Monday, March 27, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

LandBank’s profit grew 38% to P30.1b last year

Julito G. RadabyJulito G. Rada
February 5, 2023, 7:10 pm
in Business, Money
Reading Time: 1 min read
A A
Share on FacebookShare on TwitterShare on Email

State-run Land Bank of the Philippines posted a 38.2-percent increase in net income in 2022 to P30.1 billion from P21.7 billion in 2021 and surpassed by almost P5 billion its full-year target of P25.7 billion.

LandBank president and chief executive Cecilia Borromeo said in a statement over the weekend the bank also breached the P30-billion mark in total net income for the first time, driven by the substantial interest income from loans and investments, alongside earnings from fees, commissions and foreign exchange, among other income sources.

“LandBank’s strong performance in 2022 represents another milestone year, with a solid balance sheet that continues to overcome external headwinds and yield sustainable growth,” Borromeo said.

“We look forward to a more favorable economic environment this year, as we take on a more prominent role in nation-building as a development institution,” she said.

Assets posted a double-digit expansion of 21.5 percent to P3.1 trillion from P2.6 trillion. The increase was driven by deposits, expanding by 21.8 percent to P2.8 trillion from P2.3 trillion in 2021. Julito G. Rada

ADVERTISEMENT
Tags: Land Bank of the PhilippinesLandBanknet income
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

PLDT eyes investors in data center unit

byDarwin G. Amojelar
March 26, 2023, 6:45 pm
0
8
Luck of draw could send PH to Tokyo Olympics

PLDT Inc. said over the weekend it held exploratory talks with financial advisers to bring in potential investors in its...

Read more

Ayala Land plans to sell P22b worth of fixed-rate bonds

byJenniffer B. Austria
March 26, 2023, 6:41 pm
0
8
Ayala Land’s profit rose 38% to P2.55b in the third quarter

Property developer Ayala Land Inc. plans to raise up to P22 billion from the issuance of fixed-rate bonds. ALI said...

Read more

Visa processing bottleneck restrains tourism growth

byOthel V. Campos
March 26, 2023, 6:35 pm
0
8
CONCEPCION INDUSTRIAL CORPORATION: Notice of the Annual Stockholders’ Meeting

The Department of Tourism warned over the weekend about losing P2.51 billion in industry revenues if the government fails to...

Read more

Holcim PH reported 63% drop in profit last year on weak demand, higher costs

byJenniffer B. Austria
March 26, 2023, 6:30 pm
0
8
Holcim investing P210m in factories

Cement manufacturer Holcim Philippines Inc. said over the weekend net income reached P942 million in 2022, down 63 percent from...

Read more

ERC asked to submit action plan to resolve more than 20 unapproved power supply deals

byAlena Mae S. Flores
March 26, 2023, 6:25 pm
0
8
Gatchalian eyes ‘tandem vote’ bill for President, VP

Senator Sherwin Gatchalian asked the Energy Regulatory Commission to submit an action plan to resolve the more than 20 cases...

Read more

Stocks face volatility amid dovish US Fed

byJenniffer B. Austria
March 26, 2023, 6:20 pm
0
8
Stock market surges; PLDT, Globe advance

Local stocks are expected to continue facing volatility amid the dovish US Federal Reserve’s stance and the uncertainty on the...

Read more

Print Edition

View More

Recent Posts

  • First Lady posts snap of Imelda to put rumors of demise to rest
  • Standard debuts ‘Environment & Sustainability’
  • San Miguel cop chief shot dead in robbery try
  • Oil spill compensation seen eclipsing P1.1-b 2006 record
  • Brace for water interruptions, El Niño—Maynilad
  • SC sides with LTO on card project
  • Gov’t letting US dictate terms of EDCA—group
  • The capable Lady Legislators of Western and Central Visayas

Advertisement

Latest News

SC sides with LTO on card project

byRey E. Requejo
March 27, 2023, 1:35 am
0
8
SC sides with LTO on card project

The Supreme Court has ruled that the Land Transportation Office (LTO)’s use of the P341.7 million left in its 2016...

Read more

Gov’t letting US dictate terms of EDCA—group

byManila Standard
March 27, 2023, 1:30 am
0
8
Southwoods nails Seniors’ Fil golf crown

The Marcos administration has been misleading Filipinos on the Enhanced Defense Cooperation Agreement (EDCA) by letting the United States dictate...

Read more

The capable Lady Legislators of Western and Central Visayas

byPatricia Bianca S. Taculao
March 27, 2023, 1:25 am
0
8
The capable Lady Legislators of Western and Central Visayas

Due to its booming economy, rich history and culture, and captivating landscapes, the island group of Visayas continuously impresses local...

Read more

San Miguel companies post key water savings milestone

byManila Standard
March 27, 2023, 1:20 am
0
8
MPIF Enlarges Blue Footprint for PH Biodiversity Protection & Conservation

San Miguel Corp. recorded a milestone on World Water Day (March 23, 2023) after its businesses collectively saved some 33,865,901,000...

Read more

Converge appoints Chief Sustainability Officer in drive to deliver on sustainability commitment

byManila Standard
March 27, 2023, 1:15 am
0
8
MPIF Enlarges Blue Footprint for PH Biodiversity Protection & Conservation

Leading fiber broadband provider Converge ICT Solutions Inc. has named Benjamin B. Azada as its Chief Sustainability Officer, concurrent with...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App