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OFBank sees surge in new accounts, transactions

OVERSEAS Filipino Bank (OFBank), the country’s first digital-only bank, recorded a surge in new deposit accounts and transactions in its first 100 days.

BSP may issue new rules after OFBank business model review

THE CENTRAL BANK wants to review Overseas Filipino Bank’s (OFBank) business model first and then issue new regulations if needed as the lender seeks to go digital, a senior official said.