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Landbank's net profit rose 5.71% yoy to PHP 16,144 mil in 2018

By Helgi Library - February 20, 2020

Landbank made a net profit of PHP 16,144 mil under revenues of PHP 54,225 mil in 2018, up 5.71% and 22.5% respectively compared to th...

Landbank's net interest income rose 20.8% yoy to PHP 48,033 mil in 2018

By Helgi Library - February 20, 2020

Landbank generated total banking revenues of PHP 54,225 mil in 2018, up 22.5% compared to the previous year. Historically...

Landbank's net interest margin rose 4.21% yoy to 2.73% in 2018

By Helgi Library - February 20, 2020

Landbank's net interest margin amounted to 2.73% in 2018, up from 2.62% compared to the previous year. Historically, the b...

Profit Statement 2016 2017 2018
Net Interest Income PHP mil 33,316 39,756 48,033
Net Fee Income PHP mil 1,710 1,892 1,873
Other Income PHP mil 2,488 2,606 4,319
Total Revenues PHP mil 37,514 44,253 54,225
Staff Cost PHP mil 8,683 11,310 13,853
Operating Profit PHP mil 14,969 16,820 20,695
Provisions PHP mil 144 1,137 4,295
Net Profit PHP mil 14,356 15,271 16,144
Balance Sheet 2016 2017 2018
Interbank Loans PHP mil 42,098 78,378 73,535
Customer Loans PHP mil 501,161 614,454 798,740
Total Assets PHP mil 1,405,270 1,627,130 1,888,780
Shareholders' Equity PHP mil 95,792 116,614 137,017
Interbank Borrowing PHP mil 1.72 0 0
Customer Deposits PHP mil 1,250,650 1,440,200 1,675,530
Issued Debt Securities PHP mil 30,251 25,375 32,431
Ratios 2016 2017 2018
ROE % 15.6 14.4 12.7
ROA % 1.10 1.01 0.918
Costs (As % Of Assets) % 1.73 1.81 1.91
Costs (As % Of Income) % 60.1 62.0 61.8
Capital Adequacy Ratio % ... ... ...
Net Interest Margin % 2.55 2.62 2.73
Loans (As % Of Deposits) % 40.1 42.7 47.7
Growth Rates 2016 2017 2018
Total Revenue Growth % 5.72 18.0 22.5
Operating Cost Growth % 6.80 21.7 22.2
Operating Profit Growth % 4.14 12.4 23.0
Net Profit Growth % 2.77 6.38 5.71
Customer Loan Growth % 11.3 22.6 30.0
Total Asset Growth % 16.5 15.8 16.1
Customer Deposit Growth % 18.8 15.2 16.3
Shareholders' Equity Growth % 7.94 21.7 17.5
Employees 7,834 7,985 8,599

