The Land Bank of the Philippines (LANDBANK) is a government financial institution that strikes a balance in fulfilling its social mandate of promoting countryside development while remaining financially viable.
This dual function makes LANDBANK unique. The profits derived from its commercial banking operations are used to finance the Bank’s developmental programs and initiatives.
Over the years, LANDBANK has successfully managed this tough balancing act as evidenced by the continued expansion of its loan portfolio in favor of its priority sectors:
- Mandated Sector – covering small farmers and fishers, agrarian reform beneficiaries (ARBs) and their associations;
- Support for Agriculture and Fisheries – including agri-business, aqua-business and agri-aqua-related projects of Local Government Units (LGUs) and Government-Owned and -Controlled Corporations (GOCCs); and
- Support for National Government Priority Programs (including Public-Private Partnership projects) – including micro, small and medium enterprises (MSMEs), communications, transportation, housing (socialized, low-cost, and medium-cost), education, health care, environment-related projects (including clean and renewable energy), tourism and utilities.
Today, LANDBANK is by far the largest formal credit institution in the rural areas. Its credit delivery system is able to penetrate a substantial percentage of the country’s total number of municipalities. LANDBANK also ranks among the top five commercial banks in the country in terms of deposits, assets, loans and capital. LANDBANK’s physical network, comprised of branches and other field units (lending centers, extension offices, accounting centers, development assistance centers and agrarian accounting offices), spans the country’s 80 provinces.
Membership Type: Regular
Contact: Trunklines: 551-2200; 522-0000; 450-7001
Website: Land Bank of the Philippines