BSP Governor and Monetary Board Chairman Nestor A. Espenilla Jr. and Monetary Board Member Juan D. De Zuñiga Jr. present the “Gold Hall of Fame Award” for the Credit Surety Fund category to LANDBANK President and CEO Alex V. Buenaventura and Executive Vice President for Agricultural and Development Lending Edward John T. Reyes at the 14th Awards Ceremony and Appreciation Lunch for BSP Stakeholders.
For its outstanding contribution to the Credit Surety Fund (CSF) Program led by the Bangko Sentral ng Pilipinas, LANDBANK was conferred with the “Gold Hall of Fame” award in the 14th Awards Ceremony and Appreciation Lunch for BSP Stakeholders held recently at the BSP Complex in Manila.
The Gold Hall of Fame is given to awardees that have won in the same category for three consecutive years. LANDBANK has been consecutively recognized as an “Outstanding Lending Bank” under the CSF category since 2013.
“We are grateful for this recognition, which inspires us all the more to strengthen our support for the Credit Surety Fund program. We strongly share the program’s objective of making bank credit more accessible to MSMEs, who are our important partners for progress and development,” said LANDBANK President and CEO Alex V. Buenaventura.
Initiated by BSP in 2008, the Credit Surety Fund is a credit enhancement scheme that aims to improve the bankability and credit worthiness of microenterprises and SMEs including cooperatives, which are short of collaterals and often face difficulty in obtaining loans from banks due to lack of collaterals, credit knowledge, and credit records. The fund is created by pooling cash contributions from participating cooperatives, local government units and other partner institutions.
As of December 2016, LANDBANK has approved more than P3 billion in loans under the program, of which P1.8 billion was released to 35,373 CSF beneficiaries all over the country. Meanwhile, of the Bank’s approved contributions at P116.9 million, P90.3 million was released to 37 CSFs nationwide as of end-2016.
LANDBANK also received awards for “Best CSF Lending Bank” and “Outstanding CSF Program Partner”.
Themed “Transforming Shared Visions into Dynamic Partnership”, the awards ceremony is a “tribute to institutions that have continuously supported the BSP’s statistical initiatives, information requirements, advocacy programs and the effective delivery of its function”.
DENR Kamagong Award
State-run Land Bank of the Philippines (LANDBANK) was awarded by the Department of Environment and Natural Resources (DENR) with the first-ever Gawad Kamagong award for the Bank’s unwavering support to environmental advocacy through long-term volunteer work. Considered as the highest recognition for volunteer partners, the Gawad Kamagong was awarded to LANDBANK for implementing volunteer programs that support the protection and rehabilitation of watersheds and for uplifting the livelihood of its partner community organizations. Click here for more information.LEARN MORE
2020 Corporate and Investment Banking Awards held by Asian Banking and Finance
LANDBANK bagged the ‘Innovative Deal of the Year’ and ‘Corporate Client Initiative of the Year’ Award in the first digital award ceremony for Corporate and Investment Banking Awards held by Asian Banking and Finance (ABF). ABF recognizes outstanding banks that have introduced innovative products and services that successfully adapted to the dynamic technological landscapes in the market. It also recognise banks with successful deals and innovative initiatives that made a positive impact to their clients. This is the first time that LANDBANK won these awards from ABF. As the Innovative Deal of the Year, the Bank’s role as the Joint Lead Issue Manager in the maiden issuance of the Premyo Bonds Para sa Bayan was lauded. The National Government issued Premyo Bonds through the Bureau of the Treasury and sought to involve small investors in the capital market by providing a risk-free, and affordable investment. Investors also have a chance to win cash and non-cash rewards. Meanwhile, the Bank received the Corporate Client Initiative of the Year Award for its role as the Sole Arranger and Underwriter for the National Home Mortgage Finance Corporation’s (NHMFC) P270.25 Million BALAI (Building Adequate Livable Affordable and Inclusive Filipino Communities) Bonds 1 Issuance. BALAI Bonds 1 is a Residential Mortgage-backed Security (RMBS) backed-up by low-cost and socialized housing loans to support the administration’s initiative to address the housing backlog of the country.LEARN MORE
Karlsruhe Sustainable Finance Awards 2020
State-run Land Bank of the Philippines (LANDBANK) was presented with a Certificate of Merit for “Best Innovation in Financial Services” in this year’s Karlsruhe Sustainable Finance Awards held in Karlsruhe, Germany last September 30, 2020. This is the 8th consecutive year that LANDBANK has received the honor since 2013. Click here for more information.LEARN MORE