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LANDBANK boosts support in rice-producing provinces with agri-hubs
Bongabong Mayor Elegio A. Malaluan (middle) and LANDBANK Executive Vice Presidents Liduvino S. Geron (2nd from right) and Ma. Celeste A. Burgos (rightmost) lead the inauguration of the LANDBANK Bongabong Agri-Hub on 08 March 2024. Joining them are Victoria Mayor Joselito C. Malabanan (4th from right) and Oriental Mindoro Board Member Atty. Jomarc Philip E. Dimapilis (leftmost). State-run Land Bank of the Philippines (LANDBANK) recently inaugurated agri-hubs in Oriental Mindoro and Misamis Occidental, in its continued bid to boost the rice production and economic activities in these provinces. LANDBANK has been establishing agri-hubs in the country’s top rice-producing provinces to bring various financial services under one roof. These include banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as the processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns. “The strategic presence of LANDBANK agri-hubs in the country’s top rice-producing provinces ensures that we meet the developing needs of rice farmers and other agricultural players. We aim to make financial services more accessible and contribute to boosting domestic rice production,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK Bongabong Agri-Hub located in Barangay Poblacion, Bongabong in Oriental Mindoro, brings financial services closer to the 36 barangays of the town and the three nearby barangays of the Municipality of Bansud. The touchpoint benefits over 12,200 farmers and fishers; 5,300 DSWD beneficiaries; local government workers; and private clients, who no longer need to travel to LANDBANK branches and lending center in Pinamalayan, Roxas, and Calapan City, respectively, for 30 minutes to two hours. Bongabong Mayor Elegio A. Malaluan, together with LANDBANK Executive Vice Presidents Liduvino S. Geron and Ma. Celeste A. Burgos, led the inauguration of the Bongabong Agri-Hub on 08 March 2024. They were joined by Victoria Mayor Joselito C. Malabanan and Oriental Mindoro Board Member Atty. Jomarc Philip E. Dimapilis. (left photo) The LANDBANK Plaridel Agri-Hub hub rises as the first-ever commercial bank in the Municipality of Plaridel, as (right photo) Plaridel Mayor Gadwin E. Handumon (2nd from left) joins LANDBANK Executive Vice Presidents Liduvino S. Geron (3rd from left) and Ma. Celeste A. Burgos (4th from left) during its inauguration on 16 February 2024. LANDBANK also inaugurated the Plaridel Agri-Hub in Barangay Panalsalan, Plaridel in Misamis Occidental to service the 61 combined barangays of the municipalities of Plaridel and Lopez Jaena, including over 23,000 farmers and fishers. Considered as the very first commercial bank in the town, the LANDBANK Plaridel Agri-Hub allows customers to conveniently perform their transactions without having to travel to Oroquieta City for over 30 minutes and to Dipolog City for more than one hour, to reach a LANDBANK branch and lending center, respectively. Plaridel Mayor Gadwin E. Handumon joined LANDBANK Executive Vice Presidents Geron and Burgos during the inauguration rites for the Plaridel Agri-Hub on 16 February 2024. The newly inaugurated LANDBANK Agri-Hubs are equipped with an automated teller machine (ATM) for fast, safe, and convenient cash withdrawals, and features a Digital Corner where clients can open a deposit account in 15 minutes or less using the LANDBANK Digital Onboarding System (DOBS). The two facilities complement the other 14 LANDBANK Agri-Hubs strategically located in the top-rice-producing provinces of the country. LANDBANK’s network of 607 branches and branch-lite units are designed to reach and service the requirements of its diverse customer base, including unbanked and underserved areas. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is 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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LANDBANK recognized for contributions to basic education
Vice President and Department of Education Secretary Sara Z. Duterte-Carpio (leftmost) and Undersecretary Atty. Michael Wesley T. Poa (rightmost), present the award to LANDBANK, represented by Senior Vice President Marilou L. Villafranca (2nd from left) and Vice President Mylene B. Macapagal (3rd from left). (Photo courtesy of DepEd) The Land Bank of the Philippines (LANDBANK) was honored during the annual “Partners’ Appreciation and Recognition” ceremony of the Department of Education (DepEd) on 20 February 2024, highlighting the Bank’s significant contributions to advancing quality basic education in the country. Vice President and DepEd Secretary Sara Z. Duterte-Carpio, together with Undersecretary Atty. Michael Wesley T. Poa, presented the award to LANDBANK Senior Vice President Marilou L. Villafranca and Vice President Mylene B. Macapagal on behalf of the Bank. The award recognized LANDBANK’s steadfast commitment and unwavering support for the DepEd’s MATATAG Agenda, which complements the goals and aspirations for the Philippine Basic Education Development Plan. This underscored the Bank's role in helping ensure access to quality education for all learners in the Philippines. LANDBANK remains steadfast in its commitment to supporting initiatives that empower and uplift communities through education, further solidifying its role as a key partner of the national government in nation-building.
