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LANDBANK, SariSuki unite to empower farmers with accessible credit
[L-R] SariSuki Head of Agritech Department Joselito Lontok, Co-founder and Chief Executive Officer Brian Cu, LANDBANK President and CEO Lynette V. Ortiz, and Executive Vice President Ma. Celeste A. Burgos hold the memorandum of agreement for the AGRISENSO Lending Program partnership. Land Bank of the Philippines (LANDBANK) has partnered with SariSuki, a leading Philippine agritech startup, which aims to revolutionize the agricultural supply chain through the Bank’s AGRISENSO Lending Program. This strategic alliance aims to support over 300 small farmers and Agrarian Reform Beneficiaries (ARBs) by providing accessible financing, hands-on guidance, and a reliable market for their produce, aiming to enhance livelihoods and contribute to long-term food security. LANDBANK President and CEO Lynette V. Ortiz emphasized the partnership as a strategic move to support small farmers and boost crop production. “Through the combined networks, expertise, and resources of SariSuki and LANDBANK, we can effectively meet the financial needs of our farmers while providing crucial production, technical, and marketing assistance to enhance their productivity and income," she said. Under the partnership, SariSuki will serve as the primary buyer of farmers' produce, integral to its mission of building a vertically integrated agriculture superhighway. Brian Cu, Co-founder and CEO of SariSuki, explained, “By providing a stable market, and technical support in farming, business management, and financial literacy, we address farmers’ key challenges. Backed by LANDBANK’s financing, we aim to uplift farmers' livelihoods, ensure business sustainability, and enhance food security. For its part, LANDBANK will be extending to eligible partners endorsed by SariSuki the AGRISENSO Lending Program that provides affordable financing to small farmers, Agrarian Reform Beneficiaries (ARBs), and the whole agriculture value chain, aimed at bolstering nationwide food security and sufficiency. A key element of this partnership is SariSuki's commitment to directly pay the principal of farmers' loans to LANDBANK, allowing farmers to immediately profit from their earnings, providing financial relief, and encouraging reinvestment in their farms. The collaboration seeks to lower the cost of fresh produce by integrating SariSuki’s supply chain with an omni-channel demand network and sourcing directly from local farmers. Through these efforts, SariSuki is driving meaningful change in the agricultural sector, ensuring the abundance, accessibility, and affordability of wet market goods. The partnership also aims to expand SariSuki’s network by working with LANDBANK’s Lending Centers in key agricultural regions like Nueva Ecija, Quezon, Laguna, and Cavite welcoming new farmers while continuing to support existing members. Since the launch of the AGRISENSO Lending Program this year, LANDBANK has supported over 1,766 borrowers nationwide with P272 million in approved loans. The Program is being offered at the Bank’s “Bilis Ipon: Digital Financial Inclusion Caravan” rollouts, which has brought banking and financing services closer to farmers in 17 underserved areas nationwide, including most recently Himamaylan City, Negros Occidental. Together, LANDBANK and SariSuki are building an innovative ecosystem that integrates financial support, market access, and technical assistance to uplift farmers and strengthen the agricultural sector. This collaboration is a significant step toward transformative change, fostering a more prosperous future for farmers, broader agricultural growth, and a food-secure nation. About LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide. About SariSuki Sarisuki is an Agritech and ECommerce Startup that aims to improve the accessibility, affordability, and ultimately abundance of Fresh produce in the Philippines. The three year old startup is building an "Agri Super Highway" connecting farmers/producers to its multiple demand channels. SariSuki leverages the power of local communities to transform the agricultural supply chain and positively impact the lives of Filipino Ka-Sangga (farmers), Ka-Sari (community leaders/sellers), and Ka-Suki (consumers), and the larger community. Sarisuki aims to bridge the gap between these stakeholders and create a sustainable, equitable, and transparent agri-futures.
