One Network Bank - Recent Developments

Recent Developments

ONB further raises the bar for rural banking as it inaugurated its multi-storey corporate structure last May 21, 2012. Dubbed as the ONB Center, the P117.4 million worth edifice with 9,670 square meters of space is the new home of ONB Head Office staff of more than 300 professionals. ONB Center now counts among the major landmarks of Davao City.

In a momentous event, a gathering of joined the stockholders, officers and staff of ONB in the inaugural rites of the 7-storey ONB Center lastMay 21, 2012. Davao Archbishop Fernando R. Capalla officiated the blessing rites which started at 10:00 am. He was assisted by Archbishop Romulo Valles, Bishop Romulo Dela Cruz, Bishop Juan de Dios Pueblos, Fr. Jess Esparagoza, Fr. Gus Nazareno, Fr. Mervin Maglana, Fr. Reiner Franke, Fr. Alfredo Palomar and Msgr. Julius Rodulfa.

After the blessing rites, a Thanksgiving Mass was co-ncelebrated with more bishops and priests, namely: Archbishop Angel Lagdameo, Archbishop Orlando Quevedo, Bishop Wilfredo Manlapaz, Bishop Dinualdo Gutierrez, Bishop Julius Tonel, Bishop Antonieto Cabajog, Bishop Jose Romeo Lazo, Auxiliary Bishop George Rimando, Fr. Ritsche Gamaya, Fr. Junardela Victoria, Fr. Romeo Buenaobra and Fr. Nolan Olvido.

The inauguration of the ONB Center was graced by special guests Mrs. Fredesvinda A. Consunji, BSP Davao Regional Office Director Atty. Demetrio Casipong, Mrs. Josefa Consunji-Reyes and Davao City Councilor April Marie Dayap. Also present in the event were ONB's Board of Directors, led by Chairman Victor A. Consunji and President Alex V. Buenaventura. The ONB Center Inauguration program was then followed by the 2012 Annual Stockholders Meeting.

ONB Centerlocated along Km. 9, Sasa, Davao City was constructed by DMCI, recognized as the prime "Builder of Landmarks" in the country and a pioneer of advanced engineering technology application in Philippine construction. The building is rendered in a modern design and places a premium on efficient energy use. As a primary undertaking towards streamlining the Bank's branch support system and increasing back office efficiency, the ONB Center is a dedicated space for backstopping all of One Network Bank's branch and offsite operations. It substantially enhances the workspace of the head office units of the Bank with its spacious, comfortable and multi-functional features complete with state-of-the-art training facilities and a roofdeck with a chapel, a fitness gym and a basketball/badminton court.

With the inauguration of ONB Center, ONB strengthens its pursuit of being the prime provider of modern banking services to progressive communities. ONB continues to redefine rural banking with its delivery of innovative banking channels that serve countryside clients at every turn. Today, ONB operates with 85 branches in Mindanao, 1 branch in Makati and a fleet of 121 ATMs.

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