PH Consulate General in Toronto Attends “Information Webinar on The Newly Created Overseas Filipino Bank (OFBank) and Financial Literacy”

Screenshots of the “Information Webinar on the Newly created Overseas Filipino Bank (OFBank) and Financial Literacy”.  (Toronto PCG photo)

TORONTO 28 September 2020 – The Philippine Consulate General in Toronto’s officers and staff attended the “Information Webinar on the Newly created Overseas Filipino Bank (OFBank) and Financial Literacy”, organized by the Consulate General together with the Philippine Overseas Labor Office (POLO), in partnership with the Landbank of the Philippines, and Overseas Filipino Bank (OFBank) on 25 September 2020.

President and Chief Executive Officer (CEO) of OFBank Leila C. Martin 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 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 relaunched 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

Philippine Consul General to Toronto 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. END

Left photo: Screenshot of some of the participants and speakers, including Philippine Consul General to Toronto Orontes V. Castro, OFBank President and CEO Leila C. Martin, Landbank Representative Felisa Rosales, and Emman Valdez of OFBank, Consulate General personnel and members of the Filipino community. Right photo: One of the slides in the presentation at the webinar. (Toronto PCG photo)

The OFBank Presentation during the webinar. (Toronto PCG photo) 

Philippine Consul General to Toronto Orontes V. Castro (left), OFBank President and CEO Leila C. Martin (center), and Labor Attaché Atty. Rachel Zozobrado-Nagayo (right) were among the speakers of the webinar. (Toronto PCG photo)

For more information, visit https://www.torontopcg.dfa.gov.ph, https://www.philcongen-toronto.com, or https://www.facebook.com/PHinToronto/.