GoTyme Bank plans to extend share ownership to more than 90% of its eligible employees, which could make it the first bank in the Philippines to broadly offer company shares across nearly its entire workforce.
The digital bank said the expanded program aims to strengthen accountability, improve customer service, and accelerate long-term growth by giving employees a direct stake in the company.
“Ownership changes how people operate. When our team members think like owners, they move faster, go the extra mile for customers, and are more protective of the GoTyme brand,” said Nate Clarke, CEO of GoTyme Bank Philippines.
Employee share ownership programs remain uncommon in the Philippine banking industry, where stock grants are typically limited to senior executives. GoTyme Bank and the GoTyme Group said the initiative is designed to build an “owner mindset” among employees, especially those handling customer interactions daily.
Clarke said the program could also help attract and retain talent in the country’s competitive banking and fintech sectors.
“In the Philippine market, broad-based shares is a significant differentiator for talent attraction,” Clarke said. “But more than talent attraction, this is about creating a sense of ownership that translates to a team that is 100% locked in on creating the best experience for our customers.”
Digital banks in the Philippines continue to expand as more consumers adopt app-based financial services, including payments, savings, and transfers.
“We believe this move will help accelerate our goal of building the largest and most loved bank in the Philippines,” Clarke said. “When we achieve that goal, our people will rightfully share in that financial upside.”