Mirasol Development Corporation Agrarian Reform Cooperative (MDCARC) was established in 2014 through the assistance of the Department of Agrarian Reform (DAR) and Land Bank of the Philippines (LANDBANK), under the Agrarian Production Credit Program (APCP). SAGAY CITY, Negros Occidental – Farmer-members of the Mirasol Development Corporation Agrarian Reform Cooperative (MDCARC) were once on the brink of losing the land that they were tilling until they sought assistance from Land Bank of the Philippines (LANDBANK). Through the help of the Department of Agrarian Reform (DAR), MDCARC availed of the Agrarian Production Credit Program (APCP) with LANDBANK which allowed them to continue with the production of their sugarcane farms. “Malaki ang pasasalamat namin sa LANDBANK at sa DAR kasi kung wala sila, baka wala na yung lupa namin. Baka napunta na sa malalaking haciendero,” said MDCARC Chairman Arnold Lapuhapo. Established in 2014, MDCARC had an initial member of 134 small farmers who pursued their claim for agrarian reform coverage for the almost 40 hectares of agricultural land from its former owner-corporation. The DAR first assisted MDCARC in 2012 to capacitate them and prepare them for their land ownership, as well as the requirements of APCP availment, which eventually paved the way for LANDBANK to approve their P4.0M-credit line under the APCP in 2014 to finance their sugarcane cultivation and production. Aside from farming support, Lapuhapo said that APCP was also key in uplifting the lives of their farmer-members saying, “Maraming nagbago talaga. Dati nung meron pa kaming amo hindi namin naranasan magkaroon ng benepisyo at yung Pasko namin mahirap na mahirap. Ngayon, yung mga benepisyo namin at Pasko ay nakakaluwag na.” At present, MDCARC now owns almost 110 hectares of land dedicated to sugarcane farming. They are also building on the gains that they achieved from being an APCP availer by diversifying the coop’s business to microfinancing, poultry farming, and sand and gravel production, all for the benefit of their farmer-members. “Ipinagpatuloy namin yung pagpapalago sa coop namin para sa mga susunod na taon ay pataas nang pataas na lang ang aming assets at income,” Lapuhapo added. The APCP is a joint venture of DAR and LANDBANK, which aims to achieve sustainable crop production and increase the income of agrarian reform beneficiaries (ARBs) and their households through the provision of credit and capacity building assistance. Aside from APCP, LANDBANK also promotes other programs for the benefit of the ARBs. As the financial conduit of the Comprehensive Agrarian Reform Program (CARP), the Bank is involved in determining the land valuation and compensation for all lands covered under CARP, and the issuance of Certificate of Full Payment and Release of Real Estate Mortgage to ARBs. Last year, LANDBANK also partnered with DAR to introduce the Accessible Funds for Delivery to Agrarian Reform Benefeciaries (AFFORD-ARBs) Program which provided loans to finance the production of rice, corn, high-value crops, as well as farm implements. Outstanding loans for this Program in 2019 reached P100.86 million, which was availed by 523 farmer-borrowers and a cooperative. Meanwhile, the Bank and the Department of Agriculture (DA) is jointly implementing the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) for individual sugarcane farmers, block farms, and common service centers. In 2019, SCP-SIDA loans amounted to P111.37 million, assisting 992 farmers. For more information, log-on to LANDBANK’s official website at https://www.landbank.com/agrarian-operations or call the Bank’s Agrarian Services Group at (02) 8-405-7363, or visit the nearest LANDBANK Lending Center located nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) is urging its valued clients to utilize the Bank’s electronic and digital platforms to serve banking needs while the country is under a state of calamity due to the coronavirus disease (COVID-19) pandemic. “During these challenging times, the health of our customers has become our number one priority. We urge everyone to use LANDBANK’s digital and online banking services in the safety of their homes as much as possible, instead of physically visiting our Branches,” LANDBANK President and CEO Cecilia C. Borromeo said. President Borromeo strongly encourages the use of the LANDBANK Visa Debit Card and LANDBANK Mastercard Credit Card to make cashless payments at merchants accepting Visa and Mastercard. Likewise, the general public is urged to utilize LANDBANK’s 2,196 ATMs and 159 Cash Deposit Machines nationwide as of March 15, including online and electronic channels to access secure and convenient banking services. These channels include the LANDBANK Mobile Banking App, iAccess, WeAccess, Electronic Tax Payment System and Phone Access, which offer a wide array of services such as viewing of account balance, viewing of transaction history, and transferring of funds, among others. LANDBANK is also one of the first banks in the country to adopt the national QR standard in its Mobile Banking App, which facilitates faster and seamless person-to-person (P2P) fund