State-run Land Bank of the Philippines said Tuesday it facilitated 39.14 million transactions amounting to P567.61 billion from its major digital banking channels in the first three months, up 36 percent and 22 percent year-on-year growth in volume of transactions and value, respectively.
LankBank president and chief executive Cecilia Borromeo said in a statement the bank’s digital transformation was geared towards providing accessible financial services to meet the growing needs of customers.
“We are also driven towards greater digital adoption to advance financial inclusion in the country, in line with our expanded mandate of serving the nation,” Borromeo said.
She said the demand for LandBank’s digital services continued to rise as more customers shifted to using more convenient, reliable and safe digital banking solutions, especially in the new normal.
The LandBank Mobile Banking App recorded 29.75 million transactions worth P47.18 billion in the first quarter, up by 37 percent in volume and 46 percent in value, year-on-year.