Manila:Government financial institution Land Bank of the Philippines (Landbank) reported an 8 percent annual increase in its net income as of the end of September 2026, attributed to client-focused solutions.
According to Philippines News Agency, Landbank announced that its net income after the nine-month period reached PHP37.53 billion, with the third quarter alone contributing PHP13.32 billion. The bank's total assets as of end-September were PHP3.56 trillion, while total deposits amounted to PHP3.11 trillion.
Landbank President and CEO Lynette Ortiz highlighted that the strong financial performance reflects their clients' continued trust, affirming the strength of the bank's client-focused solutions and its commitment to its developmental mandate while maintaining disciplined operations. The bank noted a 10 percent rise in loans for agriculture, fisheries, and rural development, totaling PHP894.41 billion by the end of September, which represents nearly 55 percent of its gross loan portfolio.
Additionally, transactions under the bank's Cash-Lite Program, which supports cashless transactions for various community members, increased by 29 percent annually to 713.16 million transactions, covering PHP3.83 trillion, a 22 percent annual rise. Furthermore, Landbank acts as a conduit for the government's Fuel Subsidy Program, providing approximately PHP1.2 billion in cash aid to over 109,000 public utility vehicle drivers nationwide as of November 2.
