In support of the national government’s efforts to promote greater financial inclusion, state-owned Development Bank of the Philippines (DBP) recently installed offsite automated teller machines (ATMs) in the underbanked municipalities of Quezon and Narra in Palawan, a top official said.
President and chief executive officer of DBP, Emmanuel Herbosa, said in a news release issued on Wednesday that the installation of the ATMs mirrors the bank’s commitment to promoting financial inclusion, especially in underbanked and unserved areas of the country.
“These newly-installed ATMs will provide 24/7 electronic banking services to nearly 200,000 residents of the municipalities of Quezon and Narra, Palawan and the neighboring unbanked town of Rizal,” he said.
While classified as first-class municipalities, both Narra and Quezon, Palawan are underbanked with only two rural banks operating in these areas.
About Post Author
