Victorias 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 MOREState-run Land Bank of the Philippines (LANDBANK) is marking 60 years of public service with plans to further expand its physical presence in unbanked and underserved communities, while enhancing its digital services to consistently deliver a seamless and exceptional customer experience. LANDBANK President and CEO Lynette V. Ortiz said that the Bank will continue to support the National Government’s development agenda by improving access to reliable, relevant, and convenient financial services. “We are adopting a phygital strategy to cater to our customer’s evolving preferences and demands, with increased investments in expanding our physical touchpoints and beefing-up our digital offerings. LANDBANK is ready to reach and serve a wider customer base, as we continue to bring more Filipinos into the financial mainstream,” said LANDBANK President Ortiz. The only bank operating in all 82 provinces of the country, LANDBANK eyes to establish physical touchpoints in all 1,634 cities and municipalities nationwide to bring banking services closer to Filipinos. As of 30 June 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,951 automated teller machines (ATMs), 226 cash deposit machines (CDMs), and 1,785 Agent Banking Partner POS cash-out terminals. LANDBANK is currently present in 85.4% or 1,396 cities and municipalities in the country, including the previously unbanked towns of Sallapadan in Abra, Barlig in Mountain Province, Tamparan in Lanao del Sur, Anahawan in Southern Leyte, and Kinoguitan in Misamis Oriental. In support of the Government’s digitalization push, LANDBANK is also looking to onboard all government offices in its digital platforms to increase operational efficiency, improve the ease of doing business, and enhance meaningful public service delivery. From January to June 2023, the Bank has onboarded a total of 180 government entities to its Link.BizPortal payment platform, and facilitated across all its digital channels a total of 96.5 million transactions valued at P3.9 trillion. LANDBANK is also working closely with the Philippine Statistics Authority (PSA) in providing unbanked Philippine Identification System (PhilSys) registrants with their own transaction accounts with no initial deposit. As of June 2023, the Bank has already onboarded 8.35 million unbanked Filipinos to the formal banking system, allowing for convenient fund management and access to financial transactions such as cash withdrawals, fund transfers, and online bills payments. LANDBANK has likewise taken significant steps to make digital banking more affordable, which includes recently reducing the transaction fees for online fund transfers to other banks through InstaPay, from P25 to P15. The Bank has also doubled the total daily amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, subject to a maximum amount of P50,000.00 per transaction. LANDBANK, which was established on 8 August 1963 through Republic Act No. 3844 or the Agricultural Land Reform Code, will celebrate its 60th anniversary on 08 August 2023, representing six decades of uplifting lives, empowering communities, and serving the nation — towards building an inclusive and sustainable economy.
READ MOREIn fulfillment of its social mandate of promoting countryside development, the Land Bank of the Philippines (LANDBANK) posted a total of P713.8 billion in outstanding loans directed to agriculture and rural development as of 30 June 2023. The P713.8 billion represents 69% of LANDBANK's total loan portfolio of P1.04 trillion, which is close to three times the 25% requirement for local banks to allocate financing for agriculture, fisheries and rural development (AFRD) under Republic Act No. 11901 or “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” Under the new law, AFRD financing is defined as loans and investments to finance activities that shall enhance productivity and increase income of an agricultural and fisheries household, thereby promoting productivity and competitiveness in the agricultural sector, as well as sustainable development of rural communities. "LANDBANK remains steadfast in fulfilling its primary development mandate to advance the country’s agricultural sector. With a holistic approach covering all players in the value chain, we will continue to extend accessible and responsive financing to ramp-up agriculture modernization and productivity, paving the way for more resilient local communities," said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK’s computation follows the new AFRD law and its implementing rules and regulations (IRR) recently issued by the Bangko Sentral ng Pilipinas (BSP). Of the P713.8 billion in outstanding loans, LANDBANK dedicated P107.8 billion to agriculture and fisheries production, which includes funding for the processing of fisheries and agri-based products and farm inputs. To help fast-track agri modernization, the Bank channeled P70.4 billion for the digitalization and automation of farming, fishery, and agri-business activities and processes, including related financial and management information systems. LANDBANK also provided P78.5 million for agri-tourism projects, which involve attracting visitors and tourists to farm areas for production, educational and recreational purposes. A significant portion of the AFRD loans totaling P244.1 billion ramped-up public rural infrastructure development, covering highways, streets, bridges, transport systems, irrigation, public markets, slaughterhouses, warehouses, solid waste management, flood control, drainage, and other essential infrastructure and development projects. Meanwhile, another P167 billion backed sustainable projects that provide lasting benefit for both clients and society while reducing pressures on the environment. This also covers green finance which funds climate change mitigation and adaptation projects, among others. The rest of the LANDBANK AFRD financing supported farm and fishery entrepreneurial activities; agricultural mechanization; agricultural and fishery commodities; essential facilities, equipment and machineries; capacity-building activities; and projects that promote the health and wellness of farmers, fishers and Agrarian Reform Beneficiaries (ARBs), including members of their households. As the country's premier financial institution dedicated to agricultural and rural development, LANDBANK will be celebrating on 8 August 2023 its 60th anniversary of serving the nation.
