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» LBPEA NEB ATTENDS APPRECIATIVE LEADERSHIP SEMINAR
Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Thu Nov 23, 2017 10:36 am by sonia

» HMO ENROLLMENT FOR 2018
Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Wed Nov 22, 2017 9:24 am by sonia

» A message from LBPEA Visayas Director SONIA D. BROTARLO
Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Thu Nov 16, 2017 10:30 am by sonia

A message from LBPEA Visayas Director SONIA D. BROTARLO
Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Thu Nov 16, 2017 10:30 am by sonia
Landbank profit up 10% to P2.77B in first quarter Sonia10

It has been two (2) years and six (6) months that this website was closed.  Many were disappointed with the closure but we have to keep up with the fast changing technology - facebook and twitter, among others.  
 
With the remaining one month and a half of my stint as Director for Visayas, I have been ruminative as to the manner of my “consummatum est” in LBPEA.  Thus  here I am re-opening the website pro hac vice for my grand exit. 
 
This is the medium where you first knew me and this is where I want to personally reach out to you to express my deepest and heartfelt “THANK YOU” for all the years that you trusted me. 
 


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 Landbank profit up 10% to P2.77B in first quarter

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earthling1215



Number of posts : 13
Registration date : 2011-04-28

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PostSubject: Landbank profit up 10% to P2.77B in first quarter   Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Tue May 10, 2011 4:41 pm

Landbank profit up 10% to P2.77B in first quarter
By Iris C. Gonzales
(The Philippine Star) Updated May 10, 2011 12:00 AM
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Landbank profit up 10% to P2.77B in first quarter Post-comments


MANILA, Philippines - Land Bank of the Philippines, a
government financial institution, reported yesterday a net income P2.77
billion in the first quarter of this year or 10 percent higher than the
P2.5 billion registered in the same period last year.
Landbank president and chief executive officer Gilda Pico attributed
the strong first quarter performance to higher income from loans and
investments and the bank’s efforts to cut operating costs.
With a higher net income, Landbank’s major financial ratios
strengthened further. Return on equity (ROE) in the first quarter
reached 19.2 percent while the bank’s capital adequacy ratio, or the
principal measure of a bank’s capital strength, improved to 17.7
percent. This is higher than the regulatory requirement of 10 percent.
Data from the bank showed that outstanding loans expanded 14 percent
to P241.4 billion as of end-March from the P212.4 billion recorded the
previous year.
Similarly, the bank’s investments portfolio increased slightly by two percent to P209.8 billion.
Deposits, meanwhile, grew substantially by 18 percent to P480.9 billion or P73.1 billion higher than the previous year.
Assets likewise expanded 16 percent to P604.1 billion from P521.5
billion last year, while capital also grew 16 percent to P58 billion
from P49.9 billion.
Pico said the bank’s higher income would enable it to extend more loans to farmers and to the fisheries sector.

“The sustained increase in net income enables Landbank to
continue providing credit support to priority sectors particularly the
farmers and fisherfolk cooperatives, micro enterprises, and SMEs,” Pico
said.

Landbank provides credit assistance programs to small farmers and
fisherfolk, SMEs and microenterprise and other related projects.
As of last year, Landbank has a network of 325 branches and 885 automated teller machines.
Its priority sectors for lending are mostly agricultural sectors such as farming and fisheries.

---This is not possible without the rank and file's role as the frontliners despite the odds and neglected concerns.
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stormelyne



Number of posts : 50
Registration date : 2011-01-21

Landbank profit up 10% to P2.77B in first quarter Empty
PostSubject: Re: Landbank profit up 10% to P2.77B in first quarter   Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Tue May 10, 2011 5:13 pm

earthling1215
kaya tumaas income ng LBP kase binawasan benefits natin at wla tayo salary increase hehehe Laughing Sad Twisted Evil
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uragon-C215

uragon-C215

Number of posts : 415
Age : 48
Registration date : 2010-08-04

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PostSubject: Re: Landbank profit up 10% to P2.77B in first quarter   Landbank profit up 10% to P2.77B in first quarter Icon_minitime1Tue May 10, 2011 5:25 pm

ASA PA KAYO!!!! Twisted Evil Twisted Evil
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PostSubject: Re: Landbank profit up 10% to P2.77B in first quarter   Landbank profit up 10% to P2.77B in first quarter Icon_minitime1

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