Simplified Mechanics 1. Promotion Period: September 16, 2023 - January 15, 2024 a. Registration Period: September 16, 2023 - January 15, 2024 b. Linking Period: September 16, 2023 - January 15, 2024 c. Spending Period: September 16, 2023 - January 15, 2024 d. Submission of Scanned Receipts Period: September 16, 2023 - January 15, 2024 e. Game Playing Period: September 16, 2023 - February 15, 2024 2. The Game a. Play the tile match game in the Zing app and get three matching tiles to win the Grand Prize. b. You can also get (5) or (10) Zing Points if you only get two matching tiles, which you can use to redeem other rewards. c. If no tiles match, you will receive a “Try Again” message. 3. The Grand Prize a. 3 Days 2 Nights in a Deluxe Room with Breakfast for Two (2) at Village Hotel Sentosa i. Digital voucher has to be presented upon check-in. ii. Rooms are subject to availability. Winner must email reseasy@fareast.com.sg to check availability and confirm booking. iii. Booking must be completed by 31 October 2024. b. Round-trip Economy Class tickets via Singapore Airlines for Two (2) i. Winner must contact Singapore Airlines through ph_feedback@singaporeair.com with email subject Mastercard x Ayala Malls Zingapore Winner and provide booking details including Name, Destination and Preferred Date/s of travel. The winner must send the email using the same email address linked to their Zing account. ii. Tickets are subject to seat availability. If seats are unavailable on the preferred travel dates, Singapore Airlines reserves the right to offer alternative dates. iii. Once tickets are redeemed, the tickets are non-transferable, non-reroutable, non-refundable, and valid on Singapore Airlines only. iv. Tickets are non-convertible to cash and must be issued on or before 30 September 2024. Itinerary must be confirmed by 30 September 2024 and travel must be completed by 31 October 2024. v. Prizes are valid for six (6) months after prizes are officially claimed by the winners, subject to terms and conditions of the Airline. Prizes not claimed within sixty (60) calendar days after the receipt of prize certificate will be forfeited in favor of Singapore Airlines. vi. Issues related to the Singapore Airlines transaction should be directed to and will be resolved by Singapore Airlines 4. Eligibility a. The promotion is open to members of Zing registered as Zing Plus Members who have downloaded the Zing app, registered, and linked at least one Philippine-issued credit card (maximum of three credit cards may be linked per customer in Zing) and/or a GCash account. 5. How to Earn Chances to Play a. For new Zing Members who register during the promo period and: i. Link a GCash or non-mastercard credit card: Get one (1) chance, awarded once only ii. Register during the promo period and link a Mastercard credit card: Get four (4) chances, awarded once only b. For existing Zing Members who registered before the promo period but never linked a GCash or credit card: i. Link a GCash or non-mastercard credit card: Get one (1) chance, awarded once only ii. Link a Mastercard credit card: Get four (4) chances, awarded once only c. For Existing Zing Plus members who registered before the promo period and: i. Already has a linked GCash or non-Mastercard credit card ● Cannot earn chances by linking a new GCash or non-Mastercard credit card ● Link a Mastercard credit card: Get four (4) chances, awarded once only ii. Already has a linked Mastercard credit card ● Cannot earn chances by linking a new GCash or non-Mastercard credit card ● Link a new Mastercard credit card (different card number from existing): Get four (4) chances, awarded once only d. Once a Mastercard credit card is linked to the account, Zing Plus members can earn an additional three (3) chances to play for every valid transaction when they spend a minimum of two thousand pesos (Php 2,000.00) on a single receipt in Ayala Malls, paying with their linked Mastercard credit card. i. The earned chances to play, upon meeting the minimum spend using the Mastercard credit card, will be awarded within 14-21 days after the transaction has been verified and posted. ii. This is applicable for all retail, dining, entertainment, and services merchants in participating Ayala Malls as stated in #6. e. Zing Plus members can also earn an additional one (1) chance to play for every valid transaction when they spend a minimum of two thousand pesos (Php 2,000.00) on a single receipt in Ayala Malls, paying with cash. i. Cash receipts must be uploaded in the Zing App using the Receipt Scanning feature and are applicable for all retail, dining, entertainment, and services merchants in participating Ayala Malls as stated in #7. ii. Scanned receipts will require 5 business days for validation, and the earned chance/s to play will be awarded 14 - 21 days after validation date. 6. Participating Malls for Mastercard Purchases 7. Participating Malls for Cash Purchases & Receipt Scanning 8. Prize Claiming a. Zing Points are credited automatically to your points wallet in the Zing App. b. If you win the Grand Prize, Zing will be contacting the winners via email and mobile number based on their valid and registered Zing Membership contact details, and winners must adhere to all requirements needed for verification. i. Winners must claim the Grand Prize within sixty (60) days upon confirmation that they have been validated by Zing. Further instructions on how and where to claim the prize will be sent to the winner. c. All fraudulent, misuse, and abuse-related acts towards the promo will disqualify the user from participating in the promo and winning any of the prizes.