READ MORE(seated) Zamboanga City Mayor John M. Dalipe (2nd from right) and LANDBANK Vice President Lina K. Pacio (3rd from right) lead the signing of a Memorandum of Agreement (MOA) to formalize a partnership with the city government to utilize the LANDBANK Link.BizPortal for the online collection of local government fees, dues and charges. ZAMBOANGA CITY – The City Government of Zamboanga has tapped anew the services of the Land Bank of the Philippines (LANDBANK) to accelerate its shift towards digitalizing local government transactions. Through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility, residents of Zamboanga City’s 98 barangays now have an online payment option to settle fees, dues and charges to the LGU, which includes real property taxes and business permits. “LANDBANK is accelerating the digitalization of public services nationwide through our secure and reliable digital banking products. We are working closely with local government partners, such as Zamboanga City, to deliver more efficient and convenient services,” said LANDBANK President and CEO Lynette V. Ortiz. The Zamboanga City LGU welcomes the shift from solely accepting physical payments for local fees such as cash and cheques, to the adoption of a digital payment scheme for the convenience of the city’s residents. “LANDBANK helps us move faster towards digitalization, ensuring transparency, accountability, and a more efficient delivery of services to our people,” said Zamboanga City Mayor John M. Dalipe. Mayor Dalipe and LANDBANK Vice President Lina K. Pacio led the signing of the Memorandum of Agreement (MOA) to formalize the partnership on 18 July 2023 at the Zamboanga City Hall. They were joined by City Legal Officer Atty. Haydee Panganiban and LANDBANK Zamboanga (Main) Branch Head Assistant Vice President Laneli F. Elum, along with other LANDBANK officers. Prior to this new partnership, LANDBANK has been servicing the various banking needs of the Zamboanga City LGU through its digital banking products and services. This includes the online remittance of the LGU’s taxes via the LANDBANK Electronic Tax Payment System (eTPS), and the facilitation of fund transfer and bills payment via the LANDBANK weAccess, the Bank’s internet banking facility for institutional clients. In support of the National Government’s push for digitalizing local government transactions, LANDBANK has already onboarded 449 LGUs as partner merchants to the Link.BizPortal as of end-June 2023. For the first six months of 2023, the Bank’s online payment facility has facilitated a total of 4 million transactions with value amounting to P6 billion.
READ MORE(left photo) Belison Mayor Christopher H. Piccio (3rd from right) and Vice Mayor Reynaldo E. Jacaba (4th from right) lead the official opening of the new Belison Public Market (right photo) for local vendors and residents. They were joined by LANDBANK Senior Vice President Delma O. Bandiola (2nd from right) and Antique Lending Center Head Engr. Roy C. Gonzaga (rightmost), with other local officials. BELISON, Antique – In support of the economic recovery of local communities from the pandemic, the Land Bank of the Philippines (LANDBANK) recently joined the inauguration of the newly-opened Belison Public Market in this 5th class municipality, which is expected to help boost the town’s local economy. LANDBANK provided an P80 million loan for the infrastructure project dubbed as the “Modern Agora,” designed to be the first public market to look like a mall in the Province of Antique, with 124 stalls for meat, fish, vegetable, fruits, dry goods, and grocery produce. The market is also expected to open new economic opportunities to more than 6,000 farmers in Belison and its neighboring municipalities of Patnongon and Sibalom. “We are proud to support the Municipality of Belison in establishing a hub for local economic development. LANDBANK likewise remains committed to helping farmers and fishers by putting up markets for their produce,” said LANDBANK President and CEO Lynette V. Ortiz. Belison Mayor Christopher H. Piccio and Vice Mayor Reynaldo E. Jacaba recently led the official opening of the Belison Public Market for vendors and residents, together with LANDBANK Senior Vice President Delma O. Bandiola and Antique Lending Center Head Engr. Roy C. Gonzaga, alongside members of the Sangguniang Bayan and other local officials. “We are grateful for LANDBANK’s assistance to us. Despite the fact that we are among the smallest municipalities in terms of area, population, and share of National Tax Allotment, we were able to access a loan with LANDBANK to improve our