The Land Bank of the Philippines (LANDBANK) on Monday turned over a historic ₱33.53 billion in cash dividends to the National Government at the Department of Finance (DOF), marking the highest amount in the Bank’s history and the largest contribution among all Government Owned and Controlled Corporations (GOCCs) for the second consecutive year.
LANDBANK President and CEO Lynette V. Ortiz affirmed the Bank’s unwavering commitment to expand its reach and deliver accessible and responsive financial services to more Filipinos across the nation, from the countryside to countrywide.
“This record-breaking dividend payment underscores LANDBANK’s robust financial performance and our steadfast dedication to supporting the government’s inclusive and sustainable development agenda,” said President and CEO Ortiz. “We are immensely proud to contribute significantly to national coffers, which will undoubtedly bolster vital government programs and services for the Filipino people.”
The substantial contribution reaffirms LANDBANK’s pivotal role in the nation’s economic progress and its strong commitment to financial inclusion, particularly in underserved and rural areas. The Bank continues to leverage its extensive network and digital capabilities to provide a wide array of financial products and services, empowering farmers, fisherfolk, micro, small, and medium enterprises (MSMEs), and local government units.
President and CEO Ortiz reiterated LANDBANK’s strategic imperative to enhance its presence and accessibility, ensuring that more Filipinos have the opportunity to participate in the formal financial system and improve their quality of life.
