Land Bank of the Philippines

INTRODUCTION:

The Land Bank of the Philippines is a government financial institution that serves as the
country's primary credit institution for agriculture and agrarian reform. Established in 1963, it
was created with the aim of providing financial support and assistance to the agricultural sector,
which plays a crucial role in the country's economy. As a development bank, the Land Bank of
the Philippines focuses on promoting countryside development and improving the lives of rural
communities by offering a wide range of financial products and services tailored to the needs of
farmers, fisherfolk, and other rural entrepreneurs.

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.

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.

Source: https://www.landbank.com/about-us/about-landbank

VISION

By 2028, LANDBANK shall be at the forefront of nation-building through the promotion of

financial inclusion, digital transformation and sustainable development that benefits all Filipinos.

MISSION

We are the leading universal bank with a government mandate that provides responsive
services beyond banking to all clients, publics and stakeholders.
Source: https://www.landbank.com/about-us/about-landbank/vision-and-mission

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.

Source: https://www.landbank.com/about-us/about-landbank/guiding-principles-of-landbank

Major Roles of Land Bank

 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.

The Land Bank plays a crucial role in the development and improvement of rural communities
through its comprehensive range of financial products and services. With a specific focus on the
needs of farmers, fisherfolk, and other rural entrepreneurs, the bank aims to support and
empower these individuals in their economic endeavors. As an implementing agency of the
Comprehensive Agrarian Reform Program (CARP), the Land Bank is actively involved in
various aspects, including land evaluation, compensation to owners of private agricultural lands,
and the collection of amortizations from CARP farmer-beneficiaries. Additionally, the bank
provides credit assistance to small farmers, fisherfolk, and agrarian reform beneficiaries (ARBs),
recognizing the importance of access to financial resources for their success. Furthermore, as
an official depository of government funds, the Land Bank holds a significant responsibility in
managing and utilizing these funds for the benefit of the rural communities it serves. With its
social mandate, the bank strives to promote countryside development, contributing to the overall
progress and prosperity of the nation.

The role of the bank to the government of the country where they operate/located.

The primary role of Land Bank to the government of the country where they operate/located is
to provide financial support and assistance to the agricultural sector. By offering loans, credit
facilities, and other financial services, Land Bank helps stimulate economic growth in rural areas
and improve the livelihoods of small farmers, fisherfolk, and agrarian reform beneficiaries.
Additionally, as an official depository of government funds, the bank plays a crucial role in
managing and utilizing these funds for the benefit of the rural communities it serves. This
includes allocating funds for infrastructure development, agricultural projects, and other
initiatives that contribute to countryside development and the overall progress and prosperity of
the nation.

The contribution of the bank in terms of corporate social responsibility(CSR),

business, economics, etc.

The bank's commitment to corporate social responsibility (CSR) is evident in its various
initiatives aimed at uplifting the lives of rural communities. Through partnerships with non-
governmental organizations and government agencies, the bank implements programs that
promote sustainable farming practices, provide training and capacity-building opportunities for
farmers and fisherfolk, and support the establishment of cooperatives and small businesses.
These efforts not only contribute to poverty alleviation but also foster economic growth and
resilience in the agricultural sector. Furthermore, the bank's focus on inclusive finance ensures
that even the most marginalized sectors of society have access to financial services,
empowering them to participate in economic activities and improve their overall well-being. In
terms of business and economics, the bank's prudent financial management and strategic
investments have contributed to its stability and growth, enabling it to serve as a catalyst for
rural development and economic progress.

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.

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.

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.
CSR Programs

Gawad Patnubay Scholarship Program (2012-2021)

About the Scholarship

With LANDBANK's mandate of helping spur and sustain countryside development, the
LANDBANK Gawad Patnubay (Gawad Pag-aaral Tungo sa Maunlad na Bayan) Scholarship
Program is an education-to-employment initiative designed to benefit underprivileged, but
deserving students who shall specialize in the fields of agriculture and fisheries.

The program aims to develop skills in modern agriculture, renew enthusiasm for the agricultural
sector, promote sustainable development, and reduce poverty in the countryside through quality
education.

Iskolar ng LANDBANK Program (2023)

Funding Support for LANDBANK Countryside Development Foundation, Inc.

LCDFI trains bank-assisted cooperatives towards achieving the objective of promoting national
food security by increasing agricultural productivity, and increasing farmers’ income by
improving efficiency in the food systems. Furthermore, LCDFI provides training interventions to
LANDBANK-assisted cooperatives to address their weaknesses as identified in the operations
review.

LCDFI provide capacity building services to strengthen farmers’ organizations and cooperatives
in areas where it is most needed. They also conduct technical capability enhancement trainings
to sustain product marketing requirements.

The Bank, through LCDFI, also implements a “big brother” training program for selected Key
Cooperatives (KCs) with a provision of technical training on a one-on-one basis for coop board,
management and personnel.