DOF Chief Lauds LANDBANK for Record PHP33.5B Dividend

Finance Secretary and LANDBANK Chair Ralph G. Recto praised the state-owned Land Bank of the Philippines for declaring PHP33.5 billion in dividends—the highest in its history—with millions of Filipinos expected to benefit.

The dividend declaration aligns with President Ferdinand R. Marcos Jr.’s directive to uphold fiscal discipline and maximize non-tax revenues to fund priority programs without imposing new taxes.

“Ang halagang ito ay resulta ng kusang pagbubuti ng serbisyo ng LANDBANK,” Recto said during the ceremonial turnover on June 9, 2025.

He said this reflects expanded access to affordable loans for farmers, assistance to more fisherfolk, and a stronger flow of capital into the countryside economy.

“Kaya naman hindi lang po tseke ang inabot niyo ngayong araw, kundi pag-asa para sa milyon-milyong Pilipinong makikinabang dito,” he added.

Under Republic Act 7656 or the Dividend Law, government-owned and -controlled corporations (GOCCs) are required to remit at least 50% of their net earnings to the national government.

To boost non-tax revenues, the Department of Finance has requested GOCCs to raise this remittance rate to 75%.

Recto credited the DOF’s Corporate Sector and Strategic Infrastructure Group for helping oversee GOCCs, promoting transparency, accountability and public service.

“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 PHP32.12 billion in dividends—the highest among all GOCCs.

With the 2025 declaration of PHP33.53 billion, it remains the top dividend contributor 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 support for agriculture, education and healthcare,” said LANDBANK President and CEO Lynette V. Ortiz.

“This is LANDBANK’s value to the Filipino people: clear in its impact and rooted in its mission,” she added.

LANDBANK also reported a PHP13.29 billion net income in the first quarter of 2025, up 11% from PHP11.98 billion year-on-year and 32% above its target.

Its total assets rose to PHP3.43 trillion, up 5% from PHP3.27 trillion, driven by growth in its loan and investment portfolios.

Present at the turnover were DOF Chief of Staff and Undersecretary Maria Luwalhati Dorotan Tiuseco, CSSIG Undersecretary Rolando Tungpalan and National Treasurer Sharon P. Almanza.