ASA President and CEO Kamrul H. Tarafder (4th from left), LANDBANK President and CEO Lynette V. Ortiz (5th from left), and BDO Capital President Eduardo V. Francisco (rightmost), alongside other local bank leaders, lead the ceremonial signing for ASA’s P5-billion syndicated corporate notes facility on 05 July 2023 in Pasig City. The Land Bank of the Philippines (LANDBANK) has joined hands with the BDO Capital & Investment Corporation (BDO Capital) in arranging a P5-billion syndicated corporate notes facility with other domestic banks, to support ASA Philippines Foundation, Inc.’s (ASA) credit expansion for underserved women. The state-run Bank has a significant participation in the syndicated transaction, the proceeds of which will be used for ASA’s working capital to reach and empower more women in the country through the provision of accessible financing. “We, at LANDBANK, welcome this timely opportunity to advance gender equality and women empowerment. Through our collective efforts and joint resources, we can foster an equal playing field for all – regardless of gender – to further boost economic productivity and growth,” said LANDBANK President and CEO Lynette V. Ortiz. ASA’s five-year corporate notes issuance was classified as the first-ever Gender Bonds in the country, as certified by social bond second-party opinion provider DNV and registered with the Securities and Exchange Commission (SEC). The issuance of the first-of-its-kind bonds was launched on 05 July 2023 in Pasig City, following a ceremonial signing between ASA President and CEO Kamrul H. Tarafder, LANDBANK President and CEO Ortiz, BDO Capital President Eduardo V. Francisco, and other industry leaders for ASA’s notes facility. Joining them were Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat, ASA Board Member Eric L. Gotuaco, and other development partners. LANDBANK Investment Banking Group and BDO Capital jointly arranged the syndicated transaction, with RCBC Trust and Investment Group serving as the Security Trustee and Notes Facility Agent. Other lenders to the transaction include the BDO Unibank, Inc., Philippine National Bank, Bank of the Philippines Islands, and Security Bank. LANDBANK has been supporting ASA’s expansion since 2014, as part of its steadfast support to microfinance organizations in the country. The new partnership likewise complements the state-run Bank’s efforts to provide ample opportunities for women entrepreneurs.
READ MORELANDBANK joins the Bangko Sentral ng Pilipinas (BSP) in the observance of Savings Consciousness Week 2023 from 30 June until 6 July 2023 with the theme, "Save today for a better and prosperous tomorrow." This week-long observance aims to continuously encourage the public to save in banking institutions and further raise awareness of the vital role of savings in the country's economic development. Remember, every peso saved is a step closer to realizing your dreams. Together, let's make savings a priority and build a stronger, more prosperous nation. #ServingTheNation #MakeSavingsAPriority #SavingsConsciousnessWeek #SCWeek2023
READ MORECheckout with your Visa card on Shopee this 7.7 to get P100 off with code VISA100OFF! Merchant Terms & Conditions I. Qualifications The promo is exclusive to Visa Credit, Debit, and Prepaid cards issued in the Philippines. II. How to Avail Shop using the Shopee mobile app. Select the items you wish to purchase and click "BUY NOW'. To proceed with checkout, enter your e-mail address and shipping details. Click your preloaded voucher (check your voucher wallet) or enter promo code "VISA100OFF" upon checkout. Click "Select payment method" and choose "Credit / Debit Card" as option. Select or add your participating Visa credit, debit, or prepaid Card and click "Confirm". Promo discount will be automatically applied to your purchase upon checkout. Ill. Terms and Conditions Qualified Visa cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P100 off, with a minimum spend of P2,000. Promo discount is valid for eligible Shopee users during the promo duration. Promo discount is valid for one-time use on July 7, 2023 only. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder unless reason for cancellation is deemed valid upon investigation. (e.g. delay in receipt of OTP) Applicable on Visa credit, debit, and prepaid card transactions only. Promo discount is valid for new and existing Shopee registered customers. Promo discount cannot be applied retroactively. The offer cannot be exchanged for cash or other products. Promo discount cannot be used on products under the "Load, Bills and eServices" category. Promo discount is valid on orders to be delivered via integrated couriers. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. Shopee reserves the right to cancel transactions of accounts that are proven to be invalid or fraudulent (i.e. abuse of system). Shopee reserves the right to vary these terms & conditions with prior approval of DTI. IV. Customer Support For any questions or clarifications, please contact Shopee's Customer Service at (02) 88805200 or email support@shopee.ph DTI Fair Trade Permit No. FTEB-170360 Series of 2023
READ MORE10% off on all regular items with min purchase of PHP 6,500 Description: For wherever life takes you, stay protected with the best anti-theft carry solutions around. Known for its game- changing, revolutionary products, Pacsafe has been the leading provider of anti-theft bags and accessories for more than 20 years now. With products ranging from padlocks, to RFID-blocking wallets, to their signature bags, you can never go wrong with Pacsafe. Mastercard cardholders enjoy: 10% off on all regular items with min purchase of PHP 6,500. Excluding Pacsafe SM Pampangga, Pacsafe SM Iloilo, Pacsafe SM Bacolod. Redemption Instruction: To redeem this offer, please present your Mastercard. Terms & Conditions: Offer cannot be availed in conjunction with any other promotion. Offer is valid when you pay with Mastercard.
