Landbank net income climbs in first 9 months of 2023

ABS-CBN News

MANILA -- State-owned Landbank said its net income climbed 24 percent to P31.85 billion in the first 9 months of 2023, from the P25.7 billion it registered in the same period in 2022. The lender said these figures exceed the state-run Bank’s target of P26.3 billion for the first three quarters and represents 90.9 percent of the P35 billion full-year 2023 target.The bank said they had P91.15 billion in interest income from loans and investments, more than 35 percent up from last year&#x27;s figures. Landbank added that its total assets grew by 11.5 percent to P3.1 trillion, on the back of a 12.8 percent year-on-year expansion of deposits to P2.7 trillion.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/31/23/landbank-waives-fees-for-fund-transfers-below-p1k">Landbank fund transfers below P1k now free</a></li>	<li><a href="https://news.abs-cbn.com/business/10/23/23/landbank-unveils-new-deposit-product-with-tiered-interest-rates">Landbank unveils new deposit product with tiered interest rates</a></li></ul>The state-owned lender also said its capital jumped 21.9 percent to P249.2 billion, from P204.4 billion in the same period in 2022.This already exceeds the full-year target of P243.8 billion for 2023.This bank said its return on equities settled at 15.97 percent. Landbank recently said it still has enough capital to comply with Bangko Sentral ng Pilipinas requirements even after putting P50 billion as seed money for the Maharlika Investment Fund.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/15/23/landbank-says-it-has-enough-money-to-meet-bsp-requirements">Landbank says it has enough money to meet BSP requirements</a></li></ul>

The lender said these figures exceed the state-run Bank’s target for the first three quarters, and represents 91 percent of the full-year target.

Landbank net income climbs in first 9 months of 2023 | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

Landbank net income climbs in first 9 months of 2023

Landbank net income climbs in first 9 months of 2023

ABS-CBN News

Published Nov 01, 2023 02:57 PM PHT

Read More:

Landbank

Landbank of the Philippines

earnings

income

9M 2023

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2025 ABS-CBN Corporation. All Rights Reserved.