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LANDBANK agri loans hit P257.7-B as of end-June

Celebrating 59 years of serving the nation As Land Bank of the Philippines (LANDBANK) celebrates its 59th anniversary on 8 August 2022, the state-run Bank remains committed to servicing the development requirements of small farmers, fishers, and other key players in the agri-business value chain, as loans to the agriculture sector reached P257.7 billion as of 30 June 2022.  The P257.7 billion total outstanding loans translate to a 15.5% increase from the same period a year ago, further solidifying LANDBANK’s position as the biggest lender to the agriculture sector in the country. “LANDBANK stands ready to extend accessible credit to all agri players to boost the country’s food production and supply. We will continue ramping up our lending activities in full support of the new administration’s agricultural modernization agenda,” said LANDBANK President and CEO Cecilia C. Borromeo.  Of the P257.7 billion total outstanding loans, P37.5 billion benefited small farmers and fishers, including those which were channeled through cooperatives and farmers’ associations, rural financial institutions, and other conduits. A total of P163.1 billion supported small, medium, and large agribusiness enterprises, while the remaining P57 billion aided agri-aqua related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). The loans were used to finance various economic activities, including P56.7 billion for livestock, crops and fisheries production, and P122.2 billion for agri-processing and trading of rice, corn, and sugarcane, among others.  A total of P78.8 billion also backed the construction and improvement of essential agriculture infrastructure such as public markets, farm-to-market roads, warehouses, cold storages, irrigation systems, and slaughterhouses. In the first six months of 2022, LANDBANK also assisted in the construction and improvement of 138 kilometers of farm-to-market roads—which is one of the priorities in President Ferdinand Marcos, Jr.’s development plan for the agriculture sector.  Agri-Mechanization Financing Program In support of the President’s long-term goal to modernize agricultural production, LANDBANK has been offering the Agri-Mechanization Financing Program designed to promote mechanization of production and post-production processes, from planting to harvesting and processing, thereby increasing efficiency, reducing post-harvest losses and lowering production costs. The LANDBANK Agri-Mechanization Financing Program has supported 53 micro and small enterprises and cooperatives with cumulative loan releases totaling P681.5 million as of end-June 2022.  More Small Farmers and Fishers Assisted By adopting a more focused and direct lending approach, LANDBANK has cumulatively assisted more than 3.3 million farmers and fishers nationwide, of which 566,462 or 17% came from the 20 poorest provinces in the country. The top provinces with the highest number of beneficiaries include Nueva Ecija, Maguindanao, Bohol, Pangasinan, Cotabato, Isabela, Cagayan, Leyte, Ilocos Sur, and South Cotabato. LANDBANK’s close collaboration with the Department of Agriculture (DA) and the Department of Agrarian Reform (DAR) has also allowed it to reach and serve more farmers and fishers.  As of 30 June 2022, LANDBANK has extended a total of P13.3 billion to 247,591 borrowers under the programs it is administering for DA, and another P719.4 million to more than 200 agrarian reform beneficiary (ARB) organizations benefiting over 11,000 ARBs and small farm holders under DAR’s programs.  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, representing almost six decades of service to the nation.

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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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LANDBANK assistance injects hope to Davao de Oro banana plantation

