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LANDBANK cash grant payouts reach P89-B as of September


November 22, 2021

In partnership with the Department of Social Welfare and Development (DSWD), the Land Bank of the Philippines (LANDBANK) continues to deliver timely financial assistance as it released P89.45 billion in cash grants that benefitted 6.3 million lowincome families as of the first nine months of 2021.

Of the total releases, P82.72 billion in cash grants were distributed to 4.4 million beneficiaries under the government’s Conditional Cash Transfer (CCT) Program, intended to support poor households with children aged 18 years old and below.

The remaining P6.73 billion was released to 1.9 million beneficiaries under the DSWD’s Unconditional Cash Transfer (UCT) Program, as part of support interventions in line with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

“LANDBANK remains one with the National Government in the immediate delivery of social protection interventions and much-needed financial relief to vulnerable sectors. Under the whole-of-nation approach, we work closely with the DSWD and other government partners at the forefront of extending responsive and impactful services,” said LANDBANK President and CEO Cecilia C. Borromeo.

The Bank also continues to distribute LANDBANK cash cards to CCT and UCT beneficiaries to make receiving and accessing benefits easier and more convenient. The cards can be used for cash withdrawals at LANDBANK ATMs and Agent Banking Partners, and for cashless purchases in groceries and drugstores, among others.

As of 30 September 2021, LANDBANK has produced 6.4 million cash cards for this ongoing partnership, of which 4.4 million cards are already being utilized by the beneficiaries. CCT and UCT beneficiaries may also receive their benefits via over-thecounter transactions at LANDBANK branches and through various conduits.

LANDBANK is relentless in fulfilling its expanded mandate as the delivery arm for the National Government’s social protection initiatives, in line with serving the Filipino people and the nation at large.


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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.

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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. 

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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.

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