LANDBANK President and CEO Cecilia C. Borromeo (2nd from left) receives the 2021 UPAA Distinguished Alumni Award for corporate governance in banking and finance from UP Alumni Regent and UPAA President Reynaldo Laserna (3rd from left), UP Vice President for Public Affairs Elena Pernia (leftmost), and UPAA Board Member Romeo Nones (rightmost). (Photo courtesy of UPAA). Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo was recognized as a distinguished alumnus awardee for corporate governance in banking and finance by the University of the Philippines Alumni Association (UPAA). Borromeo received the recognition for her career achievements from UP Alumni Regent and UPAA President Reynaldo Laserna, UP Vice President for Public Affairs Elena Pernia, and UPAA Board Member Romeo Nones on 19 May 2022 during the UPAA Distinguished Alumni Awards celebration. The annual award ceremony honors graduates of the State University for their outstanding achievements in their respective fields of specialization and service. Borromeo completed her Bachelor of Science degree in Agribusiness from the University of the Philippines Los Baños. She holds the distinction of being the only banker to ever hold the presidency of two government financial institutions—LANDBANK and the Development Bank of the Philippines (DBP). Since being appointed as President and CEO of LANDBANK in March 2019, Borromeo has steered the Bank’s intensified support to small farmers and fishers, further solidifying the Bank’s position as the biggest lender to the agriculture sector. LANDBANK’s reach to small farmers and fishers expanded by 270% from 889,669 in June 2019 to 3.29 million as of April 2022. Total agri loan portfolio likewise consistently grew from P236.31 billion in 2019 to P247.85 billion in 2021. Borromeo spearheaded the expansion of LANDBANK’s development thrust to serve other key sectors in support of the Government’s financial inclusion drive, while becoming the country’s second largest bank in terms of assets and deposits. LANDBANK serves as the delivery arm for cash grants for 10 million beneficiaries of the Conditional Cash Transfer and Unconditional Cash Transfer Programs of the DSWD. It also served as conduit for various amelioration especially under the Bayanihan-related programs during the pandemic. Under Borromeo’s leadership, LANDBANK has maintained its dominance as the biggest development partner of the LGU sector towards inclusive and sustainable local development, with all LGUs nationwide maintaining deposit accounts with the state-run Bank. LANDBANK is providing unbanked Philippine Identification System (PhilSys) registrants with transaction accounts. As of April 2022, the Bank has onboarded almost 8 million previously unbanked Filipinos. Borromeo has also led LANDBANK’s digitalization geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers. In 2021, the Bank’s major digital platforms recorded a surge in utilization equivalent to a 19% growth in transactions facilitated and 46% in value. It was also during Borromeo’s term that the Overseas Filipino Bank (OFBank)—a LANDBANK subsidiary—was established as a digital-only and branchless bank – the first Digital Bank in the Philippines. It caters to Overseas Filipino Workers (OFWs), overseas Filipinos, and their beneficiaries. Borromeo’s banking career spans 30 years in agricultural and development lending, treasury and investment banking, public sector lending, corporate banking, global banking, wholesale banking and lending program management.
READ MOREThe Land Bank of the Philippines (LANDBANK) is tapping branches of UCPB Savings Bank (USB) nationwide to serve as Agent Banking Partners in remote and underserved areas, as part of its mandate to advance greater financial inclusion in the country. A total of 57 USB branches are set to be onboarded as LANDBANK Agent Banking Partners by June 2022, of which 20 USB branches are operating in communities without any LANDBANK branch. As LANDBANK Agent Banking Partners, USB Branches will offer card sale, cash-in, cash-out, fund transfer, and bills payment services, allowing customers to enjoy lower transaction costs, improved access to financial services, greater convenience, and potentially lower travel expenses. Beneficiaries of the National Government’s Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) Programs can also withdraw their cash grants through the LANDBANK Agent Banking Partners. "Through the Agent Banking Program, LANDBANK is able to better serve its mandated sectors, particularly those in unbanked and underserved communities where financial services are scarce. We are bringing more Filipinos into the financial mainstream to foster greater financial inclusion across the nation," LANDBANK President and CEO Cecilia C. Borromeo said. As of 31 March 2022, LANDBANK has a total of 907 Agent Banking Partners nationwide. These include client cooperatives, associations, rural banks, local government units, small and medium enterprises, gasoline stations, and private entities. From January to March 2022, a total of 1.3 million transactions amounting to P4.6 million were facilitated by LANDBANK Agent Banking Partners. The LANDBANK Agent Banking Program is in compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, wherein banks are allowed to serve customers through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand its reach and serve customers more efficiently.
