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LANDBANK, Bongabong LGU lead groundbreaking of Agri-Hub

Bongabong Municipal Mayor Elegio A. Malaluan (5th from left) and Vice Mayor Richard S. Candelario (4th from left), together with LANDBANK representatives, lead the groundbreaking ceremony at the LGU municipal compound on 6 September 2022. The activity was witnessed by LGU officials and several local businessmen from the Municipality.   BONGABONG, Oriental Mindoro – To better serve the requirements of farmers and fishers, a Land Bank of the Philippines (LANDBANK) Agri-Hub will soon rise at the compound of the Municipal Government of Bongabong. Bongabong Mayor Elegio A. Malauan, together with LANDBANK Oriental Mindoro Lending Center Head, Assistant Vice President Edwin Roel Ramos; Calapan San Vicente Branch Head, Department Manager Ferdinand E. Abas; and Pinamalayan Branch Head Lizza Mae D. Camposano, led the groundbreaking ceremony on 6 September 2022. Mayor Malauan expressed his gratitude to LANDBANK, as the new touchpoint in the locality will spur local economic growth and development—which are priorities under his administration. “The establishment of this Agri-Hub is a testament to our continued commitment to serve key players in the agribusiness value chain. We hope to generate more economic opportunities and activities in the Municipality and nearby areas,” LANDBANK President and CEO Cecilia C. Borromeo said. The construction of the LANDBANK Bongabong Agri-Hub is set to commence within the month and expected to be inaugurated in late December 2022, in addition to the Bank’s 10 existing Agri-Hubs nationwide. The Bongabong Agri-Hub will provide accessible financial services mainly to the 12,233 farmers and fishers in the Municipality, to complement the nearest LANDBANK Lending Center in Calapan City. The Agri-Hub will also deliver banking services to public and private clients of the Bank, including 5,360 beneficiaries of National Government’s Conditional and Unconditional Cash Transfer (CCT/UCT) Programs in the Municipality.  The LANDBANK touchpoint will be equipped with various digital banking platforms, including the Digital Onboarding System (DOBS), which simplifies the account opening process for new clients to only 10-15 minutes.

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LANDBANK launches convenient mobile app for commuters

In line with the modernization of the country’s transport sector, the Land Bank of the Philippines (LANDBANK) is now offering a mobile transit app for cashless and contactless payment in public utility vehicles (PUVs) equipped with the Automated Fare Collection System (AFCS) EMV solution.  Through the LANDBANK mCommuter app, commuters can conveniently pay for transportation fares in AFCS-enabled vehicles by scanning the app-generated Quick Response (QR) Code, or by simply tapping their smartphones capable of supporting Near-Field Communication (NFC) technology on payment terminals.  “The LANDBANK mCommuter app supports the government’s transport modernization agenda, geared towards enhancing the daily travel experience of commuters. This is part of our continued efforts to leverage digital technology to serve commuter needs,” said LANDBANK President and CEO Cecilia C. Borromeo.  To register and access the features of the mCommuter app, users must be Full Wallet Accountholders of LANDBANKPay—the Bank’s all-in-one mobile wallet.  Once registered in mCommuter, fares will be automatically debited from the user’s LANDBANKPay account. Users may also link their LANDBANK EMV contactless prepaid and credit cards to the app to monitor their transit payment transactions and passenger journey.  Other mCommuter features scheduled for future roll-out include advance booking of tickets and discounted fares in PUV units.  Starting 13 September 2022, the mCommuter app is free to download in the Google Play Store, and soon in the Apple App Store.  LANDBANK and the Department of Transportation (DOTr) recently launched the interim operation of the AFCS in September, covering six (6) units of modern public utility vehicles (MPUVs) of PM Jeepney Drivers Operators and Services, Inc. (PMJDOSI). The remaining 144 MPUV units out of the total 150 PUV units shall soon be deployed in selected pilot sites in NCR, Central Luzon 3, Calabarzon, and Metro Cebu. Aside from the mCommuter app, LANDBANK contactless cards may also be used as cashless payment instruments in AFCS-enabled PUV units.

