GoTyme Bank said it plans to expand its employee share ownership program to cover most of its workforce, a move the digital bank said would make it one of the first banks in the Philippines to broadly extend equity participation beyond senior executives.
The bank said the program, subject to regulatory approvals, is expected to cover more than 90% of employees who are in good standing through future share grants.
Broad-based employee ownership schemes remain uncommon in the Philippine banking sector, where stock incentives are typically reserved for senior management.
GoTyme said it expects the program to improve accountability and customer service by giving employees a direct stake in the company’s long-term growth. The bank argued that junior employees, who are often closer to customers, could help drive stronger customer satisfaction if given ownership incentives.
“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 GoTyme Bank Philippines CEO Nate Clarke.
Clarke added that the program could also help the bank compete for talent in the local market.
The digital bank has been expanding aggressively in the Philippines as competition intensifies among traditional banks and fintech-led financial platforms offering digital savings, payments, and lending services.
