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LANDBANK-backed co-op empowers rice, onion farmers in Nueva Ecija
TALAVERA, Nueva Ecija – For the longest time—despite working long, hard days in the field—rice farmer Ricardo Buenaventura struggled to improve his farm’s productivity and profitability due to lack of capital. Ricardo could not pursue opportunities that would help expand his operations, such as acquiring a bigger farmland or investing in farm mechanization, with income that was just enough to sustain his family’s daily needs. Determined to provide a better life for his family, Ricardo called on his fellow farmers facing similar challenges to work together to boost their production and income. They officially formed the Nagkakaisang Magsasaka Agricultural Primary Multi-Purpose Cooperative (PMPC) in 1992 with 16 members, and Ricardo as their Chairman. As a newly-established cooperative, seeking credit assistance to support their operations proved to be a hurdle seemingly too difficult to overcome. Lenders often turned them away or offered hefty interest rates they could not afford at the time. They found the boost they needed when Land Bank of the Philippines (LANDBANK) granted the co-op their very first loan amounting to P120,000.00 to fund their working capital. “Nagtiwala sa amin ang LANDBANK kahit nagsisimula pa lamang ang aming kooperatiba. Binigyan nila kami ng pagkakataon para palakasin ang aming koop at pagbutihin ang aming kabuhayan,” said Buenaventura. Growing with LANDBANK The co-op invested in farm machinery and equipment such as hauling trucks and mechanical dryers, and was able to improve its production to around 70,000 - 100,000 sacks of rice per cropping season. That initial partnership has come a long way. LANDBANK has since increased its total loan to Nagkakaisang Magsasaka Agricultural PMPC to P1 billion to fund its expanded operations, which now include relending to finance the production of its members, rice and agri-inputs trading, diesel retailing, rice milling, onion cold storage rental and trading, and importation of milled rice and fertilizers produced by the co-op. LANDBANK has also financed the construction of warehouses and an onion cold storage, as well as the purchase of farm machinery and equipment to improve agricultural productivity. From having only 16 members, Nagkakaisang Magsasaka Agricultural PMPC’s membership base has grown to 1,500 consisting of farmers producing rice, onion and other high-value crops, backyard poultry and livestock raisers, and micro, small and medium enterprises (MSMEs) such as sari-sari store owners. "By empowering agricultural cooperatives, we are also enhancing small farmers’ access to credit, technology and other critical resources for growth. We look forward to partnering with more agri co-ops towards increasing productivity and ensuring food security in the country,” said LANDBANK President and CEO Lynette V. Ortiz. Uplifting lives of Nueva Ecija farmers With their fully-integrated services, the Nagkakaisang Magsasaka Agricultural PMPC is now able to support the growth requirements of its members throughout the entire rice production process, from planting to marketing and distribution. Aside from financing the purchase of their members’ farm inputs, the co-op also serves as a ready market for their produce, buying wet palay at a fair price. The co-op produces around 70,000 to 100,000 sacks of rice per cropping season under its own rice brand and distributes rice to consumers in Metro Manila, Quezon City, Marikina, Taguig, Parañaque, Bohol, Pampanga, and Tarlac. The co-op is also diversifying its operations to provide more assistance to its onion farmer-members and strengthen the local onion value chain. Of their P1-billion LANDBANK loan, P112 million was allocated for the construction of an onion cold storage which has allowed their members to reduce agricultural losses and improve their income. The co-op’s cold storage has a capacity of 60,000 bags of onions, allowing farmers to reduce agricultural losses and improve their income. “Sa tulong ng LANDBANK, marami na ang naipundar ng aming kooperatiba at naitulong sa palay farmers. Ngayon, nakakatulong na din kami sa onion farmers dito sa Nueva Ecija na palakasin ang kanilang produksyon,” said Ricardo. Fully operational since April 2024, the co-op’s cold storage can accommodate up to 60,000 bags of onions and is expected to benefit onion growers from the municipalities of Bongabon, Guimba, Gabaldon, Llanera and Talavera. The co-op also extends credit support to finance onion production and buys members’ produce at a more lucrative price compared to other markets in the Province in support of the local onion industry. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country serving the growth requirements of the local agriculture sector and the entire agri-value chain. Present in all 82 provinces in the country, the Bank is committed to providing accessible and affordable financial support towards boosting food security and advancing inclusive and sustainable development from countryside to countrywide.