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Estrella, Borromeo approve IRR on agrarian debt moratorium

Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo and Agrarian Reform Secretary Conrado M. Estrella III hold the signed implementing rules and regulations (IRR) for Executive Order No. 4 Series of 2022.  In compliance with the directive of President Ferdinand R. Marcos, Jr., Agrarian Reform Secretary Conrado M. Estrella III and Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo, today, September 28, 2022, signed the Joint Administrative Order providing the implementing rules and regulations (IRR) for Executive Order No. 4 Series of 2022, which declares a moratorium on the payment of land amortization and interests for agrarian reform beneficiaries. Signed by the President on September 13, 2022, the EO entitled, “Directing the Implementation of a Moratorium on the Payment of the Principal Obligation and Interest of the Amortization Due and Payable by Agrarian Reform Beneficiaries,” calls for a one-year moratorium on loan payments of Agrarian Reform Beneficiaries (ARBs) who received agricultural land under the Comprehensive Agrarian Reform Program (CARP). “It is our duty in the government to prioritize the farmers, not only because they are the ones who keep us alive, but because they will make our economy rise again,” the President said. The IRR signed by the Department of Agrarian Reform (DAR) and LANDBANK specifies that the one-year moratorium covers the payment of the Principal Value and the Annual Interest Due and payable by the ARBs.  “The one-year moratorium period will provide the needed time for Congress to pass the law condoning the existing agrarian reform loans for the current ARBs and free land distribution for future beneficiaries,” Estrella said. It primarily covers the financial obligation to pay the total cost of the land under Presidential Decree No. 27, including interest at the rate of six percent (6%) per annum as provided under Section 6 of E.O. No. 228; and the financial obligation to pay the principal value including the six percent (6%) annual interest of the thirty (30)-year land amortization of the ARBs under Section 26 of RA No. 6657, as amended. “LANDBANK supports this historic initiative which is now taking off. We will provide immediate financial relief to ARBs nationwide, and yield positive results towards ensuring food security in the country,” said LANDBANK President Borromeo. LANDBANK serves as the collection agent of the National Government for land amortizations from ARBs, pursuant to its mandate as the financial intermediary of the CARP. All collections are remitted by the Bank to the Bureau of the Treasury (BTr) as part of the revenue of the National Government. The DAR-LANDBANK Joint Administrative Order covers the identification of beneficiaries qualified to avail of the one-year payment suspension, with the impact of the initiative to enhance the productivity and profitability of the ARBs duly documented and promoted.  EO No. 4 directs the DAR and LANDBANK to jointly submit to the Office of the President, through the Office of the Executive Secretary, a comprehensive report on the implementation of this Order, including data on the number of ARBs actually covered and impact of the moratorium, among others. The DAR-LANDBANK Joint Administrative Order shall take effect upon publication in the Official Gazette or in a newspaper of general circulation.

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LANDBANK: Beware of scams using fake leads on Google Ads

The Land Bank of the Philippines (LANDBANK) is warning customers and the general public of an online scam that is using Google Ads that lead to a fake LANDBANK phishing website, designed to steal personal and financial information.  LANDBANK has not placed any ads on Google. The Bank is currently working with Google to bring down these misleading ads the soonest time possible.  For your security, the public is advised to directly visit the official LANDBANK website (www.landbank.com) and use the available URLs/links located in the website to access the Bank’s digital banking channels, including the official iAccess website (www.lbpiaccess.com). The LANDBANK Mobile Banking App (MBA) can also be used for safer online transactions. The Bank also reminds the public to be more critical of phishing websites masquerading as official LANDBANK websites, and to remain vigilant against phishing scams and all other forms of online banking fraud.  Please do not open suspicious emails, links and attachments, and never share your account and personal information to anyone. Official LANDBANK representatives will never ask for critical financial and banking information from our customers. LANDBANK customers may report fraudulent activities to their respective handling Branch or through the LANDBANK Customer Care Hotline through (02) 8-405-7000 or 1-800-10-405-7000, or via email at customercare@mail.landbank.com.

