CAPITOL SITE, Cebu – Top officials from the Land Bank of the Philippines
(LANDBANK) visited the Cebu CFI Community Cooperative (Cebu CFI) to reaffirm the
Bank’s continued support to the lending cooperative and its members.
LANDBANK President and CEO Cecilia C. Borromeo led the contigent on 15
September 2022, together with National Development Lending Sector Head,
Executive Vice President Liduvino Geron, Corporate Banking Group Head, Senior Vice
President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President
Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar,
among other LANDBANK officials.
The state-run Bank is set to grant Cebu CFI a new rediscounting loan line
facility—while renewing its existing short-term loan line—to strengthen the
cooperatives’ relending services for housing and livelihood projects.
Cebu CFI serves over 154,700 members nationwide composed mostly of local
government employees, teachers, and private employees, with exisiting branches
and sattelite offices in Luzon, Visayas, and Mindanao.