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LANDBANK launches ‘save and win’ promo for depositors
Land Bank of the Philippines (LANDBANK) launched a new promo that gives depositors the chance to win up to P1 million in cash and gadgets by growing their savings with the Bank. Customers can earn e-raffle tickets and join the LANDBANK IpoNalo raffle promo by increasing their deposits in their LANDBANK accounts from 03 July 2024 to 31 January 2025. LANDBANK will be selecting one (1) winner via electronic raffle for each major cash prize of P1 million for the grand prize and P500,000.00 and P250,000.00 as the 2nd and 3rd prizes, respectively. Minor prizes also include iPhones, iPads and Macbook Airs, with 36 winners each. The campaign aims to empower the Bank’s clients to practice responsible financial habits and build financial security to help achieve their financial goals faster. “Through IpoNalo, we aim to help our clients build their savings through a broad range of secure and reliable deposit options, and possibly win prizes in the process. This is also our way of expressing our gratitude to our clients for their continued trust and loyalty,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK IpoNalo promo is available for new and existing clients with LANDBANK accounts, such as regular passbook and ATM savings account, dollar savings account, regular and interest-bearing current account, Easy Savings Plus (ESP), OptiSaver Account, Green Growth Account, High Yield Savings Account (HYSA), and peso or dollar time deposit account. Individual depositors will earn one (1) e-raffle ticket for every incremental average daily balance (ADB) of P100,000.00. Meanwhile, private institutional depositors will earn one (1) e-raffle ticket for every incremental ADB of P1,000,000.00. Participants must maintain their ADB until the end of the promo period on 31 January 2025 to remain eligible for the e-raffle draw on 14 February 2025. The proceeds of the promo campaign will help fund the Bank's developmental programs and initiatives in favor of its mandated and priority economic sectors. For complete details and mechanics on the LANDBANK IpoNalo promo, please visit the official LANDBANK website and social media channels, contact the nearest LANDBANK Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion and digital transformation to advance national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive services to empower Filipinos towards a better future of inclusive and sustainable development from countryside to countrywide.
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LANDBANK and Antonio’s partnership: Business recipe for success
From a single restaurant with 30 employees, Antonio "Chef Tony Boy" Escalante managed to translate his love for cooking into a culinary empire of multiple restaurants across the Philippines with support from LANDBANK. TAGAYTAY CITY – Just like having the right ingredients to create gastronomic experiences, to having an excellent team of chefs in the kitchen, it also takes the right people and partnerships to build a successful restaurant business. This adage rings true for Antonio "Chef Tony Boy" Escalante and the remarkable journey of the Antonio’s Group of Restaurants. Chef Tony Boy started his career not in the kitchen but in dentistry school. He then traded the dental chair for the open skies, working as a cabin crew member for Philippine Airlines for nearly a decade. However, he was only able to spread his wings and fly when he finally decided to pursue his ultimate passion – cooking. His culinary journey began at the Regency Park Institute of TAFE in Adelaide, Australia, where he honed his skills through various kitchen jobs before returning home to the Philippines. In Manila, he spent three years refining his culinary skills at the prestigious Tivoli Grill in the Mandarin Oriental Manila. In 2002, Chef Tony Boy's culinary dream materialized with the opening of his namesake restaurant in Tagaytay City. The establishment quickly became a hallmark of fine dining, lauded for its exquisite cuisine and impeccable service. Antonio’s Restaurant soon garnered numerous accolades as one of the country’s most celebrated restaurants. From 2007 to 2014, it consistently won the Best Continental Restaurant Award at Manila's Best Kept Restaurant Secrets Awards. From 2008 to 2013, it was the sole Filipino entry in the Miele Guide's Top 20 Southeast Asian restaurants, even reaching number five in the 2010 edition. Antonio's also secured the top 48th spot on Asia's Best Restaurants in 2015. Expanding the Culinary Vision with LANDBANK Chef Tony Boy wanted to expand Antonio’s operations beyond a single restaurant. In 2006, he established the Escanova Ventures which housed Antonio’s Restaurant and Breakfast at Antonio’s. He then embarked on a new venture in 2015 and put up “Balay Dako,” a restaurant offering traditional local fare and fusion cuisine with great views of Taal Lake. This required significant financial