As it celebrates its 60th anniversary this year, the Land Bank of the Philippines (LANDBANK) has adopted new Vision and Mission statements to better reflect the Bank’s commitment to fulfilling its expanded mandate of serving the nation for the next six years.
“LANDBANK is driven this year to take on a more prominent role at the forefront of nation-building. Leveraging on innovation, digitalization, and strategic partnerships, we are geared towards the enhanced delivery of accessible, responsive, and meaningful service to our diverse clientele,” said LANDBANK President and CEO Cecilia Cayosa Borromeo.
LANDBANK envisions that by 2028, it “shall be at the forefront in nation-building through the promotion of financial inclusion, digital transformation, and sustainable development that benefits all Filipinos,” as the Bank aims “to provide responsive services beyond banking to all clients, publics and stakeholders.”
The Bank is likewise focused on its mission to be “the leading universal bank with a government mandate that provides responsive services beyond banking to all clients, publics and stakeholders.”
LANDBANK unveiled its new institutional Vision and Mission statements to the public on 14 February 2023, alongside the inauguration of the LANDBANK Leadership and Development Center in Intramuros, Manila, together with the launch of the Bank’s “Iskolar ng LANDBANK” scholarship program.
In support of the National Government’s programs on digital collections and disbursements, LANDBANK is targeting to onboard more local government units as merchants in eGov Pay and the Link.BizPortal, among its other digital channels.
This includes growing the number of government and private merchants in the LANDBANK Link.BizPortal to over 1,600 merchants by end-2023.
LANDBANK is also looking to grow its digital transactions by 60% in terms of both volume and value, driven by an aggressive expansion of its retail customer base.
LANDBANK is also set to establish touchpoints in all 1,634 local government units (LGUs) nationwide, further solidifying its position as the biggest development partner for local and countryside development.
The Bank’s network expansion will culminate in 2024 with the establishment of a LANDBANK touchpoint in every municipality in the country in the form of physical branches, Automated Teller Machines (ATMs), Agent Banking Partners (ABPs), Cash Deposit Machines (CDMs), or Point-of-Sale (POS) facilities.
As the biggest lender to the agriculture sector, LANDBANK targets to increase the number of small farmers and fishers it has cumulatively assisted to 3.6 million in 2023, among other key players in the agri-business value chain.
The state-run Bank is also determined to increase its net income by at least 16% to P35 billion, by optimizing resources, maximizing yields from earning assets, generating return from non-earning assets, and expanding trust banking and Bancassurance business.
LANDBANK recorded a net income of P30.1 billion in 2022—the first time the Bank breached the P30 billion mark—for a robust 38.2% expansion from P21.7 billion in 2021.
Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development.
Kaagapay mo sa buhay: LANDBANK calls on public to invest in RTB-30 to boost savings
State-run Land Bank of the Philippines (LANDBANK) is inviting Filipinos to participate in the Bureau of the Treasury’s (BTr) latest retail treasury bonds offering to save more of their money, while also helping the National Government to raise funds for the country’s development projects. Interested investors may purchase the BTr’s Retail Treasury Bonds Tranche 30 (RTB-30) with a minimum investment of P5,000.00, offering an annual fixed interest rate of 6.25% within a five-year term. The proceeds from the issuance will be channeled towards enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities. “The BTr’s RTB-30 not only offers investors higher financial returns but also the opportunity to take part in nation-building. Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK serves as one of the Joint Lead Issue Managers of RTB-30, which has the theme,“Kaagapay Mo Sa Buhay.” The offer period will end on 23 February 2024 or earlier as determined by the BTr, and the issue date is scheduled on 28 February 2024. Interest payments will be paid quarterly during the term of the bond. More accessible than ever Investing in BTr’s RTB-30 has been made more convenient and easier for interested investors in the country and abroad through LANDBANK’s various investment channels. LANDBANK account holders can make online placements for RTB-30 in as fast as five minutes through the LANDBANK Mobile Banking App. This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK—allowing Filipinos from 130 countries to conveniently invest in the bond offer. Interested investors can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may also exchange and reinvest their bond holdings for the latest bond offer via over-the-counter transactions. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to supporting the National Government’s fundraising initiatives to boost public resources for the country’s development plans and programs.LEARN MORE
