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| DepEd Secretary Juan Edgardo “Sonny” M. Angara and Landbank President and CEO Lynette V. Ortiz officially partner to help repair and rehabilitate public schools in disaster-affected areas through the Adopt-A-School Program. (Contributed photo) |
by: Jerome Paunan
MANILA, (PIA) — In a move aimed at providing inclusive quality education, the Land Bank of the Philippines (Landbank) has announced a partnership with the Department of Education (DepEd) to improve public school infrastructure nationwide.
As part of its support for DepEd’s Adopt-A-School Program, Landbank will facilitate repairs and rehabilitation of facilities at 12 last-mile public schools located in disaster-affected provinces.
The bank has allocated P6 million for urgent repairs and renovations, including updates to classrooms, laboratories, and libraries, ensuring a safe learning environment for thousands of students.
The partnership was formalized in a Memorandum of Understanding (MOU) signed on September 11, 2024, at the DepEd Central Office. The signing was attended by DepEd Secretary Juan Edgardo “Sonny” M. Angara and Landbank President and CEO Lynette V. Ortiz, along with other officials from both organizations.
“Landbank is fully committed to the success of this initiative,” Ortiz said. “We are here to support DepEd in promoting accessible quality education and creating a future where every Filipino child can achieve their fullest potential.”
In addition to the P6 million funding, Landbank’s subsidiaries, the LBP Resources and Development Corporation (LBRDC) and the LBP Leasing and Finance Corporation (LLFC), will contribute an additional P1 million for the construction of select schools. This initiative is part of Landbank’s renewed corporate social responsibility efforts.
Secretary Angara emphasized the importance of community involvement in educational success. “The best countries to succeed in education are those able to galvanize communities. We cannot do this alone, but with our collective efforts, Landbank can help us make a dent in these deficits and shortages.”
The partnership will also include a volunteerism component, mobilizing Landbank employees to assist with repair efforts and conduct support activities for students and their communities.
Landbank’s involvement in the Adopt-A-School Program aligns with DepEd’s MATATAG Education Agenda, which aims to increase access to quality education and improve educational facilities across the nation.
As the largest development financial institution in the Philippines, Landbank is dedicated to promoting financial inclusion, digital transformation, and sustainable development. With a presence in all 82 provinces, the bank strives to deliver accessible financial solutions that empower Filipinos nationwide. (JCO/PIA-NCR)
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