Batanes Vice Governor Ignacio C. Villa, LANDBANK Senior Vice President Ma. Belma T. Turla, and other local government officials welcome the LANDBANK Basco Branch to its new home at the Ground Floor of the Manpower Development Center and National Agencies Building, Provincial Capitol Compound, Brgy. Kayhuvokan, Basco, Batanes.
BASCO, Batanes – The LANDBANK Basco Branch recently transferred to a new and more strategic location to provide better banking services to small farmers and fishers, cooperatives, micro small and medium enterprises (MSMEs), local government units (LGUs) and other customers in all six (6) municipalities and 29 barangays in Batanes.
From its former location at Santana Street in Barangay Kaychanarianan, the LANDBANK Basco Branch—the first and only LANDBANK Branch in the Province—officially transferred to the Provincial Capitol Compound in Barangay Kayhuvokan at the heart of the 5th class Municipality.
“Through the LANDBANK Basco Branch, we will continue to intensify our support for the development requirements of Batanes. We are one with the Provincial Government in advancing inclusive and sustainable growth in the province,” said LANDBANK President and CEO Cecilia C. Borromeo.
Batanes Vice Governor Ignacio C. Villa and LANDBANK Senior Vice President Ma. Belma T. Turla led the inauguration of the Branch in its new location on 06 June 2022. They were joined by Mahatao Mayor Pedro F. Poncio, Ivana Mayor Leonardo V. Hostallero, Itbayat Mayor Ronald V. Gutierrez, Sabtang Mayor Marcial Armando A. Alavado, Basco Vice Mayor German A. Caccam and LANDBANK Basco Branch Head Joseph L. Caliguiran.
The LANDBANK Basco Branch will also cater to almost 1,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD), with two (2) Automated Teller Machines (ATMs) and one (1) Cash Deposit Machine onsite.
LANDBANK also has three (3) Agent Banking Partners (ABP) covering the neighboring Municipalities of Sabtang, Itbayat, Uyugan, and Ivana to facilitate point-of-sale (POS) cash-out services on behalf of the Bank.
Opening of deposit accounts in the LANDBANK Basco Branch is also made easier and more convenient with the Bank’s Digital Onboarding System (DOBS), which reduces account opening time to 15 minutes or less.
“Sana ay ipagpatuloy ng LANDBANK ang suporta sa SMEs, farmers and fishermen, para sa tuloy-tuloy na pagpapaunlad ng ating kanayunan,” said Basco Vice Mayor German A. Caccam.
The relocation of LANDBANK Basco Branch follows the recent inauguration of the new LANDBANK Real Branch in the Province of Quezon, the latest addition to the Bank’s network of 607 branches and 58 lending centers.
The continued expansion of LANDBANK’s physical touchpoints underscores the Bank’s commitment of bringing banking services closer to unbanked and underserved areas nationwide, as part of its intensified efforts in advancing financial inclusion and in serving the nation.
LANDBANK launches 10 mobile ATMs to bring services closer to customers
The Land Bank of the Philippines (LANDBANK) kicked off its 59th anniversary month celebration with the official inauguration of 10 mobile automated teller machines (ATMs) today, 05 August 2022, designed to service communities with disrupted or limited access to banking services. LANDBANK President and CEO Cecilia C. Borromeo, together with Manila Mayor Maria Sheilah “Honey” Lacuna-Pangan and Vice Mayor John Marvin “Yul” C. Nieto, led the blessing and inauguration of the LANDBANK Mobile ATMs at the Plaza Rajah Sulayman in Malate, Manila. They were joined by LANDBANK Director Virgilio DV. Robes, LBP Leasing and Finance Corporation (LLFC) President and CEO Michael P. Arañas, LANDBANK Executive Vice Presidents Alex A. Lorayes, Alan V. Bornas and Carel D. Halog, Senior Vice President Randolph L. Montesa, and other LANDBANK senior officials. “The launch of new LANDBANK Mobile ATMs today reflects our continuing commitment to deliver unhampered and essential services to customers. We are also expanding our reach nationwide to promote greater financial inclusion, as part of our broader thrust to spur inclusive and sustainable development,” said LANDBANK President and CEO Borromeo. Six (6) of the new LANDBANK Mobile ATMs will be stationed in LANDBANK branches located in Luzon—including two units in Metro Manila—and two units each in Visayas and Mindanao. The new touchpoints increase LANDBANK’s total mobile ATMs to 20 and a wider ATM network of 2,877. Designed as an offsite ATM mounted on a customized transport vehicle, the LANDBANK Mobile ATM can provide basic banking services, such as cash withdrawal, balance inquiry, bills payment, and fund transfer. The LANDBANK Mobile ATMs can be deployed in areas affected by disasters or calamities, including cash payouts to beneficiaries of the National Government’s Conditional and Unconditional Cash Transfer (CCT/UCT) Programs under the Department of Social Welfare and Development (DSWD). Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate of promoting national development. On 8 August 2022, the state-run Bank will mark its 59th anniversary, representing almost six decades of service to the nation.LEARN MORE
Air Force salutes LANDBANK as outstanding ‘wingman’
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.LEARN MORE
LANDBANK income surges 94% to P20.3-B in H1 2022
The Land Bank of the Philippines (LANDBANK) recorded a net income growth of 93.5% to P20.3 billion in the first half of 2022 from P10.3 billion a year ago, alongside doubledigit increases in assets and deposits. LANDBANK’s substantial expansion in net income is attributed to its prudent management of the cost of funds as well as sustained interest income from loans and investments. “LANDBANK’s robust financial performance will continue to drive its intensified assistance to key industries, especially the agriculture sector, in support of the country’s continuing recovery. We will also build on this growth momentum to further our efforts to rebuild local communities, advance financial inclusion, and support the National Government’s development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s total assets in the first half of the year grew by 11.8% to P2.8 trillion, further solidifying its ranking as the second-largest bank in the country. This was propelled by deposits amounting to P2.5 trillion, up 10.1% year-on-year. The government sector continues to account for the bulk of LANDBANK’s total deposits at 62% or P1.5 trillion, while the private sector comprised the remaining 38% share amounting to P930 billion. LANDBANK posted modest capital growth year-on-year at 1.9% to P206.5 billion, primarily due to the 93.5% surge in net income for the six-month period ended 30 June 2022. The Bank’s financial ratios remain at healthy levels, with return on equity at 15.43%, return on assets at 1.19%, and net interest margin at 2.92%. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the state-run Bank will mark its 59th anniversary, representing almost six decades of service to the nation.LEARN MORE