STATE-RUN Land Bank of the Philippines plans to put up 12 more branches and extension offices this year. The expansion will bring the total number of its branches nationwide to 363 by the end of 2015, as part of its drive toward greater financial inclusion.
In a statement, LandBank said it remains aggressive in expanding its physical network to bring financial services to areas that have limited banking presence.
Last year the bank opened 10 new branches and extension offices in Carmen, Pangasinan; Guagua, Pampanga; Sto. Tomas, Batangas; Daraga, Albay; Carigara, Leyte; Dapitan, Zamboanga del Norte; GSIS Main Office, Pasay; Araneta Center, Cubao, and Alabang Business Center.
LandBank also completed its presence in all of the country’s 81 provinces in November with the opening of a branch in San Jose, Dinagat Island.
“Our goal is to penetrate and bring financial services to areas with limited or no access. This is why we continue to look for ways to provide innovative channels and provide banking services to areas where we have no branches and there are no deposit-taking conduits,” said LandBank president and chief executive officer Gilda Pico.
The bank said it is also capitalizing on technology to bring banking services to as many Filipinos as possible across the country.
One such innovative channel it launched recently is the LandBank Easy Access Facility (LEAF), which is designed to complement its network of branches and extension offices across the country.
LEAF functions as an “Other Banking Office” that allows clients to conduct non-transactional banking activities such as ATM withdrawals, self-service cash deposits, submission of loan applications and requirements for opening accounts, and inquiries about loans, savings, and other products and services.
Each facility hosts an ATM, a cash deposit machine, the LandBank Express Access Machine, which accepts tax payments and has future capability to accept PhilHealth contributions and other bill payments, and other machines that may be developed in the future.
LandBank announced that it is set to open 20 LEAFs this year, in addition to the six facilities opened in 2014 in Sulop, Davao del Sur; Pitogo, Quezon; Argao, Cebu; Moncada, Tarlac; Pamplona, Cagayan; and Caba, La Union.