Government-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 MOREGovernment-owned Land Bank of the Philippines recorded solid growth in the first quarter of the year, with higher net income of P4.75 billion and double digit growth in loans, assets and deposits. The Bank’s net income for the three-month period is up by 12% from P4.26 billion in the same period last year. This is also 14% higher than the Bank’s first-quarter income target of P4.16 billion. Return on equity for the quarter was at 13.04%, while net interest margin stood at 3.42%, both above the latest industry averages. LANDBANK President and CEO Cecilia C. Borromeo attributed the strong first-quarter performance to substantial increase in income from loans and investments. Interest income on loans jumped 69% as the Bank’s gross loan portfolio grew to P867.32 billion from P708.10 billion in March 2018. Meanwhile, income from investments in financial assets grew by 43% to P6.36 billion from P4.44 billion. The Bank’s total assets likewise increased by 16% to P1.89 trillion from P1.63 trillion, while deposits grew by 17% to P1.68 trillion from P1.44 trillion in March last year. Total capital stood at P136.47 billion, a 26% increase from last year’s P108.37 billion. Borromeo said that this puts LANDBANK in a good position to further drive support for its priority sectors, especially to farmers and fishers, microenterprises and SMEs, agribusiness and other development players. “We work hard to maintain the Bank’s sound financial position as the profits from our commercial banking operations allow us to move toward our bigger mission of promoting inclusive growth, especially in areas where financial services are not easily available or accessible,” said Borromeo, who added that the Bank is continuously investing on technology to pursue its inclusive growth thrust and to provide greater convenience to clients. LANDBANK recently opened its 400th branch in Jagna, Bohol – marking its continuing expansion efforts to bring access to financial services and credit assistance, especially to the unbanked and underserved areas in the country. The Bank’s 400 branches are supplemented by 49 Branch-Lites, 44 Lending Centers and 2,018 ATMs all over the country. It targets to bring its total number of branches to 410 by the end of the year.
READ MORECamarines Sur Provincial Administrator Fortunato Peña and LANDBANK First Vice President Lou Villafranca led the turnover of water filtration kits to Usman-hit areas in Albay and Camarines Sur. They were joined by LANDBANK Tabaco Branch Manager Emmanuel Hizola, Iriga Branch Manager Emmanuel Avengoza, Sipocot Branch Manager Ma. Cristina Jusi, and Pili Branch Manager Marivic Oliva. Over 6,000 residents from Albay and Camarines Sur were given access to clean drinking water through LANDBANK’s Gawad KATUBIGAN (KAakibat na TUlong sa Bayan sa Inumung KailanGAN). Last March 2019, LANDBANK successfully turned over 60 water filtration units to Bicolanos devastated by Typhoon Usman, a natural disaster that hit the country late last year with Albay and Camarines Sur among those heavily affected. LANDBANK First Vice President for Southeast Luzon Branches Group Marilou Villafranca also turned over LANDBANK’s donation of Php1,215,000 as financial aid to the provinces of Camarines Sur and Albay. This will benefit 16 cities/municipalities. Gawad KATUBIGAN The Gawad KATUBIGAN is the Bank’s way to reach out to more Filipinos in remote areas who do not have access or have limited access to potable water. Implemented in partnership with W4W Philippines, Gawad KATUBIGAN is one of the Bank’s Corporate Social Responsibility Programs, which started as a small disaster response project in 2015. Its primary objective was to provide water filtration systems to typhoon-hit areas and hard-to-reach communities that need access to clean and safe drinking water. The Project has since been expanded into a full-blown program with three components: a “Disaster Response Component” through which water filter systems are provided to calamity-stricken areas; a “Disaster Preparedness Component” which provides rain catchment systems and disaster preparedness training to communities in disaster-prone areas; and a “Needs-based Component” wherein LANDBANK, upon the endorsement of its branches nationwide, provides rain catchment and filtration systems to far-flung communities with limited or no access to clean drinking water. Accredited by the Department of Health, the water filtration systems have the ability to remove 99.99% of bacteria that cause water-borne diseases such as cholera, salmonella, E. coli, among others. Each water filtration system, which can filter one million gallons of water, can provide clean drinking water for 100 people a day and can last for five to 10 years, if properly maintained.