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LANDBANK launches P50-B loan program for crisis-affected enterprises

The Land Bank of the Philippines (LANDBANK) launched a new loan offering to assist enterprises against economic disruptions caused by natural calamities or man-made conflicts such as the ongoing strife in Europe, civil wars, and disputes among nations. The LANDBANK NATION SERVES (National Assistance Towards Initiating Opportunities to eNtities amidst Social and Economic Reverses which Visibly Entail Shockwaves to Businesses) Lending Program provides additional working capital for businesses to strengthen their operations, expand trading facilities, and stockpile supplies and inventories to mitigate the actual or impending impact posed by such crises. “LANDBANK aims to bolster the resiliency of key development industries by cushioning the negative impact of economic disruptions. Through the NATION SERVES Lending Program, we will also contribute to preventing price surges on basic commodities as we continue serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo.  The state-run Bank allocated P50 billion for the Lending Program as a proactive measure to support energy and fuel providers, industry manufacturers of medicines, metals, electronics, and armaments, as well as ship builders, among others. Eligible borrowers also include renewable energy developers, agri-businesses, and aviation hard-wares and machine manufacturers. Under the Program, customers may loan up to 85% of the actual need with an interest rate based on applicable Bloomberg Valuation Reference (BVAL) rate at the time of loan availment, plus spread of not more than 75% of the prescribed spread based on the borrower’s credit rating. 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, gov’t partners spark hope for Antique student

Hope shines brightest in the dark – As darkness falls, college student Marvie Ann Berdin of Laua-an, Antique, relies on the dim light of a gas lamp as she completes her schoolwork. (Photo courtesy of Marvie Ann Berdin) LAUA-AN, Antique – In this rural town, the future shines bright for 18-year-old college student Marvie Ann Berdin.  Only a few years away from attaining her dream of becoming a civil engineer, Marvie continues to brave through numerous hardships and financial difficulties, thanks to the support she receives from various government agencies.   Marvie has had to face life’s challenges at a young age, with unemployed parents who could barely make ends meet, let alone finance the education of their eight children.  But Marvie was not deterred from attending elementary school, even if it meant travelling by foot for two hours and crossing a river every day. She also took on several jobs to support her education, including being a part-time house helper and a student assistant.  Augmenting their family income for daily expenses and medication for her ill father, Marvie’s mother, Maricel, regularly receives government subsidy as a beneficiary of the Conditional Cash Transfer (CCT) Program of the Department of Social Welfare and Development (DSWD). When previously, Maricel had to wait in line at the covered court in their barangay for almost the entire day just to get the cash aid during payouts, digital innovation has now made it easier for her to receive the subsidy. Since receiving a prepaid card from the Land Bank of the Philippines (LANDBANK), Maricel has been heading to the nearest LANDBANK Branch in San Jose, Antique, to withdraw the cash subsidy conveniently and safely in just a few minutes. “Dahil hindi marunong si mama mag-withdraw sa ATM, mas pinipili niya na mag-withdraw over-the-counter sa LANDBANK Branch. Palagi siyang inaalalayan ng mga staff doon,” Marvie narrates.  Recently, Maricel prefers to cash-out their subsidy from the Barbaza Multi-Purpose Cooperative, an Agent Banking Partner operating on behalf of LANDBANK, which caters to their town.  Apart from cash withdrawal from LANDBANK Branches and ATMs, CCT beneficiaries can also use the LANDBANK CCT Prepaid Cards to make cashless purchases in groceries and drugstores, among others.  The state-run Bank also recently converted the LANDBANK CCT Prepaid Cards into transaction accounts, which provides access to additional services such as cash loading via LANDBANK branches and Cash Deposit Machines, receiving of funds from other agencies through institutional top-up, from LANDBANK accounts through the LANDBANK Mobile Banking Application (MBA), iAccess and Automated Teller Machines (ATMs), and from other bank accounts via InstaPay. Along with the cash assistance the family receives, Marvie also receives a stipend to support her studies as a grantee of the Tertiary Education Subsidy (TES) Program of the Commission on Higher Education (CHED) and the Unified Student Financial Assistance System for Tertiary Education (UniFAST).  Currently, Marvie goes to the LANDBANK Antique Branch to encash the cheque she receives under the TES Program. Soon, she will benefit from LANDBANK’s partnership with CHED and UniFAST, with the ongoing distribution of LANDBANK CHED-UniFAST Prepaid Cards to TES beneficiaries.  The LANDBANK CHED-UniFAST Prepaid Card is a general-purpose reloadable card that functions as an electronic wallet and can be used as a debit or ATM card, allowing TES beneficiaries to conveniently withdraw their student allowance from LANDBANK ATMs, Branches, and Agent Banking Partners nationwide. They can also use the LANDBANK CHED-UniFAST Prepaid Cards for cashless payments, electronic fund transfers, and online account management, among others.  “Salamat sa LANDBANK sa magandang serbisyo upang maihatid ang suporta ng gobyerno sa akin at sa aking pamilya, lalo na ngayon panahon ng pandemya. Malaking tulong ang inyong produkto at serbisyo upang maipagpatuloy ko ang aking pag-aaral,” says Marvie.  Just recently, Marvie won second runner-up in the MyTEStimony photo contest of LANDBANK and CHED-UniFAST, where she photographed herself studying at home, with only a gas lamp as her only source of light. With the cash prize, she was able to buy a mobile phone that she uses for her online classes.   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, in partnership with various government agencies.   

