Dads authorize Mayor Moreno to apply for online banking facility with DBP

THROUGH an ordinance, the 19th City Council during its regular session Monday presided over by Vice Mayor Raineir Joaquin V. Uy authorized City Mayor Oscar Moreno to apply, for and in behalf of the city government of Cagayan de Oro, for an online banking facility with the Development Bank of the Philippines (DBP).

The online banking facility is called the DBP Digital Banking Portal (DBP 2 or DBP Squared).

The Council designated Mayor Moreno and City Treasurer Jasmin Maagad as the Authorized signatories for the DBP 2.

The legislation was certified as urgent by Mayor Moreno.