READ MOREAssistance from LANDBANK allowed Laconon 100 Multi-Purpose Cooperative (LMPC) to overcome financial losses. The T’boli based co-op now manages a 1,000 hectares of pineapple plantation in South Cotabato with an average annual production of 40,000 to 50,000 tons. T’BOLI, South Cotabato – The unexpected closure of its anchor firm and primary pineapple produce buyer pushed the Laconon 100 Multi-Purpose Cooperative (LMPC) to the brink of financial collapse in 2003. The cooperative struggled to recover and improve its operations in the years thereafter, forcing several members to pull their capital share out of the organization. In 2017, LMPC was given a fresh start after availing of a series of loans from the Land Bank of the Philippines (LANDBANK), which were used to expand the co-op’s operations and acquire needed farm machinery, including four trucks, one tractor, one tractor implement and one service monitoring vehicle. Finally, with the support from LANDBANK, the cooperative was able to bounce back from previous losses and started gaining new members. In a bid to further expand its operations in the municipalities of T’boli, Surallah, Lake Sebu, and Banga, and to accommodate pineapple farmers who have yet to access financing from the Bank, the co-op renewed a P160-million loan line which was further increased to P200 million in 2020. LMPC was also granted a P7-million term loan for the purchase of five hauling trucks to address the increasing logistics requirements, especially during the harvest season. The co-op availed of another P5-million loan from LANDBANK as working capital for cassava trading operations to support members who have not qualified for the pineapple growership program of its anchor firm. From a struggling cooperative managing 300 hectares of farmland with 150 members, LMPC has since expanded its area of production to 1,000 hectares with 1,187 co-op members. Since 2017, the timely credit of LANDBANK allowed LMPC to post steady growth in net income with an average production of 40,000 to 50,000 tons of pineapples per year—assisting the co-op to weather the economic challenges of the global pandemic. “Hindi kami iniwan ng LANDBANK sa panahon na kailangan namin ng suporta. Nandiyan ang LANDBANK bilang aming kaagapay para makabangon sa pagkakalugmok sa mga nakalipas na pagsubok. Nakabili kami ng mga makinarya at nakapagbigay ng hanapbuhay sa aming mga miyembro at pamilya,” said LMPC Chairperson Rhoda O. Pecadizo. LANDBANK’s relationship with LMPC continues to expand, after the co-op was certified in December 2021 as one of the Bank’s Agent Banking Partners, offering basic banking services to unbanked and underserved communities. As an accredited full-suite Agent Banking Partner, LMPC provides cash-out, cash-in, fund transfers, and bills payment services on behalf of LANDBANK, and facilitates the opening and issuance of LANDBANK Agent Banking Cards. This arrangement provides LANDBANK customers in T’boli with improved access to financial services and lower transaction costs, which is reflective of the Bank’s steadfast commitment to advancing financial inclusion in South Cotabato and the country as a whole. As LMPC celebrates its 25th anniversary this year, the co-op is looking to avail of additional term loans from LANDBANK to support its expansion plans. These include the acquisition of two tractors and the construction of a new office building and logistics facility with a gas station. LPMC is only one of the many agricultural cooperatives supported by LANDBANK nationwide, as part of its main thrust of serving the nation. As of 31 March 2022, LANDBANK’s outstanding loans to cooperatives nationwide have reached P57.66 billion.