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LANDBANK Q1 digital transactions top P567-B

The Land Bank of the Philippines (LANDBANK) facilitated a total of 39.14 million transactions amounting to P567.61 billion from its major digital banking channels in the first three months of 2022—translating to a 36% and 22% year-on-year growth in volume of transactions and value, respectively. “LANDBANK’s digital transformation is geared towards providing accessible financial services to meet the growing needs of our customers. We are also driven towards greater digital adoption to advance financial inclusion in the country, in line with our expanded mandate of serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo.  She added that the demand for LANDBANK’s digital services continue to rise as more customers shift to using more convenient, reliable, and safe digital banking solutions, especially in the new normal. In particular, the LANDBANK Mobile Banking App (MBA) recorded 29.75 million transactions worth P47.18 billion for the first quarter of the year, or upsurges of 37% in volume and 46% in value, year-on-year. The LANDBANK weAccess—the Bank’s corporate internet banking platform—recorded more than six (6) million transactions worth nearly P143.19 billion, which translates to growths of 37% and 25%, respectively. Meanwhile, the Bank’s web-based payment facility, Link.BizPortal, facilitated around 1.38 million transactions equivalent to a 42% increase with corresponding total value of P3.41 billion or 58% growth rate.   LANDBANK’s online retail banking channel, iAccess, also logged a 26% jump in transactions value, at P4.46 billion compared to the P3.55 billion in the same period last year. The LANDBANK Electronic Modified Disbursement System (eMDS) for national government agency partners also posted an increase of 36% in transactions volume amounting to P368.06 billion, or 18% rise in value. With the continuous increase in the use of digital banking channels, the state-run Bank assures its customers that it maintains the highest level of security in all its systems, while also reminding customers to remain vigilant against online banking fraud and scams.   

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LANDBANK’s agri support reaps ‘Gawad Lingap’ award

