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LANDBANK backs co-op to expand services for uniformed personnel
LANDBANK President and CEO Lynette V. Ortiz (3rd from right) and ACDI Multipurpose Cooperative Chairman MGen Gilbert S. Llanto AFP (Ret) (4th from right) lead the signing of a loan agreement on 08 April 2024 at the LANDBANK Plaza in Manila to boost the co-op’s working capital. The Land Bank of the Philippines (LANDBANK) has extended financial support to the ACDI Multipurpose Cooperative (MPC) to boost the co-op’s working capital catering to uniformed personnel. The state-run Bank has granted ACDI MPC rediscounting lines to provide affordable credit for its over 269,000 members, including active and retired members of the Armed Forces of the Philippines (AFP), and other uniformed personnel. The ACDI MPC is the largest cooperative in the country in terms of assets. The LANDBANK support will help the co-op offer more loan packages at friendly rates to help members buy their dream home and vehicle, establish a business, or send their kids to school. “Since 1996, we are proud to have supported ACDI MPC’s growth and expansion into one of the largest cooperatives in the country. We will remain committed to strengthening the co-op’s working capital to boost its lending activities for our uniformed personnel, and support expansion plans in their other business lines,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK President and CEO Ortiz and ACDI MPC Chairman MGen Gilbert S. Llanto AFP (Ret) led the signing of the loan agreement on 08 April 2024 at the LANDBANK Plaza in Malate, Manila. They were joined by ACDI MPC President BGen Alfredo G. Ramirez AFP (Ret), Executive Vice Presidents Esperanza G. Cauyan and Juliet B. Saavedra, LANDBANK Executive Vice President Ma. Celeste A. Burgos and Senior Vice President Lucila E. Tesorero. “Today, the confidence that LANDBANK has put on us will reflect on the way our people will also operate. Being the leading financial institution of the government, I think it’s a good affirmation of how far ACDI has gone also,” said ACDI MPC Chairman Llanto. LANDBANK is also supporting the ACDI MPC’s digitalization journey for enhanced operations and services through the Bank’s suite of digital banking solutions. The co-op is currently utilizing the LANDBANK weAccess for select banking transactions and the e-Tax Payment System (eTPS) for paying taxes online. Last year, ACDI MPC received the prestigious LANDBANK Distinguished Initiators and Movers of National Development (DIAMOND) Award for Outstanding Non-Agri-based Cooperative during the Bank’s 60th anniversary client commemoration event on 08 August 2023. As of end-February 2024, LANDBANK’s outstanding loans to the cooperative sector have reached P73.8 billion for the benefit of nearly 1,400 agri and non-agri-based co-ops 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 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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Davao cacao co-op relishes sweet success via LANDBANK partnership
The Biao Agrarian Reform Beneficiaries Cooperative (BARBCO) led by General Manager Guadalupe Ocial has grown into a prominent cacao industry player in the Davao region through a productive partnership with LANDBANK. DAVAO CITY – From its humble beginnings to the success it is now reaping, the growth of the Biao Agrarian Reform Beneficiaries Cooperative (BARBCO) is deeply rooted in the soil of collective endeavor, resilience, and fruitful partnerships. BARBCO was established in 1992 by former employees of the defunct Philippine Cocoa States Corporation, and initially ventured into the Lakatan banana industry. BARBCO has since grown into a prominent agriculture player in the region, primarily engaged in cocoa production, marketing, and cocoa liquor and chocolate production. It now has 41 regular members and 215 associate members. Their journey, however, was not without challenges. BARBCO General Manager Guadalupe Ocial admits that the 200 hectares of land awarded to them as Agrarian Reform Beneficiaries (ARBs) was a significant opportunity, but needed much work to really establish a productive and sustainable business. They needed enough working capital to fuel their growth—and this was where the Land Bank of the Philippines (LANDBANK) stepped in. BARBCO first turned to LANDBANK for support during the co-op’s early beginnings in the 1992 when they availed funding for Lakatan banana production. This relationship grew over the years and paved the way for their successful venture into the cacao value chain in 2016. General Manager Ocial emphasizes the importance of this partnership especially in streamlining the process of securing financial assistance whenever they needed it. BARBCO first gained prominence in 2018 as the producer of Chocolate de Biao or "hugot chocolates" which featured sentimental lines, that became popular especially among the younger market. "Because of this long-standing relationship we have with LANDBANK, it was easier for us to process documents for the assistance we need," said General Manager Ocial. Today, BARBCO's