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April 24, 2024

Landbank opens first-ever commercial bank in Real, Quezon

State-run Land Bank of the Philippines led by bankero Cecilia Borromeo has opened a new branch in the first-class municipality of Real—the first-ever commercial bank in the town – in line with its aggressive thrust to promote financial inclusion in the country.

“With the Landbank Real Branch, we are looking to support the fast-paced developments in Real and its neighboring towns. We hope that this will draw more investors to the Province and spur local economic activities,” the bankero said.

Real Mayor Diana Abigail Aquino, Infanta Credit and Development Cooperative (ICDeC) chairman Fr. Francis Lucas joined Borromeo during the inauguration rites. Also present were Landbank executive vice president Julio Climaco Jr. as well as senior vice presidents Randolph Montesa and Althon Ferolino.

The Landbank Real Branch, located in Barangay Poblacion 1, Real, will provide banking services to the 50 combined barangays of Real, Polillo and Burdeos, as well as the unbanked and underserved communities in Panukulan, Patnanungan, and Jomalig.

The newly inaugurated branch has two onsite ATMs to cater to the cash requirements of local residents, including more than 7,500 beneficiaries of the conditional and unconditional cash transfer programs of the Department of Social Welfare and Development (DSWD), as well as government employees, teachers, and students, among others.

It also features a digital corner where customers can open a deposit account in only 15 minutes or less using the bank’s Digital Onboarding System (DOBS). Opening an account via DOBS provides automatic enrollment to Landbank’s digital banking channels for safe and convenient online transactions.

Landbank currently operates a total of 13 branches and a lending center in the Province of Quezon, complemented by 64 ATMs and cash deposit machines (CDMs) to facilitate fast, safe, and timely cash withdrawals and deposits.

It is the only bank present in all 81 provinces in the country, with a network of 607 branches and 58 lending centers as of 03 June 2022.

The state-run bank’s continued expansion across the country underscores its commitment to bring banking services closer to its priority sectors, especially in unbanked and underserved areas.