Over 2,000 internally displaced persons (IDPs) of the five-month-long Marawi siege that transpired exactly three years ago today, May 23, have been given psycho-social support (PSS) under the Gawad Angat BAYan (GABAY) Program, a corporate social responsibility (CSR) project of Land Bank of the Philippines (LANDBANK), funded by the Department of Finance (DOF) under the Kreditanstalt für Wiederaufbau-Interest Differential Fund (KfW-IDF).
Since the implementation of the program in January 2019, LANDBANK, as Program Manager, has partnered with Balay Mindanaw Foundation, Inc. (BFMI), as Program Implementer, to conduct various PSS activities that have so far benefited 1,673 internally displaced adults and 455 internally displaced children in ten (10) barangays and transitional shelters in Marawi City and Lanao del Sur.
The PSS activity, dubbed as Mashwara Para Ko Kapamulong (Conversations for Healing), is designed to provide space for community sharing and community-building among IDPs and other individuals affected by violence. It also aimed to identify and prioritize issues within the communities, and come up with common hopes and possible actions to address the identified issues.
“The LANDBANK GABAY Program embodies the Bank’s commitment to help communities grow and recover. Since the implementation of the program in 2019, we were able to give hope to many of our brothers and sisters in Marawi City and Lanao del Sur, helping them rebuild their communities from the catastrophic impact brought about by the five-month-long siege in 2017,” LANDBANK President and CEO Cecilia C. Borromeo said.
To continue the conversations with internally displaced adults, LANDBANK facilitated post-PSS activities, such as the Mashwara Corners, in partner-communities where participants shared their personal journeys since completing the Mashwara Para Ko Kapamulong activities. Meanwhile, for the internally displaced children, the Bank conducted a series of Children’s Festival which included games, storytelling and learning sessions.
A unique feature of the PSS program is the incorporation of eco-therapy where LANDBANK mounted various workshops and hands-on trainings on natural farming to share and emphasize its importance as an introduction to a sustainable way of living and healing.
As part of the main components of the GABAY Program, LANDBANK also held a series of trainings of trainers on PSS, with a total of 101 graduates. They eventually served as facilitators in the conduct of PSS activities and other interventions for the conflict-torn communities.
The GABAY Program was also made possible in cooperation with Task Force Bangon Marawi (TFBM), LANDBANK Countryside Development Foundation, Inc. (LCDFI), and the local government and people of the Islamic City of Marawi.
LANDBANK generates 52% of ‘Premyo Bonds 2’ sales
State-run Land Bank of the Philippines (LANDBANK) facilitated more than 6,700 orders worth P3.42 billion for the one-year peso-denominated Premyo Bonds 2 or “Premyo Bonds Para sa Bayan 2,” which represents 52% of the total P6.56 billion raised by the Bureau of the Treasury (BTr) from the bond offering. The bulk or P2.98 billion of LANDBANK’s total Premyo Bonds 2 sales were generated via over-the-counter placements at LANDBANK branches, while a total of P78.5 million in sales were generated through the Bank’s online channels. Of the P78.5 million online sales, P40.7 million was transacted through the pilot launch of the bond purchase feature in the mobile banking application of the Overseas Filipino Bank (OFBank), the digital-only branchless bank subsidiary of LANDBANK. The remaining P37.8 million was generated through LANDBANK’s Link.BizPortal via the BTr’s Online Ordering Facility. “Despite a pandemic-induced recession, we observed wider participation for the Premyo Bonds 2 offering. This became possible through more accessible online ordering platforms, which include the OFBank Mobile Banking Application (MBA) that encouraged more Filipinos abroad to invest their hard-earned money in safe and affordable government securities,” LANDBANK President and CEO Cecilia C. Borromeo said. It was the first time that the OFBank MBA was utilized as an online ordering facility for the Premyo Bonds, following OFBank’s launch as a digital-only, first branchless Philippine government bank on June 29, 2020. The OFBank MBA allowed Filipinos from 63 countries abroad such as the United Arab Emirates, Saudi Arabia, Canada, Qatar and Singapore to invest in the Premyo Bonds 2 through their smartphones, free of charge. Meanwhile, the state-run lender also generated total sales of P362 million under the BTr’s Exchange Offer program whereby bondholders of Premyo Bonds Tranche 1 could exchange their holdings for the latest Premyo Bonds 2 offering. The P6.56 billion total sales generated from Premyo Bonds 2 is more than double the P3-billion target of the BTr. Proceeds from the issuance will help fund the country’s educational programs, public infrastructure, and economic recovery in response to the ongoing COVID-19 pandemic and recent natural calamities. LANDBANK is Lead Issue Manager for the Premyo Bonds 2 offering. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).LEARN MORE
LANDBANK opens first Agri-Hub in Sta. Maria, Ilocos Sur
