Tag: bank for OFWs

Government to establish bank for OFWs

QUEZON CITY, Philippines (Eagle News) — The Landbank of the Philippines announced that it will establish a bank for overseas Filipino workers on September 2017. This is in connection to the plan of the Landbank to acquire Philippine Postal Service Bank or PostBank from the Philippine Postal Corporation. After the acquisition, PostBank will become a subsidiary of Landbank, with a percentage set aside for ownership of OFWs. Landbank president Alex Buenaventura said that it would […]