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LANDBANK launches new lending program for countryside lenders

STATE-RUN Land Bank of the Philippines (LANDBANK) has launched a new lending program that will assist countryside financial institutions (CFIs) affected by natural calamities, man-made disasters, pests and diseases and outbreaks like the coronavirus disease 2019 (COVID-19) pandemic.

Fitch lowers rating outlook for LANDBANK

Fitch Ratings downgraded its rating outlook for state-run bank Land Bank of the Philippines (LANDBANK) to “stable” from “positive” on Tuesday, less than a week after a similar move was made for the country’s sovereign grade.

LANDBANK launches P3-billion loan program for private schools

LAND BANK of the Philippines (LANDBANK) has rolled out a P3-billion lending program for private schools to aid them in their “study now, pay later” scheme for students amid the coronavirus disease 2019 (COVID-19) pandemic.

LANDBANK rolls out LGU loan program

STATE-RUN Land Bank of the Philippines (LANDBANK) is rolling out a lending program worth P10 billion for local government units (LGUs) to provide them with emergency funding to respond to the coronavirus disease 2019 (COVID-19).

Moody’s affirms LANDBANK credit rating

MOODY’S Investors Service affirmed its credit rating for Land Bank of the Philippines (LANDBANK), citing its “healthy” metrics on solvency and liquidity.

LANDBANK grants reach P94.36B

STATE-OWNED Land Bank of the Philippines (LANDBANK) released a total of P94.36 billion in cash grants to 9,670,434 beneficiaries in 2019 under various social protection programs.

LANDBANK income grows 20% to P18.51 billion

LAND BANK of the Philippines (LANDBANK) saw its net profit grow by double digits last year, with assets breaching the two-trillion mark.

Davao de Oro capital signs agreement with LANDBANK for e-payment system

NABUNTURAN, the capital of Davao de Oro province, has signed an agreement with Land Bank of the Philippines (LANDBANK) and systems provider Rameses Systems Office for an electronic payment scheme for business permits and other fees.

LANDBANK provides Manila P10-B credit line

THE MANILA CITY government signed a P10-billion loan agreement with the Land Bank of the Philippines for financing of upgrades of key facilities, LANDBANK said in a statement on Tuesday.

LANDBANK net profit climbs 23% in Q3

LAND BANK of the Philippines’ (LANDBANK) net income climbed 23% year-on-year to P13.97 billion in the third quarter from P11.36 billion a year ago, putting it on track to meet its full-year profit goal of P16.64 billion.

Rice farmers urged to join cooperatives as they receive individual loan...

RICE FARMERS in Isabela province, particularly those who are cultivating land that is one hectare or less, have been urged to join a cooperative or an association to gain access to government assistance and become more competitive.

LANDBANK working with BARMM gov’t for ASAVI workers

THE LANDBANK of the Philippines (LANDBANK) on Tuesday said it is working with the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) government to come up with assistance program for employees affected by the closure of a P3.7-billion banana business venture in Maguindanao.

LANDBANK asked to clarify details of PDS takeover

LAND BANK of the Philippines (LANDBANK) is moving closer to getting exemptive relief from the Securities and Exchange Commission (SEC) in line with its proposed acquisition of the Philippine Dealing System Holdings Corp. (PDSHC).

LANDBANK simplifies documents, requirements for loan applications

STATE-OWNED Land Bank of the Philippines (LANDBANK) has simplified its loan application process to make credit more accessible to farmers and fishermen.

LANDBANK kicks off Financial Inclusion Caravan 2019

Continuing its commitment to promote greater financial inclusion, especially among the unbanked and underserved communities, the Land Bank of the Philippines (LANDBANK) kicked off...

Dividend rates of gov’t banks slashed

PRESIDENT RODRIGO R. Duterte has issued an executive order (EO) reducing the dividend rates of Land Bank of the Philippines (LANDBANK) and Development Bank of the Philippines (DBP) to improve the banks’ capital position.

Landbank January-June earnings rise 36%

LAND BANK of the Philippines earnings rose 36% from a year earlier to P10.58 billion in the six months to June, boosted by growh in lending, the lender said in a statement on Friday.

LANDBANK targets 15% growth in lending to farmers, lower interest rate

LAND BANK of the Philippines (LANDBANK) is planning to boost its loan portfolio to the agriculture sector to P265 billion by 2020 and P350 billion by 2022 and lower annual interest rates to 5% from the current 6%.

LANDBANK to boost lending to agriculture

LAND BANK of the Philippines (LANDBANK) said Mindanao will receive the biggest chunk of the bank’s loans, with the region having the biggest agricultural area in the country.

LANDBANK to submit progress report to Palace

LAND BANK of the Philippines (LANDBANK) is set to submit a report to Malacañang on its programs supporting the agriculture industry, after President Rodrigo R. Duterte threatened to abolish the bank for supposedly neglecting its mandate.

LANDBANK hopes to close PDS takeover by yearend

THE Land Bank of the Philippines (LANDBANK) said it is targeting to complete the acquisition of a majority stake in Philippine Dealing System Holdings, Corp. (PDSHC) by the end of the year.

LANDBANK looking to roll out agent banking in remote areas

LAND BANK of the Philippines (LANDBANK) is setting its sights on agent banking as it plans to pilot test the model in eight remote areas in the country this year.

DBP’s Borromeo to take helm at LANDBANK ‘soon’

DEVELOPMENT BANK of the Philippines (DBP) President and Chief Executive Officer Cecilia C. Borromeo is set to take the helm of state lender Land Bank of the Philippines (LANDBANK) “very soon.”

LANDBANK gives PSE up to March 15 to decide on PDS...

THE Philippine Stock Exchange (PSE) will get one more month to decide on the offer of Land Bank of the Philippines (LANDBANK) to buy out the remaining shares in the Philippine Dealing System Holdings Corp. (PDSHC).

PSE says no final decision on LANDBANK’s offer

THE Philippine Stock Exchange, Inc. (PSE) said on Monday that it had yet make a final decision on the offer by the government’s Land Bank of the Philippines (LANDBANK).

LANDBANK renews offer to buy PSE’s PDS stake

THE LAND BANK of the Philippines (LANDBANK) has offered to buy the Philippine Stock Exchange, Inc.’s (PSE) shares in the Philippine Dealing System Holdings Corp. (PDSHC) for nearly P282 million, according to the bourse operator.

LANDBANK’s net earnings climb

STATE-RUN Land Bank of the Philippines (LANDBANK) saw its net income surge as of September as loans grew by more than a third, it reported yesterday.

LANDBANK reduces offer price for shares in PDS

THE LAND BANK of the Philippines (LANDBANK) hopes to secure the controlling stake in the fixed-income bourse before year-end, after lowering its share purchase offer.

LANDBANK launches JICA-backed lending program to boost ARMM agri

THE LAND BANK of the Philippines (LANDBANK) launched a P2.12-billion financing scheme in the Autonomous Region in Muslim Mindanao (ARMM) and conflict-affected areas in Mindanao (CAAM) to boost the region’s agricultural sector.

LANDBANK books higher net profit in 2nd quarter

LAND BANK of the Philippines (LANDBANK) posted a higher net income in the second quarter of the year propelled by steady growth in its loan portfolio.

LANDBANK posts higher second-quarter profit

Land Bank of the Philippines (LANDBANK) posted higher net income in the second quarter of the year propelled by steady growth in its loan...

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...