Cebu: The Land Bank of the Philippines (LBP) announced that its services have resumed in Cebu and Masbate, along with the distribution of monetary aid to sectors affected by Severe Tropical Storm Opong (international name Bualoi) and the magnitude 6.9 earthquake.

According to Philippines News Agency, LANDBANK President and Chief Executive Officer Lynette Ortiz emphasized that these efforts are aimed at supporting recovery in the impacted areas. Ortiz stated, "LANDBANK stands ready to deliver both immediate and sustained financial lifelines to our fellow Filipinos in Cebu and Masbate." The bank's emergency support programs ensure that all affected sectors, including farmers, fishers, MSMEs (micro, small, and medium enterprises), and wage earners, have the necessary resources to recover and rebuild.

Currently, the only branch that remains closed is the branch-lite unit in Aroroy, Masbate, which has been affected by a power outage. In terms of financial assistance, LANDBANK has mobilized approximately PHP4.9 million in aid for the affected areas. This aid includes allocations of PHP2 million for Cebu, PHP1.5 million for Bogo City, PHP500,000 for Masbate, PHP200,000 for Masbate City, and PHP100,000 each for the municipalities of Uson, Dimasalang, Cawayan, Cataingan, Mandaon, Milagros, and Palanas in Masbate.

Furthermore, the bank offers several financial support programs for its account holders. These include the Communities Assistance and Reintegration Support Plus lending program for MSMEs, cooperatives, and utilities; the Electronic Salary Loan for payroll account holders; EasyCash for Emergencies; the Pension and Emergency Relief Loan, with loanable amounts ranging from PHP20,000 to PHP30,000; and Emergency Loans of up to PHP25,000 for government employees.