Agriculture Secretary Dr. William D. Dar (3rd from right), LANDBANK President and CEO Cecilia C. Borromeo (3rd from left), and Cagayan Gov. Manuel N. Mamba (2nd from right) present a ceremonial LANDBANK SURE Aid Cash Card to farmer Gerry Macapulay of Alcala, Cagayan (4th from left) during the launch of the SURE Aid Program in Cagayan. With them are 3rd District Board Member Rodrigo de Asis (extreme left), Municipal Agriculturist Eusebio Manuel (4th from right), LANDBANK Senior Vice President Filipina B. Monje (extreme right), and LANDBANK Assistant Vice President Victor A. Agorto (2nd from left). (Photo courtesy of DA-Communications Group).\ PEÑABLANCA, Cagayan – More than 800 farmers received a total of P12 million in loan assistance from the Department of Agriculture (DA) and Land Bank of the Philippines (LANDBANK) during the launch of the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid) at the Capitol Gymnasium in this municipality. Agriculture Secretary Dr. William D. Dar and LANDBANK President and CEO Cecilia C. Borromeo led the distribution of LANDBANK SURE Aid Cash Cards pre-loaded with the one-time P15,000 loan assistance to 803 qualified farmers from the Municipalities of Piat, Tuao, Amulung, Iguig, Solana, Alcala, Enrile, and Peñablanca. The zero-interest, no collateral loan is payable up to eight years. They were joined by Cagayan Governor Manuel N. Mamba, DA Region 2 Regional Executive Director Narciso A. Edillo, LANDBANK Northern and Central Luzon Lending Group Head Senior Vice President Filipina B. Monje, and LANDBANK Cagayan Lending Center Head Assistant Vice President Victor A. Agorto. “The Province of Cagayan holds great potential in agriculture and aquaculture. As the provincial government, led by Gov. Mamba, nurtures this sector, LANDBANK is more than ready to provide the necessary developmental assistance to local industries, especially to small farmers, fishers and entrepreneurs,” President Borromeo said. A total of P30 million has been allocated under the SURE Aid Program for the estimated 2,000 farmers in the Province of Cagayan who are tilling one hectare and below. To date, some 41,000 palay farmers from 41 provinces nationwide have benefitted from the SURE Aid Program, with more than P600 million in loan assistance distributed under the Program. Meanwhile, the DA also distributed various agricultural assistance and projects to the provincial government of Cagayan during the event, which included P321 million in hybrid seeds (P195 million for rice and P126 million for corn), and P187 million in agricultural machineries, irrigation facilities, and infrastructures.
READ MORELand Bank of the Philippines is one with the Philippine Commission on Women (PCW) in the annual observance of the 18-Day Campaign to end VAW from November 25-December 12, 2019.