READ MORE(left photo) LANDBANK President and CEO Cecilia C. Borromeo (3rd from left) and Pagadian City Mayor Samuel S. Co (4th from left) lead the inauguration of the LANDBANK Pagadian-Balintawak Branch in Brgy. Balintawak, Pagadian City on 26 May 2022. Joining them are LANDBANK Director Jaime L. Miralles (2nd from left), Executive Vice President Julio D. Climaco, Jr. (5th from left), Senior Vice President Charlotte I. Conde (rightmost), and Vice President Lina K. Pacio (leftmost). PAGADIAN CITY, Zamboanga del Sur – The Land Bank of the Philippines (LANDBANK) officially inaugurated its newest branch in Pagadian City, the first of 15 new branches that the state-run Bank is set to open in 2022. The LANDBANK Pagadian-Balintawak Branch is located at the President Corazon C. Aquino Regional Government Center in Brgy. Balintawak, and will provide banking services to at least 50 regional government agencies, as well as various business establishments and private customers. The new branch complements the operations of the LANDBANK Pagadian Branch located in Santiago District, and will assist in servicing depositors from over 300 combined barangays of Pagadian City and seven nearby municipalities, namely San Miguel, Lakewood, Tigbao, Vincenzo Sagun, Dinas, Tabina, and Margosatubig. The two onsite automated teller machines (ATMs) of the LANDBANK Pagadian-Balintawak Branch will also help facilitate cash payouts for over 71,000 beneficiaries of the Conditional and Unconditional Cash Transfer programs of the Department of Social Welfare and Development (DSWD) in the area. LANDBANK President and CEO Cecilia C. Borromeo and Pagadian City Mayor Samuel S. Co led the inauguration rites for the LANDBANK Pagadian-Balintawak Branch on 26 May 2022. They were joined by LANDBANK officials, namely Director Jaime L. Miralles, Executive Vice President Julio D. Climaco, Jr., Senior Vice President Charlotte I. Conde, and Vice President Lina K. Pacio. “Our new LANDBANK branch in Pagadian reflects our unwavering support to the development of the City and the whole Province of Zamboanga del Sur. We will continue to provide greater banking convenience and accessibility to our growing customers in the Province,” said President and CEO Borromeo. Mayor Co thanked LANDBANK for opening the Pagadian-Balintawak Branch to help sustain future developments in the regional center. “Your presence here gives us more confidence, gives us great relief that sooner or later, this regional center will continue to develop and expand,” he said. LANDBANK now operates a total of five branches and a lending center in Zamboanga del Sur. This is complemented by 29 ATMs and three cash deposit machines (CDMs) spread across the Province. The state-run Bank is targeting to open 14 more branches and branch-lite units in key strategic areas nationwide before the year ends, including 230 new ATMs and 50 CDMs. To widen its reach in unbanked and underserved communities, LANDBANK is also gearing up to onboard 24 new Agent Banking Partners (ABPs) and install additional 120 point-of-sale (POS) terminals under its Agent Banking Program. LANDBANK is the only bank present in all 81 provinces in the country with a total of 607 branches and 58 lending centers as of 31 May 2022, servicing the requirements of a diverse customer base, including unbanked and underserved areas.
READ MOREThe Land Bank of the Philippines (LANDBANK) is rolling out a P1-billion lending program to empower countryside financial institutions (CFIs) to digitalize their banking operations to reach and service more underserved and unbanked Filipinos. Through the Digitalization of Countryside Financial Institutions (DIGI-CFI) Lending Program, LANDBANK will finance digitalization projects, including payment for subscription or licensing fee for commercial software or outsource information technology (IT) systems. Under the Program, LANDBANK can also finance the acquisition of hardware or computer equipment and purchase or development of commercial software, application, or system, including maintenance and support. LANDBANK President and CEO Cecilia C. Borromeo highlighted the importance of digital transformation for CFIs to remain resilient and relevant amid the evolving banking landscape, during the 69th Annual National Convention and General Membership Meeting of the Rural Bankers Association of the Philippines (RBAP) on 27 May 2022 in Dapitan City, Zamboanga del Norte. “LANDBANK aims to boost the capacity of rural banks to contribute to the digitalization wave. The possiblities for growth are endless, with the end goal of promoting financial inclusion and providing innovative and responsive digital financial services,” said President Borromeo. Under the DIGI-CFI Lending Program, rural, thrift and cooperative banks can borrow up to 80% of their total project cost with an interest rate of 5% per year for term loans, fixed for the first year and subject to re-pricing thereafter, and payable up to five (5) years. For short-term loans, the prevailing rate of LANDBANK at the time of availment applies, but not lower than 5% per annum, payable up to one (1) year, and available via a 180-day Promissory Note. As of end-April 2022, LANDBANK’s outstanding loans reached P9.66 billion in support of 88 rural financial institutions nationwide, underscoring the Bank’s steadfast commitment to advance financial inclusion and countryside development. Interested borrowers of the DIGI-CFI Lending Program may contact the nearest 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.