Department of Agriculture (DA) Secretary William Dar (5th from left), Sta. Maria Mayor Brigido Camarillo Jr. (6th from left), and LANDBANK North Luzon Branches Group Head, First Vice President Ma. Belma Turla (4th from left) lead the inauguration and opening of Sta. Maria Agri-Hub on January 16, 2021. Joining them are (left to right) DA Assistant Secretary Noel Reyes, LANDBANK Sta. Maria Agri-Hub Head Rene Domingo, Sta. Maria Vice Mayor Michael Florendo, Philippine Coconut Authority (PCA) Board Member Rosalina Bistoyong, LANDBANK Narvacan Branch Head Department Manager Marichu Dagdagan, and DA Region 1 Director Nestor Domenden. STA. MARIA, Ilocos Sur – The Land Bank of the Philippines (LANDBANK) officially opened its newest Agri-Hub in the municipality of Sta. Maria, Ilocos—the first in the province—on January 16, 2021. The LANDBANK Sta. Maria Agri-Hub is the 5th to open nationwide, along with four (4) newly opened Agri-Hubs in Calabanga, Camarines Sur; Barotac Viejo, Iloilo; Sual, Pangasinan, and Echague, Isabela. “The establishment of Agri-Hubs is a testament to LANDBANK’s continued commitment in bringing safe, secure, and convenient financial services to unbanked and underserved rice farming areas in the country. During these challenging times, LANDBANK remains steadfast in working together with the National Government to drive support for the agriculture sector, especially to small farmers and fishers,” said LANDBANK President and CEO Cecilia C. Borromeo. Department of Agriculture (DA) Secretary William Dar, Sta. Maria Mayor Brigido Camarillo Jr., and LANDBANK North Luzon Branches Group Head, First Vice President Ma. Belma Turla led the inauguration rites. They were joined by Sta. Maria Vice Mayor Michael Florendo, DA Assistant Secretary Noel Reyes, Philippine Coconut Authority (PCA) Board Member Rosalina Bistoyong, and DA Region 1 Director Nestor Domenden, together with LANDBANK Narvacan Branch Head Marichu Dagdagan and Sta. Maria Agri-Hub Head Rene Domingo. “A ‘one-stop-shop’ commercial bank is now here in Sta. Maria—providing banking, lending, agrarian services, and processing of agrarian reform bonds and rights. Ang dami pong mga serbisyo na very accessible sa kanayunan. This will make Sta. Maria again elevate itself because as we have commercial banks established, then more economic activities will flourish,” said DA Secretary Dar. The LANDBANK Sta. Maria Agri-Hub will provide financial and technical services to the Bank’s clients, especially to more than 10,000 farmers and fisherfolk in the municipalities of Sta. Maria, Burgos, and San Esteban. It will also offer LANDBANK’s various digital banking platforms, including the Digital Onboarding System (DOBS) which simplifies the account opening process for new clients to only 10-15 minutes. "With the establishment of the Sta. Maria Agri-Hub, I am certainly the happiest person in the world right now. As a pledge of support to this Agri-Hub, I went here yesterday to open my bank account. The municipality of Sta. Maria will continue to support LANDBANK,” said Mayor Camarillo. LANDBANK’s Agri-Hubs are strategically located in the top rice-producing provinces in the country and designed to provide a wide array of services. This includes 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 AR Beneficiaries (ARBs). With the opening of LANDBANK Sta. Maria Agri-Hub, the state-run bank now operates 411 branches and 66 branch-lite units nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).LEARN MORE
PSA, LANDBANK partner in PhilSys to deliver Nat'l IDs, bank accounts
In partnership with the Philippine Statistics Authority (PSA), state-run Land Bank of the Philippines (LANDBANK) continues to support the National Government’s agenda of financial inclusion by providing registrants of the Philippine Identification System (PhilSys) with their own transaction accounts. LANDBANK will be co-locating with the PSA in registration centers for the second step of the PhilSys registration, to allow registrants to open new transaction accounts and gain formal access to basic banking and other financial services. After the roll out of the first step of the PhilSys registration, PSA reported that more than 82% of more than 10.5 million registrants did not have transaction accounts. The Bank will be offering a LANDBANK Mastercard Prepaid Card to successful PhilSys step 2 registrants without any transaction account free-of-charge through LANDBANK account opening booths at designated co-location areas. With the LANDBANK Mastercard Prepaid Card, cardholders can cash-in, cash-out, and transfer funds at any LANDBANK Branch or Agent Banking Partner. They can also withdraw cash at ATMs and POS terminals, perform cashless transactions, tap payments, and shop online, as well as receive government subsidy digitally. "Our collaboration with PSA significantly advances our mutual thrust toward greater financial inclusion. Through LANDBANK accounts, we can reach and provide financial services and government support interventions to as many underserved and unbanked Filipinos nationwide," said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK has tapped cooperatives, associations, small and medium enterprises, and private entities as Agent Banking Partners to facilitate account application and Know-Your-Customer (KYC) activities at PhilSys registration areas. As of December 23, 2020, LANDBANK has also on-boarded 136 Local Government Units (LGUs) to assist in the data gathering for future account opening and provision of LANDBANK Cards for their unbanked constituents participating in the registration. The Bank will also procure the services of more than 1,000 Service Contract Workers (SCWs) to assist in customer on-boarding activities and ensure compliance to social distancing and health protocols. The PhilSys Program aims to provide Filipinos with valid proof of identity to simplify public and private transactions. It also aims to promote the seamless delivery of financial services and government support interventions to beneficiaries across the country.LEARN MORE