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LANDBANK Foundation runs FinLit, natural farming trainings in Lake Sebu

LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from right) receives a plaque of commendation from Lake Sebu Mayor Floro S. Gandam (4th from right) during the Financial Literacy Training Program and Natural Farming Management Workshop in Lake Sebu, South Cotabato on 20 January 2023. Joining them are  (L to R) LCDFI Chairperson Consuelo N. Padilla, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) through its foundation successfully conducted trainings on financial literacy and natural farming in this town on 20 January 2023, in line with the Bank’s commitment to advance financial inclusion while extending support to the agriculture sector.   In partnership with the Holy Child Central Colleges, Inc. (HCCCI) and the local government of Lake Sebu, the trainings were designed to enhance the technical capacity and livelihood skills of farmers, fishers, small and medium entrepreneurs, and LGU employees in the area. LANDBANK President and CEO Cecilia Cayosa Borromeo observed the training proceedings, together with Lake Sebu Mayor Floro S. Gandam, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin, and LANDBANK Countryside Development Foundation, Inc. (LCDFI) Chairperson Consuelo N. Padilla. “Apart from offering accessible credit, LANDBANK also provides innovative capacity-building interventions to our partners. We are promoting financial inclusion to advance economic opportunities and help spur sustainable development in local communities,” President Borromeo said. President Borromeo examines the natural fertilizers produced by the participants from the Natural Farming Management Workshop. Among the farmer organizations who participated in the one-day training workshop include the Lake Sebu Vegetable Association (LAS VEGAS), Lake Sebu Indigenous Women and Farmers Association (LASIWFA), and the MNLF Luhib Lake Sebu Coconut Farmers Organization (MLLSCFO).  Since July 2022, LCDFI has conducted 32 training sessions that benefitted a total of 6,000 farmers, fishers, and farm laborers from all the barangays of Lake Sebu. They form part of the total 300,300 training participants that LCDFI has supported nationwide from July 2020 until December 2022, located in 196 unbanked municipalities in 53 provinces. The LCDFI is a non-stock, non-profit corporate foundation of LANDBANK, and serves as its training arm to strengthen cooperatives and assist farmers and fishers in their development.

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LANDBANK taps Lake Sebu co-op as Agent Banking Partner

LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Lake Sebu Countryside Development Multipurpose Cooperative (MPC) Vice Chairman Felimon Elloran (leftmost) lead the signing of the Memorandum of Agreement to officially tap the cooperative as an Agent Banking Partner of LANDBANK in the municipality. Joining them are MPC Manager Rosie Makilan (2nd from left), and LANDBANK Senior Vice President Leila C. Martin (rightmost). LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) has tapped the Lake Sebu Countryside Development Multipurpose Cooperative (MPC) to serve as its Agent Banking Partner in this underserved municipality, as part of the Bank’s mandate to advance greater financial inclusion in the country. As a LANDBANK Agent Banking Partner, the Lake Sebu Countryside Development MPC will now offer basic banking services, such as card sale, cash-in, cash-out, fund transfer, and bills payment, as well as other services that may be offered by LANDBANK in the future. The cooperative will also service the cash requirements of around 13,700 beneficiaries of the National Government’s Conditional Cash Transfer (CCT) Program in the area, who previously had to travel to the municipality of Surallah to withdraw their cash grants.  “Our MOA signing represents a big step in providing access to banking services to the unbanked municipality of Lake Sebu. As we deliver our services closer to our customers here, we are also allowing them to enjoy lower transaction costs and save on travel expenses,” LANDBANK President and CEO Cecilia Cayosa Borromeo said. President Borromeo and Lake Sebu Countryside Development MPC Vice Chairman Felimon Elloran led the signing of the Memorandum of Agreement to formalize the partnership on 20 January 2023 at the Punta Isla Lake Resort in Lake Sebu. They were joined by the cooperative’s Manager, Rosie Makilan, and LANDBANK Senior Vice President Leila C. Martin. Under its Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no Bank presence.  As of 31 December 2022, LANDBANK has a total of 1,056 Agent Banking Partners nationwide, covering all 82 provinces and 827 municipalities. This includes 206 unbanked municipalities based on the list of the Bangko Sentral ng Pilipinas (BSP) as of December 2021, and 621 underserved municipalities or with limited LANDBANK presence.  The LANDBANK Agent Banking Program is in compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, wherein banks are allowed to serve customers through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand its reach and serve customers more efficiently.

