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1. Republic Act 3844 (Agricultural Land Reform Code) - 8

August 1963

Created the Land Bank of the Philippines (LBP) to finance the acquisition and distribution of
agricultural estates for division and resale to small landholders as well as the purchase of the landholding
by the agricultural lessee;

Authorized capitalization of 1.5 billion Php. Initial capital of 200 million Php;

Members of the Board of Trustees

Chairman - LBP President & CEO

one member elected by the holder of preferred shares

4 Members:
including the Head of Land Authority (now Dept. of Agrarian Reform)

Tax exempt on all operations, holdings, equipment, property, income and earnings;

Exempted from cash or stock dividend payments to the National Government;

Agricultural Credit Administration (ACA) responsible for extending credit assistance to farmers
cooperatives and directly to small farmers

2. Adoption of By-Laws and Creation of Board of Trustees

Adopted the by-laws, established the first organizational chart and manual of operations in 1965;

Formed the Board of Trustees with the Secretary of Finance as chairman in 1966

3. Presidential Decree 27 (Tenant Emancipation Act) - 21 October 1972

Emancipation of tenant-farmers of private agricultural lands devoted to rice and corn under a system
of share-crop or lease-tenancy, whether classified as landed estate or not;

Value of land transferred to tenant-farmers at 2 1/2 times the average

Harvest of 3 normal crop years immediately preceding the promulgation of PD 27;

LBP to collect 15-year land amortizations from beneficiaries for the cost of the land plus 6% interest
per annum

4. Presidential Decree 251 (Revitalizing LANDBANK) - 21 July 1973

Because LBP was deficient and inadequate both in capitalization and in organization structure to meet
the implementation requirements of agrarian reform, the Bank was revitalized;

Granted universal or expanded commercial banking powers to LBP and established LBP as the
universal bank with a social mission of spurring countryside development;

to cross-subsidize agrarian land transfer and loans to small farmers and fisherfolk;

Expanded LBP's powers to include lending to agricultural, industrial, home-building or home-financing

projects and other productive enterprises;

to ensure LBP's financial stability and sustainability;

Empowered LBP to grant loans to farmers cooperatives/associations to facilitate production, marketing

of crops and acquisition of essential commodities;

LBP mandated to provide timely and adequate support in all phases involved in the execution of
agrarian reform;

Increased authorized capitalization to 3 billion Php ;

Increased the members of the Board of Directors to seven (7):

Chairman - Secretary of Finance

Vice-Chairman - LBP President

Members (Ex-Officio) - Secretary of Agrarian Reform

- Secretary of Labor -

Three Members - elected annually

Exempted from all national, provincial, municipal & city taxes and assessments

5. Reorganization - 1977

LBP formed three major sectors - Agrarian, Banking and Operations to strengthen operations and
ensure long-term viability

6. Executive Order 816 (Transfer of ACA to LBP) - 8 July 1982

To adopt an integrated approach in the provision of financial assistance to AR farmer-beneficiaries a

single institution is preferred;
ACA was abolished and its functions (loans to small farmers) were transferred to LBP

7. Executive Order 229 (CARL) - 22 July 1987

Created the Presidential Agrarian Reform Council (PARC) as the highest policy-making and coordinating
body of the Comprehensive Agrarian Reform Program (CARP) to ensure timely and effective delivery of
the necessary support services;

Established the Agrarian Reform Fund (ARF) with an interim amount of 50 Php billion to cover the
financing requirements of CARP with appropriations coming from the proceeds of the Asset Privatization
Trust and the Presidential Commission on Good Government;

FBs to pay for lands acquired and redistributed by the government in 30 equal annual amortizations
at 6% p.a. with the first payment due one year after resale (annual amortization should not exceed 10% of
the land's annual value of gross production);

LBP to provide assistance to landowners through:

investment information and counselling assistance
conversion and/or exchange of LBP Agrarian Reform bonds to/from government stocks with
government assets
marketing of LBP Agrarian Reform bonds

8. Republic Act 6657 (CARL) - 10 June 1988

Broadened the coverage of agrarian reform to include all public and private agricultural lands including
other lands of the public domain suitable for agriculture;

