corporate profile 2014

LUZON DEVELOPMENT BANKMezzanine Floor, Checkpoint Mall

Paciano Rizal, Calamba City, Laguna

www.ldb.ph

SUSTAININGTHE MOMENTUM OF

GROWTH

CORPORATE PROFILECORPORATE PROFILE

Nueva Ecija

Metro Manila

Batangas

Rizal

Laguna

QuezonCavite

MAP OF THE PHILIPPINES

RIZAL

CAINTACrosspoint Commercial Bldg., Ortigas Avenue Extension, Sto. Domingo, Cainta RizalT: 02-470-1354 02-477-9421

NUEVA ECIJA

GAPAN JPM Bldg., Maharlika High-way Brgy. San Vicente Gapan City, Nueva EcijaT: 044-486-0257 604-0098

METRO MANILA

LAS PIÑAS 577-A Alabang-Zapote Road, Almanza Uno, Las Piñas T: 02-478-6438 738-1165

MARIKINA J.P Rizal St., Brgy. Sta Elene, Marikina City T: 02-945-5154

MUNTINLUPA CAC Bldg., National Road, Tunasan, Muntinlupa City T: 02-850-2150

PARAÑAQUESan Antonio, Shopping Center, San Antonio Valley 1, Sucat, Parañaque City T: 02-829-2282 820-2055

PATEROS AJ Bldg., 38 M. Almeda St.,cor. Martirez del 96 St.,PaterosT: 02-643-5856

TAGUIG Unit -13 , Karport, 32nd St.,Bonifacio Global City,Taguig City T: 02-544-1848 0929-660407

TABLE OF CONTENTS

ABOUT US

VISION

MISSION

VALUES

To be a leader in regional development banking by providing the community we serve with efficient, responsive and excellent quality of products and services.

• Trustworthiness• Teamwork• Tenacity

We are committed to our role in nation building and its progress based on the free individual citizen working in a free economy. We will help bring the community together and to develop the individuals with the community.

We aim to provide our valued customers with quality banking services. Our personalized service will be quick and friendly, with prudence in handling all assets entrusted to us. We will support our clients in all aspects of their business because we recognize that our growth is directly dependent on our customers.

We will provide our employees with professional and personal development through productive, efficient and challenging work, a fair merit system, development programs and competitive compensation that reflects the amount of quality of their work.

We pledge to our stockholders a fair return on their investment and to safeguard their capital through prudent policies and practices. In all our undertakings, we will act with fairness and in honor. Our goal is quality service to the people we serve—out clients, our stockholders our community.

Financial Highlights

Message to the Shareholders

Our Bank’s Story

Operational Highlights

Corporate Social Responsibility

Board of Directors

Senior Management

Products and Services

Branch Directory

1

2

4

6

9

10

12

14

16

ABOUT THE COVER

The cover summarizes how Luzon Development Bank sustained its momentum of growth. By using a collage of photos, LDB illustrates the many activities, product innovations, service upgrades that were implemented to further its commitment to better serve the banking public.

Sustaining the Momentum of Growth


GROWTH


City

LDB Corporate Profile 17

FINANCIAL HIGHLIGHTS

2014 2013 2012

RESULTS OF OPERATIONS

Gross Income 438.77 300.15 294.22

Total Expenses 432.78 289.01 291.84

Net Income 5.99 11.14 2.37

FINANCIAL CONDITION

Total Assets 5,019.26 3,751.52 3,007.07

Loans and Receivables 3,639.71 2,582.20 2,009.51

Total Liabilities 4,356.54 3,112.98 2,392.15

Deposit Liabilities 4,116.22 2,986.70 2,228.72

Total Equity 662.72 638.54 614.92

PER SHARE

Basic/Diluted Earnings Per Share 1.45 3.26 0.38

Book Value Per Share 170.15 175.89 155.57

Three Year Performance(In million pesos)

1LDB Corporate Profile

MESSAGE TO SHAREHOLDERS

Dear friends,

We are pleased to report to you that 2014 was a remarkable

year for Luzon Development Bank (LDB). We continued to

make good progress in our evolution as a more competitive,

efficient, and customer-focused regional development bank,

while achieving consistent core earnings and providing

substantial value to our customers and shareholders.