town,” said Belison Mayor Piccio. He added that the LGU plans to further tap the services of LANDBANK for the Phase II development of the public market. LANDBANK financed the public market under the RISE UP (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program, designed to help ensure the resilient and sustainable recovery of local economies from the pandemic. The Bank has approved loans under the Program totaling P114.7 billion for 412 LGUs as of 30 June 2023. Provincial, city and municipal governments may borrow from LANDBANK to finance their development and innovative projects geared towards rebuilding their communities and local economies. LANDBANK likewise remains the biggest development partner of the LGU sector, with a total of P97.5 billion in outstanding loans extended to LGUs nationwide as of end-June 2023. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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READ MORETurning challenges into opportunities. Amid the African Swine Fever outbreak, Jerome Trofeo successfully expanded his meat shop business into a commercial swine farm through a P24-million loan from LANDBANK, and has helped strengthen local swine production to meet the demand for pork in the country. LIPA, Batangas – Spouses Jerome and Anna Trofeo were having trouble sourcing healthy hogs to meet their customers’ requirements two years ago, with the African Swine Fever significantly affecting hog growers nationwide. Determined to keep their “Annie & Jerome Trofeo” meat stall running, Anna decided to expand their business and establish their own commercial swine farm. The couple turned to the Land Bank of the Philippines (LANDBANK) for financial assistance to make the business pivot that actually paid off. “Nagkaroon ng time noon na hindi sapat ang supply ng baboy para matugunan ang orders ng aming customers. Kaya nag-desisyon kami na magtayo ng sarili naming piggery,” said Jerome. LANDBANK approved a P24-million loan line to finance the requirements of their start-up commercial swine farm, AJ Piggery Farm, under the Bank’s SWINE (Special Window and Interim Support to Nurture Hog Enterprises) Lending Program. Of the total amount, P20 million financed the construction of three piggery buildings to separately house nursery, farrowing and gestation pens, as well as support facilities that include an office and staff quarters. The loan also covered the construction of a manure lagoon and waste water treatment facility to minimize the environmental impact of the farm, while the remaining P4 million financed the acquisition of young female hogs for breeding. The AJ Piggery Farm produces healthy hogs for the ‘Annie & Jerome Trofeo’ meat stall in Lipa City Public Market, which caters to the pork requirements of meat retailers and two local supermarkets. With the opening of AJ Piggery Farm, the couple’s meat stall is able sell around 900 kilograms of pork per day to accommodate the demand of meat retailers. The stall is also able to supply around 1,650 kilograms of pork per week to two (2) local supermarkets in Laguna and Batangas, thereby increasing the meat shop’s income to around P500,000.00 to P600,000.00 per month from the previous P300,000.00. “Sa tulong ng LANDBANK, talagang lumago ang aming negosyo. Mula sa pagkakaroon ng isang stall sa palengke ay nagkaroon na rin kami ng sarili naming pig farm. Malaki ang aming pasasalamat sa kanila,” said Jerome. Supporting the local swine industry In support of the National Government’s efforts to re-populate and increase hog production, LANDBANK has approved a total of P8.05 billion in loans to 36 borrowers under the SWINE Lending Program as of end-June 2023. The loans financed projects for swine production, including the purchase of hogs and feeds, construction and expansion of facilities such as piggery buildings, and working capital, among others. Commercial hog raisers registered as cooperatives or farmers’ associations, small and medium enterprises (SMEs), and large enterprises or corporations may borrow up to 80% of the total project. Start-up commercial swine farms may likewise avail of loans under the SWINE Lending Program. Loans for working capital and permanent working capital are payable up to one year and five years, respectively, while loans for fixed assets and construction of facilities are payable based on project cash flow but not more than its economic useful life. LANDBANK launched the SWINE Lending Program in partnership with the Department of the Agriculture, designed to provide timely financial assistance to hog raisers towards sustaining and increasing pork production.
