Land Bank of the Philippines

General Information:

Address: 15th Floor, Landbank Plaza, 1598 M H Del Pilar corner Dr. J. Quintos Sts., Malate, Manila 1004
Telephone No: (632) 8405-7326
Email :

Mr. Gonzalo Benjamin A. Bongolan
Designation: First Vice President/ Head, Investment Banking Group; Concurrent Head, Investment Sales and Distribution Department
Tel No : (632) 8405-7326

Date of Incorporation: August 8, 1963

Ownership: National Government

Principal Activity: Specialized Government Bank with Universal Banking Functions

Investment Banking Services:

Debt and Equity Underwriting
Financial Advisory
Loan SyndicationArrangement
Project Finance
Mergers and Acquisition
Unsecured Subordinated Debt Facility
Negotiable Certificates of Deposit
Bond Flotation
Corporate Notes/Bonds Issuance


  • Agrarian Services
  • Credit Facilities
  • Deposit Products
  • Special Lending/Guarantee Facilities:
    • International Banking Services
    • Investment Banking Services
    • Treasury Products
    • Trust Products & Services

Financial Highlights (as of December 31, 2018)
(COA Audited)

Total Assets
Php 1,888,776,079,972.00
Total Liabilities
Php 1,751,759,252,328.00
Total Equity
Php 137, 016, 827,644.00

List of Directors

Carlos G. Dominguez
Secretary, Department of Finance
Cecilia C. Borromeo
Vice Chairperson
President and Chief Executive Officer
William D. Dar
Secretary, Department of Agriculture
John R. Castriciones
Silvestre H. Bello III
Secretary, Department of Labor and Employment
Jesus V. Hinlo, Jr.
Member, Private Sector Representative
Nancy Irlanda Tanjuatco
Member, Private Sector Representative
Virgilio D.V. Robes
Member, Agrarian Reform Beneficiaries Representative
Jaime L. Miralles
Member, Agrarian Reform Beneficiaries Representative

