Land Bank of the Philippines (LANDBANK) has been tapped by the Department of
Social Welfare and Development (DSWD) for the efficient and timely delivery of
financial relief to crisis-affected individuals, including those in remote and
underserved communities.
Under DSWD’s Assistance to Individuals in Crisis Situation (AICS) Program,
LANDBANK will serve as the Department’s disbursement partner and will engage
financial service providers to effectively facilitate payouts in identified regions.
This new set-up eliminates the need for beneficiaries in remote communities and
geographically isolated and disadvantaged areas (GIDAs) to travel to other towns
and cities to seek and receive financial aid from DSWD Regional Offices.
The pilot implementation will cover beneficiaries in the National Capital Region,
Cagayan, Central Luzon, and CALABARZON.
“Through our partnership, we look to ensure the swift and timely delivery of financial
aid to vulnerable individuals and families suffering from unforeseen life events or
crises, including those beneficiaries in far-flung areas,” said LANDBANK President
and CEO Lynette V. Ortiz.
DSWD Secretary Rex T. Gatchalian and LANDBANK President and CEO Ortiz led the
signing of the Memorandum of Agreement (MOA) for the pilot implementation of the
improved delivery of the AICS Program on 21 May 2024 at the DSWD Central Office
in Quezon City. Witnesses include DSWD Undersecretary Monina Josefina H.
Romualdez and LANDBANK Executive Vice President Liduvino S. Geron.
The AICS Program supports the recovery of individuals and families suffering from
unexpected life events or crises by providing assistance for medical, burial,
transportation, food, educational, financial or other essential needs.
LANDBANK serves as the main distribution arm of the National Government’s various
social protection programs, facilitating the timely and safe disbursement of financial
assistance to vulnerable and underserved sectors.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting
financial inclusion, digital transformation and sustainable development to benefit
Filipinos. The Bank is present in all 82 provinces in the country, committed to
providing accessible and affordable financial support to key players and industries as
part of its broader thrust of serving the nation.
