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LANDBANK, DSWD deliver P3.8-B cash aid under targeted ‘ayuda’ program

In partnership with the Department of Social Welfare and Development (DSWD), the Land Bank of the Philippines (LANDBANK) has disbursed a total of P3.8 billion in cash assistance to 3.8 million household-beneficiaries covering three payout tranches conducted under the Targeted Cash Transfer (TCT) Program as of 1 July 2022. The TCT Program aims to support around 12.4 million vulnerable households belonging to the bottom fifty percent (50%) of Filipino households, amid the rising prices of fuel and goods.  “Together with the DSWD, we will ensure the immediate distribution of cash assistance to all eligible beneficiaries under the TCT Program. We are one with the National Government in alleviating the plight of vulnerable sectors amid the increase in the price of fuel and other commodities,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the Memorandum of Agreement (MOA) for the Program, the DSWD shall identify the list of beneficiaries, which includes the 10 million combined beneficiaries under the Department’s Conditional and Unconditional Cash Transfer (CCT and UCT) Programs, as well as 2.4 million low income-households in the database of the National Household Targeting System for Poverty Reduction or Listahanan Program.  Each eligible beneficiary will receive P500.00 per month for six (6) months, amounting to a total of P3,000.00 per beneficiary. The 3.8 million household-beneficiaries have already received P1,000.00 each or two-months’ worth of subsidies. Beneficiaries with existing LANDBANK Prepaid Cards will receive the subsidy directly through their cards, which they can also use for cashless transactions in groceries, pharmacies, convenience stores, and other accepting merchants via Point-of-Sale (POS) terminals, including balance inquiry via the LANDBANK Mobile Banking App (MBA). In addition, beneficiaries can use 2,822 LANDBANK ATMs nationwide, as of 31 May 2022, for cash withdrawal, bills payment, purchase of mobile prepaid load, and fund transfers to LANDBANK and other bank accounts.  The LANDBANK Prepaid Cards can also be used to cash-out funds from the Bank’s 924 Agent Banking Partners (ABPs) nationwide. As part of its commitment of serving the nation, LANDBANK is the main distribution arm of financial assistance under the National Government’s social protection programs, especially to vulnerable and underserved sectors. 

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LANDBANK opens new corporate center in Davao City