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LANDBANK backs Prime Infra’s sustainability push with P5-B boost
LANDBANK President and CEO Lynette V. Ortiz (3rd from right) and Prime Infra President and CEO Guillaume Lucci (4th from right) ink a P5-billion loan agreement to partially fund Prime Infra’s projects across its core sectors. Joining them are Prime Infra Chief Finance Officer Sandy Alipio (5th from right) and Treasury Head Emma Villa del Rey (leftmost), alongside LANDBANK Executive Vice President Ma. Celeste A. Burgos (2nd from right), and Senior Vice President Lucila E. Tesoreso (rightmost) as witnesses. Land Bank of the Philippines (LANDBANK) has approved a P5-billion loan to Prime Infrastructure Capital, Inc. (Prime Infra) to bolster its sustainability projects, marking the first partnership between the two institutions. The P5 billion loan facility will be utilized to partially finance working capital requirements of Prime Infra’s pipeline projects across its core sectors — water, sustainable energy, and waste management and sustainable fuels. This financing aligns with LANDBANK’s commitment to advancing sustainability initiatives and promoting sound environmental management. LANDBANK President and CEO Lynette V. Ortiz and Prime Infra President and CEO Guillaume Lucci formalized the loan agreement on 4 September 2024 at the Three E-Com Center in Pasay City. They were joined by Prime Infra Chief Finance Officer Sandy Alipio, Treasury Head Emma Villa del Rey, and Treasury Manager Kaila Almendarez, together with LANDBANK Executive Vice President Ma. Celeste A. Burgos, Senior Vice President Lucila E. Tesoreso, and Vice President Jell B. Ong. “We are excited to embark on this new partnership with a recognized leader in building critical and socially relevant infrastructure. Our common goal of enhancing lives and fostering resilient economies makes this loan facility a truly mutually beneficial endeavor,” said LANDBANK President and CEO Ortiz. LANDBANK’s financial support will enable Prime Infra to accelerate its initiatives in critical infrastructure sectors, thereby contributing to the country’s economic growth and environmental resilience. “This partnership with LANDBANK is a significant step forward in our commitment to developing sustainable and resilient infrastructure. It will enable Prime Infra to further accelerate the progress of our projects in sustainable energy, water supply, and waste management,” said Prime Infra President and CEO Lucci. This significant financing deal reaffirms LANDBANK’s role as a key partner in driving sustainable development and supporting projects that align with the country’s environmental and economic goals. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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Pag-IBIG honors LANDBANK as top government employer
Land Bank of the Philippines (LANDBANK) was recently honored as Top Government Employer under the National Government category during the Home Development Mutual Fund Stakeholder Accomplishment Report (Pag-IBIG StAR) in the National Capital Region, for having the most number of employees who voluntarily raised their contributions in 2024. LANDBANK Executive Vice President Alan V. Bornas (3rd from right) accepted the citation from Pag-IBIG CEO Marilene C. Acosta (center), alongside Deputy Chief Executive Officer Benjamin R. Felix Jr. (3rd from left), Senior Vice President Atty. Marie Antoniette D. Diaz (2nd from right), and Vice Presidents Perlacita A. Roldan (rightmost), Florencio Pedro O. Galang Jr. (leftmost), and Atty. Marciano C. Pimentel Jr. (2nd from left). (photo courtesy of Pag-IBIG Fund)
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LANDBANK offers enhanced loans, cash support for emergencies
To address urgent financial needs during emergencies, Land Bank of the Philippines (LANDBANK) has expanded its available loan packages for businesses and individuals affected by calamities and natural disasters to help facilitate and fast-track rebuilding efforts. Under the enhanced LANDBANK CARES+ (Community Assistance and REintegration Support Plus) Lending Program, affected farmers and fishers, cooperatives, micro, small and medium enterprises (MSMEs), corporations, and electric distribution utilities may access loans to finance their recovery and restore regular business operations. Eligible borrowers may use the funds for working capital, capital expenditures, and the construction, repair or acquisition of disaster-damaged equipment, facilities and structures. Electric distribution utilities can also use the loan as short-term working capital for the incremental increase in generation and distribution expenses. “We want to boost the ability of our clients and partners to recover quickly from calamities and disasters. We have expanded our