The Land Bank of the Philippines (LANDBANK) welcomes the latest report of global credit ratings agency Fitch Ratings, Inc., which upgraded its outlook on the Bank to “stable,” alongside improved confidence in the country’s return to strong medium-term growth following the Covid-19 pandemic. The report published on 30 May 2023, which also affirmed the Bank’s Long-Term Issuer Default Ratings (IDRs) at 'BBB' and Government Support Rating (GSR) at 'bbb', considered LANDBANK’s “strategic and growing policy roles, 100% state ownership as well as its systemic importance as the largest state-owned bank in the country, with market share of about 14% of system assets.” The ratings agency likewise gave consideration to the “state’s improving ability to support the bank, in times of need, as reflected in the revision of the sovereign rating Outlook to stable,” which was detailed in a separate report the agency published on 22 May 2023. “The improved outlook from Fitch is a welcome vote of confidence for the Bank’s robust financial stability and resilience to withstand external and domestic economic headwinds. With solid state backing, we will intensify our support to the country’s priority programs and initiatives, towards expediting our complete resurgence from the global pandemic,” said LANDBANK President and CEO Lynette V. Ortiz. Led by solid governance and leadership, the Bank has continued to build its strong financial muscle to support key development sectors. It ranks second in the industry in terms of assets at P3.1 trillion and deposits at P2.8 trillion as of the first quarter of 2023, with financial ratios maintained at healthy levels. It recorded net income of P10.8 billion in the same period. The Bank’s capital likewise expanded year-on-year by 3.2% to P225.3 billion, as the Bank expressed confidence that it will reach its projected growth targets by yearend. LANDBANK is the only State-run Bank that has continued to ramp-up its digitalization drive geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers, with a 30% growth in value of transactions amounting to P735.95 billion for its major digital banking platforms in the first quarter of 2023 alone. The Bank has maintained its dominance as the biggest development partner of the Local Government Units (LGU) sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. It is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. LANDBANK remains as the country’s biggest Government-Owned and Controlled Corporation (GOCC) and the largest credit provider to the agriculture sector, among other key economic sectors, with the financial capacity and resources to fully support the National Government’s sustainable and inclusive development agenda.
READ MORELANDBANK is #ServingTheNation with pride in solidarity with the LGBTQIA+ community as we acknowledge their valuable contributions to the society. As we celebrate Pride Month, LANDBANK reaffirms its commitment to cultivate an environment that nurtures equality and respect for every individual. Wishing you a joyful Pride Month! #ServingTheNation #PrideMonth2023 #ServingTheNationWithPride
READ MORELANDBANK Culasi Branch personnel took a 4-hour boat ride to distribute LANDBANK cash cards to social protection beneficiaries from the remote islands of the Municipality of Caluya, Antique. CALUYA, Antique – The Land Bank of the Philippines (LANDBANK) recently completed the distribution of cash cards to a total of 2,357 beneficiaries of the Department of Social Welfare and Development (DSWD) from the remote islands within the Municipality of Caluya—situated in the northernmost tip of the province of Antique in Western Visayas. Among the recipients are beneficiaries of the Listahanan and Social Pensioners programs residing in the islands of Caluya, Sibato, Sibolo, Liwagao, Panagatan, Sibay, and Semirara, reachable via a 4-hour boat ride from the mainland of Libertad, Antique. Beneficiaries can use the LANDBANK cash cards to conveniently withdraw their cash aid from the Jerique Grocery Store—a LANDBANK Agent Banking Partner (ABP) situated in the island of Caluya. The store’s mobile Point-of Sale (POS) terminal will also be deployed among the islands in the municipality during scheduled payouts. The LANDBANK cash cards can also receive funds from other LANDBANK accounts through fund transfers via the iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, ATMs, and from other bank accounts via InstaPay and ATM fund transfers. Beneficiaries may likewise use the cash cards for cashless transactions in groceries, pharmacies, convenience stores, and other accepting merchants via POS terminals. LANDBANK is the main distribution arm of financial assistance of the National Government, servicing the beneficiaries of the Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs of the DSWD nationwide.