(left photo) Finance Secretary Carlos G. Dominguez III (4th from left) and LANDBANK President and CEO Cecilia C. Borromeo (5th from left), together with Mindanao Development Authority Secretary Maria Belen Sunga-Acosta (3rd from left) and Davao City Councilor Diosdado Angelo Mahipus, Jr. (2nd from left), lead the unveiling of the official marker of the LANDBANK Davao Corporate Center (right photo) on 24 June 2022 located in Bajada, Brgy. Buhangin in Davao City. They were joined by LANDBANK Director Jaime L. Miralles (leftmost), Executive Vice Presidents Alex A. Lorayes (rightmost) and Liduvino S. Geron (6th from left).  DAVAO CITY – The Land Bank of the Philippines (LANDBANK) strengthens its presence in Davao City and nearby localities with the opening of a four-story corporate center in Bajada, Brgy. Buhangin, to provide convenient access to a wide array of banking services. The LANDBANK Davao Corporate Center—the bank’s biggest corporate center outside of the National Capital Region—will serve the various banking and financial needs of over 30,000 customers in East Mindanao, as it houses the Bank’s major touchpoints and local offices. Department of Finance (DOF) Secretary and LANDBANK Chairman Carlos G. Dominguez III and LANDBANK President and CEO Cecilia C. Borromeo, alongside Mindanao Development Authority (MinDa) Secretary Maria Belen Sunga-Acosta and Davao City Councilor Diosdado Angelo Mahipus, Jr., led the inauguration rites for the LANDBANK Davao Corporate Center on 24 June 2022. They were joined by LANDBANK Director Jaime L. Miralles, Executive Vice Presidents Alex A. Lorayes and Liduvino S. Geron, and other Bank senior officers. “The Davao Corporate Center underscores LANDBANK’s commitment to expanding its reach and bringing its services to all Filipinos,” said Finance Secretary Dominguez. “I see this corporate center as LANDBANK’s investment in one of the fastest-growing regions in the country. With the infrastructure build-up in the region and the great potential the area holds, rapid growth will transpire here in the next few years,” he added.  Meanwhile, LANDBANK President and CEO Borromeo underlined LANDBANK’s expanded role in nation-building by supporting a broad range of development sectors.  “LANDBANK has been a strong arm of the government in advancing inclusive development programs, accelerating growth of local economies, and bringing banking services to the farthest reach of our country. Moving forward, LANDBANK will build on its growth momentum and bring to a higher gear its pursuit of serving the nation,” said LANDBANK President and CEO Borromeo. Located on the ground floor of the Davao Corporate Center is the LANDBANK Bajada Branch, which will service customers from the four districts of Davao City, including various local and national government offices, private establishments and retail clients. The Branch has three onsite automated teller machines (ATMs) to cater to the cash requirements of over 40,000 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), government employees, teachers, students, and other local residents.   The LANDBANK Bajada Branch 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). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions. On the third floor of the corporate center is the LANDBANK Davao Lending Center, which will cater to the financing requirements of local farmers and fishers, agrarian reform beneficiaries, micro, small and medium enterprises (MSMEs), cooperatives, and local government units (LGUs), among the Bank’s priority sectors.  The Davao Corporate Center also serves as the official station of the LANDBANK Mobile ATM and Mobile Branch in Mindanao, which are on standby to service areas disrupted by disasters and calamities, as well as unbanked and underserved communities. Other LANDBANK field offices in the corporate center are the East Mindanao Branches Group, Mindanao Lending Group, Davao Cash Operations Unit, Trust Desk, Loan Operations Management Department – Mindanao Unit, Davao Loan Operations Field Unit, Property Valuation and Credit Information Department – Davao Field Team, Cash Management Solutions Department Mindanao, Davao del Sur Accounting Center 1, Agrarian Operations Center XI, Field Legal Services XI, and Organization Development Department Mindanao.  The Commission on Audit (COA) and Upland Southern Mindanao–Credit and Institutional Building Program (USM-CIBP) were also provided space within the corporate center.  LANDBANK currently operates a total of nine branches and one lending center in Davao City. This is complemented by 64 ATMs, two cash deposit machines (CDMs), and eight Agent Banking Partners (ABPs) that provide basic banking services on behalf of LANDBANK in areas with limited access to formal banking. LANDBANK is the only bank present in all 81 provinces in the Philippines, with plans for continued expansion focusing on servicing the requirements of its diverse customer base nationwide.

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LANDBANK tapped to deliver pre-disaster aid in typhoon-prone towns

