COMPANY HISTORY

•Founded on August 8, 1963 under Republic Act 3844 (Agricultural Land Reform Code).
- Established to finance the acquisition and distribution of agricultural estates to small landholders.

•1972: Presidential Decree 27 - Emancipated tenant-farmers, transferring ownership of agricultural lands.

LANDBANK collected land amortizations for 15 years.

•1973: Presidential Decree 251 - Revitalized LANDBANK, granting it universal banking powers to support agrarian
reform and countryside development.

•1988: Became the primary financial intermediary of the Comprehensive Agrarian Reform Program (CARP).

•1995: Officially designated as a government depository and expanded its capital to ₱9 billion.

•2016: Capitalization increased to ₱200 billion to support the government’s development goals.

•2020: Played a critical role in COVID-19 response, supporting industries with ₱27.5 billion in low-interest loans.

OUR 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.
OUR 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.

OBJECTIVES & GOALS

As a universal Bank with a social mission, LANDBANK endeavors to deliver quality, secure and responsive banking
services while promoting development and sustainability.

Toward this end, LANDBANK will:

 Promote a culture of service excellence, professionalism, and social responsibility across all ranks;
 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 we subscribe to; and ensure that financed
projects adhere to all environmental laws and regulations; and
 Continuously improve our integrated management system by incorporating applicable best practices
based on relevant ISO Standards.
 CORE VALUES & PHILOSOPHY
Our Core Values
LEAD

L - ove for Country Social Responsibility and Citizen-Centricity

E - mbody Excellence and Ethical Standards Integrity and Professionalism
A - dopt Disruptive Innovations Innovative Mindset and Collaboration
D - elight Customers
Proactive Service and Citizen-Centricity
PHILOSOPHY

Farmer finds success in agri-preneurship through science, thirst for learning

“A farmer has to be a scientist. You have to do a lot of observing. You don’t just plant and plant.” – This is the
philosophy that farmer-turned-agripreneur Ruben Ragas lives by.
His farm in Cabadbaran City, Agusan del Norte is proof of his careful and meticulous planning. All sections - from
the fish pond and livestock shed to the various vegetable plots - are strategically laid out for specific reasons. “It
has to be,” Ruben says. “For example, since the wind from the sea blows from the west, if we put the livestock
shed west of the house, the smell is going to go straight to our living room. Everything has to be thought out.”
Ruben is among the hundreds of small farmers who benefited from direct financing from LANDBANK through the
Agricultural Competitiveness Enhancement Fund (ACEF). The ACEF Lending Program is implemented by LANDBANK
in partnership with the Department of Agriculture to help increase the productivity of farmers, fishers, and their
cooperatives and associations, as well as MSMEs, through credit assistance. Since the Program was launched in
2018, the Bank has so far released P154.29 million in loans to more than 400 borrowers.

Continuous learning
Determined to improve his knowledge and skills, Ruben continuously attended seminars and technical courses
related to farming. His one-year stint with the Federation of Agrarian Reform Communities further taught him
basic knowledge and skills on effective farming and efficient marketing strategies.
Equipped with farm resource and basic entrepreneurial experience, Ruben hoped to further grow their family’s
livelihood. Through LANDBANK-assisted Baug CARP Beneficiaries Multi-Purpose Cooperative (BCBMPC) in
Magallanes, Agusan del Norte, Ruben was able to buy seedlings and farm-inputs from a P15,000-loan from the
coop. Over the next few years, he went to BCBMPC for more capital, including a P50,000 loan, to help him buy
another half-hectare of land. He has also since then diversified into raising tilapia and various livestock.
Before venturing into diversified and organic farming, his family’s income was so small. Ruben recalls how they
used to live in a wood and nipa house with no concrete floor. His farm also used to be overrun with tall grass and
the land so infertile.
Today, his integrated farm is planted with a variety of vegetables, fruits, and root crops. He also raises native
chicken, turkey, goats, and cows; and he produces tilapia, dalag, and other native freshwater fish. He remains
methodical as he implements organic farming – with the manure of his livestock and left-over vegetables allowed
to naturally decompose for use as fertilizer; while the urine from his goats are for later use as plant insect repellent
and fungicide.
In 2018, Ruben availed of the ACEF loan from LANDBANK, hoping to further expand his farm. Less than four
months after the release of the loan, Ruben and his family launched The Ragas Farm where visitors are allowed to
pick their choice of fruits and vegetables and buy them at significantly cheaper prices than retail market price.
Aside from working capital for vegetable production, LANDBANK also provided Ruben with a term loan for the
improvement of his farm which includes the building of a training hall and a drilled well for their farm irrigation.
Through his methodical farming and the financial support provided by LANDBANK through the ACEF Fund, The
Ragas Farm is now a major producer of farm-fresh vegetables. It is also fast becoming a major agri-tourism site –
attracting visitors from different municipalities and serving as a venue for technology trainings for various small
farmers.
Ruben is now also an educator and life coach sought after by institutions to conduct lessons and seminars for
aspiring agri-entrepreneurs. For his accomplishments in farming and inspiring drive to succeed, Ruben was
awarded by LANDBANK as “Ulirang Magsasaka” in the 2015 Gawad sa Pinakatanging Kooperatiba

INTERNAL
Employees working within the company

BOARDS OF DIRECTORS

1. Ralph Gonzalez Recto- is the current Secretary of the Department of Finance (DOF) and Member of the
Monetary Board, the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP), representing the
government.(Secretary - Department of Finance)

2. Ma. Lynette V. Ortiz- assumed her post as the 11th President and CEO of the Land Bank of the Philippines on 24
May 2023 following her appointment by President Ferdinand R. Marcos, Jr.With over 30 years of experience in
banking and finance, Lynette held various senior roles in Risk Management, Treasury, Corporate Finance and
Capital Markets in foreign and local institutions.(President and CEO)

3. Bienvenido E. Laguesma-is the current Secretary of the Department of Labor and Employment (DOLE),
committed to provide responsive support interventions for Filipino workers, especially those in rural and far-urban
areas. He also serves as ex-officio member of the LANDBANK Board of Directors. (Secretary - Department of Labor
and Employment)

4. Francisco "Kiko" P. Tiu Laurel shares the vision of President Ferdinand R. Marcos Jr. to modernize the
agriculture sector, uplift the lives of farmers and fishers, and ensure food security for Filipinos.Secretary Laurel
formally assumed office as Secretary of the Department of Agriculture and Ex-Officio member of the LANDBANK
Board on 05 November 2023.(Secretary - Department of Agriculture)

5. Conrado Masonsong Estrella III- was appointed by President Ferdinand 'Bongbong' Marcos Jr. as the new
Secretary of the Department of Agrarian Reform (DAR), a farm advocate as influenced by his late grandfather,
Conrado F. Estrella Sr., that held the same post during the administration of former President Ferdinand E. Marcos
Sr.
Under Secretary Estrella’s leadership, the DAR and the LANDBANK Board of Directors approved on September 28,
2022, the landmark Joint Administrative Order providing the implementing rules and regulations (IRR) for
Executive Order No. 4 Series of 2022, which declares a moratorium on the payment of land amortization and
interests for agrarian reform beneficiaries (ARBs) who received agricultural land under the Comprehensive
Agrarian Reform Program (CARP).(Secretary - Department of Agrarian Reform)

6. Atty. David D. Erro- is a renowned expert in agrarian reform, land matters, and the challenges faced by both
farmers and landowners—making him an integral member of the LANDBANK Board of Directors representing the
Agrarian Reform Beneficiaries Sector.He was previously appointed as Undersecretary of the Department of
Agrarian Reform (DAR) in 2016, and served as OIC-Secretary until the end of the Duterte Administration.
(Representative - Agrarian Reform Beneficiaries Sector)

