LBP Leasing and Finance Corporation (LLFC), a wholly owned subsidiary of Land Bank of the Philippines (LANDBANK) was created in 1983 to complement the product lines being offered by the Bank. The creation of LBP Leasing and Finance Corporation (LLFC) was in line with Section 21-A of Republic Act 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.
LLFC's 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 limitations
- Obtain financing with no collateral
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