LANDBANK South NCR Branches Group Head, Senior Vice President Ramon R. Monteloyola (center) receives the plaque of recognition on behalf of LANBANK from PAF Commanding General Lt. Gen. Connor Anthony D. Canlas, Sr. (left) and AFP Vice Chief of Staff Lt. Gen. Erickson R. Gloria (right) during the PAF 75th Anniversary Night celebration.
The Land Bank of the Philippines (LANDBANK) was conferred with the Outstanding Stakeholder honor for the second year in a row by the Philippine Air Force (PAF) during its 75th Anniversary Night celebration at the Sheraton Hotel in Pasay City.
The PAF recognized LANDBANK’s invaluable and continuous support over the years, notably the Bank’s digital banking facilities that the Air Force is utilizing.
LANDBANK was instrumental in creating the one-time crediting system with the Air Force Accounting Office for PAF personnel’s salary and allowances; and the PAF Online Payment System which allows personnel to settle government-related accountabilities and dues through LANDBANK’s digital payment portal.
“LANDBANK is one with the Philippine Air Force in its ongoing defense modernization efforts, as we continue to serve the country’s armed forces with convenient and accessible digital banking services,” said LANDBANK President and CEO Cecilia C. Borromeo.
LANDBANK South NCR Branches Group Head, Senior Vice President Ramon R. Monteloyola received the plaque of recognition on behalf of the Bank from Armed Forces of the Philippines (AFP) Vice Chief of Staff Lt. Gen. Erickson R. Gloria and PAF Commanding General Lt. Gen. Connor Anthony D. Canlas, Sr.
To sufficiently serve PAF personnel especially during peak demand, LANDBANK recently installed an offsite ATM in Clark Air Base and deployed a mobile ATM at the Air Education Training and Doctrine Command at Fernando Air Base in Lipa City, Batangas.
The state-run Bank also previously facilitated the processing and distribution of LANDBANK ATM cards to all PAF trainees.
LANDBANK is leveraging on the latest technology to support the digitalization of various government operations as part of its expanded mandate of serving the nation.
LANDBANK, Bongabong LGU lead groundbreaking of Agri-Hub
Bongabong Municipal Mayor Elegio A. Malaluan (5th from left) and Vice Mayor Richard S. Candelario (4th from left), together with LANDBANK representatives, lead the groundbreaking ceremony at the LGU municipal compound on 6 September 2022. The activity was witnessed by LGU officials and several local businessmen from the Municipality. BONGABONG, Oriental Mindoro – To better serve the requirements of farmers and fishers, a Land Bank of the Philippines (LANDBANK) Agri-Hub will soon rise at the compound of the Municipal Government of Bongabong. Bongabong Mayor Elegio A. Malauan, together with LANDBANK Oriental Mindoro Lending Center Head, Assistant Vice President Edwin Roel Ramos; Calapan San Vicente Branch Head, Department Manager Ferdinand E. Abas; and Pinamalayan Branch Head Lizza Mae D. Camposano, led the groundbreaking ceremony on 6 September 2022. Mayor Malauan expressed his gratitude to LANDBANK, as the new touchpoint in the locality will spur local economic growth and development—which are priorities under his administration. “The establishment of this Agri-Hub is a testament to our continued commitment to serve key players in the agribusiness value chain. We hope to generate more economic opportunities and activities in the Municipality and nearby areas,” LANDBANK President and CEO Cecilia C. Borromeo said. The construction of the LANDBANK Bongabong Agri-Hub is set to commence within the month and expected to be inaugurated in late December 2022, in addition to the Bank’s 10 existing Agri-Hubs nationwide. The Bongabong Agri-Hub will provide accessible financial services mainly to the 12,233 farmers and fishers in the Municipality, to complement the nearest LANDBANK Lending Center in Calapan City. The Agri-Hub will also deliver banking services to public and private clients of the Bank, including 5,360 beneficiaries of National Government’s Conditional and Unconditional Cash Transfer (CCT/UCT) Programs in the Municipality. The LANDBANK touchpoint will be equipped with various digital banking platforms, including the Digital Onboarding System (DOBS), which simplifies the account opening process for new clients to only 10-15 minutes.LEARN MORE
LANDBANK launches convenient mobile app for commuters
