The stockholders of the United Coconut Planters Bank (UCPB) have approved the merger plan with the Land Bank of the Philippines (LANDBANK), effectively advancing the ongoing fusion of the two government banks into a unified and stronger institution for promoting inclusive and sustainable development. Shareholders representing 97.2% of the total outstanding capital stock of UCPB voted in favor of the Plan of Merger and Articles of Merger between UCPB and LANDBANK during the UCPB stockholders meeting held on 14 December 2021. As the surviving entity of the merger, LANDBANK’s total assets will grow to close to P3.0 trillion, further solidifying its position as the country’s second-largest bank in terms of assets. As of the first nine months of the year, LANDBANK’s net income grew by 21.2% to P16.72 billion from P13.8 billion in the same period last year, raising total assets by 13.6% to P2.564 trillion from P2.257 trillion. The Bank’s capital also rose by 25.77% to P208.17 billion from P165.52 billion year-on-year. LANDBANK has also consistently complied with the Agri-Agra Law, with the Bank's agriculture loans reaching 76.95% of its total lending portfolio and 11.52% for agrarian reform credit as of December 2020. Coconut farmers and other workers in the agricultural sector stand to benefit most from LANDBANK's enhanced financial muscle, as evidenced by the Bank's consistently growing agriculture lending from P222.05 billion in 2018, to P236.31 billion in 2019, and P237.62 billion in 2020. Customers of LANDBANK and UCPB will also gain access to a wider branch and ATM network, with a combined 667 branches and 2,722 ATMs nationwide, and benefit from a wider range of products and services. “With this merger, we are looking forward to a stronger, more resilient and unified banking institution that will promote and broaden financial inclusion among Filipinos, especially those who belong to the underserved and unbanked sectors,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK also reiterated that it is more than capable of absorbing the financial impact of the merger with UCPB, as its assets and liabilities will similarly expand total deposits, loans, and capital. Meanwhile, LANDBANK assured the customers of both banks that deposits will remain intact and secured in their current servicing branches, as banking services will continue to be unhampered and uninterrupted, while ensuring that the rights of all shareholders are upheld and protected. The merger between LANDBANK and UCPB is pursuant to Executive Order No. 142 signed by President Rodrigo Duterte on 25 June 2021, which approved the merger to form a better capitalized and more resilient institution that will play a principal role in the National Government’s development and financial inclusion agenda.
READ MORE(left photo) Candaba Mayor Rene E. Maglanque (left), Candaba Vice Mayor Michael Dan V. Sagum (right), and LANDBANK Central Luzon Branches Group Head, Senior Vice President Sylvia C. Lim (center) lead the opening of the LANDBANK Candaba, Pampanga Agri-Hub (right photo) located at Candaba-Sta. Ana Road, Pasig, Candaba, Pampanga. The LANDBANK Echague Agri-Hub at Echague-Poblacion Road, San Fabian, Echague, Isabela, officially opens with LANDBANK North Luzon Branches Group Head, Senior Vice President Mabel T. Turla (5th from right), Echague Agri-Hub Head Ms. Josephine A. Lorenzo (rightmost), and the Sangguniang Bayan (SB) Members of Echague leading the inauguration. Land Bank of the Philippines (LANDBANK) capped-off 2021 with the inauguration of its two Agri-Hubs located in Candaba, Pampanga, and Echague, Isabela, as part of the Bank’s commitment to bring financial services closer to more farmers and fishers in the country’s top rice-producing provinces. The LANDBANK Candaba Agri-Hub is expected to provide banking, lending and agrarian services to local development players, including 22,011 farmers from Candaba’s 33 barangays including the adjacent towns of San Luis, Sta. Ana, and Arayat. As part of the Bank’s continuing thrust of expanding touchpoints in key strategic areas nationwide, the newest Agri-Hub will also complement seven existing LANDBANK Branches and 50 ATMs in Pampanga. Candaba Mayor Rene E. Maglanque, Vice Mayor Michael Dan V. Sagum, and LANDBANK Central Luzon