LANDBANK LGU Loans in Visayas Reach P33.4 Billion

STATE-OWNED Land Bank of the Philippines (LANDBANK) said its development financing for local government units (LGUs) in the Visayas reached P33.4 billion as of May, supporting local infrastructure and development projects. The total consisted of P32.7 billion released under the bank’s LGU lending program and P650.9 million under its LGU multi-developmental financing support program. “By equipping our LGUs with tailored financing and digital innovations, LANDBANK is empowering local leaders to execute high-impact projects, streamline governance and drive truly inclusive and sustainable growth for every Visayan community,” LANDBANK President and Chief Executive Officer Lynette V. Ortiz said in a statement. LANDBANK also said it has more than 2,000 banking touchpoints across the Visayas, including 107 branches, 691 automated teller machines, 13 lending centers and 174 partners.