One Network Bank
From Wikipedia, the free encyclopedia
| One Network Bank | |
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| Type | Private |
| Founded | Davao City, Philippines (2004) |
| Headquarters | Km. 9 Sasa, Davao City, Philippines |
| Key people | Victor A. Consunji, Chairman Alex V. Buenaventura, President |
| Products | Financial Services |
| Net income | P231 million PHP(as of end of 2007) [1] |
| Employees | 832 (as of end of 2007) industry = Finance and Insurance |
| Website | www.onenetworkbank.com.ph |
One Network Bank, also known as ONB, is a rural bank based in Davao City in the Philippines. Formed in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte and the Provident Rural Bank of Cotabato. ONB is the largest rural bank in the Philippines in terms of assets, with a network of 70 branches and 61 ATMs throughout the provinces of Mindanao, including seventeen localities where it is the sole provider of financial services.
It is the first rural bank in the Philippines to receive the nod of the Philippine Clearing House Corporation to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank.
One Network Bank is an equity member of Megalink.