accessible financial support interventions to help build resilience and expedite response and rehabilitation efforts,” said LANDBANK President and CEO Lynette V. Ortiz. For employees of government agencies and companies with LANDBANK payrolls, the state-run Bank is also offering Electronic Salary Loan (eSL) that provides convenient and quick access to funds. Eligible borrowers can apply for the eSL online via the LANDBANK website, iAccess, or Mobile Banking App (MBA), with loan proceeds directly credited to their accounts. Existing eSL borrowers who have maintained good payment standing for at least three months can also quickly renew their loans. The Bank will also soon introduce its new “EasyCash for Emergencies” feature for LANDBANK credit cardholders, which allows clients to convert their available credit limits into emergency cash with flexible repayment options of up to 36 months. Eligible cardholders will receive an SMS and email from LANDBANK confirming their eligibility for the credit limit conversion, and the funds will be credited to their LANDBANK deposit account. Customers may also call the Bank’s Customer Care to request for the cash conversion. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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LANDBANK recognized as outstanding BSP partner
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (leftmost) and Deputy Governor Bernadette Romulo-Puyat (rightmost) present a plaque of recognition and a special token to Land Bank of the Philippines (LANDBANK) President and CEO Lynette V. Ortiz (center), along with Executive Vice Presidents Liduvino S. Geron (2nd from right) and Leila C. Martin (4th from right), during the 2024 Outstanding BSP Stakeholders Appreciation Ceremony on 02 August 2024 at the BSP Head Office in Manila. LANDBANK was recognized for its strong support in the circulation and usage of the 1000-Piso polymer banknotes. The state-run Bank was also lauded for its vital role as the distribution arm of the National Government’s social welfare programs, ensuring the timely, safe, and efficient disbursement of cash aid to Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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LLFC-ULFC merger to boost financing for enterprise expansion
Land Bank of the Philippines (LANDBANK) welcomed the recent issuance of Executive Order No. 65, which authorizes the merger of the LANDBANK Leasing and Finance Corporation (LLFC) and UCPB Leasing and Finance Corporation (ULFC). President Ferdinand R. Marcos Jr. signed EO 65 on 6 August 2024, which effectively merges the two leasing and finance corporations, with LLFC as the surviving entity. Both LLFC and ULFC are subsidiaries of LANDBANK, with the latter becoming a subsidiary upon the merger of LANDBANK and the United Coconut Planters Bank (UCPB) in 2022. “Given the similar product and service offerings, this synergy will enhance LANDBANK’s leasing and financing market power and reach. The move is also consistent with the national government’s streamlining to address duplication of functions, and organizational right-sizing to reduce the demand on government resources such as personnel and infrastructure, among others,” said LANDBANK President and CEO Lynette V. Ortiz. The merger positions LLFC to better support the national government’s development agenda, with its strengthened capital base and improved operational capacity. The state-run Bank also assured the clients of LLFC and ULFC that the merger will be smooth and orderly—with customer servicing unhampered—and conducted with the welfare of all stakeholders in mind. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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LANDBANK leads P110-B syndicated loan to fuel the local power sector
PSALM President and CEO Dennis Edward A. Dela Serna (2nd from right), LANDBANK President and CEO Lynette V. Ortiz (rightmost), and DBP President and CEO Michael O. de Jesus (3rd from right) lead the ceremonial signing for the P110-billion syndicated loan for PSALM on 30 July 2024 in Quezon City, witnessed by Assistant Government Corporate Counsel Judge Basilia Serrano-Angeles (leftmost). Land Bank of the Philippines (LANDBANK) has extended the majority of the P110-billion syndicated loan facility to state-owned Power Sector Assets and Liabilities Management (PSALM) Corporation in support of strengthening and enhancing the competitiveness of the country’s local power industry. LANDBANK committed to financing P60 billion of the total facility amount. The proceeds will be used by PSALM to augment its working capital requirements, refinance existing liabilities, and settle domestic contractual obligations. “LANDBANK has a long-standing history of supporting the National Government’s electrification initiatives, with our loan