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Topic: Land Bank of the Philippines


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In the News (Sun 7 Sep 08)

  
  Philippines - THE SERVICE SECTOR
The Philippine financial system in the early 1990s was composed of banking institutions and nonbank financial intermediaries, including commercial banks, specialized government banks, thrift and rural banks, offshore banking units, building and loan associations, investment and brokerage houses, and finance companies.
The Philippines had a relatively sophisticated banking system; however, the level of financial intermediation was low relative to the size of the economy.
In 1986 nonperforming assets of the two institutions were transferred to the government, reducing the value of the assets of the Philippine National Bank by 67 percent and that of the Development Bank of the Philippines by 87 percent.
www.country-data.com /cgi-bin/query/r-10459.html   (967 words)

  
 Land Bank of the Philippines - Wikipedia, the free encyclopedia
Land Bank of the Philippines, also known as Landbank or by its initials, LBP, is a bank in the Philippines owned by the Philippine government.
Landbank is the fourth largest bank in the Philippines in terms of assets and is the largest government-owned bank.
At that time, Landbank was established for the purposes of land reform: that is, so to speak, the purchase of agricultural estates for division and resale to small landholders and also to facilitate the purchase of land by the agricultural lessee.
en.wikipedia.org /wiki/Land_Bank_of_the_Philippines   (798 words)

  
 Rural Bankers Association of the Philippines - Regulations - Republic Acts - RURAL ACT OF 1992 (R.A. No. 7353) -
All rural banks created and organized under the provisions of this Act shall be exempt from the payment of all taxes, fees and charges of whatever nature and description, except the corporate income tax and local taxes, fees and charges, for a period of five (5) years from the date of commencement of operations.
All rural banks in operation as of the date of approval of this Act shall be exempt from the payment of all taxes, fees and charges of whatsoever nature and description, except the corporate income tax and local taxes, fees and charges, for a period of five (5) years from the approval of this Act.
Rural banks organized and operated under the provisions of this Act shall act as agents of the Philippine National Bank, the Land Bank of the Philippines and the Development Bank of the Philippines in places where these banks have no offices, subject to accreditation guidelines.
www.rbap.org /article/archive/226   (2130 words)

  
 Land Bank of the Philippines vs CA : 118712 : July 5, 1996 : J Francisco : Third Division
, petitioners Department of Agrarian Reform (DAR) and Land Bank of the Philippines (LBP), filed their respective motions for reconsideration contending mainly that, contrary to the Court's conclusion, the opening of trust accounts in favor of the rejecting landowners is sufficient compliance with the mandate of Republic Act 6657.
If we are to affirm the withholding of the release of the offered compensation despite depriving the landowner of the possession and use of his property, we are in effect penalizing the latter for simply exercising a right afforded to him by law.
Central Bank of the Philippines, 162 SCRA 628 (1988).
www.supremecourt.gov.ph /jurisprudence/1996/jul1996/118712.htm   (1119 words)

  
 Land Bank of the Philippines
LBP is the largest formal credit institution in the countryside and services more than 5,000 cooperatives and farmers groups benefiting about 500,000 small farmers and fish folk.
LBP is the financial intermediary of the CARP Land Transfer Operations through which the Agrarian Reform is conducted and land transfer claims are valued.
Within its Banking section LBP offers the whole range of a universal bank including investment and merchant banking, credit and guarantee facilities, deposit services, ancillary services, treasury, trust, programme lending and international banking.
www.fao.org /ag/ags/agsm/Banks/banks/philipp.htm   (214 words)

  
 Land Bank Grant   (Site not responding. Last check: 2007-10-10)
The Land Bank of the Philippines launched in January 2005 a grant facility for the preparation of feasibility studies for projects of cities that have participated in the Cities Alliance-funded “City Development Strategies” (CDS) Program.
The grant is being co-implemented by the Land Bank of the Philippines and the League of Cities of the Philippines, which implemented the CDS Program.
Although the deadline is over [28 February 2005], LBP will still accept applications from cities but they will have reduced chances to qualify for the grant as one of the requirements is the timely submission of complete documents.
www.cdsea.org /kcollection/landbankgrant.asp   (229 words)

