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Press Release
PHILIPPINE CONSULATE GENERAL TORONTO ATTENDS THE “INFORMATION WEBINAR ON THE NEWLY CREATED OVERSEAS FILIPINO BANK (OFBANK) AND FINANCIAL LITERACY”
2020-10-03
PR-56-2020
30 September 2020, Toronto, Ontario – The Officers and Staff of the Philippine Consulate General in Toronto attended on 25 September 2020 the “Information Webinar on the Newly created Overseas Filipino Bank (OFBank) and Financial Literacy”, which it organized with the Philippine Overseas Labor Office (POLO), in partnership with the Landbank of the Philippines and Overseas Filipino Bank (OFBank).
Right photo: One of the slides in the presentation at the webinar
Ms. Leila C. Martin, President and CEO of OFBank, was the Resource Speaker of the webinar. Ms. Felisa Rosales and Mr. Emman Valdez also gave their presentations on Saving with Landbank of the Philippines and Opening of OFBank Accounts, respectively.
The webinar discussed about the benefits of saving for the future, managing debt, diversifying one’s income, and creating long-term financial goals, as well as the advantages and detailed procedures of opening an OFBank account via the digital platform.
The Philippine Postal Savings Bank, now the Overseas Filipino Bank, became a wholly-owned and fully controlled subsidiary of the Landbank of the Philippines, pursuant to Executive Order No. 44, which was signed by President Rodrigo R. Duterte in September 2017, to cater to the banking needs of Overseas Filipinos (OFs), Overseas Filipino Workers (OFWs) and their beneficiaries. The OFBank was re-launched as the first branchless and digital only Philippine government bank. It has continued to date its mandate of servicing the banking and financing requirements of overseas Filipinos.
Consul General Orontes V. Castro thanked Labor Attaché Atty. Rachel P. Zozobrado-Nagayo and Welfare Officer Ma. Lourdes V. Reyes and the personnel of POLO-Toronto for organizing the very informative webinar with the Landbank and OFBank. He also thanked Ms. Leila C. Martin, Ms. Felisa Rosales, and Mr. Emman Valdez for sharing invaluable information on the newly created bank for Overseas Filipinos (OFs) and to those who attended the webinar, including the personnel of the Philippine Consulate General.
Among the speakers were: OFBank President &CEO Leila C. Martin (leftmost), Consul General Orontes V. Castro (middle), and Labor Attaché Atty. Rachel Zozobrado-Nagayo (rightmost). – END