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Institutional investor wins Premyo Bonds Rewards third-quarter grand prize


October 15, 2020

(first row) National Treasurer Rosalia V. De Leon (right) and Arden Botanical Estate sales and marketing head Rowena Espiritu (left), award P1 million and a condo unit from Megaworld Corporation to Premyo Bonds Third Quarter Rewards Draw grand winner National Power Corporation (NPC) Provident Fund, represented by NPC Provident Fund Chairman Alexander P. Japon (center). They are joined by (2nd row, left to right) Deputy Treasurer Atty. Erwin D. Sta. Ana, LANDBANK Trust Banking Group First Vice President Lolita M. Almazar, Deputy Treasurer Sharon P. Almanza, and Deputy Treasurer Atty. Gisela F. Lood.

The National Power Corporation (NPC) Provident Fund received the cash and non-cash rewards for the “Premyo Bonds Para sa Bayan” (Premyo Bonds) Third Quarter Rewards Draw promo of the Bureau of the Treasury (BTr) and partner institutions.

The ceremonial turnover—which was held on October 2 at the Ayuntamiento Building, Intramuros in Manila—was led by National Treasurer Rosalia V. De Leon, Deputy Treasurers Atty. Erwin D. Sta. Ana, Atty. Gisela F. Lood and Sharon P. Almanza, and Land Bank of the Philippines (LANDBANK) Trust Banking Group First Vice President Lolita M. Almazar. They were joined by Rowena Espiritu, sales and marketing head of Arden Botanical Estate, Megaworld Global Estate, Inc.

The NPC Provident Fund—which made its Premyo Bond placements through LANDBANK—received a P1-million cash prize and a condominium unit from Megaworld Corporation. The rewards were accepted for the institution by NPC Provident Fund Chairman Alexander P. Japon.

The Premyo Bonds are deemed one of the safest and affordable short-term investment products when it was offered from November 25 to December 13, 2019. Issued by the National Government, the bonds were offered at a minimum denomination of P500 with a fixed interest rate per annum of 3%. A Premyo Bond investment of P500 entitles the investor to one raffle ticket.

In his video message during the Third Premyo Bonds Draw, Finance Secretary Carlos G. Dominguez urged the raffle winners to reinvest their money in government bonds to help support the nation’s fight against the COVID-19 pandemic.

The Premyo Bonds were first offered to the public last year by the National Government through the BTr, with LANDBANK as one of the Joint Lead Issue Managers. Other Joint Issue Managers were private banks BDO Capital and Investment Corp., China Bank Capital Corp., and First Metro Investment Corp. The Issue Managers also served as Selling Agents.

Aside from the grand winner, a total of 115 Premyo Bond investors also won cash prizes, including 100 3rd cash reward winners of P20,000 each, and 15 2nd cash reward tier winners of P100,000 each.

The Fourth Quarter Rewards Draw for the Premyo Bonds will be held on December 18, 2020.


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LANDBANK opens Himamaylan Branch-Lite in Negros Occidental

