25 YEARS OF PARTNERSHIP WITH LANDBANK OF THE PHILIPPINES
- January 2, 2020
Rang-ay Bank and the Landbank of the Philippines (LBP) strengthened decades of partnership last October 17, 2019 at the bank’s Head Office in San Fernando City, La Union.
Rang-ay Bank received the Gawad Pilak Award from LBP in recognition of 25 years of continued partnership. The award was presented by LBP Assistant VP Adeline Ramos, Department Managers Jesus Allegre (LBP SFC), Elizelda Calica (LBP Agoo), Ferdinand Palaganas (LBP Bauang) and Account Officer Janyfi Cisnero. On hand to receive the award were Rang-ay Bank President & CEO Ives Jesus Nisce II, Sr. Remedial Management Manager Nina Francisca Palabay and Credit Management Officer Kaye Ann Culbengan. “PILAK” stands for “Pagkilala sa mga Institusyon at Indibidwal na Lumingap sa mga Adhikain para sa Kaunlaran”.
In addition to the award, the bank signed an enhanced Rediscounting Line Agreement with Landbank last December 7, 2019. The improved rediscounting line allows Rang-ay Bank to enhance affordable credit facilities and financial services to farmers and fisherfolks, public and private workers, land owners, rural entrepreneurs, real estate developers and OFW’s. With the bank’s low-interest rate on loans couple with longer terms, home owners looking for credit can avail Rang-ay Pabahay Loan Program either for purchase of house and lot, construction or renovation of their existing house. mSME’s and agri-entrepreneurs can avail of Rang-ay Bank flexible mSME business loans.
