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Kaagapay mo sa buhay: LANDBANK calls on public to invest in RTB-30 to boost savings

State-run Land Bank of the Philippines (LANDBANK) is inviting Filipinos to participate in the Bureau of the Treasury’s (BTr) latest retail treasury bonds offering to save more of their money, while also helping the National Government to raise funds for the country’s development projects.  Interested investors may purchase the BTr’s Retail Treasury Bonds Tranche 30 (RTB-30) with a minimum investment of P5,000.00, offering an annual fixed interest rate of 6.25% within a five-year term. The proceeds from the issuance will be channeled towards enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities.  “The BTr’s RTB-30 not only offers investors higher financial returns but also the opportunity to take part in nation-building. Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK serves as one of the Joint Lead Issue Managers of RTB-30, which has the theme,“Kaagapay Mo Sa Buhay.” The offer period will end on 23 February 2024 or earlier as determined by the BTr, and the issue date is scheduled on 28 February 2024. Interest payments will be paid quarterly during the term of the bond. More accessible than ever Investing in BTr’s RTB-30 has been made more convenient and easier for interested investors in the country and abroad through LANDBANK’s various investment channels.  LANDBANK account holders can make online placements for RTB-30 in as fast as five minutes through the LANDBANK Mobile Banking App. This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK—allowing Filipinos from 130 countries to conveniently invest in the bond offer.  Interested investors can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may also exchange and reinvest their bond holdings for the latest bond offer via over-the-counter transactions.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to supporting the National Government’s fundraising initiatives to boost public resources for the country’s development plans and programs.

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LANDBANK unveils time deposit supporting social, sustainable projects

The Land Bank of the Philippines (LANDBANK) is offering a new sustainable time deposit product that channels funding support for social and environmental initiatives, while providing customers a secure avenue for financial returns.  The LANDBANK GreenGrowth Deposit features tiered interest rates as high as 4.25% per annum and is made available to individuals and private institutions.  Deposited funds under GreenGrowth Deposit will further boost LANDBANK’s thrust of sustainable financing, focusing on renewable energy projects, green technologies, and other eco-friendly initiatives and investments. The funds will be also allocated for community-centric programs aimed at enhancing social welfare. “The LANDBANK GreenGrowth Deposit reflects our dedication to creating a greener and more sustainable future, while encouraging customers to be part of this transformative journey. Open an account now where each peso deposited contributes to creating ripples of meaningful change,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s new time deposit product features a fixed one-year term, with a minimum placement of P50,000 offering a 2.25% interest rate per annum. Customers can enjoy higher returns of up to 4.25% interest rate for deposits amounting to P5 million and above.  Interested customers may open the LANDBANK GreenGrowth Deposit account online via the LANDBANK Digital Onboarding System (DOBS) and visit any of the 607 LANDBANK branches and branch-lite units nationwide to complete the account setup.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to sustainable finance towards building a stronger and more resilient economy.

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LANDBANK bags 5 Quill Awards for communication excellence