READ MORENakikibahagi ang LANDBANK sa National Disaster Risk Reduction Management Council (NDRRMC) sa pagdiriwang ng National Disaster Resilience Month ngayong buwan ng Hulyo 2023. Makakaasa po kayo na patuloy na magsisilbing kaagapay ninyo ang LANDBANK sa harap ng kahit anong kalamidad sa pamamagitan ng aming mga programa at serbisyo. Sama-sama nating buuin ang isang matibay at matatag na bansa para sa bawat mamayang Pilipino. #NDRRMC #ResiliencePH #ServingTheNation
READ MOREPresident Ferdinand R. Marcos, Jr. (center) signs into law the New Agrarian Emancipation Act on July 7, 2023, with Agrarian Reform Secretary and LANDBANK Board Member Conrado M. Estrella III (8th from right) and other DAR officials, together with LANDBANK President and CEO Lynette V. Ortiz (3rd from right), Executive Vice President Alex A. Lorayes (4th from right), and Vice President Atty. Marife Lynn O. Pascua (2nd from right) witnessing the event. (photo courtesy of DAR). The Land Bank of the Philippines (LANDBANK) ensures that it will be working closely with government partners for the seamless and immediate implementation of the new law that frees agrarian reform beneficiaries (ARBs) nationwide from agrarian debts, in line with efforts to boost and modernize the agriculture sector. The National Government is writing-off land amortizations managed by LANDBANK amounting to P57.74 billion as of 30 June 2023—effectively relieving over 649,000 ARBs tilling 1.17 million hectares of land debt. The condonation is part of the landmark Republic Act No. 11953 or the New Agrarian Emancipation Act signed by Philippine President Ferdinand R. Marcos, Jr. on 7 July 2023. Of the P57.74 billion, the National Government will condone outright P14.56 billion in principal loans of over 263,000 ARBs upon the effectivity of the law. The Department of Agrarian Reform (DAR), in coordination with LANDBANK, will also expedite the processing of the remaining P43.17 billion principal loans of over 385,000 ARBs. “We are proud to be part of this landmark initiative of the Marcos Administration to free farmers from debt and help them start anew. LANDBANK will likewise continue to pour investments and extend support initiatives for farmers nationwide to boost their productivity and income,” said LANDBANK President and CEO Lynette V. Ortiz. The New Agrarian Emancipation Act condones all loans, including interests, penalties, and surcharges incurred by ARBs from land awarded to them under Presidential Decree 27 (Tenant Emancipation Decree issued in 1972), Republic Act No. 6657 (Comprehensive Agrarian Reform Law of 1988), and Republic Act No. 9700 (An Act strengthening the CARP and extending the acquisition and distribution of agricultural lands, issued in 2009). The DAR will issue the implementing rules and regulations of the new law, in coordination with the Presidential Agrarian Reform Council Executive Committee (PARC ExCom) and with the technical expertise of LANDBANK, within 60 days from the issuance of the Act. For his part, Agrarian Reform Secretary and LANDBANK Board Member Conrado M. Estrella III lauded Congress for the immediate passage of the law, and expressed gratitude to LANDBANK for its consistent support to ARBs over the years. “Nagpapasalamat din po kami sa mga taga-LANDBANK sapagkat sila po ay very active na nagbibigay po ng credit assistance sa ating mga ARBs,” he said. LANDBANK has extended P2.7 billion in loans to 2,356 individual ARBs and 469 ARB cooperatives and farmers’ associations nationwide. Apart from credit assistance, LANDBANK also provides financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge to manage their finances and boost their income.
