Overseas Filipino Bank

Overview

Overseas Filipino Bank (OFBank) is the first all-digital, branchless bank in the Philippines and a wholly owned subsidiary of state-owned LANDBANK. Relaunched as a fully digital bank in June 2020, it secured the country's first digital banking license from the Bangko Sentral ng Pilipinas on 25 March 2021, converting from a thrift-bank to a digital-bank licence. OFBank serves Overseas Filipinos, OFWs and their beneficiaries worldwide, using its Digital Onboarding System with AI (DOBSAI) for real-time mobile account opening, plus savings deposits, fund transfers, bills payment, remittances and loans.

Funding and ownership

People

• MLMa. Lynette V. OrtizChairperson (LANDBANK President & CEO)
• ECElcid C. PangilinanOfficer-in-Charge

Licences and certifications

• BSP Digital Bank License (first issued in the Philippines, 25 March 2021)Check: BSP directory of banks and financial institutions
• BSP-supervisedCertification
• PDIC member — deposits insuredCertification