LANDBANK Vice President Esperanza N. Martinez (4th from left) joins fellow financial institution leaders in support of the country’s local businesses during the National MSME Summit 2023 in Manila. In celebration of the National Micro, Small and Medium Enterprise (MSME) Week, the Land Bank of the Philippines (LANDBANK) reaffirms its full support to the MSME sector through the provision of accessible and affordable financing. As of end-June 2023, the state-run Bank saw its outstanding loans to MSMEs reach P49.5 billion benefitting over 6,100 borrowers in support of business expansion and acquisition of fixed assets, among others. “LANDBANK recognizes the crucial role of MSMEs in advancing economic development and job generation. We will continue to work with various government partners to grow our loan portfolio for the sector and open more opportunities for our local entrepreneurs,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK Vice President Esperanza N. Martinez discussed the Bank’s efforts to provide MSMEs wider access to responsive financing at the National MSME Summit 2023 organized by the MSME Development Council on 18 July 2023. On top of its regular loan facilities, LANDBANK has been offering special lending programs dedicated to the needs of MSMEs and aspiring entrepreneurs. Under the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK provides credit and loan restructuring assistance to MSMEs severely affected by the COVID-19 pandemic under more flexible terms and conditions. The Bank launched the I-RESCUE Lending Program at the onset of the pandemic in 2020 and has raised to P60 billion the available loanable fund to accommodate more borrowers. The program is available until the end of the year. LANDBANK also extends financial assistance to women-owned or -led MSMEs by financing working capital, construction or renovation of buildings and facilities related to business operations, as well as purchase orders from the borrower’s clients. Overseas Filipino workers (OFWs) are also supported to pursue business opportunities, with LANDBANK partnering with the Overseas Workers Welfare Administration (OWWA) in offering loanable funds for working capital or acquisition of fixed assets, among others. The Bank is likewise financing new and existing franchisees for new business ventures or expansion of existing businesses, covering funding for working capital, fixed asset acquisition, and capital expenditures. In partnership with the Department of Science and Technology's Technology Application and Promotion Institute (DOST-TAPI), LANDBANK also offers credit assistance for Filipino inventors, MSMEs and large enterprises to help commercialize their new and innovative technologies. Interested borrowers may contact the nearest LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MORESpouses Leonilo and Bella Basister from Mayorga, Leyte grew their palay trading business with support from LANDBANK, now running two rice mills that produce more than 100,000 sacks of milled rice per year. MAYORGA, Leyte – As someone who was not able to pursue higher education due to financial constraints, Leonilo “Kiloy” Basister only had limited opportunities to make ends meet, especially after getting married at the young age of 21. With a seed money of only P270, Kiloy initially ventured into selling fish and live piglets in the market, while taking side jobs in between. He also borrowed resources from relatives and friends to expand his capital. After years of hard work, he and his wife, Bella, earned enough to start the L.K. Basister Rice and Palay Trading in 1998, with Kiloy supervising the overall operations and his wife handling all financial aspects of the business. From buying and selling only about 17 sacks of palay, the couple saw their business expanding year after year, until they were challenged to look for local rice mill operators that can accommodate their growing stocks. This pushed them to establish their own rice mill in 2010 that can process up to 30,000 sacks per year. Kiloy and Bella have been managing the L.K. Basister Rice and Palay Trading over the years, with the former supervising the overall operations and the latter handling the financial side of the business. The big break for their business came in 2012 when Kiloy and Bella secured a P3-million credit line from the Land Bank of the Philippines (LANDBANK). With a bigger working capital, the couple was able to buy more palay from local farmers in Mayorga and neighboring towns, providing a sure market for their produce. “Malaking tulong talaga ang LANDBANK sa paglago ng aming business at kung nasaan kami ngayon. Nagkaroon kami ng mas malaking pondo na nagagamit para makabili ng palay na gigilingin namin sa buong taon. Dahil dito ay patuloy na tumaas ang aming kita at talagang nakaahon kami sa