State-owned Land Bank of the Philippines (LANDBANK) has allocated P20.9 million-worth of financial support for the quick recovery of 195 local government units (LGUs) from the onslaught of typhoon Odette.
Of the P20.9 million financial aid, the Bank has set aside P200,000 each for affected provinces, as well as P150,000 and P100,000 each for cities and municipalities, respectively.
“LANDBANK is exerting all efforts to extend immediate assistance to communities significantly affected by Typhoon Odette. Apart from ensuring cash availability and accessibility in these areas, we are also contributing to ramp-up relief and recovery interventions through our LGU partners,” said LANDBANK President and CEO Cecilia C. Borromeo.
Among the LGUs who have already received LANDBANK’s financial assistance include the Province of Southern Leyte; City of Maasin and Municipalities of Malitbog and Padre Burgos in Southern Leyte; and the Municipalities of Hilongos and Matalom in Leyte.
Donations have also been turned over to the City of Mandaue in Cebu; City of Bais in Negros Oriental; Municipality of Tubigon in Bohol; Municipality of Jordan in Guimaras; Municipality of Hinoba-an in Negros Occidental; Municipalities of Bataraza, Brooke’s Point and Coron in Palawan; and the Municipalities of Claver and Gigaquit in Surigao del Norte.
On top of its financial donation to LGUs, LANDBANK has also re-activated its LANDBANK AMBAG System (Alternative Mechanism of Benevolent Assistance for the Greater good), which is a cash donation campaign for the Bank’s employees and communities significantly affected by typhoon Odette.
Majority of LANDBANK branches and automated teller machines (ATMs) remain available to service the urgent banking needs of customers from affected areas. The Bank has also been working full-time to restore the availability of all its touchpoints affected by the typhoon at the soonest possible time.