Transparency Seal — Institutional Identity & Corporate Structure
LLFC
Est. March 17, 1983
Legal: Republic Act No. 337
LBP LEASING AND FINANCE CORPORATION (LLFC, formerly LBP Leasing Corporation), a wholly owned subsidiary of Land Bank of the Philippines (LANDBANK) was established under the Corporation Code of the Philippines on March 17, 1983 to complement the product lines being offered by the Bank. LLFC's leasing facilities make it easier for enterprises to expand, upgrade, or modernize their operations. Among others, leasing enables enterprises to: Match financing terms with the earning potential of the capital asset; Preserve working capital and credit lines; Address existing or current budget limitation
Milestones
| 1983 | Creation of LBP Leasing and Finance Corporation was in line with Section 21 A of Republic Act No. 337 or the General Banking Act which allows banks such as LANDBANK to invest in equities of companies with allied undertaking such as leasing activities. |
| 1997 | SEC approved the increase of authorized capital to Five Hundred Million Pesos (P500,000,000.00) and subscribed capital stock to Eight Million Nine Hundred Pesos (P8,000,900.00) |
| 2015 | LLFC's Articles of Incorporation was amended and approved by SEC on 03 November 2015 with the following amendments: Change of name to LBP Leasing and Finance Corporation Amendment of Articles I, II, and III thereof. |
| 2018 | As of 31 December 2018, the subscribed capital stock of the company amounted to Four Hundred Eighty-Five Million Five Hundred Fifty-Two Thousand Five Hundred Fifty Pesos (P485,552,550.00) |
| 2024 | On 06 August 2024, the Office of the President issued Executive Order 65 s. 2024 Approving the Merger of LBP Leasing and Finance Corporation and UCPB Leasing and Finance Corporation, with LLFC as surviving entity. |
| 2025 | On 28 February 2025, SEC approved the aforementioned merger and the increase in LLFC’s Authorized Capital Stock from Five Hundred Million Pesos (P500,000,000.00) to One Billion Five Hundred Million (P1,500,000,000). The SEC also approved the Amended Articles of Incorporation and By-Laws of the Corporation on the same date. |
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71 Projects · Total Budget ₱8.9M
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