hirap,” Kiloy shared. Through the Bank’s constant support over the years, the L.K. Basister Rice and Palay Trading has now grown into a multi-million enterprise, producing more than 100,000 sacks of milled rice per year. And as their profits steadily increased, the couple’s credit line with LANDBANK likewise expanded to P100 million due to their good credit standing. Kiloy and Bella are currently running two rice mills with whitener and mist polisher, complemented by two warehouses and 14 mechanical dryers. They also have 14 delivery equipment for logistics support, and an outlet in Tacloban City to facilitate the disposal of the milled rice. Aside from contributing to the town’s food security, the business has been providing employment opportunities to 70 local residents involved in drying, milling, hauling, sacking and delivery of products. An additional workforce is also employed during harvest season when there is an expected higher volume of production. The couple’s business also provides employment opportunities for about 70 local residents involved in drying, milling, hauling, sacking and delivery of the milled rice. More than anything else, Kiloy and Bella now enjoy a comfortable life with their six children. They are able to send their kids to school, with four of them already graduated from college and are now helping in running the family business. Despite all their success, the couple is not taking it easy, as they continue to manage their business with the same persistence as when they were starting. They have also expanded and diversified into other fields such as poultry farming. It was indeed a long journey for Kiloy and Bella, and they remain thankful to LANDBANK for pushing them to their limits as entrepreneurs. “Ang masasabi ko sa mga gustong mag negosyo ay magtiyaga lang kayo. Mangutang kung kailangan basta marunong magbayad at alam ninyo kung saan ito gagamitin,” Kiloy said. LANDBANK has been extending financial support to micro, small and medium enterprises (MSMEs), as part of its commitment to assist key economic sectors in building stronger and more inclusive local communities. As of end-June 2023, the Bank’s outstanding loans to the MSME sector reached P49.5 billion for the benefit of over 6,100 borrowers nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) raked in a net income of P20.9 billion in the first six months of the year, exceeding its first-half target by 19% or P3.3 billion. The six-month income translates to 2.7% year-on-year growth from P20.3 billion and represents almost 60% of the Bank’s P35 billion full-year target. “We are very much on track in meeting our financial targets for the year, as income from loans and investments continue to expand. LANDBANK is in prime position to sustain our intensified support to the agriculture sector and other key industries,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank’s net income growth in the first semester is attributed to earnings from loans and investments, which increased by 49.8% and 43.5%, respectively. LANDBANK also solidified its industry footing with total assets reaching P3 trillion or 7.9% higher than P2.8 trillion in the same period a year ago. The increase in assets was driven by deposits amounting to P2.7 trillion which expanded by 9.2% year-on-year. The Bank likewise booked double-digit growth in capital at 14.4% to P236.3 billion from P206.5 billion. LANDBANK’s return on equity remains at a healthy level of 13.82%. LANDBANK consistently ranks among the top universal banks in the country in terms of assets, deposits, loans, and capital. Global credit ratings agency Fitch Ratings, Inc. recently upgraded the Bank’s outlook to “stable” and affirmed its Long-Term Issuer Default Ratings (IDRs) at 'BBB'. LANDBANK will celebrate its 60th anniversary on 08 August 2023, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MOREVictorias Commercial Center store owner Juliet de la Torre is now accepting payments via Quick Response (QR) code powered by LANDBANK. VICTORIAS CITY, Negros Occidental – In line with advancing the shift towards cashless transactions, the Land Bank of the Philippines (LANDBANK) is helping store owners in Victorias Commercial Center to embrace the use of digital payments. Juliet de la Torre is among the local vendors with a LANDBANK account who has adopted the use of Quick Response (QR) technology to accept payments, since the recent PalengQR Ph Plus rollout at the Victorias City Commercial Center and Public Market. Initially hesitant due to her heavy dependence on cash, Juliet has now experienced the convenience and benefits of using digital payments to better consolidate and account for her income, especially with the multiple stores that she manages. "I was apprehensive at first, but using digital payments has made the accounting for my