READ MORECelebrate Christmas with Mastercard at Ayala Land Estates and Ayala Hotels! PROMO PERIOD: November 24, 2023 - January 31, 2024 ELIGIBILITY 1. The promotion is open to all principal and supplementary cardholders of Mastercard credit, debit, and prepaid cards issued in the Philippines. 2. Employees of Ayala Land Estates, Ayala Land Hotels and Mastercard, their merchants, maintenance and security agencies, advertising and promotional agencies, and their relatives up to the second degree of affinity or consanguinity, are disqualified from joining the promotion. Per DTI Fair Trade Permit No. FTEB-180903 Series of 2023. 3. To join the promotion, cardholders must use a valid Mastercard card for a minimum P3,000 single receipt purchase at Fairmont Hotel, Spectrum Restaurant, Raffles Hotel, Mireio, Writer's Bar, Holiday Inn & Suites Makati, Flavors Restaurant, Oz Bar, Seda Residences Makati, Misto Makati, Straight Up Bar and Misto Café in Seda Nuvali, Seda Hotel Nuvali 4. Straight and installment transactions using a valid Mastercard card in-store paid via card present are eligible for the promotion. 5. Qualified cardholders can also enjoy: • 20% off on a la carte food and 15% off on drinks from Sunday to Thursday at Mireio & Writers Bar, Raffles Hotel; Flavors Restaurant & Oz Bar, Holiday Inn & Suites Makati; Misto Makati & Straight Up Bar, Seda Residences Makati; and Misto Restaurant (café not included), Seda Hotel Nuvali • 20% off on buffet offer on weekends and 10% discount on weekdays at Spectrum Restaurant (Lunch & Dinner only), Fairmont Hotel; Flavors Restaurant, Holiday Inn & Suites Makati; Misto, Seda Residences Makati; and Misto, Seda Hotel Nuvali • 20% off on hotel accommodations based on Best Available Rate at Fairmont Hotel; Raffles Hotel; Holiday Inn & Suites Makati; Seda Residences Makati; Seda Hotel NuvalI 6. Cardholders whose accounts are suspended or terminated are not eligible to join the promotion. HOW TO JOIN? 1. A minimum P3,000 single receipt purchase at Fairmont Hotel, Spectrum Restaurant, Raffles Hotel, Mireio, Writer's Bar, Holiday Inn & Suites Makati, Flavors Restaurant, Oz Bar, Seda Residences Makati, Misto Makati, Straight Up Bar, Restaurant and Misto Café in Seda Nuvali, and Seda Hotel Nuvali gives the cardholder raffle coupon/s (1 coupon for every P3,000 value) for chance to win a shopping spree or overnight stay at participating hotels. 2. Promotion Period is from November 24, 2023 to January 31, 2024 3. Cardholder must completely fill-out the following details on the microsite: ● Full name ● Email address ● Mobile Number ● Complete Address ● Unique Reference Number (Autogenerated - will be sent via email) 4. Upon completing the registration for your entry and making a minimum single-receipt transaction of P3,000 using a Mastercard, cardholder will receive an email confirmation for your raffle entry, specifying the number of coupons generated. PRIZES 1. Tax (including 20% withholding tax for prizes exceeding P10,000.00) and other expenses that will be incurred in relation to the prize shall be shouldered by Ayala Land Estates and Ayala Land Hotels. 2. Prizes are transferable but not convertible to cash. SELECTION AND NOTIFICATION OF WINNERS 1. All valid entries will be qualified to corresponding # e-raffle tickets are eligible to participate in the eRaffle Draw and have a chance to win. 2. Random winners will be drawn electronically, in the presence of a DTI representative on February 2, 2024. All e-raffle entries will be randomly selected using an E-Raffle Pick Platform (randomizer) to determine the winners. 3. The more raffle entries a participant has, the greater his/her chances of winning more prizes. 