READ MOREHappy National Independence Day! LANDBANK joins the nation in celebrating our country's 125th Anniversary of Independence and Nationhood. With this year’s theme, “Kalayaan. Kinabukasan. Kasaysayan.,” LANDBANK stands with the nation to uphold the spirit of freedom, the preservation of our rich historical heritage, and the aspirations for a brighter future. LANDBANK reaffirms its unwavering dedication to serving the Filipino people and being a catalyst for the nation's continued independence, prosperity, and success. #ServingTheNation #IndependenceDay2023
READ MOREThe 670-hectare township development of Pueblo de Panay, Inc. (PDPI) in Roxas City, Capiz steers local economic activities and generates employment opportunities for almost 10,000 locals. The construction and improvement of various projects within the property are supported by LANDBANK, which has been PDPI’s development partner since 2017. (Photo courtesy of PDPI) ROXAS CITY, Capiz – Nestled amid the lush greenery of a tranquil rural landscape is a 670-hectare mixed-used township development of the Pueblo De Panay, Inc. (PDPI) that has been a contributing pillar to Roxas City’s bid for inclusive development. Home to various commercial establishments, agro-industrial zones, and endearing tourist attractions—with a residential component that integrates Capiznons’ traditional lifestyle with contemporary living—the PDPI mega township development steers local economic activities and generates average foot traffic of 60,000 alongside employment opportunities for almost 10,000 locals. Before becoming one of the largest real estate developers in the region, the journey of PDPI started with Ong Family’s humble beginnings in 2001 having only P1.7 million in capital. Today, the family-led PDPI has grown into a developer of several successful horizontal and vertical residential and commercial projects, providing housing and business opportunities to all market segments in Roxas City. Recently, PDPI ramped up improvements in its property to accommodate key locators, including business process outsourcing (BPO) companies, restaurants, hotels, banks, government offices, and other firms that provide local employment. As with any business expansion, the PDPI needed financial backing for its plans and projects to fruitfully materialize. They turned to the Land Bank of the Philippines (LANDBANK) in 2017, and secured funding for the construction of a seven-story BPO building and fish processing plant in the township. The six-story BPO building (left) and fish processing plant (right) in Pueblo de Panay are among the first developments financed by LANDBANK in support of PDPI’s expansion plan. LANDBANK likewise extended financing support for site development of a 7.4-hectare IT Park that can host up to 10 BPO buildings; construction of a five-story building to be occupied by a private educational institution; and concreting of roads across the development, which include drainage works and electrical and water lines. “LANDBANK and PDPI share the same vision of promoting countryside development and inclusive growth. It’s about connectivity: We understand them, and they understand us. We are lucky to have LANDBANK as our reliable partner,” said PDPI Chief Operations Officer Lex Lavin. Pueblo de Panay has transformed a once undeveloped parcel of land into a master-planned township and viable investment destination designed by the Singaporean firm Surbana Jurong. The township has become a bustling business hub where people can live, work, relax, and have fun, embodying the company’s advocacy of “Life. Work. Balance.” With this success, the PDPI has proven that a countryside-based and homegrown brand could have world-class aspirations and be a catalyst of local growth. The firm is committed to pursue this undertaking by stepping up further developments within the township. Responding to the call of the National Government to alleviate the housing backlog of the country, PDPI is developing additional residential projects in the next five years to provide almost 2,000 housing units for middle-income households, including an affordable housing project to cater to government workers and Overseas Filipino Workers (OFWs). With the help of LANDBANK, the Capiz-based developer is also planning to expand in other key cities and towns and offer PDPI’s brand of excellence all over the country. “We understand that LANDBANK is always there to support and guide us in our quest to provide the same development in other key cities, as well as underserved communities. We want to be there to give them the quality of life they deserve as Filipinos. That’s what we want. It’s not only about the profit we earn, but about the number of people benefitting from our projects,” Lavin said. Alongside its focus on supporting the agriculture sector, LANDBANK has been servicing emerging sectors and industries in line with fulfilling its expanded mandate of driving countryside and national development.