portfolio encompassing a wide range of energy-related projects. We will continue to support PSALM in addressing the energy needs of the country today and in the future,” said LANDBANK President and CEO Lynette V. Ortiz. PSALM President and CEO Dennis Edward A. Dela Serna, together with LANDBANK President and CEO Ortiz and Development Bank of the Philippines (DBP) President and CEO Michael O. de Jesus, led the ceremonial signing for the Php 110.0 billion syndicated term loan facility agreement on 30 July 2024 in Quezon City. Assistant Government Corporate Counsel Judge Basilia Serrano-Angeles witnessed the event. “We express our heartfelt gratitude to LANDBANK, DBP and OGCC for their continued support in attaining PSALM’s financial objectives. PSALM’s liability management program has presented significant challenges as we strive to fulfill our mandate of liquidating the financial obligations we have assumed. This syndicated loan provides additional financial support to PSALM, ensuring our continued progress and assist our asset management and privatization strategies,” said PSALM President and CEO Dela Serna. “With this loan, we are projecting a net reduction of PHP12.9 billion in our financial obligations for CY 2024,” he added. LANDBANK and DBP acted as the Joint Lead Arrangers for the syndicated deal, with the DBP - Trust Banking Group as the Facility and Paying Agent, and the Office of the Government Corporate Counsel (OGCC) as the Transaction Counsel. PSALM is a wholly-owned and controlled government entity mandated under the Electric Power Industry Reform Act (EPIRA) to take over the ownership of all existing generation assets of the National Power Corporation (NPC), independent power producer (IPP) contracts, real estate, and all other disposable assets, including the transmission business of the National Transmission Corporation (TransCo). The agency also manages the orderly sale and privatization of these assets with the objective of liquidating all of NPC's financial obligations in an optimal manner. LANDBANK has been a steadfast partner of PSALM since 2008, providing essential financing in support of its mandate under the EPIRA law. The Bank also continues to service the development requirements of the energy sector, including other industry players such as large oil companies, power producers, and distribution utilities. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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Celebrating 61 years of serving the nation: LANDBANK honors outstanding partners in countryside, national development
Finance Secretary and LANDBANK Chairman Ralph G. Recto (2nd from left), Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. (leftmost), and LANDBANK President and CEO Lynette V. Ortiz (center) confer the Ulirang Magsasaka Award to Deodany L. Cara (3rd from left) with his wife, Ma. Cecilia Cara (4th from left) during the LANDBANK 2024 MERIT Awards on 8 August 2024 in Malate, Manila. Joining them are LANDBANK Directors Virginia N. Orogo (6th from left) and Nancy D. Irlanda (7th from left), together with Executive Vice President Ma. Celeste A. Burgos (8th from left) and Vice President Rolando G. Santos. (rightmost). Land Bank of the Philippines (LANDBANK) celebrated its 61st anniversary by recognizing its exceptional development partners in the delivery of essential financial and support services in local communities nationwide. During an appreciation event held on 08 August 2024 at LANDBANK Plaza in Manila, the Bank honored outstanding clients and partners across various sectors through the Models of Excellence Recognition Initiative for Top Bank Clients (MERIT) Awards. “The success stories of our awardees mirror the potential of our nation. It illustrates how far we can progress when we commit to being each other’s steadfast partners in development,” said Finance Secretary and LANDBANK Chairman Ralph G. Recto in addressing the MERIT awardees. “Your work and contributions send a powerful message—that we can put an end to poverty not by looking out only for ourselves, but by working hand in hand together,” he added. (Left) Finance Secretary and LANDBANK Chairman Ralph G. Recto congratulates the MERIT awardees for their achievements and contributions to building a more resilient, inclusive, and sustainable economy. (Right) LANDBANK President and CEO Lynette V. Ortiz expresses her gratitude to clients and partners for their continued trust and support for the Bank. The LANDBANK MERIT Awards recognized the Bank’s high-performing clients who have become models of operational excellence, which include cooperatives, micro, small and medium enterprises (MSMEs), corporations and large enterprises, countryside financial institutions (CFIs), microfinance institutions (MFIs), and individual farmers. LANDBANK President and CEO