Corporate Profile

Company Profile

Sector: Financials
Industry: Banking
Sub-Industry: Banks
Land Bank of the Philippines operates as a bank. The Bank provides
commercial banking services and offers services to farmers, small and
medium-sized enterprises, agribusiness, infrastructure, and environmental
projects.

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 Nos.:
+63 2 522-0000; 551-2200; 450-7001
Fax No.:
+63 2 528-8580
Website:
www.landbank.com
Contact Email:
[email protected]
Swift Code:
TLBPPHMMXXX
Nationality:
100% Filipino Ownership
Founding Date:
Thursday, August 8, 1963
Ownership:
GOVERNMENT OF THE PHILIPPINES, 100% National Gov't P11.97 Billion
Common Shares
Principal Activity:
Specialized Government Bank with universal banking license
Network:
376 Branches, 41 Lending Centers and 1,694 ATMs (as of 30 September 2017)
Board of Directors and Management
Team
BOARD OF DIRECTORS

Sec. Carlos G. Dominguez

Secretary - Department of Finance

Mr. Alex V. Buenaventura

President and CEO - Land Bank of the Philippines

Sec. Emmanuel F. Piñol

Secretary - Department of Agriculture
 Sec. Silvestre H. Bello III
Secretary - Department of Labor and Employment

Rosalina L. Bistoyong
Secretary - Department of Agrarian Reform

Mr. Virgilio DV. Robes

Representative - Agrarian Reform Beneficiaries Sector

Mr. Crispino T. Aguelo

Representative - Agrarian Reform Beneficiaries Sector

Jesus V. Hinlo, Jr.

Representative - Private Sector
 Rodolfo Villanueva Puno
Representative - Private Sector

MANAGEMENT TEAM

Mr. Alex V. Buenaventura

President and CEO - Office of the President

Mr. Julio D. Climaco, Jr.

Executive Vice President - Corporate Services Sector
 Mr. Edward John T. Reyes
Executive Vice President - Agricultural and Development Lending Sector

Mr. Alan V. Bornas

Executive Vice President - Operations Sector

Mr. Liduvino S. Geron

Executive Vice President - Branch Banking Sector
 Mr. Carel D. Halog
Executive Vice President - Treasury and Investment Banking Sector
GUIDING PRINCIPLES OF LANDBANK
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.

MAJOR ROLES OF LANDBANK

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.

CORPORATE ENVIRONMENTAL POLICY

In pursuit of its role as the dominant financial institution in countryside
development,LANDBANK shall adhere and actively promote environmental protection and
sustainable 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
Adopt-a-watershed
Towards this end, LANDBANK shall

COMPLIANCE

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 management.

COMMUNICATION

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 operations.

CONTINUAL IMPROVEMENT

Commit to continuously review and improve its environmental programs in response to

changing needs and conditions.

HISTORY
MILESTONES IN CORPORATE EXISTENCE
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
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
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
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
Reorganization - 1977
LBP formed three major sectors - Agrarian, Banking and Operations to strengthen
operations and ensure long-term viability
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
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.
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.
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.
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
 Members:
Secretary of Agrarian Reform.
Secretary of Labor.
Secretary of Agriculture.
2 Representatives of Agrarian Reform Beneficiaries.
2 Representatives from the Private Sector.
Executive Order 267 (CARL) - 25 July 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's books and adversely affected
LBP's financial position (leverage and capital adequacy ratios).
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.
 LANDBANK OF THE PHILS.
PRODUCTS AND SERVICES

SME CREDIT FACILITY

 Exporters Production Support Facilities

We support your export business operations through the following:Export Packing Credit Line

 Term Loan Facility

We finance your business' capital expenditures:Term Loan

 Working Capital and Liquidity Support Facilities

We help you and your business in your daily business operations through the following:Short

Term Loan Line

DEVELOPMENT LENDING PROGRAMS

 Agrarian Production Credit Program (APCP)

The Agrarian Production Credit Program was developed pursuant to the CARPER Law in

partnership with the Department of Agriculture (DA) and Department of Agrarian Reform (DAR).

 Agricultural and Fisheries (AFFP) Financing Program

 Pursuant to the 2013 General Appropriations Act, P1.0 billion shall be used to implement a

flexible credit facility for small farmers and fisherfolk who are registered in the Registry System

for Basic Sectors in Agriculture (RSBSA), which is intended to serve as an alternative to the

rigid and stringent credit facilities usually provided by banks.

 Agricultural Credit Support Project (ACSP)

ACSP is LANDBANK’s credit project that provides credit and non-credit support to agriculture

and agri-related projects that may need additional capital to increase production or expand

operations.