List of Officers

Borromeo, Cecilia C.
Office of the President & CEO
Halog, Carel D.
Executive Vice President
Treasury & Investment Banking Sector
Bornas, Alan V.
Executive Vice President
Operations Sector
Climaco Jr., Julio D.
Executive Vice President
Branch Banking Sector
Geron, Liduvino S.
Executive Vice President
Agricultural & Development Lending Sector
Martin, Leila C.
Senior Vice President
Strategic Initiatives Office
Tagupa, Elsie Fe B.
Senior Vice President
Visayas Lending Group
Monje, Filipina B.
Senior Vice President
Northern & Central Luzon Lending Group
Monteloyola, Ramon R.
Senior Vice President
South NCR Branches Group
Tesorero, Lucila E.
Senior Vice President
Southern Luzon Lending Group
Bautista, Annalene M.
Senior Vice President
Controllership Group
Leyba, Camilo C.
Senior Vice President
East Mindanao Branches Group
Burgos, Ma. Celeste A.
Senior Vice President
Corporate Banking Group
Eje, Renato G.
Senior Vice President
OFW Remittance Group
Lorayes, Alex A.
Senior Vice President
Agrarian Services Group
Kalabud, Khurshid U.
Senior Vice President
East Visayas Branches Group
Ferolino, Althon C.
Senior Vice President
Southeast Luzon Branches Group
Villafranca, Marilou L
Senior Vice President
North NCR Branches Group
Amparado, Amelia S.
Senior Vice President
Compliance Management Group
Gener, Ma. Elizabeth L.
First Vice President
Treasury Support Department
Valdivia, Ma. Cielito D.
First Vice President
Southwest Luzon Branches Group
Lim, Sylvia C.
First Vice President
Central Luzon Branches Group
Carreon, Maria Edelwina D.
First Vice President
Internal Audit Group
Turla, Ma. Belma T.
First Vice President
North Luzon Branches Group
Tamayo, Emellie V.
First Vice President
Lending Programs Management Group
Conde, Charlotte I.
First Vice President
Mindanao Lending Group
Marquez, Noel B.
First Vice President
Legal Services Group
Galang, Winston Rochel L.
First Vice President
Banking Operations Group
Abitona, Alden F.
First Vice President
Technology Management Group
Titar, Ma. Francia O.
First Vice President
Financial Markets Group
Bandiola, Delma O.
First Vice President
West Visayas Branches Group
Vallada, Joselito B.
First Vice President
Human Resource Management Group
Montesa, Randolph L.
First Vice President
Card and Electronic Banking Group
Pangilinan, Elcid C.
First Vice President
Strategy and Knowledge Management Group
Bongolan, Gonzalo Benjamin A.
First Vice President
Investment Banking Group
Oliva, Merceditas N.
Vice President
Financial Accounting
Burgos Jr., Francisco E.
Vice President
North NCRBG Cluster C
Almazar, Lolita M.
Vice President
Trust Banking Group
Paranial, Virgilio C.
Vice President
Buendia Branch
Bayangos, Bernardo B.
Vice President
Isabela Lending Center
Capa, Reynaldo C.
Vice President
Banking Services Group
Cajuguiran, Marietta B.
Vice President
Corporate Banking Department II
Rapanut, Elenita C
Vice President
Branch Banking Support Department
Coronel, Rossana S.
Relationship Officer
South NCRBG Cluster A
Manucom, Ma. Elenita N.
Relationship Officer
North NCRBG Cluster B
Bisnar, Allan R.
Vice President
Cebu South Lending Center
Reyes Jr., Eduardo N
Vice President
Nueva Ecija Lending Center
Madrid, Dina Melanie R.
Vice President
Facilities & Procurement Services Group
Brosas, Emma M.
Vice President
Corporate Banking Department I
Pacio, Lina K
Vice President
West Mindanao Branches Group
Sacramento, Ivy C.
Vice President
Balance Sheet Management Department
Balassu, Ma. Elena A.
Relationship Officer
North NCRBG Cluster A
Martinez, Esperanza N.
Vice President
Public Sector Department
Macapagal, Mylene B.
Relationship Officer
South NCRBG Cluster B
Dimaano, Emmanuel G.
Vice President
Capital Markets Trading Department
Lagapa Jr., Eulalio G.
Vice President
Cebu North Lending Center
Cortez, Marjorie R.
Vice President
Operational Risk Management Department
Faune, Jose Enedicto G.
Vice President
Davao Lending Center
Bisnar, Vivian P.
Vice President
Plaza Independencia Branch
Sazon Jr., Enrique L.
Vice President
Network Operations Department
De Paz Jr., Pacifico C.
Vice President
Electronic Products Department
Sotelo, Rose Marie E.
Vice President
Risk Management Group
Hio Jr., Emmanuel G.
Vice President
Organization Development Department
Lunaria, Cielito H.
Vice President
Retail and Mid-Market Lending Group
Sacro, Roderick P.
Vice President
Litigation Department
Dalampan, Arthur E.
Vice President
Electronic Banking Systems Department
Dayo, Grace Ofelia Lovely V.
Vice President
Retail Banking Systems Department
Masacupan, Adelfa R.
Vice President
Liquidity and Reserve Management Department
Cabañes, Cesar S.
Vice President
Banking Legal Services Department
Peñalosa, Myra-Lyn S.
Corporate Secretary
Corporate Secretary
Berones, Rosanna F.
Vice President
Enterprise Systems Department
Bocato, Maria Aurora R
Vice President
Credit Risk Management Department

Details Of Major Deals

• Joint Issue Coordinator for P 97.0 B Retail Treasury Bonds in August 2010;

• Joint Issue Managers and Coordinators of the $ 400 M & Euro 75 M - 3 & 5-year Fixed Rate Multicurrency Retail Treasury Bonds in US$ & Euro Denominations due 2013 & 2015 in April 2010;