LANDBANK’s timely assistance helped Reicher Banana Farm, Inc. (RBFI) in Davao de Oro to register a 100% growth in production and fully recover from the dreaded Panama disease. PANTUKAN, Davao de Oro – When Reichard Dumaluan’s 74-hectare banana plantation was hit hard by the destructive Panama plant disease in 2013, his business was at serious risk of wilting away along with the infected trees in his farm.  The Panama disease infested Cavendish plantations throughout the province (formerly Compostela Valley) and neighboring towns in the region, only four years after Dumaluan established the plantation, Reicher Banana Farm, Inc. (RBFI), in 2009. Over time, the disease caught on, affecting the quality and quantity of RBFI’s produce. With plantation yield and income significantly reduced, RBFI sought financial assistance from the Land Bank of the Philippines (LANDBANK) to rehabilitate and sustain their operations.  RBFI availed of a P75-million loan from LANDBANK in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation.    After two years of rehabilitation, RBFI fully recovered from the plant disease and is now harvesting around 10,000 boxes of produce a week—a 100% increase from the previous production of 5,000 boxes a week. “LANDBANK recognizes the importance of each subsector of agriculture to ensure food security. Through accessible credit assistance, we stand ready to support the diverse requirements of agri players to boost production and income,” said LANDBANK President and CEO Cecila C. Borromeo. RBFI also used a portion of the LANDBANK loan for land expansion and modernization, which includes the purchase of a digital device which can record data per banana bunch, such as its weight, age, and location in the plantation.  With the data, RBFI can digitally monitor the health of the crops and accurately distributes farm inputs such as fertilizers, thereby helping the company save on costs. The generated data also allows RBFI to forecast harvests within a given season. “I am grateful for LANDBANK’s support, especially at a time we needed it the most. As a client, we appreciate the customer service, as well as the financial and technical support they provide for our production,” Reichard Dumaluan said.  RBFI has since expanded its plantation to 130 hectares and generates employment for around 220 local residents. Their banana harvest is also being exported to different countries, including South Korea, China, and the Middle East, among others.  As of 30 June 2022, LANDBANK’s loan portfolio to support the country’s banana industry has reached P1.49 billion, in line with its intensified service to the agriculture sector. 

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LANDBANK launches ’PISO’ account for unbanked Filipinos

Students, public utility vehicle drivers, vendors, household helpers, farmers, fishers, and other unbanked and underserved Filipinos can now open a LANDBANK PISO account with just P1.00 as minimum initial deposit. The Land Bank of the Philippines (LANDBANK) offers a new product to help bring more unbanked and underserved Filipinos—including students, public utility vehicle drivers, vendors, household helpers, farmers, and fishers—into the country’s formal banking system. Through the LANDBANK “Perang Inimpok Savings Option” or PISO account, interested customers can open a LANDBANK deposit account with only P1.00 as minimum initial deposit and up to a maximum of P50,000 account balance. The depositor is only required to submit one (1) valid identification card or any Barangay certification, clearance, or ID for verification. The LANDBANK PISO account is being offered to individuals without an existing LANDBANK deposit account and have no capacity to open a regular deposit savings account with higher initial deposit and maintaining balance requirements.   “The LANDBANK PISO is another testament of our commitment to advance the National Government’s financial inclusion agenda. We continue to develop accessible and convenient banking products relevant to the diverse needs of our customers, including the unbanked and underserved,” said LANDBANK President and CEO Cecilia C. Borromeo.  With the LANDBANK PISO, accountholders can access the Bank’s array of digital banking channels such as the iAccess, Link.BizPortal, and the Mobile Banking App for fund transfer, bills payment, and balance inquiry services. Accountholders can also use the PISO account in any LANDBANK, BancNet, and 7-Eleven Automated Teller Machines (ATMs), domestic Point-of-Sale (POS) terminals, and for over-the-counter transactions in their respective LANDBANK branch of account.  Interested individuals may go to the nearest LANDBANK Branch in their area to open a LANDBANK PISO account. LANDBANK remains to be the only bank present in all of the country’s 81 provinces. As of 30 June 2022, the state-run Bank operates 608 branches; 2,847 ATMs; and 233 Cash Deposit Machines nationwide.

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LANDBANK backs Biliran’s dev’t push

