SSS cites PNB for outstanding OFW remittance service

November 7, 2009 11:46 pm 

MANILA, Nov. 8 — The Philippine National Bank (PNB) was recently named as Best Collecting Bank for overseas Filipino worker (OFW) Remittances by the Social Security System (SSS) under its 2009 Balikat ng Bayan Awards.

This is the fifth straight year that PNB was given this award. The distinction recognizes PNB’s vital service in facilitating collection of contributions from SSS members based overseas as well as its international reach and affordability of remittance services.

PNB is a valuable partner of SSS in servicing the needs of its members both here and abroad. Through the bank’s overseas bills payment facility, OFWs can conveniently pay their SSS dues and amortizations over-the-counter at any PNB overseas branch.

This year, PNB also received the 2008 Straight-Through Processing (STP) Award from Commerzbank AG in recognition of its high efficiency in delivering Euro-denominated commercial payments and financial transfers to the bank. PNB is likewise the recipient of the 2009 Global Excellence Award as the Most Outstanding Remittance Bank for its wide array of remittance products and services; affordable fees and strong brand recognition.

PNB is the country’s fourth biggest private commercial bank in terms of assets, deposits and capital as of June 30, 2009. Its distribution network is one of the most extensive with 324 domestic branches, 404 ATMs and 110 overseas branches and offices. (PNA)



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