State-run Land Bank of the Philippines (LANDBANK) reported a 16.14% growth in total assets to P2.405 trillion as of March 31, 2021, from the P2.071 trillion in the same period last year.
The assets increase was driven by the 16.21% growth in deposits to P2.123 trillion from P1.827 trillion in 2020.
Despite the continuing challenges set by the pandemic, LANDBANK is on track to meet its year-end net income target of P19.68 billion, as net income grew a modest 1.67% to P5.48 billion for the first three months of the year.
LANDBANK’s capital also rose by 32.44% to P194.59 billion from P146.93 billion year-on-year. This was backed by the P27.5 billion infusion of the National Government in February under Republic Act (RA) No. 11494 or the Bayanihan to Recover as One Act (Bayanihan 2), designed to bolster the Bank’s ongoing financial recovery interventions to sectors severely affected by the COVID-19 pandemic.
“The robust growth of our deposit base coupled with the equity booked from Bayanihan 2 allows us to extend greater financial assistance to our priority sectors, especially to small farmers and fishers, MSMEs, and other key development players. LANDBANK remains in prime position to continue providing for the recovery requirements of clients and the nation at large,” said LANDBANK President and CEO Cecilia C. Borromeo.
The Bank’s financial ratios have also remained resilient with a return on equity of 10.09%—higher than the industry average of 6.61%—while return on assets stood at 0.77% and net interest margin at 3.11%.
COVID-related loan programs
As part of its ongoing efforts to support sectors adversely affected by the COVID-19 pandemic, LANDBANK has so far approved loans amounting to P93.14 billion under various lending programs as of April 30, 2021.
Among these programs include the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program with total approved loans of P20.07 billion for 434 borrowers comprised of 292 Micro, Small, and Medium Enterprises (MSMEs), 81 cooperatives, 56 large corporations, and 5 Microfinance institutions (MFIs). From the initial program fund of P10 billion, it was previously doubled to P20 billion and most recently increased further to P50 billion to accommodate increasing applications.
Under the RISE UP LGUs (Restoration and Invigoration package for a Self-Sufficient Economy towards UPgrowth for local government units) Program, LANDBANK has approved loans totaling P72.18 billion for 245 LGUs nationwide to help revive their local communities and recover from the adverse economic impact of the pandemic.
Finally, LANDBANK has approved loans amounting to P889 million to 20 academic institutions under its ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program, which aims to boost the capacity of private academic institutions to implement a “study now, pay later” scheme for students.
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UP, LANDBANK team up to boost scholarships and digital services
A Future for Inclusive Education. (seated) UP President Angelo A. Jimenez (4th from left) and LANDBANK Executive Vice President Leila C. Martin (5th from left) lead the ceremonial signing of the Memorandum of Understanding (MOU) on 01 August 2025 at UP Diliman in Quezon City, formalizing a partnership to support student scholarships, faculty development, and digital financial inclusion across the UP community. Towards advancing inclusive and quality education, and corporate social responsibility (CSR), LANDBANK and the University of the Philippines (UP) signed a Memorandum of Understanding (MOU) to provide employee-funded scholarships, faculty development grants, and campus-wide digital banking services. Under the MOU, LANDBANK will support the University’s LINGAP-ISKOLAR Program by providing scholarships to select students from geographically isolated and disadvantaged areas (GIDAs), as well as support for professorial chair and faculty grants for UP educators. The initiative is uniquely fully-funded through voluntary donations from the more than 12,000 LANDBANK employees nationwide, aligned with the Bank’s commitment to CSR. “We are proud to walk alongside UP in shaping the next generation of leaders, changemakers, and nation-builders. Whether by funding education or supporting faculty development, LANDBANK is committed to helping expand access to quality education and financial services — especially in underserved communities,” said LANDBANK President and CEO Lynette V. Ortiz in a statement. UP President Angelo A. Jimenez and LANDBANK Executive Vice President Leila C. Martin led the ceremonial signing of the MOU on 01 August 2025 at Quezon Hall, UP Diliman Campus in Quezon City. They were joined by UP Executive Vice President Leo D.P. Cubillan, Assistant Vice President for Student Affairs Ma. Shari Niña G. Oliquino, Office of Admissions Director Francisco N. De Los Reyes, and LANDBANK Senior Vice Presidents Marilou L. Villafranca and Catherine Rowena B. Villanueva as official witnesses to the partnership. CSR and Digital Access Integration The partnership reflects the shared commitment of both institutions to empower Filipino students and educators towards progressive, and inclusive national development, aligned with the Bank’s CSR Pillars of S.E.R.V.E.