Reorganization of Land Bank Board

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EXECUTIVE ORDER NO. 323: Reorganization of Land Bank Board

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Title Supreme Court: Reorganization of Land Bank Board

Law: Executive Order No. 323

Decision Date: Jul 5, 2004

Executive Order No. 323 reorganizes the Board of Directors of the Land Bank of the Philippines to expand its loan portfolio for priority sectors, with the President appointing a representative as Chairman and revoking conflicting executive issuances, rules, or regulations.

priority sectors

A

Government Commitment to Agricultural Sector Development

Recognizes the Government's commitment to supporting the agricultural sector through comprehensive financing and guarantee systems.
Emphasizes the role of the LBP in expanding its loan portfolio, focusing on priority sectors like small farmers, fishersfolk, SMEs, micro-enterprises, agri-businesses, and related projects.

Legal Basis and Amendments

Reaffirms LBP's creation under Republic Act No. 3844 (1963) and amendments via Republic Act No. 7907 (1995).
The reorganization aligns with the bank's institutional priorities and government agricultural development goals.

Repealing Clause

Any existing executive issuances, rules, and regulations inconsistent with this Executive Order are revoked, amended, or modified accordingly.

Effectivity

The Executive Order took effect immediately upon its signing on July 05, 2004.
Signed by the President and attested by the Executive Secretary at the City of Manila.

END