LandBank backs Army co-op with P10-b credit line

Land Bank of the Philippines president and chief executive Lynette Ortiz and Philippine Army Finance Center Producers Integrated Cooperative chairman Francisco Paredes , along with LandBank executive vice president Ma. Celeste Burgos and PAFCPIC president Fernando Zabat formalizes the P10-billion rediscounting line to support the PAFCPIC and its members serving in the Armed Forces of the Philippines .

PAFCPIC’s membership consists of active and retired military and civilian personnel from the Philippine Army, Philippine Navy and Philippine Air Force as well as their immediate dependents. LandBank also pledged to support PAFCPIC’s digitalization efforts by onboarding the cooperative to the bank’s web-based payment platform, Link.BizPortal, which will streamline the collection of payments for its members’ capital contributions, deposits, and loans, thereby enhancing their operational efficiency.

LandBank conferred PAFCPIC with the Distinguished Initiators and Movers of National Development Award last year for the co-op’s contributions to promoting countryside and national development.

Source: Loan Digest (loandigest.net)

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