SUSTAINING THE MOMENTUM

2014 marked the second year of our 5-year plan, which

until 2017, will be a period of tremendous change for LDB.

We are laying the groundwork—implementing improvements

across your bank’s range of major business activities—to build

a stronger and more resilient LDB that is well positioned for

the future. We are focused on growing core bank deposit

base, expanding loan portfolio, reducing non-performing

assets, improving operating efficiency, and enhancing credit

controls, and you will be delighted to know that we are on

track and committed to realizing these goals.

Amid the very challenging operating environment, LDB

continued to perform. Our performance in the past year,

underscored by robust growth in all areas of operation, puts

LDB on a higher growth trajectory and enables us to further

enhance trust, loyalty, and value among our employees,

customers, communities, and shareholders.

LDB’s loan portfolio greatly expanded, well above the

industry average. The bank’s net income in 2014 before

provision stood at P 80.2 million. The setting up of allowances

in the amount of P 74.2 million resulted in a net income of P

5.99million in 2014 which is 46% lower than the net income

earned in 2013 due to the bank’s conservative approach in

recognizing the need to set up provisions commensurate to

the significant growth in the bank’s loan portfolio.

Our profits were driven by better-than-industry growth in

our core businesses. Net interest income increased 34.8% to

P 222.02 million, while other income grew 19.4% to P 96.27

million. And despite the prevailing low-interest environment,

our net interest margin was at a healthy 5.99%.

LDB’s balance sheet was stronger than ever in 2014.

Total assets expanded 33.8% to P5.02 billion—more than

double the industry average growth of 13.9%—mainly from

the growth in loans and liquid assets. Our loans and deposits

grew faster than the industry average of 13% and 10.3%,

respectively. We registered an impressive 40.9% increase in

loans, expanding our loan portfolio to P3.64 billion, and a

37.8% increase in deposits, pushing our deposit base to P

4.12 billion. Asset quality was maintained, as non-performing

loans (NPLs) only slightly increased from 7% to 9% through

close monitoring and tighter controls. Our loans to deposit

ratio improved to 88%, a clear indication that your bank

continued to earn an optimal return on the loans we extend

to make dreams come true and help businesses thrive.

Our ability to sustain our strong financial position is due

in no small part to the commitment of our employees; to the

investments we made to develop our distribution network, IT

infrastructure, and product offerings; and most importantly,

to the support of our customers and shareholders. LDB has

been operating successfully over the last half century as the

leading regional development bank, and will go on for a

century more, with the continued trust and partnership of our

stakeholders.

FORGING AHEAD

2014 was another successful year where we continued to

meet not only our key financial targets, but also our strategic

objectives. In 2014, LDB became a member of the Philippine

Clearing House Corporation (PCHC). By being a direct

participant in clearing operations, your bank can now process

and clear checks faster and more efficiently—at par with the

bigger banks. And to provide customers with convenient

and secure electronic banking services, LDB also became a

member of BancNet, the largest ATM network in the country.

LDB ATM and Debit cardholders can now enjoy anytime,

anywhere access to their accounts via ATMs, point-of-sale

(POS), Internet banking, and mobile banking.

Guided by our vision, “to be a leader in regional

development banking by providing the community we serve

with efficient, responsive and excellent quality of products

and services,” we will press on, delivering a differentiated

banking experience and undertaking customer-focused

innovations to build strong and enduring relationships and a

stronger platform for long-term value creation.

Thank you for your continued support. 2015 will be an

exciting year of executing our transformational initiatives and

building on LDB’s success. We believe our strategy is sound,

the fundamentals of our business are strong, and our long-

term goals are achievable.

We look forward to reporting on our progress in the

coming year.

FELIX K. LIMCAOCO IIIChairman andChief Executive Officer

NORMAN V.C. AYCOCHOSenior Vice President andChief Operating Officer

“Our ability to sustain our strong financial position is due in no small part to the commitment of our employees; to the investments we made to develop our distribution network, IT infrastructure, and product offerings; and most importantly, to the support of our customers and shareholders.”

Felix K. Limcaoco III Norman V.C. Aycocho

2 3Sustaining the Momentum of Growth LDB Corporate Profile

OUR BANK’S STORY

LAGUNA:A Land of Promise

1960’s In the 1960s, Laguna was a sprawling province of rich and verdant sugar lands and rice fields, an agricultural haven.

