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LANDBANK opens branch in Imelda, Zamboanga Sibugay
Imelda Mayor Roselyn V. Silva (center) and LANDBANK West Mindanao Branches Group Head Vice President Lina K. Pacio (right) lead the inauguration and opening of LANDBANK Imelda Branch on December 18, 2020. Joining them are LANDBANK Imelda Branch Head Evelyn M. Fortich (left, front) and Provincial Board Member Allan Escamillan (left, back). IMELDA, Zamboanga Sibugay – The Land Bank of the Philippines (LANDBANK) officially opened its newest branch in this municipality on December 18, 2020, and the third LANDBANK Branch in the Province of Zamboanga Sibugay. The new LANDBANK Imelda Branch joins branches in Ipil and Buug, complemented by 15 ATMs present in the province, in providing safe and uninterrupted delivery of banking services to its residents. LANDBANK now has a total of 415 branches and extension offices across all 81 provinces nationwide. “In light of the ongoing pandemic, LANDBANK continues to partner with Local Government Units to bring safe, reliable, and convenient banking services closer to underserved communities. The Imelda Branch also forms part of LANDBANK’s primary thrust to intensify lending to more small farmers and fishers nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Imelda Mayor Roselyn V. Silva and LANDBANK West Mindanao Branches Group Head Vice President Lina K. Pacio led the Imelda Branch inauguration rites. They were joined by Provincial Board Member Allan Escamillan and LANDBANK Imelda Branch Head Evelyn M. Fortich. “Thank you to LANDBANK for supporting the LGU of Imelda, especially for supporting organic farmers in our municipality through affordable lending programs and livelihood training programs conducted by your corporate foundation, LANDBANK Countryside Development Foundation, Inc.,” said Imelda Mayor Roselyn V. Silva. The LANDBANK Imelda Branch will service around 3,760 small farmers and fishers in the area, as well as 60,338 beneficiaries under the Department of Social Welfare and Development’s (DSWD) Pantawid Pamilyang Pilipino Program (4Ps) and Unconditional Cash Transfer (UCT) Program. “In these challenging times, let LANDBANK help in strengthening and accelerating the development of your municipality’s leading and emerging industries. Together, we can work towards the recovery and continued growth of your key sectors, especially agriculture and aquaculture,” said LANDBANK VP Lina K. Pacio. The LANDBANK Imelda Branch will also provide banking services to various government agencies and private clients in the neighboring municipalities of Alicia, Payao and Siay, including the island municipalities of Mabuhay, Talusan, and Olutanga, as well as portions of Diplahan and Malangas. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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High-tech poultry house in Cebu built through LANDBANK aid
LANDBANK Visayas Lending Group Head Senior Vice President Elsie Fe Tagupa (center) and Cebu North Lending Center Head Vice President Eulalio G. Lagpa, Jr. (4th from left) visit the newly constructed single-deck tunnel ventilated poultry house with multi-level colony type caging system owned by Bryan (2nd from left) and Aisha Castillo (not in the photo) of Dumanjug, Cebu. The facility for contract growing of poultry was funded through the assistance of LANDBANK. DUMANJUG, Cebu – Spouses Aisha and Bryan Castillo are now pioneering the use of modernized poultry farming in Cebu with the recent construction of their single-deck tunnel ventilated poultry house, financed through the assistance of Land Bank of the Philippines (LANDBANK). Construction of the poultry house started in 2019, which boasts of a multi-level colony type caging system with a capacity of 840,000 birds per year, significantly boosting the quality and productivity of the couple’s contract growing business. The facility also features advanced components, such as a mechanized rationing of feeds, a climate control system, and a prime colony cage system, among others. “LANDBANK guided us every step of the way when we were applying for loan assistance. Slowly but surely, the project eventually came to fruition,” said Mr. Castillo, who comes from a family of entrepreneurs, and graduated with a degree in Business Administration major in Management. With their enhanced production capacity and high-quality products, the Castillos were