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LANDBANK, DSWD strengthen partnership for vulnerable sectors

LANDBANK President and CEO Cecilia C. Borromeo (8th from right) pays a courtesy visit to DSWD Secretary Erwin T. Tulfo (8th from left) on 22 September 2022, to express the Bank’s continuing commitment to the implementation of the National Government’s social protection programs. Joining them are DSWD Undersecretaries Maria Salome P. Navarro (6th from left), Jerico Francis L. Javier (7th from left), Antonio Cid Crisanto Jr. (2nd from left), and Atty. Adonis P. Sulit (5th from left), LANDBANK Executive Vice Presidents Julio D. Climaco, Jr. (7th from right) and Liduvino S. Geron (6th from right), and other DSWD and LANDBANK senior officials. The Land Bank of the Philippines (LANDBANK) reaffirmed its continued support to the Department of Social Welfare and Development (DSWD) in ensuring the timely, safe and efficient disbursement of cash aid under the social protection programs of the National Government. LANDBANK President and CEO Cecilia C. Borromeo met with DSWD Secretary Erwin T. Tulfo on 22 September 2022, to express the Bank’s full commitment to programs and initiatives implemented for the country’s vulnerable sectors.  As the main distribution arm of the government’s social protection programs, LANDBANK facilitates the regular disbursement of financial assistance under the  Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs of the DSWD.  From January to August 2022, LANDBANK has released a total of P63.3 billion under the CCT program that benefitted 4.4 million low-income families for their children’s education, basic health needs and daily expenses. A total of P11.5 billion was also delivered to 3.2 million UCT beneficiaries, as part of the government’s support interventions under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Amid the rising prices of fuel and goods, LANDBANK is also working closely with the DSWD in implementing the Targeted Cash Transfer (TCT) Program to support around 12.4 million vulnerable households belonging to the bottom fifty percent (50%) of Filipino households. As of end-August 2022, the Bank has disbursed a total of P8.3 billion in cash assistance to 8.3 million household-beneficiaries under the TCT Program. The state-run Bank also upgraded the beneficiaries’ cash cards 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. The LANDBANK Prepaid Cards can also be used to withdraw from LANDBANK Automated Teller Machines (ATMs) and 7-Eleven ATMs free-of-charge, cash-out funds from the Bank’s Agent Banking Partners (ABPs), and make cashless purchases in groceries, pharmacies, convenience stores, and other accepting merchants via Point-of-Sale (POS) terminals.

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LANDBANK pays courtesy call on Cebu CFI co-op

(front row) Land Bank of the Philippines (LANDBANK) President and CEO Cecilia Borromeo (5th from left) paid a courtesy visit to Cebu CFI Community Cooperative (Cebu CFI) Chairman Atty. Winston F. Garcia (6th from left) on 15 September 2022. Joining them are Cebu CFI Board of Directors and other LANDBANK senior officials.  CAPITOL SITE, Cebu – Top officials from the Land Bank of the Philippines (LANDBANK) visited the Cebu CFI Community Cooperative (Cebu CFI) to reaffirm the Bank’s continued support to the lending cooperative and its members. LANDBANK President and CEO Cecilia C. Borromeo led the contigent on 15 September 2022, together with National Development Lending Sector Head, Executive Vice President Liduvino Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials.  The state-run Bank is set to grant Cebu CFI a new rediscounting loan line facility—while renewing its existing short-term loan line—to strengthen the cooperatives’ relending services for housing and livelihood projects.   Cebu CFI serves over 154,700 members nationwide composed mostly of local government employees, teachers, and private employees, with exisiting branches and sattelite offices in Luzon, Visayas, and Mindanao.

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LANDBANK President pays courtesy visit to Mandaue City Mayor

Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo (4th from left) met with Mandaue City Mayor Jonas Cortes (5th from left) on 15 September 2022, together with a contingent of LANDBANK officials.  MANDAUE CITY, Cebu – Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo paid a courtesy visit to Mandaue City Mayor Jonas Cortes on 15 September 2022, in support of the City’s continued progress and growth.   The two principals discussed potential areas of collaboration to undertake meaningful development projects, including the proposed construction of the Mandaue City Government Center, envisioned to be a centralized hub for accessible public services.  President Borromeo was joined by LANDBANK National Development Lending Sector Head, Executive Vice President Liduvino Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials.  Apart from the LANDBANK Mandaue Branch and Mandaue City Hall Branch, there are 23 LANDBANK ATMs and two (2) Agent Banking Partners in Mandaue City to service banking needs. These are complemented by the LANDBANK Cebu Lending Center in the Municipality of Consolacion to finance development initiatives.

