BDO Unibank Inc. will enhance its financial literacy activities in Mindanao next year to help overseas Filipino workers (OFWs) and their families better manage their funds.
At a press conference Saturday during the bank’s event to honor OFWs, BDO Senior Vice President Geneva T. Gloria said they will “collaborate with the (SM) malls” in providing financial education to OFWs and their relatives in Mindanao.
The bank will also tap its subsidiary BDO Network Bank, which has about 100 branches in Mindanao. “Raising their financial knowledge should start at the onset, meaning, we teach them what they can do with their hard-earned money by allocating a portion to savings and looking for investments which can serve their-term goals,” Ms. Gloria, also the head of remittance distribution, said. BDO’s Kabayan Savings, a product specifically for OFWs, has about two million accounts. — Carmelito Q. Francisco