The Land Bank of the Philippines (LANDBANK) has launched an enticing new promo designed to reward its depositors with the chance to win up to P1 million in cash and a variety of high-end gadgets.
This innovative initiative, called the LANDBANK “IpoNalo Raffle Promo,” encourages customers to grow their savings with the bank, with the promotion running from July 3, 2024, to January 31, 2025.
By increasing their deposits during this period, customers can earn e-raffle tickets to enter the draw for major cash prizes.
The grand prize winner will receive a whopping P1 million, while the second and third-prize winners will take home P500,000 and P250,000 respectively. Additionally, 36 minor prize winners will receive coveted gadgets, including iPhones, iPads, and MacBook Airs.
The campaign is part of LANDBANK’s commitment to fostering responsible financial habits among its clients and helping them achieve their financial goals more swiftly.
LANDBANK’s Way of Saying Thank You
“Through IpoNalo, we aim to help our clients build their savings through a broad range of secure and reliable deposit options, and possibly win prizes in the process. This is also our way of expressing our gratitude to our clients for their continued trust and loyalty,” said LANDBANK President and CEO Lynette V. Ortiz in a press release.
IMAGE CREDIT: https://www.landbank.com/news/
The promo is open to both new and existing LANDBANK account holders across various account types, including regular passbook and ATM savings accounts, dollar savings accounts, current accounts, Easy Savings Plus (ESP), OptiSaver Accounts, Green Growth Accounts, High Yield Savings Accounts (HYSA), and peso or dollar time deposit accounts.
Individual depositors will earn one e-raffle ticket for every incremental average daily balance (ADB) of P100,000. Private institutional depositors will earn one e-raffle ticket for every incremental ADB of P1,000,000.
To remain eligible for the e-raffle draw on February 14, 2025, participants must maintain their ADB until the end of the promo period on January 31, 2025.
The funds raised from this promo campaign will support LANDBANK’s developmental programs and initiatives, benefiting its mandated and priority economic sectors.
For complete details and mechanics of the LANDBANK IpoNalo promo, visit the official LANDBANK website and social media channels, contact the nearest LANDBANK branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or PLDT Domestic Toll Free 1-800-10-405-7000.
About LANDBANK
LANDBANK is the largest development financial institution in the Philippines, dedicated to promoting financial inclusion and digital transformation to drive national development. With a presence in all 82 provinces, the Bank is committed to providing accessible and responsive services to empower Filipinos towards a future of inclusive and sustainable development, from the countryside to the country.
In 2023, LANDBANK scored a historic net income of P40.3 billion in 2023 and a year-end capital of P266.8 billion. It also delivered a record-breaking cash dividend of P32.119 billion to the national government, marking its highest-ever contribution and showcasing its robust financial stance.
LANDBANK also sustained this momentum in the first quarter of 2024 with a strong profit growth of P12 billion, driven by increased interest income from loans. Surpassing its target by 6%, the bank’s net income rose 11 per cent compared to the previous year, reaching P10.8 billion.
Total assets expanded by 5 per cent to P3.3 trillion, fueled by robust loan growth, while deposits grew by 4% to P2.9 trillion.
LANDBANK’s gross loan portfolio soared to P1.5 trillion, a 25 per cent increase attributed to substantial investments in treasury, commercial loans, and key sectors like agribusiness, energy, housing, and infrastructure.
Notably, LANDBANK secured the highest corporate governance rating among GOCCs in 2022, earning a score of 102.5 from the Governance Commission of GOCCs (GCG), underscoring its commitment to integrity, transparency, and accountability.