The Land Bank of the Philippines (LANDBANK) bagged five (5) recognitions at the 2024 Philippine Quill Awards for its exemplary communication campaigns and initiatives. LANDBANK Corporate Services Sector Head, Executive Vice President Alex A. Lorayes (middle) receives the awards for the Bank, with Senior Vice President Catherine Rowena B. Villanueva (3rd from left), First Vice President Vivian M. Cañonero (5th from left), Assistant Vice Presidents Gaudioso Carlos A. Garcia (6th from left) and Melissa B. Calimag (2nd from left), and Unit Heads Joselito G. Ramos (leftmost) and Kurt Dale O. Tordesillas (rightmost).  The Land Bank of the Philippines (LANDBANK) garnered five (5) recognitions at the 20th Philippine Quill Awards for its exemplary communication campaigns and initiatives that effectively convey the Bank’s pivotal role and contributions to national development. The state-run Bank received the honors on 23 January 2024 for both the Communication Management and Communication Skills categories, recognizing LANDBANK's strategic communication efforts in servicing its diverse publics and stakeholders.  “These Quill awards are a testament to LANDBANK's unwavering commitment to excellence, innovation, and meaningful customer engagement. They inspire us further to continue elevating our service and promoting our advocacies of financial inclusion and sustainability," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s Quill Awards The LANDBANK Serving the Nation Campaign earned a recognition in the Marketing, Advertising and Brand Communication category for effectively reintroducing the Bank's expanded role as a driver of national development. The campaign highlighted LANDBANK's intensified support to the agricultural sector and other key economic sectors.  The LANDBANK Serving the Nation Institutional Video was recognized under the Audio and Visual category. With the central theme of "Para sa Kinabukasan ng Bayan," the video showcases the Bank's holistic programs and initiatives is support of its diverse customers.  Under the Communication Management category, the Bank’s Hybrid Flag Ceremony was also recognized for the Bank’s innovative response to physical restrictions on mass gatherings, thereby continuing to foster a sense of unity and community among its employees at the height of the global health pandemic. The Bank’s #MyTEStimony campaign received a recognition under the Social Media Category for showcasing the challenges and triumphs of the government’s scholars under the Tertiary Education Subsidy (TES) Program, in partnership with the Commission on Higher Education (CHED).  Finally, the LANDBANK Information Security Campaign received a Quill Award for raising the awareness of customers and the general public against various types of online banking fraud to better safeguard their finances. The Philippine Quill Awards, organized by the International Association of Business Communicators (IABC) Philippines, is a prestigious awards program in the field of business communication, celebrating the strategic use of communication to achieve business goals, foster positive stakeholder relationships, and contribute to societal development. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.

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LANDBANK caps off 2023 with P755.1-B support to agri, rural dev’t

The Land Bank of the Philippines (LANDBANK) continues to intensify its support to advance growth in the countryside, with outstanding loans to the entire agricultural value chain surging to P755.1 billion as of end-December 2023.  The Bank expanded its loans to agriculture and rural development by 23% from P614.8 billion in the third quarter, driven by strategic financing for agriculture and fisheries production, sustainable projects, and public rural infrastructure under Republic Act No. 11901, otherwise known as “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” LANDBANK’s investments in promoting countryside development of P755.1 billion represents 51% of the Bank’s total loan portfolio.  “As LANDBANK's role in nation-building continues to expand, our commitment to advancing countryside development has remained steadfast. Through accessible financing and support interventions, we are empowering communities and enriching lives, while boosting the National Government's inclusive and sustainable development agenda," said LANDBANK President and CEO Lynette V. Ortiz. A substantial portion of LANDBANK’s P255.2 billion financing for agriculture, fisheries and rural development (AFRD) backed rural infrastructure projects, such as public markets, highways, and transport systems.  Another P186.3 billion supported sustainable projects designed to mitigate climate change and promote responsible resource management.   In support of agriculture and fisheries production, LANDBANK provided P118.1 billion for the processing of fisheries and agri-based products, and farm inputs. Efforts toward modernizing farming practices and business processes were dedicated with a P70 billion boost. Off-farm and fishery entrepreneurship also received P61.6 billion, while projects promoting the health and wellness of agri players and beneficiaries were allocated P43.4 billion.  The rest of LANDBANK’s AFRD financing covers various aspects of the agri value chain, including marketing, processing, distribution, shipping and logistics, storage of agricultural and fishery commodities, construction, acquisition and repair of facilities, agri-tourism, and agricultural mechanization, among others. LANDBANK is projecting its AFRD loans to reach P825 billion by the end of 2024, driven by the growing requirements for public rural infrastructure and sustainable green projects, in continued support of the Bank’s mandated and other priority sectors.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside.                

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LANDBANK Marks Record P40.3 Billion Net Income in 2023

