The Land Bank of the Philippines (LANDBANK) has declared a historic dividend remittance of PHP 33.5 billion, marking its highest dividend declaration to date, as announced by LANDBANK Chair and Finance Secretary Ralph G. Recto.

This significant financial move is set to benefit millions of Filipinos, aligning with President Ferdinand R. Marcos, Jr.’s mandate for improved fiscal discipline and maximization of non-tax revenues to fund essential government programs without imposing additional taxes on citizens.

In a ceremonial turnover event on June 9, 2025, Secretary Recto emphasized that the substantial dividend results from improvements in LANDBANK's services, indicating that more farmers have access to affordable borrowing options, more fishermen are receiving assistance, and there is an intensified flow of capital within the countryside economy.

Recto described this dividend not just as a financial issuance but as a symbol of hope for millions of Filipinos who stand to gain from it.

According to Republic Act No. 7656, also known as the Dividend Law, Government Owned and Controlled Corporations (GOCCs) are mandated to remit at least 50% of their net earnings from the previous year as dividends to the national government.

The Department of Finance (DOF) has urged these corporations to elevate their dividend contributions to 75% in order to further enhance non-tax revenue streams.

Recto acknowledged the efforts of the DOF's Corporate Sector and Strategic Infrastructure Group (CSSIG) in overseeing the GOCCs, ensuring that they operate with transparency and accountability while effectively serving the public.

The dividend payment to the National Treasury provides tangible evidence of the benefits of effective government financial institutions servicing their communities well.

For the previous year, LANDBANK reported a dividend remittance of PHP 32.12 billion, the highest among all GOCCs.

With the current year’s declaration, LANDBANK has retained its status as the leading contributor of dividends among GOCCs for the second consecutive year.

LANDBANK President and CEO Lynette V. Ortiz stated that the continued strong performance attests to the bank’s role as a dependable partner for the National Government, particularly in its infrastructure initiatives and support across the agriculture, education, and healthcare sectors.

Ortiz highlighted the bank's value to the Filipino populace, underlining the clarity of its impact and its commitment to its mission.

In the first quarter of 2025, LANDBANK achieved a net income of PHP 13.29 billion, an increase of 11% compared to PHP 11.98 billion in the same period the previous year and exceeding its quarterly target by 32%.

The bank's total assets rose to PHP 3.43 trillion, reflecting a 5% year-on-year growth from PHP 3.27 trillion, driven by increased loan and investment activity.

The turnover event was attended by several key officials including DOF Chief of Staff and Undersecretary Maria Luwalhati Dorotan Tiuseco, CSSIG Undersecretary Rolando Tungpalan, and National Treasurer Sharon P. Almanza.