It was also strategically located at the doorsteps

of metropolitan Manila, where the country’s economic

development was centered. While agriculture sustained its

residents, commercial and industrial prosperity beckoned.

A few people clearly appreciated the region’s massive

potentials and correctly divined its future. With the province’s

impending growth, Rene Limcaoco, his father, sugar planter

Felix, Sr. and younger brother Felix Jr., Dolores Santos, Dr.

Leon Castillo, Amparo Hocson, and Don Eduardo Barreto

deemed it essential to establish a bank that would address the

requirements of Laguna’s hardworking people. Determined

despite the risks, they placed their faith in the south and

established the Laguna Development Bank, or LDB.

A NEW BANK RISESWith a staff of ten and one location in Calamba, LDB

began its operations anchored on simple yet powerful values:

Teamwork. Trustworthiness. Tenacity. With these tenets, LDB

began earning the trust of consumers, and steadily grew

to a network of 40 branches throughout Metro Manila and

Luzon. It is now the Philippines’ largest private development

bank in the area. With its continued expansion, the bank was

rechristened as the Luzon Development Bank or LDB.

Guiding LDB from its infancy was its first president,

Felix “Bing” Limcaoco, Jr. A product of the University of

the Philippines and Cornell University (Masters), he studied

electrical engineering, placing 4th in the 1952 board

examinations. Yet LDB’s future chairman emeritus found

himself in banking, joining the Philippine National Bank’s

management team and then taking up industrial finance at the

London School of Economics on a Colombo scholarship.

The engineer-turned-banker gave LDB the clarity of

purpose as well as an unwavering commitment to better the

lives of more Filipinos. He also mandated the bank to become

closer to the people by providing a personal and friendly touch

and through this, serve as a catalyst to nation building.

Felix Limcaoco Jr.’s presence was felt at LDB for almost 50

years, until his passing in 2011.

READY TO SERVEAs it continues to grow, LDB reaffirms its commitment

to providing valued customers with quality banking services:

personalized, quick and friendly. It also continues to be prudent

in managing the customers’ assets, valuing trust above all as

the institution’s growth is directly dependent on its customers.

Buoyed by previous years’ record achievements, LDB today

is a steady financial institution at par with industry standards

and competitive at the national level, yet retains its distinct

strength of knowing the region and its people best. Fifty-four

years on, LDB continues to meet the evolving needs of its

customers, and remains ready to serve as best as it can.


2014 was a year of challenge and triumph for LDB. The effective implementation of the Bank’s well crafted business strategies and improved approach towards risk management resulted in a better financial performance in 2014.

With the Bank’s continued transformation into a more

agile, market-driven and customer-centric institution, the

foundation for its further growth and profitability has been

strengthened.

BRANCH BANKING

One of the main drivers of LDB’s performance for 2014

was the continued growth of branch banking business. The

significant progress in its deposit generation efforts during the

year as total deposits grew by 39% from P 2.98 billion to P

4.11 billion. These impressive results were mainly achieved by

leveraging on the Bank’s wide distribution network and well

entrenched relationships in the Calabarzon area.

Enhancing customer experience was a particular focus in

2014. We installed six (6) on-site and four (4) off-site ATMs

providing customers in these branches and nearby areas

convenient access to their accounts and all other ATM

cardholders 24/7. 60 additional ATMs are to be on line

soon, to ensure optimal efficiency in check processing, the

bank became a member of the Philippine Clearing House

Corporation (PCHC) offering the same clearing cut-off time

with peer banks.

CONSUMER BANKING

Consumer lending accelerated to new highs in 2014. Several

initiatives were implemented to improve operating processes

to reduce turnaround time in order to focus more on business

development and client servicing.

We posted a remarkable 87% increase in consumer

lending. LDB’s consumer loan portfolio stood at

P1.781 billion, driven by Auto loans, which grew

more than double to P1.38 billion as we enhanced

our working synergies with auto dealerships.

The prevailing low interest rates made borrowing

favorable to customers.