(left to right) DSWD Undersecretary Felicisimo C. Budiongan, UNICEF Philippines Deputy Representative Behzad Noubary, LANDBANK Senior Vice President Marilou L. Villafranca, and UNICEF Chief of Social Policy Atty. Anjanette Saguisag, lead the signing of a memorandum of understanding on 14 June 2022 in Quezon City for the distribution of multi-purpose unconditional cash transfers in typhoon-prone communities in Catanduanes and Northern Samar under the United Nations Central Emergency Response Fund (CERF) for Anticipatory Action.  The Land Bank of the Philippines (LANDBANK) has partnered with the Department of Social Welfare and Development (DSWD) and the United Nations Children’s Fund (UNICEF) to provide pre-disaster financial assistance to about 22,000 families from typhoon-prone towns in Catanduanes and Northern Samar. Under the partnership, LANDBANK will facilitate the disbursement of multi-purpose unconditional cash transfers to beneficiaries under the DSWD’s Conditional Cash Transfer (CCT) program worth P1,000 each via LANDBANK Prepaid Cards. The cash transfers will be disbursed three days prior to the expected landfall of a Category 4 or 5 typhoon.  Target beneficiaries of the program—more popularly known as the Pantawid Pamilyang Pilipino Program (4Ps)—include families residing in the municipalities of Baras, Bato, San Andres and Virac in Cantanduanes, and the municipalities of Catarman, Catubig, Gamay, Mondragon, and San Roque in Northern Samar.  The provision of cash transfers to selected 4Ps beneficary-households is part of the pilot testing of the United Nations (UN) Central Emergency Response Fund (CERF) for Anticipatory Action in the country, designed to mitigate the impact of typhoons on people’s homes and livelihood while building on the government’s mandatory pre-emptive evacuation procedures. DSWD Undersecretary Felicisimo C. Budiongan, UNICEF Philippines Deputy Representative Behzad Noubary and Chief of Social Policy Atty. Anjanette Saguisag, and LANDBANK Senior Vice President Marilou L. Villafranca signed a memorandum of understanding on 14 June 2022 in Quezon City to formalize the partnership.  “LANDBANK’s collaboration with the DSWD and UNICEF ensures the delivery of immediate and secure cash assistance to vulnerable sectors in high-risk towns prone to typhoons. This complements our efforts towards building stronger and more resilient communities, as part of our broader thrust of serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. Beneficiaries can use the LANDBANK Prepaid Cards to withdraw cash assistance from LANDBANK automated teller machines (ATMs) and Agent Banking Partners, and make cashless purchases in groceries and drugstores via point-of-sale (POS) terminals.  The state-run Bank has also upgraded the existing LANDBANK prepaid cards of the beneficiaries into transaction accounts with expanded features to provide more convenient banking services.  As of end-May 2022, LANDBANK has produced cards for all 4.4 million 4Ps beneficiaries nationwide to facilitate timely, safe and convenient distribution of cash subsidies from the National Government.  LANDBANK remains steadfast in the fulfillment of its expanded mandate as the delivery arm for the National Government’s social protection initiatives, in line with servicing the country’s underserved and marginalized sectors.

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LANDBANK advances financial inclusion in Nueva Ecija thru agent banking

(left photo) LANDBANK Agent Banking Partner, Tynnes Giggles Boutique of Nueva Ecija Province, facilitates the account opening of unbanked Philippine Identification System (PhilSys) registrants in San Isidro, and offers other banking services in San Antonio (right photo). SAN ANTONIO, Nueva Ecija – When his daughter entered college, solo parent Nelson Quilantang needed to start saving to cover tuition fees for her chosen four-year degree. But without a bank account, he had difficulty building an education fund for her. Nelson’s worries were laid to rest when he learned that the Land Bank of the Philippines (LANDBANK) was facilitating the opening of LANDBANK accounts at the same registration center where he signed up for the Philippine National ID. This is part of LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA), wherein unbanked registrants who completed Step 2 of the Philippine Identification System (PhilSys) registration process are provided with their own LANDBANK transaction accounts free-of-charge and with no initial deposit requirement.  To reach and service more PhilSys registrants, LANDBANK is tapping agent banking partners (ABPs) to facilitate account application and Know-Your-Customer (KYC) activities at PhilSys registration areas nationwide.  Nelson was assisted at the PhilSys registration center by the staff of Tynnes Giggles Boutique—a general merchandising store and a LANDBANK ABP in Nueva Ecija—who helped him open an account and provide him his LANDBANK Prepaid Card on the same day.  With the Prepaid Card, Nelson is now able to regularly cash-in a portion of his earnings via Tynnes Giggles Boutique at their nearby branch in San Antonio, and more importantly, grow his savings for his daughter’s education. He can also perform other transactions such as cash-out, fund transfers, bills payments, and balance inquiries. “Salamat sa LANDBANK dahil mas madali na akong nakaka-ipon ngayon. Malaking ginhawa din ang Tynnes Giggles Boutique dahil hindi ko na kailangan pang bumiyahe ng malayo,” said Quilantang. Advancing financial inclusion through ABPs LANDBANK ABPs play a major role in onboarding unbanked PhilSys registrants in the country. Of the total 8.1 million registrants who have signed up for LANDBANK transaction accounts nationwide, 3.5 million were serviced by ABPs as of end-May 2022.    Of the total 404,778 onboarded registrants in Nueva Ecija, 280,848 or 69% of the unbanked PhilSys registrants opened their accounts through LANDBANK’s eight ABPs in the province. Of this number, Tynnes Giggles Boutique onboarded 102,697 PhilSys registrants from the Municipalities of Cabiao, Jaen, San Antonio, San Isidro, Gabaldon, Santo Domingo, Talavera, and the City of Palayan.  Boutique store owner Cristina Lejano travelled with her team around the province to facilitate account opening activities in PhilSys registration centers at the height of the pandemic—reaching as far as Gabaldon, which took almost 3 hours by land from their main office in San Antonio.  “More than the additional income, I applied as a LANDBANK Agent Banking Partner in order to serve our community. Having few financial institutions in our town, it was difficult for locals to conveniently access banking services. Our store is helping to bridge this gap,” said Lejano.  The Tynnes Giggles Boutique was officially accredited by LANDBANK as a full-suite ABP in 2020, after its staff completed the required trainings and complied with the requirements of the Bank.  Under its Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no Bank presence.

