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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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LANDBANKPay Promo 1

LANDBANKPay Launching  Promo Mechanics:  1.    This promotion is open to all LANDBANKPay accountholders who perform the following transactions within the promo period: •    LANDBANKPay upgrading to full wallet •    Buy load transactions •    e-Commerce transactions •    Bills payment transactions •    Cash in transactions 2.    A cash incentive amounting to ₱100 will be credited to the qualified accountholders. 3.    There is no minimum amount required. 4.    Promo period is on April 22, 2022. Terms and Conditions:  •    Each qualified LANDBANKPay user will be entitled to one (1) cash credit/incentive per transaction, regardless of the number of transactions performed during the Promotion Period; specifically, one (1) LANDBANKPay upgrade to full wallet, one (1) buy load transaction, one (1) e-    Commerce transaction, one (1) bills payment transaction, and one (1) cash in transaction; totaling to a maximum of ₱500 per user. •    By joining this promo, the LANDBANKPay accountholder confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions.

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LANDBANKPay Promo 2

LANDBANKPay Launching  Promo Mechanics:  1.    This promotion is open to all LANDBANKPay accountholders who perform the following transactions within the promo period: •    LANDBANKPay upgrading to full wallet •    Buy load transactions •    e-Commerce transactions •    Bills payment transactions •    Cash in transactions 2.    A cash incentive amounting to ₱100 will be credited to the qualified accountholders. 3.    There is no minimum amount required. 4.    Promo period is on April 22, 2022. Terms and Conditions:  •    Each qualified LANDBANKPay user will be entitled to one (1) cash credit/incentive per transaction, regardless of the number of transactions performed during the Promotion Period; specifically, one (1) LANDBANKPay upgrade to full wallet, one (1) buy load transaction, one (1) e-    Commerce transaction, one (1) bills payment transaction, and one (1) cash in transaction; totaling to a maximum of ₱500 per user. •    By joining this promo, the LANDBANKPay accountholder confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions.

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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, 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 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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TCW 2022

Land Bank of the Philippines (LANDBANK) joins the Trust Officers Association of the Philippines (TOAP) in celebrating Trust Consciousness Week 2022 from 25 April to 29 April 2022 with the theme, “Future Proofing Trust: Thriving Beyond 2022”. Visit https://www.landbank.com/trust-banking for more information on LANDBANK's Trust Products and Services. #ServingTheNation #BankingOnTheFilipinoSpirit

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CCW 2022

Land Bank of the Philippines (LANDBANK) joins the celebration of Credit Consciousness Week 2022 from 24-30 April 2022. #ServingTheNation #BankingOnTheFilipinoSpirit #CCWeek2022

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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’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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