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‘Hala Bira!’ LANDBANK supports Dinagyang Festival 2023
ILOILO CITY – (left photo) Field officers and employees of the Land Bank of the Philippines (LANDBANK) dance to pounding drumbeats during the Dinagyang Festival parade on 21 January 2023. (right photo) A booth was also put up in front of the LANDBANK Iloilo Branch in Iznart Street to accommodate inquiries on the Bank’s products and services from attendees of the festival, which was sponsored in part by the Bank. LANDBANK is servicing the banking and financial needs of Ilonggos across the province through its 14 branches, 70 Automated Teller Machines (ATMs), 44 Agent Banking Partners (ABPs), and the Iloilo Lending Center in Iloilo City.
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LANDBANK, Sarangani LGU sign P1-B loan for development; partner for digital payments
LANDBANK President and CEO Cecilia Cayosa Borromeo (5th from left) and Sarangani Governor Rogelio D. Pacquiao (4th from left) lead the signing of a P1-billion loan Term Sheet to fund the province's development projects on 19 January 2023 at the Grand Summit Hotel in General Santos City. They are joined by Vice Governor Dr. Elmer T. De Peralta (3rd from left) and Provincial Administrator Atty. Ryan Jay R. Ramos (2nd from left), together with LANDBANK Senior Vice Presidents Leila C. Martin (6th from left) and Ma. Celeste A. Burgos (rightmost), with Vice President Eden B. Japitana (leftmost). GENERAL SANTOS CITY, South Cotabato – The Land Bank of the Philippines (LANDBANK) has committed to provide the Provincial Government of Sarangani with P1-billion worth of loans to fund the province's various development projects. LANDBANK President and CEO Cecilia Cayosa Borromeo and Sarangani Governor Rogelio D. Pacquiao signed the term sheet for the proposed loan on 19 January 2023 at the Grand Summit Hotel in General Santos City. They were joined by Vice Governor Dr. Elmer T. De Peralta, Provincial Administrator Atty. Ryan Jay R. Ramos, together with LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos, Leila C. Martin, Charlotte I. Conde, and Camilo C. Leyba, and Vice President Eden B. Japitana, among other Bank officers. “LANDBANK fully supports the vision for Sarangani Province to have a self-sustaining and globally competitive economy. Together, let us continue to explore more avenues for collaboration, in the service of your constituents, and the nation at large,” said President Borromeo. The loan was approved by the LANDBANK Board on 25 January 2023. Of the P1-billion loan, Sarangani eyes to allocate P500 million for the acquisition of several heavy equipment, P200 million for hospital and medical equipment, and P300 million for the establishment of the Provincial Agri-Fisheries Complex. "My heartfelt appreciation and gratitude to LANDBANK for gladly opening its doors, once again, to the Provincial LGU of Sarangani with its proposal to raise as much as P1 billion to fund the province's programs and projects," Governor Pacquiao said. The governor added that the funding support will "fuel the work of the Provincial LGU as we intensify our efforts in delivering more basic services to the people, as well as reach targeted goals for a more resilient, dynamic, and progressive Sarangani." Likewise, LANDBANK and the provincial local government of Sarangani signed a Memorandum of Understanding (MOU) for the use of LANDBANK’s electronic payment channel. Through the LANDBANK Link.BizPortal, Sarangani residents can now digitally pay for fees, dues, and charges to the provincial government in real-time and at their convenience with just a few clicks on their computers or mobile devices. The Provincial Government of Sarangani joins 1,136 government and private partner merchants nationwide that have been enrolled in the LinkBizPortal system, as of end-December 2022. From January to December 2022, the LANDBANK Link.BizPortal facilitated 5.8 million transactions with value of P11.6 billion, representing increases of 49% and 11%, respectively, year-on-year. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is also in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).
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LANDBANK, Israel Embassy explore partnership to boost PH development
LANDBANK President and CEO Cecilia Cayosa Borromeo (4th from left) and other Bank officers welcome Israeli Ambassador to the Philippines Ilan Fluss (3rd from left) on 17 January 2023 to discuss potential collaboration programs geared towards advancing innovation and development in the country. Joining them from Israel-based AgroStudies are CEO Yaron Tamir (2nd from left) and Deputy Inbal Shoval (leftmost). To further strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (LANDBANK) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss paid a courtesy visit to LANDBANK President and CEO Cecilia C. Borromeo at the LANDBANK Plaza on 17 January 2023. The principals discussed Israel’s modern technologies and best practices for possible adoption in the Philippines, to be supported by LANDBANK’s expertise in agriculture and development financing. “LANDBANK continues to explore strategic partnerships to help advance national development. We look forward to collaborate with the government towards the adoption of innovative technology and approaches, especially in the agriculture sector,” said LANDBANK President and CEO Cecilia Cayosa Borromeo, who was joined by Senior Vice President Elcid C. Pangilinan and Assistant Vice President Edgardo S. Luzano during the meeting. Ambassador Fluss was joined by representatives from AgroStudies, an international training center in Israel which offers agricultural internships to students from developing countries, led by its CEO Yaron Tamir and Deputy Inbal Shoval. A potential partnership to endorse qualified Filipino students to undergo advanced learning and skills development training in agriculture technology and innovation in Israel was also discussed, aimed to help develop a more sustainable agriculture sector in the country.
