The Land Bank of the Philippines (LANDBANK) garnered three Merit
Awards during the 45 th Association of Development Financing
Institutions in Asia and the Pacific (ADFIAP) Annual Meeting on 26
October 2022 at the Conrad Hotel in Pasay City.
“These recognitions from the ADFIAP highlight LANDBANK’s expanded
coverage as a development institution. We will continue our efforts to
help address climate change; support key economic industries to
recovery and resiliency; and fast-track financial inclusion nationwide,”
said LANDBANK President and CEO Cecilia C. Borromeo.
LANDBANK received the Merit Award on Environmental Development for
the Renewable and Efficient Alternative (REAL) Energy Financing
Program, which supports renewable energy projects that promote local
capacity for climate change adaptation and mitigation.
As of 31 August 2022, LANDBANK has approved P20.2 billion in loans to
59 borrowers under the REAL Energy Financing Program.
The Bank also received the Infrastructure Development Merit Award for
providing efficient right-of-way appraisal services for the infrastructure
projects of the Department of Public Works and Highways (DPWH) and
Department of Transportation (DOTr).
In 2021, the Bank successfully appraised around 10,000 properties for
92 big-ticket infrastructure projects for roads, highways, bridges, and
railways, to help stimulate local economic activities, attract foreign
investments, and create employment opportunities.
LANDBANK likewise received the ADFIAP Merit Award for Financial
Inclusion for its contribution to the Enhanced Partnership Against
Hunger and Poverty (EPAHP) initiative, which aims to mitigate hunger,
ensure food and nutrition security, and reduce poverty in urban and
rural communities.
The Bank alloted P2 billion under the LANDBANK EPAHP Lending
Program to extend collateral-free loans to farmers and fishers groups
organized as Community-Based Organizations (CBOs), who in turn
supply food items for the feeding programs of partner government
agencies.
LANDBANK has released under the EPAHP Lending Program a total of
P9.6 million to seven agri suppliers as of September 2022.
The ADFIAP is on its 45th year of recognizing outstanding leadership
achievements by individuals and organizations in the Philippines and
across the Asia-Pacific region.