LANDBANK Lending Program Management Group Head, Vice President Esperanza N. Martinez (center) receives the Gawad Lingap 2021 Special Award for LANDBANK from DA-ACPC Executive Director Jocelyn Badiola (2nd from left), Agriculture Undersecretary Evelyn Laviña (3rd from left), and BSP Monetary Board Member, Dr. Bruce Tolentino V (rightmost), together with LANDBANK and DA-ACPC officials. State-run Land Bank of the Philippines (LANDBANK) was honored at the 2nd Gawad sa Paglingap sa Magsasaka at Mangingisda (Gawad Lingap) Awards of the Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC), for the Bank’s outstanding support to the agriculture sector and micro, small, and medium enterprises (MSMEs) amid the COVID-19 pandemic. LANDBANK received a special award as one of the partner lending conduits (PLCs) of DA-ACPC for agri-fishery credit programs for small farmers and fishers and other agri-players. "While we take on an expanded role of serving various development sectors, providing intensified support to agriculture is a continuing commitment for LANDBANK. Together with the DA and ACPC, we remain focused on extending financial access to farmers and fishers nationwide under our whole-of-government approach," said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK Lending Program Management Group Head, Vice President Esperanza N. Martinez received the award on behalf of the Bank on 28 April 2022 during the award ceremonies held at Novotel Manila Araneta in Cubao, Quezon City. In partnership with the agriculture department, LANDBANK offers various lending programs directed at supporting the recovery and growth of small farmers, fishers and MSMEs. These loan programs include the Expanded Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF), Agricultural Competitiveness Enhancement Fund (ACEF), LBP-SRA Socialized Credit Program under Sugarcane Industry Development Act (SCP-SIDA), and the Survival and Recovery Assistance (SURE Aid) Program.  LANDBANK also implements the SURE COVID-19 loan program together with DA-ACPC to assist small farmers and fishers affected by the economic impact of the global health crisis. Under the programs being administered by LANDBANK for DA-ACPC, cumulative loan releases have reached a total of P12.51 billion benefitting small farmers and fishers and micro- and small enterprises nationwide, as of 31 March 2022. LANDBANK remains fully committed to serving the requirements of farmers and fishers, towards building a stronger and more resilient agriculture sector.   

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LANDBANK income soars 141% to P13.2-B in Q1 2022

The Land Bank of the Philippines (LANDBANK) reported robust financial performance in the first quarter of the year, with a higher net income of P13.2 billion alongside double-digit growth in assets, deposits and capital. LANDBANK’s net income for the three-month period jumped an unprecedented 141% from P5.48 billion a year ago, attributed to higher interest income from loans and investments, as well as one-time gains from the merger with the United Coconut Planters Bank (UCPB). The higher net income translates to a return on equity of 14.27%, which is well above the industry average of 9.08% as of 31 December 2021. “LANDBANK’s income expansion runs parallel with the country’s strong economic resurgence. We will build on this growth trajectory to continue assisting key development sectors and contribute to our collective recovery, to drive our broader thrust of serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK remains the second largest bank in terms of assets at P2.792 trillion as of end-March 2022 or 16% higher than the P2.405 trillion in 2021. The increase in assets was propelled by the merger, with UCPB contributing P291.83 billion additional assets. Major asset accounts, including loans and investments, likewise increased in double-digits. The Bank also booked a 12% growth in capital year-on-year to P218.36 billion from P194.59 billion, mainly due to the record net income in 2021. LANDBANK’s sound financial position furthered its capacity to provide financial and support services to the agriculture sector and other development industries.  As of end-March 2022, LANDBANK’s total outstanding loans to its priority sectors reached P822.01 billion, of which P236.86 billion was channeled to support the agriculture sector.  LANDBANK is a government financial institution with a unique social mandate of promoting national development while remaining financially viable.   

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LANDBANK delivers P1.51-B in loans to rice farmers

