BSP Cites LANDBANK as ‘Outstanding CSF Lender’ and ‘Digital Trailblazer’
Bangko Sentral ng Pilipinas (BSP) Governor and Monetary Board Chairman Benjamin E. Diokno (right) presents to Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo (3rd from left) the award for “Outstanding Credit Surety Fund (CSF) Lending Bank” during the 16th Awards Ceremony and Appreciation Lunch for BSP Stakeholders last July 10, 2019 at the BSP Complex in Manila. LANDBANK was also cited as “Digital Trailblazer in Financial Services.” Joining them are Monetary Board Member V. Bruce J. Tolentino (left) and LANDBANK Strategic Planning Group Head FVP Elcid C. Pangilinan.
With the theme “One Team One Goal: Resilient Partnership Towards Inclusive Economic Growth,” the BSP Awards recognized its outstanding partners that have supported its various initiatives and advocacy programs in 2018. The BSP-initiated CSF Program is a credit enhancement scheme to improve the bankability and credit worthiness of microenterprises and SMEs, including cooperatives, which often face difficulty in obtaining loans from banks due to lack of collaterals, credit knowledge, and credit records.