State-run Land Bank of the Philippines has declared P33.5 billion in dividends, its highest-ever dividend yield, with millions of Filipinos expected to benefit.
The dividend remittance aligns with President Ferdinand R. Marcos, Jr.’s directive to uphold fiscal discipline, ensuring the government maximizes non-tax revenues to fund priority programs without imposing new taxes.
“This amount is the result of LandBank’s voluntary improvement of services. This means more farmers were given affordable loans, more fishermen received assistance, and capital flow in our countryside economy became more vibrant,” Finance Secretary and LandBank chair Ralph Recto said in a speech at the ceremonial turnover on June 9, 2025.
“That’s why what you handed over today is not just a check, but hope for millions of Filipinos who will benefit from it,” he said.
Under Republic Act No. 7656, or the Dividend Law, government owned and controlled corporations (GOCCs) should remit at least 50 percent of their net earnings from the preceding year as dividends to the national government. To maximize non-tax revenue, the Department of Finance (DOF) asked GOCCs to increase this share to 75 percent.
Recto thanked the DOF’s Corporate Sector and Strategic Infrastructure Group (CSSIG) for its work in overseeing 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 position 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, 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 chief executive Lynette Ortiz.
LandBank posted a net income of P13.29 billion in the first quarter of 2025, up 11 percent from P11.98 billion year-on-year and 32-percent above its first-quarter target.
The bank’s total assets grew 5 percent to P3.43 trillion, driven by expansions in both loan and investment portfolios.