transfers with greater ease and convenience. Through LANDBANK’s Link.BizPortal, clients can also pay for products and services via the internet from 700-enrolled private merchants and government institutions. This includes the payment of income tax returns (ITR) which are to be properly filed to the Bureau of Internal Revenue (BIR) by April 15, 2020. Continued Branch Operations Several LANDBANK Branches in the NCR and Luzon, as well as in Visayas and Mindanao, will remain open and continue banking operations from 9:00 AM to 2:00 PM starting March 18, 2020. While complying with the Enhanced Community Quarantine and the Stringent Social Distancing Measures over the entire Luzon, LANDBANK employees in the Head Office and selected branches are reporting for work as skeletal force to ensure that there will be no disruption in the delivery of the Bank’s services. Moreover, LANDBANK has started implementing safety health measures in its branches and offices nationwide, in line with upholding public health while continuing to serve banking needs. This forms part of LANDBANK’s Business Continuity Management (BCM) protocols, which have been activated to help prevent the spread of COVID-19 while maintaining normal banking operations. “LANDBANK is implementing these measures to ensure the health and safety of our customers and employees, which are of utmost importance at this time. Rest assured that as we exert efforts to protect public health, we will continue to provide reliable and accessible banking services,” President Borromeo added. Safety Health Measures LANDBANK Branches are now carrying out screening procedures for clients, which include temperature checks and provision of hand disinfectants prior to entry. Those with temperature readings of 38°C and above will not be allowed to enter the Bank. Social distancing is also promoted by limiting the number of customers on seating capacity inside the branch premises at any given time. For more updates and client advisories, including the availability of LANDBANK Branches nationwide, please make sure to follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) today assured beneficiaries of the national government’s social intervention program—the Conditional Cash Transfer (CCT), under the Department of Social Welfare and Development’s (DSWD) Pantawid Pamilyang Pilipino Program (4Ps)—that the state bank will continue to release their cash grants as scheduled through their LANDBANK Cash Cards. Crediting of the cash grants to a total of 2,528,122 CCT beneficiaries nationwide will be on March 24, 26 and 28, 2020. At the same time, LANDBANK reminded the beneficiaries, including the general public, that LANDBANK Cash Cards may be used for cashless purchases of groceries and medicines in supermarkets and drugstores through the Point-of-Sale (POS) machines at the cashier or check-out counters. Also, in line with safety and health measures being adopted by the Bank, clients are encouraged to use LANDBANK’s ATMs and electronic banking channels which may be accessed 24/7, anytime, anywhere, instead of going to its branches. These include the LANDBANK Mobile App, iAccess, WeAccess, Link.Biz Portal, Electronic Tax Payment System and Phone Access. Meanwhile, LANDBANK also assured the public of its continued banking operations. Selected LANDBANK Branches in the NCR, Luzon, Visayas and Mindanao will remain open. For a list of these available branches, including updates and client advisories, please visit, like and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) is launching a new lending program to help Local Government Units (LGUs) on the purchase of goods and procurement of services to support their constituents during the COVID-19 crisis. The Bank is allocating P10 billion for the LANDBANK HEAL (Help via Emergency Loan Assistance for LGUs) Program as emergency funding for provincial, city, and municipal governments. “The HEAL Program is LANDBANK’s way of supporting our LGUs deliver immediate health services, food, and basic commodities to their constituents during this crisis. Our LGUs are at the forefront of this adversity, and as our partners in development, we will continue to finance their recovery and rehabilitation needs,” LANDBANK President and CEO Cecilia C. Borromeo said. Both client and non-client LGUs of the Bank may avail of the HEAL Program at an affordable fixed interest rate of 5% per annum, payable up to a maximum of five years, with a one-year grace period on principal payment. The LANDBANK HEAL Program is also in support of Republic Act No. 11469, otherwise known as the “Bayanihan to Heal as One Act,” declaring a state of national health emergency, and grants President Rodrigo R. Duterte the power and authority to carry out urgent measures to combat COVID-19. This includes the provision of timely and affordable credit to affected sectors, especially in the countryside. Interested LGUs may contact the nearest open 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. For more updates and client advisories, please make sure to follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com. Click here for more information.
