Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 19 November 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << November 2017 >> 
S M T W T F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2006/10/04

One Network Bank goes Saturday banking

by Prix D Banzon

Davao City (4 October) -- Banking in hinterland barangays of Mindanao is available even on Saturdays where heavy trading is typical on weekends and mitigate the risks of handling big amount and the possibility of losing it.

Branch operations group head of One Network Bank Bingo Masbad said Saturday banking is the solution they offer for the businessmen who deploy network sales agents around Mindanao.

He said that through the ONB, the agents can easily turnover their sales even on a Saturday by depositing the collections through PeraDala in any of it 63 branches.

"This mitigates the risks involved in handling cash and the possibility of losing money in the process," he said.

The ONB Saturday Banking is to serve businesses with operations extending on weekends.

He said they extend services to convenience stores and bakeries offering 24 hours service, food outlets, gasoline stations and all other enterprises that require a deposit facility for sales made during Saturdays.

He said it is also attractive to individuals who cannot bank on weekdays such as public school teachers, private employees, and workers who would want to pay their bills, withdraw payroll money, claim overseas remittances, process loan applications or open deposit accounts on a Saturday.

The presence of a local bank to support buy and sell activities comes in handy for transacting farmers, buyers and local businessmen.

In municipalities like Lupon and Banaybanay in Davao Oriental province and in Mlang and Makilala in North Cotabato province they regarded Saturday as market or palengke day.

ONB is the only bank to provice "full banking" services during Saturdays in all of its 63 branches all over Mindanao with regular banking hours from 8:30 am to 3:00 pm allowing clients to enjoy six banking days or 42 banking hours in a week.

With Saturday Banking, ONB is tapping a rather "underserved" segment of the banking market in Mindanao, considering that most commercial banks are closed on weekends. A few commercial banks also open on weekends but only in selected branches.

It has become a competitive edge for ONB with Saturday banking by serving a market niche that still favors the traditional and highly personalized face to face mode of banking.

ONB's 63 branches provide banking services to over 350,000 deposits and 72,000 borrowers all over Mindanao. (PIA XI) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»DavNor eyed as potential eco-cultural tourism site
»Europeans to invest on energy
»One Network Bank goes Saturday banking
»Feature: Teens more focused on adolescent issues
»Governance forum links theory, practice
»Japan Foundation issues guidelines for fellowship studies
»Komentaryo: Humingi ng Resibo campaign, patuloy pa rin
»Three more remains of CPP-NPA purging victims uncovered
»Leyte gears for 62nd Leyte Landings anniversary celebration
»Gov. Lerias lobbies for livelihood projects in relocation sites
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines