LBP Leasing and Finance Corporation

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.

The Corporation was created by LANDBANK to provide support to Land Bank and its clients thru financing and leasing (both financial and operating facilities). It has a secondary license to operate as a Finance Company from the Securities and Exchange Commission (SEC).

About us I. Introduction LBP Leaing and Finance Corporation LLFC (formerly LBP Leasing Corporation ) is a subsidiary of Land Bank of the Philippines. LANDBANK was created under the Corporation Code of the Philippines, March 17, 1983, to supplement the Bank's product offerings. Leasing facilities from LLFC make it easy for businesses to grow, improve, or modernize. Leasing allows enterprises, among other things, to match financing terms with capital asset earning potential.

Maintain working capital, credit lines and work capital. Fix existing budget limitations and obtain financing without collateral II. HISTORIY A. Histories The formation of LBP Leasing and Finance Corporation was done in accordance with Section 21A of Republic Act No.

The General Banking Act, Section 337 allows banks like LANDBANK the ability to invest in equities owned by companies that are allied with leasing activity. LANDBANK created the Corporation to support Land Bank clients and their customers through financing and leasing, both financial and operational. The Securities and Exchange Commission SEC has granted it a second license that allows them to be a Finance Company. LLFC was established as a 100% owned subsidiary of Land Bank of the Philippines LBP.

It had an initial capital of two million nine hundred pesos P2,000,000.00 and an authorized capital of twenty-six millions Pesos P26,000,000.00. SEC approved an increase in authorized capital from Five Hundred million Pesos P500,000,000.00 to Eight Million Nine Hundred Pesos P8,000,000.00. The company's subscribed capital stock was valued at Four Hundred Eighty Five Million Fifty-Fifty-Two Hundred Fifty Fifty Pesos (P485,552,550.00) as of December 31, 2018. SEC approved the amendments to LLFC's Articles of Incorporation on November 3, 2015: Change of name LBP Leasing and Finance Corporation.

Amendments of Articles I and II. B. LEGAL BASIS LLFC registered under SEC Registration Number. LEGAL BASIS LLFC was registered with the Securities and Exchange Commission under SEC Registration No.

It was incorporated under the Batas Pambansa Blg. 68 is also known as the Corporation Code of the Philippines. SEC authorized LLFC to be a financing company under the Financing Company Act of 1997 Republic Act No. SEC approved LLFC to operate as a financing company in accordance with the Financing Company Act of 1998 Republic Act No. 042 was issued on March 18, 1983. On 8 December 2015, a replacement certificate was issued to indicate the modification of Corporate's primary purpose and corporate address.

III. PRIMARY PURPOSE According to the amended Articles of Incorporation, approved by SEC November 3, 2015: LLFC s principal purposes include direct leasing, financial leasing, and to arrange, underwrite, and manage leases for all equipment, machines and facilities. Finance merchandise of all types. Credit facilities may be extended to assist with the creation, operation, development and expansion of productive and profitable industrial, agricultural, or commercial enterprises.

To make loans within the legal limits. As permitted by law raise funds to support company operations via the issuing of debt instruments or the securitization its assets. Director of the Board as of November 29, 2022. Cecilia C.

Borromeo CORPORATE VISION Provide non-bank financial services that are accessible, affordable, and responsive to LBP borrowers and government offices in support of National Government Agenda. CORPORATE VISION GUIDING PRINCIPLES Solution Provider Learning Organization LLFC is an organization which enhances the value of its employees, as individuals and professionals. LLFC is committed to continuous improvement and striving for perfection. Financially Sound and Strong Institution LLFC is able to achieve the profitability levels desired by stockholders.

LLFC will have a strong financial position which will be attractive to investors and lenders. Socially Responsible Organization ICT-Oriented LLFC uses appropriate technology to improve its operational efficiency and serve clients better. Our team is looking for talented individuals. Get involved now to build your career.

Check it out!