Driven by its robust financial performance in 2024 and sustained momentum into 2025, the Land Bank of the Philippines (LANDBANK) has declared ₱33.53 billion in cash dividends to the National Government — the highest in the Bank’s history.
This record-setting cash dividend is expected to fund priority infrastructure and socio-economic programs, reaffirming LANDBANK’s critical role in advancing national development.
“LANDBANK’s record-breaking dividend reflects the institution’s solid fundamentals and strategic financial management. This contribution will help power President Ferdinand R. Marcos, Jr.’s infrastructure push, investments in education and healthcare, and food security agenda. And it does all this while staying true to its core mission: delivering accessible and responsive financial services to Filipinos across the country,” said Finance Secretary and LANDBANK Chairman Ralph G. Recto.
“I commend LANDBANK for consistently delivering strategic value—not only to its stakeholders, but to the entire Filipino nation,” he added.
In 2024, the Bank remitted ₱32.12 billion in dividends — the highest among all Government Owned and Controlled Corporations (GOCCs). With this year’s ₱33.53 billion declaration, LANDBANK maintains its standing as the top dividend contributor among GOCCs for the second consecutive year.
“The ₱33.53 billion dividend underscores LANDBANK’s unwavering support for government priorities that uplift lives and communities across the country. It also reflects our strong financial foundation and vital role as a pillar of inclusive growth, ensuring that our sustained performance translates into real and lasting impact,” said LANDBANK President and CEO Lynette V. Ortiz.
Q1 2025 net income rises 11% to ₱13.29-B
LANDBANK posted a solid ₱13.29 billion net income for the first quarter of 2025, up 11% from ₱11.98 billion year-on-year and 32% above its Q1 target.
LANDBANK’s total assets grew to ₱3.426 trillion, up 5% year-on-year from ₱3.268 trillion, driven by expansions in both loan and investment portfolios. Customer deposits also rose by ₱136.63 billion or 5% to ₱3.02 trillion, reflecting sustained trust in the Bank’s services.
Its gross loan portfolio climbed by 8% to ₱1.58 trillion, while investments surged by 14% to ₱1.50 trillion, supported by growth in both trading and non-trading portfolios.
LANDBANK’s financial strength was recently reaffirmed by Fitch Ratings, which upgraded its Viability Rating (VR) to ‘bb+’ from ‘bb’, citing stronger capital buffers, enhanced profitability, and its policy-driven mandate.
₱844.61-B in loans for agriculture and rural development
Leveraging its solid financial footing, LANDBANK expanded its Agriculture, Fisheries, and Rural Development (AFRD) loan portfolio to a record ₱844.61 billion as of Q1 2025 — representing 53.4% of its total gross loan portfolio of ₱1.58 trillion.
The Bank supported nearly 28,000 new small farmers and fishers during the period, bringing total beneficiaries assisted to 4.04 million nationwide. This was accomplished through a mix of direct lending, credit conduits, and capacity-building interventions, spanning the entire agricultural value chain.
LANDBANK ranks 5th in Forbes’ 2025 Best Banks in the Philippines
LANDBANK climbed to 5th place in Forbes’ Best Banks 2025 survey in the Philippines, up from 8th last year. It was also recognized among the World’s Best Employers for the second year in a row, ranking 4th in the Philippines in 2024 — the only government institution on the list.
Now in its seventh year, the Forbes’ global ranking — conducted in partnership with Statista — surveyed over 50,000 individuals across 34 countries, evaluating banks on customer satisfaction, trust, terms and conditions, digital services, customer support, and financial advice.
This recognition reflects growing confidence in LANDBANK’s mission-driven banking approach and affirms its role in advancing inclusive finance and sustainable development.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