investment, with more capital needed to see plans for further expansion materialize. In 2017, Chef Tony Boy turned to Land Bank of the Philippines (LANDBANK) for a P113-million loan. This was the start of a productive partnership that laid the groundwork for sustained growth and success. The LANDBANK support supplemented Escanova Ventures’ capital, which enabled the expansion of Antonio's Fine Dining and the renovation of Breakfast at Antonio's. The loan also helped build BP One Foods Inc. to spearhead the restaurant chain's expansion across Luzon. The state-run Bank also remained a steadfast partner throughout crises, offering financial solutions and support when Antonio's Group was tested during the 2019 Taal Volcano eruption and the subsequent COVID-19 pandemic. "At the height of the pandemic, LANDBANK was there for us. They provided deferments, helped us analyze our finances, and offered tailored products that perfectly addressed our needs," shared Chef Tony Boy. Basti Escalante led the pivot to distribution and sale of Antonio’s popular products in Metro Manila during the pandemic through Pedro the Grocer. He has since played a significant role focusing on the retail side of the business. From then on, Basti became an active partner, focusing on the retail and business side of the Antonio’s chain of restaurants. This father-and-son collaboration further strengthened the Antonio's Group, allowing them to adapt and thrive amidst challenging circumstances. Empowered by LANDBANK's support, Chef Tony Boy emerged from the pandemic with renewed confidence to expand further. This financial backing and trust allowed the Antonio's Group to navigate the crises and adapt to grow amidst uncertainties. "LANDBANK believed in us, our goals, and how we run our business. This trust, even during the pandemic, was a stamp of approval that gave us the confidence to expand our ventures," said Chef Tony Boy. Cooking a Culinary Legacy What started as a single restaurant with a team of 30 has blossomed into a culinary empire of almost a thousand employees. Today, the Antonio's Group of Restaurants continues to flourish, driven by Chef Tony Boy's passion, Basti's innovative spirit, and the unwavering support of LANDBANK. "With LANDBANK's help, their banking expertise, and the dedication of their employees, we have been able to expand into Metro Manila and other cities. They have been instrumental in realizing our expansion plans," said Chef Tony Boy. Fueled by LANDBANK's commitment to empowering Filipino entrepreneurs, Chef Tony Boy’s story transcends mere culinary success. It's a narrative of how the right ingredients, the right people, and the right partnerships can create a recipe for business excellence. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting inclusive and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to providing accessible and responsive financial support to key players and industries as part of its broader thrust of serving the nation.
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LANDBANK grants P120-M loan to boost Basilan town’s agri, infra dev’t
Tuburan Mayor Jhaber S. Kallahal (2nd from right) and LANDBANK Senior Vice President Charlotte I. Conde (center) lead the signing of a P120-million loan agreement to finance the Municipal Government of Tuburan’s acquisition of various heavy equipment. Joining them are Tuburan Municipal Treasurer Abubakar U. Mohammad (rightmost), LANDBANK Zamboanga City Lending Center Head Zenaida K. Valencia (4th from right) and Account Officer Jaydee N. Bongon (leftmost). TUBURAN, Basilan – Land Bank of the Philippines (LANDBANK) has extended a P120-million loan to the Municipal Government of Tuburan for the purchase of various heavy equipment to speed-up construction and maintenance of farm-to-market roads and other crucial infrastructure projects across the town. The new equipment financed by the state-run Bank will enhance the municipality’s road network and provide over 1,500 local farmers and fishers with improved access to agricultural technology and farm material inputs, plus reduced transportation costs for their produce. The agreement between the Municipal Government of Tuburan and LANDBANK was formalized through a loan signing event led by Tuburan Mayor Jhaber S. Kallahal and LANDBANK Senior Vice President Charlotte I. Conde last 23 May 2024 in Zamboanga City. They were joined by Tuburan Municipal Treasurer Abubakar U. Mohammad, LANDBANK Zamboanga City Lending Center Head Zenaida K. Valencia and Account Officer Jaydee N. Bongon. The loan will support the local government’s strategic investments in promoting economic growth especially in the town’s underserved communities. “LANDBANK stands ready to serve the growth needs of partner local government units to bankroll initiatives that stimulate economic activities. This complements our efforts in support of the agriculture sector and other key industries contributing to building inclusive and sustainable local communities,” said