BAGULIN, La Union – The Land Bank of the Philippines (LANDBANK) recently installed the very first automated teller machine (ATM) in this fifth-class municipality to help promote inclusive growth. Located at the Bagulin Municipal Hall in Barangay Suyo, the new LANDBANK offsite ATM will make banking services more accessible, convenient, and safe for government employees, pensioners, beneficiaries of the Department of Social Welfare and Development (DSWD), and other clients from the town’s 10 barangays, who previously needed to travel to the neighboring town of Naguilian to access ATM services. Bagulin Mayor Virgilio C. Flor (3rd from right) and LANDBANK Senior Vice President Ma. Belma T. Turla (4th from right) led the inauguration of the offsite ATM on 12 September 2023. They were joined by Bagulin Vice Mayor Jaime A. Lictao (leftmost), with LANDBANK Bauang Branch Head Elizelda D. Calica (2nd from right) and La Union Lending Center Head Myra Myrtha M. Padolina (rightmost).
READ MOREThe Land Bank of the Philippines (LANDBANK) has made investing in the Bureau of the Treasury’s (BTr) Retail Onshore Dollar Bonds 2 (RDB 2) more accessible and convenient through a menu of available investment channels for investors here and abroad. “We are inviting all our investors, especially those with regular dollar flows or those with existing dollar savings, to diversify across currencies by participating in RDB 2. You are not only securing your financial future, but also contributing to our nation's more prosperous tomorrow,” said LANDBANK President and CEO Lynette V. Ortiz during the RDB 2 launch on 27 September 2023. The RDBs are US dollar-denominated bonds with a coupon rate of 5.75% per annum and a tenor of 5.5 years, maturing on 11 April 2029. The public offer period for RDB 2 will run until 06 October 2023, subject to the discretion of the BTr, with the issue date scheduled on 11 October. The investment instrument allows investors to mobilize and grow their savings while helping fund the National Government’s priority socioeconomic programs and initiatives. The investing public may purchase the RDB 2 with a minimum investment of US$200 and increments of US$100 thereafter using either US dollar or Philippine peso accounts through LANDBANK’s investment channels. For investments made via peso accounts, LANDBANK will facilitate the currency conversions based on the prevailing market rate. Investing in RDB 2 can be completed in as fast as five minutes through the LANDBANK Mobile Banking App (MBA). This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK—making RDB 2 subscription accessible to overseas Filipinos from over 100 countries and territories. Investors of RDB 2 can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. LANDBANK serves as one of the Joint Lead Issue Managers for the RDB 2 issuance, in line with its collective efforts to promote greater financial inclusion and support the National Government’s development agenda.
READ MOREThe Land Bank of the Philippines (LANDBANK) was recognized by Kantar Philippines as one of the 2023 Best Philippine Brands under the “Banking” category for providing convenient, accessible and innovative banking services to unbanked and underserved Filipinos nationwide. Kantar conferred the award to LANDBANK for its strong brand of service, decades of empowering the underserved, and for advancing financial inclusion in the country through the accessibility of its integrated physical and digital banking services. The market research firm also highlighted the Bank’s efficient delivery of cash grants to beneficiaries of the National Government’s social amelioration programs, particularly the digital disbursement of financial assistance under the Conditional Cash Transfer (CCT) Program. “This recognition is a testament to LANDBANK’s unwavering pursuit to reach and serve more Filipinos nationwide. We are continuously working towards the strategic expansion of our physical touchpoints and the enhancement of our digital channels to deliver exceptional and accessible banking service,” said LANDBANK President and CEO Lynette V. Ortiz. In support of the National Government’s financial inclusion drive, LANDBANK has also onboarded 8.35 million Philippine Identification System (PhilSys) registrants for their own transaction accounts, under the Bank’s co-location strategy with the Philippine Statistics Authority (PSA). The partnership aims to bank previously unbanked PhilSys registrants and grant them formal access to basic banking and other financial services. LANDBANK likewise has 1,111 agent banking partners (ABP) nationwide that offer services such as cash out, cash in, fund transfer, bills payment, and opening and issuance of LANDBANK Agent Banking Cards in unbanked and underserved communities. The Bank is also offering individuals who have no capacity to open a regular deposit savings account to open a LANDBANK “Perang Inimpok Savings Option” or PISO account with only P1.00 as minimum initial deposit and up to a maximum of P50,000 account balance. LANDBANK has opened 52,406 PISO accounts for unbanked and underserved Filipinos including students, public utility vehicle drivers, vendors, farmers, and fishers, as of end-August 2023. Kantar BrandZ Philippine Report LANDBANK was recognized for its strong brand image in the Kantar BrandZ Philippine Report, which was based on a comprehensive survey conducted in 2022 covering 44 local brands across four categories – banks, communication providers, general retailers and beverages. Kantar is a global marketing and data analytics company that specializes in analyzing, understanding, and interpreting consumer behavior and trends. The 2023 Philippines Brand Awards is the first edition held by Kantar Philippines in the country to honor the top brands that bring value to the lives of Filipino consumers.
