2020 PLANS AND PROGRAMS ACCOMPLISHMENT …

[Pages:79]2020 PLANS AND PROGRAMS ACCOMPLISHMENT REPORT FOR Q1

LANDBANK BOARD 30 APRIL 2020

SUMMARY: 2020 PLANS AND PROGRAMS ACCOMPLISHMENT REPORT FOR Q1

ADLS ? 1st Quarter Highlights

Targets were achieved in the following:

Speedy development and launching of two new lending programs, HEAL and i-RESCUE, and the rationalization of CARES Program in response to credit

requirements under the Bayanihan We Heal as One Act (RA 11469)

Yield on loans at 5.514% as of March 2020 Number of farmers and fishers assisted ? 1.202 M against 1.2M target for Q1 Loan releases under program tie-ups with DA ? P1.45B Deployment of AOs and AAs (368 Teams) to cover all 1,634 municipalities

Areas needing improvement:

o Reduction of past due to 1% o Loans to agriculture shortfall against the yearend target of P265B o Capability building of farmers and lending staff ? trainings with LCDFI; delays due

to ECQ

BBS ? 1st Quarter Highlights

Targets are on track in the following: Successfully distributed Social Amelioration proceeds of P16.34B to 3.7M CCT

beneficiaries in 3 days Branches remain open during ECQ; branch personnel "frontliners" bravely ensuring uninterrupted service to clients amidst the threat of possible virus exposure

Surpassed deposit targets ? P1.861T against target of P1.802T Cost of deposits was down to 0.856% resulting to better returns for the bank Q1 targets achieved in various process improvement initiatives (alternative channels

for loan disbursement, collection and e-banking transactions reconciliation)

Areas needing improvement:

o Establishment of touchpoints ? ATMs, CDMs, mobile ATMs and mobile branches due

to limitations caused by ECQ, among others.

o Establishments of new branches and agrihubs ? possible delay or rescheduling of

completion due to general suspension of construction activities

TIBS ? 1st Quarter Highlights

Targets are on track in the following: Dynamic liquidity management ? 100% funded with P1.263B income - (P873M-Due from Banks, P390-Interbank Loans)

Strategic Asset-Liability Management ? exceeded target ;P6.212B against P6.032B Ensured that the Bank's balance sheet is well managed. Net Stable Funding Ratio of

1.50% is more than the required 1.0% and Basel III Leverage Ratio of 5.84% is well above set early warning indicators of 5.25%.

LANDBANK among the top 10 banks in the primary issuance market Successful deployment of RTB Online Ordering Platform and used by retail investors

for RTB 23; MOA signed last 28 January 2020

Areas needing improvement:

o Positioning in the US/PHP spot market ? hampered by ECQ Initiatives; prior to March

15, market share was at 9.17% (target was 9%)

CSS ? 1st Quarter Highlights

Targets are on track in the following: Quick and timely establishment of policies and guidelines by the HRMG for the adoption of alternative work arrangements (skeletal workforce, work-from-home,

etc.) to ensure continued delivery of services. Ensuring the safety of Customers and Employees as well as minimize the transmission of the COVID-19 Virus through strict implementation of Risk Mitigating

Protocols Disinfection and cleaning of facilities at the Head Office and branches and organized dispatch of vehicles to transport skeletal work force by the FPSG

Strategic and intensified media presence and LBP Phone access upgrade LBP Plaza canteen renovation ? preliminary activities completed HRIS Enhancement ? presentation to ITCOM completed Regularization of 110 or 28% of the target 390 contractual personnel

CSS ? 1st Quarter Highlights

Targets are on track in the following:

Pusong Bayaning Landbanker awards recognition ? concept paper submitted Centralized Registry of all Titles under the name of LANDBANK ? submitted request to the Land Registration Authority

Initial assessment completed the creation of a web-based facility for Provident Fund Modules

Areas needing improvement:

o Delays in most construction, renovation and fit-out projects (presented to MANCOM

last 20 April 2020)

o Merchandising Assessment and Rollout for Lending Centers o Other renovation/upgrade projects at LBP Plaza o Competency Refresh ? scheduling of targets due to the ECQ o New PF Investment Product ? for take up in the Regular PF Board May 2020

OS ? 1st Quarter Highlights

Targets are on track in the following: Provided technical support during social amelioration distribution and other related

critical activities during ECQ Ensured uninterrupted service through service availability of ATMs and all e-banking channels

Extended connectivity support and access for work from home arrangements Major IT projects providing IT Solutions to support digital banking initiatives including enhancement of IT Systems of OF Bank exceeded or within Q1targets

Key Initiatives for Regulatory Compliance (Digitization of Bank Documents, ALARMS

and Phone Access Upgrade on schedule Upgrade of Core Banking Systems and IT Infrastructure- Q1 activities completed

Areas needing improvement:

o Initiatives to improve support to front-office operations o Consolidation, Centralization and Award Recognition of Accounting Centers/Field Units

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