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More LANDBANK-financed modern jeepneys to ply Iloilo City by February

LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa (3rd from left) and Western Visayas Transport Cooperative (WVTC) Chairman Raymundo G. Parcon (4th from left) lead the loan signing for the purchase of 95 modern jeepneys on 19 January 2023 at the Richmonde Hotel in Iloilo City. ILOILO CITY – Some 95 additional new modern jeepneys will start plying the city’s streets in February 2023 after the Land Bank of the Philippines (LANDBANK) and Western Visayas Transport Cooperative (WVTC) signed a loan contract for the acquisition of brand new and environment-friendly public utility jeepneys (PUJs).  LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa and WVTC Chairman Raymundo G. Parcon led the loan signing on 19 January 2023 at the Richmonde Hotel in Iloilo City. They were joined by WVTC General Manager Halley T. Alcarde and other co-op members, alongside LANDBANK Iloilo Lending Center Head, Assistant Vice President Giovani T. Baoy and other Bank officers.  The WVTC’s modern jeepneys will provide a convenient, safe, and comfortable commuting experience for Ilonggos in 13 routes in Iloilo City. The units will be equipped with air-conditioning, closed-circuit television (CCTV) systems, Wi-Fi connectivity, Global Positioning System (GPS), and a cashless payment system, among others. More than the safety and convenient features, modern jeepneys have minimal impact on the environment as these will be compliant with the European emission standards for globally-accepted vehicle exhaust emission limits. “LANDBANK remains committed to supporting the National Government’s agenda towards building a modernized transport system. We stand ready to assist more transport cooperatives and corporations nationwide to make the shift to safer and more efficient vehicles,” said LANDBANK President and CEO Cecilia Cayosa Borromeo.  LANDBANK’s financing for the purchase of modern jeepneys will also provide a sustainable source of income to over 700 operator and driver-members of WVTC, who were previously at risk of losing employment with the planned phaseout of old jeepneys. “Nagpapasalamat kami sa LANDBANK sa tiwala at tulong nito sa aming kooperatiba. Pumupunta sila sa aming opisina at talagang ginagabayan kami para matapos ang mga loan requirements. Sana magpatuloy pa ang tulong sa amin ng LANDBANK upang patuloy naming maserbisyuhan ang mga commuters sa Iloilo City,” said WVTC Chairman Parcon. The WVTC was formed in 2017 to comply with the Department of Transportation’s (DOTr) order to convert various associations of operators and drivers into a cooperative to operate modern PUJs. In April 2022, the cooperative was granted a franchise by the Land Transportation Franchising and Regulatory Board (LTFRB) to operate more than 550 units plying 13 routes in Iloilo City. The co-op plans to seek LANDBANK’s assistance again to fund its remaining approved units.  The modern jeepneys of WVTC are financed under the LANDBANK SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) Program, which directly supports the Public Utility Vehicle Modernization Program (PUVMP) spearheaded by the DOTr and LTFRB.  As of 31 December 2022, LANDBANK has approved P6.3 billion in loans to 138 transport cooperatives and corporations nationwide under the Program for the acquisition of over 2,860 modern jeepneys. Of this number, the Bank has extended P751.2 million to 10 borrowers from Iloilo to finance a total of 334 units.

