Mindanao bank to open more branches, ATMs in 2009

The widest banking network in Mindanao is set to open five new branches and activate 30 ATM machines next year in selected areas of the island.

One Network Bank (ONB) president Alex V. Buenaventura said they want to grow with Mindanao and will continue to expand in the next five years.

He said early next year, ONB is set to open five more new branches, making its total branch network to 75.

The new branches will be established in Gingoog in Misamis Oriental, Sindangan in Zamboanga del Norte, Ozamis City, Surigao City and Dipolog City.

"Our continued opening of new branches within the 35 identified growth areas is in line with our goal of saturating Mindanao," he said.

Buenaventura said these growth centers are either "unbanked" or "underbanked" and at the rate they are going indicates that the bank is in full swing to achieve its goal.

The bank is also bullish in activating at least 30 ATMs next year which will increase the number of its ATM fleet to more than a hundred machines all over the island, he said. (PNA)

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