Construction is already underway for the second branch of the official depository bank of the Republic of the Philippines, Land Bank of the Philippines. The new branch shall be located at the Regional Government Center, Carig Sur, Tuguegarao City, beside the regional office of the Department of Environment and Natural Resources and in front of the Agricultural Laboratory by the Department of Agriculture Region 02 (which will be the largest of its kind in the country after its completion). The first branch of Land Bank of the Philippines is located at San Gabriel, Tuguegarao City.
Land Bank of the Philippines is currently one of the top five commercial banking institutions in the country in terms of deposits, assets, loans and capital. In addition, it is the largest formal credit institution in the rural areas.
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