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LANDBANK loans to LGUs hit P51.3B as of Sept.


October 30, 2020

Land Bank of the Philippines (LANDBANK) has extended a total of P51.3 billion in outstanding loans to 639 local government units (LGUs) as of end-September 2020, as it ramps up support to the LGU sector which are the frontline entities tasked to lead in the recovery efforts post Covid-19.

Part of this amount was made available through LANDBANK’s RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program, which was launched in July, to support LGUs in the implementation of their local economic recovery plans

In an online webinar, "Tapping Credit Financing for Robust Local Economic Growth: Successful LGU Ventures and Innovations," held last October 28, LANDBANK President and CEO Cecilia C. Borromeo reiterated the solid partnership between the Bank and LGUs, and its impact to Filipino families and communities across the country.

The virtual event, hosted by the Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF), forms part of the BLGF’s 33rd Anniversary Learning Session series entitled, “BLGF i3: Information, Inspiration, Insights.”

“Working together is not something new to LANDBANK and LGUs. As early as 1992, LANDBANK resumed lending to LGUs after the enactment of the LGU Code in 1991. We recognized that LGUs are catalysts for positive change by bringing sustainable development in your respective localities,” President Borromeo said, referring to local executives present in the session.

Alongside extending loans, LANDBANK also serves as the primary depository bank of LGUs. All 81 provinces, 146 cities, and 1,478 out of the 1,488 municipalities in the country maintain deposit accounts with LANDBANK.

President Borromeo said that the Bank has been working hard to have the remaining 10 municipalities included in the LANDBANK ecosystem by the end of the year.

LANDBANK also provides digital payment platforms to help LGUs boost their collection rate. As of September 2020, a total of P226.7 million in Real Property Taxes, Real Estate Taxes and business permit payments from 126 LGUs were collected and facilitated through the LANDBANK Electronic Payment Portal and Express Payment System.

The LANDBANK RISE UP LGUs Lending Program is made available to eligible LGUs at a loan amount depending on their project requirements, provided that the total loan exposure (including the proposed loan under the program) should not be more than its Net Borrowing Capacity per BLGF computation or certification.

“This is a very good time for the LGUs to consider accessing the credit facilities or the lending programs of the GFIs (Government Financial Institutions), because we are now experiencing a very low interest rate regime,” President Borromeo said during the session’s open forum.

Under Republic Act 11494 or the “Bayanihan to Recover as One Act,” the Bank has also been allotted a P1-billion interest subsidy for new and existing loans secured by LGUs.


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PH Air Force launches online payment system powered by LANDBANK

Department of National Defense (DND) Secretary Delfin N. Lorenzana (2nd from left) and LANDBANK President and CEO Cecilia C. Borromeo (3rd from left) lead the launching of the Philippine Air Force (PAF) Online Payment System (POPS) at Camp General Emilio Aguinaldo, Quezon City on January 12, 2021. They are joined by (from L-R) Armed Forces of the Philippines (AFP) Deputy Chief of Staff Vice Admiral Erick I. Kagaoan and PAF Chief Lieutenant General Allen T. Paredes. In responding to the growing demand for safe and contactless payment services, the Philippine Air Force (PAF), in partnership with the Land Bank of the Philippines (LANDBANK), officially launched the PAF Online Payment System (POPS) at Camp General Emilio Aguinaldo, Quezon City on January 12, 2021. Powered by LANDBANK’s Link.BizPortal Facility, the POPS will facilitate the efficient online payment of light and water utility dues, bidding document fees, and trust receipts for the Air Force General Hospital. Through the POPS, PAF clients which include creditors, suppliers, and PAF personnel family members, will be able to settle their financial commitments in a faster, secure, and convenient manner. “With the Land Bank of the Philippines serving as our formidable partner in this project, and with everyone’s cooperation, I am sure that we will be able to experience more of the comfort, convenience, and benefits of a safe, fast, efficient, and reliable payment system,” said Department of National Defense (DND) Secretary Delfin N. Lorenzana. The launching ceremony was led by Defense Secretary Lorenzana, Armed Forces of the Philippines (AFP) Deputy Chief of Staff Vice Admiral Erick I. Kagaoan, PAF Chief Lieutenant General Allen T. Paredes, and LANDBANK President and CEO Cecilia C. Borromeo. They were joined by LANDBANK officials namely Branch Banking Sector Head, Executive Vice President Julio D. Climaco, Jr., South NCR Branches Group Head, Senior Vice President Ramon R. Monteloyola, South NCR Branches Group-Cluster C Relationship Officer, Assistant Vice President Mary Lilian M. Cruz, and Villamor Air Base Branch Head Ritzel S. Pagaduan. “We congratulate the Philippine Air Force for taking the lead, and being the first among the Major Services of the AFP to implement this online payment system. The launching of POPS is even more timely and relevant as we continue to leverage on digital channels to meet the growing demand for contactless financial solutions in the new normal,” LANDBANK President and CEO Borromeo said. The PAF is among the 767 LANDBANK Link.BizPortal partner-merchants nationwide. As of December 2020, the Link.Biz has successfully facilitated a total of 2.12 million transactions amounting to P7.95 billion, representing increases of 35% and 71%, respectively, over the same period in 2019. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).