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LANDBANK expands prepaid card services for CCT, UCT beneficiaries

The LANDBANK San Carlos Branch distributes a total of 4,298 LANDBANK CCT-UCT Prepaid Cards to program beneficiaries in the Municipality of Malasiqui, Pangasinan, during card distribution activities on 28 May and 04 June 2022. About 10 million beneficiaries under the Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) Programs of the Department of Social Welfare and Development (DSWD) as of 31 May 2022 can now access a wider array of banking services, through their upgraded prepaid cards from the Land Bank of the Philippines (LANDBANK). The existing LANDBANK prepaid cards of the beneficiaries have been upgraded automatically into transaction accounts with expanded features to provide more convenient banking services. “We continuously enhance our products and services to meet the growing needs of our diverse clientele. This includes our delivery of government subsidies, geared towards providing vulnerable sectors with improved access to formal financial services,” said LANDBANK President and CEO Cecilia C. Borromeo.  The LANDBANK CCT-UCT Prepaid Cards now allow receiving of funds from LANDBANK accounts through fund transfers via the LANDBANK Mobile Banking App (MBA), iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, Automated Teller Machines (ATMs), and from other bank accounts via InstaPay and ATM fund transfers.   Beneficiaries are also now able to load their LANDBANK CCT-UCT Prepaid Cards via 231 LANDBANK Cash Deposit Machines (CDMs) and over-the-counter at select LANDBANK branches nationwide, as of 31 May 2022, allowing them to secure and save funds through their own transaction accounts.  In addition, beneficiaries can use 2,822 LANDBANK ATMs for cash withdrawal, bills payment, purchase of mobile prepaid load, and fund transfers to LANDBANK and other bank accounts. The LANDBANK CCT-UCT Prepaid Card can also be used to cash-out funds from the Bank’s 924 Agent Banking Partners (ABPs) nationwide. With LANDBANK’s recent partnership with Pito Axm Platform, Inc. (PAPI), the operator of 7-Eleven ATMs in the Philippines, beneficiaries can also withdraw cash free-of-charge from almost 1,700 7-Eleven ATMs in the country. These features complement previous functions of the prepaid cards, which can also be used for cashless transactions in groceries, pharmacies, convenience stores, and other accepting merchants via Point-of-Sale (POS) terminals, including balance inquiry via the LANDBANK MBA. The upgrading of LANDBANK CCT-UCT Prepaid Cards forms part of LANDBANK’s commitment to provide accessible, responsive, and secure financial services particularly to underserved sectors in the country. 

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Free cash withdrawals for LANDBANK customers at 7-Eleven

Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo withdraws cash from an automated teller machine (ATM) at a 7-Eleven store in Seascape Village, Pasay City on 08 June 2022, to inaugurate the state-run Bank’s partnership with Pito Axm Platform, Inc. (PAPI) and Philippine Seven Corporation (PSC). Joining her are PAPI President Masanori Sakaguchi (2nd from left), PSC Finance Head Lawrence M. De Leon (leftmost), and LANDBANK Senior Vice President Randolph L. Montesa (rightmost). The collaboration allows LANDBANK customers to make cash withdrawal and balance inquiry for free from nearly 1,700 7-Eleven ATMs in selected areas—and soon to a total of 3,000 stores nationwide—by using their LANDBANK Cash Cards, Regular ATM Cards, and Debit Cards.