The Provincial Government of Biliran tapped LANDBANK to finance the construction of a flood control system in the Municipality of Naval (left photo) and acquisition of medical equipment and ambulances (center and right photos), among other development projects to enhance the delivery of essential public services in the province.  BILIRAN – State-run Land Bank of the Philippines (LANDBANK) is doing its share to accelerate recovery and development of this island province by catering to the banking and financial needs of the provincial government and its eight municipalities.  LANDBANK is the sole servicing bank in Biliran with a 100% share in deposits and loans of all local government units (LGUs) of the province—making the Bank the biggest development partner of the LGUs towards inclusive and sustainable local development. “Biliran is full of promising opportunities with its rich natural resources and flourishing agriculture and tourism sectors. LANDBANK fully supports the province’s development agenda by servicing the requirements of all LGUs and other local stakeholders,” said LANDBANK President and CEO Cecilia C. Borromeo.  As of 30 June 2022, LANDBANK has approved loans to Biliran LGUs amounting to P747.9 million, which include financing for the construction of road networks, waterworks systems, public markets and government buildings, and acquisition of essential equipment, among others.  In support of the Provincial Government’s COVID-19 response, LANDBANK financed the acquisition of medical equipment and supplies to boost the healthcare services of the Biliran Provincial Hospital—the only public hospital in the province.  The Bank likewise supported the provincial government in the acquisition of land and sea ambulances to assist all municipalities for the expedient transfer of patients to the provincial hospital.  The provincial government was also assisted by the Bank to complete a four-kilometer road, drainage and flood control systems, water reservoir and perimeter fence in the Municipality of Naval, which serves as the provincial capital.  LANDBANK’s outstanding loans to Biliran’s agriculture sector have reached P79.2 million, with nearly 25,000 farmers and fishers assisted as of end-June 2022. Major provincial commodities financed include the production of milkfish and palay. At the same time, LANDBANK also facilitates the regular disbursement of subsidies to over 20,000 local beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD).  The CCT and UCT beneficiaries can use their LANDBANK Prepaid Cards for cash withdrawals from the Bank’s eight automated teller machines (ATMs) and three Agent Banking Partners (APBs) in the province, as well as for cashless purchases in groceries and drugstores with point-of-sale (POS) terminals.  The LANDBANK Prepaid Cards are now upgraded into transaction accounts with expanded features to provide a more convenient banking service to users. New features include receiving funds from LANDBANK accounts through fund transfers via the LANDBANK Mobile Banking App (MBA), iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, ATMs, and from other bank accounts via InstaPay and ATM fund transfers. LANDBANK is also providing Biliran LGUs digital banking facilities designed to enhance operational efficiency. These services include digital account management via the LANDBANK weAccess, online payment and collection of local fees and charges powered by the LANDBANK Link.BizPortal, and digital tax payments through the LANDBANK Electronic Tax Payment System (eTPS).  The Bank is also looking to expand its accessible touchpoints with two additional ATMs in the towns of Kawayan and Cabucgayan within the year. LANDBANK, the only bank present in all 81 provinces in the country, is the biggest development partner servicing the LGU sector, with outstanding loans reaching P79.23 billion as of end-May 2022 and all LGUs nationwide maintaining deposit accounts with the state-run Bank.  

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LANDBANK launches P10-B facility for Odette-affected rural banks

The Land Bank of the Philippines (LANDBANK) launched a new lending program to help fast-track the recovery of countryside financial institutions (CFIs) adversely affected by the onslaught of typhoon Odette last December 2021.  Through the Countryside Financial Institutions – REhabilitation and Support to Typhoon Odette-Affected AREas or CFI-RESTORE Lending Program, LANDBANK will finance permanent working capital and capital expenditures, including the repair and rehabilitation of buildings and facilities, and the repair or purchase of equipment damaged by the typhoon.  The CFI-RESTORE Lending Program can also be used to supplement the funds of CFIs for relending to sub-borrowers affected by the typhoon. “In the face of unprecedented financial challenges brought about by calamities, LANDBANK stands ready to assist CFIs to sustain their operations. This is part of our commitment to advance local recovery and help build more resilient communities nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the CFI-RESTORE Lending Program, LANDBANK will assist affected CFIs in six (6) regions previously declared by the National Government under a state of calamity due to typhoon Odette. These include MIMAROPA (Region IV-B), Western Visayas (Region VI), Central Visayas (Region VII), Eastern Visayas (Region VIII), Northern Mindanao (Region X), and CARAGA (Region XIII). Eligible Program borrowers include rural, thrift and cooperative banks which may borrow up to 85% of the actual need for permanent working capital and capital expenditure, and up to 90% for the CFIs’ sub-borrowers’ agricultural loans and 85% for non-agricultural loans.  An interest rate of 4% per year shall apply, fixed for the first three (3) years and subject to repricing thereafter, and payable up to three (3) years for working capital, ten (10) years for capital expenditure, and ten (10) years for term loan rediscounting. CFIs with existing loans with LANDBANK may also avail of loan restructuring under the Program to rehabilitate and restore their operational cash flow, via extended repayment period. The LANDBANK CFI-RESTORE Lending Program will also cater to CFIs in areas placed under a state of calamity by their respective local government units. Interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.

