State-un Land Bank of the Philippines led by bankero Cecilia Borromeo launched a more streamlined service line for World War II veterans and their dependent-pensioners.
The country’s second largest lender in terms of assets said it signed an amended agreement with the Philippine Veterans Affairs Office (PVAO) for the direct remittance pension servicing system.
Under their enhanced agreement, Landbank and PVAO “streamlined procedures for pension account opening and formalized crediting of other PVAO benefits, such as medical and burial assistance, to the Landbank ATM accounts of pensioners.”
Landbank expressed that these improvements aim to assist customer’s transition into the new normal caused by the pandemic.
