Land Bank of the Philippines

Overview

Land Bank of the Philippines is Philippine state-owned commercial bank + Philippine federal government fully owned + one of Philippines' largest commercial banks by deposits + branches + Philippine state-anchored rural + agricultural + agrarian reform banking + United Coconut Planters Bank UCPB Aug 26 2022 absorbed into LBP [1, ph-cro].

History

Aug 8 1963 — Land Bank of the Philippines LBP founded by President Diosdado Macapagal as Philippine state-anchored agrarian reform + rural + agricultural commercial bank distinctive Philippine banking heritage.

2010 — Landbank Mobile Banking app launch.

Aug 26 2022 — United Coconut Planters Bank UCPB absorbed into Land Bank of the Philippines LBP distinctive Philippine state banking consolidation.

Ownership & operator

Operating entity: Land Bank of the Philippines LBP (Philippine state-owned commercial bank; Philippine federal government fully owned).

Major shareholders: Government of the Philippines (Department of Finance + Bureau of the Treasury) fully owned.

Regulators: BSP Bangko Sentral ng Pilipinas + Philippine Department of Finance.

Technical integration

Landbank Mobile Banking app (iOS + Android) + landbank.com online + Land Bank of the Philippines branch network across Philippines + Land Bank Visa + Mastercard + JCB cards; PH IBAN + InstaPay + PESONet + QR Ph.

Implementations & partners

Major Philippine banking + digital bank + payments competitors: [[bdo-unibank]] (BDO Unibank; PSE: BDO; Philippines' largest commercial bank by assets) + [[bpi-philippines]] (BPI Bank of the Philippine Islands; PSE: BPI; Asia's oldest commercial bank since 1851) + [[metrobank-philippines]] (Metrobank; PSE: MBT; George Ty family) + [[pnb-philippines]] (PNB Philippine National Bank; PSE: PNB; Lucio Tan family Philippine conglomerate parent) + [[security-bank-philippines]] (Security Bank; PSE: SECB) + [[unionbank-philippines]] (UnionBank of the Philippines; PSE: UBP; Aboitiz family Philippine conglomerate parent) + [[gcash]] (GCash; Globe Telecom + Ant Group JV Philippine mobile wallet; ~94M+ Filipino users; Philippines' largest mobile wallet) + maya (Maya formerly PayMaya; Voyager Innovations Philippine mobile wallet + digital bank; ~50M+ Filipino users) + [[tonik]] (Tonik Bank; Philippine digital bank; first SE Asia neobank) + [[gotyme]] (GoTyme Bank; Gokongwei family + Tyme JV Philippine digital bank).

Regulators: BSP Bangko Sentral ng Pilipinas + Philippine Department of Finance.

Status

Active, Philippine state-owned commercial bank + Philippine federal government fully owned + one of Philippines' largest commercial banks by deposits + branches + Philippine state-anchored rural + agricultural + agrarian reform banking + United Coconut Planters Bank UCPB Aug 26 2022 absorbed into LBP [1, 2].

Sources

• 1 Landbank — official
• 2 Land Bank — Wikipedia
• ph-cro In-corpus: reports/countries/PH-philippines.md

Source

Biography extracted from land-bank-philippines.md. See matrix.md for standards-support matrix if present.