READ MOREManila City Mayor Isko Moreno (3rd from left) and LANDBANK President and CEO Cecilia C. Borromeo (4th from left) present the signed Loan Agreement for P10 billion which will finance various development project in the City. Joining them are LANDBANK Executive Vice President for Branch Banking Sector Joselito P. Gutierrez (extreme right), LANDBANK Executive Vice President for Agricultural and Development Lending Liduvino S. Geron (2nd from right), Secretary to the Mayor Bernardito C. Ang (extreme left) and City Budget Officer Atty. Mary Grace Chua (2nd from left). Complementing his vigorous campaign to clean-up the streets of Manila from garbage and eyesores, Manila Mayor Isko Moreno is also focusing on upgrading the city’s health, educational, tourism and public services facilities. On November 11, 2019, the City Government of Manila signed a P10-billion Loan Agreement with Land Bank of the Philippines (LANDBANK) under the Bank’s Omnibus Term Loan Facility (OTLF). The approved loan facility will be used to finance the following: (1) construction and renovation of the Ospital ng Maynila Medical Center, the Pamantasan ng Lungsod ng Maynila School of Medicine Building, the new City Hall building, and the Manila Sky Deck; (2) the rehabilitation of Manila Zoo and the development of Pandacan Depot into a commercial district; and (3) the acquisition of equipment, furniture and fixture for these projects. Present during the loan signing were LANDBANK President and CEO Cecilia C. Borromeo, Executive Vice President for Agricultural and Development Lending Liduvino S. Geron, who signed for the Bank, and Senior Vice President for Corporate Banking Ma. Celeste A. Burgos as witness. They were joined by Executive Vice President for Branch Banking Joselito P. Gutierrez and First Vice President for North NCR Branches Marilou L. Villafranca. Also present were City Legal Officer Atty. Genaro Jose Emeterio S. Moreno, Jr., OIC of the Treasury Department Ma. Jazmin A. Talegon, City Accountant Maria Lourdes R. Manlulu, Secretary to the City Mayor Bernardito C. Ang, and City Budget Officer Atty. Mary Grace Chua. “Over the years, LANDBANK has worked closely with local government units nationwide and has remained the biggest provider of financial assistance and development financing to the sector because we believe that local government is the biggest, if not the most integral, link between the national government and their respective localities,” said President Borromeo. The Bank’s OTLF allows qualified provinces, municipalities, and cities to avail of loans for projects that are listed in their Approved Local Development Plan or Annual Investment Program. This eliminates the inconvenience and associated transaction cost in having to secure loan approval for every single project to be implemented.
READ MOREThe PREMYO BONDs is the latest investment offering of the Bureau of the Treasury (BTr) that can give you a chance to win 1 million pesos! Click here for the Notice of Offering and click here for the FAQs. For more information, kindly visit the BTr's website.
READ MORELANDBANK Treasury and Investment Banking Sector Head Executive Vice President Carel D. Halog (right photo) discusses the convenience of purchasing the Premyo Bonds via the LANDBANK Link.BizPortal during its recent launch. The Premyo Bonds launch was led by (left photo) National Treasurer Rosalia V. De Leon (third from right), together with (from right to left) China Bank Capital Corporation President Ryan Martin I. Tapia, LANDBANK EVP Halog, DBP President and CEO Emmanuel G. Herbosa, BDO Capital and Investment Corporation Eduardo V. Francisco, and First Metro Investment Corporation President Rabboni Francis B. Arjonillo. As part of its support to the government’s thrust to make government securities more accessible to the general public, Land Bank of the Philippines (LANDBANK) makes available its online payment facility—Link.BizPortal—as a convenient way for its account holders to invest and purchase the Bureau of Treasury’s (BTr) on-going Premyo Bonds offering. LANDBANK announced this initiative during the launch of the Premyo Bonds last November 25, 2019 at the Bulwagan ng Diwang Pilipino, Development Bank of the Philippines (DBP) Head Office, Makati City. National Treasurer Rosalia V. De Leon led the launch together with top executives from partner banks in both private and public sectors, namely DBP President and CEO Emmanuel G. Herbosa; BDO Capital and Investment Corporation Eduardo V. Francisco; China Bank Capital Corporation President Ryan Martin I. Tapia; First Metro Investment Corporation President Rabboni Francis B. Arjonillo; and LANDBANK Executive Vice Presidents Carel D. Halog and Alan V. Bornas representing LANDBANK President and CEO Cecilia C. Borromeo. EVP Halog presented a step-by-step process in using LANDBANK’s Link.BizPortal for a more convenient way to invest in the Premyo Bonds. “This is a trailblazing effort to help reach the retail investors as part of the government’s financial inclusion efforts, through LANDBANK’s Link.Biz Portal,” EVP Halog said. Premyo Bonds are part of the government’s savings mobilization program designed to make government securities more accessible to retail investors. Proceeds from these will be used to fund government programs on education, housing, and healthcare, among others. “The Premyo Bonds is a public-private partnership for Filipinos to get into the habit of investing,” Treasurer De Leon said during the launch. For as low as Php500.00, interested individuals, cooperatives, provident funds, and retirement funds can invest in these bonds with a fixed 3% interest rate per annum. Investors also automatically qualify for a raffle entry for a chance to win as much as P1 million and other prizes such as condo unit or house and lot. Offer period will run from November 25 to December 13, 2019. For more information, visit https://www.treasury.gov.ph/premyobonds/.
