In a strategic move to enhance financial services and support for overseas Filipinos,
the Overseas Filipino Bank (OFBank) met with the Commission on Filipinos Overseas
(CFO) on May 2 to deepen collaboration in delivering accessible and technology-driven
financial services to the global Filipino community.
The meeting was led by CFO Chairperson and Secretary Dante Francis Ang II and
OFBank Officer-in-Charge/President and CEO Elcid C. Pangilinan, and centered on
aligning efforts to empower Filipinos abroad through financial education, digital
banking access, and livelihood opportunities.
Secretary Ang highlighted the CFO’s ongoing efforts to provide comprehensive
assistance to Filipinos abroad, emphasizing the importance of financial education and
access as cornerstones of reintegration and long-term resilience. He likewise
emphasized the need for robust partnerships to ensure that overseas Filipinos can
effectively manage their finances and contribute to the Philippine economy.
For his part, OFBank OIC/PCEO Pangilinan outlined the Bank’s innovative solutions as
the country’s first digital-only, branchless bank. He detailed the Bank’s initiatives to
provide seamless banking services to Filipinos worldwide, including digital account
opening, remittance services, and investment opportunities—all accessible via the
OFBank Mobile Banking App (MBA).
“By embracing and leveraging technology, OFBank is bridging the gap between
overseas Filipinos and their financial needs. We are making it easier for them to secure
their future, support their families, and build lasting financial stability—no matter
where they are in the world,” said Pangilinan.
The dialogue also covered joint initiatives aimed at improving the financial well-being
of overseas Filipinos, such as financial education campaigns and support for
entrepreneurial ventures. Both parties committed to continuous dialogue and
collaboration to respond to the evolving financial needs of the Filipinos worldwide.
This meeting marks a significant step toward strengthening OFBank-CFO
partnership— anchored on their shared mission to support overseas Filipinos with the
tools, knowledge, and resources they need to thrive financially and contribute to
national development.