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (second from left) receives the award from Nahlaa Al-Hammadi, Director General of the Oman Ministry of Commerce and Industry. With them are ADFIAP Chairman Mr. Phub Dorji (second from right) and Oman Development Bank CEO Dr. Abdulaziz Mohammed Al-Hinai. LANDBANK’s Volunteerific Program was recognized as an Outstanding Development Project under the Corporate Social Responsibility category of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards 2019. It is among the 29 development programs recognized by the ADFIAP in recent ceremonies held in Oman. Public service is second nature to Landbankers – as employees of a government institution with a unique social development mandate. The organization’s strong spirit of volunteerism is a concrete manifestation of its brand of service culture. The Volunteerific Program was institutionalized as a vital component of the Bank’s core value of social responsibility. It allows employees to not only participate in the Bank’s Corporate Social Responsibility (CSR) programs but also initiate their own volunteerism activities and consequently inspire others to be more socially aware and responsible. In 2018, the Volunteerific Program engaged a total of 86.23% or 8,158 out of the 9,482 Landbankers nationwide to participate in and initiate their own volunteer activities – with the most number of total volunteer hours clocked in at around 46 hours. More than 500 activities were conducted by Landbankers all over the country last year, including watershed adoption; solid waste management and water quality improvement initiatives for coastal areas and other water tributaries; repair and repainting of schools; and skills and knowledge sharing to indigent communities. By voluntarily donating a portion of their salaries every year, Landbankers also help fund the Bank’s Gawad Patnubay Scholarship Program (GPSP) which supports the education of more than 100 scholars taking-up agriculture and agriculture-related courses in college. LANDBANK volunteers also dedicate their free time as trainers under the Education-to-Employment (E2E) Internship component of GPSP. The E2E gives graduates opportunities to develop professional strengths through seminars and hands-on field training—all geared toward helping them ease into agriculture-related professions. Landbankers also champion environmental sustainability with initiatives such as the LANDBANK Ecobrick program which fosters the practice of ecobricking among the Bank’s employees. In 2018, the program produced 3,500 ecobricks from 900,000 grams of plastic waste, making LANDBANK the top ecobricking community in the world. To date, the Volunteerific activities of Landbankers continue to multiply and are creating extensive impact on communities near and far. More than just providing dole-outs the Program has provided the Bank’s employees with avenue to share their time and extend wholehearted service to communities in need. Recognitions Since 2016, the Program has won for the Bank several awards and commendations. In LANDBANK was recognized by the Philippine National Volunteer Service Coordinating Agency (PNVSCA) under the National Economic and Development Authority (NEDA) as the only government agency with an established volunteerism program for employees, and was conferred the National Outstanding Volunteer Award for the Corporate-Institution category last December 2018. The program also bagged an Award of Excellence in Communication Management: Community Relations category of the 2018 Philippine Quill Awards.
READ MORETupi Mayor Reynaldo Tamayo Jr. and spouse Mrs. Rochelle Tamayo (fourth and fifth from left) pose with LANDBANK President and CEO Cecilia C. Borromeo (third from left), Executive Vice President for Branch Banking Liduvino Geron (left-most), and First Vice President for East Mindanao Branches Group Camilo Leyba (fifth from right). With them are Tupi Branch Head Mary Beth Kalabud (second from left), Vice Mayor Noel Escobillo (third from right) and other Tupi LGU officials. Tupi, South Cotabato Mayor Reynaldo Tamayo Jr. and LANDBANK President and CEO Cecilia C. Borromeo led the inauguration of the Bank’s new branch in Tupi located at the Municipal Hall Compound in Barangay Poblacion. This was Mrs. Borromeo’s first branch inauguration since she re-joined LANDBANK as its President and CEO last March 1. “The opening of this new branch forms part of our aggressive thrust to expand our network as we seek to bring banking services closer to our