Headquarter: Makati City, Philippines
Date of creation: 1963
Type of institution: Commercial bank under special law
Ownership: Government owned
Membership: APRACA
as of June 2001 (rounded figures)
| Number of branches | 350 |
| Number of staff | 8,500 |
| Number of savers | 2m |
| Number of loan clients | .. |
| Total assets (in US$; 1US$ = 50.50 Pesos) | 5bn |
| Total outstanding net loan balance (US$) | 2.3bn |
| % of loan portfolio allocated to the agricultural sector | 45% |
Main activities and products
LBP is the largest formal credit institution in the countryside and services
more than 5,000 cooperatives and farmers groups benefiting about 500,000
small farmers and fish folk.
Cooperative strengthening Programs, Livelihood Programs and 495 countryside
financial institutions benefit 130,000 small farmers and fish folk.
Under the Countryside Credit Delivery Program, the bank is able to extend credit assistance to small farmers and fisher folk. The programme provides credit to small farmers and fisher folk through cooperatives and rural financial institutions to finance various livelihood projects, which include the production of agricultural crops, livestock/cattle raising and the acquisition of pre- and post-harvest facilities, among others.
LBP is the financial intermediary of the CARP Land Transfer Operations through which the Agrarian Reform is conducted and land transfer claims are valued. In addition it offers refinancing facilities to rural banks and cooperative rural banks.
Within its Banking section LBP offers the whole range of a universal
bank including investment and merchant banking, credit and guarantee facilities,
deposit services, ancillary services, treasury, trust, programme lending
and international banking.
Main sources of funds
Deposits
Donor support
Outstanding balance with World Bank, ADB, German KfW, Japanese OECF, Japan Bank for International Cooperation
Publications
Annual Report (audited)
Country Pulse (quarterly)
Newsgra,
LandBank Times
Website
Address
LandBank Plaza
1598 M.H. del Pilar Street
Malate, Manila 1004
Philippines