All local government units now maintain their deposit accounts with the Land Bank
of the Philippines (LANDBANK). This enables LANDBANK to further expand its role as
the biggest development partner of the LGU sector towards inclusive local
development.
”LGUs are LANDBANK’s primary partners on the ground in promoting inclusive and
sustainable growth. Having all LGUs in our deposit base ensures that we can cover
and better service local development requirements across the country,” said
LANDBANK President and CEO Cecilia C. Borromeo.
LANDBANK remains to be the biggest lender to the LGU sector with outstanding
loans reaching almost P70 Billion, most of which are for various agri-aqua projects,
transportation, and healthcare initiatives.
LANDBANK is the biggest government-owned universal bank that delivers timely and
responsive financial and support services primarily to small farmers and fishers, key
development industries, LGUs and government agencies, among others, towards
promoting inclusive countryside development.
