AGUINALDO, Ifugao -- In line with advancing financial inclusivity, the Land Bank of the Philippines (Landbank) recently inaugurated its new offsite ATM in the Municipality of Aguinaldo, Ifugao.
As the only financial institution servicing the municipality, Landbank’s ATM located at the Ubao Barangay Hall will play a vital role in addressing the financial needs of the 16 barangays in Aguinaldo, as well as other neighboring towns.
Aguinaldo Mayor Gaspar Chilagan Jr. and Landbank Santiago Branch head AVP Virginia Savilla led the ceremonial event on September 5, 2023, together with other local officials.
"We remain steadfast in expanding our touchpoints to provide accessible and responsive financial support and services nationwide, especially in unbanked and underserved areas in the countryside," said Landbank president and CEO Lynette V. Ortiz.
The new Landbank ATM will add to the two point-of-sale (POS) terminals of the Aguinaldo Pomochan Multi-Purpose Cooperative, a Landbank Agent Banking Partner (ABP) that provides basic financial transactions on behalf of the bank.
"We extend our heartfelt gratitude to Landbank for this invaluable ATM addition, sparing our residents the unnecessary hassles of seeking distant banking facilities. This initiative significantly enhances the accessibility and convenience of banking services within our community," said Chilagan.
The strategic placement of the Landbank ATM will also benefit various segments of the community, including municipal government employees, pensioners, teachers, police and military personnel, 4Ps beneficiaries, senior citizens, jeepney operators and drivers, and other recipients of the national government’s social programs.
Landbank continues to step up the expansion of its touchpoints to help bridge the gap of financial accessibility for residents in remote areas, contributing to economic growth and development in the regions.
The state-run Bank is celebrating its 60th anniversary this year, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy. (PR)