—Sustainability, Environment, Resilience, Volunteerism, and Education. The collaboration includes the rollout of LANDBANK’s Cash-Lite Campus initiative, which promotes cashless transactions across the UP community. The program offers students, faculty, staff, campus vendors, and public transport providers access to digital banking services, including online account opening via the LANDBANK Mobile Banking App, QR payments, and e-commerce features, ensuring faster, safer, and more convenient daily transactions. Support for Admissions and Employability LANDBANK also assisted in promoting the UP College Admission Test (UPCAT) through its branches and online channels, and provided free transportation for examinees in provincial areas during the 2 to 3 August 2025 test days. The Bank will likewise offer internship opportunities and prioritize UP graduates for employment across LANDBANK, its subsidiaries, and foundation. Meanwhile, UP will identify scholarship and grant beneficiaries and help roll out LANDBANK’s financial education and digital banking services through campus-wide engagements. 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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BIR, LANDBANK team-up for tax portal for digital services
QUEZON CITY — The Bureau of Internal Revenue (BIR) has tapped LANDBANK to develop the Value-Added Tax on Digital Services (VDS) Portal, a dedicated platform for Digital Service Providers (DSPs) located outside the Philippines to conveniently file and pay Value-Added Tax (VAT) obligations online for their in-country services. BIR Commissioner Romeo D. Lumagui Jr. and LANDBANK President and CEO Lynette V. Ortiz formalized the partnership through a Memorandum of Agreement (MOA) signed on 8 July 2025 at the BIR National Office Building in Quezon City. The collaboration is in line with Republic Act No. 12023, which mandates the imposition of VAT on foreign digital service providers for services consumed within the country. LANDBANK will serve as the solution provider for the portal’s development and maintenance, while BIR will oversee implementation and policy compliance, to support the government’s push for digital tax administration and greater revenue mobilization in the digital economy. 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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LANDBANK, DOST-TAPI strengthen partnership to support Filipino innovators
LANDBANK President and CEO Lynette V. Ortiz (3rd from left) and DOST-TAPI Director Atty. Marion Ivy D. Decena (2nd from left) sign the partnership for the enhanced I-TECH Lending Program, designed to provide accessible financing to Filipino inventors and technology developers. Witnessing the signing ceremony on 15 July 2025 at Okada Manila are LANDBANK Executive Vice President Ma. Celeste A. Burgos (rightmost) and DOST- TAPI Investment and Business Operations Division Manager Romeo M. Javate (leftmost). In a joint push to advance innovation and inclusive technological development, LANDBANK and the Department of Science and Technology – Technology Application and Promotion Institute (DOST-TAPI) have formalized a renewed partnership to provide greater support for Filipino inventors and technology developers. Central to the collaboration is the Innovation and Technology (I-TECH) Lending Program, designed to provide affordable and accessible financing to help inventors commercialize their patented technologies and bring them to market. LANDBANK President and CEO Lynette V. Ortiz and DOST-TAPI Director Atty. Marion Ivy D. Decena formalized the partnership through a Memorandum of Agreement (MOA) and Implementing Rules and Regulations (IRR) signing on 15 July 2025 at Okada Manila. LANDBANK EVP Ma. Celeste A. Burgos and DOST-TAPI Investment & Business Operation Division Manager Romeo M. Javate witnessed the signing. “At LANDBANK, we firmly believe that technology is a key driver of inclusive growth that opens doors to a better, more sustainable future for all. We believe in the potential of every Filipino innovator, and we are here to back that potential every step of the way,” said LANDBANK PCEO Ortiz. Under the enhanced I-TECH Lending Program, LANDBANK serves as the primary lending conduit, while DOST-TAPI administers the Invention Guarantee Fund (IGF) to fund the program. Empowering innovators with accessible financing The I-TECH Lending Program introduces several enhancements to better serve target beneficiaries, broadening its reach and maximizing impact. To encourage wider participation, the previous loan ceiling of P12.5 million has been removed, allowing eligible borrowers to access up to 85% of the total project cost, and up to 80% for land acquisition. Loan interest charges have likewise been waived through funding sourced from the IGF, enabling the Program to operate as an off-book facility for LANDBANK, and lowering the financial burden on borrowers. These enhancements are in line with Republic Act No. 7459, or the Inventors and Invention Incentives Act of the Philippines, which aims to empower local innovators through financial and non-financial assistance. As of 30 June 2025, a total of P32.25 million in loans has been released under the I- TECH Lending Program. Through this enhanced partnership, LANDBANK and DOST-TAPI reaffirm their commitment to empowering Filipino innovators, transforming homegrown ideas into sustainable, high-impact enterprises, and helping build a robust technology-driven economy. 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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