READ MORETo support families and communities severely affected by the COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P16,347,295,950.00 to P3,721,826 Conditional Cash Tansfer (CCT) household-beneficiaries nationwide through the national government's Social Amelioration Program (SAP) intended for the purchase of basic food, medicine, and toiletries. Of the P16.34 billion total amount, P6.05 billion has already been credited to their LANDBANK Cash Cards Friday (April 3, 2020) for 1.19 million beneficiaries covering NCR, CAR, Regions I, II, III, IV-A, and ARMM. Meanwhile, LANDBANK will credit P5.26 billion-worth of cash grants on Saturday (April 4, 2020) for 1.29 million beneficiaries in Regions IV-B, V, VI, VII and IX, while the remaining balance of P5.01 billion cash grants will be released on Sunday (April 5, 2020) to 1.23 million beneficiaries in Regions VIII, X, XI, XII, CARAGA and all other regions. “We want to ensure that social protection programs reach our most vulnerable sectors during this crisis the soonest time possible. Through our LANDBANK Cash Cards, we are delivering financial assistance in an immediate, safe, secure, and convenient manner,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s release of the cash grants is in support of Joint Memorandum Circular No. 1, Series of 2020, which specifies the guidelines for the provision of social amelioration measures by the Department of Social Welfare and Development (DSWD), Department of Labor and Employment (DOLE), Department of Trade and Industry (DTI), Department of Agriculture (DA), Department of Finance (DOF), Department of Budget and Management (DBM), and Department of the Interior and Local Government (DILG) to the most affected residents of the current national health and economic emergency. The provision of SAP forms part of Republic Act No. 11469 or the “Bayanihan to Heal as One” Act, which greenlights urgent measures to combat COVID-19. The beneficiaries may withdraw from the 2,196 LANDBANK ATMs available nationwide, and the more than 20,000 ATMs of Bancnet-member banks free of charge. They may also use their LANDBANK Cash Cards to purchase goods from groceries and drugstores or withdraw money from LANDBANK's partner Cash-out Agents. For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) started releasing Tuesday (April 7) cash aid totaling P33,408,000.00 or P8,000 each to 4,176 Transport Network Vehicle Service (TNVS) drivers in the National Capital Region to help them cope with the suspension of mass public transportation amid the enhanced community quarantine in Luzon. The financial assistance is part of the Memorandum of Agreement (MOA) signed last April 3, 2020 between LANDBANK, the Department of Social Welfare and Development (DSWD) and the Land Transportation Franchising and Regulatory Board (LTFRB) for the distribution of emergency subsidy to qualified drivers of TNVS, Public Utility Jeeps (PUJs), UV Express (UVs), Public Utility Bus (PUBs), Point-to-Point Bus (P2P), Taxi, School Transport, Tourist Transport, and Motorcycle (MC) Taxi. Beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) are not covered by this cash assistance and have been excluded by DSWD to avoid duplication of benefits. The cash aid may be claimed via over-the-counter transactions from the nearest open LANDBANK branch. LANDBANK is waiving all fees and charges for the cash grant. “We are working closely with the DSWD and LTFRB for the efficient and effective distribution of emergency subsidy to our PUV drivers. Rest assured that LANDBANK will continuously support the national government in carrying out social protection programs to combat COVID-19,” said LANDBANK President Cecilia C. Borromeo. The cash grant is in line with the passage of Republic Act No. 11469 or the “Bayanihan to Heal as One” Act and the issuance of DSWD-DOLE-DTI-DA-DOF-DBM Joint Memorandum Circular No. 1, Series of 2020 or the “Special Guidelines on the Provision of Social Amelioration Measures.” For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREIn partnership with the Department of Labor and Employment (DOLE), the Land Bank of the Philippines (LANDBANK) will distribute a total of P1.2 billion-worth of financial assistance to 250,000 workers under the COVID-19 Adjustment Measures Program (CAMP). The CAMP program supports workers affected by the adverse economic impacts brought about by the COVID-19 pandemic and forms part of the government’s Social Amelioration Program (SAP). Based on submissions received by DOLE from 2,773 private