(top photo) LANDBANK President and CEO Lynette V. Ortiz (middle) leads the onboarding of Hinigaran Multi-Purpose Cooperative (HMPC) and Guimaras Employees Multi-Purpose Cooperative (GEMPC) as new LANDBANKasama Partners in Western Visayas alongside other LANDBANK officials and officers on 7 December 2023 at the Iloilo Provincial Capitol, Iloilo City. (bottom-left photo) Department of Social Welfare and Development (DSWD) Assistant Regional Director Joselito G. Estember (middle) and other DSWD officers and staff join the rollout, where (bottom-right photo) beneficiaries of the Conditional Cash Transfer (CCT) Program successfully withdraw funds conveniently as assisted by LANDBANKasama Partners.
ILOILO CITY – In stride with extending greater financial access to Western Visayans, the Land Bank of the Philippines (LANDBANK) onboarded two new LANDBANKasama Partners on 7 December 2023 at the Iloilo Provincial Capitol, Iloilo City.
Under the LANDBANKasama Program, the state-run Bank is partnering with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services on behalf of the Bank to areas with limited or no accessible banks.
The new LANDBANKasama Partners – Hinigaran Multi-Purpose Cooperative (HMPC) and Guimaras Employees Multi-Purpose Cooperative (GEMPC) – will enable Western Visayans to enjoy convenient banking services without having to travel long distances to other towns to transact at the nearest LANDBANK branch.
"Through LANDBANKasama, we are leveraging the power of digital banking and strategic local partnerships to provide basic banking services to remote, underserved, and unbanked communities nationwide. We look to advance greater financial access to clients and stakeholders who need our services the most," said LANDBANK President and CEO Lynette V. Ortiz.
President Ortiz led the LANDBANKasama rollout with Provincial Government of Iloilo Vice Governor Christine S. Garin and Administrator Dr. Raul N. Banias, and Department of Social Welfare and Development (DSWD) Assistant Regional Director Joselito G. Estember. They were joined by new LANDBANKasama Partners represented by HMPC Project Manager Happy Elaine G. Aguilar and GEMPC Manager Raymundo Lao, alongside LANDBANK Director Nancy D. Irlanda, and First Vice Presidents Vivian M. Cañonero and Ma. Elenita N. Manucom, among other local and LANDBANKasama Partners.
The HMPC touchpoint located at San Agustin Heights, Brgy. Narauis, Hinigaran, Negros Occidental, will help serve the banking requirements of all 24 barangays and nearby municipalities of Isabela and Pontevedra.
Meanwhile, the GEMPC partner at San Miguel, Jordan, is expected to bring financial access closer to all of the five municipalities of Guimaras, namely Buenavista, Jordan, Nueva Valencia, San Lorenzo, and Sibunag.
Financial inclusivity through innovative partnerships
LANDBANKasama is a rebrand of the Bank’s Agent Banking Program (ABP), called as such to better captures the goals of the Program to create strategic points of banking access and promote collaboration towards expanding financial inclusion.
LANDBANKasama Partners offer various services including cash withdrawal, cash deposit, fund transfer, bills payment, and balance inquiry, and benefit beneficiaries of the Conditional Cash Transfer (CCT) program of the DSWD, as well as government employees, teachers, students, and other private clients in the area.
Aside from LANDBANK prepaid accounts, LANDBANKasama also now allows clients to make transactions using their LANDBANK savings accounts.
The Program also seeks to empower and benefit customers through lower transaction costs, and enable potential savings on travel and associated expenses for clients located outside of municipal or city centers.
With the onboarding of the two partner cooperatives, LANDBANK has a network of 1,086 LANDBANKasama Partners nationwide, 129 of which are in the Western Visayas Region.
LANDBANK remains steadfast with its commitment to deliver innovative and inclusive financial services to all Filipinos, extending its reach to serve even the most remote communities nationwide.