In line with the modernization of the country’s transport sector, the Land Bank of the Philippines (LANDBANK) is now offering a mobile transit app for cashless and contactless payment in public utility vehicles (PUVs) equipped with the Automated Fare Collection System (AFCS) EMV solution. Through the LANDBANK mCommuter app, commuters can conveniently pay for transportation fares in AFCS-enabled vehicles by scanning the app-generated Quick Response (QR) Code, or by simply tapping their smartphones capable of supporting Near-Field Communication (NFC) technology on payment terminals. “The LANDBANK mCommuter app supports the government’s transport modernization agenda, geared towards enhancing the daily travel experience of commuters. This is part of our continued efforts to leverage digital technology to serve commuter needs,” said LANDBANK President and CEO Cecilia C. Borromeo. To register and access the features of the mCommuter app, users must be Full Wallet Accountholders of LANDBANKPay—the Bank’s all-in-one mobile wallet. Once registered in mCommuter, fares will be automatically debited from the user’s LANDBANKPay account. Users may also link their LANDBANK EMV contactless prepaid and credit cards to the app to monitor their transit payment transactions and passenger journey. Other mCommuter features scheduled for future roll-out include advance booking of tickets and discounted fares in PUV units. Starting 13 September 2022, the mCommuter app is free to download in the Google Play Store, and soon in the Apple App Store. LANDBANK and the Department of Transportation (DOTr) recently launched the interim operation of the AFCS in September, covering six (6) units of modern public utility vehicles (MPUVs) of PM Jeepney Drivers Operators and Services, Inc. (PMJDOSI). The remaining 144 MPUV units out of the total 150 PUV units shall soon be deployed in selected pilot sites in NCR, Central Luzon 3, Calabarzon, and Metro Cebu. Aside from the mCommuter app, LANDBANK contactless cards may also be used as cashless payment instruments in AFCS-enabled PUV units.LEARN MORE
Estrella, Borromeo approve IRR on agrarian debt moratorium
Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo and Agrarian Reform Secretary Conrado M. Estrella III hold the signed implementing rules and regulations (IRR) for Executive Order No. 4 Series of 2022. In compliance with the directive of President Ferdinand R. Marcos, Jr., Agrarian Reform Secretary Conrado M. Estrella III and Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo, today, September 28, 2022, signed the Joint Administrative Order providing the implementing rules and regulations (IRR) for Executive Order No. 4 Series of 2022, which declares a moratorium on the payment of land amortization and interests for agrarian reform beneficiaries. Signed by the President on September 13, 2022, the EO entitled, “Directing the Implementation of a Moratorium on the Payment of the Principal Obligation and Interest of the Amortization Due and Payable by Agrarian Reform Beneficiaries,” calls for a one-year moratorium on loan payments of Agrarian Reform Beneficiaries (ARBs) who received agricultural land under the Comprehensive Agrarian Reform Program (CARP). “It is our duty in the government to prioritize the farmers, not only because they are the ones who keep us alive, but because they will make our economy rise again,” the President said. The IRR signed by the Department of Agrarian Reform (DAR) and LANDBANK specifies that the one-year moratorium covers the payment of the Principal Value and the Annual Interest Due and payable by the ARBs. “The one-year moratorium period will provide the needed time for Congress to pass the law condoning the existing agrarian reform loans for the current ARBs and free land distribution for future beneficiaries,” Estrella said. It primarily covers the financial obligation to pay the total cost of the land under Presidential Decree No. 27, including interest at the rate of six percent (6%) per annum as provided under Section 6 of E.O. No. 228; and the financial obligation to pay the principal value including the six percent (6%) annual interest of the thirty (30)-year land amortization of the ARBs under Section 26 of RA No. 6657, as amended. “LANDBANK supports this historic initiative which is now taking off. We will provide immediate financial relief to ARBs nationwide, and yield positive results towards ensuring food security in the country,” said LANDBANK President Borromeo. LANDBANK serves as the collection agent of the National Government for land amortizations from ARBs, pursuant to its mandate as the financial intermediary of the CARP. All collections are remitted by the Bank to the Bureau of the Treasury (BTr) as part of the revenue of the National Government. The DAR-LANDBANK Joint Administrative Order covers the identification of beneficiaries qualified to avail of the one-year payment suspension, with the impact of the initiative to enhance the productivity and profitability of the ARBs duly documented and promoted. EO No. 4 directs the DAR and LANDBANK to jointly submit to the Office of the President, through the Office of the Executive Secretary, a comprehensive report on the implementation of this Order, including data on the number of ARBs actually covered and impact of the moratorium, among others. The DAR-LANDBANK Joint Administrative Order shall take effect upon publication in the Official Gazette or in a newspaper of general circulation.LEARN MORE