Land Bank of the Philippines (2024)

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 LANDBANKLANDBANK 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 OFBankThe 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 LANDBANKLANDBANK 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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