Lynette V. Ortiz expressed appreciation to the MERIT awardees for their contributions to advancing agriculture, entrepreneurship, and financial inclusion, and reaffirmed the Bank’s commitment to helping them achieve their full potential. "When our clients thrive, we thrive. Every achievement represents our shared success; each milestone is a reflection of the strength of our partnership. That’s why it is only fitting that we pay tribute to you—our dear clients and partners—for your steadfast support and invaluable contributions on this meaningful journey," said LANDBANK President and CEO Ortiz. Finance Secretary Recto and LANDBANK President and CEO Ortiz were joined by Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr., LANDBANK Directors Virginia N. Orogo, Nancy D. Irlanda, and David D. Erro, and LANDBANK Executive Vice President Ma. Celeste A. Burgos and Vice President Rolando G. Santos in presenting the awards to 14 MERIT awardees. Department of Finance (DOF) Undersecretary Maria Luwalhati C. Dorotan-Tiuseco, Department of Agriculture (DA) Undersecretary Atty. Asis G. Perez, Department of Labor and Employment (DOLE) Assistant Secretary Lennard Constantine C. Serrano, Cooperative Development Authority (CDA) Assistant Secretary Santiago S. Lim, Securities and Exchange Commission (SEC) Assistant Director Daisy B. Pabuaya, and Philippine Guarantee Corporation (PGC) Senior Vice President Emmanuel R. Torres also graced the event. Under the Gawad sa Pinakatanging Kooperatiba (Gawad PITAK), the Alicia Neighborhood Multi-Purpose Cooperative and Sorosoro Ibaba Development Cooperative were hailed as outstanding agri-based cooperatives in the medium and large categories, respectively. The Ating Ani Nueva Ecija Multipurpose Cooperative and Ligas Kooperatiba ng Bayan sa Pagpapaunlad were likewise honored for their outstanding contributions under the non-agricultural category. The Gawad MSME was awarded to Ms. Fralyn B. Cruz and Sandig Medical Clinic and Hospital under the agri-based and non-agri-based sectors, respectively. The Gawad Kaagapay was given to DoubleDragon Corporation, Asialink Finance Corporation, and Soliman E.C. Septic Tank Disposal for their contributions as corporations and large enterprises to growing the local economy. ProFarmers Rural Banking Corporation, Producers Savings Bank Corporation, and ASA Philippines Foundation, Inc. were recognized with the Gawad PFI for their exceptional performance under the rural bank, thrift bank, and microfinance categories, respectively. The Ulirang Magsasaka award was awarded to Mr. Deodany L. Cara, while Mr. Roderick G. Capalongan received a special citation for his innovative approach to integrated farming. LANDBANK is celebrating its 61st anniversary this month, representing more than six decades of advancing development, inclusion, and sustainability in serving the nation. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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LANDBANK branch rises in Burauen, Leyte
(front) LANDBANK President and CEO Lynette V. Ortiz (center) and Burauen Mayor Juanito E. Renomeron (rightmost) lead the opening of the LANDBANK Burauen Branch on 18 July 2024, alongside Julita Mayor Atty. Percival S. Cana (2nd from left), Burauen’s Association of Barangay Captains President Fe S. Renomeron (4th from left), and LANDBANK Executive Vice President Liduvino S. Geron (leftmost). BURAUEN, Leyte – As part of its continuing commitment to bringing banking services closer to local communities, Land Bank of the Philippines (LANDBANK) has officially inaugurated a branch in Burauen, and its eighth in the Province of Leyte. LANDBANK President and CEO Lynette V. Ortiz and Burauen Mayor Juanito E. Renomeron led the inauguration rites for the branch on 18 July 2024. They were joined by Julita Mayor Atty. Percival S. Cana, Burauen’s Association of Barangay Captains President Fe S. Renomeron, LANDBANK Executive Vice President Liduvino S. Geron, and other local government officials. Located in Brgy. Poblacion District 8, the LANDBANK Burauen Branch will cater to the banking needs of residents from the 77 barangays of the town. This eliminates the need to travel to the Tacloban City branches, saving clients two (2) hours of travel time and approximately P200 in round-trip expenses. The branch’s strategic location also allows it to reach the 142 combined barangays of the municipalities of Dagami, Julita, Tabontabon, and La Paz, servicing over 11,000 farmers and fishers, 16,700 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), government employees, and private depositors. “Our mission is clear – to drive transformative progress from countryside to countrywide by delivering secure and reliable financial services up to the farthest corners of the archipelago. With the new LANDBANK Burauen Branch, we