  
 LANDBANK OF THE PHILIPPINES   (Site not responding. Last check: 2007-10-10)
For the first nine months of the year, the Land Bank of the Philippines has released P23.6 billion in support of the national government’s pump-priming initiatives as aligned with the identified super regions.
The Land Bank of the Philippines (LBP) posted a net income of P2.7 billion which is 19 percent higher than last year's P2.45 billion and is P225 million more than the third quarter target of P2.47 billion.
The Land Bank of the Philippines successfully launched last October 12, 2006 its $150-million subordinated notes issuance, which fetched a coupon rate of 7.25 percent, the lowest ever obtained by a Philippine bank since the Bangko Sentral ng Pilipinas issued guidelines for subordinated debt issuances.
www.landbank.com /news.asp   (548 words)

  
 12 men rob Land Bank Cebu branch of P10M - Aug. 17, 2003   (Site not responding. Last check: 2007-10-10)
Bank employees were counting bills, ready to place these in a vault when the armed men wearing bonnet masks broke into the bank at 6:20 p.m.
Bank employee Edward Reyes, who was on the upper floor of the bank building, said the estimated loss was about 10 million to 11 million pesos.
Cebu City Mayor Tomas Osmeña, who rushed to the bank upon learning of the robbery, noticed that the heist was well-planned and well-timed.
www.inq7.net /reg/2003/aug/17/reg_5-1.htm   (651 words)

  
 LandBank awards DW Consultancy Project to Intranet
Land Bank of the Philippines announced on June 18, 2003 its selection of Intranet Business Systems, Inc. as the Data Warehouse Consultant for the Bank's Central MIS project.
The Land Bank of the Philippines is ranked among the country’s top five commercial banks in terms of assets, loans, deposits and capital based on data as of March 2004.
LandBank is the country's No. 3 commercial bank in terms of assets (with a total asset base of P286.9 billion), No. 3 in Loans (with a loan portfolio of P131.5 billion), No. 3 in Deposits (amounting to P213.8 billion), and No. 5 in Capital (P21.9 billion).
www.intranetsys.com /news-2003LBP.html   (366 words)

  
 CNES: Long-Term Loans to Roll-Out Massive Privatization: The Cases of Ghana and The Philippines   (Site not responding. Last check: 2007-10-10)
APL 3 (scheduled for 2004-2008 at $100 million from World Bank + $33 million from others) would change the role of government finance institutions and the Land Bank of the Philippines from retailers to wholesalers of loans, inducing private sector banks to invest in LGU-based water supply and sewerage systems.
APL 4 (scheduled for 2006-2010 at $130 million from the World Bank = $100 million from others) would finance water supply and sanitation services in about 130 Philippine water utilities, with World Bank financing used by the Development Bank and Land Bank of the Philippines to leverage private financing in the sector.
The role of the two Banks will change from being retail lending institutions to being (a) wholesalers to private financing institutions, (b) underwriters, facilitators of syndication, securitization and insurance for private providers of safer supply and sanitation in secondary cities and towns.
www.servicesforall.org /html/tools/Ghana_Philippines.shtml   (1333 words)

  
 The Banker: Philippines
Philippines President Gloria Macapagal-Arroyo gives Karina Robinson a glimpse of the tenacity that is now keeping her in power.
While political drama grabs the headlines, Philippine reform efforts are paying off in the form of economic gains, and intentions for further improvements remain intact.
The Philippines did not suffer from the Asian crisis as badly as its neighbours.
www.thebanker.com /news/categoryfront.php/id/226/Philippines.html   (535 words)

  
 DEVJOBS - Paying thru LandBank's inter-branch transfers/ pay-thru-inter-bank-deposits.html
If you are a Philippine organization, or if you have a branch office, or an affiliate located in the Philippines, you may send us money using the inter-deposit mechanism of the Land Bank of the Philippines.
Land Bank has more than 300 branches in the country.
Ask the bank teller that you want to make an inter-branch deposit, and give her our bank account details.
www.devjobsmail.com /employer/pay-thru-inter-bank-deposits.html   (327 words)

  
 Development Bank of the Philippines
Teves was a director of the Land Bank of the Philippines.
He was director of the Philippine Information Agency in Region 11, and executive director of the Konsumo Dabaw Foundation for several years.
Teves is a graduate of the Ateneo de Davao University with a degree in A.B. English.
www.devbankphil.com.ph /Profile/dir_teves.php   (175 words)

