Land Bank of the Philippines - updates

Rappler's latest stories on Land Bank of the Philippines

ARTICLE FINDER

Landbank wants to cover more agrarian reform beneficiaries

May 26, 2019 - 6:50 PM

The Land Bank of the Philippines eyes more farmer-beneficiaries after its loans for small farmers and fisherfolk went up to P13 billion in the first 3 months of 2019

Farmers from La Trinidad, Benguet maintain to water there strawberry and vegtetable because of summer heat where they use to get their daily living. The water was come from a water irrigation of the province. Photo by Mau Victa/Rappler

Sandiganbayan allows prosecutors to amend charges vs ex-Landbank officials

Jan 06, 2019 - 7:10 PM

The anti-graft court says the right of the prosecution to make amendments is still valid since the defendants have not yet been arraigned

COA hits 'out of cash' Landbank ATMs

Jul 22, 2018 - 9:25 PM

In its 2017 audit report, the Commission on Audit documents at least 268 Landbank automated teller machines 'continuously out of cash'

Landbank offers Philippine Stock Exchange P472M for PDSHC stake

Apr 29, 2018 - 11:35 PM

The state-run bank takes another stab at gaining control of the country's bond trading market

Duterte wants Landbank to provide more loans for farmers

Apr 02, 2018 - 6:45 PM

The President warns he would look into the bank's finances after challenging it to provide tractors to farmers' cooperatives all over the country

President Rodrigo Roa Duterte is joined by SL Agritech Corporation CEO Henry Lim Bon Liong and Agriculture Secretary Emmanuel Piñol as he witnesses the harvesting of hybrid rice during the Grand Harvest Festival of SL Agritech Corporation at the Nagkakaisang Magsasaka Agricultural Primary Multipurpose Cooperative (NMAPMPC) Compound in Talavera, Nueva Ecija on April 5, 2017. ROBINSON NIÑAL JR./Presidential Photo

Bank for OFWs could open in February 2018

Dec 22, 2017 - 8:00 PM

The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank

GO SIGNAL. BSP approves Landbank's acquisition of the Philippine Postal Savings Bank which will be turned into a bank for OFWs. Photo by Rappler

Senate finance committee allots P10B for Marawi rehabilitation in 2018

Oct 05, 2017 - 12:35 PM

This is higher than the P5 billion budget for Marawi rehabilitation given this 2017

BURNED HOUSES. A Philippine Marines truck speeds away as black smoke billows from burning houses after military helicopters fired rockets at militant positions in Marawi on May 30, 2017. Photo by Ted Aljibe/AFP

Mautes used bank vaults to hide from air strikes

Sep 28, 2017 - 8:44 PM

'Pinagtaguan yun kapag binobomba sila ng fighter jet eh. Alam kasi nilang matibay yung vault,' says former Maute hostage Lordvin Acopio

TELL ALL. Former Maute hostage Lordvin Acopio sits down with reporters to share his story. Rappler photo

Landbank extends banking hours on June 30 amid system upgrade

Jun 30, 2017 - 2:05 PM

All branches of the Land Bank of the Philippines will be open until 5 pm on Friday June 30

Landbank sets June 24-25 system upgrade, downtime

Jun 20, 2017 - 3:45 PM

ATMs cash deposit machines and other electronic banking channels will be offline from 10:30 pm on June 24 to 3:00 pm on June 25

BRANCHING OUT. LandBank plans to set up the OFW bank after its  on-going acquisition of Philippine Postal Savings bank which it plans to make a wholly-owned subsidiary. File Photo/Wikipedia.

Veteran banker Cecilia Borromeo is new DBP chief

Jan 09, 2017 - 7:45 AM

Borromeo replaces Gil Buenaventura who has been serving as president and CEO of Rizal Commercial Banking Corporation since July 1 2016

NEW DBP CHIEF. (L-R) Oath taking of Development Bank Members, Board of Directors Ma. Lourdes Z. Arcenas and newly-elected President/CEO Cecilia C. Borromeo. Photo from DOF

Landbank to provide P115B in loans to small farmers, fishermen by 2022

Dec 25, 2016 - 11:54 AM

Landbank will initiate a re engineering of the credit facilities for small stakeholders in the agriculture sector and encourage them to enter into corporatives

TRIPLING LENDING. Possible cash crops that farmers can plant under the corporative are palm oil, rubber, banana, coconut, cacao and abaca, which have high export potentials. Rappler file photo

Landbank-DBP merger stopped

Sep 07, 2016 - 12:55 PM

Finance Secretary Carlos Dominguez III says the main rationale behind the decision is that the two institutions serve different functions

Aquino OKs Landbank-DBP merger

Feb 09, 2016 - 4:15 PM

With Landbank as the surviving entity President Benigno Aquino III approves the increase in its capital stock to P200 billion 4 19 billion

FUSION. Landbank is the surviving entity given its bigger assets and wider branch network. Image from Wikipedia