• Joint Lead Underwriter of P 12.0 B Pag-ibig Bonds in March 2010;

• Issuer of the USD 67.5 M LBP US$ Negotiable Certificate of Time Deposit in February 2010 Tranche 2;

• Issuer of the USD 102.5 M LBP US$ Negotiable Certificate of Time Deposit in December 2009 Tranche 1;

• Joint Issue Manager of the National Development Company’s P 3.5 B Agri-Agra Bond Issue in November 2009;

• Co-Lead Underwriter of P 12.0 B Energy Development Corporation’s Fixed Rate Bonds in November 2009;

• Joint Issue Manager and Coordinator of P100.0B Retail Treasury Bonds in September 2009;

• Co-Arranger in P 14.0 B Panay Energy Syndicated Term Loan Facility in September 2009;

• Participating Underwriter of SM Investment Corporation’s P 5.0B Fixed Rate Bonds consisting of 5-Year Series A Bonds due 2014 and 7-Year Series B Bonds due 2016 in June 2009;

• Issuer of the P 6.934 B LBP Tier 2 Capital Notes in June 2009;

• Co-Arranger in P16.0B Syndicated Term Loan for Cebu Energy Development Corporation in May 2009;

• Joint Lead Manager and Underwriter for San Miguel Brewery, Inc.’s P38.8B Fixed Rate Bonds consisting of Series A Bonds, Series B Bonds and Series C Bonds in April 2009;

• Co-Underwriter of National Home Mortgage Finance Corporation’s (NHMFC) P2.1B Residential Mortgaged-Backed Securitization of Low-cost and Socialized Housing Loans in March 2009;

• Co-Arranger in P 14B Syndicated Term Loan for CITRA Metro Manila Tollways Corporation in February 2009;

• Joint Issue Manager and Underwriter to monetize around P12.6B worth of unpaid Internal Revenue Allotments (“IRA”) from the NG under Monetization of IRA Collectibles for Local Empowerment 2 Program (MIRACLE 2) in December 2008;

• Joint Issue Manager and Lead Underwriter of Ayala Land SEC-Registered P4.0B Bonds in August 2008;

• Co-Arranger in Robinson’s Land Corporation’s P2.0B Inverse Floating Rate Notes Due 2013 in June 2008.

• Mandated Lead Arranger in US300.0M Syndicated Term Loan Facility Guaranteed by JG Summit Holdings, Inc. in April 2008;

• Joint Issue Manager and Lead Underwriter for Ayala Corporation’s P6.0B SEC-registered bonds issue in November 2007.

• Joint Issue Manager and Lead Underwriter for Smart Communication, Inc.’s P5.0B Fixed Rate Corporate Notes Issue In February 2007;

• Joint Issue Manager for the P2.0B Retail Treasury Bonds in December 2006;

• Joint Issuer and Underwriter for the P10.6B Monetization of IRA Collectibles for Local Empowerment (MIRACLE) Program in June 2006

• Joint Issue Manager of the National Development Company’s P1.5B Agri-Agra Bond Issue in November 2006;

• Joint Issue Manager of the National Development Company’s P1.5B Agri-Agra Bond Issue in November 2006;

• Issue Manager and Lead Domestic Underwriter for PNOC-EDC’s P16.7B Initial Public Offering in December 2006;

• Joint Issuer and Underwriter for the P10.6B Monetization of IRA Collectibles for Local Empowerment (MIRACLE) Program in June 2006;

• Sole Arranger and Underwriter of the Metropolitan Waterworks and Sewerage System’s P1.5B one-year floating rate bond guaranteed by the Republic of the Philippines in November 2006;

• Issuer of the LandBank US$150.0M Subordinated Notes in October 2006;

• Co-lead Underwriter of the P5.0B bond issue of First Gen Corporation in June 2005;

• Underwriter and Joint Lead Manager of the NAPOCOR’s P5.0 Billion 5-year and 7-year Fixed Rate Power Bonds issuance in April 2005.