OwnBank to apply for commercial banking license - BusinessWorld Online

OwnBank to apply for commercial banking license - BusinessWorld Online

OWN BANK, The Rural Bank of Cavite City, Inc. (OwnBank) is planning to apply for a commercial banking license as it looks to expand its product offerings. “So, [the central bank] was actually telling us to apply for a digital bank license. We thought that whatever a digital bank can do, we can also do. So, we upped the ante.  Actually, I was hired here for it to be converted as a commercial bank,” OwnBank President and Chief Executive Officer Jo…