Earlier Gov. Joey Salceda said: Just finished 3 hour breakfast with LANDBANK President Gilda Pico (a good friend and colleague in the banking sector) and senior officers. Essentially: 1. Establishment of Landbank Easy Access Facility in Manito, Pioduran (both inside the provincial facility) and Jovellar, once we find a suitable location (at least 20 sqm). 2. Salary loan via text only. Province or LGU certifies borrowing capacity of employees as basis for programmed lending. Province/LGU certifies the email of individual borrower. Voila, just text ur need, no PNs and money will be credited to your Landbank account and payments will be debited. 3. With only P300m+ outstanding balance of the P700m loan, it is proposing to the province a credit line for tourism or agriculture. I said we might need P200m for our provincial tourism facilities in Mayon Rest House and Cagsawa. But, I told her since it is my last term, I am leaving the initiative and the decision to the Sangguniang Panlalawigan. They can present straight to VG Harold Ong Imperial and the members of the SANGGUNIANG PANLALAWIGAN NG ALBAY. 4. I told her to explore the booming tourism and agribusiness in Albay. In particular, I told her of financing opportunities for the massive relocation of contract farming with Albay now No. 1 in Luzon in terms of chicken production. Also, in terms of resort hotels, I told her to ask Martin Reynoso to borrow for their Best Western Hotel in Landco. Also, to restructure and assume the P720m account of Oriental from UCPB. 5. She acknowledged that Albay is definitely one of their best clients in terms of paying habits and borrowing discipline. Among provinces, certainly it is the best in Landbanks assessment. 6. Also, she followed up the proposal of LBP to establish a big branch in Daraga in the former site of BDO. For P70,000/month rental. It is awaiting SB approval for more than 1 year already.
Posted on: Thu, 13 Mar 2014 04:05:57 +0000
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