READ MORE(left photo) LANDBANK President and CEO Cecilia C. Borromeo (3rd from left), Real Mayor Diana Abigail D. Aquino (4th from left), and Infanta Credit and Development Cooperative Chairman Fr. Francis B. Lucas (2nd from left) lead the unveiling of the official marker of the newly inaugurated LANDBANK Real Branch. Joining them are LANDBANK Executive Vice President Julio D. Climaco, Jr. (rightmost), and Senior Vice Presidents Randolph L. Montesa (leftmost) and Althon C. Ferolino (5th from left). REAL, Quezon – In line with its aggressive thrust to promote financial inclusion in the country, the Land Bank of the Philippines (LANDBANK) officially inaugurated a new branch in the first-class municipality of Real—the first-ever commercial bank in the town. LANDBANK President and CEO Cecilia C. Borromeo, Real Mayor Diana Abigail D. Aquino, and Infanta Credit and Development Cooperative (ICDeC) Chairman Fr. Francis B. Lucas led the inauguration rites for the LANDBANK Real Branch on 03 June 2022. They were joined by LANDBANK Executive Vice President Julio D. Climaco, Jr., and Senior Vice Presidents Randolph L. Montesa and Althon C. Ferolino. “With the LANDBANK Real Branch, we are looking to support the fast-paced developments in Real and its neighboring towns. We hope that this will draw more investors to the Province and spur local economic activities,” said President and CEO Borromeo. The LANDBANK Real Branch, located in Barangay Poblacion 1, Real, will provide banking services to the 50 combined barangays of Real, Polillo and Burdeos, as well as the unbanked and underserved communities in Panukulan, Patnanungan, and Jomalig. The newly inaugurated Branch has two onsite automated teller machines (ATMs) to cater to the cash requirements of local residents, including more than 7,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), as well as government employees, teachers, and students, among others. The LANDBANK Real Branch also features a Digital Corner where customers can open a deposit account in only 15 minutes or less using the Bank’s Digital Onboarding System (DOBS). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions. LANDBANK currently operates a total of 13 branches and a lending center in the Province of Quezon, complemented by 64 ATMs and cash deposit machines (CDMs) to facilitate fast, safe, and timely cash withdrawals and deposits. LANDBANK is the only bank present in all 81 provinces in the country, with a network of 607 branches and 58 lending centers as of 03 June 2022. The state-run Bank’s continued expansion across the country underscores its commitment to bring banking services closer to its priority sectors, especially in unbanked and underserved areas.
READ MOREBatanes Vice Governor Ignacio C. Villa, LANDBANK Senior Vice President Ma. Belma T. Turla, and other local government officials welcome the LANDBANK Basco Branch to its new home at the Ground Floor of the Manpower Development Center and National Agencies Building, Provincial Capitol Compound, Brgy. Kayhuvokan, Basco, Batanes. BASCO, Batanes – The LANDBANK Basco Branch recently transferred to a new and more strategic location to provide better banking services to small farmers and fishers, cooperatives, micro small and medium enterprises (MSMEs), local government units (LGUs) and other customers in all six (6) municipalities and 29 barangays in Batanes. From its former location at Santana Street in Barangay Kaychanarianan, the LANDBANK Basco Branch—the first and only LANDBANK Branch in the Province—officially transferred to the Provincial Capitol Compound in Barangay Kayhuvokan at the heart of the 5th class Municipality. “Through the LANDBANK Basco Branch, we will continue to intensify our support for the development requirements of Batanes. We are one with the Provincial Government in advancing inclusive and sustainable growth in the province,” said LANDBANK President and CEO Cecilia C. Borromeo. Batanes Vice Governor Ignacio C. Villa and LANDBANK Senior Vice President Ma. Belma T. Turla led the inauguration of the Branch in its new location on 06 June 2022. They were joined by Mahatao Mayor Pedro F. Poncio, Ivana Mayor Leonardo V. Hostallero, Itbayat Mayor Ronald V. Gutierrez, Sabtang Mayor Marcial Armando A. Alavado, Basco Vice Mayor German A. Caccam and LANDBANK Basco Branch Head Joseph L. Caliguiran. The LANDBANK Basco Branch will also cater to almost 1,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD), with