LANDBANK Senior Vice President Charlotte I. Conde (5th from right), together with other Bank officials, recently paid a courtesy visit to DASURECO Board President Al D. Castillon (6th from right) and General Manager Engr. Jerry D. Morastil (4th from right) to express the Bank’s continued support to the cooperative. The Land Bank of the Philippines (LANDBANK) has extended financial support to a Davao del Sur-based electric cooperative to provide financial relief to over 230,000 households and consumers from Davao del Sur and Davao Occidental in paying their electricity bills incurred during the dry season. Under the LANDBANK ANTI BILL SHOCK Lending Program, the Davao del Sur Electric Cooperative, Inc. (DASURECO) has been granted a credit line to augment its working fund in the last summer months, when a spike in power consumption and distribution expenses normally occurs due to rising temperatures. The credit line provides DASURECO with the financial flexibility to spread out the incremental increases in their consumers’ billings by up to nine months without passing off the borrowing cost to consumers. This arrangement helps its member-consumers mitigate the impact of high electricity rates by paying through installment or on a staggered basis. “LANDBANK recognizes the vital role of electric cooperatives and distribution utilities in energizing the country’s economic expansion. We will further support the energy sector towards ensuring accessible and affordable energy for all, including funding projects that utilize renewable sources of energy,” said LANDBANK President and CEO Lynette V. Ortiz. The ANTI BILL SHOCK Lending Program, launched by the state-run Bank in April 2023 with an initial fund of P1.5 billion, stands for Assistance to Narrow and Trim down the Incremental power cost increase via Bridge financing Initiative of LANDBANK to Lower and Spread out HOt summer-triggered monthly Consumption on Konsumers’ Electricity. The Energy Regulatory Commission (ERC) previously expressed its support to the implementation of the LANDBANK program in an effort to mitigate the impact of high electricity rates to consumers. “This is truly one of the best examples of what we can accomplish together adopting a whole-of-government approach: those of us in energy sector working hand-in-hand with our counterparts in the private financing sector in finding solutions to provide some much-needed relief for our consumers,” said ERC Chairperson and CEO Atty. Monalisa C. Dimalanta. LANDBANK is still processing and accepting loans under the ANTI BILL SHOCK Lending Program to help more households better manage their electricity bills, especially those who cannot afford to immediately pay their bills in full. Eligible power distributors may loan up to 80% of the incremental increase on their working capital requirements during the summer months but not to exceed the repayment capacity of the distribution utilities or three times the average billings of its power suppliers. “The extensive experience and expertise of LANDBANK in the banking and financial sectors, coupled with longstanding reputation of DASURECO as a reliable electricity provider, make the partnership a promising endeavor,” said DASURECO Board President and Philippine Association of Board of Directors of Rural Electric Cooperatives (PHABDREC) National President Al D. Castillon. “I am confident that our combined efforts will have a positive impact on the lives of the member-consumer-owners and contribute to the overall progress and prosperity of Davao del Sur and Davao Occidental,” he added. Prior to availing of a credit line under the ANTI BILL SHOCK Program, DASURECO has been providing collection extensions or similar concessions to its member-consumers affected by catastrophic events, such as earthquakes and the COVID-19 pandemic. As an electric cooperative and distribution utility, DASURECO delivers reliable electricity to its consumer-members through affordable rates. The co-op is among the National Government’s partners for the Rural Electrification Program, particularly in the provinces of Davao del Sur and Davao Occidental. “We are very thankful to LANDBANK for extending quality services and for always being there to assist us. With the ANTI BILL SHOCK Program, we are able to help more of our member-consumers in mitigating the impact of higher electricity bills in the previous months without impairing the co-op’s liquidity position,” said DASURECO General Manager Engr. Jerry D. Morastil. DASURECO has been a LANDBANK borrower since 2021 and maintains a good credit standing with the Bank. Interested borrowers of the ANTI BILL SHOCK Program may contact the nearest 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.