 ASENSO Program

A program jointly implemented by different GFIs in support of the National SME Development

Plan.

 Brightness Program

A credit facility that will accelerate rural electrification through provision of financing support to

the power industry.

 BUILDERS Program

Bringing Urbanization and Innovations thru LandBank's Diverse Engineering Resources Support

(BUILDERS) Program.

 CLEECP Program
 Re-lending program to increased energy efficiency and climate protection in the Philippines and

to significantly reduce the direct consumption of primary energy (e.g. diesel, coal, gas) and

direct greenhouse gas emissions.

 Community-Based Forest and Mangrove Management Project (CBFMMP)

Community-Based Forest and Mangrove Management Project (CBFMMP)

 Countryside Financial Institutions - Calamity Assistance Program (CFI-

CAP)

A joint program of BSP, PDIC and LANDBANK which provide credit assistance to eligible banks

whose loan portfolio were affected by natural calamities.

 Credit Assistance for Cacao Agri-Business and Other Organizations

(CACAO 100) Program

To increase agricultural productivity through inter cropping of cacao in coconut areas or planting

in idle lands.

 H2OPE (Water Program for Everyone)/Water District Loan Program

H2OPE (Water Program for Everyone)/Water District Loan Program.

 HARVEST - ESMF and ESA

HARVEST Environmental and Social Assessment Report

 Integrated Support for the Development of Aquaculture (ISDA) Program

 A growership program for fisheries anchored on institutional buyers or processors linked with

small fisherfolk and SMEs as growers”

 Kalikasang Kabuhayan para sa WAstong PamaYanan (KAWAYAN) Program

A program that will promote as source of livelihood or business to cooperatives, farmer

associations, SMEs, NGOs, Agri-business Entities and Local Government Unit.

 LBP CaReS (Calamity Rehabilitation Support Program)

Calamity Rehabilitation Support (CARES) Program.

 Lending Program for State Universities and Colleges (SUC)

Credit facility available to qualified SUCs to enable them to support infrastructure expansion and

other income-generating development/ agri-related programs.

 LGU Investment Program (LIP)

Re-lending program to Local Government Units (LGUs).

 LGU Investment Program 1 (LIP 1)

Re-lending program to Local Government Units (LGUs)

 LGU Investment Program 2 (LIP 2)

Re-lending program to Local Government Units (LGUs)

 LGU Lending Program

Credit facility to finance local infrastructure and other socio-economic development projects in

accordance with the approved local development plan and public investment program.

 LGU Support Credit Program (LGUSCP)

Re-lending program to Local Government Units (LGUs).

 Masustansyang Inumin para sa Likas na Kalusugan (MILK) Program

The MILK program is aimed at further improving the local milk production, save precious dollars

from imported milk and nourish the well-being of every Filipino.

 Microfinance Program for Microfinance Institution-Retailers

Provides credit assistance to Barangay Micro Business Enterprises and the poor sector through

eligible MFIs.

 MWMP Environmental & Social Safeguards Documents

MWMP Environmental & Social Safeguards Documents.

 OFW Reintegration Program (OFW-RP)

A program that will provide opportunities for OFWs to engage in business as alternative to

overseas employment.

 REWARD/Electric Vehicle Project

 Financial assistance to entities that will engage in Renewable Energy projects in support to

national government’s call to develop alternative energy sources.

 SSS Business Development Facility

A lending facility designed to contribute to the nation’s economic growth and development by

providing financial assistance to the business sector for the purpose of increasing productivity

and enhancing potential earnings through expansion, diversification and other business

development projects.

 SSS Social Development Facility

A lending facility designed to provide long-term loan assistance for the development of facilities

and establishments of institutions that provides quality education or other academic training

programs and affordable medical or health care related services to the general population and

to SSS members and their dependents.

 Step-up Loan Program

The program offers a short-term loan for working capital to eligible Partner Financial Institutions

(PFIs) which have established satisfactory credit relationship with the bank.

 Support for Strategic Local Development Investment Project (S2LDIP)

Re-lending program for Local Government Units (LGUs); Public Utilities and Private Operators

providing local infrastructure services (in partnership with the LGU).

AGRARIAN
 Agrarian Reform Program
 A program designed by the Government to promote equitable distribution and ownership of

land, with due regard to the rights of landowners or just compensation and to p

 Assistance to Agrarian Reform Beneficiaries (ARBs)

 Assistance to Landowners
 Bond Transactions
 Land Transfer Claims

LANDBANK, as one of the CARP Implementing Agencies (CIAs), undertakes the following

activities: Processing, Valuation, and Approval of land transfer claims involving lands covered

by the various Agrarian Reform Laws to wit:

 Special Lending Windows for Landowners and Bondholders

LOANS FOR FARMERS AND FISHERS

 Agricultural and Fishers Financing Program

The LANDBANK Agricultural and Fisheries Financing Program (AFFP) provides small farmers

and fishers access to formal credit to finance their economic activities.

