BankingPress Release

CBS reaffirms support to DepEd, donates P6M for public education projects

CBS China Bank Savings, the retail lending arm of China Banking Corporation, strengthened its education advocacy in 2022 with a P6-million endowment for public education, double the amount given last year.  Part of the endowment is the donation of 36 laptops to the Department of Education (DepEd), under the CBS Gadget Assistance Program, to support the promotion of digital literacy.  

DepEd, through Undersecretary Atty. Gerard Chan, received the brand new laptops during a turnover ceremony in Pasig City.  The laptops will be distributed to DepEd Regional focal point persons tasked with leading the implementation of digital education programs and activities. 
“CBS is committed to help address the country’s education challenges by providing the resources and support needed by learners and our public educational institutions,” said Niel C. Jumawan, head of the Bank’s APD Lending Group. 

This year, CBS has provided over 450 public schools nationwide with digital equipment, school supplies, hygiene and sanitary kits, cleaning supplies, and materials for repair and construction, as part of its partnership with DepEd for Brigada Eskwela 2022. 
Since 2016, CBS has been working with DepEd in carrying out the yearly campaign to provide clean, safe and comfortable facilities in public elementary and high schools, resources for blended learning, including the provision of emergency needs during calamities, and addressing resource gaps for the reopening of classes.   
CBS also supports the creation and expansion of networks to get community commitment for collaborative programs and projects, such as Brigada Pabasa, Home Learning Spaces, and other support and volunteer/community-based projects in line with the savings bank’s nationwide advocacy campaign, CBS Build & Rise Initiative.    

CBS Build & Rise Initiative aims to champion financial inclusion, inspire the spirit of entrepreneurship, and spark consumer confidence—what the country needs for rapid economic recovery and national resurgence.

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