Landbank remits P32.4 billion dividends to government

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March 31, 2026 | 12:00am

MANILA, Philippines — The Land Bank of the Philippines remitted P32.4 billion in dividends to the national government, providing fresh funding for priority programs and projects, the Department of Finance (DOF) said.

The state-run bank said its P32.35-billion dividend contribution, which is 0.7 percent higher than the P32.12-billion remittance in 2024, came on the back of its strongest financial performance so far.

“Landbank’s continuous support and strong performance proves why it is and will always be a steadfast partner of the government in our mission to improve the lives of Filipinos,” Finance Secretary Frederick Go said in a statement.

Last year, the bank’s net income reached P43.98 billion, up by 24 percent from P35.36 billion in 2024, driven by broad-based loan growth, strengthened credit oversight and disciplined risk management.

The DOF added that the bank’s remittance showed its robust profitability and sustained ability to deliver meaningful support for national development.

“Landbank’s dividend remittance is a deliberate investment in the country’s future,” Landbank president and CEO Lynette Ortiz said.

“It strengthens the government’s capacity to fund critical programs that uplift communities, promote inclusive development and expand economic opportunities, while enabling us to continue supporting agriculture and other priority sectors,” she added.

The state-run bank also closed with total assets of P3.52 trillion and capital of P278.44 billion.

As of December 2025, the bank grew its Agriculture, Fisheries and Rural Development loan portfolio to P896.61 billion, accounting for 53.5 percent of its total gross loan portfolio of P1.68 trillion.

Dividends are a major source of non-tax revenue for the national government to fund priority programs and projects without imposing new taxes.

Under the Republic Act 7656 or Dividend Law, government-owned and controlled corp. (GOCCs) are mandated to remit at least half of their annual net earnings to the national government.

GOCC remittances reached P137.26 billion in 2024.