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Published: 2018-01-21   

Overseas Filipino Bank (OFB), binuksan na.

The OFB would provide financial and remittance services for Overseas Filipino Workers (OFWs), their families and Filipinos living abroad.

The OFB would provide financial and remittance services for Overseas Filipino Workers (OFWs), their families and Filipinos living abroad.

Photo Credits:Inquirer.net

Pinangunahan ni Pangulong Rodrigo Duterte ang pagpapasinaya sa Overseas Filipino Bank sa Postbank Center, Liwasang Bonifacio, Lungsod ng Maynila noong Huwebes, Enero 18.

In September 2017, Duterte signed Executive Order No. 44, creating the OFB.
(READ: http://souqpinoy.com/news/ofw-bank-given-the-green-light-by-bangko-sentral-ng-pilipinas/)

Under EO 44, the Philippine Postal Corp., which owns Postbank, and the Bureau of Treasury were ordered to transfer their thrift bank shares to Landbank at zero value.

The EO stated that the chairperson of Land Bank would serve as head of the 9-member board of directors of the OFB. The OFB would provide financial and remittance services for overseas Filipino workers (OFWs), their families and Filipinos living abroad.

Aside from Manila, Labor Secretary Silvestre Bello III said the OFB would have branches in key cities in the country, which include Cebu and Davao City before expanding to other areas.

Abangan ang pagbubukas ng mga branches sa iba’t-ibang bansa kabilang na ang UAE. Nabanggit noong nakaraang panayam kay Landbank President Alex Buenaventura na balak nilang unahing magtayo ng overseas branch sa Dubai.

References:

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