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Manila Bulletin devider Business devider Banking & Finance devider PSALM secures ₱155-billion loan from Landbank to settle energy debt

PSALM secures ₱155-billion loan from Landbank to settle energy debt

Published Aug 18, 2026 09:13 pm

At A Glance

  • State-run Land Bank of the Philippines (Landbank) has extended a ₱155-billion bilateral term loan facility to the Power Sector Assets and Liabilities Management Corp. (PSALM) while onboarding the state-run power firm to its digital payment platform.
State-run Land Bank of the Philippines (Landbank) has extended a ₱155-billion bilateral term loan facility to the Power Sector Assets and Liabilities Management Corp. (PSALM) while onboarding the state-run power firm to its digital payment platform.
Landbank, acting as sole lender and arranger, said the facility will give PSALM greater financial flexibility to meet its critical energy obligations and support the country’s power sector.
PSALM has been onboarded to Landbank’s Link.BizPortal, allowing electric cooperatives, power companies and other authorized payors to settle Universal Charges online.
Landbank said in an Aug. 18 statement that the digital payment facility is expected to streamline nationwide collections while improving operational efficiency, transparency and accountability.
The latest agreement builds on the bank’s nearly two-decade partnership with PSALM. Landbank previously provided syndicated term loans worth ₱110 billion in 2024 and ₱100 billion in 2025.
Landbank President and CEO Lynette V. Ortiz and PSALM President and CEO Dennis Edward A. Dela Serna led the ceremonial signing of the loan agreement and digital onboarding on Aug. 4.
National Treasurer Sharon P. Almanza and Department of Finance Undersecretary Maria Angela E. Ignacio witnessed the signing, along with other Landbank and PSALM officials.
“We, at Landbank, believe modernization must deliver real results for the public. Through this agreement, we are strengthening the financial and digital foundations that support a reliable and sustainable energy sector,” Ortiz said.
Dela Serna said Landbank has supported PSALM “since the very beginning,” adding that the state power firm looks forward to further collaboration with the bank. (Derco Rosal)

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Landbank of the Philippines PSALM loan deal
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