CORPORATE BANKING

LDB focused its efforts in fortifying its presence in the small-

and-medium enterprise (SME) market providing financing

solutions to farmers and entrepreneurs

in meeting the challenges of running

and growing Agri-businesses and

SMEs.

Our business loan portfolio grew 12%

in 2014, on the back of sustained

demand from the agricultural and commercial sector, and

as result of our continued efforts to accelerate new account

acquisitions and improve account management and our

lending infrastructure. In 2014, we reorganized our Business

Centers in Laguna, Batangas, Cavite, and Manila with the

addition of seasoned account officers with proven track

records of generating new partnerships and strengthening

existing relationships.

ASSET MANAGEMENT

Reducing LDB’s current ROPA portfolio continued

to be a priority in 2014. A total of P 61.8 million in

ROPA was disposed last year. Our Asset Management

team work diligently to turn those non-earning

assets into cash that can be ploughed back into our

operations.

OPERATIONALHIGHLIGHTS


CORPORATE SOCIAL RESPONSIBILITY

REMEDIAL MANAGEMENT

Maintaining asset quality is equally crucial

as expanding loan portfolio. Thus, in

2014, we continued to take proactive

measures to reduce LDB’s non-performing

loans (NPLs), including enhancing our

credit policies, realigning credit functions to improve the

management of distressed accounts, and conducting portfolio

review and stress testing of loan accounts to determine which

clients were vulnerable to negative developments. With

tighter monitoring and controls, we managed to keep our

NPL level at 9% despite the significant growth of our loan

portfolio.

HUMAN RESOURCES

The Bank continued to push forward a comprehensive

employee engagement program in 2014 to develop, motivate

and retain a fully committed workforce that will consistently

deliver excellent service to its customers by providing

continuous training and development interventions for both

branch and head office personnel to further build up core

competencies

The year also saw the implementation of performance-based

employee rating system in determining merit increases based

on established Key Performance Indicators (KPI).

Foremost in the minds of the founders of LDB is its

responsibility towards the community. More than financial

gains, the company is guided by the principle of working for

the common good. Together with the Limcaoco Foundation, LDB has found

ways to make life better via its CSR projects. The projects are

focused on the youth, as they hold the promise of the future.

Through four major projects, LDB provides health and

education assistance to deserving youths of the CALABARZON

area.

ANGELS IN HEAVEN ELEMENTARY CLASSES

In coordination with the Angels in Heaven Elementary

School, Limcaoco Foundation sponsors two Kindergarten

classes for low-income families. Each class has 25 students.

This project also educates parents to be actively involved in

the education of their children.

THE CABUYAO CHILDREN’S CENTER

The Limcaoco ancestral home also houses the Learning

Center. This is where the two kindergarten classes of Angels

in Heaven Elementary School are held. Here at the Center,

one will also find the Children’s Library.

THE HOPE PROGRAM

The HOPE Program (Holistic Professional Excellence) of

the Limcaoco Foundation equips out-of-school youths with

skills to help them become productive members of society.

Through a workshop-seminar format, they are given lessons

on Professional Attitude, Character Team Initiative, Values

Enhancement and Basic Communication Skills Training.

THE READING HABIT: LEARN TO LOVE READING AT

AN EARLY AGE

The Limcaoco Foundation inculcates the value of reading

with its Reading Habit Project. This is held at the Cabuyao

Central Elementary School where children are given lessons

in storytelling, vocabulary retention, read-a-thon contest, and

reading comprehension. In addition to this, the Limcaoco

Ancestral house has a Reading Room that provides

underprivileged kids access to classic and contemporary books

and other developmental forms of learning.

The Limcaoco Foundation is also one of the first

responders in times of calamities. When the southwest

monsoon or Habagat dumped heavy rains in 2012, relief

goods were immediately distributed to the affected barangays

and their families.

One’s success in business is not only measured in

net profits, but also on how much one has given to the

community it serves. Definitely, Luzon Development Bank has

succeeded and exceeded expectations.

The Limcaoco Foundation is headed by Felix Limcaoco, Jr.,

who succeeded his father and the LF founder.

THE LIMCAOCO FOUNDATION: CARING FOR THE YOUTH

OPERATIONAL HIGHLIGHTS

Our business loan portfolio grew 12% in 2014, on the back of sustained demand from the agricultural and commercial sector, and as result of our continued efforts to accelerate new account acquisitions and improve account management and our lending infrastructure.