LANDBANK President and CEO Lynette V. Ortiz. The P120-million LANDBANK loan will be used by Tuburan LGU to purchase 10-wheeler dump trucks, 10-wheeler mixer trucks, wheel loaders, a hydraulic crawler excavator, and a 10-wheeler self-loading truck. This will help reduce operational costs associated with renting and subcontracting equipment for current and future construction projects across the town. The municipal government requires logistics to maintain existing road networks and other infrastructure projects. The funding from LANDBANK will be crucial in addressing this need and advancing local growth, considering that Tuburan is an agricultural community with most of its land area dedicated to coconuts, rubber, and cassava. “LANDBANK’s commitment to fostering economic growth and development in our region is truly commendable. The funds provided will enable us to implement crucial projects and initiatives that will benefit our citizens and enhance the overall quality of life in our Municipality,” said Tuburan Mayor Kallahal. “We value the strong partnership we have built with LANDBANK over the years and look forward to work together towards our shared vision of a thriving and prosperous community,” he added. LANDBANK is the biggest development partner of LGUs in the country, with outstanding loans reaching P113.6 billion as of April 2024. These loans support local development projects nationwide, including the acquisition of heavy equipment, construction and maintenance of farm-to-market roads, railways and bridges, utility projects, school and hospital buildings, street lights, and computerization of LGU operations, among others. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
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LANDBANK backs Philippine Army co-op with P10-B loan line
LANDBANK and PAFCPIC sign a P10-billion loan line to support the financial needs of AFP personnel and their families. Leading the ceremony are LANDBANK President and CEO Lynette V. Ortiz (2nd from right), PAFCPIC Chairman BGen. Francisco M. Paredes (Ret) (3rd from right), LANDBANK Executive Vice President Ma. Celeste A. Burgos (rightmost), and PAFCPIC President BGen. Fernando S. Zabat (Ret) (leftmost). Land Bank of the Philippines (LANDBANK) has extended a P10-billion rediscounting line to support the Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC) and its members serving in the Armed Forces of the Philippines (AFP). The state-run Bank expanded the Cooperative’s previous P8 billion credit line to P10 billion to sufficiently augment working capital and enable PAFCPIC to better serve the financial requirements of its more than 190,000 members. PAFCPIC's membership consists of active and retired military and civilian personnel from the Philippine Army, Philippine Navy, and Philippine Air Force, as well as their immediate dependents. The ceremonial loan signing event was led by LANDBANK President and CEO Lynette V. Ortiz and PAFCPIC Chairman BGen. Francisco M. Paredes (Ret), alongside LANDBANK Executive Vice President Ma. Celeste Burgos and PAFCPIC President BGen. Fernando S. Zabat (Ret) on 29 May 2024 at the LANDBANK Plaza in Manila. Also present as witnesses were LANDBANK Senior Vice President Lucila E. Tesorero and Vice President Leonardo D. Aurellana Jr., with PAFCPIC Vice President MGen. Rolando V. Picar (Ret) and Executive Vice President BGen. Anastacio C. Cabading. "By boosting your financial resources and upgrading your operational efficiency through our digital solutions, we look to further improve your service delivery to your members and the entire armed forces community," said LANDBANK President and CEO Ortiz. Apart from the financial assistance, LANDBANK likewise pledged to support PAFCPIC's digitalization efforts by onboarding the Cooperative to the Bank’s web-based payment platform, Link.BizPortal, which will streamline the collection of payments for its members’ capital contributions, deposits, and loans, thereby enhancing their operational efficiency. “This milestone is a manifestation of almost three decades of business collaboration between PAFCPIC and LANDBANK, nurtured and nourished with trust and confidence. We are grateful for LANDBANK's unwavering support, which has been instrumental in enabling us to better serve our members and their families,” said PAFCPIC Chairman Paredes. LANDBANK conferred PAFCPIC with the Distinguished Initiators and Movers of National Development (DIAMOND) Award last year, for the co-op’s contributions to promoting countryside and national development. The LANDBANK DIAMOND Award honors exceptional Bank clients, fund management and digital banking partners that have made positive change in the communities they serve. LANDBANK remains committed to providing robust financial solutions to cooperatives and its members nationwide towards promoting countryside to countrywide development. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. As the only Bank present in all 82 provinces in the county, it is committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
