Duterte creates bank for overseas Filipinos

The Office of the President on October 9 released Executive Order (EO) No. 44 which approved the Land Bank of the Philippines’ (LBP) acquisition of Philippine Postal Savings Bank (PPSB). The said EO also authorized the conversion of PPSB into Overseas Filipino Bank (OFB). The overseas Filipino bank aims to efficiently deliver microfinance and micro-insurance … Continue reading Duterte creates bank for overseas Filipinos