Luzon Development Bank
Formerly | Laguna Development Bank |
|---|---|
| ISIN | 🆔 |
| Industry | Banking, Financial Services |
| Founded 📆 | May 8, 1961 |
| Founder 👔 | |
| Headquarters 🏙️ | Calamba City, Laguna, Philippines |
Number of locations | 39 |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www.ldb.ph |
| 📇 Address | |
| 📞 telephone | |
Luzon Development Bank (abbreviated as LDB) is a thrift bank based in the Philippines. It operates 39 branches across the Luzon island with geographic concentration in the CALABARZON and Metro Manila areas. Its Head Office is located along National Highway, Paciano Rizal, Calamba City, Laguna, Philippines. It is headed by its President, Gerardo T. Auson, Jr.[1][2]
Having an asset base of 5.6 billion pesos as of June 2019[3], it ranks as the 20th among thrift banks in the Philippines.[4]
History[edit]
Leveraging on the commercial and industrial potential of the 1960s Laguna province, Felix Limcaoco Sr. and his sons Rene and Felix Jr., Dolores Santos, Dr. Leon Castillo, Amparo Hocson, and Don Eduardo Barreto established Laguna Development Bank (LDB) with ten employees in its first branch in Calamba City[5][6][7]
It was renamed in 1975 as Luzon Development Bank as its continued expansion went beyond the province of Laguna.[6][7]
LDB was among the four institutions that won a bidding for the sale of 25 branches of Prime Savings Bank in October 2000.[8]
It engaged Pioneer Insurance in 2010 to provide residential, commercial and car insurance for LDB clients.[9] In May 2016, LDB signed up with PLDT's fintech arm Voyager Innovations to utilize the latter's Lendr loan origination platform.[10]
In August 2017, LDB's executives were requested to appear in a Senate hearing as the Philippine government investigated the wealth of then COMELEC Chairman Andres Bautista.[11][12][13][14]
Memberships and Affiliations[edit]
Luzon Development Bank is a member of the following institutions:
- BancNet ATM consortium[15]
- Chamber of Thrift Banks[16]
- Credit Information Corporation (CIC)[17]
- Credit Management Association of the Philippines (CMAP)[18]
- Money Market Association of the Philippines (MART)[19]
- Philippine Clearing House Corporation (PCHC)[20]
- Philippine Deposit Insurance Corporation (PDIC)[21]
LDB is part of LICA Group which covers multiple industries spanning financial services, automotive, hospitality and real estate, among others[22][23]
See also[edit]
References[edit]
- ↑ "Bangko Sentral ng Pilipinas - Banking Supervision". www.bsp.gov.ph. Retrieved 2020-02-27.
- ↑ "Bangko Sentral ng Pilipinas - Inclusive Finance". www.bsp.gov.ph. Retrieved 2020-02-27.
- ↑ "LDB Published Balance Sheet (30 June 2019)". www.bsp.gov.ph. Retrieved 2020-02-27. Unknown parameter
|url-status=ignored (help) - ↑ "Thrift Bank Ranking as to Total Assets". www.bsp.gov.ph. Retrieved 2020-02-27. Unknown parameter
|url-status=ignored (help) - ↑ "Teodoro Limcaoco The banker who promotes inclusive ECONOMIC growth". Manila Standard. Retrieved 2020-03-02.
- ↑ 6.0 6.1 "Luzon Development Bank (LDB) | Devex". www.devex.com. Retrieved 2020-02-27.
- ↑ 7.0 7.1 "LinkedIn: LDB". Retrieved 27 February 2020. Unknown parameter
|url-status=ignored (help) - ↑ "BSP bares winning bidders for Prime Bank branches". philstar.com. 24 October 2000. Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ "Pioneer Insurance partners with thrift bank". philstar.com. Retrieved 2020-03-02.
- ↑ "More banks partner with Lendr for sale of products". Business World Online. Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ "LDB exec keeps mum when prodded on questionable bank transactions". newsinfo.inquirer.net. Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ "Luzon Development Bank tied to Bautista accounts, says Sen. Escudero". GMA News Online. 6 December 2017. Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ Fonbuena, Carmela. "Senators ask Comelec chief to waive bank secrecy rights". Rappler. Retrieved 2020-03-02.
- ↑ "Poe, Chiz grill execs of bank where Andy Bautista kept deposits amounting to millions". Interaksyon. 2017-08-23. Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ "Bancnet: Our Members". www.bancnetonline.com. Retrieved 2020-02-27.
- ↑ "Directory of Member Banks | Chamber of Thrift Banks". Retrieved 2020-03-02.
- ↑ "List of Submitting Entities in Production". www.creditinfo.gov.ph. Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ "Members List". www.cmaphil.com. Retrieved 2020-03-02.
- ↑ "Member Institutions – Money Market Association of the Philippines". Retrieved 2020-03-02. Unknown parameter
|url-status=ignored (help) - ↑ "Member Banks » Philippine Clearing House Corporation". Retrieved 2020-02-27. Unknown parameter
|url-status=ignored (help) - ↑ "Directory of PDIC Member Thrift Banks (Sept. 2019)" (PDF). PDIC. Unknown parameter
|url-status=ignored (help) - ↑ "LICA Group | What We Do". Retrieved 2020-02-27. Unknown parameter
|url-status=ignored (help) - ↑ "Financial Services – Lica Auto Group". Retrieved 2020-03-02.
| Universal banks | |
|---|---|
| Government banks | |
| Commercial banks | |
| Thrift banks | |
| Other banks | |
| Defunct |
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