contracted to provide goods for San Miguel Foods, Inc. (SMFI) when they were just starting in 2019. Now, they serve as an integrator for SMFI and contract growers for Bounty Fresh Food, Inc. “We are honored to be of service to trailblazers like the Castillo family. We believe that their investment to innovate can be a model for other poultry farms in the country, which in turn can contribute to our nation’s overall food security,” said LANDBANK Cebu North Lending Center Head Vice President Eulalio G. Lagpa, Jr. Rising above the pandemic However, just like other small and medium enterprises, the Castillos struggled because of the COVID-19 pandemic and were forced to brave uncharted territory during the first few months of the Enhanced Community Quarantine. “I have never seen Cebu having this low demand for chicken, which is at its lowest as an effect of businesses closing and the transportation ban,” said Mr. Castillo. Fortunately, LANDBANK granted the spouses a one-time 60-day moratorium for their outstanding loan as part of the provisions under Republic Act No. 11494 or the “Bayanihan to Recover as One Act,” designed to help clients like them cope with the impact of the pandemic. “I am so grateful for the adjustments in loan payment that LANDBANK extended to us. Rest assured that LANDBANK will be the first to know when we decide to expand our business because of the support and encouragement that we’ve been getting from them,” Mr. Castillo added. As of September 30, 2020, LANDBANK has extended P146.41 billion in outstanding loans to small, medium, and large agribusiness enterprises. This includes P35.63 billion for livestock projects with P13.41 billion specifically for the poultry industry. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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LANDBANK, DA partner for P1-B ‘Bayanihan 2’ support for farmers, fishers
(clockwise from upper left) Agriculture Secretary William D. Dar and LANDBANK President and CEO Cecilia C. Borromeo lead the virtual MOA signing to implement the expanded SURE Aid and Recovery Project (SURE Aid COVID-19) on December 15, 2020 to provide financial assistance to small farmers and fishers affected by the pandemic. The signing was witnessed by Agricultural Credit Policy Council Executive Director Jocelyn Alma R. Badiola, and LANDBANK Agricultural and Development Lending Center Sector Officer-in-Charge Senior Vice President Ma. Celeste A. Burgos. State-run Land Bank of the Philippines (LANDBANK) and the Department of Agriculture (DA), through the Agricultural Credit Policy Council (ACPC), signed a Memorandum of Agreement (MOA) on December 15, 2020, to partner anew in extending financial support to small farmers and fishers affected by the impact of the ongoing COVID-19 pandemic. Agriculture Secretary William D. Dar and LANDBANK President and CEO Cecilia C. Borromeo led the virtual MOA signing to implement the expanded SURE Aid and Recovery Project (SURE Aid COVID-19), which will provide an immediate one-time, zero-interest, no collateral loan assistance of P25,000, payable in 10 years, to eligible small farmers and fishers nationwide. Funded under Republic Act No. 11494 otherwise known as the “Bayanihan to Recover as One Act,” the P1-billion SURE Aid COVID-19 aims to finance the emergency and production capital requirements of small farmers and fishers whose livelihood and income are affected by the pandemic. This will help the beneficiaries to continue their agricultural activities and contribute to sustained food production. “We will continue what we have started because it is our moral obligation to provide food for all Filipinos, and we start by helping our frontliners and countryside heroes – the farmers and fisherfolk. We want to make sure that we have enough food during the pandemic, and we would like to believe that we can survive and reboot again Philippine agriculture,” said Secretary Dar. Under the agreement, LANDBANK will administer the SURE Aid COVID-19 loan to as many as 40,000 farmers and fishers, to be released in lump sum through the borrower’s LANDBANK deposit account or cash card. For its part, DA, through its Regional Offices and the Bureau of Fisheries and Aquatic Resources (BFAR) Regional Offices will provide the validated list of eligible beneficiaries for the loan assistance. “We thank the Department of Agriculture under the leadership of Secretary Dar for choosing