About LANDBANK

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 viable. 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 small farmers and fishers, a good part of
which are agrarian reform beneficiaries; micro and SMEs; agri- and aqua-projects of
local government units and government-owned and controlled corporations;
communications, transportation, housing, education, health care, environment-related
projects, tourism, and utilities. LANDBANK is by far the largest formal credit institution in
the rural areas. It also ranks among the top five commercial banks in the country in
terms of deposits, assets and loans.

Corporate Profile

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 viable.

VISION
By 2023, LANDBANK shall be the leading universal bank that promotes inclusive growth,
especially in the unbanked and underserved areas, through the delivery of innovative financial
products and services powered by digital banking platforms.
MISSION
To our Clients and Publics:

We provide accessible and best technology solutions to deliver timely and responsive
financial and support services to meet the needs of our clients, especially Small
Farmers and Fishers (SFFs), Micro, Small and Medium Enterprises (MSMEs),
Countryside Financial Institutions (CFIs), Local Government Units (LGUs) and
government agencies, while promoting sustainable development anchored on good
governance.

To Our Employees:

We are the employer of choice.

We develop and nurture talents who exemplify the highest standards of ethics, social
responsibility and service excellence.

We support diversity and cultivate a healthy work environment with equal opportunity for
professional growth and advancement.

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 viable.

MILESTONE IN CORPORATE EXISTENCE

(as of December 2020)
04 February 2016
Executive Order 198 (Increase in the Authorized Capital of LBP)

 LBP to increase its authorized capital stock from Php 25 billion to Php 200 billion
  Provision of capital infusion of at least Php 30 billion to allow LBP to continue supporting the
government’s sustainable and inclusive growth agenda

27 July 2016
Republic Act 10878 (Institutionalizing Direct Credit Support of LBP to Agrarian Reform
Beneficiaries, Small Farmers and Fisherfolk)

 LBP to allocate at least 5% of its regular loan portfolio for socialized credit to qualified small
farmers, fisherfolk and agrarian reform beneficiaries (ARBs)
 To offer and issue common and preferred shares of stocks to ARBs, small farmers and
fisherfolk through their organizations, cooperatives, federations and cooperative banks;
development partners and strategic investors such as multilateral and bilateral institutions;
rural banks and their associations. Provided that the National Government shall maintain, at
all times, at least two-thirds (2/3) ownership of the total outstanding common shares of the
Bank

11 September 2020
Republic Act 11494 (Providing for COVID-19 Response and Recovery Interventions and
Providing Mechanisms to Accelerate the Recovery and Bolster the Resiliency of the
Philippine Economy, Providing Funds therefore, and for Other Purposes)

 LBP appropriated with Php 1 billion to subsidize the payment of interest on new and existing
loans secured by LGUs from government financial institutions (GFIs)
 Php 27.5 Billion to support wholesale banking and equity infusion of the LBP for low interest
loans to be extended to persons and entities engaged in industries affected by the COVID-
19 pandemic

Major Roles of LANDBANK

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 viable.

 An implementing agency of CARP involved in land evaluation, compensation to

owners of  private agricultural lands,and collection of amortizations from CARP
farmer-beneficiaries.
 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.

Guiding Principles of LANDBANK

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 viable.

 Catalyst of countryside development and poverty alleviation.

 Commitment towards the development of the cooperative system.
 Self-sustainability through cross-subsidy operations (commercial banking profits
supporting agrarian operations).
 Self-reliant government institution with no budgetary support.
 Commitment towards environmental protection.

Integrated Quality and Environmental Policy

As a universal bank with a social mission, LANDBANK endeavors to deliver quality

financial and support services while promoting sustainable development.

Toward this end, LANDBANK will:

  Promote a culture of service excellence, professionalism, and social responsibility
across all ranks, from the Board, Management, officers and staff;
 Ensure that services are effective, at par with local and international standards, and
responsive to the changing needs of clients and stakeholders;
 Comply with applicable laws, regulations and covenants that it subscribes to and
incorporate best practices in all its operations; and
 Continuously improve its integrated management system.

We believe that giving premium to quality and environmental sustainability is one of the
best ways to show how much we value our relationship with our clients, partners and all
our stakeholders.

Cecilia C. Borromeo
President and CEO - Land Bank of the Philippines

President and CEO Cecilia C. Borromeo holds the distinction of being President and Chief
Executive Officer of two government financial institutions – the Development Bank of the
Philippines which she capably led for two years, and LANDBANK where she started her banking
career.
While short, her presidency in DBP from January 2017 to February 2019 was marked with
significant growth in all key financial indicators, notably in net income which grew by 36%,
deposits by 33% and loans by 20%.
Cecile re-joined LANDBANK on March 1, 2019 and worked to further strengthen the Bank’s
financial position, while intensifying its support to agriculture as part of its social
mandate. LANDBANK became a P2-Trillion bank both in assets and in deposits, ranking 2 nd in the
Philippine banking industry on these financial indicators. Meanwhile, LANDBANK’s reach to
small farmers and fishers expanded to 2.6 million as of December 2020 from 889,669 SFF in
June 2019.
Her extensive banking career spans more than 30 years of handling various posts in agricultural
and development lending, treasury and investment banking, public sector lending, corporate
banking, global banking, wholesale banking and lending program management.

