Landbank opens 400th branch

MANILA, Philippines — State-run Land Bank of the Philippines recently opened its 400th branch in Jagna, Bohol, as part of its efforts to bring financial services closer to unbanked and underserved areas in the country.

LandBank president Cecilia Borromeo said the opening of the new office in Jagna, a third class municipality in the province of Bohol, marks he bank’s continuing expansion program which aims to make its services more accessible nationwide.

“With LandBank’s presence here, we can help not only with your banking requirements, but also in promoting local businesses — microenterprises, cooperatives and SMEs (small and medium enterprises)  that drive the local economy,” Borromeo said during the branch’s opening ceremony.

She said LandBank hopes to partner with the municipal government of Jagna for its development projects, especially as it seeks to put Jagna in the Bohol tourism map and to further generate local employment.

“This is the overall objecive of our continuing expansion program, to bring access to financial service and credit assistance especially to the unbanked and underserved sectors of our society, so they to can be included and become active players in development,” she said.