RENEWING OF PARTNERSHIP WITH LANDBANK

Rang-ay Bank and the Landbank of the Philippines strengthened their many years of partnership with the renewal signing of a Rediscounting Line Agreement at the Rang-ay Bank’s Head Office in San Fernando, La Union last September 18, 2020.

Bank represented by President & CEO Ives Jesus Nisce II, Vice President for Credit and Remedial Management Nina Francisca T. Palabay, Corporate Secretary Melanie Delos Santos, and Credit Management Officer Kaye Ann Culbengan renewed its Rediscounting Line Agreement with Landbank represented by Department Manager Jesus E. Allegre and Account Officer Janyfi C. Cisnero of La Union Ilocos Lending Center (LUILC).

Rang-ay Bank finances Agri-Businesses such as rice-millers, vegetable haulers, contract growers, warehousers, agri-suppliers and bamboo growers all over the region. The bank provides collateral-free farmers loan to small-scale cultivators, farmers, tenants or lease holders that covers backyard or cottage poultry projects and livestock raisers. With the funds made available by Landbank, the bank is able to provide additional capital for agricultural projects such as livestock and fishery projects, planting of rice, corn and vegetables and other food crops raisers. With the bank’s low interest rate on loans coupled with flexible terms, home owners looking for credit can likewise avail of Pabahay Loan Program either for purchase of house and lot, construction or renovation of their existing houses.