READ MOREBangko Sentral ng Pilipinas Governor Benjamin E. Diokno (3rd from left) leads the launch of the EGov Pay and QR Ph last November 20, 2019 with (left to right) RCBC President and CEO Eugene S. Acevedo, LANDBANK President and CEO Cecilia C. Borromeo, PayMaya Founder and CEO Orlando B. Vea, UnionBank President and CEO Edwin R. Bautista. Land Bank of the Philippines (LANDBANK) announced that it has already enrolled nearly 700 merchants to its Link.Biz Portal, which facilitates electronic payment to various government and private merchants, in support of the Government e-Payments (EGov Pay) Program of the Bangko Sentral ng Pilipinas (BSP). This makes LANDBANK the first bank to implement the EGov Pay. At the recent launching of the BSP’s EGov Pay and National Quick Response Code Standard (QR Ph) Programs, LANDBANK said a total of 349 government agencies and 332 private institutions to date are already enrolled in LANDBANK’s Link.Biz Portal, such as the Bureau of Internal Revenue (BIR), Philippine National Police (PNP), Philippine Overseas Employment Administration (POEA), Professional Regulation Commission (PRC), and the Department of Trade and Industry (DTI), among others. LANDBANK developed the Link.Biz Portal, together with the Philippine Payments Management, Inc. (PPMI) and PESONet, in support of the National Retail Payment System (NRPS), a policy framework that seeks to establish a safe, efficient and reliable retail payment system in the country. “We congratulate the BSP for these milestone initiatives. LANDBANK supports these programs as the safest, most convenient and cost-efficient means of accelerating digital payments across the country. Through our Link.Biz Portal, we are able to help government collect revenues efficiently, which facilitates the prompt delivery of social services to the public through a quick and safe payment mechanism via the internet,” said LANDBANK President and CEO Cecilia C. Borromeo. Link.Biz Portal is designed to allow clients to conveniently pay for products and services online for both government and private institutions, using LANDBANK and other PESONet PayGate participating banks accounts, BANCNET-partner issuing bank accounts, Globe G-Cash accounts, and cash payment option. Meanwhile, LANDBANK said it has also adopted the QR Code for person-to-person (P2P) fund transfers between LANDBANK account holders. The QR Code is a two-dimensional bar code which stores digital information and allows clients to transfer funds to a destination account via an online channel or application, where clients could scan/import the recipient banks’ QR Code via their mobile devices.
