Landbank to open 19 more branches nationwide
The focus now is in Mindanao.
The Land Bank of the Philippines revealed grand expansion plans for 2018, which include opening a total of 20 branches.
The state-owned lender started by opening a branch in Samal City, Davao del Norte last March, with 19 new outlets in the pipeline.
The focus is on expanding their footprint in low-income towns and unserved markets, LANDBANK said in a statement.
“A number of selected locations for our new branches belong to 4th to 6th class municipalities, the same areas we targeted in our financial inclusion caravan. This is still in line with our fervent drive to promote greater financial inclusion, especially among Filipinos in the unbanked and underserved rural areas,” bank President and CEO Alex Buenaventura said.
LANDBANK plans to open seven new branches in Luzon, two in the Visayas, and 10 in Mindanao. Currently, the bank runs 380 branches all over the country.