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LANDBANK turns over grains complex to Isabela LGU to support small farmers

(left photo) Isabela Governor Rodolfo T. Albano, III (center) and LANDBANK Southern Isabela Lending Center Head, Vice President Bernard Bayangos (2nd from right) lead the turn-over of a grains complex to the Provincial Government of Isabela. ECHAGUE, Isabela — The Land Bank of the Philippines (LANDBANK) officially turned-over a grains complex located at Brgy. Ipil to the Provincial Government of Isabela in support of its Palay Procurement Program for small farmers.   The Province is leasing the grains complex from the state-run Bank with obligations to repair, rehabilitate and upgrade the facility, including the typhoon-damaged warehouse and rice mill buildings.  The grains complex is part of a P2-billion LANDBANK loan availed by the local government—of which P1 billion will be used as working capital for palay procurement, while the remaining P1 billion as standby credit for investment in equipment and machineries. “LANDBANK fully supports initiatives that provide small farmers a reliable source of income, including access to post-harvest facilities. We will also continue to service the development requirements of our local government partners towards food security, especially in the countryside,” said LANDBANK President and CEO Cecilia C. Borromeo. Through the Palay Procurement Program, Isabela Governor Rodito Albano III aims to boost the productivity and income of small farmers in the area, by offering an assured and reasonable price for their produce while stabilizing the price of palay in the local market. Around 16,667 small rice farmers from 34 municipalities, three (3) cities, and 1,055 barangays in the Province are targeted to benefit from the Program.  “Ang actual Return of Investment dito ay hindi yung kikitain ng probinsya. Ang kita ng probinsya rito ay yung tulong sa farmers, para at least stable lang yung prices. Ang pinakaimportante dito ay nakatugon tayo doon sa mga farmers,” said Gov. Rodito. LANDBANK remains the biggest lender to the agriculture sector, with loans reaching P257.94 billion as of May 2022. The agriculture loans have financed various economic activities of major players in the industry, including local government units (LGUs).  While expanding its focus to assist other key sectors and industries in the country, LANDBANK remains steadfast in fulfilling its primary mandate to deliver intensified support to the agriculture sector. 

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LANDBANK boosts presence in Laguna with new corporate center

LANDBANK President and CEO Cecilia C. Borromeo (center), Sta. Cruz Mayor Edgar S. San Luis (2nd from right), and Provincial Government of Laguna Administrator Atty. Dulce H. Rebanal (rightmost) lead the inauguration of the LANDBANK Laguna Corporate Center in Brgy. Bubukal in Sta. Cruz, Laguna on 10 June 2022. Joining them are other local government officials, LANDBANK senior officers, and the Bank’s valued customers. STA. CRUZ, Laguna – In line with its commitment to provide convenient and accessible services, the Land Bank of the Philippines (LANDBANK) officially inaugurated a three-story corporate center in the Province of Laguna to serve as a one-stop shop for the banking and financing needs of local stakeholders and customers. Located in Brgy. Bubukal in Sta. Cruz, the LANDBANK Laguna Corporate Center houses the Bank’s major touchpoints and local offices to provide convenient access to a wide array of services. LANDBANK President and CEO Cecilia C. Borromeo, Sta. Cruz Mayor Edgar S. San Luis, and Provincial Government of Laguna Administrator Atty. Dulce H. Rebanal led the inauguration rites for the new corporate center on 10 June 2022. They were joined by incoming Cavinti Mayor Arrantlee R. Arroyo, incoming Paete Mayor Ronald B. Cosico, and LANDBANK Director Nancy D. Irlanda. Also present during the inauguration were LANDBANK Executive Vice Presidents Julio D. Climaco, Jr., Alex A. Lorayes, Liduvino S. Geron and Alan V. Bornas, together with Senior Vice Presidents Randolph L. Montesa, Althon C. Ferolino and Lucila E. Tesorero. “With the LANDBANK Laguna Corporate Center, we are looking forward to stepping up our support to the whole Province of Laguna. We hope that this will serve as a landmark for various economic activities and a catalyst to expand areas for collaboration in support of the Province’s key sectors,” said President and CEO Borromeo. The LANDBANK Sta. Cruz Branch on the ground floor of the building will service customers from the 26 barangays of Sta. Cruz, as well as the 176 combined barangays of the nearby municipalities of Cavinti, Kalayaan, Luisiana, Lumban, Magdalena, Majayjay, Pagsanjan, Paete, Pila, and Victoria.  The second floor houses the LANDBANK Laguna Lending Center to cater to the financing requirements of local farmers and fishers, micro, small and medium enterprises (MSMEs), cooperatives, and local government units (LGUs), among others. Other LANDBANK field offices stationed in the building include the Property Valuation and Credit Information Department–Laguna, Laguna Accounting Center I, and the Field Legal Services of Laguna.  The LANDBANK Laguna Corporate Center is situated in a less congested portion of the Sta. Cruz National Highway, and features a roomy interior and ample parking space to ensure a comfortable banking experience for customers.  LANDBANK currently operates a total of 19 branches and one lending center in Laguna, complemented by 86 automated teller machines (ATMs), and 17 Agent Banking Partners that provide basic banking services on behalf of LANDBANK in the unbanked and underserved areas of the Province. LANDBANK is the only bank present in all 81 provinces in the Philippines, with plans for continued expansion focusing on servicing the requirements of its diverse customer base nationwide. 