aim to enhance the accessibility of banking services for local residents,” said LANDBANK President and CEO Ortiz. She also committed to supporting the Province’s entire agricultural value chain by continuously extending loans to local farmers, fishers, and other players from the sector, as well as local government units for the development of essential infrastructure. The LANDBANK Burauen Branch is equipped with two automated teller machines (ATM) and features a Digital Corner where clients can open a deposit account in 15 minutes or less using the LANDBANK Digital Onboarding System (DOBS). “All of this means only one thing and that is more opportunities for us, Burawanons, in terms of financial inclusion, financial growth, and financial development. As an agricultural municipality, this would mean a lot to our farmers and to our business sector who would no longer need to travel just to inquire and avail the services of this financial institution. Truly, LANDBANK in Burauen is a blessing for us,” said Burauen Mayor Renomeron. The new branch complements the operations of seven other LANDBANK branches in Leyte located in the cities of Baybay, Ormoc and Tacloban, and the municipalities of Carigara and Hilongos. For fast, safe, and convenient cash withdrawals and transactions, LANDBANK has 61 automated teller machines (ATMs), six cash deposit machines (CDMs), and a LANDBANKasama Agent Banking Partner strategically located across the Province. Customers can also enjoy free cash withdrawals at 43 ATMs in 7-Eleven convenience stores, as part of the Bank’s partnership with Pito Axm Platform, Inc. (PAPI). As of end-June 2024, LANDBANK operates 607 branches and branch-lite units, along with 60 lending centers nationwide. This extensive network is complemented by 3,112 ATMs and 232 CDMs, 3,399 7-Eleven ATMs, and 1,101 LANDBANKasama Partners operating 1,859 point-of-sale (POS) terminals. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion and digital transformation to advance national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive services to empower Filipinos towards a better future of inclusive and sustainable development from countryside to countrywide.
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A-FLOW signs P2.4-billion Tranche 1 Loan of a P10.8-billion 10-Year Facility with LANDBANK
In the photo from left are Ayala Land, Inc. (ALI) Vice President and Treasurer Jose Eduardo A. Quimpo II, ALI Senior Vice President, Chief Finance Officer and Chief Compliance Officer Augusto D. Bengzon, ALI President and Chief Executive Officer (CEO) and AyalaLand Logistics Holdings Corp. (ALLHC) Chairman Anna Ma. Margarita B. Dy, FLOW Digital Infrastructure CEO and A-FLOW Properties I Corp. (A-FLOW) President Amandine Wang, ALI Senior Vice President, ALLHC President and CEO and A-FLOW Chairman Robert S. Lao, Land Bank of the Philippines (LANDBANK) President and CEO Lynette V. Ortiz, LANDBANK Executive Vice President and National Development Lending Sector Head Ma. Celeste A. Burgos, LANDBANK Vice President Lucila E. Tesorero and LANDBANK Vice President and Corporate Banking Department 1 Head Jell B. Ong. Makati City, Philippines – A-FLOW Properties I Corp. (A-FLOW), a joint venture between Ayala Land, Inc. (ALI) subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure, and Land Bank of the Philippines (LANDBANK) announced the signing of a P2.4 billion loan agreement representing Tranche 1 of a P10.8 billion 10-year loan. The signing of the loan facility agreement underscores the mutual commitment to advancing the nation’s digital infrastructure and supporting the Philippines’ transition towards a more digitally integrated economy. The loan facility is intended for the development of the initial phase of the first A-FLOW data center campus located in Biñan, Laguna. Currently under construction, the 6MW-IT capacity Phase 1A of the three-building data center campus project is targeted to be ready-for-service by the end of the year. A-FLOW President Amandine Wang said, “This agreement marks a significant step forward in our shared commitment to develop the largest carrier-neutral data center campus in the Philippines. We are excited to build an ecosystem to attract a combination of international hyperscale customers and local enterprise customers.” LANDBANK President and CEO Lynette V. Ortiz emphasized the importance of collaborating with key stakeholders, “We recognize that partnering with key players like A-FLOW is essential for advancing national development. And in this era of rapid digitalization, we are likewise ready to drive investments into the local data center market, along with other sectors contributing to our nation’s technological progress,” she said. Ortiz further commented, “This is the first data center project financed by LANDBANK, and with this