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PCC clears Landbank buyout of Postal Bank

MANILA, Philippines — The Philippine Competition Commission (PCC) has given the go-signal to the transfer of state-run Philippine Postal Savings Bank’s asset.....»»

Category: financeSource: philstar philstarJan 13th, 2018

LANDBANK offers P472 million to buy PSE shares in PDS

The Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK) to buyout its shares in the Philippine Dealing System Holdings Corp. (PDSHC) for P472.12 million. In a disclosure to the stock exchange on Friday, April 27, the PSE said LANDBANK offered to buy its shares […] The post LANDBANK offers P472 million to buy PSE shares in PDS appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2018

Dominguez backs Landbank move to acquire controlling stake in PDS

By Melissa Luz T. Lopez, Senior Reporter FINANCE Secretary Carlos G. Dominguez III is backing the move of the Land Bank of the Philippines (Landbank) to acquire the majority stake in the country’s fixed-income exchange, saying that the local stock market operator has taken too much time for the buyout. Mr. Dominguez said he is […] The post Dominguez backs Landbank move to acquire controlling stake in PDS appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 19th, 2018

Landbank buys Postal Savings Bank to make OFW bank

MANILA, Philippines — The Philippine Competition Commission has approved the acquisition of Postal Savings Bank, Inc......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

BSP approves Landbank acquisition of postal bank

THE central bank has approved the acquisition of the Philippine Postal Savings Bank (PPSB) by Land Bank of the Philippines (Landbank), which intends to position the takeover target as a lender for overseas Filipinos. At a signing ceremony involving the Bangko Sentral ng Pilipinas (BSP) and the Philippine Competition Commission (PCC), BSP Deputy Governor Chuchi […] The post BSP approves Landbank acquisition of postal bank appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2017

Bank for OFWs could open in February 2018

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced on Friday, December 22, that it gave state-run Land Bank of the Philippines (Landbank)  the green light to acquire the Philippine Postal Savings Bank (Postbank). The acquisition will pave the way for the opening of the Overseas Filipino (OF) Bank expected as early ........»»

Category: newsSource:  rapplerRelated NewsDec 22nd, 2017

Transfer of Postal Bank assets to Landbank now for Palace OK

MANILA, Philippines — The Department of Finance (DOF) has submitted to President Duterte a draft executive order for the transfer of state-run Philippine Pos.....»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2017

Finance: Landbank takeover of Postal Bank seen 'very doable' by next year

THE planned takeover by the Land Bank of the Philippines (Landbank) of the Philippine Postal Savings Bank, Inc. (Postal Bank) by next year would be "very doable," a senior central bank official said, with the process before the regulator seen to go smooth.....»»

Category: financeSource:  bworldonlineRelated NewsDec 28th, 2016

Landbank mulls OFW Bank listing

MANILA, Philippines – State-owned Land Bank of the Philippines plans to list Postal Savings Bank, which will be converted into a lender catering to overseas.....»»

Category: financeSource:  philstarRelated NewsDec 20th, 2016

Landbank cited for Gawad Katubigan Program

The Land Bank of the Philippines was cited by the Waves For Water (W4W) Global Organization for its contribution to providing access to clean water to disaster-stricken and underserved communities......»»

Category: newsSource:  philippinetimesRelated News1 hr. 14 min. ago

LANDBANK expects to sign SPA for stake in bourse this week

THE LAND BANK of the Philippines (LANDBANK) expects to ink the share purchase agreement (SPA) with the Philippine Stock Exchange (PSE) for the sale of its stake in the country’s fixed income-bourse this week. The post LANDBANK expects to sign SPA for stake in bourse this week appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2018

Landbank 4-month profit jumps 26%

State-run Land Bank of the Philippines posted a 26-percent increase in its net income to P5.07 billion in the first trimester from P4.04 billion a year ago, the Department of Finance (DOF) said. It added that the figure surpassed the bank's P5.04-billion profit goal for the four-month period. In the first four months, Landbank's gross revenue climbed 30 percent year-on-year to P20.4 billion, while interest income on loans also grew 30 percent to P10.6 billion, the DOF said, citing a report submitted by Landbank president and chief executive Alex V. Buenaventura to Finance Secretary Carlos G. Dominguez III Income from investments rose by 5 percent to P6.4 billion as of April, whi...Keep on reading: Landbank 4-month profit jumps 26%.....»»