Branches Group Head, Senior Vice President Sylvia C. Lim led the inauguration of the LANDBANK Candaba Agri-Hub on 28 December 2021. “I know that the construction and opening of LANDBANK Candaba Agri-Hub will attract more investors to our Municipality because we now have a credible bank. We are now one step closer to the realization of our development plans because of LANDBANK,” said Mayor Maglanque. Located at the LGU Government Center, Candaba-Sta. Ana Road, Pasig, Candaba, Pampanga, the LANDBANK Candaba Agri-Hub is the seventh to open nationwide. Meanwhile, the LANDBANK Echague Agri-Hub is the first Agri-Hub in the province of Isabela and eighth in the country, located at Echague-Poblacion Road, San Fabian, Echague, Isabela. Initially opened on 29 December 2020, the LANDBANK Echague Agri-Hub provides financial and technical services, with a stronger focus on supporting more than 4,000 farmers and fisherfolk in the Municipality of Echague and other nearby municipalities. Aside from agriculture stakeholders, the Echague Agri-Hub also services various national and local government offices, private establishments, as well as micro, small, and medium enterprises (MSMEs) in the area. The LANDBANK Echague Agri-Hub was officially inaugurated on 29 December 2021 led by LANDBANK North Luzon Branches Group Head, Senior Vice President Ma. Belma T. Turla with support from local Sangguniang Bayan Members. LANDBANK Agri-Hubs offer banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns from landowners, bondholders, and agrarian reform beneficiaries (ARBs). The newly opened touchpoints raise the total Agri-Hubs in the country to eight, with the six other LANDBANK Agri-Hubs situated in Calabanga, Camarines Sur; Barotac Viejo, Iloilo; Sual, Pangasinan; Echague, Isabela; Sta. Maria, Ilocos Sur; and Rizal, Nueva Ecija. LANDBANK has grown its physical network to 412 branches and 71 branch-lite units as of end-2021—the only Bank with presence in all 81 provinces in the country. LANDBANK continues to expand its physical touchpoints to better serve the banking needs of customers across the country, especially in unbanked and underserved areas.
READ MOREState-run Land Bank of the Philippines (LANDBANK) has onboarded 7.2 million unbanked Philippine Identification System (PhilSys) registrants as of 31 December 2021, in line with its contribution to advance greater financial inclusion in the country. The onboarding is a result of LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA) at hundreds of registration sites nationwide for the PhilSys Project, where qualified unbanked registrants are provided with their own transaction accounts free-of-charge and with no initial deposit requirement. Of the 7.2 million onboarded national ID registrants nationwide, 1.6 million are from Central Luzon, 1.4 million from Eastern Mindanao, 1.2 million from Eastern Visayas, and 1.1 million from Western Visayas. “LANDBANK remains committed to reaching more of the unbanked population in support of the National Government’s financial inclusion agenda. We have so far made significant headway in bringing unbanked PhilSys registrants into the formal banking system, as we continue our strategic and fruitful partnership with the PSA,” said LANDBANK President and CEO Cecilia C. Borromeo. The carded PhilSys registrants have already utilized their LANDBANK prepaid cards for various transactions amounting to P86.1 million. These include loading cash into their accounts, withdrawals at Automated Teller Machines (ATMs), and making payments via point-of-sale (POS) terminals and online, among others. Unbanked PhilSys registrants may sign up for LANDBANK transaction accounts once they complete the ongoing PhilSys Step 2 registration process, which covers validating supporting documents and capturing biometrics information. Meanwhile, the state-run Bank clarified anew that the LANDBANK prepaid cards being issued to unbanked national ID registrants are not pre-loaded with government subsidy or ‘ayuda’, in response to fake news circulating in social media. LANDBANK reaffirms its support to the National Government’s target of providing at least one bank account for every Filipino household equivalent to 13.5 million accounts throughout the whole co-location partnership with the PSA.
