LANDBANK eyes stronger push for nation-building in 2023
February 14, 2023
As it celebrates its 60th anniversary this year, the Land Bank of the Philippines (LANDBANK) has adopted new Vision and Mission statements to better reflect the Bank’s commitment to fulfilling its expanded mandate of serving the nation for the next six years.
“LANDBANK is driven this year to take on a more prominent role at the forefront of nation-building. Leveraging on innovation, digitalization, and strategic partnerships, we are geared towards the enhanced delivery of accessible, responsive, and meaningful service to our diverse clientele,” said LANDBANK President and CEO Cecilia Cayosa Borromeo.
LANDBANK envisions that by 2028, it “shall be at the forefront in nation-building through the promotion of financial inclusion, digital transformation, and sustainable development that benefits all Filipinos,” as the Bank aims “to provide responsive services beyond banking to all clients, publics and stakeholders.”
The Bank is likewise focused on its mission to be “the leading universal bank with a government mandate that provides responsive services beyond banking to all clients, publics and stakeholders.”
LANDBANK unveiled its new institutional Vision and Mission statements to the public on 14 February 2023, alongside the inauguration of the LANDBANK Leadership and Development Center in Intramuros, Manila, together with the launch of the Bank’s “Iskolar ng LANDBANK” scholarship program.
2023 Targets
In support of the National Government’s programs on digital collections and disbursem*nts, LANDBANK is targeting to onboard more local government units as merchants in eGov Pay and the Link.BizPortal, among its other digital channels.
This includes growing the number of government and private merchants in the LANDBANK Link.BizPortal to over 1,600 merchants by end-2023.
LANDBANK is also looking to grow its digital transactions by 60% in terms of both volume and value, driven by an aggressive expansion of its retail customer base.
LANDBANK is also set to establish touchpoints in all 1,634 local government units (LGUs) nationwide, further solidifying its position as the biggest development partner for local and countryside development.
The Bank’s network expansion will culminate in 2024 with the establishment of a LANDBANK touchpoint in every municipality in the country in the form of physical branches, Automated Teller Machines (ATMs), Agent Banking Partners (ABPs), Cash Deposit Machines (CDMs), or Point-of-Sale (POS) facilities.
As the biggest lender to the agriculture sector, LANDBANK targets to increase the number of small farmers and fishers it has cumulatively assisted to 3.6 million in 2023, among other key players in the agri-business value chain.
The state-run Bank is also determined to increase its net income by at least 16% to P35 billion, by optimizing resources, maximizing yields from earning assets, generating return from non-earning assets, and expanding trust banking and Bancassurance business.
LANDBANK recorded a net income of P30.1 billion in 2022—the first time the Bank breached the P30 billion mark—for a robust 38.2% expansion from P21.7 billion in 2021.
Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development.
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LANDBANK boosts support for Cebu with new branch-lite
LANDBANK President and CEO Lynette V. Ortiz (3rd from right), together with Tourism Secretary and former Liloan Mayor Ma. Esperanza Christina Garcia Frasco (4th from right), House Deputy Speaker and Cebu 5th District Representative Vincent Franco D. Frasco (5th from right), and Liloan Mayor Aljew Fernando J. Frasco (6th from right), leads the inauguration of the LANDBANK Liloan Branch-Lite on 08 December 2023. Joining them are LANDBANK Directors Atty. David D. Erro (leftmost) and Nancy D. Irlanda (2nd from left), Liloan Vice Mayor Darwin T. Apas (7th from left), and other local officials.LILOAN, Cebu – The Land Bank of the Philippines (LANDBANK) opened a new branch-lite unit in this first-class town, as part of its commitment to promote greater financial inclusion and bolster Cebu Province’s bid for sustainable development. Located in front of the New Liloan Public Market in Barangay Jubay, the LANDBANK Liloan Branch-Lite brings banking services closer to residents of the 31 combined barangays of Liloan and neighboring town of Compostela, eliminating the need for clients to travel about 30 minutes to reach the nearest LANDBANK branches in the Municipality of Consolacion and Cities of Danao and Mandaue. “The presence of LANDBANK in Liloan is a testament to their commitment to serving the needs of our citizens, from farmers cultivating our fertile lands to entrepreneurs striving to build businesses, to big corporations and factories providing jobs to Liloanon—these will all contribute to the economic vitality of Liloan,” said Liloan Mayor Aljew Fernando J. Frasco.The newly inaugurated LANDBANK branch-lite will serve and benefit around 2,000 farmers and fishers; 5,600 Conditional and Unconditional Cash Transfer (CCT/UCT) program beneficiaries of the Department of Social Welfare and Development (DSWD); government employees; and local and multinational businesses, among other private depositors.LANDBANK President and CEO Lynette V. Ortiz, along with Department of Tourism (DOT) Secretary and former Liloan Mayor Ma. Esperanza Christina Garcia Frasco, House Deputy Speaker and Cebu 5th District Representative Vincent Franco D. Frasco, and Liloan Mayor Frasco, led the inauguration rites on 08 December 2023. Joining them were Liloan Vice Mayor Darwin T. Apas, LANDBANK Directors Atty. David D. Erro