ONB president Alex V. Buenaventura said three of these new branches will be in Manay, Davao Oriental, Malaybalay, Bukidnon and Tibungco.
During the 3rd Annual ONB stockholders' Meeting held at the Davao Trade and Convention Center over the weekend, the bank paid out P171.4 million as dividends to its stockholders, P164.1 million of which is in the form of shares of stocks and P7.3 million in the form of cash.
"This in turn, provides ONB with the financial capacity to invest in the needed infrastructure and in technology for the expansion of its branch network and the deployment of ATM services in the countryside," the bank said.
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