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OFBank eyes hiked share in gov't financial inclusion bid

MANILA - Strengthened programs supporting the government's financial inclusion and digital financial transactions bids are seen to further boost the number of account holders of the government's official digital bank, Overseas Filipino Bank (OFBank). OFBank president and chief executive officer (CEO) Leila Martin, in a reply to questions from the Philippines News Agency (PNA) Friday, said the app-based bank, which is a subsidiary of state-owned Land Bank of the Philippines (Landbank), have 52,749 account holders since its launch in June 2020. "The bank is optimistic that its deposit/account base will continue to grow with its continuing effort in reaching more OFW (Overseas Filipino Workers) groups/Filipino communities abroad as it advocates for greater digital financial inclusion by making formal financial services much more accessible and convenient," she said. Martin said as of end-September this year their account holders are based in 116 countries and territories ....

United Kingdom , Saudi Arabia , United Arab Emirates , Leila Martin , Philippines News Agency , Home Development Mutual Fund Or Pag , Philippine Health Insurance Corporation , Unit Investment Trust Fund , Land Bank , Filipino Bank Ofbank , Overseas Filipino Bank , Overseas Filipino Workers , Retail Dollar Bond , Social Security System , Home Development Mutual Fund , Manila Strengthened Programs Supporting The Government 39s Financial Inclusion And Digital Transactions Bids Are Seen To Further Boost Number Of Account Holders Official Bank , Verseas Filipino Bank Ofbank President And Chief Executive Officer Ceo Leila Martin , Na Reply To Questions From The Philippines News Agency Pna Friday , Aid The App Based Bank , Hich Isa Subsidiary Of State Owned Land Bank The Philippines Landbank , Dave 52 , 749 Account Holders Since Its Launch In June 2020 Quot The Bank Is Optimistic That Deposit Base Will Continue To Grow With Continuing Effort Reaching More Ofw Overseas Filipino Workers Groups Communities Abroad As It Advocates For Greater Digital Financial Inclusion By Making Formal Services Much Accessible And Convenient , Uot She Said Martin As Of End September This Year Their Account Holders Are Based In 116 Countries And Territories That Include The Philippines , United Arab Emirates , Saudi Arabia , United Kingdom ,