20 November 2018
The 2019 OFBank Planning Session was held on 20 November 2018 at the Ground Floor of OFBank Head Office, Liwasang Bonifacio Manila. The session was attended by all the group / department/ unit heads of OFBank. The planning session focused on the gap analysis of each unit, wherein the business units and the support units were required to present their financial targets and regulatory requirements, the resources needed to achieve expectations, the approved resources and the anticipated gaps that should be addressed.
President Eje presented the OFBank 5-Year Strategic Business Plan – 2019 to 2023 as approved jointly by the OFBank and LANDBANK Board of Directors. This shall then be the basis of the Bank’s 2019 Business Plan and Budget geared towards the fulfillment of the “One-Branch Bank Digital Model” of OFBank.
The one-day planning session ended summarizing the gaps and activities to be done to achieve the targets as the Bank transitions to the new OFBank. The targets will be continuously monitored by the Management and the Board of Directors as the Bank moves towards achieving its goal for the year 2019 with the help and support of its parent bank, Land Bank of the Philippines (LANDBANK).