Category: newsSource:  inquirerRelated NewsJun 5th, 2018

Landbank profit grows 26% in 4 months

State-run Land Bank of the Philippines posted a net income of P5.07 billion in the first four months, 26 percent higher than the P4.04 billion it earned in the same period in 2017, a top official of the bank said......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

LANDBANK targets June deals for PDS majority stake

THE LAND BANK of the Philippines (LANDBANK) hopes to sign deals to acquire a majority stake in the country’s fixed-income exchange by June, with its president saying that current owners have “verbally” agreed to sell their shares to the state-run bank. “The indicators are very positive that we will get at least 66.67% (stake),” LANDBANK […] The post LANDBANK targets June deals for PDS majority stake appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 20th, 2018

LANDBANK to simplify loan offer to farmers

THE Land Bank of the Philippines (LandBank) said it will simplify its application processes to allow farmers better access to its products. LandBank President and Chief Executive Officer Alex V. Buenaventura on Thursday said that the bank will also be approaching farmers directly instead of relying on them to visit bank branches. “This program of […] The post LANDBANK to simplify loan offer to farmers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2018

LANDBANK Posts 52% Increase in Q1 Net Income

The Land Bank of the Philippines reported a net income of P4.26 billion for the first quarter of 2018, 52% higher than the P2.81 billion registered in the same period last year. This is also 13% higher than the Bank’s first quarter target of P3.78 billion. This increase was brought about by a 47% surge […].....»»

Category: newsSource:  metrocebuRelated NewsMay 13th, 2018

Landbank income jumps 52% to P4.26 billion

The net income of Land Bank of the Philippines jumped by 52 percent to P4.26 billion in the first quarter from P2.81 billion in the same period last year on the back of higher interest income......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

LANDBANK income up 52%

Land Bank of the Philippines (LANDBANK) saw its net income surge in the first quarter, supported by strong growth in loans. The state-run lender said it logged a P4.26-billion net profit in the January-March period, 52% higher than the P2.81 billion booked in the same period last year. This was also 13% higher than the […] The post LANDBANK income up 52% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

LANBANK first-quarter profit rises on robust loan growth

Land Bank of the Philippines (LANDBANK) saw its net income surge by half in the first quarter, supported by strong profit growth in loans. The state-run lender said it logged P4.26 billion in profits in January-March, 52% higher than the P2.81 billion booked in the same period last year. This was also 13% higher than […] The post LANBANK first-quarter profit rises on robust loan growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

4Ps Partner-Beneficiaries in Cebu City Receive Their EMV Cards from Landbank

About 2,991 Pantawid Pamilya Pilipino Progral (4Ps) partner-beneficiaries in Cebu City received their EMV (Europay, Mastercard and Visa) chip-enabled cards from Land Bank of the Philippines (LBP) last May 5, 2018. Cebu City is the pilot city in region 7 for the 4Ps EMV migration and only seven barangays were included in this pilot testing. […].....»»

Category: newsSource:  metrocebuRelated NewsMay 9th, 2018

Landbank offers Philippine Stock Exchange P472M for PDSHC stake

MANILA, Philippines – State-run Land Bank of the Philippines (Landbank) took another step to control the bond market with an offer to purchase the stake of the Philippine Stock Exchange (PSE) in Philippine Dealing System Holdings Corporation (PDSHC). The PSE announced in a disclosure on Friday, April 27, that Landbank ........»»

Category: newsSource:  rapplerRelated NewsApr 29th, 2018