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LANDBANK loans to rice farmers reach P2.2-B
To boost local rice production amid challenges faced by the rice industry, the Land Bank of the Philippines (LANDBANK) has released P2.2 billion in loans to 13,701 rice farmers and cooperatives as of 31 July 2023 through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF). A total of P1.1 billion of the Bank’s loan releases under ERCA-RCEF directly financed palay production of individual rice farmers listed under the Department of Agriculture’s (DA) Registry System for Basic Sectors in Agriculture (RSBSA), while P507.5 million was earmarked for relending of cooperatives to its rice farmer-members; P394.1 million for rice trading and milling; and P222 million for the purchase of farm machineries and equipment. “LANDBANK is doing its share to strengthen local rice production by providing accessible and responsive financial assistance to rice farmers. In partnership with the DA, the ERCA-RCEF program forms part of our commitment to advance the agriculture sector and empower Filipino farmers,” said LANDBANK President and CEO Lynette V. Ortiz. Of the 13,701 beneficiaries, 4,783 hailed from Region 2, particularly the rice-producing provinces of Cagayan, Nueva Vizcaya and Quirino. LANDBANK also assisted 1,858 beneficiaries from Region 3; 1,463 from Region 6; 1,334 from Region 13; 1,323 from Region 4-B; and the rest from Regions 1, 4-A, 5, 7, 8, 9, 10, 11, 12, and the Cordillera Administrative Region (CAR). “Malaki ang naitulong ng ERCA-RCEF sa aming pagsasaka dahil mababa ang interes nito kumpara sa ibang pautang. Sana ay magtuloy-tuloy pa ang Programang ito para marami pang magsasakang kagaya ko ang matulungan,” said Noemi C. Negrillo, a 68-year-old rice farmer from Quirino province who was able to purchase farm inputs and sustain her rice production through a loan under the ERCA-RCEF. Implemented in partnership with the DA, the ERCA-RCEF is a credit facility which aims to boost the productivity and income of small rice farmers and their cooperatives, and cushion the initial impact of Republic Act No. 11203, also known as the Rice Tariffication Law (RTL). LANDBANK has fully disbursed the allocated fund for ERCA-RCEF from 2019 to 2022, and shall continue to make available P500 million in loans annually until 2024 to cooperatives and rice farmers registered under the RSBSA in the country’s 38 rice-producing provinces. The ERCA-RCEF Program allows individual rice farmers to 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, farm machineries and equipment for production and post-production, working capital for rice and seed trading, as well as relending and rediscounting of existing loans of small rice farmers listed under the DA’s RSBSA.
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LANDBANK awaits green light to resume fuel subsidy distribution
The Land Bank of the Philippines (LANDBANK) assures the fast and timely crediting of fuel subsidies and distribution of cash cards to intended transport beneficiaries nationwide once the prohibition to distribute in compliance to the election spending ban is lifted. The Land Transportation Franchising and Regulatory Board (LTFRB) is currently working on the exemption from the Commission on Elections (Comelec) to resume the distribution under the Fuel Subsidy Program (FSP). Pursuant to Comelec Resolution 10944, the releasing, disbursing or spending of public funds for social welfare projects are prohibited from September 15 to October 30, 2023 in relation to the Barangay and Sangguniang Kabataan Elections next month.
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LANDBANK remits P50B investment in Maharlika
The Land Bank of the Philippines (LANDBANK) has remitted to the Bureau of the Treasury (BTr) its ₱50-billion contribution to the Maharlika Investment Corporation (MIC) as mandated by Republic Act No. 11954 which establishes the Maharlika Investment Fund (MIF), the first Philippine sovereign wealth fund aimed at boosting the country’s economic growth. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno said that the Bank’s ₱50-billion investment to the MIF has already been settled with the BTr on Thursday, 14 September 2023, following the enactment of the MIF enabling law and the issuance of its Implementing Rules and Regulations (IRR) by the BTr. "We are witnessing a growing interest for investments in the MIF from multilateral financial institutions and foreign investors. With the regulatory requirements in place, and after securing the seed capital from state-run institutions, we are confident that the Fund will be operational by yearend,” said Secretary Diokno. At the same time, LANDBANK President and CEO Lynette V. Ortiz said the law creating the MIF has enough safeguards to protect the Bank’s invested funds. “The MIF law has put in place adequate safety nets to ensure full disclosure and transparency in the management of the Fund, as well as the integrity and professionalism of the management team that will be entrusted to lead the Maharlika Investment Corporation,” President Ortiz said. On 18 July 2023, President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 11954, followed by the BTr’s issuance of the IRR a month later on 28 August 2023. The law authorizes LANDBANK and the national government to provide ₱50 billion each as initial fund capital, while the Development Bank of the Philippines (DBP) will contribute another ₱25 billion.