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LANDBANK supports Cebu LGU’s livelihood program for farmers, fishers

Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo (5th from left) paid a courtesy visit to Cebu Governor Gwendolyn F. Garcia (4th from left) on 15 September 2022. Joining them are LANDBANK Executive Vice President Liduvino S. Geron (3rd from left), Corporate Banking Group Head and Senior Vice President Ma. Celeste A. Burgos (6th from left), and other LANDBANK senior officials. CAPITOL SITE, Cebu – The Land Bank of the Philippines (LANDBANK) strengthened its ties with the Provincial Government of Cebu during a courtesy visit on 15 September 2022, as the Bank expressed its continued support for the Province’s Enhanced Countryside Development (ECD) Program for farmers and fisherfolk. LANDBANK President and CEO Cecilia C. Borromeo met with Cebu Governor Gwendolyn F. Garcia, together with LANDBANK Executive Vice President Liduvino S. Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials. The Bank has an ongoing partnership with the Provincial Government under the ECD Program to finance the agricultural production of local farmers and fisherfolk, especially those who are residing in underdeveloped areas in Cebu. The Program also offers capital to expand or restart existing businesses affected by the Covid-19 pandemic, among others. Since the initial roll-out of the ECD Program in March 2021, LANDBANK has approved loans for 767 farmers and fisherfolk engaged in the production of swine, high-value crops, and fisheries in the whole Province of Cebu.

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LANDBANK donates P1.5-M to earthquake-hit LGUs

LANDBANK North Luzon Branches Group Head, Senior Vice President Ma. Belma T. Turla (left) and Bangued Branch Manager Gina V. Gabbuat (right) turnover a cash donation to Abra Provincial Governor Dominic B. Valera (middle) to support the recovery of local communities hit by the recent 7.0 magnitude earthquake. The Land Bank of the Philippines (LANDBANK) donated a total of P1.5 million-worth of financial aid to local government units (LGU) in Northern Luzon, in support of recovery efforts in the aftermath of the 7.0 earthquake that hit the region last July. The Bank extended donations of P200,000 for affected provinces and P100,000 each for municipalities. LGUs that received financial assistance include the Municipalities of Bangued, Bucay, Dolores, Lagangilang, Luba, Manabo, Peñarrubia, Pilar, Tayum, and Villaviciosa in Abra; Pasil in Kalinga; and the Provincial Governments of Abra and Ilocos Sur. “As the biggest development partner of the LGU sector, LANDBANK is fully committed to service the recovery and growth requirements of our partner LGUs,” said LANDBANK President and CEO Borromeo. According to the Philippine National Disaster Risk Reduction and Management Center (NDRRMC), the 7.0 magnitude earthquake affected more than 21,000 residents, mostly from the Province of Abra and its adjacent towns. Apart from the financial aid, the Bank continues to ensure the availability and accessibility of cash in the earthquake-hit areas. A LANDBANK Mobile ATM was immediately deployed to the Municipality of Bangued on 29 July 2022 and provided service to the community until 3 August 2022.

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LANDBANK supports moratorium on ARB payments

