The Securities and Exchange Commission (SEC) has approved the documents
governing the merger between LANDBANK subsidiaries—LANDBANK Leasing and
Finance Corporation (LLFC) and UCPB Leasing and Finance Corporation (ULFC) on
February 27, 2025—officially completing the consolidation, with LLFC as the sole
surviving entity. The operational turnover and transition activities immediately
followed the SEC approval.
The integration is in accordance with Executive Order (EO) 65 signed by President
Ferdinand R. Marcos Jr. on 6 August 2024, which authorized the merger, as it
eliminates unnecessary overlap in mandates and functions.
The merger follows the 2022 integration of the United Coconut Planters Bank (UCPB)
into LANDBANK, which brought ULFC under LANDBANK’s umbrella.
"This merger is a strategic step towards strengthening our leasing and finance
operations, ensuring greater efficiency and financial capability to support key
sectors. By consolidating LLFC and ULFC into a single entity, we are optimizing
resources, expanding market reach, and bolstering our contribution to the
government’s inclusive growth agenda," said LANDBANK President and CEO Lynette
V. Ortiz.
The consolidation aligns with the government's broader effort of strengthening
state-owned financial institutions by enhancing their capital base and operational
efficiency. It positions LLFC to scale up support for agriculture, infrastructure
development, and small and medium enterprises (SMEs), aligning with LANDBANK’s
mission of advancing inclusive and sustainable growth.
LANDBANK assures all clients of LLFC and ULFC that the merger process was
designed for a smooth and orderly transition, ensuring uninterrupted customer
service.
With this merger, LANDBANK expands its financial services and reinforces its role in
driving national economic development.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting
financial inclusion, digital transformation, and sustainable national development.
Present in all 82 provinces in the county, the Bank is committed to provide
accessible and responsive financial solutions to empower Filipinos from countryside
to countrywide.
