LANDBANK distributes payouts via card to Ilocos region crop insurance claimants

SEVEN FARMER-beneficiaries from Region I received a combined P46,400 worth of insurance payouts through their LANDBANK (Land Bank of the Philippines) prepaid cards. LANDBANK said in a statement on Sunday that the disbursements represent payouts from the Philippine Crop Insurance Corp. (PCIC), following calamities that affected farmers’ crops.   The bank added that it employed digital […]

Bank funders’ claim on Maharlika returns questioned in Senate

By Alyssa Nicole O. Tan, Reporter THE GOVERNMENT banks providing capital to the Maharlika Investment Fund (MIF) have no clear claim on the fund’s returns in the bill setting up the proposed sovereign wealth fund, a Senate committee heard. Senator Francis Joseph G. Escudero on Wednesday asked economic managers to provide specifics on how the Land Bank of the […]

Sarangani obtains P-B LANDBANK loan for development projects 

LAND BANK of the Philippines (LANDBANK) has approved a P1-billion loan for the Sarangani provincial government to fund development projects.   Sarangani will spend half of the money to buy heavy equipment, P200 million for hospital and medical equipment, and P300 million for the establishment of a provincial agri-fisheries complex, the state-owned bank said in a […]

Landbank, Israel Embassy explore partnership to boost PH development

TO FURTHER strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (Landbank) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss and Landbank president and chief executive officer Cecilia Borromeo in a meeting discussed Israel’s modern […]

LANDBANK in agri tech, dev’t financing tieup with Israel

THE Land Bank of the Philippines (LANDBANK) said it is collaborating with the government of Israel to share technology and best practices in agriculture and development financing. “LANDBANK continues to explore strategic partnerships to help advance national development. We look forward to collaborating …towards the adoption of innovative technology and approaches, especially in the agriculture […]

SEC expands partnership with LANDBANK for more payment options

THE SECURITIES and Exchange Commission (SEC) has expanded its partnership with state-run Land Bank of the Philippines (LANDBANK) to provide more payment options for the transacting public.   In a press release on Tuesday, the regulator said that it signed on Nov. 28 a memorandum of agreement with LANDBANK, which will allow payments for SEC-related transactions […]

Landbank vows full support for public transport programs

THE Land Bank of the Philippines (Landbank) renewed its commitment to the Department of Transportation (DOTr) to fully support programs that provide more efficient, convenient and modern public transportation to Filipino commuters. During a courtesy visit on Sept. 2, 2022, Landbank president and chief executive officer Cecilia Borromeo met with DOTr Secretary Jaime J. Bautista […]

Landbank’s Agrisenso: Innovation key to boosting livestock industry

THE Land Bank of the Philippines (Landbank) has gathered key agriculture players who underscored the importance of adopting science-based approaches and latest technologies to address the challenges facing livestock raisers and achieve self-sufficiency in meat and dairy production.The second run of the Landbank AgriSenso Virtual Forum on Aug. 30, 2022 put the spotlight on the […]

Digital transactions via LANDBANK surge in the first semester

DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) increased in the first half, driven by increasing demand and the government’s push for online financial services. The state-run bank facilitated a total of 77.6 million transactions amounting to P1.4 trillion in the first six months of the year, LANDBANK said in a statement on […]

LANDBANK lends P75M to finance banana farm rehab

THE Land Bank of the Philippines (LANDBANK) said it lent P75 million to Reicher Banana Farm, Inc. (RBFI) to help it recover from Panama disease. “RBFI availed of a P75-million loan from LANDBANK in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation,” LANDBANK said. “After two years of rehabilitation, […]

LANDBANK signs agreement with CPFP on loans for agriculture sector

LAND BANK of the Philippines (LANDBANK) signed a memorandum of agreement with agro-industrial company Charoen Pokphand Foods Philippines Corp. (CPFP) to provide financial support to hog, poultry, and aqua raisers. “We welcome this partnership to advance the competitiveness of swine, poultry, and aqua industry players nationwide. LANDBANK will continue to provide appropriate financing support to […]

Landbank: ‘PhilSys’ brings more than 5M unbanked Filipinos to financial mainstream

THROUGH the Philippine Identification System (PhilSys), state-run Land Bank of the Philippines (Landbank) onboarded more than five million unbanked PhilSys registrants nationwide. As of Sept. 2, 2021, Landbank said in a statement that it has onboarded 5.3 million unbanked PhilSys registrants for their own transaction accounts through account opening booths at select PhilSys co-location areas […]

LANDBANK looking to sell soured loans, assets via FIST Law

STATE-RUN Land Bank of the Philippines (LANDBANK) may sell its bad assets through the provisions of the Financial Institutions Strategic Transfer (FIST) Law as it seeks to improve its asset quality and boost lending to sectors affected by the pandemic. “LANDBANK is considering selling nonperforming assets (NPAs) through FIST corporations to avail of the benefits […]

LANDBANK expands credit facility for businesses

LAND BANK of the Philippines (LANDBANK) increased its credit line for pandemic-hit businesses to P50 billion from P20 billion previously due to strong demand. LANDBANK said so far, it has approved P20.95 billion in loans for 460 borrowers under its Interim Rehabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19 or I-RESCUE program. It has […]