LANDBANK welcomes RCEF extension until 2031
LANDBANK welcomed the recent passage of Republic Act No. 11954 as amendment to the Rice Tariffication Law (RTL), and expressed full support for the extension of the Rice Competitiveness Enhancement Fund (RCEF) for another seven years, aimed to accelerate modernization in the rice sector and strengthen the resilience and productivity of Filipino rice farmers. As one of the implementers of RCEF in partnership with Department of Agriculture (DA), LANDBANK delivers credit assistance at low-interest rates with simplified processes to ensure accessibility for individual rice farmers and cooperatives in major rice producing provinces. Under the Expanded Rice Credit Assistance of the Rice Competitiveness Enhancement Fund (ERCA-RCEF), LANDBANK has extended P2.89 billion in loans to support rice production and post-harvest activities from 2019 to 2024. LANDBANK’s loans have benefitted 17,767 individual rice farmers and 270 cooperatives with more than 47,100 member-beneficiaries, which were channeled for palay production, milling and trading, re-lending, and the acquisition of farm machineries. Notably, 98% of LANDBANK’s direct borrowers under the program are individual rice farmers. “LANDBANK fully supports the RCEF extension towards strengthening our collective efforts to empowering Filipino rice farmers and boosting agricultural competitiveness. This significant step will bolster food security and sustainability, and the Bank stands ready to continue its active role in supporting this initiative,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK has remained faithful to its social mandate of promoting inclusive and sustainable development as the biggest credit provider to the agriculture sector servicing all components of the agriculture value chain. As of October 2024, the Bank has extended outstanding loans amounting to P769.68 billion in support of agriculture, fisheries and rural development under Republic Act No. 11901, otherwise known as “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” LANDBANK’s investments in promoting countryside development of P769.68 billion represents 55.5% of the Bank’s total P1.387 trillion gross loan portfolio. The Bank has also assisted a total of 3.93 million small farmers and fishers nationwide through loans and various support interventions. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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LANDBANK maintains top GOCC status, bags multiple governance awards
Director Virginia N. Orogo (5th from right) accepts the award on behalf of LANDBANK for being the top GOCC in corporate governance for 2023 from Executive Secretary Lucas P. Bersamin (6th from right), GCG Chairperson Atty. Marius P. Corpus (7th from right), and GCG Commissioners Atty. Brian Keith F. Hosaka (8th from right) and Atty. Geraldine Marie Berberabe-Martinez (rightmost) during the 2024 GCG Awards Ceremony on 25 November 2024 at the PICC Complex in Pasay City. Joining them are LANDBANK Executive Vice President Liduvino S. Geron (4th from right), Senior Vice President Atty. Roderick P. Sacro (leftmost), and Vice Presidents Atty. Myra-Lyn S. Peñalosa (3rd from right), May D. Arizabal (2nd from right), and Atty. Nikkolas G. Tolentino (9th from right). (Photo credits to GCG) LANDBANK was named the top government-owned and controlled corporation (GOCC) for the second consecutive year, earning the highest rating for corporate governance in 2023 from the Governance Commission of GOCCs (GCG). The state-run Bank garnered an unprecedented rating of 104% on the GCG’s Corporate Governance Scorecard (CGS), exceeding the rating ceiling of 100%. The CGS is an evaluation tool that assesses the corporate governance practices of GOCCs, using a methodology aligned with international standards. “Being recognized anew as the top GOCC for corporate governance reflects LANDBANK’s steadfast commitment to transparency, accountability, and excellence in public service. This recognition drives us further to continuously foster a culture of good governance, ensuring that we remain a reliable and trusted partner in promoting inclusive and sustainable growth across the nation,” said LANDBANK President and CEO Lynette V. Ortiz. Executive Secretary Lucas P. Bersamin, alongside GCG Chairperson Atty. Marius P. Corpus and Commissioners Atty. Brian Keith F. Hosaka and Atty. Geraldine Marie Berberabe-Martinez, conferred the award to LANDBANK during the 2024 GCG Awards Ceremony at the PICC Complex in Pasay City. LANDBANK Director Virginia N. Orogo received the award on behalf of the Bank, along with Executive Vice President Liduvino S. Geron, Senior Vice President Atty. Roderick P. Sacro, and Vice Presidents Atty. Myra-Lyn S. Peñalosa, May D. Arizabal, and Atty. Nikkolas G. Tolentino. LANDBANK also ranked among the top-ranking GOCCs in the 2023 GCG Performance Evaluation System (PES), which measures the achievements of GOCCs based on performance criteria, targets, and weighted indicators outlined in the Performance Scorecard. In addition, LANDBANK received a Sustainability Award for its outstanding commitment to sustainability values and practices. The Bank was further lauded for consistently achieving high scores in the "Responsibilities of the Board" section of the Corporate Governance Scorecard and for adhering to the Global Reporting Initiative (GRI) Standards in its Sustainability Reporting for calendar years 2021 to 2023. LANDBANK has long been committed to upholding the highest ethical standards while faithfully fulfilling its role in nation-building. In 2024, the Bank remitted a record-setting P32.119 billion in cash dividends to the National Government—the highest in the Bank’s history and among all GOCCs—to support the country’s priority infrastructure projects and socio-economic programs. From governance to sustainability, LANDBANK continues to set benchmarks for excellence in the public sector, solidifying its role as a key and reliable partner in empowering the country’s drive toward inclusive progress. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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LANDBANK remains financially strong, regulatory compliant
LANDBANK reaffirms its financial strength and stability, following the Bank’s P50-billion contribution to the Maharlika Investment Fund (MIF), and remains fully committed to its mandate as a reliable partner to the national government’s inclusive development agenda. The state-run Bank has consistently met and exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for Capital Adequacy Ratio (CAR)—a critical benchmark of financial health—as it stays financially robust with no urgent need for additional capital. Earlier this year, LANDBANK remitted P32.119 billion in cash dividends to the National Government—the highest among all Government Owned and Controlled Corporations (GOCCs) and in the Bank’s history. This milestone reflects the Bank's sustained financial strength and ability to generate consistent revenues while fulfilling its developmental mandate. As of 30 November 2024, LANDBANK’s CAR remains at a healthy level of 16.42% which is well above the 10% regulatory threshold, further demonstrating the Bank’s resilience against financial and operational risks. Following the P50-billion seed capital allocation to the MIF in September 2023, LANDBANK’s CAR stood at 16.20%, remaining comfortably above regulatory requirements and reflecting the Bank’s commitment to financial stability. The Bank also clarified that regulatory relief was sought from the BSP as a proactive measure to maintain resilience. LANDBANK has consistently adhered to prudent financial management practices, effectively utilizing its resources to promote agriculture, fisheries and rural development, and empower key development sectors. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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