LANDBANK joins the Eurogiro Community
Please welcome the Land Bank of the Philippines (LANDBANK) as a member in the Eurogiro community, and an expansion of the Eurogiro payment gateway into the country of the Philippines.
LANDBANK is a 100% government-owned financial institution, and is the largest government bank by asset size in the Philippines. With its social mandate of spurring countryside development in the Philippines, LANDBANK has the most extensive distribution reach into 80 of the 81 provinces in the country, serving its customers through its 342 branches, extension offices, tellering booths, forex and servicing units. It also has more than 800 ATMs strategically located across the country. The Bank’s operations are regulated by Bangko Sentral ng Pilipinas.
The World Bank reported that the Philippines received US$16.4 billion in 2008, and is the 4th largest country recipient of inbound remittances in the world. Remittance inflows are a major driver of growth and consumption in the Philippine economy, representing about 10 percent of the country’s GDP.
LANDBANK’s aim in joining Eurogiro is to provide a more extensive reach to the millions of Overseas Filipinos who seek a safe, reliable and low-cost means to send money home. In a recent press statement, LANDBANK President & CEO Gilda E. Pico said, “LANDBANK is geared towards further enhancing our programs for OFWs. We are committed to serve and respond to the banking needs of our kababayans (countrymen) all over the world, as well as their families in the Philippines”. LANDBANK’s membership with the Eurogiro community is a step towards this direction.
For more information on connecting with LANDBANK via the Eurogiro network, please contact Ms Carol Olfindo at [email protected]