Statement on the alleged ‘loan scheme’

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The Land Bank of the Philippines (LANDBANK) is conducting an
investigation on the alleged loan scheme raised by the president of the
American Boulevard Trading Corporation (American Boulevard).

The Bank exercises stringent vetting processes in granting and
implementing loans, based on its existing policies and all other pertinent
banking rules and regulations.

LANDBANK also maintains high ethical standards in the workplace and
takes any violation by its employees very seriously.
The Bank assures the public that it will not tolerate fraudulent practices
opposite to its brand of public service for over 58 years, anchored on
integrity, transparency, and accountability.


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