Himamaylan City Mayor Rogelio Raymund I. Tongson, Jr. (2nd from left) and LANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola (3rd from left) led the inauguration of the new LANDBANK Himamaylan Branch-Lite in Himamaylan City, Negros Occidental. They are joined by (from left to right) Himamaylan City Vice Mayor Justin Dominic S. Gatuslao, LANDBANK Kabankalan Branch Head Dulce Joy J. Gayat, and LANDBANK Himamaylan Branch-Lite Head Melchor P. Genada, Jr. HIMAMAYLAN CITY, Negros Occidental – State-run Land Bank of the Philippines (LANDBANK) officially opened in this city the LANDBANK Himamaylan Branch-Lite on November 10, 2020, its 11th in the Province. This brings the number of LANDBANK’s branches and extension offices to 412 across all 81 provinces nationwide, complemented by 53 Lending Centers and 2,266 ATMs. The inauguration was led by Himamaylan City Mayor Rogelio Raymund I. Tongson, Jr. and LANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola. They were joined by Himamaylan City Vice Mayor Justin Dominic S. Gatuslao, LANDBANK Kabankalan Branch Head Dulce Joy J. Gayat, and LANDBANK Himamaylan Branch-Lite Head Melchor P. Genada, Jr. “The establishment of the LANDBANK Himamaylan Branch-Lite is an important development for our city. Thank you very much to LANDBANK for helping Himamaylanons and the rest of our city grow,” Mayor Tongson said. LANDBANK Himamaylan Branch-Lite will augment and further improve the efficiency of LANDBANK Kabankalan Branch, and will cater to the banking needs of Himamaylan City, and the Municipalities of Binalbagan, Hinigaran, and Isabela, covering a total of 89 barangays, including other government agencies. The Branch-Lite is also expected to bring LANDBANK’s banking services closer to around 5,000 Himamaylanon farmers; 3,600 fishers; and 5,000 beneficiaries of the Department of Social Welfare and Development’s (DSWD) Unconditional Cash Transfer (UCT) Program in the City. “We hope that LANDBANK’s presence in Himamaylan will further spur economic growth and agricultural production in the city. As their partner towards inclusive and sustainable development, LANDBANK is committed to assist Himamaylan City in achieving its full potential through our banking services,” said LANDBANK FVP Bandiola. The Branch-Lite is equipped with LANDBANK’s Digital Onboarding System (DOBS), a web application which simplifies the account enrolment process from 45 minutes to only 10-15 minutes, bringing banking services closer to the people of Negros Occidental. With the opening of LANDBANK’s Himamaylan Branch-Lite, LANDBANK now operates a total of 11 branches in Negros Occidental, complementing three (3) existing branches located in Bacolod City, and one (1) each in the cities of Cadiz, Kabankalan, Sagay, San Carlos, Silay, Sipalay, and Victorias. A total of 41 ATMs are also present in the province to facilitate fast and safe cash withdrawals and transfers. 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).

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LANDBANK disburses P717M cash aid to more than 110,000 PUV operators

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SEC taps LANDBANK as settlement bank for online payments

State-run Land Bank of the Philippines (LANDBANK) has been designated as the depository and financial settlement bank of the Securities and Exchange Commission (SEC) for online payments, in line with serving the growing demand for safe and contactless payment solutions. LANDBANK will ensure the efficient collection and settlement of payments made by SEC clients through PayMaya, including the timely remittance of fees due the Bureau of the Treasury (BTr). Under the new partnership, LANDBANK will maintain current and clearing accounts for SEC and BTr, respectively, to credit payments accepted and deposited by PayMaya through the LANDBANK weAccess facility. LANDBANK will also open a Guaranty Deposit account for PayMaya equivalent to the average total daily collection or in the amount agreed by both parties. The collaboration was formalized over a quadripartite Memorandum of Agreement (MOA) virtually signed by SEC Commissioner Kelvin Lester K. Lee, National Treasurer Rosalia V. de Leon, LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines, Inc. Founder and CEO Orlando B. Vea on November 18, 2020. The MOA signing was witnessed by SEC Commissioner Javey Paul D. Francisco, BTr Deputy Treasurer Sharon P. Almanza, BTr Asset Management Service OIC-Director Eduardo Anthony G. Mariño III, LANDBANK Branch Banking Sector Executive Vice President Julio D. Climaco, Jr., and PayMaya Enterprise Head of Government Sector Marvin Santos. “LANDBANK welcomes this collaboration and will ensure the efficient settlement and remittance of SEC fees and other payments. Rest assured that LANDBANK is one with you in the continued delivery of public services, and boosting government collection rates toward revitalizing our economy,” LANDBANK President and CEO Borromeo said. In 2017, LANDBANK and SEC entered into an agreement to utilize LANDBANK’s Electronic Payment Portal (ePP) to provide a convenient and secure means of processing payments for the SEC iView and other transactional fees. As of October 30, 2020, the LANDBANK ePP has successfully facilitated for the SEC a total of 6,439 transactions amounting to P28.4 Million. In 2011, LANDBANK Branches also started processing registration applications by SEC applicants via the On-line Collection (On-Coll) facility. 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).

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