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LANDBANK, Malungon LGU link up for digital payments
(front) Malungon Mayor Maria Theresa Constantino (2nd from right), Vice Mayor Mariano S. Escalada, Jr. (rightmost), Municipal Treasurer Eva Emejas (leftmost), and LANDBANK Assistant Vice President Jojo Alcover (3rd from right) lead the launching of the partnership for the use of the LANDBANK Link.BizPortal, alongside other local government officials and officers. MALUNGON, Sarangani Province – Residents and business entrepreneurs from this municipality can now pay for dues to the local government faster online through the digital payment facility of the Land Bank of the Philippines (LANDBANK). The Municipal Government of Malungon has partnered with the state-owned Bank for the integration of the LANDBANK Link.BizPortal to its own website, which offers a wide range of local public services. Through the Link.BizPortal, clients can now pay for local fees, such as business permits and realty taxes, at their own convenience and even at the comfort of their homes. “LANDBANK’s digital banking solutions advances the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation,” said LANDBANK President and CEO Lynette V. Ortiz. Malungon Mayor Maria Theresa Constantino extended her appreciation to LANDBANK’s support to accelerate the municipality’s digitalization journey. “This is the first in Sarangani to fully implement online payments. So, tell your relatives, your neighbors, that we have a new added service to make it more convenient for the people of Malungon to pay their taxes. We thank LANDBANK in bringing the service closer to every home in Malungon,” said Mayor Constantino. The LANDBANK Link.BizPortal is a digital facility that allows clients to pay for products and services via the internet from both government and private institutions. For the first six months of the year, the LANDBANK Link.BizPortal has facilitated 4 million transactions with value of P6 billion. Of its total 1,326 partner merchants, the Portal has 978 government partners of which 180 have been newly-onboarded this year. LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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Towards improving ease of doing business: LANDBANK backs Tudela LGU digitalization efforts
Tudela Mayor Samuel Parojinog (center), LANDBANK Ozamiz Branch Head Geraldine Henoctan (left), and Tudela Treasurer Phanesa Gamotin (right) display the signed agreement to digitalize the payment of local government taxes and fees. TUDELA, Misamis Occidental – The Land Bank of the Philippines (LANDBANK) will be supporting the municipal government of Tudela to digitalize payments for business-related transactions towards fostering a competitive and robust local economy. The local government unit (LGU) of Tudela is set to make use of the LANDBANK Link.Biz Portal to enable local businesses and residents in this 5th class municipality to conveniently pay for various fees online, which includes business permits, real properties, resorts, and public market rentals, among other local dues. "Our partnership with the municipality of Tudela exemplifies LANDBANK's commitment to enhance ease of doing business and increase competitiveness in the communities we serve. We will continue to leverage on innovative financial solutions to drive sustainable and inclusive growth," said LANDBANK President and CEO Lynette V. Ortiz. Tudela Mayor Samuel Parojinog, LANDBANK Ozamiz Branch Head Geraldine Henoctan, and Tudela Treasurer Phanesa Gamotin recently led the signing of the Memorandum of Agreement (MOA) to formalize the partnership. "As we look forward to LANDBANK and Tudela's partnership, I have no doubt that together, we can create a more prosperous and thriving community for everyone," said Mayor Parojinog. Tuleda LGU has been a partner of LANDBANK since 1995, with the former availing of other various LANDBANK services and facilities, such as ATM Payroll Facility, Deposit Pick-up service, and Electronic Salary Loan (eSL). LANDBANK is committed to extending an array of digital facilities and services to LGUs nationwide, in support of Executive Order No. 170, which enjoins the Adoption of Digital Payments for Government Disbursement and Collections. The Bank's digital offerings likewise support the Ease of Doing Business Law, meant to accelerate various transactions such as permit issuance for enhanced efficiency, transparency and accountability in public service delivery. As of June 2023, the LANDBANK Link.Biz Portal has a total of 449 LGU partner merchants nationwide. The Portal is also aligned with the national government's call for a National Retail Payment System, which also supports the implementation of the "eGov Pay" payment solution, as mandated by the Bangko Sentral ng Pilipinas (BSP). LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting lives, empowering communities.
