One Network Bank to open more branches-A A +A
Tuesday, March 8, 2011
THE One Network Bank (ONB), the widest banking network in Mindanao and the country's leading rural bank, inaugurated Tuesday its newest branch in Zamboanga City.
ONB's newest branch is located in Barangay Guiwan, three kilometers east of the city. It offers a bigger and more attractive office space with modern banking facilities, including the MegaLink awardee and PeraAgad Automated Teller Machines (ATM).
ONB president Alex Buenaventura said the opening of the firm's branch in Guiwan is in line with the bank's commitment of providing top of the line banking services to its clients all over Mindanao.
Buenaventura said the ONB is opening another branch, which will be located in the villages of Sangali, 27 kilometers east of the city.
He said they are just waiting for the Bangko Sentral ng Pilipinas (BSP) to issue the ONB a license to establish the branch in Sangali.
ONB now has a total of three branches in Zamboanga City with the inauguration of the branch in Guiwan.
The other two are located at Saavedra Street in downtown Zamboanga City and in the village of Ayala, 16 kilometers west of the city.
Aside from the Sangali-branch, Buenaventura said the ONB eyes to put up branches in Banganga, Davao Oriental; Butuan City; and Ezperanza, Sultan Kudarat.
Formed in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 81 branches and 104 ATMs throughout Mindanao, including 17 localities where it is the sole provider of financial services.
ONB is the first rural bank in the country to receive the nod of the Philippine Clearing House Corporation (PCHC) to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank.
It is also an equity member of MegaLink, one of the first banks in Mindanao to join an interbank network. (Bong Garcia)