LANDBANK yet again as partner in the delivery of timely, responsive, and non-interest bearing financing for small farmers and fishers. Rest assured that we will remain your ally in synergizing and intensifying efforts toward the shared vision of a more productive, sustainable, and resilient agriculture sector,” said LANDBANK President Borromeo. The MOA signing was witnessed by ACPC Executive Director Jocelyn Alma R. Badiola and LANDBANK Agricultural and Development Lending Center Sector Officer-in-Charge Senior Vice President Ma. Celeste A. Burgos. They were joined by LANDBANK Lending Program Management Group Head First Vice President Emellie V. Tamayo and other LANDBANK, DA, and ACPC officials. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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New LANDBANK Lending Centers to serve more small farmers, fishers in Mindanao
(left photo) LANDBANK Davao del Sur Lending Center Concurrent Head Vice President Jose Enedicto G. Faune (left), leads the soft opening of the LANDBANK Sultan Kudarat Lending Center last October 15, 2020, while (right photo) LANDBANK Mindanao Lending Group Head Senior Vice President Charlotte I. Conde (center) leads the soft opening of the LANDBANK Davao del Sur Lending Center last November 16, 2020. State-run Land Bank of the Philippines (LANDBANK) opened two new lending centers in the provinces of Sultan Kudarat and Davao del Sur as part of its thrust to expand its reach and intensify support to the agriculture sector in Mindanao. The new lending centers will provide accessible financial services and affordable credit assistance to clients in the area, notably local government units (LGUs), small and medium enterprises (SMEs), agrarian reform beneficiaries (ARBs), and small farmers and fishers for agriculture production, equipment acquisition, and working capital. “The establishment of LANDBANK Lending Centers in the provinces of Sultan Kudarat and Davao del Sur is a testament to LANDBANK’s continued commitment to support inclusive economic growth in Mindanao. This would also help us to reach more of our priority sectors—the small farmers and fishers who need our services the most,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK Department Manager Harold P. Celestial led the soft opening of the LANDBANK Sultan Kudarat Lending Center last October 15, 2020, joined by LANDBANK Davao Lending Center Head and Davao del Sur Lending Center Concurrent Head Vice President Jose Enedicto G. Faune who was representing LANDBANK Mindanao Lending Group Head Senior Vice President Charlotte I. Conde, and LANDBANK South Cotabato Lending Center Head Lilibeth D. Alvarez. The Province of Sultan Kudarat predominantly has an agricultural economy, and is known for producing crops such as rice, corn, coconuts, coffee, bananas, mangoes, durians, and African palms. It is also home to a few producers of Irish potatoes in the Philippines. Likewise, the largest grains-processing complex in the country can be found in the province’s commercial center in Tacurong City. Temporarily located in Koronadal City, the LANDBANK Sultan Kudarat Lending Center will service almost 17,000 small farmers and fishers in the province engaged in crop production, trading, and fishing. Meanwhile, Davao del Sur is one of the fastest growing provinces in Mindanao driven by the proliferation of agricultural businesses. With vast agricultural lands full of fertile soil and enriched by favorable climate, agriculture is the main source of livelihood in the province with farmers producing mainly coconut, rice, corn, bananas, cacao, coffee, fruits and vegetables. The LANDBANK Davao del Sur Lending Center, located in Digos City, will provide various lending programs catered to more than 5,000 small farmers and fishers covering the provinces of Davao del Sur and Davao Occidental. Senior Vice President Conde led the soft opening of the LANDBANK Davao del Sur Lending Center last November 16, 2020 together with LANDBANK Digos Branch Head Department Manager Rolando V. Araojo, Jr. and Vice President Faune. As of end-November 2020, LANDBANK has a network of 53 Lending Centers in strategic areas nationwide, with the Sultan Kudarat Lending Center and the Davao del Sur Lending Center as the 14th and 15th LANDBANK Lending Centers in Mindanao, respectively. This is complemented by the Bank’s 414 branches and extension offices across all 81 provinces in the country.