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LANDBANK powers South Cotabato hospital’s sustainable healthcare

‘Green’ hospital. Around 40% of Dr. Arturo P. Pingoy Medical Center’s total energy requirement comes from solar energy produced by 897 solar panels, which were purchased through LANDBANK financing. KORONADAL CITY, South Cotabato – As part of its commitment to operate an environmentally sustainable hospital, the Dr. Arturo P. Pingoy Medical Center is tapping into solar energy as an alternative power source to deliver quality healthcare to patients.  Established by physician spouses Dr. Arturo and Dr. Amparo Pingoy in 1961, the hospital has grown from a small out-patient clinic into a three-storey medical building with a 100-bed capacity. The Land Bank of the Philippines (LANDBANK) has been a major partner of the hospital since 1998, extending credit assistance amounting to P612 million which were used for working capital and construction of medical buildings and facilities. Of this amount, P127 million was allotted for the establishment and operations of the medical school, St. Alexius College, Inc.  Now operated by the Pingoy children, the hospital is transforming into a ‘green’ healthcare facility by using a portion of the latest loan under LANDBANK’s Go Green Inclusive Financing Program to install 897 solar panels that now serve as an alternative power source. With a total capacity of 342 kilowatt peak (kWp), the solar panels are able to supply 30% to 40% of the total energy requirement of the hospital. This generates around P4.8 million in savings per year, which improves the medical center’s cash flow and can be used for other essential expenses. “As an energy-intensive business, we want to do our part in minimizing the hospital’s carbon footprint, while keeping our patients and employees safe and comfortable. With LANDBANK’s support, we were able to make this a reality,” said daughter Dr. Nanette P. Franco, who serves as a director at the Medical Center.  Additionally, the solar power helps the hospital continue operations even during power failures, preventing the disruption of medical procedures and damage to hospital equipment. Through the Go Green Inclusive Financing Program, LANDBANK aims to finance the acquisition, construction, or installation of equipment, systems, appliances, or structures for the efficient and cost effective use of energy or electricity.  Eligible borrowers include enterprises registered as single proprietors, partners, cooperatives, and corporations; local government units (LGUs); government-owned and controlled corporations (GOCCs); state universities and colleges; and private universities and colleges classified as small and medium enterprises (SMEs).  Up to 90% of the total project cost may be borrowed to finance non-fossil energy sources, such as roof top solar energy systems, wind mills or turbine systems or hybrid energy generators, and waste to energy conversion systems or equipment.  The LANDBANK Go Green Inclusive Financing Program also finances the installation of thermal insulation and heat exchange systems, energy efficient lightings, rain collection or water recycling systems, construction of green buildings, and installation or adoption of energy efficient cooling systems and equipment, among others.  Loans are payable up to 15 years based on cash flow or the economic useful life of the financed project, whichever is shorter. The interest rate shall be based on the prevailing market rate, but not lower than 5% per year. As of 31 May 2022, LANDBANK has approved loans totaling P48.9 million under the Go Green Inclusive Financing Program, underscoring the Bank’s thrust of promoting sustainable finance and development. 