READ MOREThis certificate of compliance is presented to to the Land Bank of the Philippines for being fully-compliant with the set of Freedom of Information (FOI) requirements as validated by the Presidential Communications Office, pursuant to Section 5.0 of Memorandum Circular No. 2022-1, issued by the Inter-Agency Task Force on the Harmonization of National Government Performance Monitoring Information and Reporting Systems (Task Force Administrative Order 25, s. 2011).
READ MORECybercriminals are always on the prowl, and data breach incidents may serve as a wake-up call for all of us. Here are a few important reminders to help GUARD ourselves from these fraud schemes: G - Get your passwords updated: Change your passwords regularly and avoid using easily guessable combinations. Use a mix of letters, numbers, and symbols. U - Unfamiliar links must not be clicked: Do not click on suspicious links or download attachments from unknown sources. A - Activate Two-Factor Authentication (2FA): Turn on 2FA wherever possible, especially for online banking, email, and social media accounts. R - Review accounts for unauthorized transactions: Regularly review your bank and credit card statements for any unusual transactions. D - Doubt callers and verify contacts: Double-check the source of any messages, emails, or calls claiming to be from PhilHealth or related institutions. Be cautious of unexpected requests for personal or financial information. Report Phishing or Smishing incidents to your telco provider, Branch of Account, or through our dedicated email for smishing concerns: Email: reportphishing@landbank.com. #ServingTheNation #FightAgainstFraud #CyberSecurity
READ MOREPolillo Mayor Angelique E. Bosque (2nd from right) are joined by LANDBANK officials EVP Liduvino S. Geron (3rd from right), SVP Althon C. Ferolino (4th from right), Infanta Branch Head Leonylyn N. Magbuhat (leftmost), and Real Branch Head Elizabeth L. Jalotjot (rightmost) in successfully opening the new LANDBANK offsite ATM in Pollilo, Quezon. POLILLO, Quezon – The Land Bank of the Philippines (LANDBANK) recently inaugurated the very first offsite Automated Teller Machine (ATM) in this municipality towards advancing greater financial inclusion. The new LANDBANK ATM is set to service the cash requirements of government employees and other ATM card holders, including the beneficiaries of the Department of Social Welfare and Development (DSWD), and eliminate the public’s need to travel to the municipality of Real to withdraw cash. The inauguration ceremony was led by Municipal Mayor Angelique E. Bosque alongside LANDBANK officials, including Executive Vice President Ludivino S. Geron, Senior Vice President Althon C. Ferolino, Assistant Vice President Ramil P. Remillano, Real Branch Head Elizabeth L. Jalotjot, and Infanta Branch Head Leonylyn N. Magbuhat on 21 September 2023 at the Polillo Municipal Building. “We continue to expand LANDBANK’s physical network nationwide with a greater focus on servicing underserved and unbanked communities. We have the full support of local partners to install touchpoints and provide accessible and responsive banking services,” said LANDBANK President and CEO Lynette V. Ortiz. As of 30 June 2023, Polillo is listed by the Bangko Sentral ng Pilipinas (BSP) as one of the unbanked municipalities in the Philippines. "We are truly grateful to LANDBANK for making our long-standing dream a reality. This ATM signifies the continues growth of the Municipality of Polillo, and will bring much-needed convenience to our government employees and all ATM cardholders in our town," said Mayor Bosque. The new LANDBANK ATM is also poised to stimulate tourism activities on Polillo Island, guaranteeing visitors access to convenient cash withdrawal services to further enhance the island's appeal as a prime tourist destination. LANDBANK is celebrating its 60th anniversary with a steadfast commitment to provide essential banking services nationwide, extending its reach to the most remote and underserved corners of the country.
