Landbank’s builder’s program was recently awarded “Best SME Product” at the Asian Banker’s Philippine Country Awards 2016. The Builder’s program provides business loans to SMEs in the local construction market. It forms part of the Bank’s contribution to the Public-Private Partnership (PPP) projects of the national government by extending credit support to private and public sector players in the industry. As of June 2016, the program generated roughly one-third or 29% of the outstanding revenue of the Bank’s SME business with loan releases amounting to P19.6 billion lent to 230 contractors. This helped fund various projects, including farm-to-market roads and bridges, telecommunications infrastructure, residential units, commercial buildings, sanitary landfills, water and sewerage systems, sea walls, among other development projects. At the awarding were Landbank officer-in-Charge Cecilia C. Borromeo; Asian Banker managing director Foo Boon Ping, Landbank executive vice president Julio D. Climaco, Jr.; Landbank senior vice president Edward John T. Reyes; Startupbootcamp FinTech co-founder and Global COO Markus Gnirck; and FinFabrik CEO Alex Medana.
