Cited by the World Bank for disbursing CLF I in a record setting of two years, three years ahead of the draw down schedule. This paved the way for the opening of another credit facility, the Countryside Loan Fund II.
READ MORERecognized as the first among the nine government-owned and controlled corporations and government financing institutions in terms of the implementation of the Integrity Development Action Plan or IDAP of the Philippine Anti-Graft Commission for the second semester of 2009.
READ MORENewsgram, LANDBANK’s official newsletter received another Award of Merit at the Philippine Quill Awards 2014 conferred by the International Association of Business Communicators. Newsgram won under the Communication Skills Division, Publications Category. This is the third Philippine Quill Award for Newsgram having been recognized in 2010 and 2012 as well. The Philippine Quill is one of the of the country’s most prestigious awards for business communication. Corporate Affairs Department Head/VP Catherine Rowena Villanueva, Marketing Communications and Special Publications Unit Head Melissa Calimag and Managing Editor Bonn Marie Abalajon received the trophy during the Awards Night last March 9 at the Crowne Plaza Galleria Manila.
READ MOREThe Land Bank of the Philippines is further expanding its retail lending programs as it intensifies its support for small farmers and fishers. “As we seek to reach more farmers nationwide, we are heavily focusing on making retail loans accessible, especially to those who are not members of associations or cooperatives and are unable to obtain loans from formal lending institutions on their own,” said LANDBANK President and CEO Cecilia C. Borromeo. While it continues to channel financing support to the sector through partner conduits such as farmers and fishers’ cooperatives, irrigators’ associations, and countryside financial institutions, the Bank is aggressively strengthening its retail lending programs to provide more individual borrowers with direct access to credit. LANDBANK-funded programs A newly-enhanced direct lending program is the Accessible Funds For Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs) Program, which will specifically cater to ARBs engaged in production of rice, corn, and high-value crops. The loan can also be used for the acquisition of small farm implements. The Program is a partnership with the Department of Agrarian Reform, which will provide the Bank with a list of ARBs and mobilize borrowers for loan orientation and financial literacy seminars prior to loan release to ensure ARBs are equipped with the basic knowledge to manage their finances and learn about farm planning and budgeting. LANDBANK also implements the Empowering Barangays in Remote Areas through Credit and Enterprise (EMBRACE), a direct lending program with relaxed features and requirements for small farmers and fishers, as well as microenterprises and small enterprises (MSEs) in unserved municipalities. Eligible projects include agricultural crop, livestock, and fishery production, as well as agri-enterprise and other livelihood projects. Support for National Government Programs LANDBANK also continues to strengthen its partnership with the Department of Agriculture as it implements retail lending programs for farmers, in pursuit of the government’s thrust towards improved agricultural productivity. A continuing partnership with DA is on the implementation of the Agricultural Competitiveness Enhancement Fund (ACEF) – a special purpose fund which aims to increase the productivity of individual farmers and fishers, and their cooperatives and associations, as well as MSMEs, through credit assistance. Since the Program was launched in 2018, LANDBANK has already released P96.6 million in loans to 172 borrowers, which helped finance their crop production requirements and purchase of agri-machineries, equipment, and facilities. In line with the implementation of the Rice Tariffication Law, the Bank also works with DA on the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund. LANDBANK and the Development Bank of the Philippines will each make P500 million in credit assistance available to small palay farmers. The financing assistance will come with minimal interest rate and minimum collateral requirements. LANDBANK also continues to implement the Sikat Saka Program, which provides direct credit and integrated support services to small palay and corn farmers who are members of Irrigators Associations or endorsed by Farmers Organizations. Sikat Saka covers 45 major rice-producing provinces and 11 corn-producing provinces in the country. Since its launch in 2012, the Program has already benefited 16,174 small farmers, with cumulative loan releases at P8.535 billion as of end-April. Outstanding loans of 9,630 farmers as of the same period amounted to P909.93 million. Farmer-borrowers are likewise trained on credit discipline and financial management to teach them how to save, pay loans on time, and better manage their finances. Also a continuing program is the Socialized Credit Program under the Sugarcane Industry Development Act (SIDA) – a direct lending program funded by the Sugar Regulatory Administration specifically targeted at individual sugarcane farmers, block farms, and common service centers. As of April 2019, the Program has so far benefited 276 borrowers, with cumulative loan releases amounting to P27.738 million. “We continue to place utmost priority on providing responsive and relevant programs, especially to our priority sectors, as we work towards promoting growth that is inclusive and sustainable, especially in the countryside,” Borromeo added. Apart from credit support, LANDBANK also provides technical assistance such as financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge that will allow them to optimize their loans to improve their income and boost their productivity. LANDBANK remains the biggest credit provider to small farmers and fishers among government financial institutions.
READ MOREThe 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 MOREAs of Tue, May 13, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.4 | 56 |
| JPY | 0.368188 | 0.383152 |
| EUR | 60.582563 | 63.046928 |
| GBP | 71.954083 | 74.881016 |
| HKD | 7.082795 | 7.625072 |
As of Fri, May 9, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.559832 |
| Money Market Fund | 1.312666 |
| Money Market Plus Fund | 1.225039 |
| PERA Money Market Fund | 1.024898 |
| Medium-Term Bond Fund | 2.472054 |
| Bond Fund | 2.03555 |
| PERA Bond Fund | 1.207998 |
| Balanced Fund | 2.6614 |
| Growth Fund | 2.619604 |
| Alpha Equity Fund | 3.074968 |
| Blue Chip Equity Fund | 0.975735 |
| Equity Fund | 0.803535 |
| High Dividend Equity Fund | 1.018337 |
| US$ Money Market Fund | 1.433429 |
| Global $ Fund | 1.527149 |
