I believe this news because in my country union bank was the only bank that offered Bitcoin direct buying and selling before the central bank hard to attacked Bitcoin by placing a direct bank involvement in cryptocurrency transactions, that is what placed the limitation on union bank attempt to keep developing on that services.
So since this is coming from the Philippines and now that the government of that country is taking steps to regulate Bitcoin and other cryptocurrency make it easier for the bank to go ahead with this kind of service, but we have to be aware of the privacy risk of using a centralized platform such as banks to buy and store our bitcoins.