4. Each entry can only win once. Winning entries will be removed from the pool and will not be eligible to win twice. 5. Winners will receive a confirmation message through Email informing him/her of the result and the winning prize amount after the official draw and their names will be posted at Ayala Corp, Nuvali, and Make it Makati official Facebook Page. 6. Prizes can be claimed by responding to the email notification from the authorized representative of Ayala Land Partner Agency (Lightweight Solutions). 7. Prizes should be claimed within sixty (60) days from the receipt of notice or it will be forfeited in favor of Ayala Land Estates and Ayala Land Hotels with prior approval of DTI. OTHER TERMS AND CONDITIONS 1. We pledge to plant a tree every raffle entry, with Priceless Planet Coalition (PPC), up to 50k trees. 2. The participant is providing information to Ayala Land and Lightweight Solutions Inc. 3. Promotion is applicable for dine-in and take-out transactions only. 4. Promotion is not eligible in conjunction with any other promo discount or fixed price items, and excludes holidays and special occasions (Dec 24, Dec 25, Dec 31, 2023 and January 1, 2024) 5. Promotion can be availed in a single-receipt transaction only per table per visit 6. Cardholders are allowed to use only one (1) credit card per transaction. Discount is applicable only to one qualified card per transaction, per cardholder. Splitting of a single-transaction for the purpose of availing multiple discounts is prohibited. 7. Cardholders must present and use a valid Mastercard to pay for his/her bill. 8. Offer is non-transferable and non-convertible to or cash gift certificate nor applicable for installment transactions. 9. All other fees pertaining to the transaction (e.g. taxes) will be shouldered by the customer. 10. In the purchase of goods and services in connection with this promotion, persons with disability (PWD)/ Senior Citizens can either avail of the promotion discount or the discount provided under the Magna Carta for Persons with Disability / Expanded Senior Citizen Act of 2010, whichever is higher.
READ MOREIn line with providing safe, convenient, and accessible digital banking services, the Land Bank of the Philippines (LANDBANK) continues to waive fees for fund transfers to other banks via InstaPay and PESONet for transactions worth P1,000 and below. LANDBANK customers can enjoy free online fund transfers for the first three transactions facilitated in a day through the LANDBANK Mobile Banking App (MBA), and the Bank’s online retail banking channel, the iAccess. For interbank fund transfers amounting to more than P1,000, a lowered fixed transaction fee of P15 from the previous rate of P25 will be applied. Meanwhile, fund transfers between LANDBANK and Overseas Filipino Bank (OFBank) accounts, regardless of the amount, remain free-of-charge. “We are extending our waiving of fees for small-value online fund transfers to encourage more clients to embrace cashless transactions, in support of the National Government’s thrust of building a cash-lite economy. Beyond the convenience of free fund transfers, customers can also use LANDBANK’s digital platforms for bills payment, cardless withdrawal, and opening of additional deposit account,” said LANDBANK President and CEO Lynette V. Ortiz. For seamless and convenient online fund transfers and bills payment, the LANDBANK MBA can be downloaded for free on Google Play, Apple App Store, and Huawei App Gallery. LANDBANK customers can easily enroll their account in the MBA to conduct online financial transactions, by providing their deposit account details. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, and leverage on innovative technology for safe, convenient, and accessible digital banking solutions.
