The Land Bank of the Philippines (LANDBANK) ended 2023 with an all-time high net income of P40.3 billion—the very first time that it breached the P40-billion mark surpassing its full-year target by P5 billion.
The Bank’s 2023 profit translates to a substantial 34% expansion from P30.1 billion in 2022. The robust financial performance was fueled by strong revenues from loans and investments alongside prudent cost management.
“LANDBANK’s strong financial performance in 2023 exemplifies sound management committed to deliver remarkable results in a thriving economy. We will build on this growth momentum to further drive meaningful investments in advancing inclusive and sustainable development in the country," said LANDBANK President and CEO Lynette V. Ortiz.
LANDBANK’s assets climbed 4.2% to P3.3 trillion, bolstered by strong deposit inflows and income generated from loans and investments. The Bank saw deposits grow by 4.5% to P2.9 trillion.
The state-run Bank maintains a stable and robust capital position, with year-end capital jumping to P266.8 billion on the back of strong profitability. This translates to 27% year-on-year growth from P210.6 billion last year.
LANDBANK’s financial ratios continued to be at healthy levels, with Capital Adequacy Ratio (CAR) at 16.35% and Common Equity Tier 1 Ratio (CET 1) at 15.46%. Return on equity stood at 16.87%, significantly higher than the 12.15% industry average.
This strong financial base will further enhance support for agriculture, fisheries and rural development (AFRD), as well as other key development sectors, in line with the Bank’s broader thrust of serving the nation.
From January to December 2023, LANDBANK’s loans granted to various sectors translated to more infrastructure facilities and basic services provided to Filipinos across the country.
“We look forward to 2024 as another banner year for LANDBANK, underscoring our commitment to transformative and disruptive digital initiatives. This momentum gives us much optimism towards reaching new milestones in expanding financial inclusion nationwide,” added President and CEO Ortiz.
Finance Secretary and LANDBANK Chairman Ralph G. Recto recently met with the LANDBANK Management, and commended the Bank for surpassing its financial targets in 2023, maintaining a strong capital position, and intensifying support to agriculture, fisheries, and rural development. He also lauded the bank's strong support of the national government’s programs and the implementation of various digital platforms.
Secretary Recto also assured full support for the bank's strategic initiatives in 2024 for national development lending, treasury and investment, digital banking, and cybersecurity, among other areas.
LANDBANK garnered the highest rating for corporate governance in 2022 among government-owned and controlled corporations (GOCCs) in the country from the Governance Commission of GOCCs (GCG).
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 being at the forefront of nation-building through the delivery of responsive services beyond banking.
Strengthening Palawan’s agri value chain: LANDBANK expands financing support for farmers, agri stakeholders
BROOKE’S POINT, Palawan – LANDBANK continues to strengthen its support for farmers and other players in the agricultural value chain with the regional rollout of the AGRISENSO Plus Lending Program in this province, bringing low-interest financing and capacity-building support closer to more agricultural communities nationwide. Over 1,400 farmers from the municipalities of Aborlan, Bataraza, Brooke’s Point, Narra, Quezon, Rizal, and Sofronio Española gathered for the event, reflecting the strong interest of Palawan’s agri communities for accessible and affordable credit assistance. LANDBANK President and CEO Lynette V. Ortiz and Bangko Sentral ng Pilipinas (BSP) Director Mynard Bryan R. Mojica led the launch on 10 October 2025 at Brooke’s Point Event Center. They were joined by Brooke’s Point Mayor Cesareo R. Benedito Jr., Narra Mayor Gerandy B. Danao, and national and local partners from the Department of Agriculture (DA), Department of Agrarian Reform (DAR), National Irrigation Administration (NIA), Bureau of Fisheries and Aquatic Resources (BFAR), Agricultural Credit Policy Council (ACPC), and Philippine Crop Insurance Corporation (PCIC). “With the continued rollout of the LANDBANK AGRISENSO Plus Lending Program nationwide, we are deepening our commitment to empower farmers and other agri stakeholders, including those in far-flung provinces like Palawan. We aim to provide them with the financing, tools, and partnerships needed to strengthen agricultural productivity and build resilient livelihoods,” said LANDBANK President and CEO Ortiz. Inclusive and holistic agri financing Developed in partnership with the DA, DAR, ACPC, NIA and other private sector partners, the AGRISENSO Plus Lending Program is LANDBANK’s enhanced value chain-based financing initiative to provide holistic support to agricultural players. The Program offers a fixed interest rate of 4.0% per annum for small farmers, fishers, and ARBs, with competitive rates for their associations and organizations, micro, small, and medium enterprises (MSMEs), large enterprises, anchor firms, and agriculture graduates. Borrowers benefit from simplified documentary requirements, free life and credit life insurance, and expanded access to technical and market support to help boost productivity and profitability. The AGRISENSO Plus Lending Program is complemented by the LANDBANK ASCEND (Agri-Fishery Support through Capability Enhancement for Nationwide Development) initiative, a capacity-building component that provides farmers and fishers with training on digital financial literacy, sustainable agriculture, and enterprise development. As of August 2025, LANDBANK has released ₱1.78 billion in loans under the AGRISENSO Plus Program, supporting over 12,000 borrowers nationwide. The Palawan rollout follows successful launches in Pampanga, Cagayan, Isabela, Batanes, Bukidnon, and Iloilo, with the next rollout scheduled in Negros Occidental later this month. Strengthening partnerships for growth The AGRISENSO Plus Lending Program also connects farmers and fishers to market opportunities through partnerships with anchor firms, such as Kita Agritech Corporation, Sarisuki Stores, Inc., TAO Foods Company, Inc., Yovel East Research and Development, Inc., and Unified Tillers Agriculture Cooperative (UTAC). Santeh Feeds Corporation recently joined the roster of the Program anchor firms following the signing of a memorandum of agreement with LANDBANK on 07 October 2025 at LANDBANK Plaza in Manila. The partnership will broaden the Program’s reach to aqua farmers nationwide who use Santeh Feeds’ products and services. It aims to boost productivity and strengthen the economic resilience of aqua farmers, while advancing sustainable aquaculture practices across the country. LANDBANK remains steadfast in its mission to advance countryside development and ensure food security by scaling up inclusive and sustainable financing for the agriculture sector — empowering rural communities and cultivating growth from countryside to countrywide. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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Advancing digital financial inclusion: LANDBANK and Palawan State University launch Cash-Lite Campus initiative
