The Land Bank of the Philippines (LANDBANK) has honored its outstanding partner countryside financial institutions (CFIs) for their significant support to the bank’s credit programs aimed at promoting countryside development.
Finance Secretary and LandBank chairman Cesar Purisima and LandBank Pres. and CEO Gilda Pico led the conferment of 27 awards with total cash prizes of P2.7 million.
The bank is now on its 12th year of paying tribute to outstanding CFIs which serve as models of excellence in rural financial services.
LANDBANK named the People’s Bank of CARAGA, Inc. from Agusan del Sur as the most outstanding CFI in the national category followed by the Zambales Rural Bank, Inc. in Olongapo City.
The Agribusiness Rural Bank, Inc. in Nueva Vizcaya bagged the third place while the Asian Hills Bank, Inc. in Bukidnon and the Rural Bank of Goa, Inc. in Camarines Sur landed in fourth and fifth places, respectively.
The first, second and third place winners in the national level received P300,000, P200,000, and P150,000, respectively while the fourth and fifth place winners received P100,000 and P75,000, respectively.
Elevated to the Hall of Fame Award which received a plaque and cash prize of P300,000 was the Rural Bank of Marayo, Inc. in Negros Occidental.