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President Marcos lauds LANDBANK’s virtual forum for agri players
President Ferdinand R. Marcos Jr. (leftmost), who is also Agriculture Secretary, extends his compliments to LANDBANK in the last run of the AgriSenso Virtual Forum on 05 January 2023, for supporting his administration’s development agenda towards revitalizing the agriculture sector. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (top row, rightmost) and LANDBANK President and CEO Cecilia Cayosa Borromeo (bottom row, rightmost) also delivered their messages, as Bank officers and other government partners lead the discussions on agri-mechanization, climate resilient agriculture, and greenhouse farming. President and concurrent Agriculture Secretary Ferdinand R. Marcos Jr. commended the Land Bank of the Philippines (LANDBANK) for supporting his administration’s development agenda for the agriculture sector through a series of virtual forums with local agri players to discuss present challenges and opportunities of growth. “I congratulate Land Bank of the Philippines for taking the initiative to advance this administration’s mission of revitalizing the agricultural sector through the AgriSenso Virtual Forums,” said President Marcos in his video message during the last run of the LANDBANK AgriSenso Virtual Forum on 05 January 2023. “This event is the perfect platform for key stakeholders to address matters of utmost urgency as we face modern-day challenges, along with the difficulties that have plagued the industry since time immemorial,” he added. For his part, Finance Secretary and LANDBANK Chairman Benjamin E. Diokno highlighted the crucial role of LANDBANK in supporting agri players by ensuring that the entire agri value chain has access to much-needed credit and other financial services, as he emphasized the importance of an efficient and modern agriculture sector to ensure food security and reduce poverty incidence. Apart from fostering collaboration among industry key stakeholders, LANDBANK President and CEO Cecilia Cayosa Borromeo said that the AgriSenso Virtual Forum is a good opportunity to offer LANDBANK’s financing programs and other support interventions. "LANDBANK fully supports the national government in realizing the development blueprint of this administration in modernizing the agriculture sector and achieving food sufficiency for the Philippines," she said. The seven sessions of the LANDBANK AgriSenso Virtual Forum, which ran from August 2022 to January 2023, gathered over 1,600 agricultural industry players and stakeholders nationwide to discuss key issues and concerns towards improving productivity and income. Each session was attended by industry experts from the Department of Agriculture (DA), Department of Agrarian Reform (DAR), and other concerned agencies who shared successful initiatives, industry challenges, and development plans of the National Government for each agriculture sub-sector. Moderated by LANDBANK Vice President for Corporate Affairs Vivian M. Cañonero, the last AgriSenso Virtual Forum put the spotlight on agri-mechanization, climate resilient agriculture and greenhouse farming as the latest developments in the agriculture sector. The forum highlighted the importance of adopting modern farming technologies to reduce production costs and post-harvest losses, and enable agri players to increase farm productivity and income. The forum featured Bureau of Agricultural and Fisheries Engineering (BAFE) Engr. IV Maria Evic Quigao, Philippine Center for Postharvest Development and Mechanization (PhilMech) Senior Science Research Specialist Engr. Allen Denver V. Mangaoil, LANDBANK Program Management Department I, Assistant Vice President Engr. Edgardo S. Luzano, and LANDBANK client Engr. Romeo S. Vasquez. In support of the country’s agricultural mechanization and transformation, LANDBANK offers the Agri-Mechanization Financing Program, with total cumulative loan releases of P687.7 million as of 30 November 2022 for the benefit of over 890 farmers. LANDBANK also provides credit assistance under the Climate Resilient Agriculture Financing Program, to promote climate change mitigation and adaptation initiatives towards climate resilient agriculture. The Bank’s total loan releases under this program reached P1.9 billion as of end-November 2022. Meanwhile, to help farmers shift towards a modern farming system through the adoption of greenhouse technology, LANDBANK is offering the Financing Program for Greenhouse Farming System. As of end-November 2022, the Bank has released a total of P8.6 million under the program. The LANDBANK AgriSenso Virtual Forum forms part of the Bank’s overall support to the agriculture sector, facilitated by the LANDBANK Corporate Affairs Group (CAG) together with the National Development Lending Sector (NDLS) – Lending Program Management Group (LPMG).