and Nancy D. Irlanda, LANDBANK Executive Vice President Liduvino S. Geron, Senior Vice Presidents Khurshid U. Kalabud, Elsie Fe NB. Tagupa, and Catherine Rowena B. Villanueva, and other local government officials. “With the opening of the LANDBANK Liloan Branch-Lite, we are enthusiastic about further enhancing our support to Liloan. We hope to draw more investors to the town and help fast-track sustainable growth for all,” said LANDBANK President Ortiz. The newly inaugurated branch-lite features an automated teller machine (ATM) for fast, safe, and convenient cash withdrawals, and a Digital Corner where clients can open a deposit account in 15 minutes or less using the LANDBANK Digital Onboarding System (DOBS).LANDBANK now operates 27 branches and branch-lite units, and two lending centers across Cebu, complemented by 143 ATMs, five cash deposit machines (CDMs), and 19 LANDBANKasama Agent Banking Partners operating 59 Point-of-Sale (POS) terminals to service underserved communities.Cebuanos can also enjoy free cash withdrawals at 173 ATMs located in 7-Eleven convenience stores across the province, as part of the Bank’s partnership with Pito Axm Platform, Inc. (PAPI). During the event, LANDBANK President Ortiz also reaffirmed LANDBANK's commitment to supporting inclusive and sustainable development in Liloan and Cebu by extending financial support for priority projects. Beyond expanding its loan portfolio for the agriculture sector, LANDBANK aims to further support the town's tourism sector to stimulate employment opportunities and economic activities.LANDBANK is the only bank present in all 82 Philippine provinces with 606 branches and branch-lite units and 59 lending centers, and is committed to bring convenient banking services and accessible financial assistance closer to Filipinos nationwide.
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Conveniently settle traffic fines online via LANDBANK
Photo courtesy of Patrick Garcia, Manila BulletinSAN JUAN CITY – Traffic violators can now settle their fines and charges conveniently through the Link.BizPortal, the online payment facility of the Land Bank of the Philippines (LANDBANK), which has been integrated into the San Juan City Government’s webpage.LANDBANK joined the City Government of San Juan and the Metropolitan Manila Development Authority (MMDA) in launching the implementation of the Metro Manila Single Ticketing System (STS) in San Juan City on 15 November 2023.Photo shows San Juan City Mayor and Metro Manila Council President Francis Zamora (4th from left) with MMDA Chairman Romando Artes (3rd from left) leading the launching of the program, alongside San Juan City Vice Mayor Angelo Agcaoili (6th from left), MMDA Director Victor Nuñez (rightmost), and Land Transportation Office (LTO) Regional Director Noreen San Luis-Lutey (5th from left), together with LANDBANK Vice President Emelyn Justiniano (2nd from left) and San Juan Branch Head Zenaida R. Rodenas (leftmost).
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LANDBANK, PDIC partner for swift deposit insurance claims
LANDBANK President and CEO Lynette V. Ortiz (3rd from left) and PDIC President Roberto B. Tan (2nd from left) lead the signing of the IRR and Data Sharing Agreement for the issuance of LANDBANK VISA Debit Cards to deposit insurance claimants of closed bank depositors, witnessed by PDIC Vice President Adalzon P. Banogon (leftmost) and LANDBANK Executive Vice President Liduvino S. Geron (rightmost). To expedite the disbursem*nt of insurance claims, the Land Bank of the Philippines (LANDBANK) and the Philippine Deposit Insurance Corporation (PDIC) have partnered to provide LANDBANK accounts to Deposit Insurance Claimants (DICs) affected by bank closures.LANDBANK and PDIC signed the Implementing Rules and Regulations (IRR) and Data Sharing Agreement on 23 November 2023 in Makati City for the issuance of LANDBANK VISA Debit Cards to deposit insurance claimants of closed bank depositors.The partnership was formalized by LANDBANK President and CEO Lynette V. Ortiz and PDIC President Roberto B. Tan, with LANDBANK Executive Vice President Liduvino S. Geron and PDIC Vice President Adalzon P. Banogon as witnesses."LANDBANK is one with PDIC in ensuring the swift disbursem*nt of insurance claims. It is our privilege to complement your programs through our innovative banking solutions for the benefit of depositors," said LANDBANK President Ortiz.DICs can use the VISA Debit Cards at LANDBANK’s extensive network of 606 branches and branch-lite units across all 82 provinces of the country, ensuring access in even the most remote areas and communities nationwide.The LANDBANK VISA Debit Cards can also be used at 2,984 LANDBANK ATMs nationwide. DICS can also perform cash withdrawal and balance inquiry for free from 2,807 7-Eleven ATMs in Metro Manila and other major provinces in the country."We extend our heartfelt gratitude to LANDBANK for embarking on this journey with us, being PDIC's unwavering ally in providing depositor protection to our countrymen," said PDIC President Tan.DICS can open a LANDBANK account through the Digital Onboarding System (DOBS), enabling clients to initiate the process online before visiting the branch to finish the account opening in as fast as 15 minutes.Clients also get access to LANDBANK’s digital banking products and services, including the Mobile Banking App, for more efficient and convenient management of finances.The collaboration between LANDBANK and PDIC is geared towards the protection of depositors and enhancement of public service delivery through the use of digital banking solutions.
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