ONB’s 100th branch opens, gives new investment prospect for DavOr

Ribbon cutting ceremony. (From L to R) City of Mati Mayor Carlo Rabat, Bishop Patricio Alo, Governor Corazon N. Malanyaon, ONB President Alex Buenaventura, and Rural Banking Association of the Philippines President Vittorio Almario.

Ribbon cutting ceremony. (From L to R) City of Mati Mayor Carlo Rabat, Bishop Patricio Alo, Governor Corazon N. Malanyaon, ONB President Alex Buenaventura, and Rural Banking Association of the Philippines President Vittorio Almario.

City of Mati, Province of Davao Oriental — One Network Bank, currently recognized as Mindanao’s widest banking network, celebrated the official grand opening of its 100th branch in the City of Mati, July 10, Thursday.

ONB President, Alex V. Buenaventura, joined by the Management Team headed by the members of the corporation’s executive committee, expressed their happiness over the success of the banking institution, which now also expands beyond the countryside of Mindanao.

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ONB President, Alex V. Buenaventura

Buenaventura, during the grand opening, said that aside from ONB’s usual financing of agricultural businesses, they are also looking at bankrolling funds for provincial government’s development projects, particularly in providing financial support to small farmers and entrepreneurs.

He stated ONB’s interest over financing agribusiness that involves high-value crops that include among others, banana, rubber, and oil palm, which are now widely encouraged in the province’s east coast towns hit by typhoon Pablo in 2012.

Governor Corazon N. Malanyaon, who graced the event, said that the opening of the bank’s newest branch in the province is very timely as the province is now aggressively opening its doors to investors and is creating an ideal climate for businesses to transform the province into a major investment destination as well as a major player in tourism and agribusiness.

res1 “You have come at a time when we are seriously empowering our marginal farmers to actively engage in production of high value crops for their long-term livelihood, while the government facilitates access to financing facilities and markets,” she said.

She further thanked the ONB management for providing people access to financial services and new opportunities.

“You are indeed a catalyst to countryside development,” said Governor Malanyaon. “Together, we can be partners in raising the quality of life of our rural people and in addressing our development concerns,” she added.

Also present during the grand opening were Vice Governor Joel ‘Mayo’ Z. Almario, City of Mati Mayor Carlo Rabat, and Rural Banking Association of the Philippines President Vittorio Almario.

Davao Oriental’s newest branch is located at Limatoc Street in the City of Mati offering expanded services, such as internet banking as well as cheap and fast money transfer. PIO

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