READ MORE(front row) Malasiqui Mayor Noel Anthony M. Geslani (center) with LANDBANK Senior Vice President Ma. Belma T. Turla (2nd from right) and Assistant Vice President Emelyn M. Justiniano (leftmost), among other Bank officials and local partners, launch Malasiqui’s upgraded online services on June 8, 2023, which will allow residents and local business owners to process and pay for their real property taxes and business permits anytime and anywhere. MALASIQUI, Pangasinan – Residents and business owners from this 1st class municipality can now settle their payments for real property taxes and business permits faster and more conveniently through the online payment facility of the Land Bank of the Philippines (LANDBANK). The Municipal Government of Malasiqui has partnered with the state-owned Bank for the integration of the LANDBANK Link.BizPortal to its website, where constituents can now access the local government’s online services. Through the Link.BizPortal, customers can complete payments for local transactions safer and easier online without having to physically visit the municipal hall. Malasiqui Mayor Noel Anthony M. Geslani alongside LANDBANK Senior Vice President Ma. Belma T. Turla and Assistant Vice President Emelyn M. Justiniano led the launch of Malasiqui’s new online services on 8 June 2023 at the town’s Municipal Hall. They were joined by Malasiqui Vice Mayor Alfe M. Soriano, Department of Trade and Industry (DTI) Pangasinan Provincial Director Natalia B. Dalaten, and LANDBANK San Carlos (Pangasinan) Branch Head Menchie C. Mencias. “LANDBANK continues to collaborate with local government units and other government partners to provide customers with safe and secure online payment options. This forms part of our push for greater financial inclusion, while promoting transparency and efficiency in the delivery of meaningful and responsive public service,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK has now onboarded a total of 22 local government units (LGUs) in Pangasinan to the Link.BizPortal, to provide efficient and convenient digital payment services for Pangasinenses. These LGUs include the Provincial Government of Pangasinan and the City Governments of Alaminos, Dagupan, San Carlos and Urdaneta. “Itong launching po natin ngayon ay napakahalaga dahil kahit saan, kahit anong oras ay pwede ng makapagbayad ng fees,” said Mayor Geslani, adding that the newly launched online services will help promote ease of doing business in Malasaqui, while helping generate more income for the municipal government. The Link.BizPortal is LANDBANK’s web-based payment channel that allows clients to pay for products and services online to over 1,250 government and private partner merchants nationwide. As of April 2023, LANDBANK has recorded nearly 2.8 million transactions amounting to P4.2 billion through the Link.BizPortal. LANDBANK’s offering of digital banking solutions advances the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MOREResidents from the remote towns of Sibunag and San Lorenzo now enjoy easy access to their cash needs with the newly-installed LANDBANK ATMs in Sibunag Municipal Hall in Brgy. Dasal (right photo) and San Lorenzo Municipal Compound in Brgy. Cabano (left photo). GUIMARAS – In line with its commitment of bringing convenient and reliable banking services closer to more Filipinos, the Land Bank of the Philippines (LANDBANK) has ramped up expansion efforts in this island province with the installation of two new automated teller machines (ATMs) in the far-flung towns of Sibunag and San Lorenzo. The new LANDBANK touchpoints are strategically located at the Sibunag Municipal Hall in Brgy. Dasal and San Lorenzo Municipal Compound in Brgy. Cabano to primarily service residents from 25 combined barangays, which includes farmers, fishers, local government employees, teachers, and other depositors. Over 7,600 beneficiaries of the Conditional and Unconditional Cash Transfer (UCT) programs of the Department of Social Welfare and Development (DSWD) will also benefit from faster and more efficient payout services through the new ATMs. “Our continued expansion in remote and underserved areas advances our continuing thrust towards financial inclusion. LANDBANK will remain focused on reaching and serving all our customers nationwide, as we firm up our support in pushing the National Government’s inclusive development agenda,” said LANDBANK President and CEO Lynette V. Ortiz. Jenefer Salmorin, a Pantawid Pamilyang Pilipino Program (4Ps) beneficiary from Sibunag, said that the availability of a LANDBANK ATM in their town makes claiming of financial assistance from the National Government more convenient and accessible. This helps DSWD beneficiaries like her, along with other residents, to save time and money from traveling at least 25 minutes to the Municipality of Jordan and spending P50.00 for a special ride just to withdraw their financial assistance. For Sibunag Mayor Annabelle V. Samaniego, the installation of the new LANDBANK ATM in the town also provides improved access to formal financial services and promotes financial literacy among residents. “This has lessened our consumed time, money, and effort just to withdraw cash we needed. On behalf of the people of the Municipality of Sibunag, I am expressing my sincerest gratitude and appreciation to LANDBANK as our genuine partner for the development of the municipality,” said Mayor Samaniego. LANDBANK is the only bank present in all five municipalities of the Province of Guimaras, servicing the banking requirements of residents through the Guimaras Branch in Brgy. San Miguel in Jordan, with 10 ATMs, one cash deposit machine (CDM), and seven Agent Banking Partners (ABPs) located throughout the province. In support of the province’s digitalization efforts, the Bank has also successfully onboarded the provincial government and all municipal governments in its Link.BizPortal facility, which allows residents to pay for local dues online without the need to physically visit the LGU offices. As of end-April 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,920 ATMs, 224 CDMs, and 1,743 ABP POS cash-out terminals, which are spread strategically across all 82 provinces of the country.
READ MOREIn line with advancing financial inclusion, the Land Bank of the Philippines (LANDBANK) will be significantly reducing transaction rates for fund transfer via InstaPay effective 15 June 2023. All fund transfer transactions, regardless of the amount, will now be subject to a fixed transaction fee of P15, down from the previous rate of P25. "By lowering fund transfer rate, more customers will benefit from the convenience and efficiency of our products. This is part of our commitment to provide accessible and affordable digital banking solutions, and to help expand financial inclusion," said LANDBANK President and CEO Lynette V. Ortiz. Digital fund transfer is facilitated by the LANDBANK Mobile Banking App (MBA) and iAccess for retail clients, and weAccess for Corporate Accounts. For the first three months of 2023, the three digital platforms have facilitated transactions amounting to a total of P265.7 billion. In full support of the National Government’s financial inclusion agenda, the reduction of transaction rates underscores LANDBANK's steadfast commitment to meeting the evolving needs of customers, in line with its expanded mandate of serving the nation.