portfolio includes the consolidation and processing of cacao beans into various chocolate products, including tablea, nibs, cacao butter, and powder. This access to credit and ease of doing business with LANDBANK has empowered BARBCO to expand their reach. What began with cacao bean consolidation solely within Davao City has now extended to Davao del Norte, Davao Occidental, and Davao del Sur. And the cooperative's success extends beyond financial gains. BARBCO serves as a conduit of support from LANDBANK to its farmer members, ensuring fair compensation for their produce. This commitment to uplifting local farmers has garnered attention even from international food corporations, who now supply cacao beans to BARBCO, drawn by the promise of equitable pricing. "As a cooperative, we are like a channel of the support of LANDBANK. So whatever we get from LANDBANK, we provide it to our farmer members by making sure that we give them the best price for their cacao beans," explained General Manager Ocial. Even during the peak of the COVID-19 pandemic, BARBCO stood resilient, thanks in no small part to the partnership with LANDBANK. Through prudent management and unwavering support, they were able to sustain their workforce, ensuring that employees are properly compensated amid limited operations. For General Manager Ocial, BARBCO's success is not measured solely in profits but in the fulfillment of a collective vision. As she reflects on their journey, she underscores the legacy that the co-op aims to leave behind—a legacy of empowerment, shared prosperity, and community upliftment. "It's a legacy na maiiwan, because I'm not really after my own gain and profit. As long as I can provide for my family, I’m fulfilled. As long as my members and workers are happy and satisfied, then so am I," she added. As BARBCO continues to sow the seeds of success, their partnership with LANDBANK remains steadfast—a testament to the transformative power of collaboration in driving inclusive growth and prosperity in the rich agricultural landscape of Davao and beyond. 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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From national security to food security: Retired cop pursues farming thru LANDBANK
After 25 years in service, retired policeman Ritchie Tenegra ventured into poultry farming, and through LANDBANK’s support, now contributes to enhancing food security for the local community. LEON, Iloilo – From his sworn oath to ‘serve and protect’ the community for 25 years as a dedicated police officer, Ritchie Tenegra shifted his focus towards an equally meaningful purpose: food security. He has since embraced retirement by pursuing his other passion of poultry farming, and is now one of the reliable food suppliers in this town. At a young age, Ritchie saw the potential of animal farming through his parents who owned a piggery. He later followed their footsteps and established his own small piggery in his backyard in 2010 as an additional source of income to support his family. While still in the police force, he had limited capital to start his piggery operations. So Ritchie applied to be a beneficiary of the Swine Dispersal Program of the Department of Agriculture (DA), and was provided his very first piglet that he grew and multiplied. “Mahirap pagsabayin ang pagpupulis at pag-aalaga ng baboy, pero kailangan ng tiyaga dahil kulang talaga para sa pamilya ko ang sahod ko, lalo na’t may mga anak akong nag-aaral,” he said. (It's hard to be a police enforcer and raise pigs at the same time, but it takes patience because my salary is really not enough for my family, especially since I have children still in school.) Encouraged by a fellow cop to diversify his farm with a chicken coop, he delved into poultry farming in 2013, starting with a mere 20 heads. Upon retiring from the service in 2020, Ritchie dedicated himself to full-time farming, and applied for a loan from the Land Bank of the Philippines (LANDBANK) to expand his piggery. However, just a week after his loan was approved, the African Swine Flu outbreak hit the country, which devastated the local pig industry. Eager to push through with his new purpose, Ritchie shifted his focus towards expanding his chicken coop through LANDBANK's Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program, where he secured a P1 million loan to fund the improvement of his poultry farm in 2022. "Malaking tulong talaga ang LANDBANK sa pagpapalago ng manukan ko. Saan ka makakita ng loan sa bangko na isang milyon, tapos P20,000 lang ang interes taon-taon? Kaya malaki talaga ang pasalamat ko sa LANDBANK," Ritchie said. (LANDBANK has really been a huge help in growing my chicken coop. Where can you find a bank loan of one million, then the interest is only P20,000 every year? So I am really grateful to LANDBANK.) From the 20 chickens in a 4-by-6-meter coop in his backyard, the loan supported the scaling up of his poultry operations to an increase in his flock size to 2,000 breeders, and the expansion of his coop to cover an area of 2,000 square meters. In less than a year since his expansion, Ritchie