Cecile completed her Bachelor of Science degree in Agribusiness at the University of the
Philippines Los Baños and underwent the Master in Business Administration program of the De
La Salle Business School.  She is a graduate of the Advanced Bank Management Course of the
Asian Institute of Management and the Pacific Rim Bankers Program at the University of
Washington Executive Education Foster School of Business. She likewise attended the
International Study on Rural banking and Finance at the Massey University in New Zealand.

CSR Statement

LANDBANK's Corporate Social Responsibility (CSR) Statement

LANDBANK’s Corporate Social Responsibility embodies its commitment to the

institution’s social mandate with programs and activities that contribute to a better, safer
and more progressive society, redounding to an improved quality of life for people of the
present and future generations.

As a major catalyst in countryside development, our operations are anchored on the five
(5) Sustainability Cornerstones of LANDBANK—(1) Enterprise Development, (2)
Community Development, (3) Environmental Protection and Management, (4) Customer
Service and (5) Employee Development—on which we continue to build and align our
sustainability efforts that uphold the principles of responsible corporate citizenship.

These principles are aligned with the “Sustainability Reporting Guidelines and Financial
Services Sector Supplement” of the Global Reporting Initiative (GRI):
Engaging Stakeholders in Environmental Responsibility

LANDBANK commits to innovative products and services that allow the Bank and our
clients to fulfil our sustainability and environmental protection goals in business lines,
lower our carbon footprint, and promote ecological enhancement. Our Corporate
Environmental Policy reiterates the incorporation of environmental management
practices in all our operations, services and decisions.  

Our Environmental Policy on Credit Delivery ensures that all financed projects are
environmentally sound and compliant with all environmental laws, while our Green
Procurement good practices serve as the Bank’s supplemental guide in setting
standards in evaluating products and services.

Improving Lives Across the Nation

In line with our vision of being the dominant financial institution in countryside
development, LANDBANK continues to fuel economic activity in the rural areas by
supporting mandated clients and priority sectors, spurring economic growth in rural and
agricultural areas as the chief provider of financial and technical assistance.

We retain our leadership by sustaining excellent customer service through our efficient
and cost-effective service operations, our maintenance of a substantial portion in our
loan portfolio for priority sectors, and our continuing support to development assistance
programs of the national government.

Banking on a Healthy Environment

Inherently integrated in LANDBANK’s mandate and company culture, our sustainability

efforts are embedded in our mission to deliver innovative products and services that are
consonant with ecological enhancement while effectively addressing our clients’ needs.
Our various environmental programs are geared toward the protection of natural
resources, energy conservation and proper waste management, among others.

The environmental sustainability strategy of LANDBANK is founded on three goals: (1)

To evaluate and manage our environmental footprint in our daily operations; (2) To
deliver products and services that are ecologically sound and compliant with applicable
environmental laws; and (3) To support climate change mitigation and adaptation
undertakings.

Nurturing our Most Important Resource

LANDBANK provides for the professional development and care of our human capital.
We encourage growth by providing capability-building programs and granting every
employee access to fair and equal opportunities for training and development.

We safeguard occupational health and safety through full compliance with relevant
standards.

Championing Human Rights in the Quest for Prosperity

We champion human rights by performing our duties and responsibilities with full
courtesy and respect, without prejudice to race, religion, regional or ethnic origin,
gender or political affiliation. We prioritize the protection of human life within and outside
of our organization.

We protect our people through the administration of adequate security coverage for the
Bank’s personnel and clientele against unlawful acts, harm, damage, loss, and
compromise. We practice non-discrimination in hiring and granting professional
advancement opportunities and uphold the rights of our employees to associate with
and participate in a public sector union.

Promoting Social Justice and Sustainable Development

We have established a well-defined governance structure consistent and compliant with

all government policies and applicable laws, with current corporate governance rules
and regulations, and with globally-accepted standards and principles of good
governance.

We adhere strictly to civil service rules, and address and mitigate corruption through the
implementation of rules on administrative cases, a strict implementation of the Code of
Conduct for Public Officials and Employees, and adherence to the provisions of anti-
corruption laws. We also expect all our employees to comply strictly with our Code of
Ethics.

Serving Customers with Excellence and Integrity

LANDBANK ensures excellence in customer service through full disclosure of the

features, terms and conditions of our products and services that complies with all laws
and rules of government regulatory bodies. We provide timely financial and technical
support for our mandated clients and make pertinent product and service information
easily available to them.

As a financial institution, we make sure that compliance testing is an established

procedure that ensures the management of pertinent risks and compliance with
applicable laws, rules, and regulations. We enhance customer service and reinforce the
culture of quality, excellence and continued improvement by institutionalizing and
adopting Quality Management Systems (QMS) in our banking processes.

We strictly adhere to the requirements of the Anti-Red Tape Act (ARTA) to improve
efficiency in the delivery of services to the public by reducing bureaucratic red tape and
preventing graft and corruption. All LANDBANK personnel are guided by the principles
of professionalism and integrity, and abide by the Code of Conduct for Employees and
ARTA.