11 months OF Bank to become first branchless lender MB |Biz
By Chino S. Leyco State-owned Overseas Filipino Bank (OF Bank) will become the first branchless digital lender in the country primarily catering to clients based abroad, the Department of Finance (DOF) announced. Finance Secretary Carlos G. Dominguez III (DOF photo / Howard Felipe) Pending approval by the Bangko Sentral ng Pilipinas (BSP), Finance Secretary Carlos G. Dominguez III said that OF Bank will provide lending, investments, insurance, bills payment and other financial services to clients using the Internet. “The potential customers of the OF Bank are overseas Filipinos, and they are more than 10 million. Now, if you’re going to ... more