The Market Monitor Minding the Nation's Business
Teachers and residents will no longer need to wait in long queues and travel to other towns for their cash requirements, with the installation of a new Land Bank of the Philippines (LANDBANK) ATM at the Amai Pakpak Central Elementary School (APCES) Compound in Barangay Buadi Sacayo.
In partnership with the Department of Education (DepEd) – City Schools Division of Marawi (CSDM), the initiative aims to primarily serve around 1,500 teachers and school personnel who maintain payroll accounts with LANDBANK.
With its strategic location, the LANDBANK ATM is also accessible to other educational institutions in the area, including the Marawi City National High School and the Mindanao State University (MSU) – University Training Center.
The LANDBANK ATM is likewise available to serve the cash requirements of the Bank’s customers in the four (4) nearby barangays of Bangon, Barrio Fort, Datu Saber and Poblacion.
Around 3,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD) will also benefit from the accessible LANDBANK ATM.
“LANDBANK’s physical presence in strategic areas remains an essential part of our financial inclusion thrust. We are focused on reaching and serving our varied customers nationwide, especially those in remote and underserved areas,” said LANDBANK President and CEO Cecilia C. Borromeo.
CSDM OIC-Schools Division Superintendent Anna Zenaida U. Alonto and LANDBANK Marawi Branch Head Noraida M. Dindang led the inauguration of the LANDBANK ATM on 31 August 2022. They were joined by Regional State Prosecutor Atty. Rohaira A. Lao, Ministry of Basic, Higher and Technical Education (MBHTE) Regional Consultant Soraida Nor, and LANDBANK Maigo (Lanao del Norte) Branch Head Raisha L. Marohombsar.
Aside from payroll services, LANDBANK also extends electronic salary loan services to CSDM for the financing needs of its teaching and non-teaching staff through the LANDBANK Marawi and Cotabato Branches.
The newly-installed LANDBANK ATM in the APCES Compound brings the Bank’s total number of ATMs in Lanao del Sur to 16, complementing two (2) Branches and two (2) Cash Deposit Machines (CDMs) in the province, as of 31 August 2022.
LANDBANK is the only bank present in all provinces of the country, composed of 608 Branches; 2,875 ATMs; and 232 CDMs.