{"id":124654,"date":"2017-10-18T03:53:22","date_gmt":"2017-10-18T07:53:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=124654"},"modified":"2017-10-18T03:53:22","modified_gmt":"2017-10-18T07:53:22","slug":"special-financial-packages-from-ofw-bank-sought-2","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/18\/special-financial-packages-from-ofw-bank-sought-2\/","title":{"rendered":"Special financial packages from OFW bank sought"},"content":{"rendered":"<figure id=\"attachment_41491\" aria-describedby=\"caption-attachment-41491\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/02\/shutterstock_153178391.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-41491\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/02\/shutterstock_153178391.jpg\" alt=\"shutterstock\" width=\"1000\" height=\"664\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/02\/shutterstock_153178391.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/02\/shutterstock_153178391-300x199.jpg 300w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-41491\" class=\"wp-caption-text\">Mary Joy Ersando, on Tuesday said she hopes the new bank will feature special financial packages for them to avail the benefits compared from the usual offerings being made by commercial banks in the country. (Shutterstock photo)<\/figcaption><\/figure>\n<p>ZAMBOANGA CITY &#8212; Overseas Filipino Workers (OFWs) have welcomed the establishment of the Overseas Filipino Bank (OFB), which will start its operations next year.<\/p>\n<p>Mary Joy Ersando, on Tuesday said she hopes the new bank will feature special financial packages for them to avail the benefits compared from the usual offerings being made by commercial banks in the country.<\/p>\n<p>Ersando had been working as a nurse for at least 10 years in Saudi Arabia.<\/p>\n<p>\u201cSana yan bank na yan (I wish this bank) will grant loans na meron (that has) low interest rates for housing, small scale business or personal loans,\u201d Ersando said.<\/p>\n<p>\u201cMakakatulong yan kung yung (It will help if the) secured banking system are same sa mga (to the) top banks sa Pilipinas (in the Philippines),\u201d she added.<\/p>\n<p>True to his campaign promise, President Rodrigo Duterte issued last month Executive Order No. 44 allowing the state-owned Land Bank of the Philippines (LBP) to acquire Philippine Postal Savings Bank, Inc., a subsidiary of of Philippine Postal Corporation, and convert it to OFB.<\/p>\n<p>Under E.O. 44, the LBP is also ordered to infuse fresh capitals to strengthen the capital base of the OFB to effectively provide the needed banking services to the OFWs.<\/p>\n<p>The OFB will have nine-member board that will be chaired by LBP president.<\/p>\n<p>Another Filipino banker, who is based in Doha, Qatar, noted they have yet to see the benefits and programs of the newly-established bank.<\/p>\n<p>\u201cIt is a welcome development since there are millions of Filipinos who are sending their money to their families back home,\u201d the banker, who only identified himself Nathaniel, said.<\/p>\n<p>He said proper investment is one of key elements to help OFWs achieve financial security, especially those who are eyeing return home for good.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZAMBOANGA CITY &#8212; Overseas Filipino Workers (OFWs) have welcomed the establishment of the Overseas Filipino Bank (OFB), which will start &hellip;<\/p>\n","protected":false},"author":33,"featured_media":41491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[14905,28174,26848,12570,28324,2444,2396],"class_list":["post-124654","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-land-bank-of-the-philippines","tag-mary-joy-ersando","tag-overseas-filipino-bank","tag-overseas-filipino-workers","tag-philippine-postal-savings-bank","tag-rodrigo-duterte","tag-saudi-arabia","mauthors-darwin-wally-wee","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/124654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=124654"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/124654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/41491"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=124654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=124654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=124654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}