two (2) Automated Teller Machines (ATMs) and one (1) Cash Deposit Machine onsite. LANDBANK also has three (3) Agent Banking Partners (ABP) covering the neighboring Municipalities of Sabtang, Itbayat, Uyugan, and Ivana to facilitate point-of-sale (POS) cash-out services on behalf of the Bank. Opening of deposit accounts in the LANDBANK Basco Branch is also made easier and more convenient with the Bank’s Digital Onboarding System (DOBS), which reduces account opening time to 15 minutes or less. “Sana ay ipagpatuloy ng LANDBANK ang suporta sa SMEs, farmers and fishermen, para sa tuloy-tuloy na pagpapaunlad ng ating kanayunan,” said Basco Vice Mayor German A. Caccam. The relocation of LANDBANK Basco Branch follows the recent inauguration of the new LANDBANK Real Branch in the Province of Quezon, the latest addition to the Bank’s network of 607 branches and 58 lending centers. The continued expansion of LANDBANK’s physical touchpoints underscores the Bank’s commitment of bringing banking services closer to unbanked and underserved areas nationwide, as part of its intensified efforts in advancing financial inclusion and in serving the nation.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (center), Sta. Cruz Mayor Edgar S. San Luis (2nd from right), and Provincial Government of Laguna Administrator Atty. Dulce H. Rebanal (rightmost) lead the inauguration of the LANDBANK Laguna Corporate Center in Brgy. Bubukal in Sta. Cruz, Laguna on 10 June 2022. Joining them are other local government officials, LANDBANK senior officers, and the Bank’s valued customers. STA. CRUZ, Laguna – In line with its commitment to provide convenient and accessible services, the Land Bank of the Philippines (LANDBANK) officially inaugurated a three-story corporate center in the Province of Laguna to serve as a one-stop shop for the banking and financing needs of local stakeholders and customers. Located in Brgy. Bubukal in Sta. Cruz, the LANDBANK Laguna Corporate Center houses the Bank’s major touchpoints and local offices to provide convenient access to a wide array of services. LANDBANK President and CEO Cecilia C. Borromeo, Sta. Cruz Mayor Edgar S. San Luis, and Provincial Government of Laguna Administrator Atty. Dulce H. Rebanal led the inauguration rites for the new corporate center on 10 June 2022. They were joined by incoming Cavinti Mayor Arrantlee R. Arroyo, incoming Paete Mayor Ronald B. Cosico, and LANDBANK Director Nancy D. Irlanda. Also present during the inauguration were LANDBANK Executive Vice Presidents Julio D. Climaco, Jr., Alex A. Lorayes, Liduvino S. Geron and Alan V. Bornas, together with Senior Vice Presidents Randolph L. Montesa, Althon C. Ferolino and Lucila E. Tesorero. “With the LANDBANK Laguna Corporate Center, we are looking forward to stepping up our support to the whole Province of Laguna. We hope that this will serve as a landmark for various economic activities and a catalyst to expand areas for collaboration in support of the Province’s key sectors,” said President and CEO Borromeo. The LANDBANK Sta. Cruz Branch on the ground floor of the building will service customers from the 26 barangays of Sta. Cruz, as well as the 176 combined barangays of the nearby municipalities of Cavinti, Kalayaan, Luisiana, Lumban, Magdalena, Majayjay, Pagsanjan, Paete, Pila, and Victoria. The second floor houses the LANDBANK Laguna Lending Center to cater to the financing requirements of local farmers and fishers, micro, small and medium enterprises (MSMEs), cooperatives, and local government units (LGUs), among others. Other LANDBANK field offices stationed in the building include the Property Valuation and Credit Information Department–Laguna, Laguna Accounting Center I, and the Field Legal Services of Laguna. The LANDBANK Laguna Corporate Center is situated in a less congested portion of the Sta. Cruz National Highway, and features a roomy interior and ample parking space to ensure a comfortable banking experience for customers. LANDBANK currently operates a total of 19 branches and one lending center in Laguna, complemented by 86 automated teller machines (ATMs), and 17 Agent Banking Partners that provide basic banking services on behalf of LANDBANK in the unbanked and underserved areas of the Province. LANDBANK is the only bank present in all 81 provinces in the Philippines, with plans for continued expansion focusing on servicing the requirements of its diverse customer base nationwide.