7.Virginia N. Orogo-A professional social worker, Director Orogo has a Bachelor's degree in Social Work from La
Concordia College and a Diploma in Social Work from the University of the Philippines. She has also taken multiple
skills enhancement programs, including a Certificate in Tourism Projects in Rural Areas from the Development
Study Center in Rehovot, Israel; a Certificate in Social Entrepreneurship and Enterprise Development from the
Asian Institute of Management; and training in Developmental Marketing & Alternative Trading from the
Development Academy of the Philippines, among others. Director Orogo now represents the Agrarian Reform
Beneficiaries Sector as part of the LANDBANK Board of Directors. (Representative - Agrarian Reform Beneficiaries
Sector)
8.Nancy D. Irlanda-is the first female to be appointed by the President of the Republic of the Philippines as
Independent Director on the Landbank Board. She was initially designated by Former President Rodrigo R. Duterte
in 2018 and was reappointed by President Ferdinand R. Marcos, Jr. in 2023. Pres. Marcos again appointed her in
April of 2024.(Representative - Private Sector)

MANAGEMENT TEAM

1.Liduvino "Boobie" S. Geron- has spent more than two decades in LANDBANK, holding various positions that
equipped him with the experience and competence to lead the Bank’s National Development Lending Sector.

From a management trainee in 1994, he rose from the ranks and has headed different units, including the Bank’s
Visayas Branches Group, Lending Program Management Group, Credit Policy Department, Strategic Planning
Group, and, most recently, the Branch Banking Sector. (Executive Vice President - Branch Banking Sector)

2. Alex A. Lorayes-has served the Bank’s different sectors before being appointed as Head of the Corporate
Services Sector. Starting as a Project Analyst in 1988, he climbed the ranks through his exposure to agrarian
operations, lending and credit management, and branch banking operations(.Executive Vice President - Corporate
Services Sector)

3. Leila S. Martin-returns to LANDBANK as the new Head of the Digital Banking Sector (DBS) effective January 3,
2023.She was previously appointed as the President and CEO of the OFBank since October 1, 2019. Prior to her
appointment in the LANDBANK subsidiary, she was the Head of LANDBANK North NCR Branches Group. Her skills
merited awards of excellence in the fields of audit management, branch banking operation, and project
management.(Executive Vice President - Digital Banking Sector)

4. Ma. Celeste A. Burgos-has more than three decades of credit expertise in the Bank, wherein she managed
various loan accounts of top corporations, mid-sized companies, government agencies, financial institutions, LGUs,
and cooperatives. She also played a key role in introducing innovations to enhance the quality of loan proposals
and maintaining strong banking relationships with clients.

(Executive Vice President - National Development Lending Sector)

5. Alan V. Bornas- provides executive supervision and control over the Bank’s Controllership, Banking Operations,
Banking Services, and Technology Management Groups.(Executive Vice President - Operations Sector)

6. Carel D. Halog-heads LANDBANK’s Treasury and Investment Banking Sector and is primarily responsible for the
overall management of the Bank’s trading and investment units. He also oversees the Bank’s funds, including
balance sheet and liquidity and reserve management, and ensures the timely delivery of these funds to support
the Bank’s business requirements.(Executive Vice President - Treasury and Investment Banking Sector)

EXTERNAL

LandBank is a government-owned and controlled corporation in the Philippines that primarily serves the
agricultural sector. Its external creditors are usually institutions that provide funding for development and
infrastructure projects, as well as the bank's general lending programs.
EXTERNAL CREDITORS

1. Multilateral Development Banks:

o World Bank: Provides loans and grants for various development projects, including agriculture,
rural development, and infrastructure.
o Asian Development Bank (ADB): Offers loans to support programs in rural development, poverty
reduction, and environmental sustainability.
2. Bilateral Agencies:
o Japan International Cooperation Agency (JICA): Offers concessional loans for projects like
agricultural productivity and rural development.
o Agence Française de Développement (AFD): Funds environmental and social development
projects.
o German Development Bank (KfW): Provides funding for renewable energy, rural development,
and infrastructure.
3. Export-Import Banks:
o Often partner with LandBank to fund specific sectors like infrastructure, agriculture, or
renewable energy.
4. Other Foreign and Local Financial Institutions:
o Various commercial and development banks may also provide external credit or co-financing for
LandBank initiatives.

