The One Network Bank (ONB), the widest banking network in Mindanao, has announced plans to expand by the end of next year to the neighboring island of Mindanao, confident of its solid financial footing and the vibrant economic activity it has infused in the Mindanao countryside.
ONB president Alex V. Buenaventura said the bank plans to open five branches in Mindanao, the maximum number allowed by the Bangko Sentral ng Pilipinas (BSP) for expansion in one year.
He said the bank’s “proven niche-market business model of building modern banking infrastructure in the countryside areas of Mindanao will be replicated in the Visayas where very progressive countryside areas are underbanked.”
