Davao: State-run Land Bank of the Philippines (LandBank) has announced its provision of PHP3.2 million in financial assistance and PHP3.1 million worth of relief packs to support families affected by recent earthquakes in Davao Oriental and Cebu.
According to Philippines News Agency, Finance Secretary and LandBank Chairman Ralph Recto, along with President and CEO Lynette Ortiz, spearheaded the relief operations in these regions, ensuring timely support reached the affected communities. In Davao Oriental, the bank handed over PHP500,000 to the provincial government, and PHP200,000 each to the City of Mati and Municipality of Manay. Additionally, LandBank distributed 1,000 grocery packs to displaced families, partly funded by voluntary donations from bank employees.
In Cebu, LandBank extended PHP2.3 million in financial aid to 11 municipalities. The municipalities of Medellin, San Remigio, and Daanbantayan each received PHP500,000, while Tabogon, Tabuelan, Sogod, Borbon, Catmon, Bantayan, Sta. Fe, and Madridejos were granted PHP100,000 each. Furthermore, a total of 2,600 relief packs containing essential items, also partly funded by employee contributions, were distributed to the local Municipal Social Welfare and Development Offices of these municipalities and Bogo City.
This initiative follows previous relief efforts by LandBank in Cebu and Masbate, where the bank provided PHP4.9 million in financial assistance, distributed food packs, and deployed portable filtration systems in partnership with Waves for Water. These efforts were further supported by the personal initiatives and volunteer activities of LandBank employees, demonstrating the bank's commitment to assisting affected families.
LandBank President Ortiz emphasized the bank's dedication to providing timely assistance during crises, stating, 'LandBank remains steadfast in providing timely assistance to our fellow Filipinos during times of crisis. Beyond immediate relief, we are equally focused on supporting the long-term recovery and rebuilding of affected communities.'
