Chamber of Thrift Banks

The Chamber of Thrift Banks (CTB) is the umbrella organization of the country’s thrift banks. Organized in 1974, the chamber has 52 member-banks with over 1,400 branches nationwide. Its mission is 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 Bangko Sentral ng Pilipinas to promote, develop, expand and strengthen the role of savings and loan associations, private development banks and savings and mortgage banks (otherwise known as thrift institutions), in the accumulation of savings, enhancement of trade, commerce, industry and agriculture, and in the economic development of the country.

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).

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 diligently at raising industry professionalism by setting standards of conduct including the adoption of a Code of Ethics, compliance and risk guidelines.