READ MOREConsistent with its goal to provide additional means for farmers to access credit assistance, Land Bank of the Philippines (LANDBANK) recently launched the nationwide implementation of the Sulong Saka Program which is designed to promote wider crop diversification, particularly for high-value crops. LANDBANK has allotted a total of Php 10 billion for the Program to help small farmers increase their production of high-value crops such as vegetables (highland, lowland, spices, legumes); fruits (mango, banana, pineapple); industrial crops (abaca, bamboo, coffee, cacao, rubber, oil palm); and alternative food staple crops (saba-cardaba, soybean, root crops). “The Sulong Saka Program is part of our aggresive efforts to intensify support interventions to the agriculture sector. With this new lending program, we are helping our farmers avail of more financial support to increase their crop yield and in turn, increase income for their families,” LANBANK President and CEO Cecilia C. Borromeo said. “At the same time, we want our farmers to consider engaging in high-value crop production to improve the country’s crop diversity, which is currently dominated by traditional crops like rice, corn, and coconut,” she added. Aside from promoting crop production, the Sulong Saka Program also supports projects that involve the processing and marketing of high-value crops. Farmers can apply for financial support for the establishment of nursery, budwood or mother and plant or parent clone gardens; new plantation, replanting, rejuvenation, and rehabilitation of old trees; post-harvest projects; as well as trading and export activities. Individual small farm holders can apply for the loan with an affordable interest rate of 5% per annum. Other eligible borrowers include small and medium enterprises (SMEs), cooperatives, farmer associations and organizations, large agribusiness enterprises and corporations, local government units (LGUs), non-government organizations (NGOs), and countryside financial institutions (CFIs). The Sulong Saka Program is a new addition to LANDBANK’s credit loan portfolio for farmers, which already includes the Accessible Funds for Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs) Program, the Sikat Saka Program in partnership with the Department of Agriculture (DA), the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) funded by the Sugar Regulatory Administration, the Agricultural Competitiveness Enhancement Fund (ACEF), and the Rice Competitiveness Enhancement Fund (RCEF), among others. Interested borrowers may visit the nearest LANDBANK Lending Center or visit the official website at www.landbank.com, or contact the 24/7 customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 10800-10-405-7000, for more information.
READ MORELANDBANK President and CEO Cecilia C. Borromeo and CHED and UniFAST Governing Board Chairman J. Prospero de Vera III lead the signing of the Memorandum of Agreement for the Tertiary Education Subsidy (TES) Program. With them were (L-R) Association of Local Colleges and Universities (ALCU) Vice President Elena E. Presnedi, UniFAST OIC Executive Director Atty. Carmelita Yadao-Sison, and LANDBANK Branch Banking Sector OIC, Senior Vice President Ramon R. Monteloyola. In line with its thrust of extending access to formal banking services, the Land Bank of the Philippines (LANDBANK) has partnered with the Commission on Higher Education (CHED) and the Unified Student Financial Assistance System for Tertiary Education (UniFAST) to provide efficient and convenient financial support to poor but deserving students. LANDBANK President and CEO Cecilia C. Borromeo and CHED and UniFAST Governing Board Chairman J. Prospero de Vera III formally signed the Memorandum of Agreement (MOA) to co-implement the Tertiary Education Subsidy (TES) Program last December 27 at the Centro Escolar University in Manila. Under the TES Program, more than 400,000 student-grantees from public and private higher education institutions nationwide will be issued LANDBANK Cash Cards for their monthly stipends to cover expenses for supplies, transportation, room and board, and other personal and school needs. The collaboration is aligned with LANDBANK’s continuous commitment to promote financial inclusion and widen access to banking facilities by reaching more underserved Filipinos all over the country. “Through the use of our LANDBANK Cash Cards, students will enjoy the ease and convenience of receiving their monthly allowances via our automated teller machines (ATMs) and branches nearest them. More importantly, this ensures the safe and efficient delivery of their stipends for school needs and education-related expenses on time and without any delays,” President Borromeo said. Student-beneficiaries under the TES Program will be able to access their allowances via LANDBANK’s network of 2,195 ATMs and 409 branches nationwide, as well as point-of-sale (POS) facilities. In addition, student-beneficiaries are qualified to use LANDBANK’s phone banking and online banking facilities and services for easier and faster financial transactions. “Rest assured that we will do our share to make this Program successful. We are one with CHED and UniFAST in helping provide inclusive and quality education that will help shape the lives of the country’s future generations,” President Borromeo added. LANDBANK will receive the list of student-beneficiaries from UniFAST, which includes beneficiaries under the ongoing Expanded Students’ Grant-in-Aid Program for Poverty Alleviation (ESGP-PA) and students belonging to poor or near-poor households based on the Listahanan 2.0 of the Department of Social Welfare and Development (DSWD), among others. The TES Program forms part of the implementation of Republic Act 10931 or the Universal Access to Quality Tertiary Education Act.