Established on August 8, 1963, LandBank is one of the financial institutions at the forefront of local economic revitalization. Founded as part of the program to help with the purchase of agricultural estates, in 1965, LandBank formed its first board of trustees with the Secretary of Finance as chairman.
In 1973, the bank was in financial distress and did not have the capital and resources needed to implement the land reform program. The Presidential Decree issued in July helped to revitalize the bank and granted it a universal banking license, the first for a Philippines bank.
With its new social mission to boost rural development, the bank's powers now include lending for productive enterprises such as agricultural, homebuilding, home-financing, and industrial projects, as well as farmers' associations and cooperatives.
The decree also increased LandBank’s capital to 3 billion pesos and became exempted from national, provincial, municipal, and city taxes. In 1977, the bank was reorganized and divided into three sectors (Agrarian, Banking, and Operation sectors) to strengthen its operations and better assess its customers’ needs.
Throughout the years, LandBank underwent several amendments in function, capital, and merger with other banks. It is currently the second largest banking institution in the Philippines (in terms of assets). As of April 2022, it has 2,810 ATMs, 58 lending centers, 678 branches, and extension offices, including in rural areas where banking services are limited or non-existent.
Culture & vibe
It is a good company to work with because it will help you to learn and grow in the banking industry, develop new skills, and meet people with different personalities. It has a lot of training and seminars and depending on your position at work, it may also give you the chance to travel to different branches all over the country.
Every day is a busy and productive day. The pressure to meet the quota and the workload is always present, but the co-employees are easy to work with and are willing to help. The employees work in a team, and they will teach all the trainees about their daily routine. However, several insiders suggest that the workplace is more suitable for candidates who like customer-centric jobs.
Fresh graduates and other interested applicants can visit the LandBank’s Career Portal to see the vacant positions, such as Corporate Communication Associate, Corporate Communication Specialist III, System, and Method Assistant, Real Estate Appraiser, Loan Operation Assistant, Customer Care Assistant, IT Specialist, Executive Assistant, Accountant, and Customer Associate.
The general requirements for the positions above are a Bachelor’s degree in related studies, 1 year of relevant experience, and at least 4 hours of related training. Some positions are available nationwide, but others are only available in certain branches and may require the ability to commute or relocate before starting to work.
You can apply in several ways: via email, through their Online Career Portal, walk-in at their Head Office’s Recruitment Division, or via branches and lending centers that have job vacancies. The required supporting documents are a resume, picture, transcript of records, and related certificate or license.
You need to briefly understand the job position and company policy for the interview. Knowledge about current issues and economic changes is an advantage.
Several insiders report that the bank gives competitive salaries. The monthly salary of a Senior Technical Assistant is approximately PHP12,257, Accounting Assistant (PHP13,417), Human Resources Assistant (PHP15,840), Administrative Assistant (PHP18,000-25,0000), Surveyor (PHP22,790), Executive Assistant (PHP20,754-27,755), Administrative Officer II PHP20,000-27,000), Compliance Officer (PHP29,027), Internal Auditor (PHP31,603).
The salary for more experienced positions are approximately PHP 40,000 for a Legal Specialist, PHP40,637 (IT Specialist), PHP44,725-50,000 (Division Chief), PHP45,000-49,000 (Financial Business Analyst), and PHP 84,853 (Department Manager).
Benefits
The following benefits may be given to the employees:
Career prospects
Owned by the government, the bank has a security of tenure and a good reputation. Because it focuses on customer service and client relationships, the corporation magnifies leadership skills and customer-client orientation. It encourages the employees’ growth by organizing capability-building programs and granting access to training for their development and career advancement.