The Land Bank of the Philippines (LANDBANK) has extended financial support to the
ACDI Multipurpose Cooperative (MPC) to boost the co-op’s working capital catering
to uniformed personnel.
The state-run Bank has granted ACDI MPC rediscounting lines to provide affordable
credit for its over 269,000 members, including active and retired members of the
Armed Forces of the Philippines (AFP), and other uniformed personnel.
The ACDI MPC is the largest cooperative in the country in terms of assets. The
LANDBANK support will help the co-op offer more loan packages at friendly rates to
help members buy their dream home and vehicle, establish a business, or send their
kids to school.
“Since 1996, we are proud to have supported ACDI MPC’s growth and expansion into
one of the largest cooperatives in the country. We will remain committed to strengthening the co-op’s working capital to boost its lending activities for our uniformed personnel, and support expansion plans in their other business lines,” said
LANDBANK President and CEO Ortiz and ACDI MPC Chairman MGen Gilbert S. Llanto
AFP (Ret) led the signing of the loan agreement on 08 April 2024 at the LANDBANK
Plaza in Malate, Manila. They were joined by ACDI MPC President BGen Alfredo G.
Ramirez AFP (Ret), Executive Vice Presidents Esperanza G. Cauyan and Juliet B.
Saavedra, LANDBANK Executive Vice President Ma. Celeste A. Burgos and Senior
Vice President Lucila E. Tesorero.
“Today, the confidence that LANDBANK has put on us will reflect on the way our
people will also operate. Being the leading financial institution of the government, I
think it’s a good affirmation of how far ACDI has gone also,” said ACDI MPC
Chairman Llanto.
LANDBANK is also supporting the ACDI MPC’s digitalization journey for enhanced
operations and services through the Bank’s suite of digital banking solutions. The co-
op is currently utilizing the LANDBANK weAccess for select banking transactions and
the e-Tax Payment System (eTPS) for paying taxes online.
Last year, ACDI MPC received the prestigious LANDBANK Distinguished Initiators and
Movers of National Development (DIAMOND) Award for Outstanding Non-Agri-based
Cooperative during the Bank’s 60 th anniversary client commemoration event on 08
August 2023.
As of end-February 2024, LANDBANK’s outstanding loans to the cooperative sector
have reached P73.8 billion for the benefit of nearly 1,400 agri and non-agri-based
co-ops nationwide.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting
financial inclusion, digital transformation and sustainable development to benefit
Filipinos. It is committed to providing accessible and affordable financial support to
key players and industries as part of its broader thrust of serving the nation.
