Government Banking institution lesson 2 Flashcards
BACKGROUND IS EVOCATIVE OF THE HONOR, DIGNITY, AND NOBLE CHARACTER OF THE FILIPINO PEOPLE, AND THE BSP'S UNWAVERING COMMITMENT TO SERVE THE NATION.
a government financial institutions that strike a balance in fulfilling its social mandate or promoting countryside development while remaining financially viable.
Landbank of the Philippines
Known for Agricultural land Reform
finance the acquisition and distribution of agricultural estates for division and resale to small landholders as well as the purchase of the landholding by the agricultural lessee
Republic Act 3844
(Agricultural Land Reform Code
The LBP is Tax Exempt on all operations, holdings, equipment, property, income and earning.
Republic Act 3844
(Agricultural Land Reform Code
ACA
Agricultural Credit Administration
responsible for extending credit assistance to farmers cooperatives and directly to small farmers.
Agricultural Credit Administration (ACA)
Exempted from cash or stock dividend payments to the national government
Republic Act 3844
(Agricultural Land Reform Code
deficiency and inadequacy both in capitalization and in organization structure to meet the implementation requirements of agrarian reform, the bank was revitalized.
Presidential Decree 251
(Revitalizing LANDBANK)
Granted universal or expanded commercial banking powers to LBP with a social mission of spurring countryside development
Presidential Decree 251
(Revitalizing LANDBANK)
Expanded LBP’s powers to include lending to agricultural, industrial, home-building, or home-financing projects and other productive enterprises.
Presidential Decree 251
(Revitalizing LANDBANK)
Increased the members of the Board of Directors to
7
Presidential Decree 251
(Revitalizing LANDBANK)
Increased the members of the Board of Directors to seven (7):
- Chairman, the Secretary of Finance
- Vice-Chariman, LBP President
- Members (Ex-Officio)
* Secretary of Agrarian Reform
* Secretary of Labor
* Three Members, elected annually
Republic Act 7907 (Amended LBP Charter)
Increased the members of the Board of Directors to nine (9):
Chairman, the Secretary of Finance
- Vice-Chariman, LBP President and CEO
- Members (Ex-Officio)
* Secretary of Agrarian Reform
* Secretary of Labor
* Secretary of Agriculture
* 2 Representatives of Agrarian Reform Beneficiaries
* 2 Representatives from the Private Sector
Republic Act 7907 (Amended LBP Charter)
known for
Code of agrarian reform
________to 25 billion PHP by the Department of Finance and the President of the Philippines.
Increase of Authorized Capital
Republic Act 10374, LANDBANK’s corporate life was extended for a period of 50 years from the expiration of its or its original term of August 8, 2013, renewable for another 50 years.
Extension of LANDBANK’s
Corporate Life
(Providing for COVID-19 Response and Recovery Interventions and Providing Mechanisms to Accelerate the Recovery and Bolster the Resiliency of the Philippine Economy, Providing Funds therefore, and for Other Purposes)
Republic Ac 11494
LBP appropriated with Php 1 billion to subsidize the payment of interest on new and existing loans secured by LGUs from government financial institutions (GFIs)
Republic Ac 11494
Php 27.5 billion to support wholesale banking and equity infusion of the LBP for low interest loans to be extended to persons and entities engaged in industries affected by the COVID-19 pandemic.
Republic Ac 11494
ranks fourth in terms of asset amounting to 2.9 Trillion Pesos as of 2021
LBP
Net Income of 21.05 Billion as of 2021.
LBP
LBP HEADQUARTERS
Malate Manila
Its primary objective is to provide banking services principally to cater to the medium and long-term needs of agricultural and industrial enterprises with emphasis on small and medium-scale industries.
DBP
is classified as a development bank and may perform all other functions of a thrift bank.
DBP
full Islamic Bank and afford Filipinos of the blessings and benefits of Islamic banking, financing and investment.
Al-Amanah Islamic Bank
To be competitive and significant in the banking industry.
Al-Amanah Islamic Bank
Participate in all phases of development especially in the ARMM and Mindanao.
Al-Amanah Islamic Bank
Most common investment srtucture is
Mudarabah
cost + profit
Mudarabah
known as the Charter of Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP).
Republic Act No 6848
is a universal bank authorized to perform and provide Islamic banking, financing and investment services pursuant to R.A. 6848, otherwise known as the Charter of the Al-Amanah Islamic Bank of the Philippines of 1990. In 2008, AAIIBP became a subsidiary of Development Bank of the Philippines, owning 99.9% of its capital stock, which introduced its current logo and tag name. “Amanah Islamic Bank”.
Al-Amanah Islamic Investment Bank of the Philippines