The Land Bank of the Philippines (LANDBANK) has released P1.51 billion in loans to a total of 9,126 rice farmers and cooperatives as of 31 March 2022 through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF).  Implemented in partnership with the Department of Agriculture (DA), LANDBANK was able to fully disburse the allocated program fund from 2019 to 2021 under the ERCA-RCEF, designed to support small rice farmers cope with the decline in palay prices, coupled with challenges brough about by the COVID-19 pandemic. Majority of the beneficiaries were from the rice-producing provinces of Region 2, particularly Cagayan, Nueva Vizcaya, and Quirino, with LANDBANK assisting a total of 4,189 individual rice farmers and 28 cooperatives. LANDBANK was also able to extend assistance to rice farmers in the Visayas and Mindanao, including the provinces of Capiz, Agusan del Sur, Davao del Norte, and Occidental Mindoro, among others.  “As a vital contributor to the National Government’s sustainable development agenda, LANDBANK remains steadfast in delivering much-needed support to the agriculture sector. Alongside the DA, the successful and timely delivery of loans to rice farmers under the ERCA-RCEF is a testament of this unwavering commitment,” said LANDBANK President and CEO Cecilia C. Borromeo.     The ERCA-RCEF is a credit facility which aims to boost the productivity and income of small rice farmers, and cushion the initial impact of Republic Act No. 11203, also known as the Rice Tariffication Law (RTL).  Under ERCA-RCEF, individual farmers may borrow up to 90% of their total project cost at a low fixed interest rate of 2% per year. The loan may be used to purchase farm inputs for rice and rice seed production, as well as farm machineries and equipment for production and post-production. DA-accredited cooperatives may also borrow under the ERCA-RCEF for the purchase of farm inputs for rice and rice seed production as a collective operation and working capital for rice and rice seed trading. The Progam also supports rice farming-related activities such as the acquisition of machineries and equipment, as well as relending and rediscounting of existing loans of small rice farmers listed in the DA’s Registry System for Basic Sectors in Agriculture (RSBSA). As mandated by Republic Act No. 11203, LANDBANK shall continue to administer the ERCA-RCEF Program for the DA until 2024, and make available P500 million in loans annually to rice farmers registered under the RSBSA in 38 rice-producing provinces.  

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LANDBANK loans reach P20-B for green energy projects

As the country reels from the effects of changing global climates and shifting weather patterns, state-run Land Bank of the Philippines (LANDBANK) has approved loans totaling P20.1 billion to 56 borrowers in support of local renewable energy projects as of 31 March 2022, underscoring the Bank’s commitment to sustainable development.  Through the LANDBANK Renewable Energy Program, the Bank aims to finance the development of renewable energy sources and increase access to reliable, clean and sustainable power to help mitigate the effects of climate change in the country.  “As an industry leader in promoting environmental sustainability in the country, LANDBANK is at the forefront of supporting initiatives aimed at protecting our environment. We are looking to work with more customers and development partners towards a more sustainable future for the next generation, and beyond,” said LANDBANK President and CEO Cecilia C. Borromeo.  The LANDBANK Renewable Energy Program can finance renewable energy projects harnessing biomass, geothermal, solar, hydro, ocean, and wind power. Other eligible projects include biofuel, hybrid renewable energy systems, such as hybrid electric or compressed natural gas, and the fabrication or manufacturing of renewable energy technologies, equipment and components, among others. Aside from providing credit fund for working capital and for capital expenditures, loans under the Program can also be used to finance project preparation activities such as developing a feasibility study, detailed engineering design, and supporting assessment studies, as well as securing permits, licenses, and approvals.  Eligible borrowers such as electric cooperatives, local government units (LGUs), government-owned and controlled corporations (GOCCs), and government agencies may borrow up to 90% of the total cost of the project. Cooperatives, associations and private borrowers categorized as single proprietorships, partnerships, or corporations may borrow up to 80%. Term loans for working capital and project preparation are payable up to five (5) years, with a six-month grace period on principal payment, while loans for capital expenditure are payable based on the borrower’s cash flow up to 15 years, with a three-year grace period. The interest rate shall be based on the prevailing market rate but not lower than 5% per annum.  The Renewable Energy Program forms part of LANDBANK’s service to the nation in promoting environmentally sustainable programs to address climate-related concerns.  

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LANDBANK cash cards reach 9.8-M CCT, UCT beneficiaries

