An assessment of Philippine banks' remittance business processes

• Main Author: Polancos, Ronaldo V.
• Format: text
• Published: Animo Repository 2007
• Subjects: Banks and banking—Philippines; Financial services industry—Philippines; Engineering; Industrial Engineering; Operations Research, Systems Engineering and Industrial Engineering
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/12399
• Institution: De La Salle University

According to Bangko Sentral ng Pilipinas, official remittances reached a record US$12.8 Billion in 2006 and the 2007 target of US$14 Billion Remittances was achieved and even surpassed. These are cash remittances from overseas Filipino workers (OFW) coursed through the banking channel. The bulk of r...