Gov’t gets LANDBANK windfall

Driven by its robust financial performance in 2024 and sustained momentum into 2025, LandBank has declared ₱33.53 billion in cash dividends to the National Government — the highest in the Bank’s history.

This record-setting cash dividend is expected to fund priority infrastructure and socio-economic programs, reaffirming LandBank’s critical role in advancing national development.

“LandBank’s record-breaking dividend reflects the institution’s solid fundamentals and strategic financial management. This contribution will help power President Ferdinand R. Marcos Jr.’s infrastructure push, investments in education and healthcare, and food security agenda. And it does all this while staying true to its core mission: delivering accessible and responsive financial services to Filipinos across the country,” said Finance Secretary and LandBank chairman Ralph G. Recto.

“I commend LandBank for consistently delivering strategic value — not only to its stakeholders, but to the entire Filipino nation,” he added.

In 2024, the Bank remitted ₱32.12 billion in dividends — the highest among all Government Owned and Controlled Corporations (GOCCs). With this year’s ₱33.53 billion declaration, LandBank maintains its standing as the top dividend contributor among GOCCs for the second consecutive year.

“The ₱33.53 billion dividend underscores LandBank’s unwavering support for government priorities that uplift lives and communities across the country. It also reflects our strong financial foundation and vital role as a pillar of inclusive growth, ensuring that our sustained performance translates into real and lasting impact,” said LandBank president and CEO Lynette V. Ortiz.

Q1 2025 net income rises 11 percent to ₱13.29B

LandBank posted a solid ₱13.29 billion net income for the first quarter of 2025, up 11 percent from ₱11.98 billion year-on-year and 32 percent above its Q1 target.

LandBank’s total assets grew to ₱3.426 trillion, up 5 percent year-on-year from ₱3.268 trillion, driven by expansions in both loan and investment portfolios. Customer deposits also rose by ₱136.63 billion or 5 percent to ₱3.02 trillion, reflecting sustained trust in the Bank’s services.

Its gross loan portfolio climbed by 8 percent to ₱1.58 trillion, while investments surged by 14 percent to ₱1.50 trillion, supported by growth in both trading and non-trading portfolios.

LandBank’s financial strength was recently reaffirmed by Fitch Ratings, which upgraded its Viability Rating (VR) to ‘bb+’ from ‘bb’, citing stronger capital buffers, enhanced profitability, and its policy-driven mandate.