new partnership, we are confident that this project will yield significant economic benefits.” For ALI President and CEO and ALLHC Chairman Anna Ma. Margarita B. Dy, digital transformation, cloud computing, and the rise of artificial intelligence are technologies that require robust and scalable data center solutions. “Ayala Land is proud to be participating in this new opportunity leveraging our land and our capabilities to contribute to the country’s move towards a digital economy,” Dy said. “Like any other infrastructure project, capital is key. So, we thank LANDBANK for the P10.8 billion loan facility to A-FLOW, a critical enabler for this project,” she added. A-FLOW’s partnership with LANDBANK enables both companies to capitalize on each other’s strengths, marking a shared vision of fostering innovation and sustainable growth. This milestone collaboration underscores the importance of public-private partnerships in serving the country and achieving the nation’s development goals. About A-FLOW A-FLOW is a joint venture between FLOW Digital Infrastructure (“FLOW”), an investor, developer, and operator of digital infrastructure in Asia Pacific, and AyalaLand Logistics Holdings Corp. (“ALLHC”), the largest developer of industrial parks and real estate logistics facilities in the Philippines. A-FLOW’s first data center is strategically located in Laguna, accommodating a total of 36MW IT load capacity. With the launch of A-FLOW, the partnership supports the digital growth and expansion of businesses in the Philippines, leveraging FLOW's deep data center expertise and ALLHC's established record in industrial real estate development. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion and digital transformation to advance national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive services to empower Filipinos towards a better future of inclusive and sustainable development from countryside to countrywide.
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LANDBANK-backed co-op empowers rice, onion farmers in Nueva Ecija
TALAVERA, Nueva Ecija – For the longest time—despite working long, hard days in the field—rice farmer Ricardo Buenaventura struggled to improve his farm’s productivity and profitability due to lack of capital. Ricardo could not pursue opportunities that would help expand his operations, such as acquiring a bigger farmland or investing in farm mechanization, with income that was just enough to sustain his family’s daily needs. Determined to provide a better life for his family, Ricardo called on his fellow farmers facing similar challenges to work together to boost their production and income. They officially formed the Nagkakaisang Magsasaka Agricultural Primary Multi-Purpose Cooperative (PMPC) in 1992 with 16 members, and Ricardo as their Chairman. As a newly-established cooperative, seeking credit assistance to support their operations proved to be a hurdle seemingly too difficult to overcome. Lenders often turned them away or offered hefty interest rates they could not afford at the time. They found the boost they needed when Land Bank of the Philippines (LANDBANK) granted the co-op their very first loan amounting to P120,000.00 to fund their working capital. “Nagtiwala sa amin ang LANDBANK kahit nagsisimula pa lamang ang aming kooperatiba. Binigyan nila kami ng pagkakataon para palakasin ang aming koop at pagbutihin ang aming kabuhayan,” said Buenaventura. Growing with LANDBANK The co-op invested in farm machinery and equipment such as hauling trucks and mechanical dryers, and was able to improve its production to around 70,000 - 100,000 sacks of rice per cropping season. That initial partnership has come a long way. LANDBANK has since increased its total loan to Nagkakaisang Magsasaka Agricultural PMPC to P1 billion to fund its expanded operations, which now include relending to finance the production of its members, rice and agri-inputs trading, diesel retailing, rice milling, onion cold storage rental and trading, and importation of milled rice and fertilizers produced by the co-op. LANDBANK has also financed the construction of warehouses and an onion cold storage, as well as the purchase of farm machinery and equipment to improve agricultural productivity. From having only 16 members, Nagkakaisang Magsasaka Agricultural PMPC’s membership base has grown to 1,500 consisting of farmers producing rice, onion and other high-value crops, backyard poultry and livestock raisers, and micro, small and medium enterprises (MSMEs) such as sari-sari store owners. "By empowering agricultural cooperatives, we are also enhancing small farmers’ access to credit, technology and other critical resources for growth. We look forward to partnering with more agri co-ops towards increasing productivity and ensuring food security in the country,” said