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LANDBANK, OFBank, DMW partner to ramp-up delivery of OFW claims
LANDBANK President and CEO and OFBank Chairperson Lynette V. Ortiz (Center), OFBank OIC Atty. Reo S. Andarino (5th from left), and DMW OIC-Secretary Hans Leo J. Cacdac (3rd from left) lead the signing of a Memorandum of Agreement to fast-track the delivery of indemnity claims for OFWs affected by company closures in Saudi Arabia. Joining them as witnesses are DMW Usec. Maria Anthonette C. Velasco-Allones (leftmost) and Usec. Bernard P. Olalia (2nd from left), together with LANDBANK Executive Vice President Liduvino S. Geron (6th from left), and OFBank Relationship Officer Jose Aryiel G. Castor. (rightmost). The Land Bank of the Philippines (LANDBANK), the Overseas Filipino Bank (OFBank), and the Department of Migrant Workers (DMW) have joined forces to expedite the delivery of indemnity claims to Overseas Filipino Workers (OFWs) displaced by the bankruptcies of Saudi Arabian construction companies in 2015 and 2016. The collaboration will integrate and streamline the processes of LANDBANK and OFBank with the DMW, to fast-track the processing and crediting of checks as compensation for the unpaid wages and other benefits of affected OFWs, including the claimant families of eligible workers already deceased. As of 29 February 2024, LANDBANK and OFBank have credited a total of 1,211 checks to affected OFWs amounting to US$16.4 Million. LANDBANK President and CEO and OFBank Chairperson Lynette V. Ortiz, OFBank OIC Atty. Reo S. Andarino, and DMW OIC-Secretary Hans Leo J. Cacdac led the signing of the tripartite Memorandum of Agreement at the DMW Office in Pasig on 01 March 2024. Witnesses include DMW Undersecretaries Maria Anthonette C. Velasco-Allones and Bernard P. Olalia, alongside LANDBANK Executive Vice President Liduvino S. Geron, and OFBank Relationship Officer Jose Aryiel G. Castor. “We're happy to be able to help with this project for our OFWs. We want to ensure that the back pays of all our displaced kababayans are delivered at the soonest possible time,” said LANDBANK President and CEO and OFBank Chairperson Ortiz. LANDBANK will offer over-the-counter banking services to eligible OFWs to claim their indemnity claims, free of charge, through the Bank’s extensive network of 607 branches and branch-lite units nationwide. The Bank will likewise coordinate with foreign depository banks in monitoring the Outward Bills for Collection (OBC) from the OFWs, and facilitate the flow of inward funds to the OFBank accounts of their beneficiaries. Meanwhile, the OFBank will assist OFWs and their beneficiaries, including those who are currently overseas, with opening an account and accessing the Bank’s digital services, while collaborating with the DMW in raising awareness on the procedures covering the negotiation of indemnity checks from foreign employers. OFBank will also spearhead the provision of financial education services to OFWs particularly on savings and investment management and accessing the Bank’s digital services. “We are thankful for this long-standing partnership. Ang tulong ng LANDBANK sa ating mga OFWs ay di matatawaran. And the good news is we can do so much more. Among others, this matter on the claims of the workers in Saudi Arabia is very high on the agenda,” said DMW OIC-Secretary Cacdac. The DMW will be coordinating with all the identified beneficiaries and will provide assistance on the procedures for the negotiation of the checks. The department will also maintain a helpline to immediately respond to the inquiries of qualified OFWs and their beneficiaries. The DMW will likewise handle the negotiation for the cases of deceased eligible OFWs in favor of their identified heirs and family members. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions. ABOUT OFBank The OFBank, a fully-owned subsidiary of LANDBANK, is the country’s first digital government Bank which is focused on serving the diverse banking and financing requirements of Filipinos overseas. The Bank is serving clients from a total of 132 countries and territories as of 29 February 2024, including the top 10 destinations for the deployment of overseas Filipino workers (OFWs).