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Surallah LGU taps LANDBANK for online collection of payments

(left) LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Surallah Mayor Pedro Matinong, Jr. (2nd from left) lead the ceremonial launching of the LANDBANK Link.BizPortal as an alternative payment channel of the Municipal Government of Surallah for the payment of local dues and fees online. (right) The two principals demonstrate the convenience of using the payment facility during the event launch on 20 January 2023 at the Surallah Municipal Hall.  SURALLAH, South Cotabato – In line with digitalizing public services, the Municipal Government of Surallah has partnered with the Land Bank of the Philippines (LANDBANK) to provide its constituents with an online payment option to settle local government fees.       Through the LANDBANK Link.Biz Portal, residents of the Municipal Government of Surallah can now conveniently pay fees and taxes online, eliminating the need to physically travel and queue at the Surallah Municipal Hall.  LANDBANK President and CEO Cecilia Cayosa Borromeo and Surallah Mayor Pedro Matinong, Jr. led the ceremonial launching of the Link.BizPortal on 20 January 2023 at the Surallah Municipal Hall. They were joined by Municipal Administrator Rene G. Garcia along with LANDBANK Senior Vice Presidents Celeste A. Burgos, Leila C. Martin, and Charlotte I. Conde.  “LANDBANK fully supports Surallah’s growth agenda in building quality infrastructure and in developing a bustling economic environment. We greatly appreciate the LGU for allowing us to be part of their digitalization journey to deliver convenient public services to its constituents,” said President Borromeo.  Through a Memorandum of Agreement (MOA), the LANDBANK Link.BizPortal will facilitate for the Surallah LGU payments for regulatory fees, such as license and permit fees, as well as real property and business taxes.  The Bank shall also ensure the online payment facility’s utmost security and report to the LGU the number and total amount of transactions or collections facilitated daily. “Nawa’y magamit natin ang teknoloyihang itong handog ng LANDBANK para mas mapabuti pa ang serbisyo ng LGU Surallah sa lahat ng ating mga mamamayan. Asahan po ninyo na kaisa ng LANDBANK and Surallah sa pagsulong ng mga teknolohiyang magpapagaan ng pamumuhay ng mga taga-Surallah,” said Mayor Matinong. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order No. 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is also in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).

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‘Hala Bira!’ LANDBANK supports Dinagyang Festival 2023

ILOILO CITY – (left photo) Field officers and employees of the Land Bank of the Philippines (LANDBANK) dance to pounding drumbeats during the Dinagyang Festival parade on 21 January 2023. (right photo) A booth was also put up in front of the LANDBANK Iloilo Branch in Iznart Street to accommodate inquiries on the Bank’s products and services from attendees of the festival, which was sponsored in part by the Bank. LANDBANK is servicing the banking and financial needs of Ilonggos across the province through its 14 branches, 70 Automated Teller Machines (ATMs), 44 Agent Banking Partners (ABPs), and the Iloilo Lending Center in Iloilo City.

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LANDBANK, Sarangani LGU sign P1-B loan for development; partner for digital payments

LANDBANK President and CEO Cecilia Cayosa Borromeo (5th from left) and Sarangani Governor Rogelio D. Pacquiao (4th from left) lead the signing of a P1-billion loan Term Sheet to fund the province's development projects on 19 January 2023 at the Grand Summit Hotel in General Santos City. They are joined by Vice Governor Dr. Elmer T. De Peralta (3rd from left) and Provincial Administrator Atty. Ryan Jay R. Ramos (2nd from left), together with LANDBANK Senior Vice Presidents Leila C. Martin (6th from left) and Ma. Celeste A. Burgos (rightmost), with Vice President Eden B. Japitana (leftmost). GENERAL SANTOS CITY, South Cotabato – The Land Bank of the Philippines (LANDBANK) has committed to provide the Provincial Government of Sarangani with P1-billion worth of loans to fund the province's various development projects.  LANDBANK President and CEO Cecilia Cayosa Borromeo and Sarangani Governor Rogelio D. Pacquiao signed the term sheet for the proposed loan on 19 January 2023 at the Grand Summit Hotel in General Santos City. They were joined by Vice Governor Dr. Elmer T. De Peralta, Provincial Administrator Atty. Ryan Jay R. Ramos, together with LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos, Leila C. Martin, Charlotte I. Conde, and Camilo C. Leyba, and Vice President Eden B. Japitana, among other Bank officers.   “LANDBANK fully supports the vision for Sarangani Province to have a self-sustaining and globally competitive economy. Together, let us continue to explore more avenues for collaboration, in the service of your constituents, and the nation at large,” said President Borromeo.  The loan was approved by the LANDBANK Board on 25 January 2023. Of the P1-billion loan, Sarangani eyes to allocate P500 million for the acquisition of several heavy equipment, P200 million for hospital and medical equipment, and P300 million for the establishment of the Provincial Agri-Fisheries Complex.  "My heartfelt appreciation and gratitude to LANDBANK for gladly opening its doors, once again, to the Provincial LGU of Sarangani with its proposal to raise as much as P1 billion to fund the province's programs and projects," Governor Pacquiao said.  The governor added that the funding support will "fuel the work of the Provincial LGU as we intensify our efforts in delivering more basic services to the people, as well as reach targeted goals for a more resilient, dynamic, and progressive Sarangani." Likewise, LANDBANK and the provincial local government of Sarangani signed a Memorandum of Understanding (MOU) for the use of LANDBANK’s electronic payment channel.  Through the LANDBANK Link.BizPortal, Sarangani residents can now digitally pay for fees, dues, and charges to the provincial government in real-time and at their convenience with just a few clicks on their computers or mobile devices. The Provincial Government of Sarangani joins 1,136 government and private partner merchants nationwide that have been enrolled in the LinkBizPortal system, as of end-December 2022.  From January to December 2022, the LANDBANK Link.BizPortal facilitated 5.8 million transactions with value of P11.6 billion, representing increases of 49% and 11%, respectively, year-on-year. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is also in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).

