Land Bank of the Philippines (LANDBANK) will soon use cards with quick response (QR) code functionality to facilitate more convenient and secure cash aid disbursement to beneficiaries of the National Government’s social amelioration programs. The LANDBANK cards with QR code will provide beneficiaries an alternative method to immediately receive and access their funds, ensuring timely assistance from government agencies especially …
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The Bangko Sentral ng Pilipinas (BSP) conducted its 6th Procurement Opportunities Fair to encourage and capacitate more bidders to participate in competitive and transparent procurement of various goods and services needed by the bank. Held at the BSP Head Office in Manila from 23 to 25 April 2024, the event drew the participation of suppliers, contractors, consultants, manufacturers, and distributors from various …
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The Municipal Circuit Trial Court of Alfonso-General Aguinaldo, Cavite convicted Angelina Vidallon Romasanta for violating the Revised Penal Code in relation to a fictitious loan with the closed Community Bank (Rural Bank of Alfonso, Inc.) (CBRBAI). The criminal case arose from the investigation on CBRBAI conducted by the Bangko Sentral ng Pilipinas (BSP), which discovered that Romasanta forged the handwriting …
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The Land Bank of the Philippines (LANDBANK) is ramping up its digital transformation efforts this year to streamline operations and deliver top-notch customer experience. Since assuming leadership in May 2023, LANDBANK President and CEO Lynette V. Ortiz has prioritized the adoption of new technologies across the Bank’s operations to elevate customer convenience and accessibility to financial services. “We are heavily …
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The Bangko Sentral ng Pilipinas (BSP) and the Asian Development Bank (ADB) formally turned over the Agricultural Value Chain Financing (AVCF) Project to the Agricultural Credit Policy Council (ACPC) in a ceremony on 15 February 2024 at the BSP head office in Manila. With this, the Department of Agriculture’s ACPC will spearhead capacity building for financial institutions under a dedicated …
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SB Finance has won the “Best Loan Offering” award for its pioneering employee salary loan product, eSALAD, at the 15th Retail Banker International Asia Trailblazer Awards, held in Marina Bay Sands Expo and Convention Centre, Singapore on March 14, 2024. eSALAD was lauded for its customer-centric design and its substantial impact on the financial lives of its users. The award …
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State-run Land Bank of the Philippines (LANDBANK) recently inaugurated agri-hubs in Oriental Mindoro and Misamis Occidental, in its continued bid to boost the rice production and economic activities in these provinces. LANDBANK has been establishing agri-hubs in the country’s top rice-producing provinces to bring various financial services under one roof. These include banking services such as account opening, withdrawals, and …
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Personal remittances from Overseas Filipinos (OFs) registered US$3.15 billion in January 2024, higher by 2.7 percent than the US$3.07 billion recorded in the same month last year. The increase in personal remittances in January 2024 was driven by increased remittances from land-based workers with work contracts of one year or more and 2) sea- and land-based workers with work contracts …
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Security Bank Corporation (PSE:SECB) has teamed up with Helios, the country’s pioneering climate fintech firm behind the innovative solar mortgage program, to revolutionize the way Filipinos access clean and sustainable energy. This strategic partnership, cemented by the signing of a Memorandum of Agreement (MOA) on February 29, 2024, marks a significant milestone in the journey towards a greener and more …
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In a monumental gathering, the giants of the banking world have come together in an intimate dinner setting recently to fortify their connections and collaborate on a mission of paramount importance: financial inclusion. This unprecedented event showcases the commitment of the banking leaders to bridge gaps and pave the way for a more inclusive financial landscape. Through shared insights, strategic …
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The Market Monitor Minding the Nation's Business