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SSS taps LANDBANK for payroll disbursement
SSS President and CEO Rolando L. Macasaet and LANDBANK President and CEO Lynette V. Ortiz lead the signing of partnership agreements between the two GOCCs on 23 August 2023 at the SSS Main Office in Quezon City. The Land Bank of the Philippines (LANDBANK) will ensure the timely and efficient disbursement of payroll to over 6,300 employees of the Social Security System (SSS) nationwide starting 01 September 2023. Through the signing of the Service Level Agreement (SLA) between SSS and LANDBANK, the state-run Bank’s ATM payroll facility will service the direct crediting of salary, allowances, bonuses, and provident fund and loan proceeds to the LANDBANK accounts of SSS employees. SSS President and CEO Rolando L. Macasaet and LANDBANK President and CEO Lynette V. Ortiz sealed the partnership on 23 August 2023 at the SSS Main Office in Quezon City. They were joined by SSS Executive Vice President Elvira G. Alcantara-Resare and Vice President Nympha M. Ragel, alongside LANDBANK officials Executive Vice President Liduvino S. Geron, Executive Vice President Alex A. Lorayes, and Senior Vice President Leila C. Martin. “LANDBANK is privileged to service the payroll requirements of SSS and make banking more convenient for their employees through our extensive network nationwide. We bring to the table our expertise in facilitating payroll disbursements for over 2 million government employees,” said LANDBANK President Ortiz. SSS employees can transact and withdraw cash from LANDBANK’s 606 branches and branch-lite units and 2,941 ATMs, as well as 2,699 ATMs of 7-Eleven convenience stores in selected areas in the country. They can likewise conveniently complete fund transfers and bills payment transactions online using the LANDBANK Mobile Banking App and Link.BizPortal, the Bank’s web-based payment channel. During the same event, LANDBANK and SSS also signed a Memorandum of Understanding (MOU) for the efficient collection of voluntary SSS contributions from the Bank’s employees. Under the MOU, LANDBANK will automatically deduct monthly SSS payments from the payroll of Bank personnel who opted for voluntary contribution, and directly remit to SSS. LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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LANDBANK joins collab for centralized gov’t payment platform
National Treasurer Rosalia V. De Leon (leftmost), DICT Undersecretary David L. Almirol, Jr. (3rd from left), and LANDBANK President and CEO Lynette V. Ortiz (5th from left) lead the signing of a Memorandum of Agreement (MOA) for the electronic Government Payment Platform (eGovPay), with witnesses Deputy Treasurer Eduardo Anthony G. Mariño III (2nd from left), DICT Bureau Director June Vincent Manuel Guadan (4th from left), and LANDBANK Senior Vice President Leila C. Martin (rightmost) on 15 August 2023 in Manila. The Land Bank of the Philippines (LANDBANK) has joined hands with the Department of Information and Communications Technology (DICT) and Bureau of the Treasury (BTr) to develop a single platform for all government payments. National Treasurer Rosalia V. De Leon, DICT Undersecretary David L. Almirol, Jr., and LANDBANK President and CEO Lynette V. Ortiz led the signing of a Memorandum of Agreement (MOA) on 15 August 2023 in Manila to formalize the collaboration for the electronic Government Payment Platform (eGovPay). "We are proud to contribute to this ground-breaking initiative and lay the foundations for a centralized digital payment gateway. We are set to revolutionize how the whole government handles payments, and more importantly, provide convenience to fellow Filipinos than ever before," said LANDBANK President Ortiz. The eGovPay platform introduces a secure and centralized gateway that simplifies payment acceptance for government agencies. The platform is designed to enhance the government’s data management and reporting capabilities, slash costs tied to manual operations, and streamline the reconciliation process. Under the partnership, LANDBANK assumes the role of depository and financial settlement bank for eGovPay. The DICT will act as user and application administrator to onboard Payment Service Providers (PSP) and Government institutions to the eGovPay, and will ensure the smooth integration of different payment channels to the systems of LANDBANK. Meanwhile, the