LANDBANK, Bongabong LGU lead groundbreaking of Agri-Hub

Bongabong Municipal Mayor Elegio A. Malaluan (5th from left) and Vice Mayor Richard S. Candelario (4th from left), together with LANDBANK representatives, lead the groundbreaking ceremony at the LGU municipal compound on 6 September 2022. The activity was witnessed by LGU officials and several local businessmen from the Municipality.

BONGABONG, Oriental Mindoro – To better serve the requirements of farmers and
fishers, a Land Bank of the Philippines (LANDBANK) Agri-Hub will soon rise at the
compound of the Municipal Government of Bongabong.

Bongabong Mayor Elegio A. Malauan, together with LANDBANK Oriental Mindoro
Lending Center Head, Assistant Vice President Edwin Roel Ramos; Calapan San
Vicente Branch Head, Department Manager Ferdinand E. Abas; and Pinamalayan
Branch Head Lizza Mae D. Camposano, led the groundbreaking ceremony on 6
September 2022.

Mayor Malauan expressed his gratitude to LANDBANK, as the new touchpoint in the
locality will spur local economic growth and development—which are priorities under
his administration.

“The establishment of this Agri-Hub is a testament to our continued commitment to
serve key players in the agribusiness value chain. We hope to generate more
economic opportunities and activities in the Municipality and nearby areas,”
LANDBANK President and CEO Cecilia C. Borromeo said.

The construction of the LANDBANK Bongabong Agri-Hub is set to commence within
the month and expected to be inaugurated in late December 2022, in addition to the
Bank’s 10 existing Agri-Hubs nationwide.

The Bongabong Agri-Hub will provide accessible financial services mainly to the
12,233 farmers and fishers in the Municipality, to complement the nearest
LANDBANK Lending Center in Calapan City.

The Agri-Hub will also deliver banking services to public and private clients of the
Bank, including 5,360 beneficiaries of National Government’s Conditional and
Unconditional Cash Transfer (CCT/UCT) Programs in the Municipality.

The LANDBANK touchpoint will be equipped with various digital banking platforms,
including the Digital Onboarding System (DOBS), which simplifies the account
opening process for new clients to only 10-15 minutes.

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