The Land Bank of the Philippines bagged the coveted Green Leadership award for its Environmental Due Diligence (EDD) system at the 5th Asia Responsible Entrepreneurship Awards (AREA), in ceremonies held last June 19 at the Banyan Tree Hotel in Macau SAR, China.
READ MOREIn support of the government’s aggressive drive to increase the productivity and income of farmers and fishers through greater access to financing, the Land Bank of the Philippines is pursuing a more focused and direct approach in lending to provide more Agrarian Reform Beneficiaries (ARBs) and individual small farmers with access to credit. “We are committed to vigorously extend our financial support to better serve small farmers and fishers, including ARBs, who need it most. We are strengthening our partnership with the Department of Agrarian Reform and the Department of Agriculture to make sure that we reach the rightful beneficiaries of credit and technical support,” said LANDBANK President and CEO Cecilia C. Borromeo. AFFORD-ARBs LANDBANK put in place a P5-billion direct lending program called Accessible Funds For Delivery to Agrarian Reform Beneficiaries or AFFORD-ARBs, which will specifically cater to ARBs engaged in rice, corn, and high-value crops production. The loan can also be used to finance the acquisition of small farm implements. DAR, as program partner, will provide a list of eligible ARBs that LANDBANK can focus on, and will handle the mobilization of borrowers for loan orientation and financial literacy seminars prior to loan release. Initial target beneficiaries of the Program are the roughly 58,000 recipients of the Certificate of Land Ownership Award (CLOA) distributed from 2016 to 2018. Other eligible CARP beneficiaries based on the list to be provided by DAR shall also be granted credit assistance under the program. True to its name, AFFORD-ARBs comes with affordable interest rate at 6% per annum for short term loans and 7% per annum for long term loans. EMBRACE Another program designed to include as many Filipinos as possible into the fold of formal financial services is the EMBRACE or Empowering Barangays in Remote Areas through Credit and Enterprise Program. This direct lending program gives priority to small farmers who are tilling not more than five hectares of agricultural land and small fishers engaged in small scale fishing, seaweed farming, and aquaculture in unserved municipalities. Also covered in the Program are micro enterprises with asset size of not more than P3 million and small enterprises with asset size of more than P3 million but not more than P15 million. Eligible projects include a wide array of agribusinesses, such as crop production, poultries, backyard piggeries, fishery production, as well as other agri-enterprise and livelihood projects. These programs complement the Bank’s other retail lending programs for farmers and fishers and its menu of credit programs for conduits such as cooperatives, rural banks, non-government organizations, and microfinance institutions which in turn re-lend to small farmers, fishers and microenterprises. Apart from credit support, LANDBANK also provides financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge that will allow them to manage their finances and boost their income. “While we focus on expanding direct lending to small farmer and fishers, we remain equally committed to maintaining solid relationships with conduits and partners that help us move forward in the pursuit of our mandate. With the ratification of RA11321 or the Sagip Saka Act, we are more than ready to provide responsive financing to farmer- and fisher-enterprises to help improve their income and boost the sector’s productivity,” Borromeo added. LANDBANK remains as one of the biggest credit providers to small farmers, fishers, and MSMEs among government financial institutions.
READ MOREThe Land Bank of the Philippines (LANDBANK) has been named by the Bureau of the Treasury (BTr) as the no. 1 Government Securities Eligible Dealer (GSED) in 2014 for the second year in a row.
READ MOREGovernment-owned Land Bank of the Philippines remained aggressive in supporting small farmers, fishers, and its other priority sectors with loans amounting to P721 billion as of end-March 2019. This is higher by 20% than the P600 billion recorded in March 2018 and represents 93% of the Bank’s total loans to all sectors of P778.8 billion. The Bank’s identified priority sectors comprise of small farmers and fishers (SFFs) - a good part of which are agrarian reform beneficiaries - MSMEs, agri- and aqua-projects of local government units (LGU) and government-owned and controlled corporations, communications, transportation, housing, education, health care, environment-related projects, tourism, and utilities. “We at LANDBANK remain steadfast in directing support to our priority sectors, especially farmers and fishers, as we work towards making finance accessible and available to as many Filipinos as possible, especially in the countryside,” said LANDBANK President and CEO Cecilia C. Borromeo. The Bank’s support for the mandated sector grew by 12%, with outstanding loans to small farmers and fishers and their associations amounting to P45.3 billion as of March 2019. For the first three months of the year, LANDBANK released P13 billion in loans to the sector, benefiting 128,496 small farmers and fishers nationwide. Loans for agriculture and fisheries also rose by 19% to P172 billion from P144.0 billion in March 2018. These include agribusiness loans which grew by 29% to P114 billion from the year-ago level of P88.5 billion. LANDBANK remains as a major provider of financial assistance to MSMEs, with P111.7 billion in outstanding loans to the sector as of end-March. It is also the biggest credit provider to the LGU sector, with outstanding loans reaching P50 billion as of end-March 2019. LANDBANK earlier reported a net income of P4.75 billion for the first quarter of 2019, higher by 12% from P4.26 billion in the same period last year. Borromeo said the Bank’s solid financial position allows it to further channel financial and technical support to farmers, fishers, and its other priority sectors, especially those in unbanked and underserved areas of the country. In line with its commitment to reach more farmers and fishers, LANDBANK continues to expand its retail lending programs and strengthen partnerships with government agencies like the Department of Agrarian Reform and Department of Agriculture.
