Pres. Duterte Leads the Ceremonial Launch of the Overseas Filipino Bank (OFBank)

The tough-talking President of the Republic of the Philippines, Pres. Rody Duterte fulfilled another campaign promise to help the Overseas Filipino Workers (OFWs) by establishing by a specialized bank for them, as he leads the ceremonial launch of the Overseas Filipino Bank (OFBank).

President Duterte's promise to help the OFWs started with his gestures of making ways to served the Filipinos abroad by providing an instrument for Filipinos to save for their future, through the OFBank.

The ceremonial launch of the Overseas Filipino Bank was held at Liwasang Bonifacio, Manila. Pres. Duterte is fulfilled his promise to create a bank dedicated to OFWs.

According to Malacanang, the OFBank which is a savings bank of Landbank will offer the following service:
  • Deposit Products: Peso ATM Savings, Time Deposit, Checking Accounts, Future Need Savings Plan.
  • Loan Products
  • Investment Product: Unit Investment Trust Funds (UITF)
  • Payment services for SSS, OWWA, PhilHealth dues, Insurance Premium, Credit Cards, Telephone & Water Bills, Housing and Business Loans & Tuition Fees of OFWs' Beneficiaries. 
Watch the Video of Pres. Duterte Leading the Lauching of OFBank:



Source: PNA / YouTube / RTVM

Pres. Duterte Leads the Ceremonial Launch of the Overseas Filipino Bank (OFBank) Pres. Duterte Leads the Ceremonial Launch of the Overseas Filipino Bank (OFBank) Reviewed by Phil Newsome on January 18, 2018 Rating: 5
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