Limited, has announced the elevations of Syed Mizanur Rahman and K.M Mohiuddin Ahmed as deputy managing directors.

Rahman holds an extensive understanding of the banking industry as he has over 25 years of banking experience. Under his leadership Retail Banking Division, Agent Banking Division and Business Development Unit were established in AB Bank.

Before joining AB Bank, he worked for Dhaka Bank, IPDC, Bank Al Falah and United Commercial Bank. Over the years Rahman acquired extensive knowledge in different segments of the banking industry with a distinct focus on branch banking, retail, process transformation, business development and corporate communication.

On the other hand, Ahmed joined AB Bank in 2003. Having more than 19 years of experience in the bank, Ahmed worked in different positions at the Department of Accounts and Finance.

He has extensive experience in the arena of financial management, financial control, capital management, taxation, budgetary management etc. Ahmed has also worked as a core team member and track lead of the core business software up-gradation project of the bank.