Another campaign promise of President Rodrigo Duterte will be fulfilled today with the launch of the Overseas Filipino Bank (OFB), the Finance department said on Wednesday.

Finance Secretary Carlos Dominguez 3rd, in a statement, said all obstacles to the bank’s establishment had been cleared with the Philippine Competition Commission’s (PCC) approval of Land Bank of the Philippines’ takeover of the moribund Postal Savings Bank.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details