The Land Bank of the Philippines (LANDBANK) ended 2023 with an all-time high net income of P40.3 billion—the very first time that it breached the P40-billion mark surpassing its full-year target by P5 billion.  The Bank’s 2023 profit translates to a substantial 34% expansion from P30.1 billion in 2022. The robust financial performance was fueled by strong revenues from loans and investments alongside prudent cost management. “LANDBANK’s strong financial performance in 2023 exemplifies sound management committed to deliver remarkable results in a thriving economy. We will build on this growth momentum to further drive meaningful investments in advancing inclusive and sustainable development in the country," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s assets climbed 4.2% to P3.3 trillion, bolstered by strong deposit inflows and income generated from loans and investments. The Bank saw deposits grow by 4.5% to P2.9 trillion.  The state-run Bank maintains a stable and robust capital position, with year-end capital jumping to P266.8 billion on the back of strong profitability. This translates to 27% year-on-year growth from P210.6 billion last year. LANDBANK’s financial ratios continued to be at healthy levels, with Capital Adequacy Ratio (CAR) at 16.35% and Common Equity Tier 1 Ratio (CET 1) at 15.46%. Return on equity stood at 16.87%, significantly higher than the 12.15% industry average. This strong financial base will further enhance support for agriculture, fisheries and rural development (AFRD), as well as other key development sectors, in line with the Bank’s broader thrust of serving the nation.  From January to December 2023, LANDBANK’s loans granted to various sectors translated to more infrastructure facilities and basic services provided to Filipinos across the country.  “We look forward to 2024 as another banner year for LANDBANK, underscoring our commitment to transformative and disruptive digital initiatives. This momentum gives us much optimism towards reaching new milestones in expanding financial inclusion nationwide,” added President and CEO Ortiz. Finance Secretary and LANDBANK Chairman Ralph G. Recto recently met with the LANDBANK Management, and commended the Bank for surpassing its financial targets in 2023, maintaining a strong capital position, and intensifying support to agriculture, fisheries, and rural development. He also lauded the bank's strong support of the national government’s programs and the implementation of various digital platforms. Secretary Recto also assured full support for the bank's strategic initiatives in 2024 for national development lending, treasury and investment, digital banking, and cybersecurity, among other areas. LANDBANK garnered the highest rating for corporate governance in 2022 among government-owned and controlled corporations (GOCCs) in the country from the Governance Commission of GOCCs (GCG).  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to being at the forefront of nation-building through the delivery of responsive services beyond banking.                 

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LANDBANK backs Iloilo market vendors with QR payments

Iloilo Terminal Market vegetable stall owner Jasmin Marasigan now accepts cashless payments via QR code powered by LANDBANK. ILOILO CITY, Iloilo – In line with its commitment to make cashless transactions more accessible, the Land Bank of the Philippines (LANDBANK) has equipped Iloilo City’s public market store owners with the capacity to accept digital payments. Jasmin Mangalisan, a vegetable vendor at the Iloilo Terminal Market, is grateful for the increased security and efficiency in her digital transactions since adopting the use of Quick Response (QR) technology powered by LANDBANK. "Ang cashless nga pagbayad sa akon dako nga bulig sa adlaw-adlaw namon nga negosyo, labi na gid sa mga holiday. Wala na sang peke nga kwarta mabaton, gamay nga sinsilyo na lang kag hapos magbayad sa akon nga mga suppliers gamit ang online transfers," Jasmin said. (“Cashless payment has become a game-changer in our day-to-day business, especially during the holidays. No more fake money scares, less bulky loose change to manage, and it’s easier to pay my suppliers through online transfers”) Aside from the improved security, Jasmin noted the significant convenience that QR payment has afforded her since the recent rollout of PalengQR Ph Plus in Iloilo City. "Ang kwarta na ginabayad sa akon mahapos magamit tungod sa akon LANDBANK account. Kag sa akon nga LANDBANK ATM kag Mobile Banking App, ang pagsulod kag kuha sang kwarta, mahapos na lang," she added (“My collections are readily accessible through my LANDBANK account, and with my ATM card and Mobile Banking App, cash in and out is a breeze.”) The Paleng-QR Ph Plus program is spearheaded by the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), which aims to promote the use of QR Ph, the national standard for electronic payments, through QR codes. "LANDBANK is leveraging the transformative power of digitalization to advance cashless transactions across local markets nationwide. In partnership with the BSP and DILG, we are empowering store owners like Jasmin, as we continue to promote financial freedom for all," said LANDBANK President and CEO Lynette V. Ortiz. The Bank's active participation in the PalengQR Ph Plus program nationwide extends beyond Iloilo City. Since August 2022, the Bank has facilitated on-the-spot account openings for market vendors, customers, and public transport drivers nationwide. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.                

