Land Bank of the Philippines (LANDBANK) was recently honored as Top Government Employer under the National Government category during the Home Development Mutual Fund Stakeholder Accomplishment Report (Pag-IBIG StAR) in the National Capital Region, for having the most number of employees who voluntarily raised their contributions in 2024.
LANDBANK Executive Vice President Alan V. Bornas (3rd from right) accepted the citation from Pag-IBIG CEO Marilene C. Acosta (center), alongside Deputy Chief Executive Officer Benjamin R. Felix Jr. (3rd from left), Senior Vice President Atty. Marie Antoniette D. Diaz (2nd from right), and Vice Presidents Perlacita A. Roldan (rightmost), Florencio Pedro O. Galang Jr. (leftmost), and Atty. Marciano C. Pimentel Jr. (2nd from left).
(photo courtesy of Pag-IBIG Fund)
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LANDBANK backs Prime Infra’s sustainability push with P5-B boost
LANDBANK President and CEO Lynette V. Ortiz (3rd from right) and Prime Infra President and CEO Guillaume Lucci (4th from right) ink a P5-billion loan agreement to partially fund Prime Infra’s projects across its core sectors. Joining them are Prime Infra Chief Finance Officer Sandy Alipio (5th from right) and Treasury Head Emma Villa del Rey (leftmost), alongside LANDBANK Executive Vice President Ma. Celeste A. Burgos (2nd from right), and Senior Vice President Lucila E. Tesoreso (rightmost) as witnesses. Land Bank of the Philippines (LANDBANK) has approved a P5-billion loan to Prime Infrastructure Capital, Inc. (Prime Infra) to bolster its sustainability projects, marking the first partnership between the two institutions. The P5 billion loan facility will be utilized to partially finance working capital requirements of Prime Infra’s pipeline projects across its core sectors — water, sustainable energy, and waste management and sustainable fuels. This financing aligns with LANDBANK’s commitment to advancing sustainability initiatives and promoting sound environmental management. LANDBANK President and CEO Lynette V. Ortiz and Prime Infra President and CEO Guillaume Lucci formalized the loan agreement on 4 September 2024 at the Three E-Com Center in Pasay City. They were joined by Prime Infra Chief Finance Officer Sandy Alipio, Treasury Head Emma Villa del Rey, and Treasury Manager Kaila Almendarez, together with LANDBANK Executive Vice President Ma. Celeste A. Burgos, Senior Vice President Lucila E. Tesoreso, and Vice President Jell B. Ong. “We are excited to embark on this new partnership with a recognized leader in building critical and socially relevant infrastructure. Our common goal of enhancing lives and fostering resilient economies makes this loan facility a truly mutually beneficial endeavor,” said LANDBANK President and CEO Ortiz. LANDBANK’s financial support will enable Prime Infra to accelerate its initiatives in critical infrastructure sectors, thereby contributing to the country’s economic growth and environmental resilience. “This partnership with LANDBANK is a significant step forward in our commitment to developing sustainable and resilient infrastructure. It will enable Prime Infra to further accelerate the progress of our projects in sustainable energy, water supply, and waste management,” said Prime Infra President and CEO Lucci. This significant financing deal reaffirms LANDBANK’s role as a key partner in driving sustainable development and supporting projects that align with the country’s environmental and economic goals. 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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LANDBANK offers enhanced loans, cash support for emergencies
To address urgent financial needs during emergencies, Land Bank of the Philippines (LANDBANK) has expanded its available loan packages for businesses and individuals affected by calamities and natural disasters to help facilitate and fast-track rebuilding efforts. Under the enhanced LANDBANK CARES+ (Community Assistance and REintegration Support Plus) Lending Program, affected farmers and fishers, cooperatives, micro, small and medium enterprises (MSMEs), corporations, and electric distribution utilities may access loans to finance their recovery and restore regular business operations. Eligible borrowers may use the funds for working capital, capital expenditures, and the construction, repair or acquisition of disaster-damaged equipment, facilities and structures. Electric distribution utilities can also use the loan as short-term working capital for the incremental increase in generation and distribution expenses. “We want to boost the ability of our clients and partners to recover quickly from calamities and disasters. We have expanded our accessible financial support interventions to help build resilience and expedite response and rehabilitation efforts,” said LANDBANK President and CEO Lynette V. Ortiz. For employees of government agencies and companies with LANDBANK payrolls, the state-run Bank is also offering Electronic Salary Loan (eSL) that provides convenient and quick access to funds. Eligible borrowers can apply for the eSL online via the LANDBANK website, iAccess, or Mobile Banking App (MBA), with loan proceeds directly credited to their accounts. Existing eSL borrowers who have maintained good payment standing for at least three months can also quickly renew their loans. The Bank will also soon introduce its new “EasyCash for Emergencies” feature for LANDBANK credit cardholders, which allows clients to convert their available credit limits into emergency cash with flexible repayment options of up to 36 months. Eligible cardholders will receive an SMS and email from LANDBANK confirming their eligibility for the credit limit conversion, and the funds will be credited to their LANDBANK deposit account. Customers may also call the Bank’s Customer Care to request for the cash conversion. 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 recognized as outstanding BSP partner
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (leftmost) and Deputy Governor Bernadette Romulo-Puyat (rightmost) present a plaque of recognition and a special token to Land Bank of the Philippines (LANDBANK) President and CEO Lynette V. Ortiz (center), along with Executive Vice Presidents Liduvino S. Geron (2nd from right) and Leila C. Martin (4th from right), during the 2024 Outstanding BSP Stakeholders Appreciation Ceremony on 02 August 2024 at the BSP Head Office in Manila. LANDBANK was recognized for its strong support in the circulation and usage of the 1000-Piso polymer banknotes. The state-run Bank was also lauded for its vital role as the distribution arm of the National Government’s social welfare programs, ensuring the timely, safe, and efficient disbursement of cash aid to Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries. 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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