State-run Land Bank of the Philippines is planning to open 12 new branches and 20 new LANDBANK Easy Access Facility (LEAF) in the country in 2015.
The expansion will add to the number of its branches nationwide bringing it to a total of 363 by the end of 2015, as part of its drive toward greater financial inclusion.
The bank’s new LEAFs will be addition to its six existing facilities opened in 2014 in Sulop, Davao del Sur, Pitogo, Argao, Moncada, Pamplona and Caba.
LEAFs will function as a banking offices that will allow clients to conduct non-transactional banking activities like ATM withdrawals, self-service cash deposits, submission of loan applications and requirements for opening accounts, and inquiries about loans, savings, and other products and services.
LANDBANK President and CEO Gilda E. Pico said: "Our goal is to penetrate and bring financial services to areas with limited or no access. This is why we continue to look for ways to provide innovative channels and provide banking services to areas where we have no branches and there are no deposit-taking conduits."