READ MORELANDBANK joins the Philippine Deposit Insurance Corporation (PDIC) in celebrating the 21st Depositor Protection and Awareness Week (DPAW) starting today, 16 until 22 June 2023, which highlights the importance of safeguarding your hard-earned savings. As we commemorate this special week, LANDBANK reaffirms its commitment in providing reliable and secure banking services to our valued depositors. Your continued trust and confidence in LANDBANK inspire us to uphold the highest standards of protection and transparency. Together, let's continue building a strong financial future! #ServingTheNation #LANDBANKProtects #DPAW2023 #ManiguroMagbangkoUmasenso
READ MORE(front) Davao del Sur Governor Yvonne Roña Cagas (4th from right) and LANDBANK Senior Vice President Charlotte I. Conde (5th from right) lead the signing of a P700-million loan agreement to fund various development projects in the Province of Davao del Sur. (Photo courtesy of Davao del Sur PIO) DAVAO DEL SUR – The Land Bank of the Philippines (LANDBANK) is extending a P700-million loan to the Provincial Government of Davao del Sur to finance the province’s development projects in health, tourism, infrastructure, and digitalization. The Provincial Government and LANDBANK recently signed a loan agreement to formalize the partnership. It was led by Governor Yvonne Roña Cagas and LANDBANK Senior Vice President Charlotte I. Conde, and witnessed by other local and Bank officials. “LANDBANK is working closely with Davao del Sur and other local government partners nationwide for the rollout of meaningful projects to promote economic activities. Our support to local communities will further drive our broader thrust of serving the nation in support of the National Government’s inclusive development agenda,” said LANDBANK President and CEO Lynette V. Ortiz. Of the total loan amount, P215 million will be allocated to upgrade the Davao del Sur Provincial Hospital (DSPH), including the acquisition of various medical, dental and hospital laboratory equipment for enhanced delivery of healthcare services. The planned expansion and improvements will effectively upgrade the DSPH from a Level II to a Level III Tertiary hospital, with an increased bed capacity of 200 and a three-story building dedicated as a birthing facility. Complementing the Provincial Government’s bid for enhanced healthcare services is the establishment of a Bio-Medical Waste Management System to be funded through P40 million from the approved loan. The system will be designed to comply with the strictest environmental and bacteriological reduction standards. Meanwhile, some P220 million will also finance the completion of the Gov. Douglas Ra. Cagas Sports Complex and Business Center in Digos City. The project includes the construction of a rubberized track and field oval, basketball, volleyball, and badminton courts, and improvement of the existing grandstand, among others. Another P125 million will be allocated to purchase brand-new heavy equipment and service vehicles, to be used in the maintenance and rehabilitation of roads, bridges and other infrastructure projects across the province for improved mobility of people and agricultural produce. The remaining P100 million will be dedicated to the establishment of the Revenue Administration and Management System with Integrated Financial Management Information System, aimed to automate the Provincial Government’s transactions and services. The system is also expected to further advance the local government’s efforts in the delivery of efficient public service while promoting transparency and accountability. LANDBANK continues to extend necessary credit assistance to local government units (LGUs) to spur inclusive and sustainable economic development. As of end-April 2023, the state-run Bank’s outstanding loans to LGUs nationwide hit P95.12 billion.
READ MOREAs of Fri, May 16, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.45 | 55.95 |
| JPY | 0.375569 | 0.390139 |
| EUR | 61.178427 | 63.552878 |
| GBP | 72.74607 | 75.569483 |
| HKD | 7.076805 | 7.605004 |
As of Thu, May 15, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.560834 |
| Money Market Fund | 1.313483 |
| Money Market Plus Fund | 1.225845 |
| PERA Money Market Fund | 1.025314 |
| Medium-Term Bond Fund | 2.477153 |
| Bond Fund | 2.038708 |
| PERA Bond Fund | 1.205467 |
| Balanced Fund | 2.670118 |
| Growth Fund | 2.62956 |
| Alpha Equity Fund | 3.090066 |
| Blue Chip Equity Fund | 0.986142 |
| Equity Fund | 0.80734 |
| High Dividend Equity Fund | 1.026099 |
| US$ Money Market Fund | 1.434153 |
| Global $ Fund | 1.523621 |