READ MORE(left photo) Finance Secretary Carlos G. Dominguez III (4th from left) and LANDBANK President and CEO Cecilia C. Borromeo (5th from left), together with Mindanao Development Authority Secretary Maria Belen Sunga-Acosta (3rd from left) and Davao City Councilor Diosdado Angelo Mahipus, Jr. (2nd from left), lead the unveiling of the official marker of the LANDBANK Davao Corporate Center (right photo) on 24 June 2022 located in Bajada, Brgy. Buhangin in Davao City. They were joined by LANDBANK Director Jaime L. Miralles (leftmost), Executive Vice Presidents Alex A. Lorayes (rightmost) and Liduvino S. Geron (6th from left). DAVAO CITY – The Land Bank of the Philippines (LANDBANK) strengthens its presence in Davao City and nearby localities with the opening of a four-story corporate center in Bajada, Brgy. Buhangin, to provide convenient access to a wide array of banking services. The LANDBANK Davao Corporate Center—the bank’s biggest corporate center outside of the National Capital Region—will serve the various banking and financial needs of over 30,000 customers in East Mindanao, as it houses the Bank’s major touchpoints and local offices. Department of Finance (DOF) Secretary and LANDBANK Chairman Carlos G. Dominguez III and LANDBANK President and CEO Cecilia C. Borromeo, alongside Mindanao Development Authority (MinDa) Secretary Maria Belen Sunga-Acosta and Davao City Councilor Diosdado Angelo Mahipus, Jr., led the inauguration rites for the LANDBANK Davao Corporate Center on 24 June 2022. They were joined by LANDBANK Director Jaime L. Miralles, Executive Vice Presidents Alex A. Lorayes and Liduvino S. Geron, and other Bank senior officers. “The Davao Corporate Center underscores LANDBANK’s commitment to expanding its reach and bringing its services to all Filipinos,” said Finance Secretary Dominguez. “I see this corporate center as LANDBANK’s investment in one of the fastest-growing regions in the country. With the infrastructure build-up in the region and the great potential the area holds, rapid growth will transpire here in the next few years,” he added. Meanwhile, LANDBANK President and CEO Borromeo underlined LANDBANK’s expanded role in nation-building by supporting a broad range of development sectors. “LANDBANK has been a strong arm of the government in advancing inclusive development programs, accelerating growth of local economies, and bringing banking services to the farthest reach of our country. Moving forward, LANDBANK will build on its growth momentum and bring to a higher gear its pursuit of serving the nation,” said LANDBANK President and CEO Borromeo. Located on the ground floor of the Davao Corporate Center is the LANDBANK Bajada Branch, which will service customers from the four districts of Davao City, including various local and national government offices, private establishments and retail clients. The Branch has three onsite automated teller machines (ATMs) to cater to the cash requirements of over 40,000 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), government employees, teachers, students, and other local residents. The LANDBANK Bajada Branch also features a Digital Corner where customers can open a deposit account in only 15 minutes or less using the Bank’s Digital Onboarding System (DOBS). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions. On the third floor of the corporate center is the LANDBANK Davao Lending Center, which will cater to the financing requirements of local farmers and fishers, agrarian reform beneficiaries, micro, small and medium enterprises (MSMEs), cooperatives, and local government units (LGUs), among the Bank’s priority sectors. The Davao Corporate Center also serves as the official station of the LANDBANK Mobile ATM and Mobile Branch in Mindanao, which are on standby to service areas disrupted by disasters and calamities, as well as unbanked and underserved communities. Other LANDBANK field offices in the corporate center are the East Mindanao Branches Group, Mindanao Lending Group, Davao Cash Operations Unit, Trust Desk, Loan Operations Management Department – Mindanao Unit, Davao Loan Operations Field Unit, Property Valuation and Credit Information Department – Davao Field Team, Cash Management Solutions Department Mindanao, Davao del Sur Accounting Center 1, Agrarian Operations Center XI, Field Legal Services XI, and Organization Development Department Mindanao. The Commission on Audit (COA) and Upland Southern Mindanao–Credit and Institutional Building Program (USM-CIBP) were also provided space within the corporate center. LANDBANK currently operates a total of nine branches and one lending center in Davao City. This is complemented by 64 ATMs, two cash deposit machines (CDMs), and eight Agent Banking Partners (ABPs) that provide basic banking services on behalf of LANDBANK in areas with limited access to formal banking. LANDBANK is the only bank present in all 81 provinces in the Philippines, with plans for continued expansion focusing on servicing the requirements of its diverse customer base nationwide.
