PRESS STATEMENT

Please refer to: Corporate Affairs Department 405-7634

93% of LANDBANK’s loan portfolio supports agriculture sector and

government development programs

We take to heart the President's message and will comply with his instruction.

We have submitted the report detailing our plans and programs to further

achieve our objective, before the end of the month.

LANDBANK has, and will always remain steadfast in pursuing our mandate of

helping our small farmers and fishers, and the agricultural sector at large, as we

continue to support national developmental programs (ex: CCT/UCT program)

and fulfill our function as the main depository and servicing bank of the

government.

In fact, as of June 30, 2019, loans extended to the agriculture sector reached

P177.32 billion, which is 22.17% of the Bank’s total loan portfolio of P799.64

billion. This makes LANDBANK the only bank that is compliant with the

provisions of Republic Act 10000 or the Agri-Agra Reform Credit Act that

mandates banks to allot at least 10% of its total loanable funds to agrarian

reform beneficiaries (ARBs).

Of the P177.32 billion, P119.52 billion in loans were extended to agribusiness;

P2.59 billion for aqua-business; and P55.21 billion for agri-aqua related projects
of local government units (LGUs) and government owned and controlled

corporations (GOCCs).

Meanwhile, a total of P42.31 billion in loans were allocated to our mandated

sectors, broken down into small farmers including ARBs and their associations

with P42.17 billion, and small fishers and their associations with P135 million.

Aside from supporting the agriculture sector, we also funded the priority

programs of the national government which reached P524.86 billion. This is

broken down into support for micro, small and medium enterprises (MSMEs),

P94.30 billion; communications, P49.11 billion; transportation, P53.45 billion;

housing (socialized, low-cost and medium-cost), P60.82 billion; education, P9.70

billion; health care, P22.75 billion; environment-related projects, P11.47 billion;

tourism, P23.49 billion; utilities, P135.10 billion; and others, P64.67 billion.

Thus, our total support for our priority sectors, comprising of our mandated

sectors, as well as support for other national government priority programs stood

at P744.49 billion or 93% of the Bank’s total loan portfolio.

We have heeded the call to bring our services closer to those who need them

most and will further expand our reach through the enhancement of our

customer touch points and service channels.

We shall also be strengthening partnerships with cooperatives, farmer groups

and associations as well as collaboration with other key agencies and

government units.

We shall update you further on the plans when we get feedback from the

President after our submission/presentation.

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