BTr will be responsible for ensuring full compliance of LANDBANK and DICT-covered agencies to the Treasury Single Account Framework, particularly on the collection and remittance of internal revenue taxes, custom duties and other national collections. This tripartite collaboration follows the development agenda of President Ferdinand R. Marcos Jr. to prioritize digitalization and promote digital payment solutions for the efficient delivery of public service. The eGovPay will also support the Adoption of Digital Payments for Government Disbursement and Collections pursuant to Executive Order (EO) No. 170, and Republic Act No. 11032 which promotes the Ease of Doing Business and Efficient Delivery of Government Services. This initiative likewise complements LANDBANK’s own phygital strategy towards improving access to reliable, relevant, and convenient financial services by continuously expanding touchpoints nationwide while developing more responsive digital channels. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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As more customers embrace online banking: LANDBANK registers 22% jump in H1 2023 digital transactions
PhilSA Director General Dr. Joel Joseph S. Marciano, Jr. (center), LANDBANK Senior Vice President Elcid C. Pangilinan (2nd from right), and DOST-ASTI representative Engr. Alvin E. Retamar (4th from right) sign the tripartite memorandum of understanding for collaboration on the use of space data and analytics. The Land Bank of the Philippines (LANDBANK) recorded significant increases in volume and value of transactions across its major digital banking platforms in the first six months of the year. The state-run Bank facilitated 94.7 million transactions worth P1.9 trillion from January to June 2023, representing year-on-year jumps of 22% and 41% in volume and value, respectively. The combined digital transactions were made through the LANDBANK Mobile Banking App (MBA), Electronic Modified Disbursement System (eMDS), LANDBANK Bulk Crediting System (LBCS), Link.BizPortal, iAccess, and weAccess. “More customers continue to embrace the advantages of using LANDBANK’s digital banking solutions. We will drive investments to upgrade our digital infrastructure further, to continue providing convenient, accessible, and secure services,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK MBA accounted for the bulk of the total digital transactions, facilitating 76.1 million transactions amounting to P140.5 billion. These translate to year-on-year expansions of 27% and 36% in volume and value, respectively. LANDBANK customers mostly use the MBA for fund transfer and bills payment, as well as for purchasing government bonds, including the Retail Treasury Bonds Tranche 29 (RTB-29) offered in February 2023. The eMDS, LANDBANK’s internet facility for national government agencies, registered the highest transaction value at P1.3 trillion for a 36% jump from P966.2 billion in the same period a year ago. Total transactions likewise grew by 15% to 1.4 million from 1.2 million. Meanwhile, the Bank’s electronic bulk disbursement facility, LBCS, saw the most significant increases in utilization and value in the first half of the year, with total transactions reaching 3.6 million valued at P32.3 billion for unprecedented growth rates of 6,737% and 398%, respectively. The LANDBANK Link.BizPortal, a web-based payment channel for paying for products and services online, also posted a 44% rise in volume to 4 million transactions worth P6 billion. The value of transactions facilitated via LANDBANK’s online retail banking channel, iAccess, and its corporate internet banking platform, weAccess, likewise improved by 3% and 53% to P9.1 billion and P433.3 billion, respectively. With the continued adoption of digital banking, LANDBANK continues to remind customers and the public to be more vigilant against phishing scams and other forms of online banking fraud. The Bank is regularly posting on its official social media channels security reminders and best practices to avoid falling victim to fraudulent activities online. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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Towards greater efficiency and transparency: LANDBANK, DBM join hands to expedite gov’t purchases