READ MORESpend Period: November 30, 2023 to January 31, 2024 Deadline to Register: February 2, 2024 Raffle Draw: February 5, 2024 Microsite URL: http://ssiholidayraffle.ssilife.com.ph/ Mechanics: Every Php 5,000 minimum single-receipt spend in all SSI Group brands nationwide will earn one (1) raffle entry. Transactions paid for using a Philippine-issued Mastercard debit, pre-paid and credit cards will earn double the raffle entries. For every P 5,000 minimum spend, three (3) trees will be planted by Mastercard through the Priceless Planet Coalition. Per DTI Fair Trade Permit No. FTEB 181184 CUSTOMER JOURNEY The customer must spend a minimum purchase of Php 5,000 in any SSI Group brands nationwide from November 30, 2023 to January 31, 2024. The customer must register the transaction via the raffle microsite at http://ssiholidayraffle.ssilife.com.ph/ . Indicate complete legal name, complete address, contact details, invoice or order number and the first 8 digits of your Mastercard card used to pay for the transaction. The last day to register the raffle entry is on February 2, 2024. The customer will receive a raffle entry confirmation through email and/or SMS. The raffle will be drawn on February 5, 2024 and will be verified by DTI and SSI’s Finance and Audit Teams. All winners will be announced on SSI’s online channels and will be contacted through email and/or sms. STORES SPECIALISTS, INC. CUSTOMER SERVICE +632-8830-5000 customerservice@ssigroup.com.ph Monday to Sunday, 9AM - 6PM except holidays
READ MORETo our valued clients, suppliers and stakeholders: We would like to warn you about reports of phone scams where callers are claiming to be connected with Land Bank of the Philippines (LANDBANK) to solicit monetary donations on our behalf. Please be informed that LANDBANK, or any of its officers and employees, will never solicit any favor, whether in cash or in-kind, from our clients, suppliers, stakeholders and the general public. As civil servants, we are bound by Republic Act 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees.” We likewise strictly adhere to LANDBANK’s Code of Conduct – to be accountable at all times, and to discharge our duties with utmost responsibility, integrity, excellence and professionalism. If you receive such calls, please report this fraudulent incident immediately through our Customer Care Hotline at telephone number (02) 8-405-7000 or 1-800-10-405-7000 (PLDT Domestic Toll-Free Number). You may also email us at reportphishing@landbank.com. Thank you. Download PDF version
READ MORE(left photo) LANDBANK Executive Vice President Liduvino S. Geron (8th from left), alongside Mayor Fernando B. Estavilla (7th from left) and DSWD Region VII Director Shalaine Marie S. Lucero (6th from left), spearheads the launch of the LANDBANKasama Program in the Municipality of President Carlos P. Garcia in Bohol to bring banking services closer to the residents of the island town. (right photo) LANDBANKasama Partner ZVN Store demonstrates to DSWD beneficiaries the convenience of conducting cash-in and cash-out transactions using LANDBANK’s point-of-sale terminal. The Land Bank of the Philippines (LANDBANK) is ramping-up efforts towards expanding financial inclusion in the country with the nationwide rollout of the LANDBANKasama Program that will provide basic banking services in far-flung and underserved communities, also known as Geographically Isolated and Disadvantaged Areas (GIDAs). The LANDBANKasama Program was launched as part of the state-run Bank’s Digital Financial Inclusion Caravan on 18 January 2024 with simultaneous events in 11 sites nationwide in the provinces of Batanes, Tarlac, Quezon, Oriental Mindoro, Camarines Sur, Bohol, Negros Occidental, Leyte, Cagayan de Oro City, Davao del Norte, and Sulu. The new LANDBANKasama Partners tapped in these sites will add to the Bank’s 1,113 accredited local partners operating 1,870 cash-out terminals as of December 2023. The LANDBANK Digital Financial Inclusion Caravan, which promotes digital banking and the habit of saving through financial education, introduced the LANDBANKasama Program and the new LANDBANK PISO Plus, among the Bank’s latest offerings. “The LANDBANK Digital Financial Inclusion Caravan represents our steadfast commitment to fostering financial inclusion and empowering the underserved. We will continue to leverage on meaningful partnerships and