EXTERNAL SUPPLIERS

1. Information Technology (IT) and Software Providers:

o Core Banking System Providers: Companies that supply and maintain banking software to
manage transactions, customer accounts, and other banking operations.
o Cybersecurity Firms: Suppliers providing security software and services to protect LandBank's IT
infrastructure.
o Cloud Service Providers: Partners offering data storage and cloud computing solutions.
2. Construction and Infrastructure:
o Contractors for the construction and maintenance of LandBank's branches and offices.
o Suppliers of office furniture, electrical systems, and other infrastructure materials.
3. Equipment Suppliers:
o ATM Manufacturers: Vendors supplying and servicing automated teller machines.
o Providers of office equipment such as computers, printers, and telecommunication devices.
4. Office Supplies and Utilities:
o Suppliers of office materials like paper, pens, and other consumables.
o Utility service providers for electricity, water, and telecommunications

5. Consultants and Professional Services:

o Legal, audit, and advisory firms offering specialized expertise.
o Marketing agencies managing LandBank’s advertising and public relations campaigns.
6. Logistics and Courier Services:
o Companies handling the secure transport of cash and documents between branches and to
clients
7. Training and Development Firms:
o Organizations providing employee training programs, leadership workshops, and certifications.

EXTERNAL GOVERNMENTS

LandBank collaborates with various foreign governments and their affiliated development agencies to secure
funding, technical assistance, and partnerships for developmental projects.
  Foreign Governments Through Development Agencies:
o Japan (via Japan International Cooperation Agency - JICA):

Provides concessional loans and grants for agriculture, infrastructure, and disaster resilience
projects.

o United States (via USAID):

Offers funding and capacity-building for initiatives like environmental conservation, microfinance,
and rural development.

o France (via Agence Française de Développement - AFD):

Supports sustainable development programs, particularly in environmental and renewable

energy projects.

o Germany (via KfW Development Bank):

Funds renewable energy, climate adaptation, and small- and medium-sized enterprise (SME)
development projects.

 Multilateral Collaborations:
o LandBank also works with international organizations such as the World Bank and Asian
Development Bank (ADB), often with support from multiple governments.

EXTERNAL CLIENTS

LandBank’s external clients include a mix of individuals, private entities, cooperatives, and public institutions.
These clients benefit from the bank’s financial products and services tailored to support development and inclusive
growth.

Individual Clients:

 Farmers, fisherfolk, and agrarian reform beneficiaries (ARBs) who receive loans, credit, and financial
advisory services.
 Rural workers and small-scale entrepreneurs seeking microfinance and livelihood support.

Cooperatives and Associations:

 Agricultural Cooperatives: Access financing for farm inputs, machinery, and facilities.
 Irrigators’ Associations: Receive funding for irrigation systems and water management projects.

Micro, Small, and Medium Enterprises (MSMEs):

 Entrepreneurs engaged in agriculture, agribusiness, or rural industries that require capital for expansion
or modernization.

Public and Private Institutions:

 Local Government Units (LGUs):

 o Access loans for infrastructure projects such as roads, bridges, and public markets.
o Financing for climate adaptation programs and disaster recovery.
 State Universities and Colleges (SUCs):
o Partner with LandBank for educational infrastructure and research initiatives.

Corporate Clients:

 Companies involved in agribusiness, renewable energy, and infrastructure development projects that
align with LandBank’s developmental goals.

Specialized Clients:

 OFWs (Overseas Filipino Workers): Provided with savings accounts, investment products, and loans to
support livelihood ventures in the Philippines.
 Environmental and Renewable Energy Projects: Developers of green projects funded by LandBank
through its sustainable financing programs.

STATEMENT OF THE PROBLEM

The Land Bank of the Philippines plays a key role in supporting rural communities and the agricultural sector by
providing financial services to farmers, small businesses, and local governments. While working to promote
economic growth in these areas, the bank faces various challenges. This research will explore the strategies Land
Bank has implemented to address these challenges and assess their effectiveness in promoting financial inclusion
and rural development.