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LANDBANK Basco Branch new location allows wider support for Batanes

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.

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DOST-TAPI lauds LANDBANK support to Filipino inventors

LANDBANK Assistant Vice President Generoso S. David (center) receives the Plaque of Appreciation from DOST-TAPI Director Atty. Marion Ivy D. Decena (left) and Chief Science Research Specialist and Division Chief Romeo Javate (right) for the Bank’s contribution to science and technology development in the country. The Department of Science and Technology–Technology Application and Promotion Institute (DOST-TAPI) conferred a plaque of appreciation to the Land Bank of the Philippines (LANDBANK) for its contribution to the development of science and technology in the country. LANDBANK received the recognition for the Innovation and Technology (I-Tech) Lending Program, which aims to support the commercial production of patented Filipino inventions, utility models and industrial designs. As of March 31, 2022, the Program has five approved borrowers with loans totaling P25.55 million.  “LANDBANK is one with the DOST in advancing the country’s development agenda through technology and digital innovations. This forms part of our expanded mandate of supporting various sectors and serving the nation,” LANDBANK President and CEO Cecilia C. Borromeo said. Program Management Department II Head, Assistant Vice President Generoso S. David received the award on behalf of LANDBANK during DOST-TAPI's Roadmap Launching and Stakeholders' Recognition held on 13 May 2022 in Quezon City. The I-Tech Lending Program is a partnership program between LANDBANK and DOST-TAPI, designed to assist Filipino innovators and inventors in commercializing their patented innovations and inventions through credit financing using the Bank’s financial strength and DOST-TAPI’s technological expertise.  Under the Program, borrowers are required to have their inventions or projects evaluated by the DOST-TAPI for technical viability before being endorsed to LANDBANK for credit assessment on their financial and commercial feasibility and sustainability. Inventor-borrowers can get funding for up to 85% of their total project cost with a 45-40-15 project cost-share. LANDBANK will finance up to 45% of the overall project cost at a 5% rate per year, TAPI-IGF will shoulder up to 40% of the cost with 0% interest rate, while the remaining 15% will serve as the borrowers’ equity. Interested borrowers of the I-Tech Lending Program may contact the nearest 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 opens first-ever commercial bank in Real, Quezon