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (3rd from right) and Cooperative Development Authority (CDA) Chairman Orlando R. Ravanera (2nd from right) led the signing of the Memorandum of Agreement for the Financial Inclusion Through Cooperatives (FIT-Coop) Program that will support unbanked and underserved micro and small cooperatives all over the country. This was witnessed by LANDBANK Agricultural and Development Lending Sector Head Executive Vice President Liduvino S. Geron (leftmost) and CDA Executive Director Ray R. Elevazo (rightmost). The Land Bank of the Philippines (LANDBANK) and the Cooperative Development Authority (CDA) have joined hands anew for the Financial Inclusion Through Cooperatives (FIT-Coop) Program, an initiative that will provide capacity-building support to micro and small cooperatives in unbanked and underserved areas nationwide. LANDBANK President and CEO Cecilia C. Borromeo and CDA Chairman Orlando R. Ravanera led the signing of the Memorandum of Agreement (MOA), together with CDA Executive Director Ray R. Elevazo and LANDBANK Agricultural and Development Lending Sector Head Executive Vice President Liduvino S. Geron. Through the FIT-Coop Program, a total of 220 cooperatives with more than 31,000 members from 92 unbanked municipalities all over the country will undergo financial literacy trainings that would better prepare them to access formal credit assistance. “The signing of this MOA for the FIT-Coop Program is a momentous and historical event— a great breakthrough in putting those in the margins into the mainstream of the development process. This will also be a great leap forward for CDA to fulfill its mandate to promote the viability and growth of cooperatives as instruments of social justice and economic development,” CDA Chairman Ravanera said. LANDBANK President Borromeo said the FIT-Coop Program is also a clear display of the Bank’s continuous commitment to reach the smallest cooperatives in the most far-flung areas and empower them to become catalysts for inclusive growth in the countryside. “LANDBANK is no stranger to cooperativism. We know that a lot more can be done if we collaborate with them. Communities have transformed into very progressive local economies because of cooperatives. The crucial thing is we strengthen the weak micro and small cooperatives so that they can grow and access formal lending programs,” President Borromeo said. Under the FIT-Coop Program, assesment tools from both CDA and LANDBANK were utilized to develop the Cooperative Assessment Tool—an instrument which will measure a cooperative’s maturity level and readiness for different support services. In addition, an Environmental Mapping or Scanning Tool was likewise devised to identify necessary but missing facilities in the community which hamper the cooperative’s growth and development. The CDA and LANDBANK will then refer the data collected from these tools to relevant government agencies to further help cooperatives thru possible developmental interventions. President Borromeo added that this strategy is very much aligned with the Duterte Administration’s “whole-of-government approach”, wherein relevant government agencies collaborate and synergize efforts to achieve more significant results.
READ MOREThe year 2019 turned out to be a landmark year for the Land Bank of the Philippines (LANDBANK) as it breached the P2 trillion mark in assets—a new record for the state-owned universal Bank. LANDBANK posted total assets of P2.03 trillion last year, up by 8% or P157.2 bilion from 2018. This was propelled by deposits amounting to P1.78 trillion which recorded an uptick of 8% or P127.23 billion year-on-year. Likewise, the Bank’s net income also grew by 20% to P18.51 billion from P15.48 billion. This translates to a return on equity of 13.19% which is above the industry average of 10.38% as of September 2019. Meanwhile, capital significantly rose to P149 billion, 13% or P17.38 billion more than the P131.62 billion posted in 2018. “Reaching this new milestone in assets, including consistent growth in all financial fronts, has made 2019 a banner year for LANDBANK. More importantly, we are banking on this performance to enable us to create a bigger impact in helping the agriculture sector grow this year. We look to build on this momentum to intensify and further expand support to our priority sectors, our small farmers and fishers in the countryside,” LANDBANK President and CEO Cecilia C. Borromeo said. LANDBANK is the biggest credit provider to small farmers and fishers, and local government units, and the biggest lender to microenterprises and SMEs among government financial institutions.
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 |
