Jul 10, 2020

DBP installs ATMs in underbanked Palawan towns

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.

Access to 24/7 electronic banking services now available in Narra and Quezon, Palawan; and is also expected to serve the needs of nearby municipality of Rizal.

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.

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