Initial operations of the Overseas Filipino Bank (OFB) will proceed as scheduled in January, the Finance department reiterated on Monday, citing assurances from the Bangko Sentral ng Pilipinas (BSP).

“The launching of the bank will not be delayed. BSP Governor Nestor Espenilla Jr. has confirmed that the requisite approvals from the Monetary Board and the BSP will be secured before yearend,” Finance Secretary Carlos Dominguez 3rd said in a statement.

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