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LANDBANK advances financial inclusion for farmers, fishers in GIDA communities
LANDBANK President and CEO Lynette V. Ortiz (middle) leads the rollout of the Bilis Ipon: Digital Financial Inclusion Caravan in Caoayan, Ilocos Sur on 01 February 2024 to bring banking and financing services closer to local farmers, fishers, and 4Ps beneficiaries. In line with bringing banking and financing services closer to far-flung and underserved communities, the Land Bank of the Philippines (LANDBANK) has been rolling out a series of caravans nationwide to introduce the Bank’s digital products and affordable loan offerings. LANDBANK has successfully conducted the "Bilis Ipon: Digital Financial Inclusion Caravan” in 13 provinces this year, which includes communities classified as Geographically Isolated and Disadvantaged Areas (GIDA). Over 700 farmers, fishers, Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries, and local partners have participated in insightful discussions and demonstrations on how to boost their savings and livelihood. The caravan offers participants on-the-spot opening of the new LANDBANK PISO Plus basic deposit account, with no initial deposit and maintaining balance. The rollouts also feature the new AGRISENSO Lending Program, designed to provide affordable credit assistance for small farmers and Agrarian Reform Beneficiaries (ARBs), among other agriculture players. “We at LANDBANK believe that financial inclusion is the cornerstone of empowered and resilient communities. We remain steadfast with our commitment to bridging the financial gap by bringing accessible banking solutions closer to Filipinos, including those in remote and underserved areas,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK remains the only Bank present in all 82 provinces of the country, with physical presence in 1,437 cities and municipalities out of the total 1,634 for an 88% nationwide coverage as of January 2024. To better service GIDAs, the Bank is partnering with local players—cooperatives, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities—to provide basic banking services through its LANDBANKasama Program. The collaboration helps local customers save on transportation costs as they no longer need to travel to other towns and cities to perform cash withdrawals and cash deposits, fund transfers, bills payments, and balance inquiries, among basic banking transactions. (left photo) Plaridel Mayor Gadwin E. Handumon (4th from left) and LANDBANK senior officials join the participants after the successful cash-out demonstration with a LANDBANKasama Partner during the Digital Financial Inclusion Caravan in Plaridel, Misamis Occidental on 16 February 2024. (right photo) Plaridel Farmer Lolita C. Palangpangan shares that the presence of a LANDBANKasama Partner near them can save her P70 on transportation. “Ang nakaayo sa LANDBANK kay dili na kaayo gastos kay mas gamay na man ang among plitehan kay naa ra man sa duol ang among co-op, ikumpara sa moadto mi sa LANDBANK branch nga layo,” said farmer Lolita C. Palangpangan during the recent Caravan in Plaridel, Misamis Occidental, noting that she now saves P70 on transportation. (“One benefit of LANDBANKasama is lower transportation costs for us since our co-op is located nearby, compared to the fare we pay for traveling to a more distant LANDBANK branch.”) Another leg of the Caravan in Ilocos Sur on 01 February 2024 saw LANDBANK sign a Memorandum of Understanding with the Nueva Segovia Consortium of Cooperatives (NSCC) to onboard more than 400 cooperative-affiliates as new LANDBANKasama Partners. The Bank currently has over 1,080 LANDBANKasama Partners nationwide operating 1,825 point-of-sale (POS) terminals. The next run of the LANDBANK Bilis Ipon: Digital Financial Inclusion Caravan will be held in Nueva Ecija, Cavite, Ilocos Norte, and Negros Occidental, in line with the Bank’s continuing efforts to promote financial inclusion and inclusive development 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. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
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PhilHealth lauds LANDBANK as outstanding wellness partner
Philippine Health Insurance Corporation (PhilHealth) President and CEO Emmanuel R. Ledesma, Jr. presents to the Land Bank of the Philippines (LANDBANK) the ‘Best Accredited Collecting Agent in Premium Contributions Award’ and the ‘Outstanding Government Securities (GS) Purchases Award’ during the 2024 Stakeholders’ Awarding Ceremony on 14 February 2024 in Quezon City. Receiving the award on behalf of LANDBANK are (left photo) Executive Vice President Liduvino S. Geron (4th from left), Senior Vice President Marilou L. Villafranca (3rd from left), Pasig Capitol Branch Head Vice President Mylene B. Macapagal (2nd from left); and (right photo) First Vice President Ma. Francia O. Titar (3rd from right). Joining them are (left photo) PhilHealth EVP and COO Atty. Eli Diño D. Santos (leftmost) and Acting VP Rey Baleña (rightmost).
