Brief History of the
Chamber of Thrift Banks
The umbrella organization of the country’s thrift banks was organized in 1974 as the Chamber of Savings and Development Banks, and was then composed of 10 savings banks, 28 private development banks and 44 savings and loan associations. It was organized primarily “to provide an institutional medium through which the members can collectively assist and cooperate with one another, with other members of the banking sector, and with the National Government and its instrumentalities, more particularly the Central Bank of the Philippines (now known as the Banko Sentral ng Pilipinas) to promote, develop, expand and strengthen the role of savings and loan associations, private development banks and savings and mortgage banks...
Chamber of Thrift Banks
"Moving Forward in 2009 through Responsive, Responsible Banking"
As seen in the picture, from left to right Ms. Floredelis F. Aguenza, Mr. Benjamin S. Oliva, Ms. Suzzane I. Felix, Deputy Govenor Nestor Espenilia, Jr., Mr. Pascual M. Garcia III and Rogelio M. Florete in the ribbon cutting ceremony of the 2009 Speakers Convention.
Chamber of Thrift Banks
"Moving Forward in 2009 through Responsive, Responsible Banking"
Sen. Chiz Escudero addresses the chamber and gives light to the legislative agenda affecting the banking sector namely, the PDIC coverage on Bank Deposits, Rural Bank Act of 1992, Central Bank Act and General Banking Law of 2000.
Chamber of Thrift Banks
"Moving Forward in 2009 through Responsive, Responsible Banking"
Finance secretary Margarito Teves graces the Speakers Convention by giving a talk on why Filipinos should keep the positive energy flowing despite the raging global financial turmoil. His speech included tips on how to keep afloat using different economic techniques to improve fiscal performance.
Message from the president
Welcome to the official website of the Chamber of Thrift Banks (CTB). This platform is designed to keep our members, partners, and communities informed, connected, and engaged.
As we move into 2026, CTB reaffirms its strong support for the Bangko Sentral ng Pilipinas’ vision of a safe, inclusive, and digitally enabled financial system. Thrift banks continue to play a vital role in serving Filipino households and MSMEs—particularly in the countryside—even as the financial landscape evolves with digitalization and rising consumer expectations.
Guided by our 2026 Business Plan, CTB is helping its members evolve into hybrid banks—institutions that build on sound governance and community trust while embracing digital transformation, secure payments, data governance, cybersecurity, and the responsible use of emerging technologies. Through close engagement with regulators and partners, CTB remains committed to advancing financial inclusion, consumer protection, and industry resilience.
We invite you to explore our website and join us in strengthening the relevance of thrift banks in today’s dynamic financial environment.
News & Events
BSP Senior Assistant Governor’ Christmas Message
BSP Deputy Governor Lyn Javier Receives Token from CTB
BSP Deputy Governor Receives Token from CTB
Stratbase Group Founder Receives Token
Bangko Sentral Chief inducts the CTB Board
2024 CTB Convention – Ribbon cutting ceremony
Related Laws / IRR
- RA 7906 – Thrift Banks Act
- RA 8791-General Banking Act of 2000
- Revised Implementing Rules and Regulations for RA 9160 as amended by RA 9194
- RA 9160 – Anti-Money Laundering Act of 2001
- RA 10023 – An Act Authorizing the Issuance of Free Patents to Residential Lands
- RA 10000 – The Agri-Agra Reform Credit Act of 2009
- BSP Circular 736 – IRR on Agri-Agra Credit Reform Act of 2009
- RA 9856 – The Real Estate Investment Trust (REIT) Act of 2009
- Implementing Rules and Regulations (IRR) of the Credit Information System Act
- RA 9510 – Credit Information System Act
Major Accomplishments
- Put together a Uniform Loan and Mortgage Agreement or ULAMA, a document that is now used by the industry for home buyers and mortgage lenders which sped up transactions, reduced legal risk, and promoted transparency. The Chamber of Thrift Banks (CTB) initiated and took the lead and collaborated with the Bankers Association of the Philippines (BAP) and the Bangko Sentral ng Pilipinas (BSP) on getting many parties to agree on a document acceptable to the industry.
- Accreditation of Thrift Banks in the British Embassy’s Bank Certification Verification System (BCVS), a mechanism by which the Embassy can verify or validate via electronic mode the authenticity of the Bank Certification issued by the banks to their depositors for visa application purposes.
- Accreditation of CTB member-banks in BAP Data Exchange’s Online Loandex System and Positive Data Sharing System
- Grant of BSP authority for RBUs of TBs to invest in readily marketable foreign currency-denominated debt instruments
- Grant of BSP authority for TBs to engage in FX swaps and forwards transactions to fund purchases of foreign currency denominated instruments
- Successful conduct of CTB training program on Compliance Function in Banks (which benefited 56 participants from 29 member-banks) and Risk Management & Audit (which benefited 70 participants from 30 thrift-banks).
Members Only
CTB Circulars
This section contains all announcements, memorandums and circulars from the Chamber of Thrift Banks.
BSP Circulars
This section contains all announcements, memorandums and circulars from the Banko Sentral ng Pilipinas. Please login to view files.
CTB Materials
In this section, CTB members are granted access to speeches, write-ups and presentation materials from previous gath. Please login to view files.
