MANILA, Philippines — President Rodrigo Duterte has approved the purchase of the Philippine Postal Savings Bank by the Land Bank of the Philippines.
Through Executive Order No.44, the Philippine Postal Savings Bank will become an Overseas Filipino Bank that would provide aid to overseas Filipino workers (OFWs).
The affairs and business of the Overseas Filipino Bank shall be directed by a 9-member board of directors.
The creation of a bank for OFWs is one of the promises of President Duterte to Filipino migrant workers. — UNTV News & Rescue
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