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Kaagapay mo sa buhay: LANDBANK calls on public to invest in RTB-30 to boost savings
State-run Land Bank of the Philippines (LANDBANK) is inviting Filipinos to participate in the Bureau of the Treasury’s (BTr) latest retail treasury bonds offering to save more of their money, while also helping the National Government to raise funds for the country’s development projects. Interested investors may purchase the BTr’s Retail Treasury Bonds Tranche 30 (RTB-30) with a minimum investment of P5,000.00, offering an annual fixed interest rate of 6.25% within a five-year term. The proceeds from the issuance will be channeled towards enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities. “The BTr’s RTB-30 not only offers investors higher financial returns but also the opportunity to take part in nation-building. Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK serves as one of the Joint Lead Issue Managers of RTB-30, which has the theme,“Kaagapay Mo Sa Buhay.” The offer period will end on 23 February 2024 or earlier as determined by the BTr, and the issue date is scheduled on 28 February 2024. Interest payments will be paid quarterly during the term of the bond. More accessible than ever Investing in BTr’s RTB-30 has been made more convenient and easier for interested investors in the country and abroad through LANDBANK’s various investment channels. LANDBANK account holders can make online placements for RTB-30 in as fast as five minutes through the LANDBANK Mobile Banking App. This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK—allowing Filipinos from 130 countries to conveniently invest in the bond offer. Interested investors can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may also exchange and reinvest their bond holdings for the latest bond offer via over-the-counter transactions. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to supporting the National Government’s fundraising initiatives to boost public resources for the country’s development plans and programs.
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LANDBANK unveils time deposit supporting social, sustainable projects
The Land Bank of the Philippines (LANDBANK) is offering a new sustainable time deposit product that channels funding support for social and environmental initiatives, while providing customers a secure avenue for financial returns. The LANDBANK GreenGrowth Deposit features tiered interest rates as high as 4.25% per annum and is made available to individuals and private institutions. Deposited funds under GreenGrowth Deposit will further boost LANDBANK’s thrust of sustainable financing, focusing on renewable energy projects, green technologies, and other eco-friendly initiatives and investments. The funds will be also allocated for community-centric programs aimed at enhancing social welfare. “The LANDBANK GreenGrowth Deposit reflects our dedication to creating a greener and more sustainable future, while encouraging customers to be part of this transformative journey. Open an account now where each peso deposited contributes to creating ripples of meaningful change,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s new time deposit product features a fixed one-year term, with a minimum placement of P50,000 offering a 2.25% interest rate per annum. Customers can enjoy higher returns of up to 4.25% interest rate for deposits amounting to P5 million and above. Interested customers may open the LANDBANK GreenGrowth Deposit account online via the LANDBANK Digital Onboarding System (DOBS) and visit any of the 607 LANDBANK branches and branch-lite units nationwide to complete the account setup. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to sustainable finance towards building a stronger and more resilient economy.