READ MOREThe Land Bank of the Philippines (LANDBANK) remains strong, adequately capitalized, and compliant with regulatory requirements of the Bangko Sentral and Pilipinas (BSP). As of June 2023, the Bank’s total assets reached P3 trillion or 7.9% higher than P2.8 trillion in the same period a year ago, while net income stood at P20.9 billion from loans and investments earnings, exceeding its first-half target by 19% or P3.3 billion. The Bank also booked double-digit capital growth at 14.4% to P236.3 billion from P206.5 billion in 2022. Meanwhile, outstanding loans to agriculture and rural development was at P713.8 billion, representing 69% of its total loan portfolio of P1.04 trillion, almost 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.” As of June 2023, LANDBANK’s Capital Adequacy Ratio (CAR) remains at a very healthy level of 16.61%, well above the 10% minimum requirement of the BSP, while our Common Equity Tier 1 (CET 1) ratio stands at 15.73%, also compliant with the 10.25% CET 1 requirement. The BSP tracks the Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET 1) ratio of banks to ensure that they are capable of absorbing a reasonable amount of financial risks and still comply with statutory capital levels. Both capital ratios are essential as it indicates a bank’s financial strength and how well it can weather financial challenges. A higher CAR means a bank is more financially stable and secure. Even with the Bank’s P50 billion seed capital to the MIC as mandated by Republic Act No. 11954, otherwise known as the Maharlika Investment Fund Act of 2023, the Bank will meet its CAR requirements.
READ MOREApply for LANDBANK's HOME Loan Program and enjoy interest rates as low as 6.00% The Promotion is open to all prospective availers of LANDBANK's Housing Opportunities Made Easy (HOME) Loan Program. Existing housing loan borrowers are also eligible for re-availment with the promotional rates provided that existing housing loans are in current status and have no history of past due. Click here for the terms and conditions.
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READ MOREThe Land Bank of the Philippines (LANDBANK) posted a net income of P31.85 billion in the first nine months of the year, which is the highest ever for the Bank since it first breached the P30 billion mark at the end of 2022. The P31.85 billion profit is a significant 24% expansion from P25.7 billion in 2022. It also exceeds the state-run Bank’s target of P26.3 billion for the first three quarters by P5.6 billion, and represents 90.9% of the P35 billion full-year target for 2023. “The unprecedented income was driven by the aggressive expansion of our developmental loan portfolio, coupled with robust yields from loans and investments. We have likewise been prudent and disciplined with managing our expenses to maximize gains. We will ensure that our solid balance sheet continues to translate to substantial and meaningful support to the sectors we serve,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank generated P91.15 billion interest income from loans and investments, 35.9% higher than last year. LANDBANK’s total assets also booked double-digit growth of 11.5% to P3.1 trillion from P2.8 trillion. The increase was propelled by the 12.8% year-on-year expansion of deposits to P2.7 trillion. Meanwhile, the Bank’s capital likewise rose substantially by 21.9% to P249.2 billion from P204.4 billion in 2022, already exceeding the full-year target of P243.8 billion for 2023. LANDBANK’s financial ratios remain at healthy levels, with Capital Adequacy Ratio (CAR) at 16.15% and Common Equity Tier 1 (CET 1) at 15.30%, both well above the minimum requirements of the Bangko Sentral ng Pilipinas (BSP). Return on Equity stood at 15.97%, significantly higher than industry at 13.0% as of June 2023. LANDBANK ranks among the top universal banks in the country, coming in second in assets and deposits, and fourth in loans and capital as of the first semester of 2023.
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 |