READ MORE(standing) General Trias City Mayor Luis A. Ferrer IV (4th from right), Vice Mayor Jonas Glyn P. Labuguen (5th from right), and LANDBANK Cavite City Branch Assistant Vice President Edgar Deligero (3rd from right), together with other local officials and LANDBANK representatives, celebrate the new partnership for the use of the LANDBANK Link.BizPortal at the General Trias City Hall. GENERAL TRIAS, Cavite – The City Government of General Trias has partnered with the Land Bank of the Philippines (LANDBANK) for the safe, fast, and convenient collection of local fees for business permits and real estate taxes through the Bank’s web-based payment channel. Through the LANDBANK Link.BizPortal, residents can now settle fees, dues, and charges to the local government unit (LGU) online at their convenience with just a few clicks on their computers or mobile devices. “Our collaboration with the City of Government of General Trias allows for convenient and hassle-free payments. LANDBANK will continue to support local government partners in delivering innovative and responsive public service,” said LANDBANK President and CEO Lynette V. Ortiz. General Trias City Mayor Luis A. Ferrer IV, Vice Mayor Jonas Glyn P. Labuguen, and LANDBANK Cavite City Branch Assistant Vice President Edgar Deligero, led the signing of a Memorandum of Agreement for the use of the LANDBANK Link.BizPortal, together with other local officials and LANDBANK representatives at the General Trias City Hall. “Being an advocate of Ease of Doing Business and efficient delivery of government services, this program with LANDBANK will enable the city to offer quality service to its constituents,” said General Trias Mayor Ferrer. The LANDBANK Link.BizPortal is a digital facility that allows clients to pay for products and services via the internet from both government and private institutions. For the first three months of the year, the LANDBANK Link.BizPortal has already facilitated 2.18 million transactions amounting to P3 billion in value.
READ MOREIn line with providing accessible and convenient digital services, the Land Bank of the Philippines (LANDBANK) has doubled the daily aggregate amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, effective 14 July 2023. LANDBANK clients can transfer up to P50,000.00 per transaction via Instapay, and now as much as P100,000.00 in total per day. The state-run Bank recently reduced its transaction rate for fund transfer via InstaPay from P25 to P15 starting from 15 June 2023. “We continue to extend the limits of our digital banking solutions to meet the growing needs of our diverse client base. LANDBANK is driven to promote greater digital adoption to help accelerate financial inclusion in the country and build a cashless society,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank also removed the daily transaction limit for both fund transfer and bills payment, allowing customers to perform an unlimited number of transactions per day. The previous daily aggregate amount limit of P50,000.00 for bills payment facilitated through the LANDBANK iAccess has likewise been removed. LANDBANK is currently working on providing depositors the ability to set their own fund transfer and bills payment limits for added flexibility and convenience. Meanwhile, inter-bank fund transfers using LANDBANK and Overseas Filipino Bank (OFBank) accounts remain free of charge. The new fund transfer and bills payment policies apply to transactions facilitated via LANDBANK’s retail digital banking channels, the LANDBANK Mobile Banking App (MBA) and iAccess. For the first five months of 2023, the two digital platforms have facilitated a combined 66.7 million transactions with value of P123.4 billion
READ MORELANDBANK Miag-ao Branch distributes cash cards loaded with P5,000.00-worth of cash assistance to 2,206 farmer beneficiaries in Tigbauan, Iloilo under the RCEF-RFFA Program. In stride with advancing agricultural development, the Land Bank of the Philippines (LANDBANK) recently distributed cash cards to farmer beneficiaries under the Rice Competitiveness Enhancement Fund-Rice Farmers Financial Assistance (RCEF-RFFA) Program in Tigbauan, Iloilo. In partnership with the Department of Agriculture (DA), the LANDBANK Miag-ao Branch distributed Intervention Monitoring Cards (IMCs) loaded with P5,000.00-worth of cash assistance to 2,206 farmer-beneficiaries. As of June 2023, the Bank has already distributed LANDBANK IMCs to a total of 235,145 beneficiaries nationwide, with the rest of eligible beneficiaries set to receive their financial assistance until the end of August this year. "LANDBANK remains at the forefront of providing timely support to small farmers all over the country. Together with the DA, we will continue to ramp-up the distribution of cash cards to help increase agricultural production and income," said LANDBANK President and CEO Lynette V. Ortiz. The RCEF-RFFA Program aims to offer vital support to smallholder rice farmers registered under the Registry System for Basic Sectors in Agriculture (RSBSA), who are cultivating rice lands measuring two hectares and below. LANDBANK serves as the disbursing arm of the RCEF-RFFA Program, wherein eligible farmers receive cash assistance of P5,000.00 as part of the implementation of the Rice Tariffication Law (RTL).
