On November 21, 2022, a groundbreaking ceremony was held for the construction of the new Land Bank of the Philippines (LBP) branch located on the Diliman campus of the University of the Philippines.
Notable attendees for this event included UP President Danilo L. Concepcion and LBP Executive Vice President and Head of the Branch Banking Sector Liduvino S. Geron, representing LBP President and CEO Cecilia C. Borromeo. The Landbank UP Diliman Branch Department Manager, Malaine P. Baui, hosted the event.
During his short speech, Concepcion emphasized the importance of LBP as one of the only few banks that provide for people working under government agencies, as well as the importance of the banking agency to the University’s community. The new branch construction in the Diliman campus, he said, will not only be more accessible to people, but it will also be the biggest LBP branch, complete with its parking lot.
As “UP is an agency of the government as well,” Concepcion said that UP would be used as a template and an example for other government agencies to help one another. “The long journey begins with a step, and this is a step towards this long journey,” he finished.
Geron thanked UP for hosting the new LBP location and expressed his hope that this new strategic place would contribute to improving the economic activities within the area. He emphasized that the collaboration between Land Bank and UP aims to better serve the public, including students, faculties, and even those who reside outside the university.
Geron mentioned LBP’s new services, such as installing QR codes and contactless cards to help the community make payments and even transfer funds to their accounts through their cards or phones. The services would remove the need for LBP’s clients to bring cash and reduce the long lines for transactions. He concluded by thanking UP for their longtime partnership, adding that the new branch will be open for business in less than a year.
All attendees took part in the time capsule burial, which concluded the groundbreaking event.