READ MOREState-owned Land Bank of the Philippines (LANDBANK) wrapped up 2021 by further expanding touchpoints in key strategic areas nationwide, as part of its thrust of promoting greater financial inclusion and providing a more delightful banking experience to customers. LANDBANK’s total branch network reached 489 branches and branch-lite units across all 81 provinces nationwide as of 31 December 2021. The Bank also has the second largest automated teller machine (ATM) network in the country with 2,513 ATMs, complemented by 222 cash deposit machines (CDMs) for safe and convenient cash withdrawals and deposits. “Amid the increasing usage of online banking under the new normal, LANDBANK branches and other physical touchpoints remain equally important in servicing our customers. With our aggressive network expansion, we also ensure that health protocols are strictly followed in all our facilities for the safety of our clients and employees,” said LANDBANK President and CEO Cecilia C. Borromeo. Last year, LANDBANK, the only Bank present in all provinces in the country, opened a total of 15 branches and branch-lite units, composed of seven branches, one branch-lite, five agri-hubs and two mobile branches. A total of seven new LANDBANK branches were inaugurated in Bunawan, Agusan del Sur; Paranas, Samar; Real, Quezon; La Carlota City, Negros Occidental; Poro, Cebu; and M’lang and Libungan in Cotabato, as well as a LANDBANK branch-lite unit in Sta. Ana, Cagayan. Five LANDBANK Agri-Hubs were opened in Sta. Maria, Ilocos Sur; Rizal, Nueva Ecija; Bago City, Negros Occidental; Baggao, Cagayan; and Candaba, Pampanga, to bring financial and technical services closer to farmers and other agriculture stakeholders. Located strategically in the top rice-producing provinces in the country, the LANDBANK Agri-Hubs provide banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns from landowners, bondholders, and agrarian reform beneficiaries (ARBs). The Bank also added three Lending Centers in Tandag, Surigao del Sur; Kalibo, Aklan; and La Trinidad, Benguet, for a total of 58 Lending Centers nationwide. LANDBANK Lending Centers provide accessible financial services and affordable credit assistance to various sectors, notably local government units (LGUs), small and medium enterprises (SMEs), ARBs, and small farmers and fishers for agriculture production, equipment acquisition, and working capital. To reach more unbanked and underserved communities, LANDBANK also rolled out two units of mobile branches housed in six-wheeler trucks. These units are to be deployed in areas with disrupted banking services and for emergency disbursements or cash subsidy payouts under the social amelioration programs of government agency partners.
READ MOREIn line with the National Women’s Month celebration this March, the Land Bank of the Philippines (LANDBANK) reported that its gender and development (GAD) budget attribution reached more than 50% of its corporate operating budget (COB) for 2022. LANDBANK’s GAD budget attribution is an all-time high and an exponential increase from 9.33% in 2021, meant to further mainstream GAD in the Bank’s policies, programs, and activities. As part of its continued commitment to advance gender equality and women empowerment, the state-run Bank’s unprecedented GAD budget is expected to translate to the delivery of more inclusive and gender-responsive services, especially for unbanked and underserved women in the country. This initiative also forms part of LANDBANK’s compliance with Republic Act No. 9710 or the Magna Carta of Women (MCW), which requires that at least 5% of the COB be attributed to GAD, as overseen by the Philippine Commission on Women (PCW). “LANDBANK has made significant strides in promoting GAD initiatives. We shall continue to sustain and intensify these efforts to mainstream gender equality and women empowerment, which includes exploring avenues for integrating gender-sensitive policies in all our processes and programs,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s GAD budget for 2022 will fuel the roll-out of GAD-related programs, such as client consultations on gender needs, conduct of gender sensitivity trainings, and evaluation of lending programs for the advancement of GAD. LANDBANK also supports the National Government’s gender mainstreaming agenda through the creation of Regional GAD Focal Point Systems, grant of leave benefits under the MCW, and adoption of activities recommended by PCW, among others. Lastly, the Bank actively supports the implementation of Republic Act No. 11313 or The Safe Spaces Act through information campaigns on zero-tolerance of gender-based sexual harassment in the workplace and other public areas. For more details about LANDBANK’s GAD initiatives, visit the LANDBANK GAD Corner on its official website at www.landbank.com/gad-corner.
