State-run Land Bank of the Philippines has reported a 9-percent decline in its net income for the first quarter of 2026, totaling P12 billion. Despite the dip in profitability, the financial institution is moving forward with a strategic initiative aimed at fostering greater financial inclusion across the country.
In a clear shift toward digital transformation, Landbank has announced the reduction of its digital transaction fee to just P8. This policy change is intended to lower the barriers to entry for everyday Filipinos, encouraging the adoption of digital banking services.
Management remains focused on balancing institutional fiscal health with the bank's mandate to serve the broader public. By lowering transaction costs, Landbank aims to streamline electronic payments and enhance the efficiency of financial services for its vast user base, even as the bank navigates current economic headwinds.