LANDBANK Aparri Branch distributes cash cards to 435 CCT and UCT program beneficiaries from the islands of Babuyan and Dalupiri in the Municipality of Calayan, Cagayan. About 9.8 million beneficiaries under the major social protection programs of the Department of Social Welfare and Development (DSWD) can now receive government subsidies in a timely, safe and convenient manner, as the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of cash cards across the country. As of 31 March 2022, the state-run Bank has provided LANDBANK Cash Cards to 4.4 million Conditional Cash Transfer (CCT) beneficiaries and 5.4 million Unconditional Cash Transfer (UCT) beneficiaries covering the Department’s Social Pension and Listahanan beneficiaries. “On top of ensuring the timely and safe disbursement of government subsidies to the country’s most vulnerable sectors, the distribution of LANDBANK Cash Cards advances our efforts to bring more Filipinos into the formal banking system. This forms part of LANDBANK’s contribution to the National Government’s inclusive and sustainable development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo.  CCT and UCT beneficiaries can use the LANDBANK Cash Cards to withdraw from LANDBANK Automated Teller Machines (ATMs) and Agent Banking Partners (ABPs) nationwide, as well as make cashless purchases in groceries and drugstores, among others. The LANDBANK Cash Cards were recently upgraded into transaction accounts to provide beneficiaries with wider access to an array of banking services, including cash card loading via LANDBANK branches, fund transfers through the LANDBANK Mobile Banking App, and cash-in via LANDBANK Cash Deposit Machines. In 2021, the Bank disbursed a total of P133.61 billion in cash grants to more than seven million CCT and UCT beneficiaries nationwide. 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, PVAO expand services for veterans, pensioners

PVAO Administrator Lt. Gen. Ernesto G. Carolina (Ret.) (seated, center) and LANDBANK Senior Vice President Marilou L. Villafranca (seated, 2nd from left), together with representatives from other servicing banks, lead the signing of the amended Memorandum of Agreement (MOA) for the Direct Remittance Pension Servicing System (DRPSS) on 18 April 2022 at Camp General Emilio Aguinaldo in Quezon City. (Photo courtesy of PVAO) State-run Land Bank of the Philippines (LANDBANK) has strengthened its partnership with the Philippine Veterans Affairs Office (PVAO) to better service Filipino veterans and pensioners in the new normal.  Under the amended Memorandum of Agreement (MOA) for the Direct Remittance Pension Servicing System (DRPSS), LANDBANK and PVAO have streamlined procedures for pension account opening and formalized crediting of other PVAO benefits, such as medical and burial assistance, to the LANDBANK ATM accounts of pensioners. PVAO Administrator Lt. Gen. Ernesto G. Carolina (Ret.) and LANDBANK North NCR Branches Group Head Senior Vice President Marilou L. Villafranca signed the amended MOA on 18 April 2022 at Camp General Emilio Aguinaldo in Quezon City. They were joined by PVAO Deputy Administrator Assistant Secretary Raul Z. Caballes and Finance Division Chief Ferdinand C. Palor, including representatives from other pension servicing banks.  “LANDBANK’s renewed partnership with PVAO is centered on providing greater banking convenience to our customers. We put utmost importance on improving our operational efficiency and adopting more responsive solutions to respond to the evolving needs of pensioners and all our customers, especially in the new normal,” said LANDBANK President and CEO Cecilia C. Borromeo.  The MOA also provides for the setting-up of a dedicated area for communication materials on veteran-related events to be maintained in every LANDBANK branch handling PVAO pension accounts.  More than 60,000 Filipino veterans and pensioners who maintain pension accounts with LANDBANK, including accountholders with the former United Coconut Planters Bank (UCPB), are benefitting from the Bank’s improved branch network and a wide array of products and services.  As of end-March 2022, LANDBANK has a total of 607 branches and 71 branch-lite units nationwide. Pensioners can also use the Bank’s network of 2,802 ATMs all over the country for the convenient and safe withdrawals of their pensions and other benefits. 

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LANDBANK launches LANDBANKPay: the all-in-one mobile wallet