READ MORELANDBANK’s environmental due diligence (EDD) on its financed projects is the Philippines’ official entry to the 3rd International Best Practices Competition (public sector category) of the Abu Dhabi Chamber of Commerce in November 2014 .
READ MORELANDBANK President and CEO Gilda E. Pico joins the roster of the country’s finest business leaders with her recent conferment of the Asia Pacific Entrepreneurship Awards (APEA), Asia’s most coveted award for entrepreneurs.
READ MOREGovernment-owned Land Bank of the Philippines recorded solid growth in the first quarter of the year, with higher net income of P4.75 billion and double digit growth in loans, assets and deposits. The Bank’s net income for the three-month period is up by 12% from P4.26 billion in the same period last year. This is also 14% higher than the Bank’s first-quarter income target of P4.16 billion. Return on equity for the quarter was at 13.04%, while net interest margin stood at 3.42%, both above the latest industry averages. LANDBANK President and CEO Cecilia C. Borromeo attributed the strong first-quarter performance to substantial increase in income from loans and investments. Interest income on loans jumped 69% as the Bank’s gross loan portfolio grew to P867.32 billion from P708.10 billion in March 2018. Meanwhile, income from investments in financial assets grew by 43% to P6.36 billion from P4.44 billion. The Bank’s total assets likewise increased by 16% to P1.89 trillion from P1.63 trillion, while deposits grew by 17% to P1.68 trillion from P1.44 trillion in March last year. Total capital stood at P136.47 billion, a 26% increase from last year’s P108.37 billion. Borromeo said that this puts LANDBANK in a good position to further drive support for its priority sectors, especially to farmers and fishers, microenterprises and SMEs, agribusiness and other development players. “We work hard to maintain the Bank’s sound financial position as the profits from our commercial banking operations allow us to move toward our bigger mission of promoting inclusive growth, especially in areas where financial services are not easily available or accessible,” said Borromeo, who added that the Bank is continuously investing on technology to pursue its inclusive growth thrust and to provide greater convenience to clients. LANDBANK recently opened its 400th branch in Jagna, Bohol – marking its continuing expansion efforts to bring access to financial services and credit assistance, especially to the unbanked and underserved areas in the country. The Bank’s 400 branches are supplemented by 49 Branch-Lites, 44 Lending Centers and 2,018 ATMs all over the country. It targets to bring its total number of branches to 410 by the end of the year.
READ MOREWith the theme “Celebrating Excellence in Public Frontline Service”, the Civil Service Commission (CSC) conferred the award to LANDBANK for quality customer service in compliance to the provisions of the ARTA at the forefront, and for obtaining a 99% rating in the ARTA Report Card Survey.