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LANDBANK funds 40-M municipal hall in Nunungan, Lanao del Norte
An artist’s perspective of the three-storey municipal hall of the Municipality of Nunungan in Lanao del Norte, expected to be completed next year through a P40-million term loan from the Land Bank of the Philippines (LANDBANK). (inset) Nunungan Mayor Marcos M. Mamay (3rd from left) and Treasurer Leonides B. Seronio (2nd from left) sign a loan agreement with LANDBANK Lanao Lending Center Head Nena P. Mendoza (1st from left) and Account Officer Virginia C. Gallego (4th from left) to finance the construction of the new municipal hall. NUNUNGAN, Lanao del Norte – Nestled in the hinterlands of Lanao del Norte, this third-class municipality is now getting more attention as an eco-tourism sanctuary and an investment haven down south. With the recent completion of the town’s national road concreting project—seamlessly connecting its 25 barangays—the journey of Nunungan towards a more progressive community is well underway. As part of its vision to better serve its constituents and accommodate its growing visitors, tourists and investors, the Municipal Government of Nunungan aspires to have a modern, spacious and well-structured municipal hall. And backed by Land Bank of the Philippines (LANDBANK), the construction of the building becomes possible, and will likely be completed by next year. This developed after the local government signed a P40-million term loan agreement with LANDBANK last September 9, 2020 for the construction of a three-storey municipal hall in Sitio Bobong, Barangay Katubuan. The loan signing was led by Nunungan Mayor Marcos M. Mamay and Treasurer Leonides B. Seronio, together with LANDBANK Lanao Lending Center Head Nena P. Mendoza and Account Officer Virginia C. Gallego. “Ito ang pinakamatagal na naming plano, na magkaroon kami ng modern municipal hall. Knowing na competitive na ang Nunungan dahil sa mga tourist attractions, pinagsisikapan talaga namin na magkaroon ng bagong municipal hall. Madaming dumadayo dito pero wala tayong maayos na municipal hall for accommodating them and their needs,” said Mayor Mamay. Once completed, the new municipal hall will be a significant part of the municipality’s vision of creating a government center with a grandstand, health center, fire station, and outdoor courts, among others, which Mayor Mamay envisions as another landmark site in the town, and will bring greater convenience to local residents who need to transact with various government offices. The new hall will likewise serve as a facility to accommodate the existing and potential investors of the municipality. These investors are also expected to benefit from the unified services of the local government, especially in processing business permits. Prior to the P40-million loan, the local government also borrowed a total of P75.2 million from LANDBANK in 2015 which was used to acquire heavy equipment that includes a six-wheeler dump truck, 10-wheeler dump truck, prime mover, low bed trailer, motor grader, vibratory compactor, and bulldozer. These are being utilized for the construction of new roads across the town, and the periodic maintenance of existing roads to ensure easy access to farms and timely transport of goods to the market. “We at LANDBANK commit ourselves to improving the lives of all Filipinos by providing the needed financial support of LGUs in rolling out development projects in their localities. We always look at our LGUs as valuable allies in promoting development that is inclusive and sustainable,” said LANDBANK President and CEO Cecilia C. Borromeo. Aside from delivering intensified support to the agriculture sector, LANDBANK has been supporting local government units (LGUs) across the country to accelerate local growth. As of October 31, 2020, LANDBANK has extended loans to LGUs amounting to P51.59 billion, with P17.18 billion of this representing loans to finance agri-aqua projects, including farm-to-market roads, slaughterhouses, and irrigation systems. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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Jasaan LGU, LANDBANK sign P300-M loan for water system, sanitary landfill and slaughterhouse projects
Jasaan Mayor Redentor S. Jardin (center) and Acting Municipal Treasurer Florilinda H. Caparas (right), sign two (2) loan agreements with LANDBANK Capistrano Branch Head Assistant Vice President Josephine B. Mercadal (left) and LANDBANK Cagayan de Oro Lending Center Account Officer Ramil C. Lumayag (standing, left) to finance the upgrading of water system facilities and the construction of a sanitary landfill and slaughterhouse in the municipality. JASAAN, Misamis Oriental – The Land Bank of the Philippines (LANDBANK) and the Municipal Government of Jasaan, Misamis Oriental recently entered into two (2) loan agreements totaling P300 million for the expansion of the municipality’s water system and the construction of a sanitary landfill and slaughterhouse facilities. Mayor Redentor S. Jardin and LANDBANK Capistrano Branch Head Assistant Vice President Josephine B. Mercadal led the loan signing together with Acting Municipal Treasurer Florilinda H. Caparas and LANDBANK Cagayan de Oro Lending Center Account Officer Ramil C. Lumayag on October 28, 2020. LANDBANK granted the local government unit (LGU) a P150 million term loan to upgrade Jasaan’s water system facilities and address the municipality’s dwindling water supply. The expansion project aims to benefit around 7,723 households from six (6) barangays with efficient and uninterrupted potable water supply. The loan will finance the construction of a Level-3 water system to connect secondary pipelines to Level-3 household connections. This will complete the series of