The bank was a partnership between a group of Filipino businessmen led by Ambassador Antonio Cabangon Chua and a Singaporean investment holding company.

It was granted the thrift bank license by the Monetary Board of Bangko Sentral ng Pilipinas in 1997.

/ For its credit and financing business, CSBank accepts jewelry for instant cash loans.

The Bank also operates foreign currency deposits and performs trust and fiduciary business.

This was attributed to the decreases in loans and receivables, cash and, due from other banks, financial assets at Fair Value through profit or loss, and investment properties.