Outsourcing to the Philippines helps local banking industry soar

OABPO Blog Team Published on December 12, 2013

Outsourcing-to-the-Philippines
Businesses that are outsourcing to the Philippines contributed to the local banking industry’s fairly strong and growing status despite the devastation brought by Super Typhoon Haiyan.
The latest Global Credit Research by Moody s Investors Service praised the Philippines for sustaining possible financial blows and keeping pace with other equally strong Asian economies.

Outsourcing-to-the-Philippines--

“Philippine banks are an outlier, with their credit profiles remaining on an improving trend, benefiting from a strong economic outlook, even after recent disasters and the absence of concerns about excessive credit growth,” said Moody s managing director Stephen Long.
The Moody s research further claimed to have a positive outlook for Philippine banks, as liquidity and asset quality remain ample although loans outpaced deposits and some assets were reported to have been impaired.
Philippine banking owes much of its laudable performance to the local business process outsourcing (BPO) industry, which is estimated to bring in $16 billion revenues this year.
The BPO sector has been continuously catching up with and is expected to surpass the country’s main revenue accumulator, the remittances by overseas Filipino workers (OFW).
Outsourcing to the Philippines in 2014 poses to become an even more fruitful venture because of the forecasted 7.5% growth of the Philippine gross domestic product.
Open Access BPO is a fast-growing outsourcing firm that operates in the Philippines’ premier business district, Makati. Visit our website or join us on Google+ to know how our services can help your business grow.
 
 

Join us on facebook
Open Access BPO 3 days ago
#TeamOABPO Davao marked #CustomerServiceWeek with a full week of engaging and fun activities. The celebrations brought everyone together through friendly competitions, shared meals, and moments that recognized the people who deliver excellent support to our clients every day.

It was a meaningful way to show appreciation for the teams who help us build lasting partnerships and deliver dependable customer experiences.

#OABPOCSWeek2025
#CSWeek2025 #MissionPossible
#CSWeek #WeAreOABPO
Open Access BPO 4 days ago
𝗢𝗽𝗲𝗻 𝗔𝗰𝗰𝗲𝘀𝘀 𝗕𝗣𝗢 𝗼𝗻 𝗖𝗦 𝗪𝗲𝗲𝗸 𝟮𝟬𝟮𝟱:
𝗖𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗶𝗻𝗴 #TeamOABPO, 𝗢𝘂𝗿 𝗘𝘃𝗲𝗿𝘆𝗱𝗮𝘆 𝗛𝗲𝗿𝗼𝗲𝘀

We recently wrapped up another awesome #CSWeek filled with fun activities, laughter, and appreciation for our amazing #CustomerService teams!

From games and challenges to team bonding and well-deserved treats, the week was all about celebrating the people who make Open Access BPO shine every single day.

At the heart of everything we do is our people. Our success comes from their dedication, passion, and commitment to providing world-class service. That's why we're proud to be an employee-first company, where hard work is recognized, and everyone's contribution truly matters.

We had a blast celebrating our #CustomerServiceWeek champions, and we're already looking forward to making CS Week 2026 even bigger and better!

#OABPOCSWeek2025
#CSWeek2025 #MissionPossible
#WeAreOABPO
Open Access BPO 12 days ago
𝗢𝗽𝗲𝗻 𝗔𝗰𝗰𝗲𝘀𝘀 𝗕𝗣𝗢 𝗞𝗶𝗰𝗸𝘀 𝗢𝗳𝗳 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗪𝗲𝗲𝗸 𝟮𝟬𝟮𝟱

Open Access BPO launched its #CustomerServiceWeek 2025 celebration with an event honoring its #CustomerSupport teams.

This year's theme, Mission: Possible, celebrates how #TeamOABPO turns every #CustomerExperience challenge into success through skill, dedication, and teamwork.

A special highlight was a client video thanking employees for their commitment and excellence. Throughout the week, team members across all sites will enjoy themed games and activities leading up to a grand finale recognizing top performers.

#CSWeek remains one of Open Access BPO's most anticipated traditions, celebrating teamwork, recognition, and fun at work.

#CSWeek2025
#OABPOCSWeek2025
#WeAreOABPO #MissionPossible
Open Access BPO 16 days ago
We're stepping into the future.

The next chapter of Open Access BPO is almost here.

Be part of it.