29-Jan-18, Asia Times
Philippine President Rodrigo Duterte will visit Dubai and Abu Dhabi to launch the new Overseas Filipino Bank.
%20iStock_Asia%20Times.jpg "Philippines Duterte will open first OFBank branches in the UAE (c) iStock Asia Times")
Image: Asia Times
The initial OFBank centres will be located in the Philippine Embassy in Abu Dhabi and the Philippine Consulate in Dubai.
The bank is expected to offer deposits, loans, investments and remittance and payment services to cater for the needs of overseas Filipino workers. There are about ten million Filipinos working and living overseas.