The Land Bank of the Philippines (LANDBANK) now offers a versatile mobile payment application which allows users to safely and conveniently pay bills, load up mobile phones and tollway RFID accounts, purchase online (e-Commerce), as well as transfer funds anytime, anywhere.   LANDBANK unveiled the LANDBANKPay, an all-in-one mobile wallet in a virtual launch event on 22 April 2022, to further widen the access of customers to financial services and advance greater financial inclusion in the country. “The LANDBANKPay builds on our broader thrust of serving the nation through reliable and convenient digital banking. This is in line with LANDBANK’s full commitment to expand access to responsive and affordable financial products and services, especially for those residing in unbanked and underserved areas of the country,” said LANDBANK President and CEO Cecilia C. Borromeo.  LANDBANKPay Features Initial registration in LANDBANKPay, which only requires a customer’s Mobile Number, full name, and birth date, opens a Small Wallet account with a maximum balance limit of P20,000. The LANDBANKPay Small Wallet account can be used to perform basic transactions, such as balance inquiry, buy load, bills payment to more than 800 government and private partner merchants enrolled in the LANDBANK Link.BizPortal, and cash-in via the LANDBANK Mobile Banking App (MBA), Link.BizPortal, LANDBANK Branches and Agent Banking Partners nationwide. Small Wallet accountholders can likewise request and receive funds from Full Wallet accountholders.  Customers can upgrade to a LANDBANKPay Full Wallet account by providing basic demographic information, uploading a valid government-issued ID, and taking a “selfie” to confirm their identity. Full Wallet accountholders will enjoy an increased maximum balance limit of P50,000 and LANDBANKPay’s full array of features, which include cash-in and cash-out facilities, fund transfers, buying load, online purchases, local cash remittances through the LBPadala, bills payment to more than 800 government and private partner merchants enrolled in the LANDBANK Link.BizPortal, and linking of LANDBANK Credit and Prepaid cards.  LANDBANKPay in PhilSys The LANDBANKPay was soft-launched in 2021 to provide National ID applicants who have smartphones their own transaction accounts, under LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA) for the PhilSys Project roll-outs. As of 31 March 2022, LANDBANK has onboarded more than 7.8 million PhilSys registrants in 70 provinces nationwide.  The LANDBANKPay joins LANDBANK’s roster of major digital banking channels, which include the LANDBANK Mobile Banking App, weAccess, iAccess, Link.BizPortal, and the Electronic Modified Disbursement System (eMDS). The LANDBANKPay is free to download from the Google Play Store and iOS App Store for all users, even those without an existing LANDBANK account. 

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LANDBANK Corporate Center opens in Urdaneta, Pangasinan

(left photo) Urdaneta City Mayor Julio F. Parayno III (5th from left), Pozorrubio Mayor Emma Zosima T. Chan (2nd from left), and LANDBANK President and CEO Cecilia C. Borromeo (4th from left) lead the inauguration of the LANDBANK Pangasinan Corporate Center (right photo) located along MacArthur Highway in Brgy. Nancayasan, Urdaneta City. Joining them are Pangasinan Provincial Treasurer Marilou E. Utanes (7th from left), LANDBANK Executive Vice President Julio D. Climaco, Jr. (6th from left), and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos (leftmost), Ma. Belma T. Turla (3rd from left), and Filipina B. Monje (rightmost). URDANETA CITY, Pangasinan – The Land Bank of the Philippines (LANDBANK) officially inaugurated a three-story corporate center along MacArthur Highway in Brgy. Nancayasan, Urdaneta City to serve as a one-stop shop for the banking and financing needs of Pangasinenses.  The LANDBANK Pangasinan Corporate Center houses the LANDBANK Urdaneta Branch, which services customers from the combined 136 barangays of Urdaneta City and the municipalities of Villasis, Asingan, Manaoag and Pozorrubio. This is complemented by the LANDBANK Pangasinan Lending Center, which provides financing for agricultural production, working capital, and acquisition of equipment, among others. Urdaneta City Mayor Julio F. Parayno III, Pozorrubio Mayor Emma Zosima T. Chan, and LANDBANK President and CEO Cecilia C. Borromeo led the inauguration rites for the LANDBANK Pangasinan Corporate Center on 08 April 2022. They were joined by Pangasinan Provincial Treasurer Marilou E. Utanes, Asingan Mayor Carlos F. Lopez, Jr., LANDBANK Executive Vice Presidents Julio D. Climaco, Jr. and Alex A. Lorayes, and Senior Vice Presidents Ma. Celeste A. Burgos, Randolph L. Montesa, Ma. Belma T. Turla, and Filipina B. Monje. “The inauguration of the LANDBANK Pangasinan Corporate Center, at the heart of Urdaneta City, underscores our commitment to support the ongoing recovery and sustained economic growth of Pangasinan. This serves as a one-stop shop, offering a wide array of services to our customers and development partners including LGUs, government agencies, MSMEs, farmers and fishers, and rural banks,” said President and CEO Borromeo.  Meanwhile, Mayor Parayno was appreciative of LANDBANK’s continuous support to the City Government of Urdaneta. “I hope that LANDBANK will be able to continue their purpose of country-wide development [through] every local government unit here in the Philippines,” he said. Other LANDBANK field offices are also stationed in the LANDBANK Pangasinan Corporate Center, such as the North Luzon Branches Group, Pangasinan Accounting Center II, Agrarian Operations Center III-Satellite Office, Property Valuation and Credit Information Department–Pangasinan Field Team, Area Legal Unit I, Field Legal Services I, and the Loan Operations Field Unit-Pangasinan Field Team. As of end-March 2022, LANDBANK has a total of 18 branches and branch-lite units, one (1) lending center, and 88 automated teller machines (ATMs) across Pangasinan, delivering a wide array of banking services for Pangasinenses, as part of LANDBANK’s thrust of serving the nation.