BOARD OF DIRECTORS

Felix K. Limcaoco IIIChairman/Chief Executive Officer

Dr. Leonido C. CastilloIndependent Director

Atty. Don D. VillamayorDirector

Jose Andres A. LimcaocoDirector/Corporate Secretary

Atty. Rene K. LimcaocoDirector

Tomas V. Clemente, Jr.Independent Director

Antonio L. LimcaocoVice Chairman

Jose Marie L. RamosDirector/Corporate Treasury

Dr. Jose O. JulianoIndependent Director

Oscar S. RamirezDirector

Dr. Francisco L. RomanDirector


AVP DINA R. LUPIGHead, Management Information System

SAVP MELISSA M. BAROAssistant Corporate Secretary, Head, Legal Documentation

SVP NORMAN VIC C. AYCOCHOChief Operating Officer

VP LUNINGNING C.BELEN Chief Compliance Officer

SAVP FRANCISCO A.CAPARAS Chief Finance Officer

SM JASON T. TAMAYOChief Risk Officer

SVP GERARDO T. AUSON, JR.Head, Branch BankingDivision

SAVP MERCEDES B. MARGALLOChief Legal Counsel and Head, Legal Department

AVP FEDERICO B. CASTILLOHead, Credit Services

SM LENY A.UBANAHead, Internal Audit

MGR ISMAEL H.USMAN JR.Head, DepEd Loan

SAVP LEODEGARIO B. TUMLOSHead, Credit Management Division

SM NELSON P. BINOTAPAAML Officer

AVP ALREY R. ALLADINHead, ATM Operations

VP MA. PERPETUA PONCEPURAHead, Human Resource Division

AVP ANDRES R. PAROLANArea Head, Cavite

SAVP RAMON E.TAYAGHead, Cavite Business Center

AVP DONALD REY V.SOTELOHead Training and Employee Relations. Executive DirectorLimcaoco FoundationMan Collection head, Consumer

SAVP RAYMUND P. VILLAVICENCIOHead, Portfolio Management

SM GERALD A. ALCANTARAHead, Acceptance DepartmentCMD

SAVP ROBERTO H. EVANGELISTAHead, Consumer Loans

SAVP MICHAEL B. CHONGHead, Treasury

MGR CESAR D. HERRERO Head, Administration

SAVP JEFFREY T.TANTIADOChief Technology Officer

SM DENNIS D. YSON Head, Corporate Collection

MGR KIM D. LICONG Chief Security Officer

SAVP YLETTE D. RENTEROArea Head, NCR

AVP ROBERTA S. REMOLACIOHead, Branch Operations

AVP RANDY C. CARTABIOHead, Batangas Business Center

AVP CESAR D. NAPALLADHead, Acquired Asset

AVP MARILYN V. SILVAArea Head, Laguna

SENIOR MANAGEMENT

SM MARCELLUS S. MONTILLAHead Auto Collection


DEPOSIT SERVICES

Regular Savings Account – Savings Account is an interest-bearing deposit account evidenced by a passbook, subject to withdrawal slip and passbook. The required initial deposit is P500.00; maintaining balance is P100.00; required Average Daily Balance (ADB) to earn interest is P3,000.00.

Business Savings Account (BSA) – These are Savings Deposits that offer high interest in form of bonus rate provided that the average daily balance (ADB) level for each type is met. These are alternatives to Time Deposit, which are made available for people in business and high net worth individuals.

FLEXI Savings Account – Flexi Savings is a deposit account, which offers a premium rate provided that no withdrawal is made over a period of time. The covering dates of non-withdrawal to the account to earn premium rate is called Incentive Period. Flexi Savings is evidenced by a passbook. The required initial deposit is P100,000.00 and the minimum incentive period is 60 days.

Variable Earner Savings Account – A peso denominated savings account evidenced by a passbook. Clients can enjoy competitive rates of a term placement and the flexibility of a savings account. Client can deposit anytime, withdraw three (3) times a month without incurring service charge(s), and earn higher interest as account balance grows. It can be opened thru personal accounts or non-personal accounts. Minimum deposit requirement is P20,000 for personal accounts and P50,000 for non-personal accounts.

