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LANDBANK adopts DepEd schools for repair, rehab

September 16, 2024

DepEd Secretary Juan Edgardo “Sonny” M. Angara and LANDBANK President and CEO Lynette V. Ortiz formalize a partnership to repair and rehabilitate public schools in disaster-affected areas through the Adopt-A-School Program.

In line with providing inclusive quality education, Land Bank of the Philippines (LANDBANK) is partnering with the Department of Education (DepEd) to enhance educational infrastructure and improve the learning environment of public school students nationwide.

In support of DepEd's Adopt-A-School Program, LANDBANK will facilitate the repair and rehabilitation of the facilities of 12 last-mile public schools in disaster-affected provinces. 

The Bank has allotted a P6-million fund to address the urgent need for repairs and renovations of school buildings, including classrooms, laboratories, and libraries, to ensure a safe and conducive learning environment for thousands of learners.

LANDBANK subsidiaries—LBP Resources and Development Corporation (LBRDC) and LBP Leasing and Finance Corporation (LLFC)—will also be tapped for the construction of select schools and provide an additional P1-million funding, respectively, in line with the Bank’s renewed corporate social responsibility (CSR) thrust as one LANDBANK.

"LANDBANK is fully committed to the success of this initiative. We are here to support DepEd in promoting accessible quality education and creating a future where every Filipino child can achieve their fullest potential," said LANDBANK President and CEO Ortiz. 

The signing of the Memorandum of Understanding (MOU) for the partnership was led by DepEd Secretary Juan Edgardo “Sonny” M. Angara and LANDBANK President and CEO Ortiz at the DepEd Central Office, Pasig City on 11 September 2024. Joining them as witnesses from DepEd were Undersecretary Epimaco V. Densing III and Assistant Secretary Cilette Liboro Co, together with LBRDC President and CEO Ricardo C. Juliano, and LLFC President and CEO Michael P. Arañas.

"The best countries to succeed at education are the ones who are really able to galvanize communities. We cannot do this alone, but with our collective efforts, LANDBANK can help us make a dent in these deficits and shortages," said DepEd Secretary Angara.

Under the partnership, LANDBANK is also incorporating a volunteerism component where employees will be mobilized to assist with repair and renovation efforts and conduct additional support activities for the learners and their respective communities.

LANDBANK's support for the Adopt-A-School Program under DepEd’s MATATAG Education Agenda is aligned with the Bank's commitment to increase access to learning, improve educational facilities, and expand opportunities for students nationwide.

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 county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.

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