digital technology to reach and serve even the farthest corners of the country,” said LANDBANK President and CEO Lynette V. Ortiz. Expanded financial access through LANDBANKasama Program To ensure financial access even in the most remote and underserved areas, LANDBANK is expanding its strategic partnerships with local players—client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities, among others—to provide basic banking services on behalf of the Bank. LANDBANKasama is a rebrand of the Bank’s Agent Banking Program (ABP), which better captures the goals of the Program in creating strategic points of banking access and promoting collaboration among local players towards expanding financial inclusion. LANDBANKasama Partners provide services such as cash withdrawals, cash deposit, fund transfers, bills payment, and balance inquiry, while helping to save on transportation costs for clients who previously needed to travel to other towns and cities for these basic banking transactions. The program benefits beneficiaries of the Conditional Cash Transfer (CCT) Program of the National Government, as well as government employees, teachers, students, and other private clients from underserved communities. Banking and saving made easier with PISO Plus Participants open the new LANDBANK PISO Plus account on the spot using their smartphones through the LANDBANK Mobile Banking App, during the rollout of the Digital Financial Inclusion Caravan in the Municipality of Mayantoc in Tarlac. To encourage more Filipinos into the habit of saving, the Bank also launched its newest product, the LANDBANK PISO Plus, which is a basic deposit account that interested customers can conveniently open online through the LANDBANK Mobile Banking App (MBA). With no initial deposit and no maintaining balance required, opening a LANDBANK PISO Plus account provides customers instant access to the Bank's other digital banking services. These include fund transfers, bills payment, e-commerce transactions, and cardless withdrawals through the LANDBANK MBA. There is also no required average daily balance for the account to earn interest. Alongside a virtual Visa Debit Card, customers can opt to obtain a physical card for a nominal fee. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, and leverage on innovative technology for safe, convenient, and accessible digital banking solutions.
READ MORE(seated) LANDBANK President and CEO Lynette V. Ortiz (3rd from right) and Ayala Healthcare Holdings (AC Health) and Healthway Cancer Care Hospital (HCCH) Chairman Paolo Maximo Borromeo (4th from right) formalize a P500-million loan agreement in support of HCCH on 10 January 2024 in Taguig City. Joining them as witnesses from LANDBANK are Executive Vice President Ma. Celeste A. Burgos (2nd from right) and Senior Vice President Lucila E. Tesorero (rightmost), alongside Healthway Medical Network (HMN) and HCCH President and CEO Jaime E. Ysmael (5th from right) and AC Health and HCCH Chief Finance Officer Ruby P. Chiong (leftmost). TAGUIG CITY – The Land Bank of the Philippines (LANDBANK) has granted a P500-million loan to the newly inaugurated Healthway Cancer Care Hospital (HCCH) in Arca South, Taguig City. HCCH is under AC Health’s hospitals and clinics arm, the Healthway Medical Network (HMN), and is the first dedicated comprehensive cancer hospital in the Philippines. The loan will fund the Hospital’s general corporate requirements, which includes acquisition of essential medical equipment, to enhance the hospital’s capacity to provide the best care to patients battling cancer. This is in line with enhancing access to quality and affordable cancer treatment in the country. "Healthcare is a very important pillar to us at LANDBANK. And this P500-million transaction to boost the operations of Healthway Cancer Care Hospital will go a long way towards providing responsive and accessible cancer care. We hope that this is the start of a fruitful and meaningful partnership that will span many years," said LANDBANK President and CEO Lynette V. Ortiz. The signing ceremony was led by LANDBANK President and CEO Ortiz and AC Health and HCCH Chairman Paolo Maximo Borromeo on 10 January 2024 at the Healthway Cancer Care Hospital in Taguig City. Also present as witnesses were LANDBANK Executive Vice President Ma. Celeste A. Burgos and Senior Vice President Lucila E. Tesorero, alongside HMN