President Ferdinand R. Marcos Jr. (center), Senator Maria Imelda “Imee” R. Marcos (2nd from right), and Department of Agrarian Reform Secretary Conrado Estrella III (rightmost), are joined by LANDBANK President and CEO Cecilia C. Borromeo (4th from right) and Executive Vice President Alex A. Lorayes (leftmost) during the signing of the executive order imposing a one-year moratorium on payments for land amortization and interests of agrarian reform beneficiaries (ARBs) at Malacañang Palace, Manila on 13 September 2022. State-run Land Bank of the Philippines (LANDBANK) welcomes the imposition of a year-long moratorium on land amortization and interest payments of agrarian reform beneficiaries (ARBs) for agricultural lands distributed under the Comprehensive Agrarian Reform Program (CARP), meant to provide financial relief to over 650,000 ARBs whose income were adversely affected by the on-going health pandemic. President Ferdinand R. Marcos Jr. signed on 13 September 2022 an Executive Order to freeze CARP payments for a year, thereby allowing ARBs to save and utilize funds for farm development and improved productivity. “LANDBANK fully supports this landmark initiative to advance the interest and welfare of agrarian reform beneficiaries. Rest assured that we will continue to complement the National Government’s development agenda for ARBs and strategic land reforms,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK serves as the collection agent of the National Government for land amortizations from ARBs, pursuant to its mandate as the financial intermediary of CARP. All collections are remitted by the Bank to the Bureau of the Treasury (BTr) as part of the revenue of the National Government. The Bank is also responsible for determining the land valuation and compensation for all lands covered under CARP. It likewise facilitates land transfer payment, and handles Agrarian Reform (AR) bond servicing transactions such as bond transfer, conversion, exchange and replacement, among others. Meanwhile, LANDBANK continues to offer financial assistance to ARBs and their organizations, or the Agrarian Reform Beneficiary Organizations (ARBOs), through the Credit Assistance Program for Program Beneficiaries Development (CAP-PBD) for crop production, agri-enterprise or livelihood, and other agri-related projects.   The program is being implemented in partnership with the Department of Agrarian Reform (DAR) to provide capacity building and enterprise development support or interventions to ARBs and ARBOs, aimed at strengthening and improving their organizations’ operations and productivity. LANDBANK and DAR also offer the Expanded Assistance to Restore and Install Sustainable Enterprises for Agrarian Reform Beneficiaries and Small Farm Holders (E-ARISE-ARBs) which provides a contingent credit facility to ARBOs and its members who were adversely affected by natural calamities or disasters, pest and diseases, and other viral infections or outbreaks. LANDBANK’s combined releases under CAP-PBD and E-ARISE-ARBs have reached P720.2 million as of 30 June 2022, benefitting more than 200 ARBOs with more than 11,000 ARBs and small farm holder-members nationwide. In partnership with DAR, LANDBANK is also addressing the credit needs of individual ARBs who are not members of an ARBO through the Accessible Funds for Delivery to ARBs (AFFORD ARBs) Lending Program. The Bank has extended loan assistance amounting to P468.6 million to more than 1,700 borrowers under the Program as of end-June 2022.

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LANDBANK installs new ATM to serve Marawi teachers

(left photo) City Schools Division of Marawi (CSDM) OIC - Schools Division Superintendent Anna Zenaida U. Alonto (leftmost) and LANDBANK Marawi Branch Head Noraida M. Dindang (4th from left) lead the ribbon-cutting of the new LANDBANK ATM at the Amai Pakpak Central Elementary School (APCES) Compound in Brgy. Buadi Sacayo, Marawi City. They are joined by Regional State Prosecutor Atty. Rohaira A. Lao (2nd from left), Ministry of Basic, Higher and Technical Education Regional Consultant Soraida Nor (center) and LANDBANK Maigo (Lanao del Norte) Branch Head Raisha L. Marohombsar (rightmost). MARAWI CITY, Lanao del Sur – Teachers and residents will no longer need to wait in long queues and travel to other towns for their cash requirements, with the installation of a new Land Bank of the Philippines (LANDBANK) ATM at the Amai Pakpak Central Elementary School (APCES) Compound in Barangay Buadi Sacayo. In partnership with the Department of Education (DepEd) - City Schools Division of Marawi (CSDM), the initiative aims to primarily serve around 1,500 teachers and school personnel who maintain payroll accounts with LANDBANK.  With its strategic location, the LANDBANK ATM is also accessible to other educational institutions in the area, including the Marawi City National High School and the Mindanao State University (MSU) – University Training Center.  The LANDBANK ATM is likewise available to serve the cash requirements of the Bank’s customers in the four (4) nearby barangays of Bangon, Barrio Fort, Datu Saber and Poblacion. Around 3,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD) will also benefit from the accessible LANDBANK ATM.  “LANDBANK’s physical presence in strategic areas remains an essential part of our financial inclusion thrust. We are focused on reaching and serving our varied customers nationwide, especially those in remote and underserved areas,” said LANDBANK President and CEO Cecilia C. Borromeo.  CSDM OIC-Schools Division Superintendent Anna Zenaida U. Alonto and LANDBANK Marawi Branch Head Noraida M. Dindang led the inauguration of the LANDBANK ATM on 31 August 2022. They were joined by Regional State Prosecutor Atty. Rohaira A. Lao, Ministry of Basic, Higher and Technical Education (MBHTE) Regional Consultant Soraida Nor, and LANDBANK Maigo (Lanao del Norte) Branch Head Raisha L. Marohombsar.  Aside from payroll services, LANDBANK also extends electronic salary loan services to CSDM for the financing needs of its teaching and non-teaching staff through the LANDBANK Marawi and Cotabato Branches.  The newly-installed LANDBANK ATM in the APCES Compound brings the Bank’s total number of ATMs in Lanao del Sur to 16, complementing two (2) Branches and two (2) Cash Deposit Machines (CDMs) in the province, as of 31 August 2022.  LANDBANK is the only bank present in all provinces of the country, composed of of 608 Branches; 2,875 ATMs; and 232 CDMs.