READ MORELANDBANK Senior Vice President Charlotte I. Conde (5th from right), together with other Bank officials, recently paid a courtesy visit to DASURECO Board President Al D. Castillon (6th from right) and General Manager Engr. Jerry D. Morastil (4th from right) to express the Bank’s continued support to the cooperative. The Land Bank of the Philippines (LANDBANK) has extended financial support to a Davao del Sur-based electric cooperative to provide financial relief to over 230,000 households and consumers from Davao del Sur and Davao Occidental in paying their electricity bills incurred during the dry season. Under the LANDBANK ANTI BILL SHOCK Lending Program, the Davao del Sur Electric Cooperative, Inc. (DASURECO) has been granted a credit line to augment its working fund in the last summer months, when a spike in power consumption and distribution expenses normally occurs due to rising temperatures. The credit line provides DASURECO with the financial flexibility to spread out the incremental increases in their consumers’ billings by up to nine months without passing off the borrowing cost to consumers. This arrangement helps its member-consumers mitigate the impact of high electricity rates by paying through installment or on a staggered basis. “LANDBANK recognizes the vital role of electric cooperatives and distribution utilities in energizing the country’s economic expansion. We will further support the energy sector towards ensuring accessible and affordable energy for all, including funding projects that utilize renewable sources of energy,” said LANDBANK President and CEO Lynette V. Ortiz. The ANTI BILL SHOCK Lending Program, launched by the state-run Bank in April 2023 with an initial fund of P1.5 billion, stands for Assistance to Narrow and Trim down the Incremental power cost increase via Bridge financing Initiative of LANDBANK to Lower and Spread out HOt summer-triggered monthly Consumption on Konsumers’ Electricity. The Energy Regulatory Commission (ERC) previously expressed its support to the implementation of the LANDBANK program in an effort to mitigate the impact of high electricity rates to consumers. “This is truly one of the best examples of what we can accomplish together adopting a whole-of-government approach: those of us in energy sector working hand-in-hand with our counterparts in the private financing sector in finding solutions to provide some much-needed relief for our consumers,” said ERC Chairperson and CEO Atty. Monalisa C. Dimalanta. LANDBANK is still processing and accepting loans under the ANTI BILL SHOCK Lending Program to help more households better manage their electricity bills, especially those who cannot afford to immediately pay their bills in full. Eligible power distributors may loan up to 80% of the incremental increase on their working capital requirements during the summer months but not to exceed the repayment capacity of the distribution utilities or three times the average billings of its power suppliers. “The extensive experience and expertise of LANDBANK in the banking and financial sectors, coupled with longstanding reputation of DASURECO as a reliable electricity provider, make the partnership a promising endeavor,” said DASURECO Board President and Philippine Association of Board of Directors of Rural Electric Cooperatives (PHABDREC) National President Al D. Castillon. “I am confident that our combined efforts will have a positive impact on the lives of the member-consumer-owners and contribute to the overall progress and prosperity of Davao del Sur and Davao Occidental,” he added. Prior to availing of a credit line under the ANTI BILL SHOCK Program, DASURECO has been providing collection extensions or similar concessions to its member-consumers affected by catastrophic events, such as earthquakes and the COVID-19 pandemic. As an electric cooperative and distribution utility, DASURECO delivers reliable electricity to its consumer-members through affordable rates. The co-op is among the National Government’s partners for the Rural Electrification Program, particularly in the provinces of Davao del Sur and Davao Occidental. “We are very thankful to LANDBANK for extending quality services and for always being there to assist us. With the ANTI BILL SHOCK Program, we are able to help more of our member-consumers in mitigating the impact of higher electricity bills in the previous months without impairing the co-op’s liquidity position,” said DASURECO General Manager Engr. Jerry D. Morastil. DASURECO has been a LANDBANK borrower since 2021 and maintains a good credit standing with the Bank. Interested borrowers of the ANTI BILL SHOCK Program 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 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 |