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Healthway secures P500-M LANDBANK loan for cancer patients’ care

(seated) LANDBANK President and CEO Lynette V. Ortiz (3rd from right) and Ayala Healthcare Holdings (AC Health) and Healthway Cancer Care Hospital (HCCH) Chairman Paolo Maximo Borromeo (4th from right) formalize a P500-million loan agreement in support of HCCH on 10 January 2024 in Taguig City. Joining them as witnesses from LANDBANK are Executive Vice President Ma. Celeste A. Burgos (2nd from right) and Senior Vice President Lucila E. Tesorero (rightmost), alongside Healthway Medical Network (HMN) and HCCH President and CEO Jaime E. Ysmael (5th from right) and AC Health and HCCH Chief Finance Officer Ruby P. Chiong (leftmost). TAGUIG CITY – The Land Bank of the Philippines (LANDBANK) has granted a P500-million loan to the newly inaugurated Healthway Cancer Care Hospital (HCCH) in Arca South, Taguig City. HCCH is under AC Health’s hospitals and clinics arm, the Healthway Medical Network (HMN), and is the first dedicated comprehensive cancer hospital in the Philippines. The loan will fund the Hospital’s general corporate requirements, which includes acquisition of essential medical equipment, to enhance the hospital’s capacity to provide the best care to patients battling cancer. This is in line with enhancing access to quality and affordable cancer treatment in the country. "Healthcare is a very important pillar to us at LANDBANK. And this P500-million transaction to boost the operations of Healthway Cancer Care Hospital will go a long way towards providing responsive and accessible cancer care. We hope that this is the start of a fruitful and meaningful partnership that will span many years," said LANDBANK President and CEO Lynette V. Ortiz. The signing ceremony was led by LANDBANK President and CEO Ortiz and AC Health and HCCH Chairman Paolo Maximo Borromeo on 10 January 2024 at the Healthway Cancer Care Hospital in Taguig City. Also present as witnesses were LANDBANK Executive Vice President Ma. Celeste A. Burgos and Senior Vice President Lucila E. Tesorero, alongside HMN and HCCH President and CEO Jaime E. Ysmael and AC Health and HCCH Chief Finance Officer Ruby P. Chiong. HCCH offers a range of treatment modalities, including chemotherapy, radiation, surgery, and diagnostics, catering to a broad base of patients. "The involvement of LANDBANK underscores the power of partnerships in creating a sustainable model that addresses the immediate challenges of cancer care while contributing to the larger mission of improving the overall health landscape in the Philippines – allowing us to sustain our facility, to deliver world-class cancer care and implement innovative solutions that drive down costs. LANDBANK’s support is an endorsement of our vision of transformative, inclusive healthcare," said AC Health and HCCH Chairman Borromeo.  HMN and HCCH President and CEO Ysmael added, “The generous support extended by LANDBANK has not only provided us with the necessary resources to keep turning our dream into reality but has also reinforced the belief that, when fighting cancer, we are not alone. This support goes beyond monetary value; it reflects a shared commitment to help others.” HMN is a subsidiary of AC Health, which is a wholly-owned subsidiary of the Ayala Corporation. By fostering collaboration and investing in critical healthcare infrastructure, LANDBANK is strengthening the country’s healthcare system and promoting healthier and more fulfilling lives for Filipinos. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.                

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Expanding financial access for all: LANDBANK rolls out LANDBANKasama Program in remote areas