 Agricultural Credit Support Project

The Department of Agriculture, Department of Agrarian Reform, Department of Environment

and Natural Resources and Land Bank of the Philippines partnered to provide cre

 DA Sikat Saka Program

The DA Sikat Saka Program offers a direct credit window from LANDBANK and integrated

support from the Department of Agriculture to small palay farmers to improve their
 HOUSING AND MORTGAGE PROGRAMS
 Bahay Para sa Bagong Bayani (3B Program)

Program crafted to improve the living condition of OFWs through the provision of shelter or

improvement/ renovation on their existing abode at relaxed and flexible terms.

 Bahay Para sa Bagong Bayani (3B)

Eligible Borrowers

 Easy Access to Shelter You (EASY) Home Loan Program / Gintong

Pabahay Program

Easy Access to Shelter You (EASY) Home Loan Program.

 Easy Home Loan

Eligible Borrowers

 End Buyer's Tie-Up Facility

Eligible BorrowersIndividuals/End-buyers of properties from:

 End-Buyers Financing Tie-up with Developers Program

Credit assistance to the buyers of socialized, low-cost and medium cost housing units from the

LBP-accredited Developers
 BUSINESS LOAN
 Disclosure of Methane Recovery from Wastes Management Program -
ESMF

This Safeguards Framework Manual of the Carbon Finance Support Facility (CFSF) was

developed to serve as LBP's guidebook in the developing and implementing of Clean De

EQUITY INVESTMENT PROGRAM

 Equity Infusion Program

LANDBANK equity investment programs offered to eligible CFIS [i.e. cooperative banks (coop

banks), rural banks (RBs) and thrift banks (TBs)].

 Strengthening Program for Cooperative Bank Plus (SPCB Plus)

The SPCB Plus is an incentive program which seeks to encourage mergers, consolidations and

acquisition of cooperative banks (CBs) to strengthen the cooperative banking sector of the rural

banking system, via grant of regulatory reliefs by BSP and Financial Assistance by PDIC and

LBP.

 Unsecured Subordinated Debt Facility

Aims to improve the risk-based capital adequacy ratio (RBCAR) of participating CFIs via LBP

subscription to their Lower Tier 2 notes issuance.

PERSONAL LOAN
 LANDBANK Home Loan Program
 LOANS TO FARMERS AND FISHERS
 LANDBANK Loans to Farmers
 LANDBANK Loans to Fishers

SME AND MICROFINANCE

 SME Credit Facility
LANDBANK Loans to Farmers

DA SIKAT SAKA PROGRAM

The DA Sikat Saka Program offers a direct credit window from LANDBANK and
integrated support from the Department of Agriculture to small palay palay farmers to
improve their creditworthiness and the viability of crop production.

AGRICULTURAL CREDIT SUPPORT PROJECT

Contributing to the National Government's goal of poverty reduction, the Agricultural

Credit Support Project (ACSP) offers loan funds toward increasing investments,
creating new job opportunities, and improving agricultural productivity in the rural areas.
The ACSP provides credit support to agriculture and agri-related projects within a value
chain.

Let LANDBANK's ACSP help you meet your financial needs in agribusiness, be it for
your additional capital, production increase, or operational expansion.

AGRICULTURAL AND FISHERS FINANCING PROGRAM

The LANDBANK Agricultural and Fisheries Financing Program (AFFP) provides small
farmers with fishers access to formal credit to finance their economic activities. The
AFFP is being implemented in partnership with the Department of Agriculture (DA) and
the Agricultural and Credit Policy Council pursuant to the General Appropriations Act of
2013.
LANDBANK Loans to Fishers

AGRICULTURAL CREDIT
SUPPORT PROJECT

Contributing to the National Government's goal of poverty reduction, the Agricultural

Credit Support Project (ACPC) offers loan funds toward increasing investments,
creating new job opportunities, and improving agricultural productivity in the rural areas.
The ACSP provides credit support to agriculture and agri-related projects within a value
chain.

Let LANDBANK's ACSP helps you meet your financial needs in agribusiness, be it for
your additional capital, production increase, or operational expansion.