Young Earner Savings Account – A fixed interest bearing savings deposit for children 12 years old and below evidenced by a passbook. This product will help to develop savings consciousness and thriftiness at a young age. Initial deposit requirement is P100 with an interest rate of 1.0% pa.

Regular Time Deposit (TD) – Are funds deposited in the bank with definite maturity date, earn interest and evidenced by a Certificate of Time Deposit (CTD) issued to the depositor. Interest is paid upon maturity and rates are graduated according to the placement period prescribed by the Bank. Minimum required deposit is P5,000.00. Rates to be applied shall be in accordance with Board Rates. TD placement less than 30 days shall not be accepted.

Time Earner (Repriceable) Time Deposit – A long-term non-negotiable (tax exempt) peso denominated time deposit with a term of five (5) years and one (1) day, repriceable semi-annually or annually depending on the amount of the deposit. Interest earned is credited monthly to client’s assigned savings account and it is evidenced by Time Earner (Repriceable) Certificate of Time Deposit. Minimum deposit requirement is P50,000.00.

Current Account (CA) – A non-interest bearing peso demand account, which is the major source of low cost funds for the Bank. This is offered to individuals or entities for personal or business use. Because of the manner of withdrawals and complexities in operating this type of account, strict monitoring and control is required. In establishing new current account, the character, integrity and business reputation of the client must be determined and reciprocal business offered by the account must also be considered.

Initial deposit and maintaining balance for regular CA is P5,000.00.

A reciprocal savings account may be opened with Automatic Fund Transfer Arrangement (AFTA). Initial deposit and maintaining balance for CA with AFTA is P2,000.00.

Managers Check - check issued by the bank used mainly for disbursing proceeds of loan or to a third party named customer.

ATM and Debit Cards - payment card extended to clients which enables the customer to transact deposit, withdrawal, bills payment and other types of banking transactions through interbank networks

CREDIT AND LOAN PRODUCTS

The Bank’s loan portfolio concentration has always been focused on Small and Medium Enterprises (SMEs). It has provided substantial support to this sector more than the government’s mandatory requirement of at least 6% and 2% of the Bank’s total loan assets for small and medium enterprises respectively. SMEs refer to any activity or enterprise engaged in industry, agribusiness, trade or services, whether /Individual/single proprietorship, partnership or corporation, with total asset size falling under the following categories:

CORPORATE LOANS

Revolving Credit Line – Revolving Credit Line Facility may also be made available to SMEs on short-term basis. This will enable the entrepreneur to bridge temporary shortfall in cash flows and avoid disruption of day-to-day operations of the business

Industrial Loan – These are medium or long term loans granted to finance acquisition of fixed assets relative to the establishment or expansion of industrial or agro-industrial projects or any business related to production of goods and services.

Real Estate Development Loan – Credit facility extended to buy real estate, prepare it for construction and erect houses.

Agricultural Credit – Includes all loans granted to borrowers, whether beneficiaries of agrarian reform or not, to finance activities relating to agriculture; processing, marketing, storage and distribution of products resulting from these activities.

Purchase Agreement-Contract to Sell – This is a credit facility extended by the bank to real estate developers to finance their receivables covered by Contracts to Sell (CTS) with the different buyers/end users, whose purpose is the acquisition or purchase of house & lot or lot. In this facility, the bank will purchase the developer’s receivables/CTS at a discount covered by a Purchase Agreement. In this credit facility major considerations must be given to both the developers and the existing buyers or end users. The account officer must undertake all requisite credit investigations, financial & credit analysis relative to stability, soundness and profitability of the developer and the paying capacity of the end users/buyers. This can be entered into either with or without recourse between the bank & the real estate developer.

Back-to-Back Loans – The Bank offers back-to-back credit facility to its depositors. The loan is fully secured by assignment of deposit. This is being encouraged considering that assets and liabilities of the Bank are fully utilized at minimum risk.

Bills Purchased Line – Clean – Bills Purchased (BP) line is a type of quick and clean credit accommodation. It represents the purchase of clean bills, i.e., checks, drafts and other similar instruments, proceeds of which are credit to the customer’s deposit account as clear funds.