upgrades implemented by the Jasaan LGU under its Potable Water Supply System Project. LANDBANK also granted the LGU another P150 million term loan for the construction of a Category-1 Sanitary Landfill which will ensure the proper disposal of residual and hazardous wastes from the community. The project will involve the excavation of two (2) hectares of land, including the construction of drainage, gas ventilation, leachate, septic, hazardous waste and electrical systems, an administration building and a perimeter fence. The LGU is also looking to expand the landfill by 10 more hectares. In addition, a portion of the loan will be used to purchase several equipment for daily landfill operations. The loan will also finance the construction of a class “AA” slaughterhouse that will upgrade Jasaan’s existing 100-square meter facility from accommodating up to 20 heads to 100 heads of hogs and cattle per day. Soon, farmers and raisers in the municipality will no longer travel far to accredited slaughterhouses in Cagayan de Oro City and Manolo Fortich for their needs. “Even in the past, LANDBANK has been very accommodating and has supported our vision for Jasaan. With their assistance, we were able to establish our new municipal hall building and SIDARC water supply projects that continues to serve the citizens of Jasaan. Now, with the approval of our new loans, we are looking forward to bringing uninterrupted water services to the people and provide basic services for our constituents,” said Mayor Jardin. LANDBANK has been a trusted partner of Jasaan LGU since 1993. In 2007, LANDBANK provided the LGU a P22.7-million term loan for the construction of the municipal hall building and a P29.71-million term loan for the establishment of its SIDARC water system. “Working together is not something new to LANDBANK and LGUs. We recognize that LGUs are catalysts for positive change by bringing sustainable development in their respective localities,” said LANDBANK President and CEO Cecilia C. Borromeo. Supporting local development Through its financial services, LANDBANK supports LGUs in delivering local programs and projects geared towards accelerating inclusive and sustainable countryside development. As of October 31, 2020, LANDBANK has extended P51.59 billion in outstanding loans to LGUs nationwide. This includes P17.18 billion for agri-aqua projects and P2.37 billion for utility projects of LGUs. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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Gov’t grants 2% interest subsidy on LGU loans under ‘Bayanihan 2’
As part of measures to help communities bounce back from the impact of the COVID-19 pandemic, the national government, through state-run Land Bank of the Philippines (LANDBANK), is providing an interest rate subsidy of 2% per annum on new and existing loans of Local Government Units (LGUs) for their response and recovery intervention projects for their constituents. The interest subsidy forms part of the provisions of Republic Act No. 11494 otherwise known as the “Bayanihan to Recover as One (BARO) Act” or “Bayanihan 2,” in which LANDBANK has been allotted a P1-billion interest subsidy fund by the national government for loans secured by LGUs. The relief shall be applied to loan interest payments of municipal, city and provincial LGUs until December 31, 2022, or until the interest subsidy fund is fully utilized. To extend the interest rate subsidy to as many LGUs as possible, a maximum interest subsidy equivalent to P10 million has been set for cities and provinces, and P5 million for municipalities. “We strongly encourage our LGUs to make full use of credit facilities subsidized by the national government to bankroll development projects in their respective localities. This will contribute greatly to reviving local economies and helping the country recover from the impact of the COVID-19 pandemic,” said LANDBANK President and CEO Cecilia C. Borromeo. Qualified LGUs may avail of the loan interest subsidy for eligible projects pursuant to the objectives of the BARO Act. These include, but are not limited to, permanent working capital such as for the purchase of agricultural produce, acquisition of equipment, construction of facilities for linking of products to the market such as market infrastructure development and improvement, mobile palengke, collection and buying stations, and other related facilities. LGUs with loans for programs and projects that provide basic and support services, social welfare and healthcare, and other infrastructure activities that aim to bring back confidence of the people and spur the local economy and businesses are also eligible to avail of the interest subsidy. The loan for these projects shall bear a fixed interest rate of 4% per annum until the end of 2022, wherein the remaining 2% interest rate shall be charged to the LGU. Interest rate shall be subject to annual repricing thereafter based on benchmark rate plus applicable credit spread based on credit rating of the borrower, but shall not be lower than 4% per annum. Borrowers may pay their loan up to 15 years inclusive of up to three (3) years grace period on principal payable based on cash flow. The interest rate subsidy will be made available to LGUs with approved accounts under LANDBANK’s RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program which was launched last July, to support LGUs in the implementation of their local economic recovery plans. As of November 30, 2020, LANDBANK has approved loans to 156 LGUs amounting to P52.27 billion under the RISE UP LGUs Lending Program. Of this amount, P383.5 million has been released to three (3) LGUs. Interested borrowers may contact the nearest open LANDBANK Lending Center or 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.