AGRICULTURAL AND FISHERS FINANCING PROGRAM

The LANDBANK Agricultural and Fisheries Financing Program (AFFP) provides small
farmers with fishers access to formal credit to finance their economic activities. The
AFFP is being implemented in partnership with the Department of Agriculture (DA) and
the Agricultural and Credit Policy Council pursuant to the General Appropriations Act of
2013.
LANDBANK Home Loan Program

The LANDBANK Housing

Opportunities Made Easy (HOME) Program is a lending program that caters to both
homebuyers and home developers. It offers the following facilities:

1. Easy Home Loan;

2. End-Buyers Tie-Up; and
3. Bahay para sa Bagong Bayani

Let LANDBANK help you build or acquire your home, or if you are a developer, let us
help you grow your business by supporting your housing projects or financing your
clients' home acquisition or construction.

 EASY HOME LOAN

o Easy Home Loan helps you buy or construct your
dream house. It also allows existing homeowners
to refinance their current and existing home loan
 from other banks or financing firms or developers'
in-house financing.
 END BUYER'S TIE-UP FACILITY
o The End-Buyyers Tie-Up Agreement helps you
buy or construct your home through an accredited
developer. It also helps developers grow their
business by supporting their housing projects or
financing their client's home acquisition or
construction, after an accreditation process.
 BAHAY PARA SA BAGONG BAYANI (3B)
o A special lending program designed for Overseas
Filipino Workers (OFWs). LANDBANK's Bahay
para sa Bagong Bayani program allows OFWs to
acquire, build or renovate their own homes at
relaxed and flexible terms.
Institutional Trust Services
1. Escrow Agency

LANDBANK Trust Banking Group as an Escrow Agent acts as third and impartial party to
intervene or to hold in escrow contracts involving money, securities, property titles or documents
in order to secure faithful compliance by either or both parties with the terms of the contract.

• Buy and Sell Escrow

• BIR Capital Gains Tax

• POEA Escrow

• DENR Escrow

2. Employee Retirement Plan (ERP)

LANDBANK Trust Banking Group is appointed by the employer to manage and administer the
employee retirement fund of the company for the purpose of providing retirement
package/benefits for its loyal employees as mandated by R.A. 7641 and R.A. 4917.

3. Mortgage Trust Indenture (MTI)

LANDBANK-Trust Banking Group holds a pool of properties, real estate and/or chattel mortgage
in behalf of creditors. Mortgage Participation Certificates are issued to represent the
proportionate share of creditors on the collateral pool.

4. Facility and Loan/Paying Agency

The LANDBANK-Trust Banking Group acts as intermediary between the Borrower/Issuer and a
syndicate of Lenders/Noteholders in accordance to the Loan/Notes facility. The Facility Agent is
appointed as such to centralize the monitoring and the administration of the Notes Facility,
ensuring that payments due under the Notes are settled promptly, reports are submitted as
stipulated in the Agreement and to a certain extent, ensures that terms and conditions of the
Agreement are faithfully complied by all parties.

LANDBANK – Trust Banking Group may be engaged as Paying Agent to ensure disbursement
of periodic interest to creditors/lenders
5. Asset-Backed Securitization/Special Purpose Trust

A special purpose trust is an arrangement available in asset-backed securitization wherein the

institution converts or sells its illiquid assets or cash flow to provide financial flexibility.

Asset backed securities are created from the pooling of identified assets and then sold to
interested investors on a discounted basis. The Sellers/Originators of the asset backed
securities benefits from the sale because they acquire additional funding, lower financing costs
and tap secondary market for these instruments.

The Special Purpose Trustee issues securities to the investors from the cash flows of the assets
and distribute the collections to the investors up to the maturity of the issued securities.

DISCLAIMER: LANDBANK-Trust Banking Group products and services are trust investments.
They are not deposits and are not insured by the Philippine Deposit Insurance Corporation
(PDIC). Due to the nature of investment, yields and potential yield cannot be guaranteed.
Historical yields are purely for reference purposes and do not guarantee similar future results.

Any income and loss arising from market fluctuations and price volatility of the securities held by
the UITF, even if invested in government securities, is for the account of the Trustor/Investor.
The units of participation in the fund, when redeemed, may be worth more or be worth less than
the initial investment/contributions of the Trustor/Investor.

LBP-TBG, as trustee is not liable for losses unless upon willful default, fraud, bad faith or gross
negligence. Trustor/Investor must read the complete details of the fund in the Plan Rules, make
his/her own risk assessment, and when necessary, he/she must seek independent/professional
opinion before making an investment.

VISION
By 2018, LANDBANK will be the top universal bank that promotes inclusive growth
and improves the quality of life especially in the countryside through the delivery of
innovative financial and other services in all provinces, cities and municipalities.
MISSION
To Our Clients and Publics:
We will use the best technology solutions to deliver responsive financial and support
services to our clients, while promoting sustainable development, and environmental
protection.
To Our Employees:
We will develop and nurture talents that will exemplify the highest standards of
ethics and excellence consistent with the best in the world.