COMPANY BACKGROUND

A group of people from the provinces of Laguna & Batangas, desirous to promote country-side banking in Laguna, organized the Laguna Development Bank on May 8, 1961. LDB began operations with nine employees and a paid-up capital of P1.0M.

In 1975, the name Laguna Development Bank was changed to Luzon Development Bank when it decided to expand beyond the Laguna province. The old name was too limited for the vision of the Board who saw the growth of the bank beyond Laguna to a wider area of Luzon. To date, the Bank has expended to 34 branches in the developing CALABARZON Area. An area the Bank has committed to serve.

The current developments in the financial community have marked the strengths of LDB which are expected to shield it from the prevailing crisis. LDB is one of the thrift banks which are way beyond the minimum P64M capitalization requirement of BSP, making it CALABARZON’s Biggest.

Its stockholders and officers are conservative bankers and its management team is composed of knowledgeable bankers with long years of banking experience and integrity. Having this competitive advantage, Luzon Development Bank has maintained its position in Regional Banking. To sustain this, LDB continues to upgrade its facilities as it focuses on product innovation, effective management, intensive human resources development & personalized costumer service. All this is being done in the Bank’s pursuit of meeting the demands of the community it serves.

COMPANY MISSION

We are committed on our rile 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 aimed 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 the our growth is directly dependent our customers.

We will provide our employees with professional and challenging development through productive, efficient and challenging work, as fail 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.

COMPANY VISION

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

COMPANY CORE VALUES

TOTAL QUALITY CUSTOMER SERVICE
TOTAL BANKING (PRODUCT) KNOWLEDGE
TOTAL PERSONAL COMMITMENT
TOTAL PERSONNEL CARE