DBM Secretary Amenah F. Pangandaman (right) and LANDBANK President and CEO Lynette V. Ortiz (left) hold a LANDBANK Government Purchase Card (GPC) during a partnership signing on 03 August 2023 at the LANDBANK Plaza in Manila (Photo courtesy of DBM). The Department of Budget and Management (DBM) and the Land Bank of the Philippines (LANDBANK) have collaborated anew for the use of the LANDBANK Government Purchase Card (GPC) for the faster and more efficient means to pay for goods and services. The LANDBANK GPC is a credit card that allows authorized DBM personnel to expedite payments for official expenses, by eliminating procurement lead-time and reducing administrative paperwork, costs and time in liquidating obligations to suppliers. The GPC is designed to streamline payments for travel and representation; miscellaneous small-value purchases; hotel and lodging; computer software, services, and digital content; and fuel, automotive parts, and services, among others. “LANDBANK will remain steadfast in our thrust to leverage digital solutions, as we continue to promote the adoption and reap the benefits of using digital payments. Together, let us accelerate the National Government’s digital transformation journey for improved governance, transparency, and service delivery,” said LANDBANK President and CEO Lynette V. Ortiz. Budget Secretary Amenah F. Pangandaman and LANDBANK President Ortiz signed the Memorandum of Agreement (MOA) for the partnership on 03 August 2023, together with DBM Chief of Staff Leo Angelo M. Larcia and LANDBANK Senior Vice President Celeste A. Burgos as witnesses. Also present during the signing were DBM Undersecretaries Wilford Will Wong, Maria Francesca del Rosario, and Goddes Hope Libiran, along with LANDBANK officers led by Executive Vice President Liduvino S. Geron, Senior Vice President Marilou L. Villafranca, and First Vice Presidents Cielito H. Lunaria and Vivian M. Cañonero. “We thank LANDBANK for supporting us in our digital transformation initiative. Napakahalaga ng suporta na ibinibigay niyo para magtagumpay ang mga programa at proyekto ng gobyerno, tulad ng digitalization,” said Secretary Pangandaman. In line with advancing efficiency and transparency, the GPC features pre-defined expenditure and credit limit; e-mail alerts for all GPC transactions; availability for online and cashless transactions via Point-of-Sale (POS); and monthly electronic statement of accounts. The GPC Program is a joint initiative of the Bureau of the Treasury (BTr), DBM and LANDBANK which aims to promote a convenient, transparent and efficient payment process to further drive public digital financial management. DBM is the third government agency to avail of the GPC, following the BTr and the Department of Finance (DOF). From January to June 2023, LANDBANK has already facilitated 998 combined transactions for the DOF and BTr, with value amounting to P5.1 million. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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LANDBANK to use space data, analytics for agri financing
PhilSA Director General Dr. Joel Joseph S. Marciano, Jr. (center), LANDBANK Senior Vice President Elcid C. Pangilinan (2nd from right), and DOST-ASTI representative Engr. Alvin E. Retamar (4th from right) sign the tripartite memorandum of understanding for collaboration on the use of space data and analytics The Land Bank of the Philippines (LANDBANK) will be working with the Philippine Space Agency (PhilSA) and the Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) for the integration of space data and analytics to its financing strategies for the agriculture sector. PhilSA Director General Dr. Joel Joseph S. Marciano, Jr., LANDBANK Senior Vice President Elcid C. Pangilinan, and DOST-ASTI representative Engr. Alvin E. Retamar held a ceremonial signing of a Memorandum of Understanding (MOU) on 08 August 2023 in Quezon City to seal the partnership. The tripartite collaboration covers the development and utilization of space-related technologies for financial applications, conduct of joint research and exchange of relevant data for research undertaking, organization of training symposia or similar activities, and sharing of technological resources. “Our collaboration with PhilSA and DOST-ASTI is a welcome opportunity to further strengthen LANDBANK’s agribusiness value chain financing strategies through cutting-edge data. We will continue to explore innovative opportunities to firm up our support for modernizing and growing the agriculture sector,” said LANDBANK