CONSUMER LOANS

Consumption Loan – Loans may also be extended to individuals or businessmen who need funds for personal use. This is also secured by acceptable collateral

Home Loan Credit Facility – Is a credit facility specifically design not only for Housing loans but also caters acquisition of house and lot, h ouse construction and refinancing of existing housing loans with other banks.

Auto Loan – a credit facility designed for acquisition of brand new or secondhand motor vehicles for personal or business use.

Consumption Loan: “Salary Maximizer” – A credit facility designed to finance all the personal needs of executives and employees of the accredited business enterprises or companies termed as “Salary Maximizer”

Microfinance – Microfinance are small loans granted to the basic sectors, on the basis of the borrower’s cash flow and other loans granted to the poor and low-income household for their micro enterprises and small businesses to enable them to raise their income levels and improve their living standards.

DepEd Automatic Payroll Deduction System (APDS) for Public School Teachers – A multi-purpose salary loan program offered to public school teachers and non-teaching personnel of the Department of Education where monthly loan amortization is assured by DepEd under its Automatic Payroll Deduction System (APDS).

MISCELLANEOUS SERVICES

1. Remittance Services – Western Union, TetNet2. ATM Services– Bancnet3. Internet Banking - Bancnet4. PLDT, Smart, Smart Bro Payment5. Globe, Innove Payment6. Royal Cable Payment7. BATELEC8. PhilHealth9. Other payment services

PRODUCTS AND SERVICES


Nueva Ecija

Metro Manila

Batangas

Rizal

Laguna

QuezonCavite

MAP OF THE PHILIPPINES

RIZAL

CAINTACrosspoint Commercial Bldg., Ortigas Avenue Extension, Sto. Domingo, Cainta RizalT: 02-470-1354 02-477-9421

NUEVA ECIJA

GAPAN JPM Bldg., Maharlika High-way Brgy. San Vicente Gapan City, Nueva EcijaT: 044-486-0257 604-0098

METRO MANILA

LAS PIÑAS 577-A Alabang-Zapote Road, Almanza Uno, Las Piñas T: 02-478-6438 738-1165

MARIKINA J.P Rizal St., Brgy. Sta Elene, Marikina City T: 02-945-5154

MUNTINLUPA CAC Bldg., National Road, Tunasan, Muntinlupa City T: 02-850-2150

PARAÑAQUESan Antonio, Shopping Center, San Antonio Valley 1, Sucat, Parañaque City T: 02-829-2282 820-2055

PATEROS AJ Bldg., 38 M. Almeda St.,cor. Martirez del 96 St.,PaterosT: 02-643-5856

TAGUIG Unit -13 , Karport, 32nd St.,Bonifacio Global City,Taguig City T: 02-544-1848 0929-660407

TABLE OF CONTENTS

ABOUT US

VISION

MISSION

VALUES

To be a leader in regional development banking by providing the community we serve with efficient, responsive and excellent quality of products and services.

• Trustworthiness• Teamwork• Tenacity

We are committed to our role in nation building and its progress based on the free individual citizen working in a free economy. We will help bring the community together and to develop the individuals with the community.

We aim to provide our valued customers with quality banking services. Our personalized service will be quick and friendly, with prudence in handling all assets entrusted to us. We will support our clients in all aspects of their business because we recognize that our growth is directly dependent on our customers.

We will provide our employees with professional and personal development through productive, efficient and challenging work, a fair merit system, development programs and competitive compensation that reflects the amount of quality of their work.

We pledge to our stockholders a fair return on their investment and to safeguard their capital through prudent policies and practices. In all our undertakings, we will act with fairness and in honor. Our goal is quality service to the people we serve—out clients, our stockholders our community.

Financial Highlights

Message to the Shareholders

Our Bank’s Story

Operational Highlights

Corporate Social Responsibility

Board of Directors

Senior Management

Products and Services

Branch Directory

1

2

4

6

9

10

12

14

16

ABOUT THE COVER

The cover summarizes how Luzon Development Bank sustained its momentum of growth. By using a collage of photos, LDB illustrates the many activities, product innovations, service upgrades that were implemented to further its commitment to better serve the banking public.