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LANDBANK to open new Agri-Hub in Sta. Maria, Ilocos Sur

STA. MARIA, Ilocos Sur – State-run Land Bank of the Philippines (LANDBANK) will open its first Agri-Hub in the province of Ilocos Sur, the LANDBANK Sta. Maria Agri-Hub, on January 15, 2021. The LANDBANK Sta. Maria Agri-Hub will provide financial and technical services to the Bank’s clients, especially to more than 10,000 farmers and fisherfolk in the municipalities of Sta. Maria, Burgos, and San Esteban. LANDBANK’s Agri-Hubs are strategically located in the top rice-producing provinces in the country and designed to provide a wide array of services. This includes 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 AR bonds and handling of agrarian-related concerns from landowners, bondholders, and Agrarian Reform Beneficiaries (ARBs). The LANDBANK Sta. Maria Agri-Hub will also offer LANDBANK’s various digital banking platforms, including the Digital Onboarding System (DOBS) which simplifies the account opening process for new clients to only 10-15 minutes. The Sta. Maria Agri-Hub will have its official inauguration on January 16, Saturday, to be led by Department of Agriculture Secretary William D. Dar, Sta. Maria Mayor Brigido Camarillo, Jr., Burgos Mayor Nathaniel D. Escobar, San Esteban Mayor Ray M. Elaydo II, and LANDBANK North Luzon Branches Group Head First Vice President Ma. Belma T. Turla. The LANDBANK Sta. Maria Agri-Hub is the 5th Agri-Hub to open nationwide, along with four (4) newly opened Agri-Hubs in Calabanga, Camarines Sur; Barotac Viejo, Iloilo; Sual, Pangasinan; and Echague, Isabela. LANDBANK now has a total network of 411 branches and 65 branch-lite units, composed of branch-lites, Agri-Hubs, LEAFs, tellering booths, and FX booths across all 81 provinces. This is complemented with 55 lending centers in strategic areas nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).

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LANDBANK caps off 2020 with new ‘agri-hubs’ for farmers, fishers

In line with its continuing thrust toward greater financial inclusion, the Land Bank of the Philippines (LANDBANK) wrapped-up 2020 by further expanding touchpoints in key strategic areas nationwide to bring financial services closer to more farmers and fishers. The state-run bank established four Agri-Hubs in December which provide banking, lending and agrarian services in the country’s top rice-producing provinces and unbanked and underserved rice farming areas. “Amidst the ongoing pandemic, LANDBANK remains steadfast in delivering safe and reliable financial services to unbanked and underserved communities in the country. We will continue to intensify support and respond to the developing needs of the agriculture sector, most especially the small farmers and fishers,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK inaugurated its first-ever Agri-Hub in the Municipality of Calabanga, Camarines Sur to service farmers and fishers from the area, alongside neighboring municipalities of Siruma, Bombon, Magarao, and Tinambac. The opening of the Calabanga Agri-Hub was led by Calabanga Mayor Eduardo A. Severo and Southeast Luzon Branches Group Head, Senior Vice President Althon C. Ferolino. They were joined by LANDBANK Legazpi Branch Head, Assistant Vice President Cesar A. Ramirez, Naga Rotunda Branch Head Melanie D. Avila, and Calabanga Agri-Hub Head Emma Ruth Estadilla. Meanwhile, the Barotac Viejo Agri-Hub in Iloilo will serve the 26 barangays of the Municipality of Barotac Viejo, as well as the nearby towns of Banate and San Rafael. Barotac Viejo Mayor Nielo C. Tupas and LANDBANK West Visayas Branches Group Head, First Vice President Delma O. Bandiola led the inauguration rites of the Barotac Viejo Agri-Hub, together with former Barotac Viejo Mayor Myrna C. Tupas, LANDBANK Corporate Affairs Group Head, Vice President Vivian M. Cañonero, Iloilo Branch Head, Assistant Vice President Rudina D. Pastrana, and Barotac Viejo Agri-Hub Head Merebeth B. Collado. LANDBANK also opened the Sual Agri-Hub in Pangasinan—the first Agri-Hub in North Luzon—which will bring the Bank’s services closer to farmers and fishers in the Municipality of Sual and Labrador. The inauguration of Sual Agri-Hub was led by Sual Mayor Liseldo D.Q. Calugay and North Luzon Branches Group Head, First Vice President Ma. Belma T. Turla, Alaminos Branch Head Roehl S. Bautista, and Sual Agri-Hub Head Rolando B. Jaquias. Meanwhile, the Echague Agri-Hub in Isabela will cater primarily to the 2,533 farmers within the 64 barangays in the municipality. Echague Vice Mayor Amado Gaffud, Special Assistant to the Mayor Josephine Rivera, and LANDBANK Ilagan Branch Head, Assistant Vice President Lorenzo M. Saquing led the opening of the Echague Agri-Hub. With them were Isabela State University Admin and Finance Services Vice President, Atty. Romano P. Cammayo, and LANDBANK officials namely Santiago Branch Head, Assistant Vice President Catherine M. Guerrero, San Isidro Branch Head Leilani S. Antolin, and the staff of the Echague Agri-Hub led by Ms. Josephine A. Lorenzo. In addition, LANDBANK inaugurated its newest branch in the Municipality of Balingasag, Misamis Oriental on December 28, 2020—LANDBANK’s 8th branch in the Province complemented by 59 ATMs. The LANDBANK Balingasag Branch will serve the banking and financing needs of more than 3,000 farmers and fishers covering the municipalities of Balingasag, Jasaan, Lagonglong and Salay. Balingasag Mayor Alexis S. Quina and LANDBANK West Mindanao Branches Group Head, Vice President Lina K. Pacio led the Balingasag Branch inauguration rites. They were joined by Balingasag Vice Mayor Felix H. Borromeo and LANDBANK officials namely Capistrano Branch Head, Assistant Vice President Josephine B. Mercadal and Balingasag Branch Head Mark Chester T. Yongco. LANDBANK now has a total of 411 branches and 65 branch-lites across all 81 provinces nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).

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