  
 How to Retire in the Philippines
The SRRV is issued by the Bureau of Immigration of the Republic of the Philippines in connection with the Philippine Retirement Authority's Retirement Program for the foreigners and former Filipinos.
Pensions and annuities remitted to the Philippines are tax-free.
To pay the Authority, by way of visitorial fee, the amount equivalent to one percent (1.0%) of the total amount in Philippine peso equivalent of the foreign currency deposit converted into investment, to be paid in advance for 3 years on the date of withdrawal/conversion of deposit into investment.
cebuonwheels.tripod.com /how_to_retire.htm   (2092 words)

  
 Philippines Love PINOY - Banks
Bank of the Philippine Islands - Homepage of the Bank of the Philippine Islands.
China Banking Corporation - China Bank is the first privately owned local commercial bank in the Philippines and the first bank in Southeast Asia to process deposit accounts online and the first Philippine bank to offer phone banking.
Isla bank - A thrift bank established from a rich Filipino heritage and inspired by the home's example of solidarity, reliability, and trust.
www.lovepinoy.com /directory/business/banks.htm   (585 words)

  
 Home-Oct 20
Mindanao has been called the land of promise, but the wealth of the land has not benefited many of its people, especially those living in the Autonomous Region in Muslim Mindanao (ARMM).
The issue also contains a review of the Philippine telecoms industry in 2003, the state of education in Mindanao, and the efficient transfer of family wealth in compliance with tax laws.
The Land Bank of the Philippines (LBP) announces its first international loan and acquired asset sale transaction.
www.ey.com /global/content.nsf/Philippines/Home-Oct_20   (393 words)

  
 Finextra: Land Bank of the Philippines signs for Diebold ATMs
Land Bank of the Philippines (LBP), the largest government bank in the country, has contracted with US-based Diebold for the supply of more than 300 Opteva cash machines.
The bank initially purchased 180 Opteva through-the-wall, walk-up cash dispensers running on pre-packaged Agilis software - an open system that allows multiple vendors' terminals and technologies to co-exist on an ATM network and also supports features such as channel integration with Web services, personalised transactions and one-to-one marketing.
LBP will deploy the Diebold units across locations in major cities, rural towns and remote island communities throughout the country.
www.finextra.com /fullstory.asp?id=14603   (234 words)

  
 Rural Bankers Association of the Philippines -
THE BANKERS Association of the Philippines has requested the Bangko Sentral ng Pilipinas to allow banks to include deferred tax assets in the computation of their capital.
THE CENTRAL BANK moved swiftly Thursday to tighten monetary policy by siphoning off cash from the banking system as consumer prices surged against the backdrop of a weak local currency.
AFTER a lackluster performance in 2002, Philippine banks saw a significant recovery in net profits last year on the back of higher interest earnings and treasury gains.
www.rbap.org /article/archive/page/1040   (2641 words)

  
 Land Bank - Wikipedia, the free encyclopedia
A land bank is a bank that issues long-term loans on real estate in return for mortgages.
The former Federal Land Bank Association in the United States, which was merged with the former Production Credit Association to form Farm Credit Services.
The term also refers to Land Banking the buying and holding (rather than developing) of land for future development or use.
en.wikipedia.org /wiki/Land_Bank   (138 words)

  
 Philippines Links
The Bank of the Philippine Islands (BPI) has 426 branches and overseas offices in Hong Kong and New York.
LBP initially set up to provide timely and adequate financial support in all phases of agrarian reform.
Standard Chartered is a disciplined commercial bank focused on core businesses of consumer banking, corporate and institutional banking and treasury.
www.financewise.com /public/edit/asia/philippines/philippines-links.htm   (864 words)

  
 CARP land mess probe ordered - Jul. 26, 2004   (Site not responding. Last check: 2007-10-10)
"The valuation of land is based on the field investigation report (FIR) conducted by the Landbank, the DAR and the (Department of Environment and Natural Resources)," he said.
The Commission on Human Rights earlier recommended to the Ombudsman in the Visayas the prosecution of Ramon Pabro, retired agrarian reform specialist of the LBP and several DAR provincial officials and employees for the alleged overvaluation of a 480-hectare land formerly owned by the heirs of Belen Sapinosa Locsin in Barangay Nagbagang, Sta.
Teves, however, insisted that the land valuation was based on the FIR made by the LBP, DAR and DENR.
www.inq7.net /reg/2004/jul/26/reg_3-1.htm   (507 words)