and HCCH President and CEO Jaime E. Ysmael and AC Health and HCCH Chief Finance Officer Ruby P. Chiong. HCCH offers a range of treatment modalities, including chemotherapy, radiation, surgery, and diagnostics, catering to a broad base of patients. "The involvement of LANDBANK underscores the power of partnerships in creating a sustainable model that addresses the immediate challenges of cancer care while contributing to the larger mission of improving the overall health landscape in the Philippines – allowing us to sustain our facility, to deliver world-class cancer care and implement innovative solutions that drive down costs. LANDBANK’s support is an endorsement of our vision of transformative, inclusive healthcare," said AC Health and HCCH Chairman Borromeo. HMN and HCCH President and CEO Ysmael added, “The generous support extended by LANDBANK has not only provided us with the necessary resources to keep turning our dream into reality but has also reinforced the belief that, when fighting cancer, we are not alone. This support goes beyond monetary value; it reflects a shared commitment to help others.” HMN is a subsidiary of AC Health, which is a wholly-owned subsidiary of the Ayala Corporation. By fostering collaboration and investing in critical healthcare infrastructure, LANDBANK is strengthening the country’s healthcare system and promoting healthier and more fulfilling lives for Filipinos. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
READ MORESuper Sweldo Save Mastercard Promo Mechanics Qualified Cards: The promotion is open to Credit, Debit, and Prepaid Cardholders of Mastercard whose accounts are active and in good standing. Promotion Period: January 15 to January 31, 2024 February 15 to February 29, 2024 March 15 to March 31, 2024 Promotion Details: Save your Mastercard credit, debit, or prepaid card on the airasia Superapp and get 300 bonus airasia Points. Saving of cards must be made on promo periods indicated from 12:00 am to 11:59 pm Philippine time Bonus points will be credited to the airasia Member ID within 30 days after promo period of the month the card was saved Customer Journey 1. Download the airasia Superapp mobile app or visit the airasia website. 2. Login or sign up for an account. 3. On the Superapp homepage, under “Account” and “My account information,” click “My Checkout Cards.” 4. Click “Add new card.” 5. Enter your card details and click “Save.” Promo Landing Page: https://www.airasia.com/aa/campaign/en/gb/enjoy-bonus-300-airasia-points-with-mastercard.html Terms and Conditions 1. The promotion is valid for new and existing airasia Superapp users. 2. The promotion is valid for one-time use only. 3. To qualify for the bonus points, the Cardholder must save his or her Cards on the airasia Superapp. 4. The offer is not convertible to cash or credit. It may not be exchanged with any other product. 6. The Cardholder agrees that should his or her purchase be found fraudulent, Mastercard shall have the right to charge the value of the bonus points to his or her Card. 7. Any dispute concerning the service/s related to the Promotion offer shall be settled directly between the Cardholder and airasia Superapp with the concurrence of DTI. 8. The Promotion is not valid in conjunction with any ongoing promos of airasia Superapp. Per DTI Fair Trade Permit No. FTEB-177553 Series of 2023
READ MOREIloilo Terminal Market vegetable stall owner Jasmin Marasigan now accepts cashless payments via QR code powered by LANDBANK. ILOILO CITY, Iloilo – In line with its commitment to make cashless transactions more accessible, the Land Bank of the Philippines (LANDBANK) has equipped Iloilo City’s public market store owners with the capacity to accept digital payments. Jasmin Mangalisan, a vegetable vendor at the Iloilo Terminal Market, is grateful for the increased security and efficiency in her digital transactions since adopting the use of Quick Response (QR) technology powered by LANDBANK. "Ang cashless nga pagbayad sa akon dako nga bulig sa adlaw-adlaw namon nga negosyo, labi na gid sa mga holiday. Wala na sang peke nga kwarta mabaton, gamay nga sinsilyo na lang kag hapos magbayad sa akon nga mga suppliers gamit ang online transfers," Jasmin said. (“Cashless payment has become a game-changer in our day-to-day business, especially during the holidays. No more fake money scares, less bulky loose change to manage, and it’s easier to pay my suppliers through online transfers”) Aside from the improved security, Jasmin noted the significant convenience that QR payment has afforded her since the recent rollout of PalengQR Ph Plus in Iloilo City. "Ang kwarta na ginabayad sa akon mahapos magamit tungod sa akon LANDBANK account. Kag sa akon nga LANDBANK ATM kag Mobile Banking App, ang pagsulod kag kuha sang kwarta, mahapos na lang," she added (“My collections are readily accessible through my LANDBANK account, and with my ATM card and Mobile Banking App, cash in and out is a breeze.”) The Paleng-QR Ph Plus program is spearheaded 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 is leveraging the transformative power of digitalization to advance cashless transactions across local markets nationwide. In partnership with the BSP and DILG, we are empowering store owners like Jasmin, as we continue to promote financial freedom for all," said LANDBANK President and CEO Lynette V. Ortiz. The Bank's active participation in the PalengQR Ph Plus program nationwide extends beyond Iloilo City. Since August 2022, the Bank has facilitated on-the-spot account openings for market vendors, customers, and public transport drivers nationwide. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
READ MOREThe Land Bank of the Philippines (LANDBANK) ended 2023 with an all-time high net income of P40.3 billion—the very first time that it breached the P40-billion mark surpassing its full-year target by P5 billion. The Bank’s 2023 profit translates to a substantial 34% expansion from P30.1 billion in 2022. The robust financial performance was fueled by strong revenues from loans and investments alongside prudent cost management. “LANDBANK’s strong financial performance in 2023 exemplifies sound management committed to deliver remarkable results in a thriving economy. We will build on this growth momentum to further drive meaningful investments in advancing inclusive and sustainable development in the country," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s assets climbed 4.2% to P3.3 trillion, bolstered by strong deposit inflows and income generated from loans and investments. The Bank saw deposits grow by 4.5% to P2.9 trillion. The state-run Bank maintains a stable and robust capital position, with year-end capital jumping to P266.8 billion on the back of strong profitability. This translates to 27% year-on-year growth from P210.6 billion last year. LANDBANK’s financial ratios continued to be at healthy levels, with Capital Adequacy Ratio (CAR) at 16.35% and Common Equity Tier 1 Ratio (CET 1) at 15.46%. Return on equity stood at 16.87%, significantly higher than the 12.15% industry average. This strong financial base will further enhance support for agriculture, fisheries and rural development (AFRD), as well as other key development sectors, in line with the Bank’s broader thrust of serving the nation. From January to December 2023, LANDBANK’s loans granted to various sectors translated to more infrastructure facilities and basic services provided to Filipinos across the country. “We look forward to 2024 as another banner year for LANDBANK, underscoring our commitment to transformative and disruptive digital initiatives. This momentum gives us much optimism towards reaching new milestones in expanding financial inclusion nationwide,” added President and CEO Ortiz. Finance Secretary and LANDBANK Chairman Ralph G. Recto recently met with the LANDBANK Management, and commended the Bank for surpassing its financial targets in 2023, maintaining a strong capital position, and intensifying support to agriculture, fisheries, and rural development. He also lauded the bank's strong support of the national government’s programs and the implementation of various digital platforms. Secretary Recto also assured full support for the bank's strategic initiatives in 2024 for national development lending, treasury and investment, digital banking, and cybersecurity, among other areas. LANDBANK garnered the highest rating for corporate governance in 2022 among government-owned and controlled corporations (GOCCs) in the country from the Governance Commission of GOCCs (GCG). ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to being at the forefront of nation-building through the delivery of responsive services beyond banking.
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 |