(left photo) LANDBANK Executive Vice President Liduvino S. Geron (8th from left), alongside Mayor Fernando B. Estavilla (7th from left) and DSWD Region VII Director Shalaine Marie S. Lucero (6th from left), spearheads the launch of the LANDBANKasama Program in the Municipality of President Carlos P. Garcia in Bohol to bring banking services closer to the residents of the island town. (right photo) LANDBANKasama Partner ZVN Store demonstrates to DSWD beneficiaries the convenience of conducting cash-in and cash-out transactions using LANDBANK’s point-of-sale terminal. The Land Bank of the Philippines (LANDBANK) is ramping-up efforts towards expanding financial inclusion in the country with the nationwide rollout of the LANDBANKasama Program that will provide basic banking services in far-flung and underserved communities, also known as Geographically Isolated and Disadvantaged Areas (GIDAs). The LANDBANKasama Program was launched as part of the state-run Bank’s Digital Financial Inclusion Caravan on 18 January 2024 with simultaneous events in 11 sites nationwide in the provinces of Batanes, Tarlac, Quezon, Oriental Mindoro, Camarines Sur, Bohol, Negros Occidental, Leyte, Cagayan de Oro City, Davao del Norte, and Sulu.  The new LANDBANKasama Partners tapped in these sites will add to the Bank’s 1,113 accredited local partners operating 1,870 cash-out terminals as of December 2023. The LANDBANK Digital Financial Inclusion Caravan, which promotes digital banking and the habit of saving through financial education, introduced the LANDBANKasama Program and the new LANDBANK PISO Plus, among the Bank’s latest offerings.  “The LANDBANK Digital Financial Inclusion Caravan represents our steadfast commitment to fostering financial inclusion and empowering the underserved. We will continue to leverage on meaningful partnerships and digital technology to reach and serve even the farthest corners of the country,” said LANDBANK President and CEO Lynette V. Ortiz. Expanded financial access through LANDBANKasama Program To ensure financial access even in the most remote and underserved areas, LANDBANK is expanding its strategic partnerships with local players—client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities, among others—to provide basic banking services on behalf of the Bank. LANDBANKasama is a rebrand of the Bank’s Agent Banking Program (ABP), which better captures the goals of the Program in creating strategic points of banking access and promoting collaboration among local players towards expanding financial inclusion.  LANDBANKasama Partners provide services such as cash withdrawals, cash deposit, fund transfers, bills payment, and balance inquiry, while helping to save on transportation costs for clients who previously needed to travel to other towns and cities for these basic banking transactions.  The program benefits beneficiaries of the Conditional Cash Transfer (CCT) Program of the National Government, as well as government employees, teachers, students, and other private clients from underserved communities. Banking and saving made easier with PISO Plus  Participants open the new LANDBANK PISO Plus account on the spot using their smartphones through the LANDBANK Mobile Banking App, during the rollout of the Digital Financial Inclusion Caravan in the Municipality of Mayantoc in Tarlac. To encourage more Filipinos into the habit of saving, the Bank also launched its newest product, the LANDBANK PISO Plus, which is a basic deposit account that interested customers can conveniently open online through the LANDBANK Mobile Banking App (MBA).  With no initial deposit and no maintaining balance required, opening a LANDBANK PISO Plus account provides customers instant access to the Bank's other digital banking services. These include fund transfers, bills payment, e-commerce transactions, and cardless withdrawals through the LANDBANK MBA. There is also no required average daily balance for the account to earn interest. Alongside a virtual Visa Debit Card, customers can opt to obtain a physical card for a nominal fee.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, and leverage on innovative technology for safe, convenient, and accessible digital banking solutions.                

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LANDBANK free online fund transfers for P1k and below remain

In line with providing safe, convenient, and accessible digital banking services, the Land Bank of the Philippines (LANDBANK) continues to waive fees for fund transfers to other banks via InstaPay and PESONet for transactions worth P1,000 and below.  LANDBANK customers can enjoy free online fund transfers for the first three transactions facilitated in a day through the LANDBANK Mobile Banking App (MBA), and the Bank’s online retail banking channel, the iAccess. For interbank fund transfers amounting to more than P1,000, a lowered fixed transaction fee of P15 from the previous rate of P25 will be applied. Meanwhile, fund transfers between LANDBANK and Overseas Filipino Bank (OFBank) accounts, regardless of the amount, remain free-of-charge.  “We are extending our waiving of fees for small-value online fund transfers to encourage more clients to embrace cashless transactions, in support of the National Government’s thrust of building a cash-lite economy. Beyond the convenience of free fund transfers, customers can also use LANDBANK’s digital platforms for bills payment, cardless withdrawal, and opening of additional deposit account,” said LANDBANK President and CEO Lynette V. Ortiz. For seamless and convenient online fund transfers and bills payment, the LANDBANK MBA can be downloaded for free on Google Play, Apple App Store, and Huawei App Gallery. LANDBANK customers can easily enroll their account in the MBA to conduct online financial transactions, by providing their deposit account details.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, and leverage on innovative technology for safe, convenient, and accessible digital banking solutions.                

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