Landbank’s highest-ever dividends praised
FINANCE Secretary and Land Bank of the Philippines (Landbank) Chair Ralph G. Recto has praised the state bank for declaring P33.5 billion in dividends–its single highest dividend yield in its history, with millions of Filipinos expected to benefit.
The dividend remittance is in line with President Ferdinand R. Marcos, Jr.’s directive to uphold fiscal discipline, ensuring that the government maximizes non-tax revenues to fund priority programs without the need to impose new taxes on the people.
“Ang halagang ito ay resulta ng kusang pagbubuti ng serbisyo ng Landbank. Ibig sabihin, mas maraming magsasaka ang nabigyan ng murang pautang, mas maraming mangingisda ang naabutan ng tulong, at mas masigla ang daloy ng kapital sa tinatawag nating countryside economy (This amount is the result of Landbank’s voluntary improvement in its services. This means more farmers were given access to affordable loans, more fisherfolk received assistance, and the flow of capital in what we call the countryside economy became more vibrant),” he said in his speech at the ceremonial turnover on June 9, 2025.
Under Republic Act No. 7656 or the Dividend Law, Government-Owned and Controlled Corporations (GOCCs) are required to remit at least 50 percent (%) of their net earnings during the preceding year as dividends to the national government.
To maximize non-tax revenue, the Department of Finance (DOF) has requested GOCCs to increase this share to 75%.
Recto thanked the DOF’s Corporate Sector and Strategic Infrastructure Group (CSSIG) for their impeccable work in helping oversee the country’s GOCCs, ensuring transparency, accountability, and genuine service for the Filipino people.
“This dividend remittance to the National Treasury is living proof that when a government financial institution serves the people well, the nation reaps greater rewards,” he said.
In 2024, Landbank remitted P32.12 billion in dividends — the highest among all GOCCs. With this year’s P33.53 billion declaration, Landbank maintains its standing as the top dividend contributor among GOCCs for the second consecutive year.
“Our continued solid performance affirms Landbank’s role as a reliable partner of the National Government in its infrastructure push, and its support to the agriculture, education, and healthcare sectors. This is Landbank’s value to the Filipino people: clear in its impact and rooted in its mission,” said Landbank President and CEO Lynette V. Ortiz.
Meanwhile, Landbank posted a solid P13.29 billion net income for the first quarter of 2025, up 11% from P11.98 billion year-on-year and 32% above its first-quarter target.
Landbank’s total assets also grew to P3.43 trillion, up 5% year-on-year from P 3.27 trillion, driven by expansions in both loan and investment portfolios.
Present during the turnover were DOF Chief of Staff and Undersecretary Maria Luwalhati Dorotan Tiuseco, CSSIG Undersecretary Rolando Tungpalan, and National Treasurer Sharon P. Almanza. PR