In line with the National Women’s Month celebration this March, the Land Bank of
the Philippines (LANDBANK) reported that its gender and development (GAD) budget
attribution reached more than 50% of its corporate operating budget (COB) for
2022.
LANDBANK’s GAD budget attribution is an all-time high and an exponential increase
from 9.33% in 2021, meant to further mainstream GAD in the Bank’s policies,
programs, and activities.
As part of its continued commitment to advance gender equality and women
empowerment, the state-run Bank’s unprecedented GAD budget is expected to
translate to the delivery of more inclusive and gender-responsive services, especially
for unbanked and underserved women in the country.
This initiative also forms part of LANDBANK’s compliance with Republic Act No. 9710
or the Magna Carta of Women (MCW), which requires that at least 5% of the COB
be attributed to GAD, as overseen by the Philippine Commission on Women (PCW).
“LANDBANK has made significant strides in promoting GAD initiatives. We shall
continue to sustain and intensify these efforts to mainstream gender equality and
women empowerment, which includes exploring avenues for integrating gender-
sensitive policies in all our processes and programs,” said LANDBANK President and
CEO Cecilia C. Borromeo.
LANDBANK’s GAD budget for 2022 will fuel the roll-out of GAD-related programs,
such as client consultations on gender needs, conduct of gender sensitivity trainings,
and evaluation of lending programs for the advancement of GAD.
LANDBANK also supports the National Government’s gender mainstreaming agenda
through the creation of Regional GAD Focal Point Systems, grant of leave benefits
under the MCW, and adoption of activities recommended by PCW, among others.
Lastly, the Bank actively supports the implementation of Republic Act No. 11313 or
The Safe Spaces Act through information campaigns on zero-tolerance of gender-
based sexual harassment in the workplace and other public areas.
For more details about LANDBANK’s GAD initiatives, visit the LANDBANK GAD Corner
on its official website at www.landbank.com/gad-corner.
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