ILAGAN CITY, ISABELA — LANDBANK has sealed a financing deal with Sagittarian
Agricultural Philippines, Inc. (SAPI) to support the construction of the Isabela Feed Mill
Complex, reinforcing its commitment to advancing the country’s agricultural sector.
Under the partnership, LANDBANK will provide a P1.2 billion loan to partially fund the
development of the 15-hectare feed mill facility in the country’s corn capital, plus an
additional P100 million credit line to support SAPI’s working capital needs.
Strategically located in this city to maximize Isabela’s abundant corn supply, the Feed Mill
Complex will be leased to Charoen Pokphand Philippines Corporation (CPFPC), a leading
food and agro-industrial company and a long-standing LANDBANK client. The project is
expected to increase corn prices from P1.00 to P2.00 per kilogram, benefiting an estimated
97,734 small farmers across Isabela and neighboring provinces.
“With this investment, LANDBANK reaffirms its commitment to modernizing the agricultural
sector, empowering local farmers, and strengthening the country’s food security and
support the agriculture value chain,” said LANDBANK President and CEO Lynette V. Ortiz.
The loan and credit line signing ceremony was led by LANDBANK Northern Luzon Lending
Group Head First Vice President Eduardo N. Reyes Jr. and Northern Isabela Lending
Center Head Myra Myrtha M. Padolina, alongside SAPI President and CEO Jose Avelino C.
Diaz and Corporate Secretary Atty. Danver Albert R. Arzaga. Also present as witnesses
were City of Ilagan Mayor Josemarie L. Diaz, Vice Mayor Kyrill S. Bello, CPFPC Vice
President Suchart Panparn, Assistant Vice President Darwin Lictawa, and LANDBANK
Account Officer Honeylee B. Gomez.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting
financial inclusion, digital transformation, and sustainable national development. Present in
all 82 provinces in the county, the Bank is committed to provide accessible and responsive
financial solutions to empower Filipinos from countryside to countrywide.