President and CEO Lynette V. Ortiz. The partnership will provide LANDBANK key insights to strengthen its capabilities in rolling out more effective lending strategies for the agribusiness value chain, including accurate assessment of multiple risks, monitoring on a near-real-time and site-specific basis, and understanding of the performance and prospects of various agricultural commodity systems. “Our efforts in the space downstream have also been incessant. We have heightened efforts to engage government agencies, academe, LGUs and other groups in promoting more widespread and effective integration of such data into decision-making and policy formulation,” said PhilSA Director General Marciano. LANDBANK remains steadfast in support of all players in the agribusiness value chain, with the state-run Bank recently reported posting a total of P713.8 billion in outstanding loans directed to agriculture and rural development as of 30 June 2023. This is way above the 25% requirement for local banks to allocate financing for agriculture, fisheries and rural development (AFRD) under Republic Act No. 11901 or “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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Pasay pensioners receive “ayuda” via LANDBANK cash cards
LANDBANK distributed cash cards loaded with financial assistance to over 700 beneficiaries of the DSWD at the Cuneta Astrodome in Pasay City. PASAY CITY – Over 700 senior citizens from this city received financial aid from the National Government through cash cards distributed by the Land Bank of the Philippines (LANDBANK) on 29 July 2023 at the Cuneta Astrodome. Beneficiaries of the Department of Social Welfare and Development’s (DSWD) Social Pension Program under the Unconditional Cash Transfer (UCT) Program each received P3,600.00 worth of cash assistance credited to their LANDBANK Cash Cards. Pensioners who are also beneficiaries of DSWD’s Targeted Cash Transfer (TCT) Program received an additional P2,000.00 each, for a total of P5,600.00 worth of cash assistance. “In partnership with DSWD, LANDBANK continues to ramp up the disbursement of cash aid to vulnerable sectors. We will ensure the efficient and timely distribution of financial assistance in support of the Government’s inclusive development agenda,” said LANDBANK President and CEO Lynette V. Ortiz. Beneficiaries can conveniently withdraw their “ayuda” from any of the 2,951 LANDBANK ATMs and 2,632 ATMs of 7-Eleven convenience stores in selected areas in the country. Social pensioners can likewise use their LANDBANK Cash Cards to make cashless purchases via Point-of-Sale (POS) terminals in participating stores, such as drugstores and groceries, as well as transact with the Bank’s Agent Banking Partners (ABPs) located in remote areas. As the main distribution arm of financial assistance of the National Government, LANDBANK has disbursed a total of P35.4 billion worth of cash grants to DSWD beneficiaries for the first half of the year. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy
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Outstanding partners shine in LANDBANK’s diamond celebration
CHEERS TO 60 YEARS OF SERVICE: LANDBANK President and CEO Lynette V. Ortiz leads a celebratory toast alongside industry regulators, business leaders, development partners, and outstanding clients in commemoration of LANDBANK’s diamond jubilee on 08 August 2023. To mark six decades of meaningful public service, the Land Bank of the Philippines (LANDBANK) honored outstanding clients and partners who have become its strong allies in promoting countryside and national development during an appreciation event on 08 August 2023 in Pasay City. The 60-year-old state-run Bank conferred the prestigious Distinguished Initiators and Movers of National Development (DIAMOND) Awards to exceptional loan clients, and fund management and digital banking partners from across the country. “May these awards inspire you to dream bigger and achieve more, while serving as a testament to our solid partnership, and to our unified resolve to continue making a lasting impact to the sectors and people we serve,” said LANDBANK President and CEO Lynette V. Ortiz. