BDO Unibank and its community banking branch, BDO Network Bank, have made a significant impact on Palawan province by providing essential banking services to communities and businesses. Together, they have played a crucial role in addressing the diverse financial needs of residents and promoting economic growth in the region.
Palawan, known for its natural beauty and biodiversity, is home to numerous communities and businesses. BDO and BDO Network Bank understand the importance of offering accessible and relevant banking services to help residents and businesses in Palawan achieve their financial goals.
With branches strategically located in key cities and rural areas, BDO and BDO Network Bank offer easy access to a wide range of financial products and services. Individuals can access personalized solutions like savings accounts, loans, microinsurance, remittances, and investment opportunities. Meanwhile, businesses can benefit from specialized services such as cash management solutions, online banking, and business loans to support their growth.
BDO Network Bank President Jesus Antonio S. Itchon emphasizes its commitment to empowering individuals, businesses, and communities with comprehensive banking solutions. They recognize the unique needs and challenges faced by these communities and are dedicated to providing the necessary financial tools and support for their success.
One of their key initiatives is microinsurance, which helps underserved communities build resilience. For just P500 in premium payments, BDO Network Bank customers can purchase the BDO Life Kabalikat Plan, offering up to P600,000 in accidental insurance coverage and up to P9,300 in hospital confinement allowance. This insurance helps individuals and communities recover from unexpected events, reducing financial burdens and preventing further poverty.
BDO Network Bank’s expertise in serving rural and microbusinesses is crucial for extending financial services to underserved communities in Palawan. Their commitment to financial inclusion ensures that even remote areas have access to essential banking services, enabling residents to secure their financial future.
Kabayan Savings, a remittance and deposit account for OFWs and beneficiaries, serves as a foundation for building financial stability. Direct deposits to Kabayan Savings provide opportunities for saving, investing, starting a business, or preparing for retirement. Opening an account requires only Php100 and one valid ID, providing account holders with exclusive promos and events from partners like SM and affiliates.
Additionally, BDO Cash Agad brings banking services closer to remote communities without traditional bank branches. Partner agents such as sari-sari stores, gasoline stations, water refilling stations, and mini-groceries enable customers to make cash withdrawals, pay bills, and conduct basic banking transactions conveniently.
As Palawan continues to grow as a desirable destination in the Philippines, BDO Network Bank aims to expand its reach and support micro-small businesses through its Kabuhayan Loan. This financial solution caters to micro, small, and medium enterprises (MSMEs) seeking additional funding for their operations or expansion. Business owners can borrow from P30,000 to P500,000 with flexible payment terms and no collateral required.
Many MSME owners in Palawan have expressed gratitude for BDO and BDO Network Bank’s on-the-ground banking activities. They acknowledge the significant assistance provided, saying, “Having a bank as a partner is a big help in our lives. We now have a safe place to keep our income and savings, access to loans to grow our businesses, and opportunities to learn more about financial management.”
BDO initiated its on-the-ground banking activities in 2014 and has since visited various provinces across the country, with Palawan being the 21st provincial area it has served.