LandBank reports 'system intermittence' in digital banking channels

State-run Land Bank of the Philippines (LandBank) on Wednesday reported a “system intermittence” in its mobile banking application and other digital banking channels.

“We are currently encountering some system intermittence, which may affect the LandBank mobile banking app (MBA) and other digital banking channels,” LandBank's advisory read.

However, customers can still use or withdraw at LandBank and 7-Eleven automated teller machines (ATMs) or Bancnet-member ATMs, LandBank said.

“We apologize for this temporary inconvenience… Rest assured that we are working on restoring your access at the soonest possible time. Thank you for your patience,” it added.

LandBank is mandated to promote rural development while remaining financially viable. It implements the comprehensive agrarian reform program (CARP), provides assistance to small farmers and fisherfolk, and serves as an official depository of government funds.

The bank ended 2023 as the country’s second-largest lender with P3.270 trillion worth of assets, following BDO Unibank Inc. with P4.283 trillion. —Jon Viktor Cabuenas/VBL, GMA Integrated News