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LANDBANK Mobile App gets account-opening upgrade; usage up 96% in Q1 2024
Customers can now open a Land Bank of the Philippines (LANDBANK) savings account completely online via smartphones, as the Bank continues to serve the growing preference of customers for digital solutions and promote financial inclusion. LANDBANK has upgraded its Mobile Banking App (MBA) with a new straight-through account opening feature which allows customers to open a digital account instantly from anywhere, at any time, without visiting a LANDBANK Branch. Through the MBA, customers can open a LANDBANK PISO Plus basic deposit account, a regular LANDBANK Visa debit account, and the new GoBayani savings account designed for overseas Filipinos, to help build their savings and start their financial journey. To open a LANDBANK account, interested clients need only their smartphones downloaded with the latest version of the LANDBANK MBA, a secure internet connection, and any valid identification card such as a Philippine Passport, Driver’s License, SSS, UMID, PRC ID, or PhilSys ID. "We are dedicated to continue expanding our digital offerings to bring more Filipinos into the financial mainstream. Opening a LANDBANK account has never been easier, and we hope more customers can get to experience the benefits of our convenient and secure banking services," said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK MBA is a free application that offers seamless and convenient online fund transfers, bills payments, balance inquiries, and salary loan services. Using the MBA, LANDBANK customers also enjoy free fund transfers to other banks via InstaPay and PESONet for the first three transactions in a day worth P1,000 and below. Q1 2024 Digital Banking Performance The LANDBANK MBA recorded a remarkable 96% increase in usage during the first three months of 2024, as transactions soared to 20.9 million from 10.7 million recorded in the same period in 2023. Fund transfers and bills payment transactions drove the transaction volume growth, as the MBA generated a 42% increase in total transaction value or P89.3 billion compared to P63 billion last year. The LANDBANK MBA also led the 63% growth or a total of 30.79 million transactions across all of the Bank’s major digital channels, reaching P1.95 trillion in total transaction value. The state-run Bank’s other digital channels include iAccess, an online retail banking channel; corporate internet banking platform, weAccess; web-based payment channel, Link.BizPortal; real-time web-based remittance system for overseas Filipinos, i-Easy Padala; alternative payment channel, Electronic Tax Payment System (eTPS); facility for institutional clients and national government partners, Electronic Modified Disbursement System (eMDS); and electronic bulk disbursement facility, Bulk Crediting System (LBCS). LANDBANK remains committed to enhancing its digital infrastructure to deliver seamless banking experiences and meet the evolving needs of customers. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
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LANDBANK clinches int’l awards for rural electrification, financial inclusion
LANDBANK Executive Vice President Ma. Celeste A. Burgos (rightmost) receives the award from ADFIAP Chairman Saud A. Minam (center) and First Vice Chairman Kao Thach (leftmost) for the Bank’s development project on rural electrification under the Infrastructure Development category during the ADFIAP Sustainable Development Awards 2024 in Phnom Penh, Cambodia on 16 May 2024. (Photo credit to ADFIAP) In recognition of its steadfast commitment to promoting sustainable development, Land Bank of the Philippines (LANDBANK) has been conferred with two international awards by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) for its development projects on rural electrification and financial inclusion. LANDBANK’s BRIGHTNESS Lending Program, which stands for BRinging Inclusive Growth in every Household Through National Electrification Support Services, won in the Infrastructure Development category, while the Bank’s support to ASA Philippines Foundation, Inc.’s (ASA Philippines) credit expansion for underserved women earned a Merit Award in the Financial Inclusion category. ADFIAP Chairman Saud A. Minam, First Vice Chairman Kao Thach, and Second Vice Chairman Aria Putera Ismail presented the awards to LANDBANK, represented by Executive Vice President Ma. Celeste A. Burgos, at the ADFIAP Sustainable Development Awards on 16 May 2024 in Phnom Penh, Cambodia. “LANDBANK is honored to receive these prestigious awards from ADFIAP, which underscore our unwavering dedication to advancing sustainable and inclusive development. This recognition inspires us to continue empowering underserved communities, fostering economic growth, and enhancing quality of life for our valued clients," said LANDBANK President and