READ MOREFrom left) Dr. Anthony Damalerio, Head of Bohol Provincial Disaster Risk Reduction Management Office (representing Bohol Governor Edgar Chatto), LANDBANK President and CEO Cecilia C. Borromeo, and Jagna Mayor Bonifacio J. Virtudes, Jr. lead the ribbon cutting at the inauguration of the Bank’s branch in Jagna, Bohol – its 400th branch in the country. They are joined by LANDBANK Branch Banking Sector Head Executive Vice President Liduvino S. Geron and First Vice President Delma Bandiola. LANDBANK recently marked a milestone as it opened its 400th branch in Jagna – a third-class municipality in the province of Bohol. The opening of its 400th branch marks the Bank’s continuing expansion program to bring access to financial services and credit assistance especially to the unbanked and underserved areas in the country. “With LANDBANK’s presence here, we can help not only with your banking requirements, but also in promoting local businesses – microenterprises, cooperatives and SMEs that drive the local economy,” said LANDBANK President Cecilia C. Borromeo during the opening ceremony. Gracing the occasion were Jagna Mayor Bonifacio J. Virtudes, Jr. and Dr. Anthony R. Damalerio, Head of the Provincial Disaster Risk Reduction Office. Mayor Virtudes thanked the management of LANDBANK for making Jagna the home of its 400th branch. “Your social mandate of promoting countryside development in the economic and financial growth of Jagna clearly coincides with the vision of the municipality which is “Livable Jagna for Future Generations”, he said. Dr. Damalerio, who represented Bohol Governor Edgar M. Chatto, welcomed the establishment of LANDBANK Jagna Branch that completes the availability of formal banking services in all three districts in Bohol. The Bank has another branch in Talibon and two branches in Tagbilaran City. LANDBANK likewise hopes to partner with the Municipal Government of Jagna for its development projects, especially as it seeks to put Jagna in the Bohol tourism roadmap and further generate local employment. “This is the overall objective of our continuing expansion program – to bring access to financial service and credit assistance especially to the unbanked and underserved sectors of our society, so they too can be included and become active players in development,” Borromeo added. LANDBANK’s 400 branches are supplemented by 49 Branch-Lites and 2,018 ATMs all over the country. This year, the Bank sets out to further expand its reach as it targets to bring its total number of branches to 410.
READ MORECamarines Sur Provincial Administrator Fortunato Peña and LANDBANK First Vice President Lou Villafranca led the turnover of water filtration kits to Usman-hit areas in Albay and Camarines Sur. They were joined by LANDBANK Tabaco Branch Manager Emmanuel Hizola, Iriga Branch Manager Emmanuel Avengoza, Sipocot Branch Manager Ma. Cristina Jusi, and Pili Branch Manager Marivic Oliva. Over 6,000 residents from Albay and Camarines Sur were given access to clean drinking water through LANDBANK’s Gawad KATUBIGAN (KAakibat na TUlong sa Bayan sa Inumung KailanGAN). Last March 2019, LANDBANK successfully turned over 60 water filtration units to Bicolanos devastated by Typhoon Usman, a natural disaster that hit the country late last year with Albay and Camarines Sur among those heavily affected. LANDBANK First Vice President for Southeast Luzon Branches Group Marilou Villafranca also turned over LANDBANK’s donation of Php1,215,000 as financial aid to the provinces of Camarines Sur and Albay. This will benefit 16 cities/municipalities. Gawad KATUBIGAN The Gawad KATUBIGAN is the Bank’s way to reach out to more Filipinos in remote areas who do not have access or have limited access to potable water. Implemented in partnership with W4W Philippines, Gawad KATUBIGAN is one of the Bank’s Corporate Social Responsibility Programs, which started as a small disaster response project in 2015. Its primary objective was to provide water filtration systems to typhoon-hit areas and hard-to-reach communities that need access to clean and safe drinking water. The Project has since been expanded into a full-blown program with three components: a “Disaster Response Component” through which water filter systems are provided to calamity-stricken areas; a “Disaster Preparedness Component” which provides rain catchment systems and disaster preparedness training to communities in disaster-prone areas; and a “Needs-based Component” wherein LANDBANK, upon the endorsement of its branches nationwide, provides rain catchment and filtration systems to far-flung communities with limited or no access to clean drinking water. Accredited by the Department of Health, the water filtration systems have the ability to remove 99.99% of bacteria that cause water-borne diseases such as cholera, salmonella, E. coli, among others. Each water filtration system, which can filter one million gallons of water, can provide clean drinking water for 100 people a day and can last for five to 10 years, if properly maintained.
READ MOREAs of Tue, October 28, 2025
| Buying | Selling | |
|---|---|---|
| USD | 58.75 | 59.5 |
| JPY | 0.378907 | 0.39508 |
| EUR | 67.457124 | 70.339175 |
| GBP | 77.280017 | 80.581743 |
| HKD | 7.53622 | 8.129188 |
As of Mon, October 27, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.59313 |
| Money Market Fund | 1.335988 |
| Money Market Plus Fund | 1.250648 |
| PERA Money Market Fund | 1.037681 |
| Medium-Term Bond Fund | 2.537131 |
| Bond Fund | 2.095538 |
| PERA Bond Fund | 1.249511 |
| Balanced Fund | 2.646309 |
| Growth Fund | 2.628539 |
| Alpha Equity Fund | 3.060847 |
| Blue Chip Equity Fund | 0.952174 |
| Equity Fund | 0.804865 |
| High Dividend Equity Fund | 1.067872 |
| US$ Money Market Fund | 1.45265 |
| Global $ Fund | 1.598375 |
