According to Philstar Biz, China Bank Savings Inc. is doubling its credit provisions this year to prepare for a weaker market, even as it continues its branch expansion program to strengthen its retail banking presence.
The decision reflects the bank's cautious outlook amid economic headwinds, particularly in the retail segment where loan defaults may rise. Despite this, CBS maintains its commitment to physical expansion to capture more depositors and borrowers.
The move comes as other Philippine banks also adjust their provisioning strategies. The retail banking sector remains a key growth driver for CBS, with plans to increase its branch network in strategic locations.