companies, LANDBANK will release a one-time financial aid of P5,000.00 each to an initial batch of 250,000 worker-beneficiaries—majority of which are based in the National Capital Region (NCR). Through the LANDBANK Remittance System (LBRS)/PESONet Facility, the financial assistance will be directly credited to workers’ existing LANDBANK account, other bank accounts, or through remittance partner Palawan Express for those without a deposit account. LANDBANK is waiving all fees and charges for the cash grant. “We understand how our workers, regardless of their employment status, are experiencing reduced incomes brought about by this health and economic adversity. Rest assured that together with DOLE, LANDBANK is committed to provide immediate financial access to our workers and their families during this critical time,” LANDBANK President and CEO Cecilia C. Borromeo said. Under the social amelioration interventions of Republic Act No. 11469 or the “Bayanihan to Heal as One Act,” LANDBANK serves as partner of government agencies in delivering social protection programs to households most affected by the COVID-19 pandemic. For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) today said it will implement additional measures to strictly enforce social distancing in its branches as it continues to release the P8,000 cash assistance to a total of 36,946 drivers of public utility vehicles (PUVs) in the National Capital Region (NCR). In a statement, LANDBANK said it is strictly observing social distancing inside and within the premises of its branches nationwide. The state-owned bank said it has already coordinated with the Land Transportation Franchising and Regulatory Board (LTFRB), concerned local government units (LGUs), and the Philippine National Police (PNP) for assistance in crowd management, and to help safeguard the welfare of its clients against the CoVid-19 pandemic. Likewise, LTFRB and LANDBANK said it will release to at least 500 beneficiaries per branch, per day, to control the queuing system and waiting time. The bank started distributing the cash grants last April 7, 2020. After the Holy Week, an unusually large volume of drivers rushed to LANDBANK branches to claim their cash grants, which is part of the social amelioration program (SAP) of the national government in line with the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act.” The financial assistance is in partnership with the Department of Social Welfare and Development (DSWD) and the LTFRB for the distribution of emergency subsidy to qualified drivers of Transport Network Vehicle Service (TNVS), Public Utility Jeeps (PUJs), UV Express (UVs), Public Utility Bus (PUBs), Point-to-Point Bus (P2P), Taxi, School Transport, Tourist Transport, and Motorcycle (MC) Taxi.
READ MOREThe Land Bank of the Philippines (LANDBANK) is offering a new lending program to help Small and Medium Enterprises (SMEs), Microfinance Institutions (MFIs) and cooperatives recover from the adverse effects brought about by the coronavirus disease (COVID-19) pandemic. Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably-affected Enterprises by Covid 19) Lending Program, LANDBANK is providing assistance through credit and loan restructuring under more flexible terms and conditions. Interested SMEs, MFIs and Cooperatives may borrow up to 85% of their actual need for working capital, at an affordable interest rate of 5% per annum, payable up to a maximum of five years, with grace period on the principal payment. I-RESCUE likewise offers restructuring of existing loan account via additional loan, extended repayment period, or through other means (or combination of means). The loan may be extended up to a maximum of 10 years, with up to 3 years grace period on principal and up to 1 year grace period on interest, depending on cash flow. “LANDBANK stands ready to respond to the financial needs of enterprises hardly hit by the COVID-19 pandemic for rehabilitation support. We hope that the I-RESCUE Lending Program will help restore economic and social activities in our country, especially in the countryside,” LANDBANK President and CEO Cecilia C. Borromeo said. The LANDBANK I-RESCUE Lending Program is in support of Republic Act No. 11469 or the “Bayanihan to Heal as One Act,” which ensures the provision of timely and affordable credit to sectors affected by COVID-19, including small farmers and fishers. Interested borrowers may contact the nearest open 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. Click here for more information.