READ MORECHEERS TO 60 YEARS OF SERVICE: LANDBANK President and CEO Lynette V. Ortiz leads a celebratory toast alongside industry regulators, business leaders, development partners, and outstanding clients in commemoration of LANDBANK’s diamond jubilee on 08 August 2023. To mark six decades of meaningful public service, the Land Bank of the Philippines (LANDBANK) honored outstanding clients and partners who have become its strong allies in promoting countryside and national development during an appreciation event on 08 August 2023 in Pasay City. The 60-year-old state-run Bank conferred the prestigious Distinguished Initiators and Movers of National Development (DIAMOND) Awards to exceptional loan clients, and fund management and digital banking partners from across the country. “May these awards inspire you to dream bigger and achieve more, while serving as a testament to our solid partnership, and to our unified resolve to continue making a lasting impact to the sectors and people we serve,” said LANDBANK President and CEO Lynette V. Ortiz. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno likewise expressed appreciation to the DIAMOND awardees for their contributions in accelerating the post-pandemic recovery of the Philippine economy. “As chairman of this Bank, I assure you that we will continue to be a reliable partner in your development journey as we build a more resilient, inclusive, and sustainable economy where no one is left behind,” said Finance Secretary Diokno. (left photo) LANDBANK President and CEO Lynette V. Ortiz extends her appreciation to clients and partners for their trust and support for the Bank over the past 60 years. (right photo) Finance Secretary and LANDBANK Chairman Benjamin E. Diokno congratulates the DIAMOND awardees and assures all stakeholders of the Bank’s continued support towards building a more resilient, inclusive, and sustainable economy. Executive Secretary Lucas P. Bersamin joined Finance Secretary Diokno and LANDBANK President Ortiz in presenting the DIAMOND Awards to clients. Department of Agrarian Reform (DAR) Secretary Conrado M. Estrella III, Department of Labor and Employment (DOLE) Secretary Bienvenido E. Laguesma, and Department of Agriculture (DA) Senior Undersecretary Domingo F. Panganiban also graced the event. LANDBANK bestowed the DIAMOND Awards to outstanding loan clients nationwide who have trusted the Bank for the growth and development of their business operations, and have made ripples of positive change in their respective communities. Awardees include the Lamac Multi-Purpose Cooperative as the Outstanding Agri-based Cooperative; ACDI Multipurpose Cooperative as the Outstanding Non-Agri-based Cooperative; Dolefil Agrarian Reform Beneficiaries Cooperative and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) as the Outstanding Agrarian Reform Beneficiaries’ Cooperatives; and Biotech Farms, Inc. as the Outstanding Partner in Agribusiness. Other LANDBANK outstanding loan clients include the Green Innovations for Tomorrow Corporation as the Outstanding Partner in Renewable Energy; Leyte Metropolitan Water District as the Outstanding Partner in Water Development and Distribution; Fiesta Communities Incorporated as the Outstanding Partner in Socialized Housing Development; Allah Valley Medical Specialists’ Center, Inc. as the Outstanding Partner in Health Services; Juan Sumulong Memorial Schools Systems Inc. as the Outstanding Partner in Learning and Development; spouses Marcelina and Salvador Cabaero as the Outstanding Agri-based SME; and Mr. Porfirio P. Mina as the Outstanding Non-Agri-based SME. LANDBANK also recognized outstanding partners in fund management who have extended resolute confidence in the Bank and remained loyal clients over the years. Recipients of the LANDBANK DIAMOND Awards under fund management include the Bureau of the Treasury; San Miguel Group of Companies; OceanaGold (Philippines) Inc.; Peninsula Electric Cooperative, Inc.; WCS Construction Inc.; JM Maligaya Group of Companies; Metro Retail Stores Group Inc.; ECJ Negros Farms ARB Cooperative; and Ulticon Builders, Inc. The DIAMOND Awards were also conferred to LANDBANK’s outstanding digital banking clients and partners who have helped advance digitalization and financial inclusion by leveraging on the Bank’s innovative products and services. Awardees comprise of the Department of Education as Top in eMDS and weAccess Utilization; the Philippine National Police as Top in Link.BizPortal Utilization; Mastercard Transaction Services (Philippines) Inc. as Top Remittance Partner through LBRS (Local); and the Rural Bank of Sipocot (Camarines Sur), Inc. as the Top Agent Banking Partner. (left photo) Lamac Multi-Purpose Cooperative General Manager Elena C. Limocon delivers a message of appreciation to LANDBANK on behalf of all the DIAMOND awardees. (right photo) Executive Secretary Lucas P. Bersamin (rightmost), Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (2nd from right), and LANDBANK President and CEO Lynette V. Ortiz (leftmost) confer the DIAMOND Award to Lamac Multi-Purpose Cooperative. Lamac Multi-Purpose Cooperative General Manager Elena C. Limocon delivered a special message on behalf of all the DIAMOND awardees and thanked LANDBANK for its unwavering support to clients. “Our deepest gratitude to LANDBANK for the trust and support showed to us throughout our institutional journey. This award serves as a reminder that through collaboration, convergence, perseverance and a strong sense of purpose, we can truly make a difference in the lives of our people,” said General Manager Limocon. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MORELANDBANK distributed cash cards loaded with financial assistance to over 700 beneficiaries of the DSWD at the Cuneta Astrodome in Pasay City. PASAY CITY – