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Manila Bulletin devider Business devider Banking & Finance devider Landbank is 6th best employer in PH

Landbank is 6th best employer in PH

Published Nov 8, 2023 09:00 am

Government-owned Land Bank of the Philippines (Landbank) said Wednesday, Nov. 8, that it has been ranked by Forbes as the country’s sixth best employer for 2023.

In a statement, Landbank said it ranked 304th overall globally based on the latest Forbes’ World’s Best Employer list. This was according to a survey of over 170,000 employees from multinational companies and institutions in over 50 countries, it noted.

"Our employees are our greatest asset, right at the center of our vision, purpose, and mandate as a development institution. This recognition highlights our continuous commitment to prioritize our employees and put them in positions where they can best grow and succeed," said Landbank president and CEO Lynette V. Ortiz. Ortiz is appointed as Landbank chief only in May this year.

According to Landbank, the survey rated employers based on various criteria that includes talent development, remote working options, parental leave benefits, diversity, work-life balance, and pride in the company’s products or services.

Landbank said its “efforts to maintaining a positive workplace contributed significantly to its ranking, coupled by its dedication to providing employees with opportunities for professional growth and ensuring a balanced work-life equation.”

Meanwhile, the state-owned bank said it will further enhance its talent management and “cultivate a collaborative work culture towards delivering service excellence.”

Landbank is the largest government bank in the Philippines and the second biggest commercial bank.

As of end-September, it had a net income of P31.85 billion, up 24 percent from P25.7 billion same time in 2022.

For the first three quarters, the bank has a goal of earning at least P26.3 billion. The bank has exceeded that target by P5.6 billion, or about 90.9 percent of the P35 billion full-year target for 2023. 

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