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.
LANDBANK: P21.2-M aid released to 198 LGUs affected by Odette
Despite transportation and connectivity challenges in areas affected by typhoon Odette, state-owned Land Bank of the Philippines (LANDBANK) has successfully completed the turnover of P21.2-million worth of financial assistance to 198 local government units (LGUs) for their relief and recovery efforts. Recipients of the donations include provincial, city and municipal government units from areas severely affected by the typhoon, including Dinagat Islands, Surigao del Norte, Leyte, Bohol and Cebu. Other LGUs who have received financial assistance are those from Antique, Guimaras, Negros Occidental, Negros Oriental and Palawan. LANDBANK has set aside P200,000 each for six provinces, P150,000 each for 16 cities, and P100,000 each for 176 municipalities. “We consider LGUs as our valuable partners in various initiatives, including in the delivery of relief and recovery interventions to local communities. Providing affected LGUs with immediate financial assistance in the aftermath of typhoon Odette is crucial to quickly address the fundamental needs of our countrymen,” said LANDBANK President and CEO Cecilia C. Borromeo. Donations were also collected among LANDBANK personnel for the benefit of the Bank’s employees and communities significantly affected by typhoon Odette through the LANDBANK AMBAG System (Alternative Mechanism of Benevolent Assistance for the Greater good) cash donation campaign. Majority of LANDBANK branches and most automated teller machines (ATMs) in areas affected by the typhoon were already restored to service the banking needs of the customers. Meanwhile, some branches are temporarily closed due to COVID-19 exposure of personnel and ongoing disinfection activities to ensure the health and safety of LANDBANK clients and employees. The Bank’s Agent Banking Partners which include cooperatives and micro, small and medium enterprises (MSMEs), among others, are also serving the basic banking requirements of the customers, such as cash withdrawals. With the New Year, LANDBANK reaffirms its commitment to providing unwavering support to the nation to fast-track recovery and promote development that is inclusive and sustainable.LEARN MORE
LANDBANK, Barili LGU sign P200-M loan for modern public market
Barili Mayor Julieto N. Flores (2nd from left), Barili Vice Mayor Luisito L. Ponsica (4th from left), Barili Municipal Treasurer Gamaliel S. Riconalla (1st from left) and LANDBANK Cebu South Lending Center Head, Vice President Allan R. Bisnar (3rd from left) sign a P200-million loan agreement to put-up a modern municipal public market. BARILI, Cebu – The Land Bank of the Philippines (LANDBANK) and the Municipal Government of Barili recently inked a P200-million loan agreement to finance the construction of a modern public market that will support the livelihood of agricultural producers in the municipality. The LANDBANK loan will be used to replace the existing dilapidated public market with a new infrastructure that will be divided into three major structures. Two buildings will accommodate the dry goods section, while another building will house vegetables, fruits, and wet goods such as meat and fish. There will also be a covered parking area on the second floor. The new public market is expected to benefit 5,222 farmers and 1,900 fishers in the area with a more conducive and spacious venue to sell their produce. “LANDBANK fully supports initiatives that promote the growth and development of local entrepreneurs and agri-producers. We are one with our local government partners in ramping-up efforts towards serving their constituents and building stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. Barili Mayor Julieto N. Flores is banking on the new public market to boost economic activity and attract more investments in the 2nd class Municipality, as more business establishments recover from the impact of COVID-19. “We will demolish the old Barili public market and construct the modern public market within one year, and we thank LANDBANK for supporting our plans and programs for the development of our Municipality as we recover from the pandemic,” said Barili Mayor Flores. In 2019, LANDBANK also financed the construction of the Mantalongon Livestock Auction Market for the traders in the locality, as well as from the neighboring provinces of Negros Oriental and Leyte. The Mantalongon Livestock Auction Market is currently the biggest livestock auction market in Cebu and the whole of Visayas. LANDBANK continues to extend necessary credit assistance to local government units (LGUs) to spur recovery and inclusive economic development in the countryside. As of November 2021, LANDBANK has extended P63.96 billion in outstanding loans to LGUs nationwide.LEARN MORE
LANDBANK branches nationwide remain open
Despite a sudden surge of COVID-19 cases in the country, Land Bank of the Philippines (LANDBANK) announced that its branches nationwide shall continue to operate to serve the banking needs of its customers. In a statement, the state-run Bank said a number of LANDBANK branches in the National Capital Region (NCR) and most parts of Luzon, where COVID-19 cases remain high, are open Mondays through Fridays from 8:30AM to 2:00PM, while LANDBANK branches in Visayas and Mindanao will continue to follow the regular banking hours of 8:30AM to 3:00PM on weekdays. However, some branches in NCR, Central Luzon and Southern Luzon are temporarily closed due to COVID-19 exposure of personnel and to give way to disinfection to ensure the health and safety of LANDBANK clients and employees. Meanwhile, the Bank's e-banking channels, such as the LANDBANK Mobile Banking App, iAccess, WeAccess, Link.BizPortal, Electronic Tax Payment System, Phone Access, and its ATM network, remain stable and available to the public 24/7. For a complete list of open and closed branches and their operating hours, please visit the LANDBANK website at www.landbank.com. Banking schedules of LANDBANK branches nationwide are also posted daily at the LANDBANK website, and at the Bank's official Facebook Page at @landbankofficial and Viber Community at @LANDBANK. With more Flipinos staying home as NCR and some parts of the country remain under Alert Level 3, LANDBANK once again reminded its customers to be cautious of online banking fraud and phishing activities. The Bank appealed to its clients to remain vigilant and ignore suspicious e-mails, text and social media messages, links and attachments from unknown senders. It also urged the public to be on the look-out for fake websites and social media accounts pretending to be LANDBANK by checking and verifying a suspicious site's URL, email address, social media account or phone number. Official LANDBANK representatives will never ask for a client's one-time passwords (OTPs), account details, and the card verification value (CVV) at the back of the card, among other security details, the Bank said.LEARN MORE