READ MOREThe Land Bank of the Philippines (LANDBANK) supports government agencies in the distribution of various social protection programs to poor households most affected by the ongoing Enhanced Community Quarantine (ECQ) brought about by the COVID-19 threat. In partnership with the Department of Social Welfare and Development (DSWD), LANDBANK released cash grants totaling P16.34 billion to 3,721,833 Conditional Cash Transfer (CCT) household-beneficiaries nationwide. The amount of P3,650 to P6,650 per beneficiary was credited to their LANDBANK Cash Cards. Also together with the DSWD, the Department of Transportation (DOTr) and the Land Transportation and Franchising and Regulatory Board (LTFRB), LANDBANK started distributing to 18,602 Transport Network Vehicle Service (TNVS) drivers in the National Capital Region amounting to P 148.816 million with each driver receiving P8,000 to help tide them over in these difficult times. Under the COVID-19 Adjustment Measures Program (CAMP) of the Department of Labor and Employment (DOLE), a total of P1.2 billion in financial assistance will be released to an initial batch of 250,000 beneficiaries from 2,773 private companies at P5,000 per worker. LANDBANK has already started releasing to the workers from the National Capital Region. It is also working with DOLE on the cash assistance for displaced land-based and sea-based OFWs due to COVID 19 pandemic under the DOLE AKAP for OFWs Program. Meanwhile, through the Financial Subsidy to Rice Farmers (FSRF) of the Department of Agriculture (DA), LANDBANK has started releasing to 52,043 small rice farmer totaling P260.215 million at P5,000 per farmer. LANDBANK will continue releasing to the remaining farmers in the coming days. Likewise, the social amelioration funds from DSWD to local government units (LGUs) have already been released through LANDBANK to DSWD and the Bureau of Treasury (BTr) Regional Offices for release to the LGUs. “LANDBANK is one with the national government in carrying out urgent measures to support our people as we collectively respond to the COVID-19 pandemic. This includes the immediate delivery of social protection interventions and much-needed financial relief during these difficult times,” LANDBANK President and CEO Cecilia C. Borromeo said. LANDBANK also clarified that it is not charging or collecting any service or transaction fee in its SAP partnerships with the DSWD, DOTr, LTFRB, DOLE and DA. Aside from this, withdrawal in any LANDBANK Branch or ATM is free of charge. Likewise, online fund transfers thru InstaPay and PESONet are also free of charge during the ECQ period. These LANDBANK programs were introduced in partnership with government agencies after it was designated as the disbursement arm of the Social Amelioration Program (SAP) of the government for the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act.” This is in compliance with Joint Memorandum Circular No. 1, Series of 2020, which specifies the guidelines for the provision of social amelioration measures, jointly issued by the Department of Social Welfare and Development, Department of Labor and Employment, Department of Trade and Industry (DTI), Department of Agriculture, Department of Finance (DOF), Department of Budget and Management (DBM), and Department of the Interior and Local Government (DILG). Last month, LANDBANK rolled out relief packages to clients in the form of payment moratoriums. For credit cardholders and salary loan borrowers, as well as mortgage and housing loans, there is a 60-day grace period for payments falling due from March 18 to April 30, 2020, and a 30-day grace period for business loans and project finance loans for the same period. Loan amortizations of Agrarian Reform Beneficiaries were also granted a one-year moratorium. For details and updates, please refer to the official LANDBANK social media accounts @landbankofficial (Facebook and Instagram), @LBP_Official (Twitter), and www.landbank.com.
READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.4 | 55.9 |
| JPY | 0.376062 | 0.390629 |
| EUR | 61.664004 | 64.057767 |
| GBP | 72.538526 | 75.35443 |
| HKD | 7.116675 | 7.647847 |
As of Wed, April 30, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558326 |
| Money Market Fund | 1.311473 |
| Money Market Plus Fund | 1.223865 |
| PERA Money Market Fund | 1.024157 |
| Medium-Term Bond Fund | 2.473735 |
| Bond Fund | 2.028301 |
| PERA Bond Fund | 1.202455 |
| Balanced Fund | 2.625609 |
| Growth Fund | 2.598945 |
| Alpha Equity Fund | 3.025756 |
| Blue Chip Equity Fund | 0.970814 |
| Equity Fund | 0.790417 |
| High Dividend Equity Fund | 1.009225 |
| US$ Money Market Fund | 1.432555 |
| Global $ Fund | 1.531474 |