LANDBANK President and CEO Lynette V. Ortiz. Uplifting lives of Nueva Ecija farmers With their fully-integrated services, the Nagkakaisang Magsasaka Agricultural PMPC is now able to support the growth requirements of its members throughout the entire rice production process, from planting to marketing and distribution. Aside from financing the purchase of their members’ farm inputs, the co-op also serves as a ready market for their produce, buying wet palay at a fair price. The co-op produces around 70,000 to 100,000 sacks of rice per cropping season under its own rice brand and distributes rice to consumers in Metro Manila, Quezon City, Marikina, Taguig, Parañaque, Bohol, Pampanga, and Tarlac. The co-op is also diversifying its operations to provide more assistance to its onion farmer-members and strengthen the local onion value chain. Of their P1-billion LANDBANK loan, P112 million was allocated for the construction of an onion cold storage which has allowed their members to reduce agricultural losses and improve their income. The co-op’s cold storage has a capacity of 60,000 bags of onions, allowing farmers to reduce agricultural losses and improve their income. “Sa tulong ng LANDBANK, marami na ang naipundar ng aming kooperatiba at naitulong sa palay farmers. Ngayon, nakakatulong na din kami sa onion farmers dito sa Nueva Ecija na palakasin ang kanilang produksyon,” said Ricardo. Fully operational since April 2024, the co-op’s cold storage can accommodate up to 60,000 bags of onions and is expected to benefit onion growers from the municipalities of Bongabon, Guimba, Gabaldon, Llanera and Talavera. The co-op also extends credit support to finance onion production and buys members’ produce at a more lucrative price compared to other markets in the Province in support of the local onion industry. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country serving the growth requirements of the local agriculture sector and the entire agri-value chain. Present in all 82 provinces in the country, the Bank is committed to providing accessible and affordable financial support towards boosting food security and advancing inclusive and sustainable development from countryside to countrywide.
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LANDBANK launches ‘save and win’ promo for depositors
Land Bank of the Philippines (LANDBANK) launched a new promo that gives depositors the chance to win up to P1 million in cash and gadgets by growing their savings with the Bank. Customers can earn e-raffle tickets and join the LANDBANK IpoNalo raffle promo by increasing their deposits in their LANDBANK accounts from 03 July 2024 to 31 January 2025. LANDBANK will be selecting one (1) winner via electronic raffle for each major cash prize of P1 million for the grand prize and P500,000.00 and P250,000.00 as the 2nd and 3rd prizes, respectively. Minor prizes also include iPhones, iPads and Macbook Airs, with 36 winners each. The campaign aims to empower the Bank’s clients to practice responsible financial habits and build financial security to help achieve their financial goals faster. “Through IpoNalo, we aim to help our clients build their savings through a broad range of secure and reliable deposit options, and possibly win prizes in the process. This is also our way of expressing our gratitude to our clients for their continued trust and loyalty,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK IpoNalo promo is available for new and existing clients with LANDBANK accounts, such as regular passbook and ATM savings account, dollar savings account, regular and interest-bearing current account, Easy Savings Plus (ESP), OptiSaver Account, Green Growth Account, High Yield Savings Account (HYSA), and peso or dollar time deposit account. Individual depositors will earn one (1) e-raffle ticket for every incremental average daily balance (ADB) of P100,000.00. Meanwhile, private institutional depositors will earn one (1) e-raffle ticket for every incremental ADB of P1,000,000.00. Participants must maintain their ADB until the end of the promo period on 31 January 2025 to remain eligible for the e-raffle draw on 14 February 2025. The proceeds of the promo campaign will help fund the Bank's developmental programs and initiatives in favor of its mandated and priority economic sectors. For complete details and mechanics on the LANDBANK IpoNalo promo, please visit the official LANDBANK website and social media channels, contact the nearest LANDBANK Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion and digital transformation to advance national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive services to empower Filipinos towards a better future of inclusive and sustainable development from countryside to countrywide.
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