LANDBANK of the Philippines is a government financial institution which was founded on August 8, 1963 by virtue of Republic Act 3844 (Agricultural Land Reform Code) to serve as the financing arm of the government’s Agrarian Reform Program. LANDBANK’s mandate is to promote growth and development in the countryside where resources are scarce. As such, it is actively involved in providing financial assistance to its priority sectors in the countryside – particularly the small farmers and fishing folk cooperatives, micro, small and medium enterprises, agri-infrastructure, agribusiness and environment-related projects.
Through the years, LANDBANK has evolved to become the country’s largest countryside financial institution in terms of network with 344 branches/bank units nationwide and total workforce of 7,527. Even as it pursues its mission, LANDBANK has maintained its financial viability as it ranked one of the top five banks in the country in terms of assets, deposits, capital and loans. As of May 2005, total capital reached P22.59 Billion while resources reached P298.13 Billion.
LANDBANK of the Philippines & CSR
In January 2003, the Bank’s President and CEO signed the Corporate Environmental Policy stating that LANDBANK is fully committed to support environmental protection and sustainable development and shall ensure implementation of effective environmental management practices in its banking operation, services and decisions. Towards fulfilling this commitment, the Bank developed its Environmental Management System which passed the ISO 14001 standards in May 2005. The system includes assessment of the projects financed to ensure that these are environmentally sound. LANDBANK joined UNEP FI on Environment and Sustainable Development in 1997.