READ MOREThis is to certify that Land Bank of the Philippines, with business address at LANDBANK Plaza, 1598 M.H. del Pilar Cor. Dr. Quintos Sts. 1004, Malate, Manila, has duly complied with the registration requirements of the Data Privacy Act of 2012, its Implementing Rules and Regulations, and all related issuances. This certificate was issued under the seal of the Commission and serves only as proof of registration and not a verification of the contents of any document submitted in relation thereto. The information on this certificate has been made part of the records of the Commission. Effective until 07 June 2024. Download file
READ MOREGSIS President and General Manager Jose Arnulfo “Wick” A. Veloso (right) and LANDBANK President and CEO Lynette V. Ortiz (left) lead the signing of the Data Sharing Agreement on 17 July 2023, to make financial services more efficient and convenient for GSIS members and pensioners. In line with the National Government’s digitalization drive, the Land Bank of the Philippines (LANDBANK) and the Government Service Insurance System (GSIS) signed a Data Sharing Agreement to provide a more efficient and seamless banking experience to GSIS members. Under the Agreement, GSIS will share its members’ data to LANDBANK to enhance the delivery of banking services, which includes real-time crediting of benefit claims, loans, and other proceeds for over 1.5 million GSIS members who maintain accounts with the Bank. The collaboration will likewise allow members of the state pension fund to receive their LANDBANK Visa Debit Cards within the same day of card enrolment at the GSIS Main Office in Pasay City. Through the LANDBANK Cards, members will be able to conveniently receive and withdraw their claims and proceeds from GSIS. “This Agreement further builds upon the partnership of LANDBANK and GSIS to streamline processes and enhance operational efficiency for the benefit of GSIS members. We fully support the digitalization journey of GSIS by attending to their banking requirements with innovative solutions,” said LANDBANK President and CEO Lynette V. Ortiz. The signing of the Agreement on 17 July 2023 was led by LANDBANK President Ortiz and GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso. They were joined by GSIS Vice President and Data Protection Officer Jonathan Pineda and LANDBANK senior officers, including Executive Vice President Liduvino S. Geron, Senior Vice President Ramon R. Monteloyola, GSIS Branch Head Manuel A. Dimalaluan, and Data Protection Officer Atty. Rhys S. Abundabar. “With this Agreement, our stakeholders are assured that their private, confidential information are safe and secure with us. Makatitiyak sila na pangangalagaan natin ang kanilang data privacy at protektado ang kanilang sensitive information kasama na ang kanilang financial data,” said GSIS President Wick Veloso. Also covered by the Data Sharing Agreement are other pipeline projects utilizing LANDBANK’s digital banking products for GSIS-related transactions, including the integration of LANDBANK to GSIS Touch – the official mobile application of GSIS. LANDBANK and GSIS are also working together to accommodate online payments for rent and other fees under the GSIS Ginhawa For All Lease with Option to Buy (GFAL LWOB) Program through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility.
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READ MORELANDBANK Vice President Esperanza N. Martinez (4th from left) joins fellow financial institution leaders in support of the country’s local businesses during the National MSME Summit 2023 in Manila. In celebration of the National Micro, Small and Medium Enterprise (MSME) Week, the Land Bank of the Philippines (LANDBANK) reaffirms its full support to the MSME sector through the provision of accessible and affordable financing. As of end-June 2023, the state-run Bank saw its outstanding loans to MSMEs reach P49.5 billion benefitting over 6,100 borrowers in support of business expansion and acquisition of fixed assets, among others. “LANDBANK recognizes the crucial role of MSMEs in advancing economic development and job generation. We will continue to work with various government partners to grow our loan portfolio for the sector and open more opportunities for our local entrepreneurs,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK Vice President Esperanza N. Martinez discussed the Bank’s efforts to provide MSMEs wider access to responsive financing at the National MSME Summit 2023 organized by the MSME Development Council on 18 July 2023. On top of its regular loan facilities, LANDBANK has been offering special lending programs dedicated to the needs of MSMEs and aspiring entrepreneurs. Under the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK provides credit and loan restructuring assistance to MSMEs severely affected by the COVID-19 pandemic under more flexible terms and conditions. The Bank launched the I-RESCUE Lending Program at the onset of the pandemic in 2020 and has raised to P60 billion the available loanable fund to accommodate more borrowers. The program is available until the end of the year. LANDBANK also extends financial assistance to women-owned or -led MSMEs by financing working capital, construction or renovation of buildings and facilities related to business operations, as well as purchase orders from the borrower’s clients. Overseas Filipino workers (OFWs) are also supported to pursue business opportunities, with LANDBANK partnering with the Overseas Workers Welfare Administration (OWWA) in offering loanable funds for working capital or acquisition of fixed assets, among others. The Bank is likewise financing new and existing franchisees for new business ventures or expansion of existing businesses, covering funding for working capital, fixed asset acquisition, and capital expenditures. In partnership with the Department of Science and Technology's Technology Application and Promotion Institute (DOST-TAPI), LANDBANK also offers credit assistance for Filipino inventors, MSMEs and large enterprises to help commercialize their new and innovative technologies. Interested borrowers may contact the nearest 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.