READ MOREPresident Duterte’s all-out support for the Land Bank of the Philippines (LANDBANK) through a capital infusion that is the largest compared to the combined amounts that the institution had received under previous administrations has expanded financial inclusion among Filipinos and provided better services to the underserved sectors of the economy, Finance Secretary Carlos Dominguez III has said. Dominguez said that at the homestretch of the Duterte administration, LANDBANK’s total equity will have grown to P230.4 billion by end-April, which represents a 160-percent increase from its P88.7-billion capital when the President took office in 2016. This feat has made LANDBANK the second largest universal bank and the bank with the highest paid-in capital in the country, Dominguez said. The state-run lender’s financial strength under President Duterte has been used to provide low-interest loans to underserved sectors, especially small farmers and fisherfolk; and extend support to broad sections of the economy, such as healthcare, education, power generation and distribution, water, transportation, and housing, said Dominguez who is also LANDBANK chairman. He said LANDBANK has extended financing support for the construction of over 200 hospitals and the procurement of more than 20,000 patient beds. “Early in your administration, I asked for your permission to allow the Land Bank of the Philippines to expand its asset base and scope of services. You not only gave your permission but also your total support to enable LANDBANK to achieve these goals. It is your administration, Mr. President, that has infused the largest amount of capital into LANDBANK compared with the combined amounts under all other administrations,” Dominguez said during LANDBANK’S historic turnover of 1.36 billion shares of common stock to the government. These new shares of stock in the name of the Republic of the Philippines is worth P136.2 billion. President Duterte received the stock certification from LANDBANK on behalf of the government at Malacañan Palace Monday night. Dominguez said LANDBANK’s capital increase has been prudently managed and used, as the President instructed, to extend more loans to the agriculture sector. By year-end 2021, LANDBANK’S loan portfolio for the agriculture sector stood at P247.9 billion, an 80-percent increase from the P137.6 billion in 2015, Dominguez said. To assist the President in realizing his goal of inclusive and sustainable growth, LANDBANK is also the biggest lender to the local government units (LGUs). “The robust capital infusion reinforced LANDBANK’s financial strength and allowed it to be an effective partner of the government in advancing its development agenda. We have used that strength to better serve the Filipino people,” Dominguez said. LANDBANK’S total equity of P88.7 billion in 2015 steadily rose when President Duterte took office, from P152.49 billion in 2019 to P177.64 billion in 2020, and to P207.68 billion in 2021. “On behalf of the men and women of LANDBANK, I would like to thank you, Mr. President, for the strongest support any President has provided for this institution,” Dominguez said. Dominguez said LANDBANK’s support to other sectors of the economy “will help revive our enterprises and stimulate domestic economic activity.” On top of fulfilling its role as a policy bank, Dominguez said LANDBANK also took the lead in modernizing the banking sector by being instrumental in the establishment of the Overseas Filipino Bank (OFBank), officially the first branchless digital-only bank in the country that now serves overseas Filipinos in 116 countries. “Through your fulfilled promise to our workers abroad, they can now open bank accounts anywhere in the world, conveniently send money to their families, and save as well to grow their hard-earned incomes. They don’t have to go to a branch, they only have to use their cellphone or computer,” Dominguez said. Dominguez also cited LANDBANK’S successful merger with the financially ailing United Coconut Planters Bank (UCPB) that took effect last March 1. “I am pleased to report, Mr. President, that it has successfully implemented this merger with no major glitches or problems. Through the merger, we have reduced the risk of around 87 billion pesos in potential losses for the Philippine Deposit Insurance Corp. (PDIC) by putting the financially weak UCPB under the financially strong LANDBANK,” Dominguez said. He commended outgoing LANDBANK President-CEO Cecilia Borromeo; Executive Vice Presidents Liduvino Geron, Carel Halog, Julio Climaco, Alan Bornas; and Senior Vice President Benjamin Bongolan for their almost three years of hard work and participation in making the LANDBANK-UCPB merger deal happen. Dominguez said that as the distribution arm of the government’s social protection programs, LANDBANK’S cash transfers of P45.5 billion in 2015 to a total of 4.4 million beneficiaries grew to P133.6 billion in 2021 that benefited 10 million recipients nationwide. “LANDBANK’s role in this effort served us well during the pandemic. The Bank will be instrumental in cushioning the impact of the Russia-Ukraine conflict for the most vulnerable sectors of the economy, because the amount you approved of 500 pesos per vulnerable family per month for 6 months will be coursed through LANDBANK. They will be the one to distribute the money through the bank accounts,” Dominguez said. In helping achieve President Duterte’s goal of financial inclusion, LANDBANK provided bank accounts for 7.2 million previously unbanked national ID registrants, and will provide 6.3 million more bank accounts for unbanked Filipinos. “This is the most effective instrument in building a truly inclusive financial system,” Dominguez said. “Overall, I am happy to report that LANDBANK continues to be strong, stable and professionally managed,” he added. This article was lifted from DOF's website (www.dof.gov.ph)
