Landbank eyes 10 new branches this year

MANILA, Philippines - State-run Land Bank of the Philippines is planning to put up 10 new branches this year to serve its growing clientele and further expand its reach to underserved areas.

Landbank president and CEO Gilda Pico said of the targeted 10 new branches, two were recently opened: in Carmen (Rosales) Pangasinan and at the GSIS headquarters in Pasay City.

The GSIS branch is now servicing various institutional and individual clients, particularly GSIS members and pensioners for the e-crediting of GSIS disbursements such as loans, pensions and dividends through the GSIS UMID Cards.

The branch also offers standard deposit products such as current, saving and time deposit, credit cards, investment and loan products.

Meanwhile, the new branch in Carmen Pangasinan is the bank’s eighth branch in the province. It caters to clients in Carmen as well as the neighboring municipalities of Sto. Tomas, Alcala, Balungao and Bautista.

“We remain aggressive in expanding our network and bringing banking services closer to unbanked and underserved areas, in line with our continuing efforts towards greater financial inclusion,” Pico said.

The additional branches will bring to 351 the total branches of Landbank nationwide servicing farmers and fisherfolk, micro and SMEs, and other priority sectors.