The Land Bank of the Philippines (LANDBANK) donated a total of P1.5 million-worth
of financial aid to local government units (LGU) in Northern Luzon, in support of
recovery efforts in the aftermath of the 7.0 earthquake that hit the region last July.
The Bank extended donations of P200,000 for affected provinces and P100,000 each
for municipalities.
LGUs that received financial assistance include the Municipalities of Bangued, Bucay,
Dolores, Lagangilang, Luba, Manabo, Peñarrubia, Pilar, Tayum, and Villaviciosa in
Abra; Pasil in Kalinga; and the Provincial Governments of Abra and Ilocos Sur.
“As the biggest development partner of the LGU sector, LANDBANK is fully
committed to service the recovery and growth requirements of our partner LGUs,”
said LANDBANK President and CEO Borromeo.
According to the Philippine National Disaster Risk Reduction and Management Center
(NDRRMC), the 7.0 magnitude earthquake affected more than 21,000 residents,
mostly from the Province of Abra and its adjacent towns.
Apart from the financial aid, the Bank continues to ensure the availability and
accessibility of cash in the earthquake-hit areas.
A LANDBANK Mobile ATM was immediately deployed to the Municipality of Bangued
on 29 July 2022 and provided service to the community until 3 August 2022.