PUERTO PRINCESA, Palawan – LANDBANK and Palawan State University (PSU) have partnered to launch the Cash-Lite Campus initiative, advancing digital financial literacy and empowering students with secure, efficient banking solutions. Launched on 9 October 2025 at the PSU Performing Arts Center, the initiative aims to reduce cash dependency and streamline transactions for University’s students, faculty, and staff through mobile and e-banking services. “LANDBANK is here to help students build digital confidence in managing their finances — safely, smartly, and efficiently. Whether paying school fees, buying meals, or splitting costs with friends, our digital solutions make everyday transactions simpler and more secure,” said LANDBANK President and CEO Lynette V. Ortiz, who led the event, together with PSU President Dr. Ramon M. Docto and other officials. The Cash-Lite Campus initiative introduces the LANDBANK Mobile Banking App (MBA) and other e-payment channels, equipping students with essential digital financial skills. A key feature is the LANDBANK Piso Plus account, which can be opened via the LANDBANK MBA, with no initial deposit or maintaining balance. Pre-launch activities on 8 October engaged students in interactive missions to promote account opening and digital engagement. The launch also featured a financial literacy session and live demonstrations of cashless transactions using the LANDBANK MBA, highlighting the convenience and security of digital banking. The initiative is expected to result in over 12,000 new account openings and a significant boost in digital transactions at PSU, supporting LANDBANK’s mission to advance financial inclusion in the education sector. LANDBANK President and CEO Lynette V. Ortiz (2nd from left) and Senior Vice President Catherine Rowena B. Villanueva (rightmost), together with Waves for Water Philippines Operations Director Francelline Jimenez (leftmost), turn over 16 filtration systems, 16 handwashing stations, and 32 jerry cans to Palawan State University (PSU) President Ramon M. Docto (2nd from right) as part of the Bank’s Corporate Social Responsibility (CSR) program. The facilities will help address the lack of potable water and handwashing areas in the University for the benefit of students and teachers. Following PSU, LANDBANK plans to expand the Cash-Lite Campus initiative nationwide, fostering digital adoption and financial empowerment among the youth. Through partnerships like this, LANDBANK continues to champion financial inclusion and digital innovation, ensuring students and educators are equipped to thrive in an increasingly digital economy.
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LANDBANK empowers small businesses with accessible financing, support services
As part of its steadfast efforts to drive economic activities and promote inclusive growth, LANDBANK has rolled-out a new lending program to empower micro, small, and medium enterprises (MSMEs) and their partner financial institutions with accessible financing and capacity-building support. Under the LIFTING MSMEs Lending Program — which stands for LANDBANK’s Innovative Financing Thrust Towards Inclusive National Growth thru Micro, Small, and Medium Enterprises — eligible borrowers may use loan proceeds for working capital, business expansion, equipment purchase or upgrade, renovation, digitalization, franchising, export and trade finance, and green or sustainable projects. “MSMEs are the backbone of the Philippine economy, making up 99.6% of total business establishments and employing 65% of the total workforce. Every loan extended to an MSME creates a ripple effect — sustaining jobs, uplifting families, and strengthening communities. Through the LIFTING MSMEs Lending Program, LANDBANK is fueling this multiplier effect to accelerate inclusive and sustainable growth across the nation,” said LANDBANK President and CEO Lynette V. Ortiz. Loan packages for every growth stage To support businesses at every stage of their journey, the program offers three (3) loan packages. The Start-Up Loan, ranging from ₱100,000 to ₱500,000, is designed for start-ups and microenterprises with less than one (1) year of operation. It comes with free financial literacy training, minimal collateral requirements, and low welcome interest rates. For micro and small enterprises with at least one (1) year in operation, the Step-Up Loan provides between ₱500,000 and ₱5 million in financing, with added benefits such as free training, interest rate reductions, provision of Point-of-Sale (POS) terminal, and eligibility to transition to higher financing. Meanwhile, the Level-Up Loan, offering up to ₱50 million, is available to small and medium enterprises with more than three (3) years of operations. This package provides strategic funding to scale businesses further, coupled with lower interest rates and access to a LANDBANK corporate credit card. Under the Program, LANDBANK also extends a rediscounting line to credit cooperatives, rural banks, and microfinance institutions (MFIs) that provide loan services to MSMEs to boost their lending capacity, covering up to 85% of outstanding receivables. How to apply Interested borrowers may apply for the LIFTING MSMEs Lending Program through the LANDBANK Business Loan Application (BLA) Portal, an online platform where loan applicants can directly submit their applications without the need for manual intervention. The Portal allows applicants to complete application forms, upload required documents, and track the status of their application. It is accessible 24/7 through the LANDBANK website at https://www.landbank.com. For more information, interested borrowers may visit any LANDBANK Lending Center or Branch, or contact LANDBANK’s Customer Care Hotline at (02) 8405-7000. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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