Philippine Embassy in Norway, Overseas Filipino Bank Conduct Webinar on Financial Wellness

Philippine Embassy in Norway, Overseas Filipino Bank Conduct Webinar on Financial Wellness

Mr. Leover A. Loyola, Overseas Representative Officer of Land Bank (top row, 2nd from left) leads the webinar on financial wellness, in cooperation with the Embassy

13 March 2021 – Budgeting is a tool for financial success: this was the message communicated by the Overseas Filipino Bank (OFBank), the first branchless Philippine bank under the Land Bank of the Philippines, during a webinar entitled “Managing Your Personal Finances: Creating Your Personal Budget”, co-organized with the Philippine Embassy in Norway. The webinar was conducted via Zoom and livestreamed over the Embassy’s Facebook page for Filipinos in Norway and Iceland.

Mr. Leover A. Loyola, Overseas Representative Officer of Land Bank, provided practical steps for attendees to begin taking control of their personal finances, which is simply a matter of balancing income and expenses. He emphasized knowing one’s spending habits and developing the discipline to avoid unnecessary expenses as keys to successfully managing one’s budget.

Attendees were also oriented on services offered by the newly established OFBank. As a digital bank designed especially for overseas Filipinos, the OFBank offers features for easier opening accounts, remitting finances, and e-banking, as well as options to invest in government treasury bonds, for Filipinos abroad. Former Filipinos with Norwegian citizenship that attended the webinar were particularly interested in the OFBank and inquired as to how they may direct their savings and investments to this new banking platform.

The webinar is one of Post’s activities lined up for National Women’s Month this March. END

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