LANDBANK Turn-Over of Cash Dividends

  • Post category:Speeches

Ralph G. Recto
Secretary of Finance

June 9, 2025
2:00 PM

To my favorite LandBank President and CEO Lynette Ortiz; my favorite National Treasurer Sharon Almanza; my favorite Usecs Alu Dorotan Tiuseco and Rolly Tungpalan; our LandBank Board of Directors; fellow workers in the government: magandang hapon po sa inyong lahat.

Today, we witness not just an act of fiscal discipline and diligence, but a high form of public service.

I would like to thank the LandBank for this 33.5 billion peso dividend remittance—the single highest in our collection this year and the biggest in LandBank’s history, I’m told.

Ang halagang ito ay resulta ng kusang pagbubuti ng serbisyo ng LandBank.

Ibig sabihin, mas maraming magsasaka ang nabigyan ng murang pautang, mas maraming mangingisda ang naabutan ng tulong, at mas masigla ang daloy ng kapital sa tinatawag nating countryside economy.

And all of these, because LandBank chose to serve better, that’s why it was able to give back bigger. And because it gave more, our people will gain more.

Kaya naman hindi lang po tske ang inabot niyo ngayon araw, kundi pag-asa para sa milyon milyong Pilipinong makikinabang dito.

I would also like to thank our own Corporate Sector and Strategic Infrastructure Group for their hard work in helping the DOF oversee our GOCCs. You have helped ensure transparency, accountability, and genuine service for the Filipino people.

This dividend remittance to the National Treasury is living proof that when a government financial institution serves the people well, the nation reaps greater rewards.

Muli, sa ngalan ng bawat Pilipinong makikinabang sa halagang ito—maraming maraming salamat sa LandBank.

Mabuhay po kayong lahat. Mabuhay ang Bagong Pilipinas!

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