The Land Bank of the Philippines 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: the small farmers and fishers, a good part of which are agrarian reform beneficiaries; micro and SMEs; agri- and aqua-projects of local government units and government-owned and controlled corporations; communications, transportation, housing, education, health care, environment-related projects, tourism, and utilities. LANDBANK is by far the largest formal credit institution in the rural areas. It also ranks among the top five commercial banks in the country in terms of deposits, assets and loans.
LANDBANK Countryside Development Foundation Inc.
{Last update: 24 April 2023] The LANDBANK Countryside Development Foundation, Inc. (LCDFI) is a non-stock, non-profit corporate foundation of Land Bank of the Philippines (LANDBANK), established in March 1983.
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LBP Insurance Brokerage, Inc.
{Last update: 24 April 2023] LBP Insurance Brokerage, Inc. (LIBI) was organized as a wholly-owned subsidiary of the Land Bank of the Philippines on October 22, 1981. LIBI was primarily established to service the bank's insurance requirements, its subsidiaries, its clients/borrowers and other government offices.
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LBP Leasing and Finance Corporation
[Last update: 24 April 2023] LBP LEASING AND FINANCE CORPORATION (LLFC, formerly LBP Leasing Corporation), a wholly owned subsidiary of Land Bank of the Philippines (LANDBANK) was established under the Corporation Code of the Philippines on March 17, 1983 to complement the product lines being offered by the Bank. LLFC's leasing facilities make it easier for enterprises to expand, upgrade, or modernize their operations. Among others, leasing enables enterprises to: - Match financing terms with the earning potential of the capital asset. - Preserve working capital and credit lines. - Address existing or current budget limitation; and - Obtain financing with no collateral
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LBP Resources and Development Corporation
[Last update: 24 April 2023] LBP Resources and Development Corporation (LBRDC) is a wholly owned and controlled subsidiary of Land Bank of the Philippines presently engaged in construction, project management, brokering services, and real estate management and development. Then, the LBP Realty Development Corporation (LBRDC) was created in 1975 to serve as an investment diversification for landowners whose properties have been covered by the agrarian reform law, in the form of real estate development and construction. Its major projects since then were: 1) a joint venture with landowners in the development and construction of the Palacio del Gobernador in Malate, Manila, 2) the development of Lumang Bayan Executive Village in Antipolo, 3) the construction of the 4-storey commercial LBRDC Building in Naga City, 4) LB One Condominium in Singalong, Manila, and 5) Grand Garden Villas Subdivision in Dasmariñas, Cavite. LBRDC has expanded its business lines and now offers various facilities maintenance and manpower services such as janitorial and air conditioning unit maintenance.
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Overseas Filipino Bank
[Last update: 24 April 2023] Pursuant to Executive Order No. 44 signed by President Rodrigo R. Duterte in September 2017, PPSB became a wholly-owned and fully controlled subsidiary of LANDBANK and was converted into OFBank to cater to the banking needs of migrant workers worldwide.
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