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Bukidnon, Sarangani LGUs tap LANDBANK’s digital banking solution

The Provincial Governments of Bukidnon and Sarangani in Mindanao have commended the Land Bank of the Philippines (LANDBANK) for providing a digital banking facility for convenient payroll transactions, remittances, and payment of government contributions for their employees. The two local government units (LGUs) enrolled their institutional accounts to weAccess, LANDBANK’s internet-based banking facility for institutional clients that offers fund management, bills payment, remittance services, and Automated Teller Machine (ATM) payroll services, among others. The Bukidnon LGU cited the convenient and timely disbursement of salaries to employees with the use of the LANDBANK weAccess. “The LANDBANK weAccess significantly improved our operational efficiency as it eliminates travel time from our office to the bank, unnecessary delays in releasing personnel benefits, and shortage of coins for exact change,” said Bukidnon Provincial Treasurer Marilou Bueno. Bueno pointed out that prior to their LANDBANK weAccess enrollment, they had to manually deliver payroll documents to the LANDBANK Malaybalay Highway Branch to process the salary of more than 3,000 employees. “The LANDBANK weAccess really resolved this concern. Now, I can approve the payroll transactions even when I am out of the office,” Bueno added. The partnership between LANDBANK and Bukidnon LGU started in 1996 when the latter opened a deposit account with the Bank. Over the years, they have continuously tapped LANDBANK to finance infrastructure projects for various economic activities benefitting the Province and its constituents. At present, LANDBANK has a total of seven (7) branches and a branch-lite unit in the Province of Bukidnon, complemented by 42 ATMs, five (5) Cash Deposit Machines (CDMs), and two (2) Agent Banking Partners operating on behalf of the Bank. Meanwhile, the Sarangani LGU utilizes the LANDBANK weAccess to remit employees’ premium payments and monthly contributions to the Home Development Mutual Fund or Pag-IBIG Fund, as well as payments to the Government Service Insurance System (GSIS). “The introduction of LANDBANK weAccess to our province simplified the remittance of our employees’ payments to Pag-IBIG and GSIS,” said Sarangani Provincial Treasurer Eliza Cania.  With LANDBANK weAccess, the process of remitting physical checks to these government offices was eliminated, which also improved the LGU’s manpower efficiency. Cania said that the platform was also heavily utilized at the height of the COVID-19 pandemic in 2021, when mobility within the province was restricted. “The LANDBANK weAccess was very useful for us especially during the times when we encountered a surge in COVID-19 cases since it allowed us to deliver unhampered financial services to our employees,” Cania added.  A LANDBANK client for almost three (3) decades, the Provincial Government of Sarangani has complementing touchpoints of 11 LANDBANK ATMs across the province and a Branch in Alabel to cater to their banking needs. LANDBANK has also financed various development and infrastructure projects in all of Sarangani’s seven municipalities. As of end-May 2022, LANDBANK has recorded a total of 10 million transactions amounting to P243.64 billion through its weAccess platform, recording increases of 31.99% in volume and 24.73% in value, year-on-year. As the biggest development partner of LGUs nationwide, LANDBANK leverages on technological solutions to serve the requirements of local governments and in serving the nation. 

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Isabela fish farm reels in success with LANDBANK support