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LANDBANK bags 5 Quill Awards for communication excellence
The Land Bank of the Philippines (LANDBANK) bagged five (5) recognitions at the 2024 Philippine Quill Awards for its exemplary communication campaigns and initiatives. LANDBANK Corporate Services Sector Head, Executive Vice President Alex A. Lorayes (middle) receives the awards for the Bank, with Senior Vice President Catherine Rowena B. Villanueva (3rd from left), First Vice President Vivian M. Cañonero (5th from left), Assistant Vice Presidents Gaudioso Carlos A. Garcia (6th from left) and Melissa B. Calimag (2nd from left), and Unit Heads Joselito G. Ramos (leftmost) and Kurt Dale O. Tordesillas (rightmost). The Land Bank of the Philippines (LANDBANK) garnered five (5) recognitions at the 20th Philippine Quill Awards for its exemplary communication campaigns and initiatives that effectively convey the Bank’s pivotal role and contributions to national development. The state-run Bank received the honors on 23 January 2024 for both the Communication Management and Communication Skills categories, recognizing LANDBANK's strategic communication efforts in servicing its diverse publics and stakeholders. “These Quill awards are a testament to LANDBANK's unwavering commitment to excellence, innovation, and meaningful customer engagement. They inspire us further to continue elevating our service and promoting our advocacies of financial inclusion and sustainability," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s Quill Awards The LANDBANK Serving the Nation Campaign earned a recognition in the Marketing, Advertising and Brand Communication category for effectively reintroducing the Bank's expanded role as a driver of national development. The campaign highlighted LANDBANK's intensified support to the agricultural sector and other key economic sectors. The LANDBANK Serving the Nation Institutional Video was recognized under the Audio and Visual category. With the central theme of "Para sa Kinabukasan ng Bayan," the video showcases the Bank's holistic programs and initiatives is support of its diverse customers. Under the Communication Management category, the Bank’s Hybrid Flag Ceremony was also recognized for the Bank’s innovative response to physical restrictions on mass gatherings, thereby continuing to foster a sense of unity and community among its employees at the height of the global health pandemic. The Bank’s #MyTEStimony campaign received a recognition under the Social Media Category for showcasing the challenges and triumphs of the government’s scholars under the Tertiary Education Subsidy (TES) Program, in partnership with the Commission on Higher Education (CHED). Finally, the LANDBANK Information Security Campaign received a Quill Award for raising the awareness of customers and the general public against various types of online banking fraud to better safeguard their finances. The Philippine Quill Awards, organized by the International Association of Business Communicators (IABC) Philippines, is a prestigious awards program in the field of business communication, celebrating the strategic use of communication to achieve business goals, foster positive stakeholder relationships, and contribute to societal development. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
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LANDBANK caps off 2023 with P755.1-B support to agri, rural dev’t
The Land Bank of the Philippines (LANDBANK) continues to intensify its support to advance growth in the countryside, with outstanding loans to the entire agricultural value chain surging to P755.1 billion as of end-December 2023. The Bank expanded its loans to agriculture and rural development by 23% from P614.8 billion in the third quarter, driven by strategic financing for agriculture and fisheries production, sustainable projects, and public rural infrastructure under Republic Act No. 11901, otherwise known as “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” LANDBANK’s investments in promoting countryside development of P755.1 billion represents 51% of the Bank’s total loan portfolio. “As LANDBANK's role in nation-building continues to expand, our commitment to advancing countryside development has remained steadfast. Through accessible financing and support interventions, we are empowering communities and enriching lives, while boosting the National Government's inclusive and sustainable development agenda," said LANDBANK President and CEO Lynette V. Ortiz. A substantial portion of LANDBANK’s P255.2 billion financing for agriculture, fisheries and rural development (AFRD) backed rural infrastructure projects, such as public markets, highways, and transport systems. Another P186.3 billion supported sustainable projects designed to mitigate climate change and promote responsible resource management. In support of agriculture and fisheries production, LANDBANK provided P118.1 billion for the processing of fisheries and agri-based products, and farm inputs. Efforts toward modernizing farming practices and business processes