has become a reliable supplier for the DA’s Chicken Dispersal Project, wherein they give away hens to aspiring poultry farmers—just like Ritchie once was. He has also become an established supplier of poultry products for local eateries and restaurants. “Kung hindi dahil sa LANDBANK, hindi lalaki nang ganito itong manukan namin. Malaki talaga ang naitulong ng LANDBANK sa pamilya ko,” said Ritchie. (If it wasn't for LANDBANK, our chicken coop wouldn't grow like this. LANDBANK really helped my family a lot.) LANDBANK remains steadfast in its commitment to servicing the growth requirements of farmers like Ritchie nationwide. In partnership with the DA, LANDBANK provides necessary credit to farmers and fishers, plus their cooperatives and associations, as well as micro and small enterprises (MSMEs) through the ACEF Lending Program, which helps increase their production and enhance their competitiveness. As of January 2024, LANDBANK has released a total of P12.1 billion in loans under the ACEF program towards fostering sustainable and inclusive growth in the agriculture sector. 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 sees rise in online investors after RTB-30 sales surge
Demand among Filipino retail investors to utilize digital investment platforms is growing, as the Land Bank of the Philippines (LANDBANK) sold significantly more online placements in the recently concluded Retail Treasury Bonds Tranche 30 (RTB-30) issuance of the National Government. The Bank sold close to half a billion or P438 million worth of RTB-30 investments through its online channels, which is almost three fold of what it sold in the last RTB-29 offering in 2023. LANDBANK’s online sales represent two-thirds of the total RTB-30 online sales worth P664 million. “The significant increase in online placements for RTB-30 reflects the growing confidence of retail investors in using our digital solutions. LANDBANK will remain committed to providing Filipinos with secure and convenient ways to participate in the financial market and contribute to nation-building,” said LANDBANK President and CEO Lynette V. Ortiz. The RTB-30 digital placements worth P438 million were sold through the LANDBANK Mobile Banking App and the mobile banking app of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK. The RTB-30 was also sold through the LANDBANK Link.BizPortal, a web-based payment channel, via the Online Ordering Facility of the Bureau of the Treasury (BTr). The National Government raised a total of P585 billion for the RTB-30 issuance making it the largest domestic fund-raising issue to date. As Lead Issue Manager, LANDBANK sold and contributed almost 30% of total sales. RTB-30 offers a very attractive investment return with a coupon rate of 6.25% per annum, with a minimum placement of P5,000. Interest payments will be paid quarterly within a five-year term. LANDBANK is one of the Joint Lead Issue Managers of RTB-30, designed to raise funds in support of the National Government’s sustainable and inclusive development agenda. The proceeds of the issuance will be used for enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities. 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 digital banking services to stay available during Holy Week
As part of its commitment to provide uninterrupted access to essential banking services, all digital channels of the Land Bank of the Philippines (LANDBANK) will remain up and running throughout the upcoming Holy Week. The Bank's clients can perform banking transactions during the four-day long weekend using the LANDBANK Mobile Banking App (MBA) and the Bank’s online retail banking platform, the iAccess. Other LANDBANK digital platforms will also remain available, including the LANDBANK Link.BizPortal for online payments, WeAccess for institutional clients, and the Electronic Tax Payment System (eTPS) for tax payments. Fund transfers from and to LANDBANK and Overseas Filipino Bank (OFBank) accounts, regardless of amount, remain free of charge via LANDBANK MBA and iAccess. The Bank also continues to waive fees for online fund transfers worth P1,000 and below to other banks via InstaPay and PESONet for the first three transactions in a day. Meanwhile, in observance of the Holy Week, all LANDBANK branches nationwide will be closed from March 28 (Maundy Thursday) to March 31 (Easter Sunday), with operations resuming on Monday, 1 April 2024. To service cash requirements, LANDBANK assures its clients of sufficient cash availability in all of the Bank's ATMs throughout the long weekend. As of February 2024, LANDBANK has a total of 3,101 ATMs, complemented by 3,095 ATMs in partner 7-11 convenience stores nationwide. While prioritizing accessibility and convenience, LANDBANK is also reminding clients to stay vigilant against scams and security threats, by not clicking links from dubious sources and unknown senders. The Bank also encourages clients to remain cautious and proactive in safeguarding their username or log-in ID, password, OTP and other account information. Clients are advised to access the official LANDBANK iAccess site via the official LANDBANK website (https://www.landbank.com) or typing the correct URL in their browser (https://www.lbpiaccess.com), and avoid accessing the platform through search engines, such as Google. For more cybersecurity tips and updates, please visit and subscribe to LANDBANK's official social media pages @LANDBANKOfficial. 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 eyes digital expansion, enhanced customer experience in 2024