1. Low Adoption of Digital Banking Services in Rural Areas

Despite the introduction of digital banking services, many rural communities continue to face challenges in
adopting these technologies. Factors such as limited internet access, low digital literacy, and a lack of awareness
about available online banking tools prevent rural residents from benefiting fully from digital services, leaving
them dependent on traditional banking methods.

2. Limited Support for Agrarian Reform Beneficiaries (ARBs) and Slow Agricultural Development

Agrarian Reform Beneficiaries (ARBs) still struggle to access the necessary financial resources and support to
improve their productivity. Slow land distribution, lack of credit access, and limited training contribute to the slow
development of agriculture in rural areas. As a result, many farmers remain trapped in poverty, unable to fully
utilize the land given to them under the Comprehensive Agrarian Reform Program (CARP).

3. Insufficient Financing for Rural Economic Development and Growth of Small Farmers, MSMEs, and LGUs

Many small farmers, micro, small, and medium enterprises (MSMEs), as well as local government units (LGUs) in
rural areas, continue to face difficulties in securing financing. Due to stringent lending requirements, lack of
collateral, and limited awareness of available loan products, these entities are often unable to obtain the capital
needed to grow their businesses, improve agricultural practices, or invest in essential local infrastructure.

Course of action Advantages Disadvantages

Land Bank has been expanding its 1. Increased Convenience Digital 1. Digital Divide - Many rural areas
digital banking services by banking services allow rural residents still lack reliable internet
launching mobile banking apps, to conduct financial transactions connectivity or smartphones, which
enhancing its online banking more easily, without needing to limits the reach of digital banking
platform, and increasing the travel long distances to a physical service.
availability of agent banking bank branch.
services in remote areas. The 2. Low Digital Literacy - Despite
bank also partners with local 2. Financial Inclusion - Expanding efforts to provide training, some
government units (LGUs) and digital access helps integrate more rural residents may still struggle to
cooperatives to provide digital rural populations into the formal understand or use digital banking
literacy programs and ensure that banking system, improving financial tools, which could hinder adoption
rural communities can effectively inclusion and access to loans, and create frustration.
use these digital tools. savings, and other financial products.
3. Security Concerns - As digital
3. Cost Savings - Digital banking banking grows, there are risks
reduces operational costs for Land related to cybersecurity,
Bank, as fewer physical branches and particularly in areas with limited
manual processes are needed to knowledge or awareness about
serve rural areas. online threats and fraud.

Agrarian Services Landbank aims 1. Financial Inclusion for farmers and 1. Bureaucratic procedures slow
to contribute to the country's fishers down service delivery and make it
agricultural development and difficult for farmers to access the
improve the lives of rural 2. Support rural development and funds.
communities by supporting the economic growth
Comprehensive Agrarian Reform 2. Limited financial product
Program ( CARP) 3. Empowers farmers, improves offerings for farmers
livelihood and ensures food security
3. Vulnerable to political
interference

Land Bank serves as a key 1. Increased Financial Access - Land 1. Bureaucratic Delays - The loan
catalyst for sustainable Bank helps integrate underserved application process can be slow and
development by addressing the groups (small farmers, fishers, LGUs, complex, making it difficult for
financing needs of not only small MSMEs) into the formal financial farmers and small businesses to
farmers and fishers but also local system, promoting financial access funds quickly.
government units (LGUs), micro, inclusion.
small, and medium enterprises 2. Limited Reach - Remote rural
(MSMEs), private corporations in 2. Economic Growth: Providing areas may still face challenges in
key industries, and other sectors financing stimulates rural economic accessing financing due to
that contribute to job creation development, creates jobs, and geographical barriers and limited
and economic growth. This broad supports local entrepreneurship. infrastructure.
approach helps stimulate rural
economic development by 3. Sustainability - Ensuring key 3. Political Influence - As a
ensuring that various sectors sectors have access to capital fosters government-owned bank, Land
have access to the necessary long-term economic resilience and Bank may be vulnerable to political
capital for expansion and growth. growth in rural communities. interference, potentially affecting
lending fairness and efficiency.