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LANDBANK, Israel Embassy explore partnership to boost PH development

LANDBANK President and CEO Cecilia Cayosa Borromeo (4th from left) and other Bank officers welcome Israeli Ambassador to the Philippines Ilan Fluss (3rd from left) on 17 January 2023 to discuss potential collaboration programs geared towards advancing innovation and development in the country. Joining them from Israel-based AgroStudies are CEO Yaron Tamir (2nd from left) and Deputy Inbal Shoval (leftmost).  To further strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (LANDBANK) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss paid a courtesy visit to LANDBANK President and CEO Cecilia C. Borromeo at the LANDBANK Plaza on 17 January 2023. The principals discussed Israel’s modern technologies and best practices for possible adoption in the Philippines, to be supported by LANDBANK’s expertise in agriculture and development financing. “LANDBANK continues to explore strategic partnerships to help advance national development. We look forward to collaborate with the government towards the adoption of innovative technology and approaches, especially in the agriculture sector,” said LANDBANK President and CEO Cecilia Cayosa Borromeo, who was joined by Senior Vice President Elcid C. Pangilinan and Assistant Vice President Edgardo S. Luzano during the meeting. Ambassador Fluss was joined by representatives from AgroStudies, an international training center in Israel which offers agricultural internships to students from developing countries, led by its CEO Yaron Tamir and Deputy Inbal Shoval.  A potential partnership to endorse qualified Filipino students to undergo advanced learning and skills development training in agriculture technology and innovation in Israel was also discussed, aimed to help develop a more sustainable agriculture sector in the country.

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President Marcos lauds LANDBANK’s virtual forum for agri players

