State-owned Land Bank of the Philippines (Land Bank) has allocated P20.9 million worth of financial support for the quick recovery of 195 local government units from the onslaught of Typhoon Odette.
Of the amount, the Bank has set aside P200,000 each for affected provinces, and P150,000 and P100,000 each for cities and municipalities, respectively.
“Land Bank 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 Land Bank President and Chief Executive Officer Cecilia C. Borromeo.
Among the LGUs who have already received Land Bank’s financial assistance are 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; Tubigon in Bohol; Jordan in Guimaras; Hinoba-an in Negros Occidental; Bataraza, Brooke’s Point, and Coron in Palawan; and Claver and Gigaquit in Surigao del Norte.
On top of its financial donation to LGUs, Land Bank has also reactivated its 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 Land Bank branches and automated teller machines 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. – Press release
April 26, 2024
