Land Bank of the Philippines is poised to overtake the Sy-led BDO Unibank Inc. as the country’s largest bank after President Marcos approved the proposed merger of the two state-owner lenders. Finance Secretary Benjamin E. Diokno said the government will merge the Development Bank of the...
President Ferdinand "Bongbong" Marcos Jr. is keen on merging the Development Bank of the Philippines (DBP) and the Lank Bank of the Philippines (Land Bank), which he called as a game changer amid recent financial developments abroad. Marcos presided over a meeting with the economic team on Tuesday,...
State-owned Government Service Insurance System (GSIS) now accepts optional non-life insurance (ONLI) premium payments and the corresponding taxes and fees from clients online through Land Bank of the Philippines. In a statement on Monday, Feb. 20, Wick Veloso, GSIS president and general manager,...
Four more government financial institutions (GFIs) have signed up in the national housing program of the Marcos administration, the Department of Human Settlements and Urban Development (DHSUD) disclosed on Thursday, Dec. 22. DHSUD Secretary Jose Rizalino Acuzar said he already signed an agreement...
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
The Federation of Free Farmers (FFF) asked President and concurrent Agriculture Secretary Ferdinand R. Marcos, Jr. to order Land Bank of the Philippines (LBP) to release P1 billion from the Rice Farmers Financial Assistance (RFFA) program to rice farmers. In a statement, FFF said the amount should...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
Leyte 1st District Rep. Martin Romualdez has filed the first bill in the 19th Congress, seeking to allocate P10 billion to two state banks to expand their lending capacities to micro, small, and medium enterprises (MSMEs) to help these recover from the Covid-19 pandemic. Leyte 1st District...
The University of the Philippines Los Baños (UPLB) and Land Bank of the Philippines signed an Academe-Industry Cooperation Agreement on June 3 at the Executive Conference Room, BM Gonzalez Hall at the UPLB campus for student training program partnership. University of the Philippines Los Baños...
The Muntinlupa City government has finally decided to avail of a low-interest loan being offered by Land Bank of the Philippines after the latter reminded that the program will expire next month. During the flag raising ceremony on March 21, Mayor Jaime Fresnedi announced that the city...
A group of teachers sought the assistance of the Department of Education (DepEd) to help resolve the issue of unauthorized online transactions reported by several teaching personnel. (Photo from Unsplash) The Teachers’ Dignity Coalition (TDC) said that as of Jan. 25, it has already submitted an...
The Land Bank of the Philippines (LANDBANK) has opened its first Agri-Hub in Central Luzon located in Rizal, Nueva Ecija as part of efforts to be more accessible to farmers and fishermen. In the next few weeks, the state-run bank is still targeting to open four more Agri-Hubs – located in Bago...
