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Central Bank of the Philippines
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Land Bank of The Philippines |
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Land Bank of the Philippines
(LBP) created under the Republic Act 3844 (Agricultural Land Reform Code) on
8 August 1963 with the aimed to finance the acquisition and distribution of
agricultural estates for division and resale to small landholders as well as
the purchase of the landholding by the agricultural lessee. The Land Bank of
The Philippines is a government financial institution that strikes a balance
in fulfilling its social mandate of promoting countryside development while
remaining financially viable. This dual function makes LBP unique. The
profits derived from its commercial banking operations are used to finance
the Bank's developmental programs and initiatives.
As like other commercial bank in Philippines, LBP is under the supervision
of the
Bangko Sentral ng Pilipinas (BSP). The Bank has granted tax exempt on
all operations, holdings, equipment, property, income and earnings as well
as exempted from cash or stock dividend payments to the National Government.
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Over the years, LBP has
successfully managed this tough balancing act as evidenced by the continued
expansion of its loan portfolio in favor of its priority sectors: the
farmers and fisherman, small and medium enterprises and micro enterprises,
livelihood loans and agribusiness, agri-infrastructure and other agri- and
environment-related projects, socialized housing, schools and hospitals. |
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Land Bank of The Philippines
Category : Universal & Commercial Banks
SWIFT Code : TLBPPHMM
Address :
15th Floor, Landbank Plaza
1598 M H Del Pilar corner Dr. J. Quintos St
Malate, Manila
Philippines
Telephone : (632) 551-2200
Website : www.landbank.com |
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Today, LBP is by far the largest formal credit institution in the rural
areas. Its credit delivery system is able to penetrate a substantial
percentage of the country's total number of municipalities. LBP also ranks
among the top five commercial banks in the country in terms of deposits,
assets, loans and capital. From its initial role as the financing arm of
the agrarian reform, LBP has evolved into a full-service commercial bank.
But the essence of its existence has not changed at all - and that is to
make the countryside continuously throb with life.
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