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LANDBANK prices maiden sustainability bonds, closes offering on first day due...

LAND BANK of the Philippines (LANDBANK) closed its bond offering on its first day following strong demand from investors.

DoTr signs deals with LANDBANK for road transport, rail projects

THE Department of Transportation (DoTr) said it signed six agreements Monday with the Land Bank of the Philippines (LANDBANK) to support various projects, including the distribution of cash subsidies to transport workers, financing to acquire modern jeepneys and buses, and testing the automatic fare collection system.

LANDBANK LGU loan approvals for palay procurement hit P4.3B

LAND BANK of the Philippines (LANDBANK) said it approved P4.3 billion worth of loans to local government units (LGUs) to procure palay, or unmilled rice, directly from farmers, one of the government’s measures to prop up weak farmgate prices.

LANDBANK approves P330 million in loans under ‘study now, pay later’...

Land Bank of the Philippines (LANDBANK) has granted P330 million in loans as of mid-August under its “study now, pay later” scheme, the Department of Finance (DoF) said in a statement on Monday. 

Credit assistance for coconut, coffee farmers readily available — LANDBANK

STATE-LED Land Bank of the Philippines (LANDBANK) has guaranteed local coconut and coffee farmers that lending programs are ready to help boost their production and incomes.

LANDBANK to act as settlement bank for CIAP’s online transactions

STATE-RUN Land Bank of the Philippines (LANDBANK) has been tasked to serve as the settlement bank for online transactions of the Construction Industry Authority of the Philippines (CIAP), which is under the Trade department.

LANDBANK rolls out new P10-billion loan program for LGUs

STATE-RUN Land Bank of the Philippines (LANDBANK) has set up another lending program worth P10 billion for local government units (LGUs) for development projects and recovery efforts amid the coronavirus pandemic.

BSP requires LANDBANK to allocate 5% of loans for socialized credit

THE MONETARY BOARD has approved the implementing rules and regulations (IRR) of Republic Act No. 10878 which looks to boost direct credit support to farmers and agrarian reform beneficiaries through the Land Bank of the Philippines (LANDBANK).

LANDBANK receives further P1.44B for agri loan program

AN ADDITIONAL P1.44 billion was transferred to the Land Bank of the Philippines (LANDBANK) by the Department of Agriculture (DA) for a lending program targeted at farmers, fisherfolk and agripreneurs.

LANDBANK releases agricultural loans worth P3.02B in first half

THE Land Bank of the Philippines (LANDBANK) said it released P3.02 billion in agricultural loans in the first half, most of them via a program intended to improve the sector’s competitiveness.

Over 80 schools interested in ‘study now, pay later’ scheme

STATE-RUN Land Bank of the Philippines (LANDBANK) said 83 schools have expressed their interest to participate in its “study now, pay later” lending program.

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.