State-run Land Bank of the Philippines declared a record-high cash dividend reaching P33.53 billion to the national government, the highest in the bank’s history.
“This contribution will help power President Ferdinand Marcos, Jr.’s infrastructure initiatives, investments in education and healthcare, and food security agenda, all while staying true to its mission of providing accessible and responsive financial services to Filipinos,” said Department of Finance Secretary and LandBank chairman Ralph Recto.
LandBank remitted P32.12 billion in dividends in 2024, the highest among all government-owned and controlled corporations (GOCCs).
This year’s P33.53-billion remittance retained its position as the top dividend contributor among GOCCs for the second year in a row.
“The P33.53 billion dividend underscores LandBank’s unwavering support for government priorities that uplift lives and communities across the country. It also reflects our strong financial foundation and vital role as a pillar of inclusive growth, ensuring that our sustained performance translates into real and lasting impact,” said LandBank president and chief executive Lynette Ortiz.