President Ferdinand R. Marcos Jr. (leftmost), who is also Agriculture Secretary, extends his compliments to LANDBANK in the last run of the AgriSenso Virtual Forum on 05 January 2023, for supporting his administration’s development agenda towards revitalizing the agriculture sector. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (top row, rightmost) and LANDBANK President and CEO Cecilia Cayosa Borromeo (bottom row, rightmost) also delivered their messages, as Bank officers and other government partners lead the discussions on agri-mechanization, climate resilient agriculture, and greenhouse farming. President and concurrent Agriculture Secretary Ferdinand R. Marcos Jr. commended the Land Bank of the Philippines (LANDBANK) for supporting his administration’s development agenda for the agriculture sector through a series of virtual forums with local agri players to discuss present challenges and opportunities of growth.  “I congratulate Land Bank of the Philippines for taking the initiative to advance this administration’s mission of revitalizing the agricultural sector through the AgriSenso Virtual Forums,” said President Marcos in his video message during the last run of the LANDBANK AgriSenso Virtual Forum on 05 January 2023.  “This event is the perfect platform for key stakeholders to address matters of utmost urgency as we face modern-day challenges, along with the difficulties that have plagued the industry since time immemorial,” he added.  For his part, Finance Secretary and LANDBANK Chairman Benjamin E. Diokno highlighted the crucial role of LANDBANK in supporting agri players by ensuring that the entire agri value chain has access to much-needed credit and other financial services, as he emphasized the importance of an efficient and modern agriculture sector to ensure food security and reduce poverty incidence.  Apart from fostering collaboration among industry key stakeholders, LANDBANK President and CEO Cecilia Cayosa Borromeo said that the AgriSenso Virtual Forum is a good opportunity to offer LANDBANK’s financing programs and other support interventions. "LANDBANK fully supports the national government in realizing the development blueprint of this administration in modernizing the agriculture sector and achieving food sufficiency for the Philippines," she said. The seven sessions of the LANDBANK AgriSenso Virtual Forum, which ran from August 2022 to January 2023, gathered over 1,600 agricultural industry players and stakeholders nationwide to discuss key issues and concerns towards improving productivity and income. Each session was attended by industry experts from the Department of Agriculture (DA), Department of Agrarian Reform (DAR), and other concerned agencies who shared successful initiatives, industry challenges, and development plans of the National Government for each agriculture sub-sector.  Moderated by LANDBANK Vice President for Corporate Affairs Vivian M. Cañonero, the last AgriSenso Virtual Forum put the spotlight on agri-mechanization, climate resilient agriculture and greenhouse farming as the latest developments in the agriculture sector. The forum highlighted the importance of adopting modern farming technologies to reduce production costs and post-harvest losses, and enable agri players to increase farm productivity and income.  The forum featured Bureau of Agricultural and Fisheries Engineering (BAFE) Engr. IV Maria Evic Quigao, Philippine Center for Postharvest Development and Mechanization (PhilMech) Senior Science Research Specialist Engr. Allen Denver V. Mangaoil, LANDBANK Program Management Department I, Assistant Vice President Engr. Edgardo S. Luzano, and LANDBANK client Engr. Romeo S. Vasquez. In support of the country’s agricultural mechanization and transformation, LANDBANK offers the Agri-Mechanization Financing Program, with total cumulative loan releases of P687.7 million as of 30 November 2022 for the benefit of over 890 farmers.  LANDBANK also provides credit assistance under the Climate Resilient Agriculture Financing Program, to promote climate change mitigation and adaptation initiatives towards climate resilient agriculture. The Bank’s total loan releases under this program reached P1.9 billion as of end-November 2022.  Meanwhile, to help farmers shift towards a modern farming system through the adoption of greenhouse technology, LANDBANK is offering the Financing Program for Greenhouse Farming System. As of end-November 2022, the Bank has released a total of P8.6 million under the program.  The LANDBANK AgriSenso Virtual Forum forms part of the Bank’s overall support to the agriculture sector, facilitated by the LANDBANK Corporate Affairs Group (CAG) together with the National Development Lending Sector (NDLS) – Lending Program Management Group (LPMG).

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LANDBANK caps off 2022 with 4 new Agri-Hubs for farmers, fishers

