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Land Bank of the Philippines
LandBank Plaza at 1598 M. H. Del Pilar Street in Manila
Company type
State-owned
Industry
Finance and insurance
Founded
August 8, 1963; 60 years ago (1963-08-08)
Headquarters
Malate, Manila, Philippines
Key people
Finance Sec. Ralph G. Recto (Chairman)
Ma. Lynette V. Ortiz (President and CEO)
Ludivino S. Geron (EVP - Branch Banking Sector)
Alex A. Lorales (EVP - Corporate Services Sector)
Products
Financial services
Revenue
₱77.09 billion (2019)[1]
Net income
₱19.05 billion (2019)[1]
Total assets
₱2.04 trillion (2019)[1]
Number of employees
10,037 (2019)
Website
www.landbank.com
Land Bank of the Philippines (LBP; often referred to simply as LandBank), is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank, it is officially classified as a "specialized government bank" with a universal banking license.
LandBank is the second largest bank in the Philippines in terms of assets and is the largest government-owned bank. It is also one of the biggest government-owned and controlled corporations and banking institutions in the Philippines along with the Development Bank of the Philippines (DBP), Overseas Filipino Bank (OFW Bank), and Al-Amanah Islamic Investment Bank of the Philippines.
Unlike most Philippine banks, LandBank has an extensive rural branch network with 409 Branches and Extension Offices, 46 Lending Centers and 2,188 ATMs (as of February 2020).[2] It services many rural sector clients in areas where banking is either limited to rural banks or is non-existent.
^ abc"Land Bank Annual Report" (PDF) (Press release). Retrieved February 2, 2021.
^"Corporate Profile". LANDBANK Website.
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