As part of its continuing commitment to bringing banking services closer to local communities, Land Bank of the Philippines (LANDBANK) has officially inaugurated its new branch in Burauen town in Leyte, its eighth in the province.
LANDBANK President and CEO Lynette V. Ortiz and Burauen Mayor Juanito E. Renomeron led the inauguration rites for the branch on July 18, 2024. They were joined by Julita Mayor Atty. Percival S. Cana, Burauen’s Liga ng mga Barangay President Fe S. Renomeron, LANDBANK Executive Vice President Liduvino S. Geron, and other local government officials.
Located in Brgy. Poblacion District 8, the LANDBANK Burauen Branch will cater to the banking needs of residents from the 77 barangays of the town. This eliminates the need to travel to the LANDBANK branches in Tacloban City, saving clients two hours of travel time and approximately P200 in round-trip expenses.
The branch’s strategic location also allows it to serve the 142 combined barangays of the municipalities of Dagami, Julita, Tabontabon, and La Paz, benefiting over 11,000 farmers and fishers, 16,700 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), government employees, and private depositors.
“Our mission is clear – to drive transformative progress from countryside to countrywide by delivering secure and reliable financial services up to the farthest corners of the archipelago. With the new LANDBANK Burauen Branch, we aim to enhance the accessibility of banking services for local residents,” said LANDBANK President and CEO Ortiz.
She also committed to supporting the province’s entire agricultural value chain by continuously extending loans to local farmers, fishers, and other players in the sector, as well as to local government units for the development of essential infrastructure.
The LANDBANK Burauen Branch is equipped with two automated teller machines (ATMs) and features a Digital Corner where clients can open a deposit account in 15 minutes or less using the LANDBANK Digital Onboarding System (DOBS).
“All of this means only one thing – more opportunities for us, Burawanons, in terms of financial inclusion, growth, and development. As an agricultural municipality, this branch means a lot to our farmers and business sector, who no longer need to travel just to inquire about and avail the services of this financial institution. Truly, LANDBANK in Burauen is a blessing for us,” said Burauen Mayor Renomeron.
The new branch complements the operations of seven other LANDBANK branches in Leyte located in the cities of Baybay, Ormoc, and Tacloban, and the municipalities of Carigara and Hilongos.
For fast, safe, and convenient cash withdrawals and transactions, LANDBANK has 61 automated teller machines (ATMs), six cash deposit machines (CDMs), and a LANDBANKasama Agent Banking Partner strategically located across Leyte.
Customers can also enjoy free cash withdrawals at 43 ATMs in 7-Eleven convenience stores, as part of the Bank’s partnership with Pito Axm Platform, Inc. (PAPI).
As of end-June 2024, LANDBANK operates 607 branches and branch-lite units nationwide, along with 60 lending centers. This extensive network is complemented by 3,112 ATMs and 232 CDMs, 3,399 7-Eleven ATMs, and 1,101 LANDBANKasama Partners operating 1,859 point-of-sale (POS) terminals. (PLN/LANDBANK)