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno likewise expressed appreciation to the DIAMOND awardees for their contributions in accelerating the post-pandemic recovery of the Philippine economy. “As chairman of this Bank, I assure you that we will continue to be a reliable partner in your development journey as we build a more resilient, inclusive, and sustainable economy where no one is left behind,” said Finance Secretary Diokno. (left photo) LANDBANK President and CEO Lynette V. Ortiz extends her appreciation to clients and partners for their trust and support for the Bank over the past 60 years. (right photo) Finance Secretary and LANDBANK Chairman Benjamin E. Diokno congratulates the DIAMOND awardees and assures all stakeholders of the Bank’s continued support towards building a more resilient, inclusive, and sustainable economy. Executive Secretary Lucas P. Bersamin joined Finance Secretary Diokno and LANDBANK President Ortiz in presenting the DIAMOND Awards to clients. Department of Agrarian Reform (DAR) Secretary Conrado M. Estrella III, Department of Labor and Employment (DOLE) Secretary Bienvenido E. Laguesma, and Department of Agriculture (DA) Senior Undersecretary Domingo F. Panganiban also graced the event. LANDBANK bestowed the DIAMOND Awards to outstanding loan clients nationwide who have trusted the Bank for the growth and development of their business operations, and have made ripples of positive change in their respective communities. Awardees include the Lamac Multi-Purpose Cooperative as the Outstanding Agri-based Cooperative; ACDI Multipurpose Cooperative as the Outstanding Non-Agri-based Cooperative; Dolefil Agrarian Reform Beneficiaries Cooperative and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) as the Outstanding Agrarian Reform Beneficiaries’ Cooperatives; and Biotech Farms, Inc. as the Outstanding Partner in Agribusiness. Other LANDBANK outstanding loan clients include the Green Innovations for Tomorrow Corporation as the Outstanding Partner in Renewable Energy; Leyte Metropolitan Water District as the Outstanding Partner in Water Development and Distribution; Fiesta Communities Incorporated as the Outstanding Partner in Socialized Housing Development; Allah Valley Medical Specialists’ Center, Inc. as the Outstanding Partner in Health Services; Juan Sumulong Memorial Schools Systems Inc. as the Outstanding Partner in Learning and Development; spouses Marcelina and Salvador Cabaero as the Outstanding Agri-based SME; and Mr. Porfirio P. Mina as the Outstanding Non-Agri-based SME. LANDBANK also recognized outstanding partners in fund management who have extended resolute confidence in the Bank and remained loyal clients over the years. Recipients of the LANDBANK DIAMOND Awards under fund management include the Bureau of the Treasury; San Miguel Group of Companies; OceanaGold (Philippines) Inc.; Peninsula Electric Cooperative, Inc.; WCS Construction Inc.; JM Maligaya Group of Companies; Metro Retail Stores Group Inc.; ECJ Negros Farms ARB Cooperative; and Ulticon Builders, Inc. The DIAMOND Awards were also conferred to LANDBANK’s outstanding digital banking clients and partners who have helped advance digitalization and financial inclusion by leveraging on the Bank’s innovative products and services. Awardees comprise of the Department of Education as Top in eMDS and weAccess Utilization; the Philippine National Police as Top in Link.BizPortal Utilization; Mastercard Transaction Services (Philippines) Inc. as Top Remittance Partner through LBRS (Local); and the Rural Bank of Sipocot (Camarines Sur), Inc. as the Top Agent Banking Partner. (left photo) Lamac Multi-Purpose Cooperative General Manager Elena C. Limocon delivers a message of appreciation to LANDBANK on behalf of all the DIAMOND awardees. (right photo) Executive Secretary Lucas P. Bersamin (rightmost), Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (2nd from right), and LANDBANK President and CEO Lynette V. Ortiz (leftmost) confer the DIAMOND Award to Lamac Multi-Purpose Cooperative. Lamac Multi-Purpose Cooperative General Manager Elena C. Limocon delivered a special message on behalf of all the DIAMOND awardees and thanked LANDBANK for its unwavering support to clients. “Our deepest gratitude to LANDBANK for the trust and support showed to us throughout our institutional journey. This award serves as a reminder that through collaboration, convergence, perseverance and a strong sense of purpose, we can truly make a difference in the lives of our people,” said General Manager Limocon. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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