READ MORE(left photo) LANDBANK Agent Banking Partner, Tynnes Giggles Boutique of Nueva Ecija Province, facilitates the account opening of unbanked Philippine Identification System (PhilSys) registrants in San Isidro, and offers other banking services in San Antonio (right photo). SAN ANTONIO, Nueva Ecija – When his daughter entered college, solo parent Nelson Quilantang needed to start saving to cover tuition fees for her chosen four-year degree. But without a bank account, he had difficulty building an education fund for her. Nelson’s worries were laid to rest when he learned that the Land Bank of the Philippines (LANDBANK) was facilitating the opening of LANDBANK accounts at the same registration center where he signed up for the Philippine National ID. This is part of LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA), wherein unbanked registrants who completed Step 2 of the Philippine Identification System (PhilSys) registration process are provided with their own LANDBANK transaction accounts free-of-charge and with no initial deposit requirement. To reach and service more PhilSys registrants, LANDBANK is tapping agent banking partners (ABPs) to facilitate account application and Know-Your-Customer (KYC) activities at PhilSys registration areas nationwide. Nelson was assisted at the PhilSys registration center by the staff of Tynnes Giggles Boutique—a general merchandising store and a LANDBANK ABP in Nueva Ecija—who helped him open an account and provide him his LANDBANK Prepaid Card on the same day. With the Prepaid Card, Nelson is now able to regularly cash-in a portion of his earnings via Tynnes Giggles Boutique at their nearby branch in San Antonio, and more importantly, grow his savings for his daughter’s education. He can also perform other transactions such as cash-out, fund transfers, bills payments, and balance inquiries. “Salamat sa LANDBANK dahil mas madali na akong nakaka-ipon ngayon. Malaking ginhawa din ang Tynnes Giggles Boutique dahil hindi ko na kailangan pang bumiyahe ng malayo,” said Quilantang. Advancing financial inclusion through ABPs LANDBANK ABPs play a major role in onboarding unbanked PhilSys registrants in the country. Of the total 8.1 million registrants who have signed up for LANDBANK transaction accounts nationwide, 3.5 million were serviced by ABPs as of end-May 2022. Of the total 404,778 onboarded registrants in Nueva Ecija, 280,848 or 69% of the unbanked PhilSys registrants opened their accounts through LANDBANK’s eight ABPs in the province. Of this number, Tynnes Giggles Boutique onboarded 102,697 PhilSys registrants from the Municipalities of Cabiao, Jaen, San Antonio, San Isidro, Gabaldon, Santo Domingo, Talavera, and the City of Palayan. Boutique store owner Cristina Lejano travelled with her team around the province to facilitate account opening activities in PhilSys registration centers at the height of the pandemic—reaching as far as Gabaldon, which took almost 3 hours by land from their main office in San Antonio. “More than the additional income, I applied as a LANDBANK Agent Banking Partner in order to serve our community. Having few financial institutions in our town, it was difficult for locals to conveniently access banking services. Our store is helping to bridge this gap,” said Lejano. The Tynnes Giggles Boutique was officially accredited by LANDBANK as a full-suite ABP in 2020, after its staff completed the required trainings and complied with the requirements of the Bank. Under its Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no Bank presence.
READ MOREAs of Fri, April 25, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.388752 | 0.403776 |
| EUR | 63.163815 | 65.607824 |
| GBP | 73.988728 | 76.851588 |
| HKD | 7.223177 | 7.761414 |
As of Thu, April 24, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557366 |
| Money Market Fund | 1.310646 |
| PERA Money Market Fund | 1.023632 |
| Medium-Term Bond Fund | 2.470334 |
| Bond Fund | 2.024273 |
| PERA Bond Fund | 1.198883 |
| Balanced Fund | 2.585336 |
| Growth Fund | 2.562157 |
| Alpha Equity Fund | 2.96484 |
| Blue Chip Equity Fund | 0.954534 |
| Equity Fund | 0.773163 |
| High Dividend Equity Fund | 1.002938 |
| US$ Money Market Fund | 1.431822 |
| Global $ Fund | 1.518293 |
| Money Market Plus Fund | 1.223015 |
