BOLINAO, Pangasinan -- The Land Bank of the Philippines (LandBank) officially inaugurated on August 28, 2020, its newest branch in Bolinao, Pangasinan amid the ongoing Covid-19 crisis. The government bank now has 410 branches and extension offices nationwide.

The LandBank Bolinao Branch will provide banking services and credit assistance to both the first-class Municipality of Bolinao and the third-class Municipality of Anda, covering a total of 48 barangays.

“The LandBank Bolinao Branch provides another accessible and safe banking touchpoint for our clients and priority sectors in the province of Pangasinan. We remain focused and determined to bring our services closer to more farmers and fishers in the countryside and support local recovery and development efforts during these challenging times,” said LandBank President and CEO Cecilia C. Borromeo.

Bolinao Mayor Alfonso Celeste and LandBank North Luzon Branches Group Head First Vice President Ma. Belma T. Turla were present during the Bolinao Branch inauguration rites. They were joined by Bolinao Chief of Police Major Dennis Cabigat, LandBank Bolinao Branch Head Johnny Lim and LandBank Alaminos Branch Head Roehl Bautista.

“As a small municipality, we are very thankful for the historic opening of LandBank here in Bolinao to help finance our development projects. Banking will also be more convenient for us in the LGU, including our CCT beneficiaries and pensioners because we would no longer have to go to Alaminos for our transactions,” Bolinao Mayor Celeste said.

“Despite the current pandemic besetting our country, LandBank remains steadfast in providing timely and responsive financial support services to Filipinos, especially to the unbanked and underserved sectors. The opening of the LandBank Bolinao Branch today is a testament to this unwavering commitment,” Turla said.

With two onsite automated teller machines (ATMs), the new branch will also help facilitate cash assistance payouts under the Department of Social Welfare and Development’s (DSWD's) poverty alleviation programs

The newest LandBank branch is expected to serve a total of 7,253 rice and corn farmers, 6,337 beneficiaries under the Conditional Cash Transfer (CCT) Program and 2,257 beneficiaries under the Unconditional Cash Transfer (UCT) Program in Bolinao and Anda.

LandBank operates a total of 13 branches in Pangasinan, with the Bolinao Branch complementing operations in Alaminos, Binalonan, Calasiao, Carmen, Dagupan, Lingayen, Mangaldan, Mangatarem, San Carlos, Tayug, Umingan and Urdaneta.

For more updates, one can follow, kike and share the official LandBank Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LandBank website (www.landbank.com). (PR)