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LANDBANK caps off 2022 with 4 new Agri-Hubs for farmers, fishers
LANDBANK officers and local government officials lead the opening of four (4) new Agri-Hubs located in (clockwise from upper left) San Fernando, Bukidnon; Plaridel, Misamis Occidental; Bongabong, Oriental Mindoro; and Claveria, Misamis Oriental. This brings the total number of LANDBANK Agri-Hubs in the country to 16 as of end-2022, designed to deliver financial services closer to farmers and fishers nationwide. The Land Bank of the Philippines (LANDBANK) wrapped-up 2022 with the opening of four (4) new Agri-Hubs located in the provinces of Oriental Mindoro, Bukidnon, Misamis Occidental and Misamis Oriental, expanding its physical touchpoints to better serve farmers and fishers in the country. The state-run bank established the four Agri-Hubs in the last week of December, which will provide combined services of banking, lending and agrarian services to the country’s top rice-producing provinces, including unbanked and underserved rice farming areas. “Our continued expansion of LANDBANK Agri-Hubs across the country forms part of our commitment to deliver responsive and timely financial services to the agriculture sector, especially to small farmers and fishers. We strive to make our banking products and services more accessible especially in underserved areas to help boost agricultural production and build stronger local communities,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK opened its 13th Agri-Hub in the country in Plaridel, Misamis Occidental, to primarily serve over 23,000 farmers and fishers within the municipality and its neighboring town of Lopez Jaena under the leadership of Plaridel Agri-Hub Head Deborah L. Dalid. Plaridel Vice Mayor Neite Gornez and LANDBANK Calamba (Misamis Occidental) Branch Manager Gina P. Baliton graced the opening of the Plaridel Agri-Hub on 26 December 2022. LANDBANK established another Agri-Hub in Claveria, Misamis Oriental, to cater to the banking requirements of more than 13,000 farmers and fishers in the municipality. Claveria Mayor Meraluna L. Salvaleon-Abrogar, Vice Mayor Reynante L. Salvaleon, LANDBANK Vice Presidents Lina K. Pacio and Jimmy P. Arco, and Claveria Agri-Hub Head Marlita M. Cagas led the opening of the Claveria Agri-Hub on 28 December 2022. Meanwhile, the Agri-Hub in San Fernando, Bukidnon was inaugurated on 29 December 2022 by San Fernando Mayor Rogelio C. Yeke, Vice Mayor Levi C. Edma, LANDBANK Valencia Branch Head Madelyn A. Rodriguez and San Fernando Agri-Hub Head Agnesita M. Llauder to service the municipality’s 24 barangays, including 11,000 farmers and fishers. On the same day, a LANDBANK Agri-Hub in Bongabong, Oriental Mindoro was opened by Bongabong Mayor Elegio A. Malaluan, Vice Mayor Richard S. Candelario, LANDBANK Pinamalayan Branch Head Lizza Mae F. Camposano and Bongabong Agri-Hub OIC May Fatima Torres, to provide accessible financial services mainly to the 12,233 farmers and fishers in Bongabong. They were joined by Calapan Branch Head Ferdinand E. Abas, Roxas Mindoro Branch Head Lolita V. Apostol, Oriental Mindoro Lending Center OIC Elisa A. Laudencia, and Agrarian Operations Center IV Representative Henrich M. Ibaña. 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 opening of LANDBANK’s new Agri-Hubs raises the total number of the Bank’s Agri-Hubs in the country to 16, complementing the Bank’s 607 Branches and 58 Lending Centers nationwide, as of end-December 2022.
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Over 10,300 trike drivers to receive fuel subsidy
To ramp-up support for public utility vehicle (PUV) drivers amid rising fuel prices, the Land Bank of the Philippines (LANDBANK) and the Land Transportation Franchising and Regulatory Board (LTFRB) started distributing fuel subsidy worth P1,000 each to qualified tricycle drivers in the National Capital Region (NCR) and Regions I and III, on 10 January 2023. In partnership with the Department of the Interior and Local Government (DILG) and Local Government Units (LGUs), LANDBANK and LTFRB will disburse a total of P10.3 million to an initial 10,343 eligible tricycle drivers under the LTFRB’s Fuel Subsidy Program. “LANDBANK is committed to complete the distribution of fuel subsidy to all eligible tricycle beneficiaries in the most immediate time. We are one with our national and local partners in providing immediate support interventions to PUV drivers nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. All eligible tricycle drivers under the Fuel Subsidy Program, as identified by the DILG and LTFRB, can claim their subsidies via over-the-counter (OTC) transactions at designated LANDBANK branches nationwide. A representative from the concerned LGU will be present during the scheduled distribution of the fuel subsidy to verify the eligibility of the beneficiaries. To ensure the orderly distribution of the fuel subsidy, the LTFRB, DILG, and concerned LGUs informed the tricycle driver-beneficiaries prior to the payouts of the details of the distribution, such as the schedule of the distribution, the designated LANDBANK servicing branch nearest the beneficiary to facilitate the distribution, and the requirements to be presented to claim the fuel subsidy. The complete list of LANDBANK servicing branches and other reminders have also been posted on LANDBANK’s official social media channels, including Facebook @landbankofficial, Twitter @LBP_Official, and the LANDBANK Viber Community. In partnership with various government agencies, LANDBANK is the national government’s primary distribution arm for financial interventions as part of its commitment to serving the nation.