clients,” said Borromeo. LANDBANK Tupi Branch is the first commercial bank in the municipality, and is the Bank’s 10th in the province. This brings its nationwide branch network to 398, which is targeted to reach 410 by the end of the year – with 12 more new branches in the pipeline. Digitization thrust In line with LANBANK’s commitment to provide accessible and responsive customer service, Borromeo said among the Bank’s priority thrusts this year is to improve branch operations through digitization. Part of the Bank’s efforts towards digitization is the implementation of the Digital Onboarding System (DOBS), a web application it launched in 2018 that enables clients to accomplish account enrolment forms online, thereby shortening account opening time. Within four months of implementation, DOBS is now utilized in 104 of the Bank’s branches across the country which reported significant reduction in account opening time from 30 minutes to 10-15 minutes. The Bank targets full implementation of DOBS Phase 1 to all its branches by third quarter of the year. DOBS Phase 2 will link the system to the Bank’s website which will allow individual (including Overseas Filipinos) and institutional clients to fill out account opening forms and upload IDs and documents online, prior to proceeding to the branch to complete the account opening process. The implementation of DOBS makes LANDBANK the first universal bank in the country that offers this service to both individual and institutional clients, including government agencies. Borromeo further urged the local government of Tupi and other clients of the branch to avail of the LANDBANK Link.Biz Portal, especially this tax payment season. Link.Biz Portal is an electronic payment facility that allows payment for taxes, application fees, and other dues and charges in government and non-government institutions. “These are just some of our initiatives but we will continue to make the best use of technology to streamline our processes, improve operational efficiency, and provide our clients with faster, safer and more convenient service,” Borromeo added.
READ MORELANDBANK Executive Vice Presidents Alan V. Bornas (third from left) and Julio D. Climaco, Jr (rightmost) receive the Asia’s Most Inclusive Bank award during the 2019 IDC FIIA awarding ceremony at the Marina Bay Sands Convention Center, Singapore. LANDBANK was named “Asia’s Most Inclusive Bank” at the 2019 Financial Insights Innovation Awards (FIIA) held recently at the Marina Bay Sands Convention Center, Singapore. The award was conferred by International Data Corporation to recognize the best-in-class technology initiatives of financial institutions in Asia and the Pacific. The Bank was recognized for its Digital Onboarding System (DOBS), a web application it launched in 2018 to reduce account opening time and simplify the account enrolment process for clients. Within four months of implementation, the System is now utilized in 64 of the Bank’s branches across the country which reported significant reduction in account opening time from 30 minutes to 10-15 minutes. The implementation of DOBS makes LANDBANK the first universal bank in the country that offers full digital account opening to both individual and institutional clients, including government agencies. The System is also designed to ensure the Bank’s compliance to regulatory requirements in terms of data quality as it allows immediate capturing and validation of complete account-opening data and enables easy storage and retrieval of digital records. Bringing innovative banking to the countryside “This Project is a significant step towards streamlining our processes and making our branches more IT-centric. DOBS will likewise play a central role in bringing our services to more unbanked and unserved areas, as we pursue our vision of promoting inclusive growth in the countryside,” said LANDBANK Executive Vice President Alan Bornas, who received the award in a ceremony held as part of the Asian Financial Services Congress in Singapore. Being the only Bank present in all of the country’s provinces, LANDBANK, through DOBS, can further make financial services accessible and available to more Filipinos in far-flung areas. The Bank aims a full implementation of DOBS Phase 1 to all its branches by third quarter. Phase 2, on the other hand, is set to be implemented by July 2019, which will banner additional features such as: 1) Client on-boarding without going to a branch; 2) Accessibility feature for OFWs, and; 3) Updating of customer information, among others. Out of 110 entries, LANDBANK is one of the 13 awardees and the only Philippine bank recognized in this year’s FIIA.