(left photo) LANDBANK President and CEO Cecilia C. Borromeo (3rd from left), Real Mayor Diana Abigail D. Aquino (4th from left), and Infanta Credit and Development Cooperative Chairman Fr. Francis B. Lucas (2nd from left) lead the unveiling of the official marker of the newly inaugurated LANDBANK Real Branch. Joining them are LANDBANK Executive Vice President Julio D. Climaco, Jr. (rightmost), and Senior Vice Presidents Randolph L. Montesa (leftmost) and Althon C. Ferolino (5th from left). REAL, Quezon – In line with its aggressive thrust to promote financial inclusion in the country, the Land Bank of the Philippines (LANDBANK) officially inaugurated a new branch in the first-class municipality of Real—the first-ever commercial bank in the town. LANDBANK President and CEO Cecilia C. Borromeo, Real Mayor Diana Abigail D. Aquino, and Infanta Credit and Development Cooperative (ICDeC) Chairman Fr. Francis B. Lucas led the inauguration rites for the LANDBANK Real Branch on 03 June 2022. They were joined by LANDBANK Executive Vice President Julio D. Climaco, Jr., and Senior Vice Presidents Randolph L. Montesa and Althon C. Ferolino.  “With the LANDBANK Real Branch, we are looking to support the fast-paced developments in Real and its neighboring towns. We hope that this will draw more investors to the Province and spur local economic activities,” said President and CEO Borromeo. The LANDBANK Real Branch, located in Barangay Poblacion 1, Real, will provide banking services to the 50 combined barangays of Real, Polillo and Burdeos, as well as the unbanked and underserved communities in Panukulan, Patnanungan, and Jomalig. The newly inaugurated Branch has two onsite automated teller machines (ATMs) to cater to the cash requirements of local residents, including more than 7,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), as well as government employees, teachers, and students, among others.  The LANDBANK Real Branch 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). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions.  LANDBANK currently operates a total of 13 branches and a lending center in the Province of Quezon, complemented by 64 ATMs and cash deposit machines (CDMs) to facilitate fast, safe, and timely cash withdrawals and deposits. LANDBANK is the only bank present in all 81 provinces in the country, with a network of 607 branches and 58 lending centers as of 03 June 2022.   The state-run Bank’s continued expansion across the country underscores its commitment to bring banking services closer to its priority sectors, especially in unbanked and underserved areas.

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LANDBANK, SSS ink partnership for digital pay-out and collection

LANDBANK President and CEO Cecilia C. Borromeo (4th from right) and SSS President and CEO Michael G. Regino (5th from right), together with LANDBANK and SSS officials, lead the signing of Memorandum of Agreement for the electronic disbursement of SSS pay-outs and collection of fees via LANDBANK digital banking platforms at the LANDBANK Plaza, Manila. The Land Bank of the Philippines (LANDBANK) and the Social Security System (SSS) have signed a Memorandum of Agreement (MOA) for a safer and more convenient disbursement and payment collection for SSS members, employers, pensioners, and claimants.  Under the Agreement, the SSS will be utilizing LANDBANK’s Bulk Credit System (LBCS) and the Link.BizPortal digital platforms to ensure the timely delivery of social assistance to local and overseas Filipino workers and their beneficiaries.  LANDBANK President and CEO Cecilia C. Borromeo and SSS President and CEO Michael Regino led the signing of the MOA on 01 June 2022 at the LANDBANK Plaza, Manila. “Our collaboration today is timely and relevant as we continue to leverage on technology to meet the growing demand for digital payments and financial solutions. Our combined efforts will ensure the delivery of convenient and uninterrupted service to SSS members nationwide,” said LANDBANK President and CEO Borromeo. Through this partnership, LANDBANK will facilitate the electronic bulk disbursements of retirement funds, benefits, and investments to qualified SSS payees through the LBCS. This will be coursed via PESONet, InstaPay, or the LANDBANK Crediting Facility for the timely crediting of SSS pay-outs. The SSS will also integrate their Electronic Collection Service to the LANDBANK Link.BizPortal for real-time posting of contributions including loans, PESO funds, and other fees from their members. The LANDBANK Link.BizPortal is a web-based payment channel that allows clients to pay for products and services online to over 870 private and government partner merchants nationwide.  With this initiative, the SSS joins the roster of 550 national government agencies supported by the LANDBANK Link.BizPortal. These include the Philippine National Police (PNP), Bureau of Internal Revenue (BIR), Department of Health (DOH), Department of Labor and Employment (DOLE), Department of Science and Technology (DOST), and the Department of Trade and Industry (DTI), among others. This partnership forms part of LANDBANK’s expanded mandate of serving the nation, which includes the promotion and adoption of digital payments for the advancement of financial inclusion in the country.

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