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LANDBANK: 43% of PDS shareholders accept offer

THE LAND BANK of the Philippines (LANDBANK) said shareholders representing 43% of the fixed-income bourse have accepted its offer to buy their shares, with the share purchase agreement (SPA) expected to be signed this week.

PSE’s terms for PDS sale keep changing, Finance dep’t complains

THE GOVERNMENT said the Philippine Stock Exchange (PSE) is imposing constantly changing conditions for signing the agreement to sell its 20% stake in the Philippine Dealing System (PDS), a fixed-income exchange, thereby slowing the deal’s completion.

LANDBANK expects to sign SPA for stake in bourse this week

THE LAND BANK of the Philippines (LANDBANK) expects to ink the share purchase agreement (SPA) with the Philippine Stock Exchange (PSE) for the sale of its stake in the country’s fixed income-bourse this week.

LANDBANK surpasses income target

LAND BANK of the Philippines (LANDBANK) saw its profit decline by a third in April, but still breached its target for the first four months, according to the Department of Finance (DoF).

LANDBANK income up 52%

Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans. The state-run lender said...

LANBANK first-quarter profit rises on robust loan growth

Land Bank of the Philippines (LANDBANK) saw its net income surge by half in the first quarter, supported by strong profit growth in loans. The...

LANDBANK offers to buy PSE’s PDS shares for P472M

By Arra B. Francia, Reporter THE Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK)...

LANDBANK offers P472 million to buy PSE shares in PDS

The Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK) to buyout its shares...

IC to roll out e-payment system with LANDBANK

THE Insurance Commission (IC) is set to implement an electronic payment program in partnership with Land Bank of the Philippines (LANDBANK). In a statement sent...

LANDBANK presses on with bid for fixed-income bourse

By Elijah Joseph C. Tubayan, Reporter THE LAND BANK of the Philippines (LANDBANK) has begun offers to stakeholders of the country’s fixed-income bourse whose share...

Landbank net income up by 4% in 2017

Land Bank of the Philippines (Landbank) saw its net income grow in 2017 on the back of its robust core revenues. In a statement sent...

Landbank conducting due diligence, eyes exemption for PDS acquisition

LAND BANK of the Philippines (Landbank or LBP) is conducting due diligence to acquire the majority stake of fixed-income exchange operator Philippine Dealing System...

LandBank angles for majority in fixed-income bourse

By Elijah Joseph C. Tubayan, Reporter THE LAND BANK of the Philippines (LandBank or LBP) is considering acquisition of a majority stake in the Philippine...

BSP approves Landbank acquisition of postal bank

THE central bank has approved the acquisition of the Philippine Postal Savings Bank (PPSB) by Land Bank of the Philippines (Landbank), which intends to...

Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following...

Osmeña gets council nod to negotiate for proposed P3-B Landbank loan

A MAJORITY of the Cebu City council has given authority to Mayor Tomas R. Osmeña to negotiate for a P3-billion loan from the Land...

GOCC dividends decline in first nine months

GOVERNMENT-owned and controlled corporations (GOCCs) issued lower dividends year on year at the end of September, the Finance department said. “Collections as of September 2017...

Landbank profit up at end-Aug.

STATE-RUN lender Land Bank of the Philippines (Landbank) saw its bottom line inch up in the first eight months of the year on the...

Landbank’s acquisition of Postal Bank gets green light

PHILIPPINE POSTAL Savings Bank (PPSB) has been directed to transfer all its assets, liabilities, records, systems and other appurtenant items to the Land Bank...