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Caloocan City LGU taps LANDBANK for online payment of taxes
CALOOCAN CITY – Land Bank of the Philippines (LANDBANK) forged a partnership with Caloocan City LGU to usher an efficient collection of the City’s Real Property Tax (RPT) and Quarterly Business Tax (QBT) collection through the Bank’s Link.BizPortal. The Link.BizPortal is LANDBANK’s electronic payment facility that allows clients from both the government and private sectors to pay for products and services via the internet. In a virtual launch held last November 24, Caloocan City Mayor Oscar Malapitan emphasized that this partnership with LANDBANK aims to streamline the payment process of government fees as part of the City’s Computerization of Revenue Generation and Financial Management System Project. “We believe that through this project, we will be able to bring uninterrupted and timely services for the people of Caloocan City,” Malapitan said during the said virtual launch attended by more than a hundred barangay leaders of the City. With Link.BizPortal, residents of Caloocan City can now pay their Real Property Tax and QBT (in full please) obligations at their convenience with just a few clicks on their computers or mobile devices. Additionally, this will help decongest the foot traffic in City Hall and provide relief from the hassles of queuing and over-the-counter payments. Online payment has become essential while operating in the new normal. “As we continue to follow social distancing requirements due to the pandemic, the LANDBANK Link.BizPortal effectively responds to the growing demand for safe and digital financial solutions,” said LANDBANK North NCR Branches Group Head Senior Vice President Marilou Villafranca. Also present during the virtual launch of the online payment scheme was Bureau of Local Government Finance (BLGF) Executive Director Niño Raymond Alvina who expressed his support for Caloocan City’s vision to digitize the payment of government fees for the safety and convenience of its constituents. “This is what Secretary Carlos G. Dominguez of the Department of Finance and we at BLGF have long been advocating for: For our LGUs to invest in Information Technology to make frontline services and transactions more comfortable, faster, hassle-free, and modern,” said Alvina. The LANDBANK Link.BizPortal is the Bank’s response to the National Government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas. As of September 2020, the Portal has already facilitated a total of 1.47 million transactions with a total volume of Php3.5 Billion, which is 26% more compared to the same period last year, from over 700 merchants nationwide that are enrolled in the system. Access the LANDBANK Link.BizPortal for convenient online payment to your chosen merchants through the Bank’s official website (www.landbank.com) or directly visit www.lbp-eservices.com. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official).
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LANDBANK opens new branches in Cebu and Basilan
(left photo) Barili Mayor Julieto N. Flores (4th from left) and LANDBANK East Visayas Branches Group Senior Vice President Khurshid U. Kalabud (1st from left) lead the inauguration rites for the new LANDBANK Barili Branch in Barili Cebu, while (right photo) Basilan Governor Jim H. Salliman (4th from left), Lamitan Mayor Rosita U. Furigay (3rd from left), Lamitan Vice Mayor Roderick H. Furigay (2nd from left), and LANDBANK West Mindanao Branches Group Vice President Lina K. Pacio (5th from left) inaugurate the new LANDBANK Lamitan Branch in Lamitan City, Basilan. The Land Bank of the Philippines (LANDBANK) officially inaugurated two (2) new branches on the same day last November 27, 2020—one in the Municipality of Barili in the Province of Cebu, and another in the City of Lamitan in the Province of Basilan. The state-run Bank now has a total of 414 branches and extension offices across all 81 provinces nationwide, further extending its reach to serve more unbanked and underserved areas. “We hope that LANDBANK’s continuous expansion in Barili and Lamitan City will provide additional touchpoints for our priority clients, especially our farmers and fishers, while helping draw more investors, create businesses, and generate more local employment. Rest assured of our strong commitment to collaborate and support development programs that will accelerate economic activities and rehabilitation efforts in these localities,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK is the first and only universal Bank in the 2nd class municipality of Barili serving a total of 42 barangays, including the neighboring municipalities of Dumanjug and Aloguinsan. This is LANDBANK’s 20th branch in the Province of Cebu, complemented by 99 ATMs. The Barili Branch is also