The Department of Finance (DOF) welcomed the recent P32.35-billion dividend remittance of Land Bank of the Philippines (LANDBANK) to the national government, citing the payout as a reflection of the bank’s strong financial performance and its role in supporting public spending.

In a statement, Finance Secretary Frederick D. Go welcomed the dividend remittance from the state-owned lender, a key source of the government’s non-tax revenues, which will help fund priority programs without the need for additional taxation.

“LANDBANK’s continuous support and strong performance prove why it remains a steadfast partner of the government in improving the lives of Filipinos,” Go said.

The remittance was driven by the bank’s record net income of P43.98 billion in 2025, up 24 percent year-on-year, marking its strongest performance to date.

Growth was fueled by sustained expansion in lending, particularly to priority sectors. The bank’s agriculture, fisheries and rural development (AFRD) loan portfolio rose 9 percent to P896.61 billion, reinforcing its mandate to support farmers, fisherfolk and rural enterprises.

Beyond lending, LANDBANK also posted strong gains in digital banking, processing around 800 million transactions in 2025 — up 27 percent in volume and 30 percent in value to P4.41 trillion — reflecting growing adoption of digital financial services.

The bank also expanded its nationwide reach, ending the year with more than 10,400 service touchpoints, including branches, ATMs and partner outlets, further broadening access to financial services across the country.

LANDBANK President and CEO Lynette V. Ortiz said the dividend underscores the institution’s dual role as a profit-generating entity and a development bank.

“LANDBANK’s dividend remittance is a deliberate investment in the country’s future. It strengthens the government’s capacity to fund critical programs that uplift communities and expand economic opportunities,” Ortiz said.

Under Republic Act No. 7656, or the Dividend Law, government-owned and controlled corporations are required to remit at least 50 percent of their annual net earnings to the state.