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Land Bank online banking usage surges

State-lender Land Bank of the Philippines said it recorded a sustained surge in usage of its digital and e-banking channels in the first four-months of the year as health and mobility restrictions remain in place.

In a statement, Cecilia C. Borromeo, Land Bank president and chief executive o ....

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LandBank waives online fund transfer fees until June 30; mobile app transactions up 71% as of February

CALOOCAN CITY, April 1 (PIA) With the recent spike in COVID-19 cases in the country, the Land Bank of the Philippines (LandBank) is extending once again the waiver of fees for online fund transfers of retail clients until June 30, 2021.
The waiver of fees, previously extended only until March 31, 2021, covers online fund transfers facilitated through LandBank’s online banking channels via InstaPay and PESONet.
Among these platforms is the LandBank Mobile Banking App (MBA) which facilitated 14.1 million transactions valued at P20.27 billion as of end-February, amounting to increases of 71 percent and 230 percent, respectively, over the same period in 2020.
The LandBank MBA was upgraded last year to include new features such as an enhanced user interface, card-less withdrawal, and registration of Mastercard credit and prepaid cards. ....

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LandBank records 16% hike in assets to P2.362-T

CALOOCAN CITY, Feb. 15 (PIA) Deposits breached the P2-trillion mark, which allowed state-run Land Bank of the Philippines (LandBank) to record a 16.1 percent increase in total assets of P2.362 trillion in 2020 from its 2019 level of P2.033 trillion.
The Bank said deposits expanded to P2.093 trillion, 17.4 percent higher from P1.783 trillion in 2019. This also fueled a significant 41.4 percent growth in investments from P694.9 billion to P982.5 billion.
“LandBank posted marked growth in assets and deposits in 2020 a record achievement given the widespread economic impact of the health crisis. We will build on these gains and continue along this path to better serve our priority sectors, especially small farmers and fishers, micro, small and medium enterprises and other key development players,” said LandBank President and CEO Cecilia C. Borromeo. ....

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Landbank records 16% hike in assets to P2.362T

SunStar
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February 15, 2021
DEPOSITS breached the P2-trillion mark, allowing state-run Land Bank of the Philippines (Landbank) to record a 16.1 percent increase in total assets of P2.362 trillion in 2020 from its 2019 level of P2.033 trillion.
Landbank said deposits expanded to P2.093 trillion, 17.4 percent higher from P1.783 trillion in 2019. This also fueled a significant 41.4 percent growth in investments from P694.9 billion to P982.5 billion.
Landbank posted marked growth in assets and deposits in 2020 a record achievement given the widespread economic impact of the health crisis. We will build on these gains and continue along this path to better serve our priority sectors, especially small farmers and fishers, micro, small and medium enterprises and other key development players, said Landbank president and CEO Cecilia C. Borromeo. ....

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