READ MOREThe Land Bank of the Philippines (LANDBANK) now has a total of 896 agent banking partners (ABPs) nationwide as of 31 January 2022, tapped to deliver banking services to unbanked and underserved communities nationwide. These accredited ABPs are operating in behalf of LANDBANK in Metro Manila and 81 provinces, which include remote areas in Apayao, Catanduanes, Cagayan, Ifugao, Siquijor, Tawi-Tawi, and Dinagat Islands, among others. The ABPs can offer services which include cash out, cash in, fund transfer, bills payment, and opening and issuance of LANDBANK Agent Banking Cards. In January 2022 alone, a total of 469,056 transactions amounting to P2.24 billion have been facilitated by LANDBANK ABPs. “The expansion of our Agent Banking Program is reflective of LANDBANK’s steadfast commitment to advance financial inclusion in the country. Our partnerships translate to improved access to financial services and lower transaction costs for the benefit of our customers in unbanked and underserved communities,” LANDBANK President and CEO Cecilia C. Borromeo said. Under the Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), and micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no LANDBANK presence. The LANDBANK Agent Banking Program is in accordance with the Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, which allows the contracting of cash agents to perform selected banking services on the Bank’s behalf, to exponentially expand reach and service more clients. LANDBANK also continues to co-locate with the Philippine Statistics Authority (PSA) in registration centers nationwide to provide unbanked Philippine Identification System (PhilSys) registrants with transaction accounts, free-of-charge. A total of 7.5 million registrants have been onboarded as of 16 February 2022.
READ MOREThe Land Bank of the Philippines (LANDBANK) unveiled a new brand promise of ‘Serving the Nation,’ embodying its full commitment to assist various sectors of the economy and help contribute to the country’s collective recovery. In a virtual launch held on March 28—streamed live on LANDBANK’s Facebook Page (@landbankofficial) and YouTube Channel (/landbankofficial)—LANDBANK highlighted its expanded and unique role in providing intensified support to the country’s agriculture sector alongside serving the requirements of key development industries. “Through the years, LANDBANK has fully transformed into a development-oriented institution. Aside from being the biggest credit provider to the agri sector, LANDBANK is serving as a vital partner of the National Government in advancing its inclusive development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo. As of 31 December 2021, LANDBANK’s agricultural loans reached P247.85 billion assisting over 3.2 million small farmers and fishers nationwide through regular loan programs, including special lending programs administered for the Department of Agriculture (DA) and the Department of Agrarian Reform (DAR). The Bank also extended P68.9 billion in outstanding loans to local government units (LGUs) as of end-December 2021—largely for agri-aqua projects, transportation, and healthcare initiatives—making LANDBANK the biggest development partner of the LGU sector in accelerating inclusive local development. LANDBANK’s financial support over the years have resulted in the delivery of various basic services and infrastructure facilities across the country, including the construction and improvement of 23,825 kilometers of farm-to-market roads, 239 hospital buildings, 20,153 hospital beds, 788 school buildings, 6,146 classrooms, and access to potable water for more than 2 million households. In partnership with different government agencies, LANDBANK also serves as the main distribution arm for the government’s social amelioration programs to vulnerable sectors severely affected by the COVID-19 pandemic, including the regular distribution of financial aid under the social protection programs of the Department of Social Welfare and Development (DSWD). The Bank is also closely working with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) for various transportation modernization initiatives. This includes the immediate delivery of P6,500 fuel subsidy to public utility vehicle (PUV) drivers challenged by the sudden rise in fuel prices under the Fuel Subsidy Program. To advance greater financial inclusion in the country, LANDBANK continues to partner with the Philippine Statistics Authority (PSA) to provide unbanked Philippine Identification System (PhilSys) registrants with their own transaction accounts free-of-charge. LANDBANK has onboarded 7.2 million previously unbanked Filipinos as of end-2021. Following the Bank’s recent merger with the former United Coconut Planters Bank (UCPB), LANDBANK further solidified its ranking as the second largest local bank in terms of assets, putting it in a better position to serve the whole agriculture sector and diverse customer base through its stronger financial muscle and extensive reach. As of 08 March 2022, LANDBANK’s branch network has expanded to 607 branches and 71 branch-lite units nationwide—the only Bank present in all 81 provinces in the country.