LANDBANK assisted the operations of A.R. Santiago Fish Farm, owned by Arnel Santiago (left photo) in San Mateo, Isabela, which now produces 300,000 to 500,000 tilapia fingerlings monthly that are sold regularly to fish pond operators, government agencies, and other buyers in the Cagayan Valley and Cordillera Administrative Region (CAR). SAN MATEO, Isabela – When Cagayan Valley, one of the country’s largest tilapia-producing regions, faced a region-wide shortage of tilapia fingerlings in 1993, business graduate Arnel Santiago decided to establish his own fish hatchery to help boost local production and earn additional income.  With no prior experience in aquaculture but armed with determination to learn about fish farming, Arnel completed trainings on fish pond operations and established A.R. Santiago Fish Farm. He was able to sustain his operations until 2002, when running his business became a challenge due to lack of capital. It was then that Arnel availed of his first loan from the Land Bank of the Philippines (LANDBANK) to purchase feeds and modern equipment such as water pumps and a backhoe, as well as a 2.4-hectare agricultural land to expand his fish farm.  Through LANDBANK’s continuing credit assistance over the years—which has since amounted to P6.4 million—Arnel’s fish production increased from an average of 100,000 tilapia fingerlings to 300,000 to 500,000 fingerlings per month.  “Isang taos-pusong pasasalamat sa LANDBANK. Dahil sa tulong nila ay umasenso at napalawak ko ang aking negosyo. Nakatulong rin ako na mapunan ang kakulangan sa produksyon ng tilapia dito sa aming rehiyon,” said Arnel. A.R. Santiago Fish Farm now supplies fingerlings to various fish pond operators and buyers in Cagayan Valley and the Cordillera Administrative Region (CAR). The farm is also tapped by the Bureau of Fisheries and Aquatic Resource (BFAR) Region II and other local government units to supply fingerlings for their distribution activities to fish farmers.  With his increased income, Arnel was able to purchase a solar irrigation system to power his water pumps during daytime. This has since reduced monthly operational expenses by 30%. “Consistent with the country’s continuing recovery, LANDBANK remains committed to catering to the financial requirements of the fisheries sector. We are assisting fishers and other key players to boost their production and income,” said LANDBANK President and CEO Cecilia C. Borromeo. To support the local fishing industry in Isabela, Arnel offers technical assistance to new fish breeders who want to venture into the tilapia breeding business. The A.R. Santiago Fish Farm is now accredited as a ‘Learning Site for Agriculture’ by BFAR, the Agricultural Training Institute (ATI), and Technical Education and Skills Development Authority (TESDA). Arnel has also reaped various awards for his accomplishments as a fish farmer from the Department of the Agriculture (DA) and the Local Government of San Mateo.  “Gusto kong ibahagi ang aking expertise at technical knowledge sa bagong henerasyon, para masiguro ang tuloy-tuloy na paglago ng aquaculture industry sa ating bansa,” Arnel added.  LANDBANK remains to be the biggest lender to the agriculture sector, with a total agri loan portfolio of P257.94 billion and having assisted more than 3.2 million small farmers and fishers nationwide as of 31 May 2022.

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LANDBANK inaugurates BSP Branch

Finance Secretary Carlos G. Dominguez III (2nd from left), LANDBANK President and CEO Cecilia C. Borromeo (center), and incoming BSP Governor Felipe M. Medalla (rightmost) lead the inauguration rites for the LANDBANK BSP Branch on 27 June 2022. Joining them are BSP Monetary Board Members Anita Linda R. Aquino (leftmost) and V. Bruce J. Tolentino (4th from left).  State-run Land Bank of the Philippines (LANDBANK) officially inaugurated a servicing unit to exclusively service the banking requirements of the Bangko Sentral ng Pilipinas (BSP).  Located on the ground floor of the BSP Multi-Story Building in Malate, Manila, the LANDBANK BSP Branch will provide the central bank with convenient access to the Bank’s products and services, including payroll servicing for BSP employees and payment facilitation to its third-party suppliers.  Finance Secretary and LANDBANK Chairman Carlos G. Dominguez III, LANDBANK President and CEO Cecilia C. Borromeo, and incoming BSP Governor Felipe M. Medalla led the inauguration rites for the BSP Branch on 27 June 2022. They were joined by BSP Monetary Board Members V. Bruce J. Tolentino and Anita Linda R. Aquino, Deputy Governors Eduardo G. Bobier and Bernadette Romulo-Puyat, and other LANDBANK senior officers. “The opening of the LANDBANK BSP Branch reflects our steadfast commitment to serve the requirements of the BSP in a timely and efficient manner. It also underscores our continuing support for BSP’s development agenda, in line with our unified approach in advancing financial inclusion and serving the nation,” said LANDBANK President and CEO Borromeo.  More than 5,500 BSP employees—as well as employees of nearby government offices—are expected to benefit from the services of the LANDBANK BSP Branch, which is equipped with its own automated teller machine (ATM) and cash deposit machine (CDM).  The servicing unit also features a Digital Corner where customers can open a deposit account in only 15 minutes or less using the Bank’s Digital Onboarding System (DOBS), a pioneering web application launched in 2019 to simplify the account enrolment process for individuals and institutional customers. Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions. The system also allows existing DOBS account holders to update their information. LANDBANK is the only bank present in all 81 provinces in the country with a total of 607 branches and 58 lending centers, servicing the requirements of a diverse customer base, including unbanked and underserved communities.

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