Payment to landowners at 25% to 35% cash and the balance in 10-year Agrarian Reform bonds with a
yield of 91-day T-bills;

Authorized LBP to collect from the FBs payment for lands awarded to them in 30 annual amortizations
at 6% per annum;

Established LBP as the financial intermediary of the CARP

9. Executive Order 405 (CARP Land Valuation) - 14 June 1990

Transferred the primary responsibility of determining land valuation and compensation for all lands
covered under CARP from the DAR to the LBP;
Accelerated and streamlined certain procedures in land valuation and compensation;
LBP created regional Land Valuation and Landowners Compensation Offices (LVOs) to carry out land
valuation and compensation

10. Republic Act 7907 (Amended LBP Charter) - 23 February 1995

Increased authorized capitalization to 9 billion Php ;

Established LBP as an official government depository;

Increased the members of the Board of Directors to nine (9) composed of:

Chairman - Secretary of Finance

Vice- Chairman - LBP President and CEO


Secretary of Agrarian Reform

Secretary of Labor

Secretary of Agriculture

2 Representatives of Agrarian Reform Beneficiaries

2 Representatives from the Private Sector

11. Executive Order 267 (CARL) - 25 July 1995

National Government to issue Agrarian Reform (AR) bonds to be used by LBP for land transfer
Segregation of the accounts of CARP-related transactions from the books of LBP;

CARP accounts and AR bonds were previously part of LBP's books and adversely affected LBP's
financial position (leverage and capital adequacy ratios)

12. Increase of Authorized Capital - 25 August 1998

Authorized capitalization increased to 25 billion Php by the Department of Finance and the President
of the Philippines

The Land Bank of the Philippines is a government financial
institution that strikes a balance in fulfilling its social mandate of
promoting countryside development while remaining financially

This dual function makes LANDBANK unique. The profits derived

from its commercial banking operations are used to finance the
Bank's developmental programs and initiatives.

Over the years, LANDBANK has successfully managed this tough

balancing act as evidenced by the continued expansion of its
loan portfolio in favor of its priority sectors: the farmers and
fisherfolk, small and medium enterprises and microenterprises,
livelihood loans and agribusiness, agri-infrastructure and other
agri- and environment-related projects, socialized housing,
schools and hospitals.

Today, LANDBANK is by far the largest formal credit institution in

the rural areas. Its credit delivery system is able to penetrate a
substantial percentage of the country's total number of

LANDBANK also ranks among the top five commercial banks in

the country in terms of deposits, assets, loans and capital.

From its initial role as the financing arm of the agrarian reform,
LANDBANK has evolved into a full-service commercial bank. But
the essence of its existence has not changed at all - and that is to
make the countryside continuously throb with life.


Business Address:
LANDBANK Plaza, 1598 M.H del Pilar cor. Dr. J. Quintos Sts., 1004
Malate, Manila, Philippines
Mailing Address:
P.O. Box 2284 Manila Central Post Office
Telephone No.:
+63 2 522-0000 ; 551-2200 ; 450-7001
+63 2 528 8580
Swift Code:
100% Filipino Ownership
Thursday, August 08, 1963


Billion Common Shares
Principal Activity:
Specialized Government Bank with universal banking license
As of:
345 Branches/Units and 1,297 ATMs (as of August 31, 2014)

An implementing agency of CARP involved in land
evaluation, compensation to owners of private agricultural
lands,and collection of amortizations from CARP farmerbeneficiaries.
Provision of credit assistance to small farmers and
fisherfolk and ARBs.
An official depository of government funds.
A government bank with a social mandate to spur
countryside development.

Catalyst of countryside development and poverty
Commitment towards the development of the cooperative

Self-sustainability through cross-subsidy operations

(commercial banking profits supporting agrarian
Self-reliant government institution with no budgetary
Commitment towards environmental protection.


We are a development-oriented financial institution that
measures its success on our ability to deliver quality products
and services that effectively address the needs and expectations
of our clients. As a universal bank with a social mission,
LANDBANK endeavors to incorporate a culture of excellence
and professionalism in all levels of the organization.