READ MORELANDBANK Executive Vice President Julio D. Climaco, Jr. receives the LEED v4 Gold Certificate for the LANDBANK Plaza from Ecosolutions President and CEO Engr. Felipe Agustin (second from right). They are joined by (from right) LANDBANK Vice President for Facilities and Procurement Services Dina Melanie Madrid, Accredited Professional of LEED for BO+M Arch. Kristina Samantha Pobre, Ecosolutions LEED Green Associate Arch. John Paul Efe, LANDBANK Facilities Management Department Head Ramil Remillano and Architect Christine Joy Laroza. The LANDBANK Plaza in Malate, Manila was recently conferred with the Leadership in Energy and Environmental Design (LEED) v4 Gold Certification. This makes the Bank the first in the country to receive the latest version of the certification under the “Building Operations and Maintenance (BO+M): Existing Buildings” classification. LANDBANK is also the first government-owned and-controlled corporation with a facility awarded an LEED certification for Existing Buildings, while its head office remains one of the country’s top seven pioneering projects that have been successfully certified. Designed by the US Green Building Council (USGBC), LEED is the most widely used green building rating system to assess environmental compliance in terms of sustainability, energy conservation, water reduction, air quality and materials, and resources. “LANDBANK has remained consistent in incorporating environmental management practices in all aspects of our operations, services, and decisions. This LEED v4 Gold Certification is thus a welcome recognition of our continuing commitment to implement green practices and to lower our environmental impact,” said LANDBANK Executive Vice President Julio D. Climaco, Jr. Improvements implemented by the Bank include: (1) reuse of treated water from Sewage Treatment Plant (STP) for cleaning/ washing of pavements and exterior areas of the building; (2) replacement of existing water meters and sub metering to improve water consumption monitoring and quick resolution of leakage or misuse; (3) installation of energy-efficient lighting fixtures in all work areas; (4) replacement of defective air condensing units to more energy-efficient equipment; and (5) provision of alternative transportation for employees through e-jeepney service vehicles. Since the implementation of these and other innovations, the LANDBANK Plaza saw substantial decrease in water and electricity consumption, while cost savings increased. The Bank also implements building exterior and hardscape management, environmentally preferred purchasing policy, integrated pest control management, solid waste management, and green cleaning programs, among other policies and practices. Since 2004, LANDBANK has maintained an Environmental Management System (EMS) at par with global standards, with its head office and 39 of its branches now ISO 14001:2004-certified while EMS good practices are consistently implemented across all of its branches and field units.
READ MOREThe Bureau of the Treasury (BTr), in partnership with the Land Bank of the Philippines (LANDBANK), launched the first-ever Retail Treasury Bond (RTB) Online Facility to make RTBs available for online purchase. The five-year RTB tranche 22 offered by BTr is now made available to a wider public through an online ordering facility that makes investing easier and more accessible to more Filipinos, even to Overseas Filipinos (OFs). The RTB Online Facility automates the process through online accomplishment of an order form that is linked to LANDBANK Link.Biz Portal – an internet-based payment channel designed to accept payment of fees, dues, and charges from clients of enrolled merchants from government or private institutions. This initiative by the BTr aims to encourage participation from individual investors and expand reach to OFs. The RTB Online Facility is available for those who have peso deposit accounts (with online access) with LANDBANK and the Development Bank of the Philippines, the Joint Lead Issue Managers of RTB 22. Interested investors may place a minimum of P5,000 and in integral multiples thereafter with an interest rate of 6.25% gross per annum. RTBs offer period is until March 8, 2019 only and mature in 2024.
READ MORELANDBANK recently bagged two Awards of Excellence and a Merit Award at the Philippine Quill Awards 2018 conferred by the International Association of Business Communicators (IABC) in a ceremony held at the Manila Marriott Hotel. Read more.
READ MOREAs of Wed, June 18, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.45 | 56.95 |
| JPY | 0.38324 | 0.398024 |
| EUR | 63.905794 | 66.376649 |
| GBP | 74.752438 | 77.642669 |
| HKD | 7.164991 | 7.698615 |
As of Wed, June 18, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.567055 |
| Money Market Fund | 1.318249 |
| Money Market Plus Fund | 1.230686 |
| PERA Money Market Fund | 1.027957 |
| Medium-Term Bond Fund | 2.481467 |
| Bond Fund | 2.026902 |
| PERA Bond Fund | 1.201009 |
| Balanced Fund | 2.674433 |
| Growth Fund | 2.643801 |
| Alpha Equity Fund | 3.091873 |
| Blue Chip Equity Fund | 0.976162 |
| Equity Fund | 0.814599 |
| High Dividend Equity Fund | 1.024096 |
| US$ Money Market Fund | 1.438105 |
| Global $ Fund | 1.537131 |