business easier. It's convenient, especially since I operate multiple stores. I can also consolidate my income seamlessly, while helping me to avoid getting scammed for accepting counterfeit bills," shared Juliet. The Paleng-QR Ph launch in this City was spearheaded by the City Government of Victorias, which plans to onboard over 500 market vendors and nearly 2,000 tricycle drivers onto the program by the end of the year. “With our commitment to providing a quality life to all Victoriahanons, the Paleng-QR program doesn't only promise convenient payment transactions but also a safe and reliable digital ecosystem for our community and economic resilience," said Victorias City Mayor Javier Miguel L. Benitez. Digital payments for inclusive growth The Paleng-QR Ph Plus program is led by the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), which aims to promote the use of QR Ph – the national standard for electronic payments through QR codes. "LANDBANK supports the digitalization drive of the BSP and DILG in further strengthening local economic activities. Leveraging on digital payments allows for greater financial freedom and equal opportunity for all," said LANDBANK President and CEO Lynette V. Ortiz. Since its inception in August 2022, the Bank has actively joined the Paleng-QR Ph Plus program rollouts and facilitated the on-the-spot opening of LANDBANK accounts for market vendors, customers, and local public transport drivers nationwide. LANDBANK aims to assist more Filipinos like Juliet and other public market vendors to adopt the use of digital payments towards building a more inclusive, cashless society.
READ MOREState-run Land Bank of the Philippines (LANDBANK) is marking 60 years of public service with plans to further expand its physical presence in unbanked and underserved communities, while enhancing its digital services to consistently deliver a seamless and exceptional customer experience. LANDBANK President and CEO Lynette V. Ortiz said that the Bank will continue to support the National Government’s development agenda by improving access to reliable, relevant, and convenient financial services. “We are adopting a phygital strategy to cater to our customer’s evolving preferences and demands, with increased investments in expanding our physical touchpoints and beefing-up our digital offerings. LANDBANK is ready to reach and serve a wider customer base, as we continue to bring more Filipinos into the financial mainstream,” said LANDBANK President Ortiz. The only bank operating in all 82 provinces of the country, LANDBANK eyes to establish physical touchpoints in all 1,634 cities and municipalities nationwide to bring banking services closer to Filipinos. As of 30 June 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,951 automated teller machines (ATMs), 226 cash deposit machines (CDMs), and 1,785 Agent Banking Partner POS cash-out terminals. LANDBANK is currently present in 85.4% or 1,396 cities and municipalities in the country, including the previously unbanked towns of Sallapadan in Abra, Barlig in Mountain Province, Tamparan in Lanao del Sur, Anahawan in Southern Leyte, and Kinoguitan in Misamis Oriental. In support of the Government’s digitalization push, LANDBANK is also looking to onboard all government offices in its digital platforms to increase operational efficiency, improve the ease of doing business, and enhance meaningful public service delivery. From January to June 2023, the Bank has onboarded a total of 180 government entities to its Link.BizPortal payment platform, and facilitated across all its digital channels a total of 96.5 million transactions valued at P3.9 trillion. LANDBANK is also working closely with the Philippine Statistics Authority (PSA) in providing unbanked Philippine Identification System (PhilSys) registrants with their own transaction accounts with no initial deposit. As of June 2023, the Bank has already onboarded 8.35 million unbanked Filipinos to the formal banking system, allowing for convenient fund management and access to financial transactions such as cash withdrawals, fund transfers, and online bills payments. LANDBANK has likewise taken significant steps to make digital banking more affordable, which includes recently reducing the transaction fees for online fund transfers to other banks through InstaPay, from P25 to P15. The Bank has also doubled the total daily amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, subject to a maximum amount of P50,000.00 per transaction. LANDBANK, which was established on 8 August 1963 through Republic Act No. 3844 or the Agricultural Land Reform Code, will celebrate its 60th anniversary on 08 August 2023, representing six decades of uplifting lives, empowering communities, and serving the nation — towards building an inclusive and sustainable economy.