LANDBANK officers and local government officials lead the opening of four (4) new Agri-Hubs located in (clockwise from upper left) San Fernando, Bukidnon; Plaridel, Misamis Occidental; Bongabong, Oriental Mindoro; and Claveria, Misamis Oriental. This brings the total number of LANDBANK Agri-Hubs in the country to 16 as of end-2022, designed to deliver financial services closer to farmers and fishers nationwide. The Land Bank of the Philippines (LANDBANK) wrapped-up 2022 with the opening of four (4) new Agri-Hubs located in the provinces of Oriental Mindoro, Bukidnon, Misamis Occidental and Misamis Oriental, expanding its physical touchpoints to better serve farmers and fishers in the country.  The state-run bank established the four Agri-Hubs in the last week of December, which will provide combined services of banking, lending and agrarian services to the country’s top rice-producing provinces, including unbanked and underserved rice farming areas.  “Our continued expansion of LANDBANK Agri-Hubs across the country forms part of our commitment to deliver responsive and timely financial services to the agriculture sector, especially to small farmers and fishers. We strive to make our banking products and services more accessible especially in underserved areas to help boost agricultural production and build stronger local communities,” said LANDBANK President and CEO Cecilia C. Borromeo.  LANDBANK opened its 13th Agri-Hub in the country in Plaridel, Misamis Occidental, to primarily serve over 23,000 farmers and fishers within the municipality and its neighboring town of Lopez Jaena under the leadership of Plaridel Agri-Hub Head Deborah L. Dalid.  Plaridel Vice Mayor Neite Gornez and LANDBANK Calamba (Misamis Occidental) Branch Manager Gina P. Baliton graced the opening of the Plaridel Agri-Hub on 26 December 2022.  LANDBANK established another Agri-Hub in Claveria, Misamis Oriental, to cater to the banking requirements of more than 13,000 farmers and fishers in the municipality. Claveria Mayor Meraluna L. Salvaleon-Abrogar, Vice Mayor Reynante L. Salvaleon, LANDBANK Vice Presidents Lina K. Pacio and Jimmy P. Arco, and Claveria Agri-Hub Head Marlita M. Cagas led the opening of the Claveria Agri-Hub on 28 December 2022.  Meanwhile, the Agri-Hub in San Fernando, Bukidnon was inaugurated on 29 December 2022 by San Fernando Mayor Rogelio C. Yeke, Vice Mayor Levi C. Edma, LANDBANK Valencia Branch Head Madelyn A. Rodriguez and San Fernando Agri-Hub Head Agnesita M. Llauder to service the municipality’s 24 barangays, including 11,000 farmers and fishers. On the same day, a LANDBANK Agri-Hub in Bongabong, Oriental Mindoro was opened by Bongabong Mayor Elegio A. Malaluan, Vice Mayor Richard S. Candelario, LANDBANK Pinamalayan Branch Head Lizza Mae F. Camposano and Bongabong Agri-Hub OIC May Fatima Torres, to provide accessible financial services mainly to the 12,233 farmers and fishers in Bongabong.  They were joined by Calapan Branch Head Ferdinand E. Abas, Roxas Mindoro Branch Head Lolita V. Apostol, Oriental Mindoro Lending Center OIC Elisa A. Laudencia, and Agrarian Operations Center IV Representative Henrich M. Ibaña.  LANDBANK Agri-Hubs offer banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns from landowners, bondholders, and agrarian reform beneficiaries (ARBs).  The opening of LANDBANK’s new Agri-Hubs raises the total number of the Bank’s Agri-Hubs in the country to 16, complementing the Bank’s 607 Branches and 58 Lending Centers nationwide, as of end-December 2022.

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Over 10,300 trike drivers to receive fuel subsidy

To ramp-up support for public utility vehicle (PUV) drivers amid rising fuel prices, the Land Bank of the Philippines (LANDBANK) and the Land Transportation Franchising and Regulatory Board (LTFRB) started distributing fuel subsidy worth P1,000 each to qualified tricycle drivers in the National Capital Region (NCR) and Regions I and III, on 10 January 2023. In partnership with the Department of the Interior and Local Government (DILG) and Local Government Units (LGUs), LANDBANK and LTFRB will disburse a total of P10.3 million to an initial 10,343 eligible tricycle drivers under the LTFRB’s Fuel Subsidy Program. “LANDBANK is committed to complete the distribution of fuel subsidy to all eligible tricycle beneficiaries in the most immediate time. We are one with our national and local partners in providing immediate support interventions to PUV drivers nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. All eligible tricycle drivers under the Fuel Subsidy Program, as identified by the DILG and LTFRB, can claim their subsidies via over-the-counter (OTC) transactions at designated LANDBANK branches nationwide. A representative from the concerned LGU will be present during the scheduled distribution of the fuel subsidy to verify the eligibility of the beneficiaries. To ensure the orderly distribution of the fuel subsidy, the LTFRB, DILG, and concerned LGUs informed the tricycle driver-beneficiaries prior to the payouts of the details of the distribution, such as the schedule of the distribution, the designated LANDBANK servicing branch nearest the beneficiary to facilitate the distribution, and the requirements to be presented to claim the fuel subsidy. The complete list of LANDBANK servicing branches and other reminders have also been posted on LANDBANK’s official social media channels, including Facebook @landbankofficial, Twitter @LBP_Official, and the LANDBANK Viber Community. In partnership with various government agencies, LANDBANK is the national government’s primary distribution arm for financial interventions as part of its commitment to serving the nation.