READ MORESpouses Leonilo and Bella Basister from Mayorga, Leyte grew their palay trading business with support from LANDBANK, now running two rice mills that produce more than 100,000 sacks of milled rice per year. MAYORGA, Leyte – As someone who was not able to pursue higher education due to financial constraints, Leonilo “Kiloy” Basister only had limited opportunities to make ends meet, especially after getting married at the young age of 21. With a seed money of only P270, Kiloy initially ventured into selling fish and live piglets in the market, while taking side jobs in between. He also borrowed resources from relatives and friends to expand his capital. After years of hard work, he and his wife, Bella, earned enough to start the L.K. Basister Rice and Palay Trading in 1998, with Kiloy supervising the overall operations and his wife handling all financial aspects of the business. From buying and selling only about 17 sacks of palay, the couple saw their business expanding year after year, until they were challenged to look for local rice mill operators that can accommodate their growing stocks. This pushed them to establish their own rice mill in 2010 that can process up to 30,000 sacks per year. Kiloy and Bella have been managing the L.K. Basister Rice and Palay Trading over the years, with the former supervising the overall operations and the latter handling the financial side of the business. The big break for their business came in 2012 when Kiloy and Bella secured a P3-million credit line from the Land Bank of the Philippines (LANDBANK). With a bigger working capital, the couple was able to buy more palay from local farmers in Mayorga and neighboring towns, providing a sure market for their produce. “Malaking tulong talaga ang LANDBANK sa paglago ng aming business at kung nasaan kami ngayon. Nagkaroon kami ng mas malaking pondo na nagagamit para makabili ng palay na gigilingin namin sa buong taon. Dahil dito ay patuloy na tumaas ang aming kita at talagang nakaahon kami sa hirap,” Kiloy shared. Through the Bank’s constant support over the years, the L.K. Basister Rice and Palay Trading has now grown into a multi-million enterprise, producing more than 100,000 sacks of milled rice per year. And as their profits steadily increased, the couple’s credit line with LANDBANK likewise expanded to P100 million due to their good credit standing. Kiloy and Bella are currently running two rice mills with whitener and mist polisher, complemented by two warehouses and 14 mechanical dryers. They also have 14 delivery equipment for logistics support, and an outlet in Tacloban City to facilitate the disposal of the milled rice. Aside from contributing to the town’s food security, the business has been providing employment opportunities to 70 local residents involved in drying, milling, hauling, sacking and delivery of products. An additional workforce is also employed during harvest season when there is an expected higher volume of production. The couple’s business also provides employment opportunities for about 70 local residents involved in drying, milling, hauling, sacking and delivery of the milled rice. More than anything else, Kiloy and Bella now enjoy a comfortable life with their six children. They are able to send their kids to school, with four of them already graduated from college and are now helping in running the family business. Despite all their success, the couple is not taking it easy, as they continue to manage their business with the same persistence as when they were starting. They have also expanded and diversified into other fields such as poultry farming. It was indeed a long journey for Kiloy and Bella, and they remain thankful to LANDBANK for pushing them to their limits as entrepreneurs. “Ang masasabi ko sa mga gustong mag negosyo ay magtiyaga lang kayo. Mangutang kung kailangan basta marunong magbayad at alam ninyo kung saan ito gagamitin,” Kiloy said. LANDBANK has been extending financial support to micro, small and medium enterprises (MSMEs), as part of its commitment to assist key economic sectors in building stronger and more inclusive local communities. As of end-June 2023, the Bank’s outstanding loans to the MSME sector reached P49.5 billion for the benefit of over 6,100 borrowers nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) raked in a net income of P20.9 billion in the first six months of the year, exceeding its first-half target by 19% or P3.3 billion. The six-month