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LANDBANK vows full commitment to ‘serving the nation’

The Land Bank of the Philippines (LANDBANK) unveiled a new brand promise of ‘Serving the Nation,’ embodying its full commitment to assist various sectors of the economy and help contribute to the country’s collective recovery. In a virtual launch held on March 28—streamed live on LANDBANK’s Facebook Page (@landbankofficial) and YouTube Channel (/landbankofficial)—LANDBANK highlighted its expanded and unique role in providing intensified support to the country’s agriculture sector alongside serving the requirements of key development industries. “Through the years, LANDBANK has fully transformed into a development-oriented institution. Aside from being the biggest credit provider to the agri sector, LANDBANK is serving as a vital partner of the National Government in advancing its inclusive development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo.  As of 31 December 2021, LANDBANK’s agricultural loans reached P247.85 billion assisting over 3.2 million small farmers and fishers nationwide through regular loan programs, including special lending programs administered for the Department of Agriculture (DA) and the Department of Agrarian Reform (DAR). The Bank also extended P68.9 billion in outstanding loans to local government units (LGUs) as of end-December 2021—largely for agri-aqua projects, transportation, and healthcare initiatives—making LANDBANK the biggest development partner of the LGU sector in accelerating inclusive local development. LANDBANK’s financial support over the years have resulted in the delivery of various basic services and infrastructure facilities across the country, including the construction and improvement of 23,825 kilometers of farm-to-market roads, 239 hospital buildings, 20,153 hospital beds, 788 school buildings, 6,146 classrooms, and access to potable water for more than 2 million households. In partnership with different government agencies, LANDBANK also serves as the main distribution arm for the government’s social amelioration programs to vulnerable sectors severely affected by the COVID-19 pandemic, including the regular distribution of financial aid under the social protection programs of the Department of Social Welfare and Development (DSWD). The Bank is also closely working with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) for various transportation modernization initiatives. This includes the immediate delivery of P6,500 fuel subsidy to public utility vehicle (PUV) drivers challenged by the sudden rise in fuel prices under the Fuel Subsidy Program.  To advance greater financial inclusion in the country, LANDBANK continues to partner with the Philippine Statistics Authority (PSA) to provide unbanked Philippine Identification System (PhilSys) registrants with their own transaction accounts free-of-charge. LANDBANK has onboarded 7.2 million previously unbanked Filipinos as of end-2021. Following the Bank’s recent merger with the former United Coconut Planters Bank (UCPB), LANDBANK further solidified its ranking as the second largest local bank in terms of assets, putting it in a better position to serve the whole agriculture sector and diverse customer base through its stronger financial muscle and extensive reach. As of 08 March 2022, LANDBANK’s branch network has expanded to 607 branches and 71 branch-lite units nationwide—the only Bank present in all 81 provinces in the country. 

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