were dedicated with a P70 billion boost. Off-farm and fishery entrepreneurship also received P61.6 billion, while projects promoting the health and wellness of agri players and beneficiaries were allocated P43.4 billion. The rest of LANDBANK’s AFRD financing covers various aspects of the agri value chain, including marketing, processing, distribution, shipping and logistics, storage of agricultural and fishery commodities, construction, acquisition and repair of facilities, agri-tourism, and agricultural mechanization, among others. LANDBANK is projecting its AFRD loans to reach P825 billion by the end of 2024, driven by the growing requirements for public rural infrastructure and sustainable green projects, in continued support of the Bank’s mandated and other priority sectors. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is 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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LANDBANK Marks Record P40.3 Billion Net Income in 2023
The Land Bank of the Philippines (LANDBANK) ended 2023 with an all-time high net income of P40.3 billion—the very first time that it breached the P40-billion mark surpassing its full-year target by P5 billion. The Bank’s 2023 profit translates to a substantial 34% expansion from P30.1 billion in 2022. The robust financial performance was fueled by strong revenues from loans and investments alongside prudent cost management. “LANDBANK’s strong financial performance in 2023 exemplifies sound management committed to deliver remarkable results in a thriving economy. We will build on this growth momentum to further drive meaningful investments in advancing inclusive and sustainable development in the country," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s assets climbed 4.2% to P3.3 trillion, bolstered by strong deposit inflows and income generated from loans and investments. The Bank saw deposits grow by 4.5% to P2.9 trillion. The state-run Bank maintains a stable and robust capital position, with year-end capital jumping to P266.8 billion on the back of strong profitability. This translates to 27% year-on-year growth from P210.6 billion last year. LANDBANK’s financial ratios continued to be at healthy levels, with Capital Adequacy Ratio (CAR) at 16.35% and Common Equity Tier 1 Ratio (CET 1) at 15.46%. Return on equity stood at 16.87%, significantly higher than the 12.15% industry average. This strong financial base will further enhance support for agriculture, fisheries and rural development (AFRD), as well as other key development sectors, in line with the Bank’s broader thrust of serving the nation. From January to December 2023, LANDBANK’s loans granted to various sectors translated to more infrastructure facilities and basic services provided to Filipinos across the country. “We look forward to 2024 as another banner year for LANDBANK, underscoring our commitment to transformative and disruptive digital initiatives. This momentum gives us much optimism towards reaching new milestones in expanding financial inclusion nationwide,” added President and CEO Ortiz. Finance Secretary and LANDBANK Chairman Ralph G. Recto recently met with the LANDBANK Management, and commended the Bank for surpassing its financial targets in 2023, maintaining a strong capital position, and intensifying support to agriculture, fisheries, and rural development. He also lauded the bank's strong support of the national government’s programs and the implementation of various digital platforms. Secretary Recto also assured full support for the bank's strategic initiatives in 2024 for national development lending, treasury and investment, digital banking, and cybersecurity, among other areas. LANDBANK garnered the highest rating for corporate governance in 2022 among government-owned and controlled corporations (GOCCs) in the country from the Governance Commission of GOCCs (GCG). ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to being at the forefront of nation-building through the delivery of responsive services beyond banking.
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LANDBANK backs Iloilo market vendors with QR payments
Iloilo Terminal Market vegetable stall owner Jasmin Marasigan now accepts cashless payments via QR code powered by LANDBANK. ILOILO CITY, Iloilo – In line with its commitment to make cashless transactions more accessible, the Land Bank of the Philippines (LANDBANK) has equipped Iloilo City’s public market store owners with the capacity to accept digital payments. Jasmin Mangalisan, a vegetable vendor at the Iloilo Terminal Market, is grateful for the increased security and efficiency in her digital transactions since adopting the use of Quick Response (QR) technology powered by LANDBANK. "Ang cashless nga pagbayad sa akon dako nga bulig sa adlaw-adlaw namon nga negosyo, labi na gid sa mga holiday. Wala na sang peke nga kwarta mabaton, gamay nga sinsilyo na lang kag hapos magbayad sa akon nga mga suppliers gamit ang online transfers," Jasmin said. (“Cashless payment has become a game-changer in our day-to-day business, especially during the