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LANDBANK AgriSenso: technical, credit assistance available to boost plantation crops
(clockwise from upper left) Department of Agriculture (DA) Bureau of Plant Industry Officer-in-Charge - Director Gerald Glenn F. Panganiban; LANDBANK Corporate Affairs Group Head, Vice President Vivian M. Cañonero; LANDBANK Program Management Department I Head, Assistant Vice President Edgardo S. Luzano; Kennemer Foods International, Inc. President Simon Bakker; and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) Operations Manager Mark Horace E. Gregorio lead the sixth run of the LANDBANK AgriSenso Virtual Forum, which puts the spotlight on boosting the production of plantation crops in the country. The Land Bank of the Philippines (LANDBANK) gathered farmers and stakeholders to discuss the National Government’s support interventions to boost the local production of plantation crops, as part of the Bank’s commitment to serve the diverse requirements of the agriculture sector. During the sixth run of the LANDBANK AgriSenso Virtual Forums, Department of Agriculture (DA) Bureau of Plant Industry OIC-Director Gerald Glenn F. Panganiban, Ph.D. and LANDBANK Assistant Vice President Edgardo S. Luzano led the discussions on the available technical and credit assistance for farmers engaged in the production of plantation crops, such as banana, cacao, coffee, rubber and pineapple. They were joined by Kennemer Foods International, Inc. President Simon Bakker and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) Operations Manager Mark Horace E. Gregorio, who shared how LANDBANK’s affordable financing programs helped expand their operations and boost their income. For his part, DA OIC-Director Panganiban shared updates on the local industries of plantation crops as well as challenges experienced by the subsector, which include limited infrastructure and post-harvest facilities, high cost of production, and limited access to quality planting materials, among others. To address these challenges, he presented various support interventions for farmers under the DA’s High-Value Crops Development Program (HVCDP), including the distribution of planting materials, machineries and equipment, construction of facilities, and capacity building activities for farmers. LANDBANK lending programs Meanwhile, LANDBANK Assistant Vice President Luzano presented LANDBANK’s available credit programs to further strengthen support for the various industries of plantation crops. Under the Sulong Saka Program, LANDBANK can finance the production of high-value crops and other related projects, such as the establishment of nursery, budwood/mother plant/parent clone gardens, as well as the establishment of new plantations, and the replanting, rejuvenation and rehabilitation of old trees. Individual small farm holders, small and medium enterprises (SMEs), cooperatives, farmers associations and organizations, large agribusiness enterprises and corporations, local government units (LGUs), non-government organizations (NGOs), and countryside financial institutions (CFIs) may avail loans under the Program. As of end-October, LANDBANK has approved P17.8 billion in loans to 1,245 borrowers under the LANDBANK Sulong Saka Lending Program. To support the agricultural value chains of cacao, coffee, coconut, and processed fruits and nuts, LANDBANK is also offering the Rural Agro-enterprise Partnership for Inclusive Development and Growth or RAPID Growth Credit Facility, in partnership with the Department of Trade and Industry (DTI) and funded by the International Fund for Agricultural Development (IFAD). This Credit Facility aims to provide strategic business development interventions and matching grants to support qualified Program beneficiaries endorsed by the DTI, including cooperatives, farmers' associations and organizations, NGOs, and Micro, Small and Medium Enterprises (MSMEs) in selected provinces in Regions 8, 9 10, 11, 12, 13 and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Loans availed under the facility can be used for production, including the development of new plantation, replanting, rejuvenation, and rehabilitation of old trees; establishment of nursery gardens; post-harvest activities; processing or manufacturing, packaging and storing, as well as trading. Jointly organized by the LANDBANK Corporate Affairs Group and Lending Program Management Group, the LANDBANK AgriSenso Virtual Forums form part of the Bank’s response to the request of customers and stakeholders to have more opportunities to learn more about the Bank’s available credit facilities.
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