State-run Land Bank of the Philippines has allotted over P153 million for the hiring of over 1,000 service contract workers now being deployed to several locations across the country to assist in the opening of transaction accounts for unbanked national ID registrants.
Bank president and chief executive Cecilia Borromeo said Friday facilitating the opening of bank accounts for registrants to the Philippine Identification System would help ensure the speedy and efficient delivery of future government assistance programs to unbanked national ID holders.
Under the setup, the service contract workers, who will augment LandBank’s existing manpower, would co-locate with the Philippine Statistics Authority in national ID registration centers not served by the bank’s agent banking partners, Borromeo said.
The PSA is the lead agency in the nationwide registration of PhilSys applicants.