CEO Lynette V. Ortiz. Launched in 2013, LANDBANK BRIGHTNESS Lending Program aims to expand energy access in barangays to spur growth and generate more economic activities in the countryside by providing financing assistance to qualified distribution utilities and wholesale power aggregators. This initiative supports the National Government’s rural electrification efforts under Republic Act No. 9136, otherwise known as the “Electric Power Industry Reform Act of 2001 (EPIRA Law),” which ensures the quality, reliability, security and affordability of electric power supply nationwide. As of 31 March 2024, total approved loans under the BRIGHTNESS Lending Program have reached P13.7 billion, supporting over 4.8 million households with reliable power supply. LANDBANK, represented by Executive Vice President Ma. Celeste A. Burgos (center), also receives a merit award under the Financial Inclusion category as presented by ADFIAP Chairman Saud A. Minam (rightmost) and Second Vice Chairman Aria Putera Ismail (leftmost). (Photo credit to ADFIAP) Meanwhile, LANDBANK’s support enabled ASA Philippines to raise P5.0 billion through a five-year syndicated corporate notes facility. Dubbed “Project Nanay First,” the proceeds from the offer are aimed to reach and empower more women, particularly mothers, from economically disadvantaged sectors through the provision of accessible financing. ASA Philippines’ five-year corporate notes issuance was classified as the first-ever Gender Bonds issued in the country, as certified by social bond second-party opinion provider DNV (Det Norske Veritas) and registered with the Securities and Exchange Commission (SEC). The partnership promotes broader financial inclusion in alignment with the Philippine Development Plan (PDP) 2023-2028 and advocates for environmental, social, and governance (ESG) principles. ADFIAP serves as the focal point of all development banks and other financial institutions engaged in development financing across the Asia-Pacific region, with the mission to advance sustainable development through its members. The annual ADFIAP Awards recognizes member-institutions that have made important contributions to national development. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
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LANDBANK launches GoBayani digital deposit account for OFWs
Land Bank of the Philippines (LANDBANK) is launching its new GoBayani savings account designed to financially empower OFWs and overseas Filipinos with secure and reliable banking services. LANDBANK GoBayani is a digital deposit account that provides Filipinos abroad access to the Bank’s digital banking services and conveniently perform their transactions online, such as sending money to their families via fund transfer. Accountholders can also perform e-commerce transactions and receive remittance via Visa Direct through Visa partners abroad. GoBayani users can also digitally pay bills and other dues, which will soon include monthly contributions to Pag-Ibig Fund, Social Security System (SSS), and PhilHealth. “We are cheering on our kababayans abroad to save and grow their money through LANDBANK GoBayani. We want to support every step of their journey towards financial independence for them and their families back home,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK is set to visit overseas Filipinos in United Arab Emirates, Japan, Hong Kong and Taiwan in June to promote LANDBANK GoBayani and other digital banking services. Open a GoBayani account via the LANDBANK app Overseas Filipinos can fully open a LANDBANK GoBayani savings account with no initial deposit and maintaining balance via their smartphones within minutes, through the new straight-through account opening feature of the LANDBANK Mobile Banking App (MBA). “Investing in our digital infrastructure forms part of our response to the increasing demand for convenient digital solutions. We are continuously enhancing our digital offerings to deliver a seamless banking experience to our customers and expand financial access to all,” said LANDBANK President and CEO Ortiz. Aside from GoBayani, customers can also open a LANDBANK PISO Plus basic deposit account and a regular LANDBANK Visa debit account through the MBA to help build their savings and start their financial journey. The LANDBANK MBA is a free application that offers seamless and convenient online fund transfers, bills payment, balance inquiry, and salary loan services. Using the MBA, LANDBANK customers also enjoy free fund transfers to other banks via InstaPay and PESONet for the first three transactions in a day worth P1,000 and below. To open a LANDBANK account, interested clients need only their smartphones downloaded with the latest version of the LANDBANK MBA, a secure Internet connection, and any of the following valid identification cards: Philippine Passport, Driver’s License, SSS, UMID, PRC ID, or PhilSys ID. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