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                          
Net Interest Income PHP mil         ... ... ... 22,668 26,473 29,801 33,316    
Total Revenues PHP mil         ... ... ... 36,078 32,611 35,483 37,514    
Operating Profit PHP mil         ... ... ... 16,390 13,853 14,374 14,969    
Net Profit PHP mil         ... ... ... 11,790 12,642 13,969 14,356    
balance sheet                          
Interbank Loans PHP mil         ... ... ... 16,355 80,019 107,344 42,098    
Customer Loans PHP mil         ... ... ... 322,411 402,187 450,482 501,161    
Debt Securities PHP mil         ... ... ... 230,375 308,777 291,613 459,408    
Total Assets PHP mil         ... ... ... 849,328 1,058,640 1,205,760 1,405,270    
Shareholders' Equity PHP mil         ... ... ... 82,141 84,985 88,748 95,792    
Interbank Borrowing PHP mil         ... ... ... 23,860 20,250 21,767 1.72    
Customer Deposits PHP mil         ... ... ... 704,311 912,894 1,052,390 1,250,650    
Issued Debt Securities PHP mil         ... ... ... 17,434 10,500 10,500 30,251    
ratios                          
ROE % ...       ... ... ... ... 15.1 16.1 15.6    
ROA % ...       ... ... ... ... 1.33 1.23 1.10    
Costs (As % Of Assets) % ...       ... ... ... ... 1.97 1.86 1.73    
Costs (As % Of Income) %         ... ... ... 54.6 57.5 59.5 60.1    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... 14.8 12.9 ... ... ...
Net Interest Margin % ...       ... ... ... ... 2.78 2.63 2.55    
Interest Income (As % Of Revenues) %         ... ... ... 62.8 81.2 84.0 88.8    
Fee Income (As % Of Revenues) %         ... ... ... 2.69 3.99 4.37 4.56    
Staff Cost (As % Of Total Cost) % ...       ... ... ... 38.0 40.4 39.3 38.5    
Equity (As % Of Assets) %         ... ... ... 9.67 8.03 7.36 6.82    
Loans (As % Of Deposits) %         ... ... ... 45.8 44.1 42.8 40.1    
Loans (As % Assets) %         ... ... ... 38.0 38.0 37.4 35.7    
valuation                          
Dividend Per Share PHP       ... ... ... ... 0 0 0 0    
Book Value Per Share Growth % ...       ... ... ... ... 16.8 12.6 11.8    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                          
Interest Income PHP mil         ... ... ... 29,141 33,078 38,618 43,625    
Interest Cost PHP mil         ... ... ... 6,473 6,605 8,817 10,309    
Net Interest Income PHP mil         ... ... ... 22,668 26,473 29,801 33,316    
Net Fee Income PHP mil         ... ... ... 971 1,300 1,550 1,710    
Other Income PHP mil         ... ... ... 12,438 4,838 4,133 2,488    
Total Revenues PHP mil         ... ... ... 36,078 32,611 35,483 37,514    
Staff Cost PHP mil ...       ... ... ... 7,480 7,586 8,305 8,683    
Operating Cost PHP mil         ... ... ... 19,688 18,758 21,109 22,545    
Operating Profit PHP mil         ... ... ... 16,390 13,853 14,374 14,969    
Provisions PHP mil         ... ... ... 1,478 65.8 134 144    
Extra and Other Cost PHP mil         ... ... ... 0 0 < -0.001 0    
Pre-Tax Profit PHP mil         ... ... ... 14,912 13,787 14,241 14,824    
Tax PHP mil         ... ... ... 3,122 1,145 272 468    
Minorities PHP mil         ... ... ... 0 0 0 0    
Net Profit PHP mil         ... ... ... 11,790 12,642 13,969 14,356    
Dividends PHP mil       ... ... ... ... 0 0 0 0    
growth rates                          
Net Interest Income Growth % ...       ... ... ... ... 16.8 12.6 11.8    
Net Fee Income Growth % ...       ... ... ... ... 33.9 19.2 10.3    
Total Revenue Growth % ...       ... ... ... ... -9.61 8.81 5.72    
Operating Cost Growth % ...       ... ... ... ... -4.72 12.5 6.80    
Operating Profit Growth % ...       ... ... ... ... -15.5 3.76 4.14    
Pre-Tax Profit Growth % ...       ... ... ... ... -7.54 3.29 4.10    
Net Profit Growth % ...       ... ... ... ... 7.23 10.5 2.77    
market share                          
Market Share in Revenues %         ... ... ... 9.11 7.96 8.37 7.71   ...
Market Share in Net Profit %         ... ... ... 9.83 10.8 12.2 11.3   ...
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                          
Cash PHP mil         ... ... ... 269,936 253,601 341,825 383,657    
Interbank Loans PHP mil         ... ... ... 16,355 80,019 107,344 42,098    
Customer Loans PHP mil         ... ... ... 322,411 402,187 450,482 501,161    
Retail Loans PHP mil       ... ... ... ... ... ... ... ... ... ...
Corporate Loans PHP mil       ... ... ... ... ... ... ... ... ... ...
Debt Securities PHP mil         ... ... ... 230,375 308,777 291,613 459,408    
Fixed Assets PHP mil         ... ... ... 5,070 5,943 6,780 7,145    
Intangible Assets PHP mil         ... ... ... 380 534 900 995    
Goodwill PHP mil ... ... ...   ... ... ... 0 0 0 0    
Total Assets PHP mil         ... ... ... 849,328 1,058,640 1,205,760 1,405,270    
Shareholders' Equity PHP mil         ... ... ... 82,141 84,985 88,748 95,792    
Of Which Minority Interest PHP mil         ... ... ... 0 0 0 0    
Liabilities PHP mil         ... ... ... 767,187 973,651 1,117,010 1,309,480    
Interbank Borrowing PHP mil         ... ... ... 23,860 20,250 21,767 1.72    
Customer Deposits PHP mil         ... ... ... 704,311 912,894 1,052,390 1,250,650    
Sight Deposits PHP mil       ... ... ... ... 0 392,016 474,530 558,434    
Term Deposits PHP mil       ... ... ... ... 0 520,564 571,330 605,432    
Issued Debt Securities PHP mil         ... ... ... 17,434 10,500 10,500 30,251    
Subordinated Debt PHP mil ... ... ...   ... ... ... 17,434 10,500 10,500 ... ... ...
Other Liabilities PHP mil         ... ... ... 21,583 30,007 32,358 28,576    
asset quality                          
Gross Loans PHP mil       ... ... ... ... 327,773 407,545 456,950 508,364    
Total Provisions PHP mil       ... ... ... ... 5,362 5,359 6,469 7,203    
growth rates                          
Customer Loan Growth % ...       ... ... ... ... 24.7 12.0 11.3    
Total Asset Growth % ...       ... ... ... ... 24.6 13.9 16.5    
Shareholders' Equity Growth % ...       ... ... ... ... 3.46 4.43 7.94    
Customer Deposit Growth % ...       ... ... ... ... 29.6 15.3 18.8    
market share                          
Market Share in Customer Loans %         ... ... ... 7.89 7.88 7.78 7.41   ...
Market Share in Total Assets %         ... ... ... 9.89 10.8 11.2 11.5   ...
Market Share in Customer Deposits %         ... ... ... 11.6 13.4 14.1 14.3   ...
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                          
ROE % ...       ... ... ... ... 15.1 16.1 15.6    
ROA % ...       ... ... ... ... 1.33 1.23 1.10    
Costs (As % Of Assets) % ...       ... ... ... ... 1.97 1.86 1.73    
Costs (As % Of Income) %         ... ... ... 54.6 57.5 59.5 60.1    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... 14.8 12.9 ... ... ...
Net Interest Margin % ...       ... ... ... ... 2.78 2.63 2.55    
Interest Spread % ...       ... ... ... ... 2.71 2.57 2.49    
Asset Yield % ...       ... ... ... ... 3.47 3.41 3.34    
Cost Of Liabilities % ...       ... ... ... ... 0.759 0.843 0.850    
Payout Ratio %       ... ... ... ... 0 0 0 0    
Interest Income (As % Of Revenues) %         ... ... ... 62.8 81.2 84.0 88.8    
Fee Income (As % Of Revenues) %         ... ... ... 2.69 3.99 4.37 4.56    
Other Income (As % Of Revenues) %         ... ... ... 34.5 14.8 11.6 6.63    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... 1,905    
Cost Per Employee (Local Currency) PHP per month ... ... ... ... ... ... ... ... ... ... 92,366    
Staff Cost (As % Of Total Cost) % ...       ... ... ... 38.0 40.4 39.3 38.5    
Equity (As % Of Assets) %         ... ... ... 9.67 8.03 7.36 6.82    
Loans (As % Of Deposits) %         ... ... ... 45.8 44.1 42.8 40.1    
Loans (As % Assets) %         ... ... ... 38.0 38.0 37.4 35.7    
Provisions (As % Of Loans) %       ... ... ... ... 1.66 1.33 1.44 1.44    
Cost of Provisions (As % Of Loans) % ...       ... ... ... ... 0.018 0.031 0.030    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                          
Employees ... ... ... ... ... ... ... ... ... ... 7,834    
Sight (As % Of Customer Deposits) %       ... ... ... ... 0 42.9 45.1 44.7    
Risk-Weighted Assets PHP mil ... ... ... ... ... ... ... ... 469,533 513,059 ... ... ...
Return on Loans %         ... ... ... 3.66 3.49 3.28 3.02    
Operating Profit (As % of Loans) % ...       ... ... ... ... 3.82 3.37 3.15    
Costs (As % Of Loans) % ...       ... ... ... ... 5.18 4.95 4.74    
Equity (As % Of Loans) %         ... ... ... 25.5 21.1 19.7 19.1    