READ MOREThe 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.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (3rd from left), Bulacan State University President Dr. Cecilia S. Navasero-Gascon (5th from left), and Dr. Yanga’s Colleges, Inc. President Michael S. Yanga (4th from left) lead the inauguration of the LANDBANK Bulacan Corporate Center along McArthur Highway in Brgy. Dakila, Malolos City on 13 May 2022. Joining them are LANDBANK Executive Vice Presidents Julio D. Climaco, Jr. (leftmost) and Alan V. Bornas (rightmost), and LANDBANK Senior Vice President Randolph L. Montesa (2nd from left). MALOLOS CITY, Bulacan – Land Bank of the Philippines (LANDBANK) recently inaugurated a three-story corporate center along McArthur Highway in Brgy. Dakila, Malolos City to provide Bulaceños convenient access to a wide array of banking services. The LANDBANK Bulacan Corporate Center is designed as a one-stop shop for various banking and financial services, as it houses the Bank’s major touchpoints and offices. Located at the ground floor of the corporate center is the LANDBANK Malolos Highway Branch, which caters to nearby local government units, academic institutions, corporations, and individual depositors from the 51 barangays of Malolos City and the 29 barangays of the Municipality of Calumpit. Also situated in the building is the LANDBANK Bulacan Lending Center, which offers affordable financing for farmers and fishers, agribusinesses, micro, small and medium enterprises (MSMEs), countryside financial institutions, and local government units (LGUs), among others. LANDBANK President and CEO Cecilia C. Borromeo, Bulacan State University President Dr. Cecilia S. Navasero-Gascon, and Dr. Yanga’s Colleges, Inc. President Michael S. Yanga led the inauguration rites for the LANDBANK Bulacan Corporate Center on 13 May 2022. They were joined by LANDBANK Executive Vice Presidents Julio D. Climaco, Jr. and Alan V. Bornas, Senior Vice President Randolph L. Montesa, and other LANDBANK officials. “The LANDBANK Bulacan Corporate Center illustrates our continuing commitment to provide greater banking convenience and accessibility to our growing customers. We also hope that this serves as a landmark to generate livelihood and business opportunities to bolster Bulacan’s local economy,” said President and CEO Borromeo. Other LANDBANK field offices stationed in the Bulacan Corporate Center are the Bulacan Accounting Center, Field Legal Services, Area Legal Unit II, Property Valuation and Credit Information Department-Bulacan Field Team, and the Bulacan Loans Operations Field Unit. A dedicated space for the Commission on Audit Regional Office III was also provided within the corporate center. As of end-April 2022, LANDBANK has a total of 12 branches, one (1) lending center, and 51 automated teller machines (ATMs) across the Province of Bulacan. LANDBANK is the only bank present in all 81 provinces in the Philippines, with its continued expansion geared towards servicing the requirements of its diverse customer base, especially in unbanked and underserved areas.
READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.4 | 55.9 |
| JPY | 0.376062 | 0.390629 |
| EUR | 61.664004 | 64.057767 |
| GBP | 72.538526 | 75.35443 |
| HKD | 7.116675 | 7.647847 |
As of Wed, April 30, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558326 |
| Money Market Fund | 1.311473 |
| Money Market Plus Fund | 1.223865 |
| PERA Money Market Fund | 1.024157 |
| Medium-Term Bond Fund | 2.473735 |
| Bond Fund | 2.028301 |
| PERA Bond Fund | 1.202455 |
| Balanced Fund | 2.625609 |
| Growth Fund | 2.598945 |
| Alpha Equity Fund | 3.025756 |
| Blue Chip Equity Fund | 0.970814 |
| Equity Fund | 0.790417 |
| High Dividend Equity Fund | 1.009225 |
| US$ Money Market Fund | 1.432555 |
| Global $ Fund | 1.531474 |