  
 SunGard Asia Pacific - News & Media - Land Bank of The Philippines   (Site not responding. Last check: 2007-10-10)
PHILIPPINES, 5 May 2006 – SunGard (www.sungard.com) today announced that Land Bank of the Philippines (Landbank), a leading Philippine government universal bank, has gone live with SunGard’s TAPS, a retail front- to back-office trust administration solution.
John Wilson, president of SunGard’s Asia Pacific business unit, said, “SunGard is pleased to support Landbank’s vision of growth to become one of the top trustee banks in the Philippines.
At present, Landbank is recognized as one of the top universal banks in the Philippines, having an extensive network and is backed by solid financial resources.
expweb.sungard.com /AsiaPacific/default.aspx?id=90   (633 words)

  
 [No title]   (Site not responding. Last check: 2007-10-10)
The UDP is a special project of the Department of Agriculture jointly funded by the Philippine Government and the European Commission.
The Land Bank of the Philippines shall have additional credit funds which shall come from reflows from Php 20 million loan funds already granted to the project’s partner financial institutions and financial service centres.
Platton, reaffirms the EC - Philippine development cooperation’s thrust to alleviate poverty in the rural areas with several multi-sector interventions in the poorest provinces of the country.
www.delphl.cec.eu.int /docs/ECprovides30M.doc   (702 words)

  
 Intranet Business Systems, Inc.
Land Bank of the Philippines (LBP) awards Data Warehouse Consultancy Project to Intranet.
Land Bank of the Philippines selects Intranet as the Data Warehouse Consultant for the Bank's Central MIS project.
Philippine Computer Society Annual convention at the Insular Century Hotel in Davao City, Philippines.
www.intranetsys.com /news.html   (626 words)

  
 Asia Times Online :: Southeast Asia news and business from Indonesia, Philippines, Thailand, Malaysia and Vietnam
MANILA - Philippine President Gloria Macapagal-Arroyo has approved in principle the proposed merger of Land Bank of the Philippines and the Development Bank of the Philippines, resulting in higher capital for the merged bank.
and officials from the Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP), and the National Irrigation Commission.
However, he said the government would have to draft a law to amend the charter of the two government-run banks.
www.atimes.com /atimes/Southeast_Asia/HC25Ae03.html   (317 words)

  
 House of Representatives - Latest News   (Site not responding. Last check: 2007-10-10)
An official of the Commission on Audit (COA) told a house probe body that the award of the so called e-Card project of the GSIS to the Union Bank of the Philippines is "illegal and violative of the law."
Rolex Suplico, one of the authors of measure seeking a probe on the e-Card project said that the GSIS board of trustees gravely abused its discretion in the award of the GSIS e-Card to the Union bank.
Benasing Macarambon (2nd district, Lanao del Sur) said Land Bank, the former depository bank of GSIS is in the third position among the largest banks in the Philippines with a total assets of P287 billion compared to Union Bank which is in the 16th position with only P100 billion total assets.
www.congress.gov.ph /press/details.php?pressid=723   (434 words)

  
 DAILY STAR: Top Stories
A resolution authorizing Mayor Evelio Leonardia to sign a P400 million loan agreement with Land Bank of the Philippines for the construction of a government center was unanimously passed yesterday by the Sangguniang Panlungsod during the special session requested by the mayor.
The signing of the memorandum of agreement between the city and Land Bank of the Philippines will be held at 3 p.m.
But she also said, the city already has a master plan, citing the Land Use Plan of Bacolod City, which includes, among others, the construction of a government center.
www.visayandailystar.com /2006/September/12/topstory1.htm   (791 words)

  
 YEHEY!Finance | Banking - When money matters
Land Bank of the Philippines and Development Bank of the Philippines (DBP) are consolidating their remittance businesses in the Philippine Postal Savings Bank, which is being transformed into a special bank for overseas Filipino workers (OFW).
The idea of an OFW bank is anchored on the need to reduce the remittance fees charged by banks and remittance centers.
Their remittances may be claimed by their families through the automated teller machines that Postal Bank will position in post offices all over the country.
www.yehey.com /finance/level3.aspx?id=111881   (292 words)

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