holidays. No more fake money scares, less bulky loose change to manage, and it’s easier to pay my suppliers through online transfers”) Aside from the improved security, Jasmin noted the significant convenience that QR payment has afforded her since the recent rollout of PalengQR Ph Plus in Iloilo City. "Ang kwarta na ginabayad sa akon mahapos magamit tungod sa akon LANDBANK account. Kag sa akon nga LANDBANK ATM kag Mobile Banking App, ang pagsulod kag kuha sang kwarta, mahapos na lang," she added (“My collections are readily accessible through my LANDBANK account, and with my ATM card and Mobile Banking App, cash in and out is a breeze.”) The Paleng-QR Ph Plus program is spearheaded by the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), which aims to promote the use of QR Ph, the national standard for electronic payments, through QR codes. "LANDBANK is leveraging the transformative power of digitalization to advance cashless transactions across local markets nationwide. In partnership with the BSP and DILG, we are empowering store owners like Jasmin, as we continue to promote financial freedom for all," said LANDBANK President and CEO Lynette V. Ortiz. The Bank's active participation in the PalengQR Ph Plus program nationwide extends beyond Iloilo City. Since August 2022, the Bank has facilitated on-the-spot account openings for market vendors, customers, and public transport drivers nationwide. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
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Healthway secures P500-M LANDBANK loan for cancer patients’ care
(seated) LANDBANK President and CEO Lynette V. Ortiz (3rd from right) and Ayala Healthcare Holdings (AC Health) and Healthway Cancer Care Hospital (HCCH) Chairman Paolo Maximo Borromeo (4th from right) formalize a P500-million loan agreement in support of HCCH on 10 January 2024 in Taguig City. Joining them as witnesses from LANDBANK are Executive Vice President Ma. Celeste A. Burgos (2nd from right) and Senior Vice President Lucila E. Tesorero (rightmost), alongside Healthway Medical Network (HMN) and HCCH President and CEO Jaime E. Ysmael (5th from right) and AC Health and HCCH Chief Finance Officer Ruby P. Chiong (leftmost). TAGUIG CITY – The Land Bank of the Philippines (LANDBANK) has granted a P500-million loan to the newly inaugurated Healthway Cancer Care Hospital (HCCH) in Arca South, Taguig City. HCCH is under AC Health’s hospitals and clinics arm, the Healthway Medical Network (HMN), and is the first dedicated comprehensive cancer hospital in the Philippines. The loan will fund the Hospital’s general corporate requirements, which includes acquisition of essential medical equipment, to enhance the hospital’s capacity to provide the best care to patients battling cancer. This is in line with enhancing access to quality and affordable cancer treatment in the country. "Healthcare is a very important pillar to us at LANDBANK. And this P500-million transaction to boost the operations of Healthway Cancer Care Hospital will go a long way towards providing responsive and accessible cancer care. We hope that this is the start of a fruitful and meaningful partnership that will span many years," said LANDBANK President and CEO Lynette V. Ortiz. The signing ceremony was led by LANDBANK President and CEO Ortiz and AC Health and HCCH Chairman Paolo Maximo Borromeo on 10 January 2024 at the Healthway Cancer Care Hospital in Taguig City. Also present as witnesses were LANDBANK Executive Vice President Ma. Celeste A. Burgos and Senior Vice President Lucila E. Tesorero, alongside HMN and HCCH President and CEO Jaime E. Ysmael and AC Health and HCCH Chief Finance Officer Ruby P. Chiong. HCCH offers a range of treatment modalities, including chemotherapy, radiation, surgery, and diagnostics, catering to a broad base of patients. "The involvement of LANDBANK underscores the power of partnerships in creating a sustainable model that addresses the immediate challenges of cancer care while contributing to the larger mission of improving the overall health landscape in the Philippines – allowing us to sustain our facility, to deliver world-class cancer care and implement innovative solutions that drive down costs. LANDBANK’s support is an endorsement of our vision of transformative, inclusive healthcare," said AC Health and HCCH Chairman Borromeo. HMN and HCCH President and CEO Ysmael added, “The generous support extended by LANDBANK has not only provided us with the necessary resources to keep turning our dream into reality but has also reinforced the belief that, when fighting cancer, we are not alone. This support goes beyond monetary value; it reflects a shared commitment to help others.” HMN is a subsidiary of AC Health, which is a wholly-owned subsidiary of the Ayala Corporation. By fostering collaboration and investing in critical healthcare infrastructure, LANDBANK is strengthening the country’s healthcare system and promoting healthier and more fulfilling lives for Filipinos. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
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