The Social Security System awarded Land Bank of the Philippines as the Best Paying Commercial Bank for achieving the largest amount of benefits disbursed to members and pensioners and for actively participating in SSS thru-the-bank payment programs at the Balikatng Bayan Awards, a press release said.
As a valuable partner of SSS, LBP serves more than 200,000 SSS pensioners and handles about 1,300 employer accounts, it implemented the thru-the-bank payment programs thatwerepart of the SSS 59th anniversary program, it said.
The LBP,mandated to promote countryside development, started out as the government's financing arm for agrarian reform and the bank gradually expanded its operations to become a full-service commercial bank.
SSS President and Chief Executive Officer Emilio de Quiros Jr. and Finance Secretary and Guest-of-Honor Carlos Dominguez III awarded the plaque of recognition to LBP First Vice President and Group Head of National Capital Region North Branches Group Leila Martin recently at the Ramon Magsaysay Hall of the SSS main office in Diliman, Quezon City, it said.
Present were SSS Senior Vice President for Account Management Group and Balikatng Bayan Awards Committee Chairperson Judy Frances See, Social Security Commission Chairman Juan Santos, SSS Assistant Vice President for Retirement, Death and Funeral Benefits Administration Department head Normita Doctor and vice president for Treasury Division Guillermo Urbano Jr., the press release added.*
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