LANDBANK unveils time deposit supporting social, sustainable projects
The Land Bank of the Philippines (LANDBANK) is offering a new sustainable time deposit product that channels funding support for social and environmental initiatives, while providing customers a secure avenue for financial returns. The LANDBANK GreenGrowth Deposit features tiered interest rates as high as 4.25% per annum and is made available to individuals and private institutions. Deposited funds under GreenGrowth Deposit will further boost LANDBANK’s thrust of sustainable financing, focusing on renewable energy projects, green technologies, and other eco-friendly initiatives and investments. The funds will be also allocated for community-centric programs aimed at enhancing social welfare. “The LANDBANK GreenGrowth Deposit reflects our dedication to creating a greener and more sustainable future, while encouraging customers to be part of this transformative journey. Open an account now where each peso deposited contributes to creating ripples of meaningful change,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s new time deposit product features a fixed one-year term, with a minimum placement of P50,000 offering a 2.25% interest rate per annum. Customers can enjoy higher returns of up to 4.25% interest rate for deposits amounting to P5 million and above. Interested customers may open the LANDBANK GreenGrowth Deposit account online via the LANDBANK Digital Onboarding System (DOBS) and visit any of the 607 LANDBANK branches and branch-lite units nationwide to complete the account setup. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to sustainable finance towards building a stronger and more resilient economy.LEARN MORE
LANDBANK bags 5 Quill Awards for communication excellence
The Land Bank of the Philippines (LANDBANK) bagged five (5) recognitions at the 2024 Philippine Quill Awards for its exemplary communication campaigns and initiatives. LANDBANK Corporate Services Sector Head, Executive Vice President Alex A. Lorayes (middle) receives the awards for the Bank, with Senior Vice President Catherine Rowena B. Villanueva (3rd from left), First Vice President Vivian M. Cañonero (5th from left), Assistant Vice Presidents Gaudioso Carlos A. Garcia (6th from left) and Melissa B. Calimag (2nd from left), and Unit Heads Joselito G. Ramos (leftmost) and Kurt Dale O. Tordesillas (rightmost). The Land Bank of the Philippines (LANDBANK) garnered five (5) recognitions at the 20th Philippine Quill Awards for its exemplary communication campaigns and initiatives that effectively convey the Bank’s pivotal role and contributions to national development. The state-run Bank received the honors on 23 January 2024 for both the Communication Management and Communication Skills categories, recognizing LANDBANK's strategic communication efforts in servicing its diverse publics and stakeholders. “These Quill awards are a testament to LANDBANK's unwavering commitment to excellence, innovation, and meaningful customer engagement. They inspire us further to continue elevating our service and promoting our advocacies of financial inclusion and sustainability," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s Quill Awards The LANDBANK Serving the Nation Campaign earned a recognition in the Marketing, Advertising and Brand Communication category for effectively reintroducing the Bank's expanded role as a driver of national development. The campaign highlighted LANDBANK's intensified support to the agricultural sector and other key economic sectors. The LANDBANK Serving the Nation Institutional Video was recognized under the Audio and Visual category. With the central theme of "Para sa Kinabukasan ng Bayan," the video showcases the Bank's holistic programs and initiatives is support of its diverse customers. Under the Communication Management category, the Bank’s Hybrid Flag Ceremony was also recognized for the Bank’s innovative response to physical restrictions on mass gatherings, thereby continuing to foster a sense of unity and community among its employees at the height of the global health pandemic. The Bank’s #MyTEStimony campaign received a recognition under the Social Media Category for showcasing the challenges and triumphs of the government’s scholars under the Tertiary Education Subsidy (TES) Program, in partnership with the Commission on Higher Education (CHED). Finally, the LANDBANK Information Security Campaign received a Quill Award for raising the awareness of customers and the general public against various types of online banking fraud to better safeguard their finances. The Philippine Quill Awards, organized by the International Association of Business Communicators (IABC) Philippines, is a prestigious awards program in the field of business communication, celebrating the strategic use of communication to achieve business goals, foster positive stakeholder relationships, and contribute to societal development. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.LEARN MORE