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DSWD taps LANDBANK anew to deliver crisis aid
DSWD Secretary Rex T. Gatchalian (2nd from left) and LANDBANK President and CEO Lynette V. Ortiz (3rd from left) lead the signing of a Memorandum of Agreement for the improved payouts under the Assistance to Individuals in Crisis Situation (AICS) Program on 21 May 2024 at the DSWD Central Office in Quezon City, with witnesses DSWD Undersecretary Monina Josefina H. Romualdez (leftmost) and LANDBANK Executive Vice President Liduvino S. Geron (rightmost). The partnership aims to facilitate the efficient and timely delivery of financial aid to crisis-affected individuals in need of essential support services. Land Bank of the Philippines (LANDBANK) has been tapped by the Department of Social Welfare and Development (DSWD) for the efficient and timely delivery of financial relief to crisis-affected individuals, including those in remote and underserved communities. Under DSWD’s Assistance to Individuals in Crisis Situation (AICS) Program, LANDBANK will serve as the Department’s disbursement partner and will engage financial service providers to effectively facilitate payouts in identified regions. This new set-up eliminates the need for beneficiaries in remote communities and geographically isolated and disadvantaged areas (GIDAs) to travel to other towns and cities to seek and receive financial aid from DSWD Regional Offices. The pilot implementation will cover beneficiaries in the National Capital Region, Cagayan, Central Luzon, and CALABARZON. “Through our partnership, we look to ensure the swift and timely delivery of financial aid to vulnerable individuals and families suffering from unforeseen life events or crises, including those beneficiaries in far-flung areas,” said LANDBANK President and CEO Lynette V. Ortiz. DSWD Secretary Rex T. Gatchalian and LANDBANK President and CEO Ortiz led the signing of the Memorandum of Agreement (MOA) for the pilot implementation of the improved delivery of the AICS Program on 21 May 2024 at the DSWD Central Office in Quezon City. Witnesses include DSWD Undersecretary Monina Josefina H. Romualdez and LANDBANK Executive Vice President Liduvino S. Geron. The AICS Program supports the recovery of individuals and families suffering from unexpected life events or crises by providing assistance for medical, burial, transportation, food, educational, financial or other essential needs. LANDBANK serves as the main distribution arm of the National Government’s various social protection programs, facilitating the timely and safe disbursement of financial assistance to vulnerable and underserved sectors. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
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LANDBANK delivers P2.5-B loans in support of rice farmers
Amid the devastating impact of El Niño on local harvests, Land Bank of the Philippines (LANDBANK) remains aggressive in extending financial support to rice farmers as total loans released through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) reached P2.5 billion as of 30 April 2024. In partnership with Department of Agriculture (DA), LANDBANK has been successful in fully disbursing the P500-million allocated annual fund under ERCA-RCEF from 2019 to 2023. The Bank continues to make loans available to rice farmers and their cooperatives at affordable interest rates with minimum documentary requirements. "LANDBANK's support to the agriculture sector is crucial to ensuring food security in the country. We are committed to providing continued financial assistance to our rice farmers to help them sustain their operations and improve productivity, especially in the face of challenges including the El Niño phenomenon," said LANDBANK President and CEO Lynette V. Ortiz. The P2.5-billion loans released by LANDBANK under ERCA-RCEF benefitted over 15,400 individual rice farmers and 270 cooperatives with more than 21,300 member-beneficiaries, which were channeled to support palay production, milling and trading, re-lending, and acquisition of farm machineries. Under the Program, 98% of LANDBANK’s direct borrowers are individual rice farmers. Majority of the loan borrowers came from the rice producing provinces of Region 2, particularly Cagayan, Nueva Vizcaya, and Quirino, with LANDBANK assisting 4,945 borrowers for a total of P612.4 million in loans released. It was followed by Region 3 with 2,243 borrowers for total loan releases amounting to P840.3 million. The state-run Bank also extended assistance to rice farmers in Visayas and Mindanao, including the provinces of Capiz, Leyte, Agusan del Sur, Bukidnon, North Cotabato, and Zamboanga del Sur. LANDBANK’s steadfast commitment to the agriculture sector supports the celebration of the Farmers’ and Fisherfolk’s Month this May, which aims to recognize the invaluable contributions of farmers and fishers in nation-building and in achieving food security in the country. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside.