The Land Bank of the Philippines (LANDBANK) is ramping up its digital transformation efforts this year to streamline operations and deliver top-notch customer experience. Since assuming leadership in May 2023, LANDBANK President and CEO Lynette V. Ortiz has prioritized the adoption of new technologies across the Bank’s operations to elevate customer convenience and accessibility to financial services. “We are heavily investing in enhancing our digital infrastructure to ensure seamless service delivery across our online banking channels and traditional touchpoints. Our priority remains steadfast in delivering solutions and exceptional service to our valued customers,” said President and CEO Ortiz. This year, LANDBANK aims to reduce over-the-counter transactions in its branches by encouraging customers to maximize the Bank’s digital banking channels. These include the LANDBANK Mobile Banking App, the iAccess online retail banking channel, and the Link.BizPortal web-based payment channel for retail clients. The Bank targets to onboard additional government agencies, local government units (LGUs), private merchants, and other qualified institutions as billers in its digital channels, enabling more customers to make direct online payments. LANDBANK is also poised to intensify its marketing efforts to encourage wider digitalization adoption among institutional clients. Digital solutions include the eMDS internet facility for national government partners, the LBCS electronic bulk disbursement facility, and the weAccess corporate internet banking platform. As part of LANDBANK’s phygital strategy, selected branches across the country will implement an automated queuing management system with a teller interface to further cut processing time for over-the-counter transactions. The next phase of this project will allow customers to set appointments via an online pre-booking facility before visiting the branch. LANDBANK has been implementing since 2018 the Digital Onboarding System (DOBS), which has helped simplify the account enrolment process and reduced the account opening time of customers from 45 minutes to 15 minutes or less. Starting April of this year, interested customers may also open a LANDBANK account without visiting a branch through the new straight-through account opening feature of the LANDBANK Mobile Banking App. This will provide customers instant access to the Bank’s digital services, such as fund transfers, bills payment, e-commerce transactions, and cardless withdrawals. For LANDBANK loan availers, the state-run Bank will likewise introduce innovative online lending platforms that will cater to LGUs and Micro, Small, and Medium Enterprises (MSMEs). These platforms will allow borrowers to apply for loans anytime, anywhere and enjoy a more streamlined loan process. LANDBANK assures its clients that it will continue to invest in both technological solutions and human resources to proactively secure its systems and infrastructure. “Ensuring data security and privacy is likewise a top priority for us at LANDBANK. We are implementing multi-layered security controls in our systems to provide safe and frictionless solutions for our customers,” said President and CEO Ortiz. The Bank continues to remind and educate clients on cybersecurity best practices by consistently sharing security and anti-fraud tips on its social media channels. These include the “Cyber Sigurista” campaign that utilizes various hashtags like #SafeModeMonday, #FraudFreeFriday, and #ScamAlert to raise awareness about emerging online scams and other fraudulent activities. 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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Serving the digital demand: LANDBANK’s digital platforms record 42% rise to P8.8T in value
The Land Bank of the Philippines (LANDBANK) recorded a significant 42% growth or P8.8 trillion in digital transaction value in 2023 as compared to P6.2 trillion in 2022, facilitated by its digital banking channels and driven by growing customer preference for digital solutions. The 42% surge was propelled by a 48% jump in total transaction volume of 92.9 million from 62.6 million year-on-year, facilitated through the Bank’s digital banking channels, including the LANDBANK Mobile Banking App (MBA), iAccess, weAccess, Link.BizPortal, i-Easy Padala, Electronic Tax Payment System (eTPS), Electronic Modified Disbursement System (eMDS), and LANDBANK Bulk Crediting System (LBCS). “LANDBANK continues to leverage technology to level-up service delivery and drive financial inclusion across the country. In step with growing customer demand, we are set to expand our innovative offerings to further contribute to the nation's digital