Banking & Finance

Amid the devastating impact of El Niño on local harvests, Land Bank of the Philippines (LANDBANK) remains aggressive in extending financial support to rice farmers as total loans released through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) reached P2.5 billion as of 30 April 2024.  In partnership with Department of Agriculture (DA), LANDBANK has been …

The BSP is sharing the following information to clarify and respond to recent news  reports on six employees on the staff of certain Monetary Board members. We  hope this clarifies, within the bounds of confidentiality and fairness due to ongoing  proceedings, the steps the BSP has taken since first receiving reports on the issue,  to ensure that any erring employee …

Staying true to its mission of expanding the reach of financial education initiatives nationwide, BDO Foundation, together with the People Management Association of the Philippines (PMAP) and Empower and Transform Philippines, hosted a four-part webinar series tackling fundamental finance knowledge for human resource professionals. The webinar series aim to provide a focused understanding of financial markets, investing principles, and ethical …

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 …

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 …

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 …

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 …

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 …

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 …

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 …