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LANDBANK AgriSenso: technical, credit assistance available to boost plantation crops

(clockwise from upper left) Department of Agriculture (DA) Bureau of Plant Industry Officer-in-Charge - Director Gerald Glenn F. Panganiban; LANDBANK Corporate Affairs Group Head, Vice President Vivian M. Cañonero; LANDBANK Program Management Department I Head, Assistant Vice President Edgardo S. Luzano; Kennemer Foods International, Inc. President Simon Bakker; and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) Operations Manager Mark Horace E. Gregorio lead the sixth run of the LANDBANK AgriSenso Virtual Forum, which puts the spotlight on boosting the production of plantation crops in the country. The Land Bank of the Philippines (LANDBANK) gathered farmers and stakeholders to discuss the National Government’s support interventions to boost the local production of plantation crops, as part of the Bank’s commitment to serve the diverse requirements of the agriculture sector. During the sixth run of the LANDBANK AgriSenso Virtual Forums, Department of Agriculture (DA) Bureau of Plant Industry OIC-Director Gerald Glenn F. Panganiban, Ph.D. and LANDBANK Assistant Vice President Edgardo S. Luzano led the discussions on the available technical and credit assistance for farmers engaged in the production of plantation crops, such as banana, cacao, coffee, rubber and pineapple. They were joined by Kennemer Foods International, Inc. President Simon Bakker and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) Operations Manager Mark Horace E. Gregorio, who shared how LANDBANK’s affordable financing programs helped expand their operations and boost their income. For his part, DA OIC-Director Panganiban shared updates on the local industries of plantation crops as well as challenges experienced by the subsector, which include limited infrastructure and post-harvest facilities, high cost of production, and limited access to quality planting materials, among others. To address these challenges, he presented various support interventions for farmers under the DA’s High-Value Crops Development Program (HVCDP), including the distribution of planting materials, machineries and equipment, construction of facilities, and capacity building activities for farmers. LANDBANK lending programs Meanwhile, LANDBANK Assistant Vice President Luzano presented LANDBANK’s available credit programs to further strengthen support for the various industries of plantation crops. Under the Sulong Saka Program, LANDBANK can finance the production of high-value crops and other related projects, such as the establishment of nursery, budwood/mother plant/parent clone gardens, as well as the establishment of new plantations, and the replanting, rejuvenation and rehabilitation of old trees.  Individual small farm holders, small and medium enterprises (SMEs), cooperatives, farmers associations and organizations, large agribusiness enterprises and corporations, local government units (LGUs), non-government organizations (NGOs), and countryside financial institutions (CFIs) may avail loans under the Program. As of end-October, LANDBANK has approved P17.8 billion in loans to 1,245 borrowers under the LANDBANK Sulong Saka Lending Program. To support the agricultural value chains of cacao, coffee, coconut, and processed fruits and nuts, LANDBANK is also offering the Rural Agro-enterprise Partnership for Inclusive Development and Growth or RAPID Growth Credit Facility, in partnership with the Department of Trade and Industry (DTI) and funded by the International Fund for Agricultural Development (IFAD). This Credit Facility aims to provide strategic business development interventions and matching grants to support qualified Program beneficiaries endorsed by the DTI, including cooperatives, farmers' associations and organizations, NGOs, and Micro, Small and Medium Enterprises (MSMEs) in selected provinces in Regions 8, 9 10, 11, 12, 13 and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Loans availed under the facility can be used for production, including the development of new plantation, replanting, rejuvenation, and rehabilitation of old trees; establishment of nursery gardens; post-harvest activities; processing or manufacturing, packaging and storing, as well as trading. Jointly organized by the LANDBANK Corporate Affairs Group and Lending Program Management Group, the LANDBANK AgriSenso Virtual Forums form part of the Bank’s response to the request of customers and stakeholders to have more opportunities to learn more about the Bank’s available credit facilities.

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