Sustaining the Momentum of Growth


GROWTH


City

LDB Corporate Profile 17

LDB CORPORATE OFFICEMezzanine Floor Checkpoint Mall Paciano Rizal, Calamba City T: 02-779-6080 (Manila Line)

049-531-3700 (Laguna Line)

MAKATI GF Somerset Olympia Makati Avenue, MakatiMakati CityT: 02-896-2759

02-896-2655

LAGUNA

H.O ( MAIN ) GF Checkpoint Mall Paciano Rizal, Calamba City T: 049-531-3700

ALAMINOSAlaminos Public Market,Del Pilar St., Alaminos, LagunaT: 049-567-1351 805-1407 / 805-1870

BIÑAN J. Gonzales St., Poblacion, Biñan, LagunaT: 049-511-6350 242-2854 411-4882 4742

CABUYAO J.P. Rizal Avenue, Sala,Cabuyao, LagunaT: 049-531-2354

CALAMBA Burgos St., Calamba City, LagunaT: 049-545-1821 834-1037 CALAUAN G/F Bose Bldg. 2,Geirosa St., Calauan, Laguna T: 049-568-0029

CANLUBANG Carmel Mall, Jose Yulo Blvd. Canlubang, Calamba CityT: 049-549-7257

LOS BAÑOS Villegas Compound, UPLB, College, Los Baños, Laguna T: 049-536-3280 827-3987

PACITA Unit D, Block 6 Lot 50/52,Pacita Avenue, Pacita Complex 1, San Pedro, Laguna T: 02-808-0548 529-2836

SAN PABLO Mabini Avenue,San Pablo City, Laguna T: 049-562-0248 / 3206

SAN PEDRO 1 Luna St., Poblacion,San Pedro, Laguna T: 02-808-0052/ 0402 520-4028

STA. ROSA Cor. J.P. Rizal Blvd.and F. Gomez St.,Sta. Rosa City, Laguna T: 049-534-1117 837-5282

BATANGAS

BATANGAS CITYKumintang Ibaba,Batangas CityT: 043-723-1031 300-2644

BAUAN 26 Binay St. cor. San Rafael St.,Poblacion III, Bauan, BatangasT: 043-727-1317 305-0553 980-3180

LEMERY Ilustre Avenue,Lemery, BatangasT: 043-411-1432 409-0146

LIPA T.M. Kalaw cor. Mabini Sts.,Lipa City, Batangas T: 043-411-1432 312-0699

ROSARIO ABS & S Bldg., Carandang St.,Brgy. Del Rosario, Batangas T: 043-414-0012

SAN JOSE Banay-banay I,San Jose, Batangas T: 043-726-3220

STO. TOMAS Gen. Malvar Avenue, Sto. Tomas, Batangas T: 043-778-1960 318-0339

TANAUAN Mabini St., Tanauan, BatangasT: 043-778-0910 405-0371

CAVITE

BACOORUnit B. Addio Business Centre Aguinaldo High-way,Brgy. Talaba, Bacoor, CaviteT: 046-434-8180/8184 870-1086

CARMONA JM Loyola St., Poblacion, Carmona, CaviteT: 046-430-0815 889-0238

DASMARIÑAS San Agustin St. 3,Dasmariñas, CaviteT: 046-416-0803 / 0903GEN TRIAS Gov. L. Ferrer Avenue,General Trias, CaviteT: 046-437-0349 887-2498

GMA Congressional Avenue,San Gabriel, GMA, Cavite T: 046-972-2036 890-2126

NOVELETA General L. San Miguel St., Poblacion, Noveleta, Cavite T: 046-438-1726 883-0481

TANZA A. Soriano Hi-wayDaang Amaya, Tanza, CaviteT: 046-437-0556 885-1137

TRECE MARTIRES Brgy. Luciano,Trece Martires City, CaviteT: 046-419-0449 864-0103

QUEZON

CANDELARIA Argao - Bustamante St., Candelaria, Quezon T: 042-585-4061 741-1330

SARIAYA Gen. Luna St.,Sariaya, QuezonT: 042-525-9551 651-1423

TIAONG Doña Tating cor. Umali Sts., Tiaong, Quezon T: 042-545-8268 652-1138

email: [email protected]: www.ldb.phfb: www.facebook.com/ldb1961

BRANCHES

16 Sustaining the Momentum of Growth

corporate profile 2014

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