LANDBANK brings products and services closer to farmers and fishers in Cotabato Province

Wednesday, July 31, 2019

Land Bank of the Philippines (LANDBANK), together with the Provincial Government of Cotabato, will be organizing a road show on July 31, 2019 (Wednesday) to bring the Bank’s loan products and services closer to those who need it the most – farmers, fishers, and micro, small and medium enterprises (MSMEs).

The event, slated in Kidapawan City, is co-organized with the Office of Cotabato Governor Nancy Catamco. It will bring together an estimated 600 farmers, fishers, MSMEs, cooperatives and including indigenous peoples (IPs).

“As we push forward with our aggressive thrust to promote greater financial inclusion, LANDBANK is continuously banking on partnerships with LGUs to bring financial services closer to more unbanked and underserved Filipinos. We hope to replicate this event in other provinces,” said LANDBANK President and CEO Cecilia C. Borromeo.

Since 2016, LANDBANK has been conducting its Financial Inclusion Caravan nationwide to promote financial literacy where the Bank partners with 3rd to 6th class municipalities to bring banking services closer to communities. The Caravan has helped roughly 10,000 underserved Filipinos learn more about formal banking and other services, with most of them opening their very first savings accounts.

Also invited in the Cotabato road show are clients who already availed of the programs of the Bank. They will share their experiences on availing the financial assistance and how it helped them grow their businesses.

As of June 30, 2019, loans extended by the Bank to the agriculture sector reached P177.32 billion, which is 22.17% of the Bank’s total loan portfolio of P799.64 billion. Of the P177.32 billion, P119.52 billion in loans were extended to agribusiness; P2.59 billion for aqua-business; and P55.21 billion for agri-aqua related projects of local government units (LGUs) and government owned and controlled corporations (GOCCs).

LANDBANK Cotabato Lending Center account officers will be available during the day-long event to accommodate queries from participants coming from the 17 municipalities and one city of Cotabato Province.