LANDBANK OF THE

PHILIPPINES
Established on August 8 1963
 Vision:
By 2023, LANDBANK shall be leading universal
banks 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 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
. LandBank of the Philippines (LBP) the ’’bank’’ was established
on August 8 1963 under the Agricultural Land Reform Code (
Republic Act no.3844) to finance the acquisition and distribution
of agricultural estates for division and re – sale to small
landholders and the purchase of landholding by agricultural
land tenants . In July 1973 under the Presidential Decree No. 251
the bank became the first universal bank by charter and was
granted expanded commercial banking powers to sustain its
social mission of spurring countryside development
PD NO.251 Empowered the bank to grant loans to agricultural,
industrial home building or home financing projects and other
productive enterprises and enabled the bank to extend credit
assistance to farmers cooperatives and associations to facilitate
the production and marketing of crops and the acquisition of
essential commodities. In 1990 the government transferred to the
bank the primary responsibility of determining land valuation
and compensation for land acquisition which was previously the
function of the Department of Agrarian Reform.
 Milestone in Corporate Existence
1.Republic Act 3844 (Agricultural Land Reform Code)- August 8
1963 created the LandBank of the Philippines 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

2.Adoption By Laws and Creation of the Board of Trustees –

adopted by laws established the first organization chart and manual
operations in 1965.
- formed the board of trustees with the secretary of finance as
3.Pesidential Decree 27(Tenant Emancipation Act – October 21
1972 – emancipation of tenant farmers to private agricultural
lands devoted to rice and corn under a system of share crop of
lease tenancy whether classified as landed estate or not.
Value of land transferred to tenant farmers at 2 ½ times the
average
4.Presidential Decree 251( Revitalizing LandBank ) July 21 1973
- Because LBP was deficient and inadequate both in capitalization
and organization structure to meet the implementation
requirements of Agrarian reform bank revitalized .
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) – July 8
1982
- to adopt an integrated approach in the provision of
financial assistance to AR farmer beneficiaries single
institution is preferred.
 7.Executive Order 229 (CARL) – July 22 1987
-created the Presidential Agrarian Reform Council(PARC) as the highest
policy making and coordinating body of the Comprehensive Agrarian
Reform Program(CARP) ton ensure timely and effective delivery of
necessary support services.

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

- Broadened to the coverage of agrarian reform to include all
public and private agricultural land including other lands of the
public domain suitable for agriculture .
9.Executive Order 405(CARP LAND VALUATION) – June 14 1990
Transferred the primary responsibility of determining land
valuation and compensation

10.Republic Act 7907(AMENDED LBP CHARTER)

February 23 1995
- increased authorized capitalization to 9 billion Php
-established LBP as an official government depository
- increased the member of board of directors
11.Executive Order 267(CARL) July 25 1995
- National Government to issue Agrarian Reform(AR) bonds to be
used by LBP for land transfer payments
- segregation of the accounts of CARP related transactions from
the books of LBP
- CARP accounts and AR bonds were previously part of LBP books
and adversely affected LBP’s financial position.
12.Increase of Authorized Capital – August 25 1998
-Authorized capitalization increased to 25 billion Php by the
Department of Finance and the President of The Philippines .
Corporate Social Responsibility Statement
Landbank corporate social responsibility embodies its commitment
to the institution’s social mandate with the programs and activities that
contribute to a better safer and more progressive society, redounding to
and improve quality of life for people of the present and future
generations.
Five Sustainability Cornerstone of Landbank
1. Enterprise Development
2. Community Development
3. Environmental Protection and Management
4. Customer Service
5. Employee Development
Principles Aligned with the Sustainability Reporting
guidelines and Financial Services Sector Development
1.Engaging Stakeholders in Environment Responsibility
Landbank commits to innovate products and services that allow the
bank and clients to fulfil their sustainability and environment protection
goals in business lines, lower carbon footprint and promote ecological
enhancement.
Their Environment Policy on Credit Delivery ensures that all financed
projects are environmentally sound and complaint with all environment
laws.
Their Green Procurement good practices serve as the Bank’s
supplement guide in setting standards in evaluating products and
services.
2. Improving Lives Across the Nation
They 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.
3.Nurturing most important resource
Landbank provides for the professional development and
care of human capital, encourage growth by providing capability
building programs and granting every employees access to fair and
equal opportunities for training and development.
4.Banking on a Healthy Environment
Environmental programs are geared toward the
protection of natural resources energy conservation and
proper waste management among others.

1. To evaluate and manage our environmental footprint in

our daily operations
2. To deliver products and services that are ecologically
sound and complaint with applicable environmental laws.
3. To support climate change mitigation and adaptation
undertakings.
5. Championing Human Rights in the Quest of Prosperity
By performing their duties and responsibilities with full
courtesy and respect without prejudice to race, religion, regional,
or ethnic origin, gender or political affiliation.