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LANDBANK, Taguig City LGU sign P1.4-B credit facility for infra projects

Taguig City Mayor Hon. Maria Laarni L. Cayetano (3rd from right) and LANDBANK President and CEO Cecilia C. Borromeo (4th from right) lead the signing of a P1.4 billion credit agreement for the City’s infrastructure projects on 6 September 2022 at the Mayor’s Office in Taguig City. They are joined by Taguig City Administrator Atty. Jose Luis G. Montales (2nd from right), City Treasurer Atty. J. Voltaire I. Enriquez (rightmost), LANDBANK National Development Lending Sector Head, Executive Vice President Liduvino S. Geron (5th from right), and LANDBANK Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos (leftmost). BGC, Taguig City – The Land Bank of the Philippines (LANDBANK) and the City Government of Taguig signed a credit agreement worth P1.4 billion to finance the City’s infrastructure and development projects that will cater to the educational, medical, and recreational needs of Taguigeños.   Taguig City Mayor Maria Laarni L. Cayetano and LANDBANK President and CEO Cecilia C. Borromeo led the signing on 6 September 2022 at the Mayor’s Office in Taguig City. They were joined by Taguig City Administrator Atty. Jose Luis G. Montales and City Treasurer Atty. J. Voltaire I. Enriquez, along with LANDBANK National Development Lending Sector Head, Executive Vice President Liduvino S. Geron, Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos, and Public Sector Department Head, Assistant Vice President Melissa V.A. Abundo. “LANDBANK will continue to find opportunities to serve the nation with the City Government of Taguig, in line with our mutual goal of advancing inclusive economic growth towards building a stronger and more resilient local economy,” said LANDBANK President and CEO Borromeo. Under the agreement, LANDBANK will finance the construction and completion of the new Taguig City Hall, including its proposed community and recreational centers, and theater.  The credit facility will also cover the construction and completion of the City’s General Hospital and University Complex buildings, to provide more accessible health care and educational services for its constituents, respectively.       “Hopefully, this partnership will prosper through LANDBANK’s kind assistance and support. We recognize LANDBANK as one of our closest partners in development and we appreciate your assistance in pushing the City of Taguig to be even more successful than it is today,” said Taguig City Mayor Cayetano. The P1.4 billion LANDBANK credit facility is part of the P7.7 billion Omnibus Term Loan Facility (OTLF) approved by the Bank for the Taguig City LGU.  LANDBANK approved the first drawdown from the OTLF amounting to P1.4 billion under the Restoration and Invigoration Package for a Self-sufficient Economy towards Upgrowth for LGUs (RISE-UP LGUs) Lending Program, to fast-track the City’s recovery from the challenges of the COVID-19 pandemic. LANDBANK also serves the City of Taguig through the disbursement of funds for the 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 nine (9) branches, 59 ATMs, and 7-Eleven ATMs located throughout the City. The state-run Bank also provides payroll and salary loan services for the City’s employees, as well as digital management of Taguig City’s institutional account via the LANDBANK weAccess—the Bank’s internet banking facility for corporate clients and government agencies.

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