expected to serve over 13,200 farmers and fishers in the area, as well as more than 12,400 beneficiaries under the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD). Barili Mayor Julieto N. Flores and LANDBANK East Visayas Branches Group Senior Vice President Khurshid U. Kalabud led the Barili Branch inauguration rites. They were joined by Barili Vice Mayor Lusito L. Ponsica, Chief of Police PCPT Romeo Caacoy, Jr., and Barili Municipal Councilors Ranuldo Bolo and Ana Maria Ewican. "Thank you very much LANDBANK that of all the Municipalities, you opened a nice branch here in Barili with a state-of-the-art building. We assure you that our 42 Barangays will open an account with LANDBANK. I am also happy that you practice localization, hiring personnel coming from the Municipality of Barili," said Mayor Flores. Meanwhile, the LANDBANK Lamitan Branch will facilitate efficient, safe, and secure banking transactions for Lamiteños, that will also service the banking needs of the municipalities of Tuburan, Akbar, Al-Barka, Tipo-tipo, Sumisip, Ungkaya Pukan, Tabuan Lasa, and Hadji Mohammad Ajul. The inauguration of the Lamitan Branch was led by Basilan Governor Jim H. Salliman, Lamitan Mayor Rosita U. Furigay, Lamitan Vice Mayor Roderick H. Furigay, and LANDBANK West Mindanao Branches Group Vice President Lina K. Pacio. They were joined by LANDBANK officials, namely Zamboanga City Lending Center Head Vinicius S. Hamoy, Basilan Branch Head Christopher T. Ceniza, and Lamitan Branch Head Analyn S. Ramirez. “Being affected by the pandemic, it is very reassuring to know that we have a partner who can truly help us. So, for this branch, we hope for significant growth and development that will further our already brightened economy. On behalf of the City Government of Lamitan, I would like to thank LANDBANK for all the support and we hope to have a long and fulfilling partnership ahead,” said Mayor Furigay. The Lamitan Branch will complement the operations of Basilan Branch in Isabela City, alongside eight (8) ATMs spread across the province. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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LANDBANK opens Himamaylan Branch-Lite in Negros Occidental
Himamaylan City Mayor Rogelio Raymund I. Tongson, Jr. (2nd from left) and LANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola (3rd from left) led the inauguration of the new LANDBANK Himamaylan Branch-Lite in Himamaylan City, Negros Occidental. They are joined by (from left to right) Himamaylan City Vice Mayor Justin Dominic S. Gatuslao, LANDBANK Kabankalan Branch Head Dulce Joy J. Gayat, and LANDBANK Himamaylan Branch-Lite Head Melchor P. Genada, Jr. HIMAMAYLAN CITY, Negros Occidental – State-run Land Bank of the Philippines (LANDBANK) officially opened in this city the LANDBANK Himamaylan Branch-Lite on November 10, 2020, its 11th in the Province. This brings the number of LANDBANK’s branches and extension offices to 412 across all 81 provinces nationwide, complemented by 53 Lending Centers and 2,266 ATMs. The inauguration was led by Himamaylan City Mayor Rogelio Raymund I. Tongson, Jr. and LANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola. They were joined by Himamaylan City Vice Mayor Justin Dominic S. Gatuslao, LANDBANK Kabankalan Branch Head Dulce Joy J. Gayat, and LANDBANK Himamaylan Branch-Lite Head Melchor P. Genada, Jr. “The establishment of the LANDBANK Himamaylan Branch-Lite is an important development for our city. Thank you very much to LANDBANK for helping Himamaylanons and the rest of our city grow,” Mayor Tongson said. LANDBANK Himamaylan Branch-Lite will augment and further improve the efficiency of LANDBANK Kabankalan Branch, and will cater to the banking needs of Himamaylan City, and the Municipalities of Binalbagan, Hinigaran, and Isabela, covering a total of 89 barangays, including other government agencies. The Branch-Lite is also expected to bring LANDBANK’s banking services closer to around 5,000 Himamaylanon farmers; 3,600 fishers; and 5,000 beneficiaries of the Department of Social Welfare and Development’s (DSWD) Unconditional Cash Transfer (UCT) Program in the City. “We hope that LANDBANK’s presence in Himamaylan will further spur economic growth and agricultural production in the city. As their partner towards inclusive and sustainable development, LANDBANK is committed to assist Himamaylan City in achieving its full potential through our banking services,” said LANDBANK FVP Bandiola. The Branch-Lite is equipped with LANDBANK’s Digital Onboarding System (DOBS), a web application which simplifies the account enrolment process from 45 minutes to only 10-15 minutes, bringing banking services closer to the people of Negros Occidental. With the opening of LANDBANK’s Himamaylan Branch-Lite, LANDBANK now operates a total of 11 branches in Negros Occidental, complementing three (3) existing branches located in Bacolod City, and one (1) each in the cities of Cadiz, Kabankalan, Sagay, San Carlos, Silay, Sipalay, and Victorias. A total of 41 ATMs are also present in the province to facilitate fast and safe cash withdrawals and transfers. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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LANDBANK disburses P717M cash aid to more than 110,000 PUV operators
The Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P717,333,500 or P6,500 each to 110,359 Public Utility Vehicle (PUV) operators, composed of jeepney and bus operators nationwide, under the Cash Subsidy to PUV Operators Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB). Of the total amount disbursed, P716,826,500 was credited to the existing Pantawid Pasada Program (PPP) fuel cash card accounts of 110,281 Public Utility Jeepney (PUJ) operators on November 16, 2020. The remaining P507,000 was credited to the LANDBANK accounts of 78 Public Utility Bus (PUB) operators last November 17. “LANDBANK, in partnership with the DOTr and LTFRB, made it possible to quickly and safely distribute the cash subsidies to jeepney and bus operators who are challenged by the pandemic. We will continuously work with the transportation department to distribute the remaining cash aid to other beneficiaries the soonest time possible,” said LANDBANK President and CEO Cecilia C. Borromeo. The crediting of cash grants forms part of the Memorandum of Agreement (MOA) signed between LANDBANK, DOTr and LTFRB on October 12, 2020 for the distribution of one-time cash assistance to a total of 178,244 PUV operators through the PPP fuel cash cards, existing LANDBANK accounts, other bank accounts via InstaPay or PESONet, and over-the-counter payouts. Total beneficiaries of the cash subsidy program include operators of 120,000 PUJs, 24,374 UV Express units, 21,998 PUBs, 10,188 Filcabs, 1,259 minibuses, and 425 premium Point-to-Point (P2P) buses who have been heavily affected with the suspension in public transportation operations and reduced ridership due to COVID-19 safety protocols. The funds allocated for the program are part of the budget provided to the DOTr under Republic Act No. 11494 or the “Bayanihan to Recover As One Act.” For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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SEC taps LANDBANK as settlement bank for online payments
State-run Land Bank of the Philippines (LANDBANK) has been designated as the depository and financial settlement bank of the Securities and Exchange Commission (SEC) for online payments, in line with serving the growing demand for safe and contactless payment solutions. LANDBANK will ensure the efficient collection and settlement of payments made by SEC clients through PayMaya, including the timely remittance of fees due the Bureau of the Treasury (BTr). Under the new partnership, LANDBANK will maintain current and clearing accounts for SEC and BTr, respectively, to credit payments accepted and deposited by PayMaya through the LANDBANK weAccess facility. LANDBANK will also open a Guaranty Deposit account for PayMaya equivalent to the average total daily collection or in the amount agreed by both parties. The collaboration was formalized over a quadripartite Memorandum of Agreement (MOA) virtually signed by SEC Commissioner Kelvin Lester K. Lee, National Treasurer Rosalia V. de Leon, LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines, Inc. Founder and CEO Orlando B. Vea on November 18, 2020. The MOA signing was witnessed by SEC Commissioner Javey Paul D. Francisco, BTr Deputy Treasurer Sharon P. Almanza, BTr Asset Management Service OIC-Director Eduardo Anthony G. Mariño III, LANDBANK Branch Banking Sector Executive Vice President Julio D. Climaco, Jr., and PayMaya Enterprise Head of Government Sector Marvin Santos. “LANDBANK welcomes this collaboration and will ensure the efficient settlement and remittance of SEC fees and other payments. Rest assured that LANDBANK is one with you in the continued delivery of public services, and boosting government collection rates toward revitalizing our economy,” LANDBANK President and CEO Borromeo said. In 2017, LANDBANK and SEC entered into an agreement to utilize LANDBANK’s Electronic Payment Portal (ePP) to provide a convenient and secure means of processing payments for the SEC iView and other transactional fees. As of October 30, 2020, the LANDBANK ePP has successfully facilitated for the SEC a total of 6,439 transactions amounting to P28.4 Million. In 2011, LANDBANK Branches also started processing registration applications by SEC applicants via the On-line Collection (On-Coll) facility. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
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