6.Promoting Social Justice and Sustainable Development

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.
7.Serving Customer with Excellence and Integrity
It ensures excellence in customer service through the disclosure
of the features, terms and conditions of their products and
services that complies with all laws and rules government
regulatory bodies.
Composition of the Board of Directors
• Secretary of Finance
• Landbank President and CEO
• Secretary of Agrarian Reform
• Secretary of Labor and Employment
• Secretary of Agriculture
• 2 Representatives of Agrarian Reform Beneficiaries
• 2 Representative from the private sector
Major Rules of
Landbank
 Animplementing agency of CARP involved in land
evaluation, compensation to owners of private
agricultural lands and collection of amortization from
CARP farmer beneficiaries
 Provisionof credit assistance to small farmers and
fisherfolk and ARBS.
 An official depository of government funds
A government bank with social mandate to spur
countryside development .
LANDBANK SUBSIDIARIES AND AFFILIATES :

1. LBP Leasing Corporation

2. LBP Insurance Brokerage
3. LBP Resource and Development Corporation(
former landbank Realty Development Corporation
4. Masaganang sakahan inc.
5.LBP Countryside Development Foundation Inc.
6.LBP service Corporation
7. Overseas Filipino Bank
Product and Services
1 .Overseas Filipino ATM account – card based type of
savings account intended primarily to Overseas Filipino
and their beneficiaries. Opening amount and maintaining
balance is Php.100. Issued in two forms generic and
personal.
• Generic Card – is issued by LBP Overseas Officers and
the other Org designated personnel upon application .
• Personal Card- are issued by Landbank branches with
the account holders name embossed in the card.
2. OFW Passbook Account – passbook based savings
account available at LBP branches. It can be opened
by the Overseas Filipino or his/her designated
beneficiary. Opening amount is Php 100. but
average Daily Balance required is Php 5000.
3. US Passbook Account- passbook based USD Savings
Account available at LBP Branches. It can be opened
by the Overseas Filipino or his/her designated
beneficiary. Opening amount is USD 10.00 but
average daily balance is required in USD 10.00
Deposit to this account is represented in US Dollars
and other currency is not accepted.
Cards
*ATM SAVINGS ACCOUNT
-an interesting bearing peso savings account
wherein deposit transactions are done over the
counter or thru cash deposit machine (CDM) while
withdrawal transactions are done via Automated
Teller Machines (ATM)

*LANDBANK CASH CARD

an electronic debit card that utilizes the sored value
system and like the ATM Card operates on magnetic
stripe technology with PIN based protocol.The Cash
Card is special product for institutional clients.
*LANDBANK CREDIT CARD
-provides the means for the cardholder provides
the means for the cardholder to conveniently and
safely make cashless purchases from MasterCard
accredited merchants and facilitate cash advance.

*LANDBANCK E CARD is a multi access multi purpose

ATM card
*LANDBANK EMV(enabled visa debit card)
Is landbank newest card product secured by EMV chip
technology that allows you to shop online,pay bills
and purchase over the phone via email.
RFID (radio frequency identification card
-a chip embedded indentification card with stored
personal information incorporated in any of the
banks card products.
LandBank Remittances Services (
remittances partners)
 Direct Credit to Landbank accounts
 Credit to the other banks account
 Cash pic up via any landbank branch
 Cash
pick up via Partner Paying agents ( Palawan
Pawnshop , Lbc, Bank of Commerce, RD Pawnshop
Puregold)
 SMS Notification
Audit
The bank shall formulate and implement progressive
auditing rules and regulations designed to expedite the
operations of the bank to and prevent the occurrence of
delays and risk incident its processes.
External Auditor
The Chairman of the commission on audit shall act at
the ex-officio auditor of the bank as such as he is
empowered and authorized to appoint a representative
who shall be the auditor in charge of auditing office of
the bank.
Internal Auditor
shall provide independent, objectives assurance
and risk based audit services designed to add value
and improve the banks operations.
1. Assurance Service- an objective examination of
evidences for the purpose of providing an
independent assessment of governance risk
management and control processes of the bank.
2.Consulting Services – advisory and related client services the
nature and scoop of which are agreed with the client are intended
to add value and improve the banks governance , risk
management and control processes without the internal auditor
assuming management responsibility.

3.Special/Fraud Audit – the gathering of sufficient information

about specific details and performing those procedures necessary
to determine whether fraud has occurred the loss of exposures
associated with the fraud who was involved and the fraud scheme.
IAG assists in fraud investigation by conducting fact finding
engagement.