LANDBANK boosts energy services through PHP 155 billion financing, digital payments for PSALM
STRENGTHENED SUPPORT FOR PHILIPPINE ENERGY SECTOR. LANDBANK President and CEO Lynette V. Ortiz (center-right) and PSALM President and CEO Dennis Edward A. Dela Serna (center-left) seal a strategic partnership through a PHP 155 billion Bilateral Term Loan Facility and PSALM’s onboarding to LANDBANK’s Link.BizPortal, reinforcing support for a more resilient and efficient energy sector. Joining the signing ceremony as witnesses are National Treasurer Sharon P. Almanza (second from left), Department of Finance Undersecretary Maria Angela E. Ignacio (rightmost), LANDBANK Executive Vice Presidents Charlotte I. Conde (third from right) and Marilou L. Villafranca (second from right), LANDBANK Senior Vice President Gonzalo Benjamin A. Bongolan (leftmost), and PSALM Finance Group Vice President Manuel Marcos M. Villalon II (third from left).
LANDBANK is strengthening support for a reliable and resilient power sector through a PHP 155 billion Bilateral Term Loan Facility and the onboarding of the Power Sector Assets and Liabilities Management Corporation (PSALM) to its Link.BizPortal digital payment platform.
As sole lender and arranger, LANDBANK’s new facility provides PSALM with greater financial flexibility to sustain critical energy obligations. Concurrently, Link.BizPortal offers a secure online channel for electric cooperatives, power companies, and other authorized payors to conveniently settle Universal Charges — streamlining nationwide collections while enhancing operational efficiency, transparency, and accountability.
The latest collaboration builds on LANDBANK’s nearly two decades of partnership with PSALM in advancing the country’s power sector reform program. In recent years, the bank has provided significant financial backing, including syndicated term loans amounting to PHP 110 billion in 2024 and PHP 100 billion in 2025.
LANDBANK President and CEO Lynette V. Ortiz and PSALM President and CEO Dennis Edward A. Dela Serna led the ceremonial signing of the loan agreement and digital onboarding on Aug. 4, 2026, at LANDBANK Plaza in Manila, joined by National Treasurer Sharon P. Almanza, Department of Finance (DOF) Undersecretary Maria Angela E. Ignacio, LANDBANK Executive Vice Presidents Charlotte I. Conde and Marilou L. Villafranca, LANDBANK Senior Vice President Gonzalo Benjamin A. Bongolan, and PSALM Finance Group Vice President Manuel Marcos M. Villalon II as witnesses.
“At LANDBANK, we believe modernization must deliver real results for the public. Through this Agreement, we are strengthening the financial and digital foundations that support a reliable and sustainable energy sector,” said LANDBANK President and CEO Ortiz.
“LANDBANK has always been with PSALM since the very beginning. We are grateful for their commitment and continued collaboration and we look forward to creating more opportunities to work together in the years ahead,” said PSALM President and CEO Dela Serna.
Through responsive financing and digital banking solutions, LANDBANK remains committed to helping government institutions operate more efficiently and advance inclusive and sustainable national development.
Comments (0)
LEAVE A REPLY
No comments yet
Be the first to share your thoughts!
Related Articles
Food prices continue to drive Guimaras’ low-income households’ inflation in July 2026
GUIMARAS — The inflation rate for the bottom 30% income households in Guimaras remained at 5.7% in July 2026, unchanged from June, according to the latest data from the Philippine Statistics Authority. The July rate was significantly higher than the negative 1.4% recorded in July 2025, according to PSA data. “While the overall inflation rate
Are pop-ups really worth it for startups?
Almost every weekend, there seems to be another pop-up happening somewhere in Iloilo. Malls, hotels, weekend markets, government trade fairs, and independently organized events are filled with tables carrying homegrown products. People come, photos are taken, purchases are made, and social media once again reminds us to “support local.” I actually
DoubleDragon revenue jumps 23% as core income surges
MANILA — DoubleDragon Corp. posted consolidated revenues of PHP 8.55 billion in the first six months of 2026, up 23.0% from a year earlier, as stronger operating income from its property, retail, warehouse, and hospitality businesses accelerated the company’s shift toward recurring revenues. Core revenues climbed 70.2% year on year, while core net income rose