READ MOREIn fulfillment of its social mandate of promoting countryside development, the Land Bank of the Philippines (LANDBANK) posted a total of P713.8 billion in outstanding loans directed to agriculture and rural development as of 30 June 2023. The P713.8 billion represents 69% of LANDBANK's total loan portfolio of P1.04 trillion, which is close to three times the 25% requirement for local banks to allocate financing for agriculture, fisheries and rural development (AFRD) under Republic Act No. 11901 or “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” Under the new law, AFRD financing is defined as loans and investments to finance activities that shall enhance productivity and increase income of an agricultural and fisheries household, thereby promoting productivity and competitiveness in the agricultural sector, as well as sustainable development of rural communities. "LANDBANK remains steadfast in fulfilling its primary development mandate to advance the country’s agricultural sector. With a holistic approach covering all players in the value chain, we will continue to extend accessible and responsive financing to ramp-up agriculture modernization and productivity, paving the way for more resilient local communities," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s computation follows the new AFRD law and its implementing rules and regulations (IRR) recently issued by the Bangko Sentral ng Pilipinas (BSP). Of the P713.8 billion in outstanding loans, LANDBANK dedicated P107.8 billion to agriculture and fisheries production, which includes funding for the processing of fisheries and agri-based products and farm inputs. To help fast-track agri modernization, the Bank channeled P70.4 billion for the digitalization and automation of farming, fishery, and agri-business activities and processes, including related financial and management information systems. LANDBANK also provided P78.5 million for agri-tourism projects, which involve attracting visitors and tourists to farm areas for production, educational and recreational purposes. A significant portion of the AFRD loans totaling P244.1 billion ramped-up public rural infrastructure development, covering highways, streets, bridges, transport systems, irrigation, public markets, slaughterhouses, warehouses, solid waste management, flood control, drainage, and other essential infrastructure and development projects. Meanwhile, another P167 billion backed sustainable projects that provide lasting benefit for both clients and society while reducing pressures on the environment. This also covers green finance which funds climate change mitigation and adaptation projects, among others. The rest of the LANDBANK AFRD financing supported farm and fishery entrepreneurial activities; agricultural mechanization; agricultural and fishery commodities; essential facilities, equipment and machineries; capacity-building activities; and projects that promote the health and wellness of farmers, fishers and Agrarian Reform Beneficiaries (ARBs), including members of their households. As the country's premier financial institution dedicated to agricultural and rural development, LANDBANK will be celebrating on 8 August 2023 its 60th anniversary of serving the nation.
READ MORE(seated) Zamboanga City Mayor John M. Dalipe (2nd from right) and LANDBANK Vice President Lina K. Pacio (3rd from right) lead the signing of a Memorandum of Agreement (MOA) to formalize a partnership with the city government to utilize the LANDBANK Link.BizPortal for the online collection of local government fees, dues and charges. ZAMBOANGA CITY – The City Government of Zamboanga has tapped anew the services of the Land Bank of the Philippines (LANDBANK) to accelerate its shift towards digitalizing local government transactions. Through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility, residents of Zamboanga City’s 98 barangays now have an online payment option to settle fees, dues and charges to the LGU, which includes real property taxes and business permits. “LANDBANK is accelerating the digitalization of public services nationwide through our secure and reliable digital banking products. We are working closely with local government partners, such as Zamboanga City, to deliver more efficient and convenient services,” said LANDBANK President and CEO Lynette V. Ortiz. The Zamboanga City LGU welcomes the shift from solely accepting physical payments for local fees such as cash and cheques, to the adoption of a digital payment scheme for the convenience of the city’s residents. “LANDBANK helps us move faster towards digitalization, ensuring transparency, accountability, and a more efficient delivery of services to our people,” said Zamboanga City Mayor John M. Dalipe. Mayor Dalipe and LANDBANK Vice President Lina K. Pacio led the signing of the Memorandum of Agreement (MOA) to formalize the partnership on 18 July 2023 at the Zamboanga City Hall. They were joined by City Legal Officer Atty. Haydee Panganiban and LANDBANK Zamboanga (Main) Branch Head Assistant Vice President Laneli F. Elum, along with other LANDBANK officers. Prior to this new partnership, LANDBANK has been servicing the various banking needs of the Zamboanga City LGU through its digital banking products and services. This includes the online remittance of the LGU’s taxes via the LANDBANK Electronic Tax Payment System (eTPS), and the facilitation of fund transfer and bills payment via the LANDBANK weAccess, the Bank’s internet banking facility for institutional clients. In support of the National Government’s push for digitalizing local government transactions, LANDBANK has already onboarded 449 LGUs as partner merchants to the Link.BizPortal as of end-June 2023. For the first six months of 2023, the Bank’s online payment facility has facilitated a total of 4 million transactions with value amounting to P6 billion.
