January 26, 2018

Duterte administration launches the Overseas Filipino Bank

  • HOME
  • Blog
  • Duterte administration launches the Overseas Filipino Bank

    • In an article published by the Philippine Information Agency, they have stated that President Rodrigo “Digong” Duterte had launched the Overseas Filipino Bank which is considered as the very first bank that will cater to the needs of OFWs abroad.

    IMAGE Philippine Information Agency 

    With the launch of the OFB, it will enable the handling of remittances and support investments made by OFWs as well as help build financial literacy. Aside from that, the presence of the OFB will be used as a tool in reshaping the country’s economic sector, making it more inclusive for the working class and other Filipinos residing abroad.

    Although the OFB was originally a financial institution for OFWs, its coverage was expanded, making it available for other Filipinos based overseas to take part and be allowed to invest in the country.

    Source: Philippine Information Agency
    Image Source: Philippine Information Agency; Video from: ABS-CBN News on YouTube

    　　　　　　　　　　　
    　　　　　　　　　　　
    You might also like...
    Philippine Primer Exclusive Reader Promos for Year-End Parties in Manila You Won’t Want to Miss
    November 12, 2025
    Philippine Primer Exclusive Reader Promos for Year-End Parties in Manila You Won’t Want to Miss
    The festive season just got better and brighter! This holiday season, Philippine Primer, in collaboration with various restaurants in Metro Manila, is offering exclusive reader-only promotions perfect for your year-end parties.
    miratap Brings Japanese Minimalism and High-End Home Fixtures to Manila with New Greenhills Showroom
    November 11, 2025
    miratap Brings Japanese Minimalism and High-End Home Fixtures to Manila with New Greenhills Showroom
    Japanese design meets Manila’s growing appetite for sophisticated living as miratap, a renowned home fixtures brand from Osaka, officially opens its first Philippine showroom at Greenhills Mall, San Juan.
    Uniqlo BGC High Street: A Four-Story Flagship Redefining LifeWear
    November 11, 2025
    Uniqlo BGC High Street: A Four-Story Flagship Redefining LifeWear
    UNIQLO reopens its newly renovated BGC High Street store on November 7, 2025, unveiling a four-story flagship that offers a wider range of apparel for men, women, and children. The store features exclusive collections, limited reopening offers, and the interactive UTme! customization zone for a fresh, convenient, and enjoyable shopping experience in Bonifacio Global City.
    Seiko Philippines Presents New Watches during 6th Philippine Limited Edition Collection Launch
    October 30, 2025
    Seiko Philippines Presents New Watches during 6th Philippine Limited Edition Collection Launch
    In an afternoon of elegance and pride, Seiko Philippines marked a new milestone with the launch of its 6th Philippine Limited Edition timepieces, a collection inspired by the nation’s three major island groups: Luzon, Visayas, and Mindanao.
    One RFID, All Tollways: A Unified System for Seamless Travel Across Luzon Expressways
    October 28, 2025
    One RFID, All Tollways: A Unified System for Seamless Travel Across Luzon Expressways
    The Department of Transportation (DOTr) and the Toll Regulatory Board (TRB), in partnership with AutoSweep and Easytrip, have officially launched the “One RFID, All Tollways.”