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LBRDC bags multiple GCG awards for corporate governance
The LBP Resources and Development Corporation (LBRDC), a subsidiary of the Land Bank of the Philippines (LANDBANK), receives three awards from the Governance Commission for Government-Owned and Controlled Corporations (GCG) for its exceptional performance and commitment to service excellence. The awards are presented by Executive Secretary Lucas P. Bersamin (5th from left) alongside GCG Chairperson Atty. Marius P. Corpus (6th from left) and GCG Commissioners Atty. Brian Keith F. Hosaka (leftmost) and Atty. Geraldine Marie Berberabe-Martinez (2nd from left) to LBRDC President and CEO Col. Ricardo C. Juliano (4th from left), Board Chairperson Lt. Gen. Antonio Ramon A. Lim (3rd from left), Director Lourdes Candy R. Darimbang (7th from left), Director Pamela S. Baricuatro (8th from left), Director Feliciano L. Macalino (9th from left), and Director Abner O. Malabanan (rightmost). LBRDC earned ninth place among the country’s GOCCs in the CY 2022 Performance Scorecard in corporate governance, while LANDBANK received the highest rating, and ranked first overall. The Corporation was also honored as one of the Most Improved GOCCs based on its Performance Scorecard Rating from CY 2021 to CY 2022. The GCG awards received reflect LANDBANK's dedication to fostering a culture of transparency, integrity, and accountability within the organization and across its subsidiaries.
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LANDBANK to adopt QR feature in cash aid delivery
LANDBANK President and CEO Lynette V. Ortiz (4th from left) and Traxion Founder and CEO Ann J. Cuisia (5th from left) lead the signing of a Memorandum of Agreement (MOA) to formalize a partnership for QR code card enablement and technology solution on 09 May 2024 at the LANDBANK Plaza in Manila. Joining them from LANDBANK are Executive Vice Presidents Leila C. Martin (3rd from left) and Alan V. Bornas (2nd from left), and Senior Vice President Catherine Rowena B. Villanueva (leftmost), alongside Traxion Chief Operations Officer Joshua Allen C. Santos (6th from left), and Business Development Head Oliver Liggayu (rightmost). Land Bank of the Philippines (LANDBANK) will soon use cards with quick response (QR) code functionality to facilitate more convenient and secure cash aid disbursement to beneficiaries of the National Government’s social amelioration programs. The LANDBANK cards with QR code will provide beneficiaries an alternative method to immediately receive and access their funds, ensuring timely assistance from government agencies especially during emergencies and other special subsidy payouts. LANDBANK has teamed up with Traxion Pay to facilitate the innovative payment option, through the signing of a Memorandum of Agreement (MOA) led by LANDBANK President and CEO Lynette V. Ortiz and Traxion Founder and CEO Ann J. Cuisia on 09 May 2024 at the LANDBANK Plaza in Manila. They were joined by LANDBANK Executive Vice Presidents Leila C. Martin and Alan V. Bornas, and Senior Vice President Catherine Rowena B. Villanueva, alongside Traxion Chief Operations Officer Joshua Allen C. Santos, and Business Development Head Oliver Liggayu. “As our newest fintech-enabling partner, Traxion’s technical expertise will be invaluable in the implementation of our plan to integrate QR code functionality into our cards to facilitate convenient, seamless, and secure cash disbursements, especially under the government's social amelioration programs. We expect to further accelerate our efforts to promote QR Ph code-enabled person-to-person and person-to-merchant payments with our partnership,” said LANDBANK President and CEO Ortiz. Under the partnership, Traxion will also provide technology solutions to enable QR Ph person-to-person (P2P) and person-to-merchant (P2M) payments. This will complement LANDBANK’s digital banking solutions to service the requirements of government agencies for the seamless collection of fees and charges. The adoption of QR code in payment services is in line with the thrust of the Bangko Sentral ng Pilipinas (BSP) of ensuring the safety, efficiency, and reliability of payment systems in support of advancing inclusive economic growth. The new partnership also covers the onboarding of over 200 Traxion partner cooperatives to the LANDBANKasama Program. This is expected to boost the Bank’s reach in rural areas to bring financial services closer to more Filipinos. “With Traxion's end-to-end phygital banking and payment solutions, LANDBANK can leverage the latest advancements in hybrid technology to serve all customer types, across generations, and locations. The extensive technology deployed will reduce the cost of doing business, extend LBP’s agency banking activities, and empower the enablers Traxion has been supporting,” said Traxion CEO Cuisia. 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. These services include cash withdrawals, cash deposit, fund transfers, bills payment, and balance inquiry. The program benefits clients, including beneficiaries of the Conditional Cash Transfer (CCT) Program of the National Government, who need to travel to other towns and cities to conduct basic financial transactions. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to provide responsive and meaningful services beyond banking, and leverage on innovative technology for safe, convenient, and accessible digital banking solutions.
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