COA requires 'more proof' for Land Bank's money claim against DSWD

Jan 31, 2016 - 8:27 PM

More documents are needed to support the money claim filed by the Land Bank of the Philippines against the Department of Social Welfare and Development Commission on Audit says

Robbers take P3.4M in funds meant for 4Ps beneficiaries in Albay

Jan 27, 2016 - 6:57 PM

The suspects reportedly forcibly enter the house of the village councilor and hogtie the employees of Smart Natco before taking the group s money and valuables

Landbank offers P3.8B in loans to farmers, fishermen

Jan 04, 2016 - 5:40 PM

The state run bank says it can reach out to more farmers and fishermen who are not part of accredited cooperatives

MORE LOANS. Landbank continues to strengthen lending programs for farmers and fisherfolks as part of the government’s thrust towards financial inclusion and improved agricultural productivity. Photo by Agence France-Presse

China Bank to open 11 branches in December

Nov 28, 2015 - 9:51 AM

Retail and banking magnate Henry Sy’s China Bank expects to close 2015 with 508 branches including those of China Bank Savings and Planters Development Bank

BEEFING UP. China Bank will open branches in Makati, Quezon City, and San Juan in December

Groups launch signature drive vs P800M Samar gov't loan

Nov 26, 2015 - 11:20 AM

The No to P800 Million Loan Coalition seeks to gather 600 000 signatures in Samar to support its protest against the loan

NO TO LOAN. Catbalogan residents attend the launch of the `No to P800 Million Loan' signature campaign against in Catbalogan City on November 17, 2015. Photo by Jazmin Bonifacio/Rappler

MRT3 buyout target moved to 2016

Oct 22, 2015 - 10:35 AM

DOTC Secretary Jun Abaya says they will convince the Congress to include the MRT3 buyout fund in the 2016 national budget

BELEAGUERED. Troubles in the beleaguered Metro Rail Transit line 3, from rifts between government and private sector to recurring technical glitches, have been passed to thousands of commuters who are waiting for its much-needed upgrades. File photo by Rappler

Sale of Meralco shares didn't happen – Landbank

Sep 28, 2015 - 3:20 PM

There is no violation of the Anti Graft Law since the block sale of the bank s Meralco shares did not materialize Landbank says

NO BASIS. "There is no basis for a criminal indictment or administrative sanction against former members of the LBP board of directors, including some incumbent bank officers," the Landbank of the Philippines statement reads.

Ex-Landbank, SSS execs face graft charges over Meralco deal

Sep 24, 2015 - 6:49 PM

The deal involved the block sale of SSS Meralco shares for P5 669 billion to Global 5000 a company identified with businessman Roberto V Ongpin

Prioritize public needs over credit ratings, Angara tells gov't

Sep 22, 2015 - 11:20 AM

The senator questions the government s priorities in the face of its refusal to lower taxes

Marina mulls fiscal perks for domestic shipbuilders

Sep 02, 2015 - 7:35 AM

With the incentives program the government hopes that the Philippines will soon be the largest shipbuilding nation in the world

MORE PERKS. The Philippines' Maritime Industry Authority (MARINA) mulls fiscal incentives for companies catering to domestic shipbuilding. Background photo from Hanjin website

BSP approves sweetened perks for rural bank mergers

Aug 22, 2015 - 12:13 PM

BSP says encouraging more mergers among rural banks will bring about a less fragmented banking system in the Philippines

SWEETENED PERKS. The program offers financial and regulatory perks to groups of rural banks serving similar areas to combine operations and create larger institutions

'Invest in PH now' - Gov't, business make pitch to US investors

Jun 29, 2015 - 12:27 AM

The conference is part of a high level 3 city trade mission aimed at encouraging US investment in the country

NEDA Board approves LRT2 west extension project

May 19, 2015 - 8:38 PM

The board chaired by President Benigno Aquino III also approves projects on irrigation fire safety and local development

Abad: GOCC dividends, Treasury gains to fund MRT3 buyout

May 12, 2015 - 1:03 PM

The government can also borrow money but with the the approval of the Office of the President if GOCC dividends and Treasury gains are not realized Budget Secretary Florencio Abad says

Aquino signs law promoting development of sugarcane industry

Apr 02, 2015 - 1:00 PM

The law aims to aid the development of the sugarcane industry especially as import duty will be 5 this year

Small farmers, priority sectors get P331B in loans

Mar 21, 2015 - 6:53 PM

Government owned Land Bank priority sector loans are up 35 in 2014 and hit a record 85 9 of total loans

Small farmers are part of Land Banks's priority sector which received P331 billions in loans last year

Banks to shorten operations on Dec 24

Dec 23, 2014 - 11:39 AM

Here is a list of bank branches with shortened operations on December 24

Allies turned rivals: Los Baños politics heats up

May 07, 2013 - 11:36 PM

Former allies are now in a heated mayoral race in Los Baños

Prosecution: Corona bank records next

Jan 25, 2012 - 1:35 PM

Bank officials will also be summoned if the prosecution gets its way

Request for Subpoenae