income translates to 2.7% year-on-year growth from P20.3 billion and represents almost 60% of the Bank’s P35 billion full-year target. “We are very much on track in meeting our financial targets for the year, as income from loans and investments continue to expand. LANDBANK is in prime position to sustain our intensified support to the agriculture sector and other key industries,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank’s net income growth in the first semester is attributed to earnings from loans and investments, which increased by 49.8% and 43.5%, respectively. LANDBANK also solidified its industry footing with total assets reaching P3 trillion or 7.9% higher than P2.8 trillion in the same period a year ago. The increase in assets was driven by deposits amounting to P2.7 trillion which expanded by 9.2% year-on-year. The Bank likewise booked double-digit growth in capital at 14.4% to P236.3 billion from P206.5 billion. LANDBANK’s return on equity remains at a healthy level of 13.82%. LANDBANK consistently ranks among the top universal banks in the country in terms of assets, deposits, loans, and capital. Global credit ratings agency Fitch Ratings, Inc. recently upgraded the Bank’s outlook to “stable” and affirmed its Long-Term Issuer Default Ratings (IDRs) at 'BBB'. LANDBANK will celebrate its 60th anniversary on 08 August 2023, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MOREVictorias Commercial Center store owner Juliet de la Torre is now accepting payments via Quick Response (QR) code powered by LANDBANK. VICTORIAS CITY, Negros Occidental – In line with advancing the shift towards cashless transactions, the Land Bank of the Philippines (LANDBANK) is helping store owners in Victorias Commercial Center to embrace the use of digital payments. Juliet de la Torre is among the local vendors with a LANDBANK account who has adopted the use of Quick Response (QR) technology to accept payments, since the recent PalengQR Ph Plus rollout at the Victorias City Commercial Center and Public Market. Initially hesitant due to her heavy dependence on cash, Juliet has now experienced the convenience and benefits of using digital payments to better consolidate and account for her income, especially with the multiple stores that she manages. "I was apprehensive at first, but using digital payments has made the accounting for my business easier. It's convenient, especially since I operate multiple stores. I can also consolidate my income seamlessly, while helping me to avoid getting scammed for accepting counterfeit bills," shared Juliet. The Paleng-QR Ph launch in this City was spearheaded by the City Government of Victorias, which plans to onboard over 500 market vendors and nearly 2,000 tricycle drivers onto the program by the end of the year. “With our commitment to providing a quality life to all Victoriahanons, the Paleng-QR program doesn't only promise convenient payment transactions but also a safe and reliable digital ecosystem for our community and economic resilience," said Victorias City Mayor Javier Miguel L. Benitez. Digital payments for inclusive growth The Paleng-QR Ph Plus program is led 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 supports the digitalization drive of the BSP and DILG in further strengthening local economic activities. Leveraging on digital payments allows for greater financial freedom and equal opportunity for all," said LANDBANK President and CEO Lynette V. Ortiz. Since its inception in August 2022, the Bank has actively joined the Paleng-QR Ph Plus program rollouts and facilitated the on-the-spot opening of LANDBANK accounts for market vendors, customers, and local public transport drivers nationwide. LANDBANK aims to assist more Filipinos like Juliet and other public market vendors to adopt the use of digital payments towards building a more inclusive, cashless society.
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 Tue, June 17, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.566897 |
| Money Market Fund | 1.318109 |
| Money Market Plus Fund | 1.230559 |
| PERA Money Market Fund | 1.027876 |
| Medium-Term Bond Fund | 2.481443 |
| Bond Fund | 2.027203 |
| PERA Bond Fund | 1.200271 |
| Balanced Fund | 2.67519 |
| Growth Fund | 2.615588 |
| Alpha Equity Fund | 3.096752 |
| Blue Chip Equity Fund | 0.976566 |
| Equity Fund | 0.816152 |
| High Dividend Equity Fund | 1.019844 |
| US$ Money Market Fund | 1.437985 |
| Global $ Fund | 1.536712 |
