LANDBANK vows strong support for Cebu’s livelihood program

CEBU - The Land Bank of the Philippines (LANDBANK) strengthened its ties with the Provincial Government and vowed its continued support for Cebu’s Enhanced Countryside Development (ECD) Program for farmers and fisherfolk.

LANDBANK receives 'ADFIAP' award for driving local recovery

THE LAND Bank of the Philippines (LANDBANK) has received the prestigious “Merit Award for Outstanding Development Project for Local Economic Development” from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

LANDBANK backs Misamis Occidental co-op’s agri initiatives; enhances mobile banking app

MISAMIS OCCIDENTAL – As the COVID-19 pandemic continues to affect livelihoods and employment throughout the country, the Lorenzo Tan Multi-Purpose Cooperative (LTMPC) in Tangub City has remained responsive to the financial needs of its members, with help from the Land Bank of the Philippines (LANDBANK).

LANDBANK funds expansion of Nueva Ecija-based rice mill

NUEVA ECIJA – Spouses Glenda and Alex Rommel Romano have come a long way from initially trading only a few sacks of palay and milled rice two decades ago. Now, they run a thriving rice milling business in Lupao town which regularly supplies Metro Manila and various provinces with tons of aromatic rice varieties.

LANDBANK 9-month 2021 profit surges 21% to P16.72 Billion

THE STATE-run Land Bank of the Philippines (LANDBANK) posted double-digit growth in net income, assets, deposits and capital year-on-year for the nine-month period ending 30 September 2021.

Land Bank praises Sulu for new ATM, CDM building

SULU - The Sulu provincial government has formally inaugurated a building for 2 Automated Teller and one Cash Deposit Machines (ATM and CDM) at the Capitol compound in Patikul town in an effort to provide efficient access to electronic banking services.

Sulu puts up ATM, CDM building

SULU - The Sulu provincial government has constructed a building that would house an Automated Teller and Cash Deposit Machines (ATM and CDM) at the Capitol compound in Patikul town in an effort to provide efficient access to electronic banking services.

Duterte to get more loans

THE PHILIPPINES continues to sink in debts the government trumpeted fresh loans running into billions of pesos to fund the purchases of anti-Covid vaccines and other responses to the pandemic.

Overseas Filipino Bank continues to attract OFWs

THE OVERSEAS FILIPINO Bank or OFBank - owned by the Land Bank of the Philippines or LANDBANK - continues to attract more overseas Filipino workers because of its many services that cater to land-based OFWs, seafarers, immigrants, and Filipinos with working visas.

Remittance services are likewise available to OFBank clients through LANDBANK’s extensive network of remittance partners worldwide. As of end-April 2019, around 2,000 new OFW accounts have been opened with OFBank, according to Catherine Rowena Villanueva, First Vice President, Corporate Affairs Department of LANDBANK..

She said OFBank, which has been operational since its launch in January 2018, has already introduced various products and services for its target markets. And these services include deposit products such as the EMV-enabled Visa Debit Card, Checking Account, Easy Savings Plus, High Yield Savings Account, USD Savings Deposit, and USD Time Deposit; along with various loan products such as housing, multipurpose, salary, and SME loans.

OFBank is currently in a transition process to move toward a “One Branch Digital Bank” model and this includes consolidating OFBank branches which started in March 2019 upon receipt of approval from the Bangko Sentral ng Pilipinas.

Villanueva said part of the transformation to utilize mobile and online platforms is the integration with LANDBANK’s iAccess retail banking portal, which allows OFBank clients to conduct banking transactions online.

She said the OFBank Mobile Banking App was launched in July 2018 and the OFBank Board of Directors is further reviewing the Bank’s business model to ensure that the needs and concerns of the target clientele are aptly addressed.

Currently heading the OFBank is a nine-member Board of Directors composed of six Directors from LANDBANK and three Directors on holdover capacity, pending official appointment of the three Directors to represent the Department of Labor and Employment, the Overseas Workers Welfare Administration, and an OFW Representative. (Mindanao Examiner)


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