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Landbank's customer loan growth rose 32.7% yoy to 30.0% in 2018

By Helgi Library - February 20, 2020

Landbank's customer loan growth reached 30.0% in 2018, up from 22.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 47.7% in 2008 and an all time low of 11.3% in 2016. In the last decade, the average annua...

Landbank's total revenues rose 22.5% yoy to PHP 44,253 mil in 2018

By Helgi Library - February 20, 2020

Landbank generated total banking revenues of PHP 44,253 mil in 2017, up 18.0% compared to the previous year. Filipino banking sector banking sector generated total revenues of PHP 535,003 mil in 2017, up 10.0% when compared to the last year. As ...

Landbank's customer deposits rose 16.3% yoy to PHP 1,440,200 mil in 2018

By Helgi Library - February 20, 2020

Landbank's customer deposits reached PHP 1,440,200 mil in 2017, up 15.2% compared to the previous year. Filipino banking sector accepted customer deposits of PHP 9,931 bil in 2017, up 13.2% when compared to the last year. Landbank accounted for 14.5% of a...

Landbank's customer loans rose 30.0% yoy to PHP 614,454 mil in 2018

By Helgi Library - February 20, 2020

Landbank's customer loans reached PHP 614,454 mil in 2017, up 22.6% compared to the previous year. Filipino banking sector provided customer loans of PHP 7,915 bil in 2017, up 17.0% when compared to the last year. Landbank accounted for 7.76% of all custo...

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