transformation journey,” said LANDBANK President and CEO Lynette V. Ortiz. For retail clients, i-Easy Padala, LANDBANK’s real time web-based remittance system for overseas Filipinos, facilitated 3.3 million transactions for P4.33 trillion in value, which covers almost half of the total recorded value for the year. The LANDBANK Mobile Banking App (MBA) led the growth in digital transactions with a 44% increase to 55.2 million transactions amounting to P316.8 billion. The Bank’s web-based payment channel, Link.BizPortal, likewise facilitated 7.65 million transactions for a 33% increase, with total value of P11.5 billion. The payment channel also saw a substantial 53% rise in government agency partners, bringing the total number of Link.Biz merchants to 1,193 as of December 2023. LANDBANK’s alternative payment channel, eTPS, facilitated P134 billion in value; while the Bank’s online retail banking channel, iAccess, recorded P18.36 billion. For institutional clients, the LANDBANK eMDS internet facility for national government partners generated P2.95 trillion in value for a 38% increase year-on-year, facilitating 3.2 million transactions. LANDBANK's electronic bulk disbursement facility, the LBCS, recorded a total volume of 7.1 million transactions amounting to P67.86 billion, translating to unprecedented expansions of 296% and 138%, respectively. Lastly, the LANDBANK corporate internet banking platform, weAccess, recorded a 53% increase in transactions and 57% increase in value, facilitating over 14.4 million worth P952.1 billion, respectively. LANDBANK remains committed to further enhancing its digital platforms and expanding its reach, to better serve diverse customer needs and contribute to growing the Philippines' digital economy. 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, BOC partner for seamless payment collections
LANDBANK President and CEO Lynette V. Ortiz and BOC Commissioner Bienvenido Y. Rubio lead the Memorandum of Agreement signing to streamline the collection of BOC payments. Joining them as witnesses from BOC are Deputy Commissioners Atty. Clarence S. Dizon (3rd from left), Michael C. Fermin (2nd from left), and Atty. Kriden F. Balgomera (leftmost), alongside LANDBANK Executive Vice President Leila C. Martin (6th from left) and Senior Vice President Marilou L. Villafranca (rightmost). In stride towards improved public service delivery, the Land Bank of the Philippines (LANDBANK) and the Bureau of Customs (BOC) have inked an agreement to streamline the collection of customs payments through the Bank's digital payment channel. Under the partnership, the BOC will utilize the LANDBANK Link.BizPortal, the Bank's digital payment channel, to facilitate seamless online payment transactions for both government and private entities. LANDBANK President and CEO Lynette V. Ortiz and BOC Commissioner Bienvenido Y. Rubio led the signing of the Memorandum of Agreement to formalize the partnership on 4 March 2024. Present as witnesses from the BOC were Deputy Commissioners Atty. Clarence S. Dizon, Michael C. Fermin, and Atty. Kriden F. Balgomera, alongside LANDBANK senior officials Executive Vice President Leila C. Martin and Senior Vice President Marilou L. Villafranca. "We at LANDBANK hope that our digital solutions and our Link.Biz platform will be able to accelerate collections. So we are doing our part as well for the efficient collection of government dues, and we are very much looking forward to this partnership," said LANDBANK President and CEO Ortiz. As an online payment option, the LANDBANK Link.BizPortal will eliminate the need for clients to physically visit LANDBANK servicing branches to pay for their dues to the BOC. The Payment Portal is also expected to enhance the operational efficiency of the BOC, reduce bureaucratic red tape, and improve overall service delivery. BOC Commissioner Rubio emphasized that this partnership underscores both entities' shared dedication to embracing digitalization, process optimization, and enhancing the business environment's user-friendliness. "Through LANDBANK's Link.BizPortal, we are not only facilitating smoother transactions, but also fostering greater transparency and accountability. As we embark on this new chapter, let us continue to strive for greater efficiency in our operations," said BOC Commissioner Rubio. The integration of the LANDBANK Link.BizPortal will complement the BOC's existing payment systems, PAS6 and E2M, to provide a more comprehensive and user-friendly online payment experience. The new partnership will also support the Adoption of Digital Payments for Government Disbursement and Collections pursuant to Executive Order (EO) No. 170, and Republic Act No. 11032 which promotes the Ease of Doing Business and Efficient Delivery of Government Services. "Together, supported by the LANDBANK's commitment to serving the nation, we will continue to uphold our mandates and meet the needs of our stakeholders," added BOC Commissioner Rubio. 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 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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