LANDBANK FETES 18 RURAL, THRIFT BANKS
The Land Bank of the Philippines recognized 18 of its countryside lending partners in a special awarding ceremony at the Cebu Country Club recently. Eighteen rural and thrift banks were honored for their active role in countryside development by providing financial assistance to the agri-agra sector in their respective areas.
"We could not have reached our smallest farmers in the farthest corners of the countryside if not for the vigorous support of our rural banks and thrift institutions," said Gary B. Teves, president and CEO of LANDBANK.
Clinching the topmost awards in the rural bank category were Rural Green Bank of Caraga, first place; Network Rural Bank of Region 11, second place; Producers Rural Banking Corp. of Region 3, 3rd place; Philippine Rural Banking Corp. of Region 2, fourth place; and, Rural Bank of Marayo, Region 6, fifth place. These banks also won as the best bank in their respective regions.
Other regional winners include Rang-Ay Rural Bank, Region 1; Bangko Kabayan, Region 4; Rural Bank of Paracale, Region 5; Community Rural Bank of Catmon, Region 7; Rural Bank of Dulag, Region 8; Rural Bank of Rizal, Region 9; Asian Hills Bank, Region 10; Partner Rural Bank of Cotabato, ARMM; Peninsula Rural Bank, Socsksargen; and Marikina Valley Rural Bank, National Capital Region.
For the thrift bank category, the most outstanding countryside financial institution (CFI) was First Consolidated Bank of Region 7.
Special awards will also be given to the Rural Green Bank of Caraga for best in capital build-up; Asian Hills Bank for best in profitability; Rural Bank of Kapatagan Valley for best in reciprocal business; Marikina Valley Rural Bank for best CFI availer - all loans category; Philippine Rural Banking Corp., best CFI availer - agri-agra loans category; and, Gateway Rural Bank for best CFI intermediary.
Aside from the citation, the awardees were also given incentives in the form of fixed assets to encourage more active participation in LANDBANK's countryside lending programs.
LANDBANK continues to provide financial assistance to CFIs, particularly for small and medium-scale entrepreneurs, microenterprises and co-ops. Teves reported that LANDBANK's cumulative loan releases to CFIs reached P61.75 billion as of August 31, 2003.
|Other Archived News|
|LANDBANK pushes for more animal manure and solid waste management ...|
|DBM-Procurement Service, LANDBANK launch PhilGEPS ePayment facilit...|
|LANDBANK launches LRA extension office/kiosk at head office|
|LANDBANK seals remittance agreement with Cebu Ace-Maritime Intíl.|