To uphold this commitment, we shall ensure that

Our people perform their roles and responsibilities
honestly and effectively through continuous education,
values and training programs.
Our products and services provide effective financial and
technical support with the widest reach, adhere to local
and international standards, and remain responsive to the
changing needs of our clients and stakeholders.

Our management team fosters a work environment that

encourages our employees to harness their fullest
potentials and contribute to our organization's goals.
Our processes and operations are continuously monitored
and measured to enhance efficiency and effectiveness in
the long run.
documented,implemented,continuously improved and
communicated to all members of the organization.

We believe that giving premium on quality is one of the best

ways to show how much we value our relationship with our
clients and partners.

Quality is a foundation of our business.

Quality is our continuous and relentless
In pursuit of its role as the dominant financial institution in
countryside development,LANDBANK shall adhere and actively
development by incorporating effective environmental
management practices in all its agrarian and banking operations,
services and decisions.

Environmental Initiatives

Environmental Due Diligence

Environmental Management System
GHG Accounting
Green Procurement
Manila Bay Clean-up

Towards this end, LANDBANK shall


Comply with applicable environmental laws,regulations and

covenants that it subscribes to.

Pollution Prevention

Implement effective pollution control and waste management

programs, practice conservation of natural resources and
conduct appropriate environmental risk assessment and


Enjoin its employees to be aware and be actively involved in the

implementation of its Environmental Management System
(Environmental Management System)
Inform and influence
its stakeholders including its
clients,suppliers and business partners to align with the Bank's
environmental management programs in their business

Continual Improvement

Commit to continuously review and improve its environmental

programs in response to changing needs and conditions.

Board of Directors

Hon. Cesar V. Purisima

Secretary - Department of

Ms. Gilda E. Pico

President & CEO

Hon. Proceso J. Alcala

Secretary - Department of

Hon. Virgilio R. de los Reyes

Secretary - Department of
Agrarian Reform

Hon. Rosalinda D. Baldoz

Mr. Crispino T. Aguelo

Secretary - Department of
Labor and Employment

Representative - Agrarian
Reform Beneficiaries Sector

Mr. Domingo I. Diaz

Mr. Tomas T. de Leon, Jr.
Representative - Private Sector Representative - Private Sector

Mr. Victor Gerardo J. Bulatao

Representative - Agrarian
Reform Beneficiaries Sector

Management Team

Ms. Gilda E. Pico

President & CEO

Mr. Andres C. Sarmiento

Operations Sector

Ms. Cecilia C. Borromeo

Agricultural and Development
Lending Sector

Mr. Rabboni Francis B.

Treasury and Investment
Banking Sector

Ms. Jocelyn dG. Cabreza

Branch Banking Sector


AS OF 31 JULY 2014

Director Tomas T. de Leon - Chairperson

Director Victor Gerardo J. Bulatao - Vice
DOF Secretary Cesar V. Purisima
DOLE Secretary Rosalinda D. Baldoz
LBP President and CEO Gilda E. Pico


Director Victor Gerardo J. Bulatao

Director Tomas T. de Leon, Jr. Vice
DA Secretary Proceso J. Alcala
Director Crispino T. Aguelo
Director Domingo I. Diaz

Director Tomas T. de Leon, Jr - Chairman

DOF Secretary Cesar V. Purisima - Vice

DOLE Secretary Rosalinda D. Baldoz Chairperson

DOF Secretary Cesar V. Purisima Vice

Director Domingo I. Diaz

DAR Secretary Virgilio R. de los Reyes

DA Secretary Proceso J. Alcala

Director Crispino T. Aguelo

LBP President and CEO Gilda E. Pico

FVP Josephine G. Cervero

Director Victor Gerardo J. Bulatao -

LBP President and CEO Gilda E. Pico -



LBP President & CEO Gilda E. Pico - Vice

Director Domingo I. Diaz - Vice-



Director Crispino T. Aguelo

Director Crispino T. Aguelo

DA Secretary Proceso J. Alcala

Director Victor Gerardo J. Bulatao

DAR Secretary Virgilio R. De Los Reyes

Director Tomas T. de Leon, Jr.


Organizational Structure