READ MORE(left photo) Belison Mayor Christopher H. Piccio (3rd from right) and Vice Mayor Reynaldo E. Jacaba (4th from right) lead the official opening of the new Belison Public Market (right photo) for local vendors and residents. They were joined by LANDBANK Senior Vice President Delma O. Bandiola (2nd from right) and Antique Lending Center Head Engr. Roy C. Gonzaga (rightmost), with other local officials. BELISON, Antique – In support of the economic recovery of local communities from the pandemic, the Land Bank of the Philippines (LANDBANK) recently joined the inauguration of the newly-opened Belison Public Market in this 5th class municipality, which is expected to help boost the town’s local economy. LANDBANK provided an P80 million loan for the infrastructure project dubbed as the “Modern Agora,” designed to be the first public market to look like a mall in the Province of Antique, with 124 stalls for meat, fish, vegetable, fruits, dry goods, and grocery produce. The market is also expected to open new economic opportunities to more than 6,000 farmers in Belison and its neighboring municipalities of Patnongon and Sibalom. “We are proud to support the Municipality of Belison in establishing a hub for local economic development. LANDBANK likewise remains committed to helping farmers and fishers by putting up markets for their produce,” said LANDBANK President and CEO Lynette V. Ortiz. Belison Mayor Christopher H. Piccio and Vice Mayor Reynaldo E. Jacaba recently led the official opening of the Belison Public Market for vendors and residents, together with LANDBANK Senior Vice President Delma O. Bandiola and Antique Lending Center Head Engr. Roy C. Gonzaga, alongside members of the Sangguniang Bayan and other local officials. “We are grateful for LANDBANK’s assistance to us. Despite the fact that we are among the smallest municipalities in terms of area, population, and share of National Tax Allotment, we were able to access a loan with LANDBANK to improve our town,” said Belison Mayor Piccio. He added that the LGU plans to further tap the services of LANDBANK for the Phase II development of the public market. LANDBANK financed the public market under the RISE UP (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program, designed to help ensure the resilient and sustainable recovery of local economies from the pandemic. The Bank has approved loans under the Program totaling P114.7 billion for 412 LGUs as of 30 June 2023. Provincial, city and municipal governments may borrow from LANDBANK to finance their development and innovative projects geared towards rebuilding their communities and local economies. LANDBANK likewise remains the biggest development partner of the LGU sector, with a total of P97.5 billion in outstanding loans extended to LGUs nationwide as of end-June 2023. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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READ MOREAs of Wed, August 20, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.9 | 57.5 |
| JPY | 0.378848 | 0.393422 |
| EUR | 65.309621 | 67.831454 |
| GBP | 75.657913 | 78.579329 |
| HKD | 7.236664 | 7.775266 |
As of Tue, August 19, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.5784 |
| Money Market Fund | 1.326654 |
| Money Market Plus Fund | 1.239321 |
| PERA Money Market Fund | 1.032582 |
| Medium-Term Bond Fund | 2.5034 |
| Bond Fund | 2.074047 |
| PERA Bond Fund | 1.232952 |
| Balanced Fund | 2.699698 |
| Growth Fund | 2.658044 |
| Alpha Equity Fund | 3.192336 |
| Blue Chip Equity Fund | 0.980604 |
| Equity Fund | 0.833192 |
| High Dividend Equity Fund | 1.055302 |
| US$ Money Market Fund | 1.445337 |
| Global $ Fund | 1.569223 |
