Unlike other private owned remittance companies, we operate in a professional banking environment. Our associates are well versed in all aspects of financial trading, Anti Money Laundering policies, and customer service.

We pride ourselves on our proven track record for effectively capturing a majority of the European OFW remittance market and we are continuously working to improve our services.

Our management is dedicated to ensure that all our business requirements are met within allotted restraints and time schedules.

It is CBN Grupo’s vision to elevate Filipino-owned businesses and make it at par with local businesses in Europe. From choosing prime office locations, hiring highly qualified personnel, to all the other facets of its business operations, CBN Grupo ensures that a high level of international standard is met.
 
Through CBN Grupo’s first class service and well-trained staff, it has a significant market presence in the countries it operates. All CBN offices are fully regulated by respective authorities in the countries where it operates. Each office has its own Anti- Money Laundering procedures in place accordance with the law and regulations in the country where it operates and management ensures that the Anti Money Laundering procedures being imposed in all its branches exceed the minimum standards. 

CBN GRUPO INTERNATIONAL HOLDINGS B.V. is a holding group of european companies newly Registered in Maastricht, The Netherlands last February 2009 under registration number 14096198. CBN Grupo is currently comprised of four companies namely CBN London Ltd., CBN Ireland Remittance Centre, Ltd., CBN Remittance Centre S.A. and CBN Greece S.A..

Aside from the branches mentioned in the chart below, CBN Grupo is also currently undertaking preparations to expand its operation in other parts of Europe where it sees substantial business growth in the future. It is exploring to set up offices in Austria, Norway, and France

Being in the remittance business, the Company recognizes the great risk of clients using its services for money laundering purposes, therefore its main objective is to implement strict internal anti-money laundering procedures and employ a very strong ‘Know Your Customer’ policy to protect its business from money laundering clients and to ensure best practice. This is implemented through the following procedures and guidelines:

First time clients must first register with the Company by filling up the Customer Information Sheet and submit at least one (1) of the following forms of identification:

Only original or certified photocopies of documents are accepted. Certification may be carried out by a lawyer, banker, accountant, medical doctor, minister of religion, postmaster, teacher, or embassy official.  The certifier must sign and date the photocopy and record their name, business address, contact number, and personal qualification.  They must note “Certified photocopy of the Original” or a similar authentication in their preferred wording, on each of the photocopied documents.

Through its strategic partnership with Banco De Oro (BDO), CBN Grupo is able to provide beyond the traditional remittance services. Thru BDO, it offers a wide array of services conveniently available to Overseas Filipino Workers and their beneficiaries including the following:

-PICK UP ANY WHERE
Whereas other banks can only provide remittance payouts limited to their banking hours and days, BDO’s cash pickup anywhere service gives beneficiaries the convenience of claiming their remittance on their desired location and time.

BDO Branches
The distribution channels transcend the normal banking hours as majority of BDO branches are open until 6pm and branches inside the SM malls are also open on weekends until 7:00 pm. (SM malls are very large shopping malls with very high customer numbers). With over 600 branches nationwide, this channel truly addresses CBN’s need to provide convenience to its clients.

SM Forex Counters in SM Department Stores and SM Hypermarkets
Appropriate to the ever changing lifestyle of the client’s families in the Philippines, BDO has chosen the SM malls for servicing remittances through its SM Forex counters. BDO is the only bank which has access to the SM Department Stores, the biggest retail chain in the Philippines, giving beneficiaries of the Overseas Filipino Workers the ultimate convenience. This makes it a one-stop shop destination where money is available 7 days a week up to 8:00 pm in 30 SM Supermalls and 11 Hypermarkets.

Rural Bank Partners
For families in the remote areas of the country, only BDO has partnered with several rural banks where beneficiaries can claim the remittance in the most expedient manner. With more than 180 rural bank branches all over the Philippines, this has created a new dimension of convenience in claiming remittances.

The following is the current number of BDO Remit Pick up Centers as of March 2008:

BDO Branches                                               458
EPCI Branches                                              156
BDO onsite                                                       18
SM Forex Counters                                         42
Rural Banks                                                   182
MLHuillier (ML Kwarta Padala)                   978
                                                            Total   1,834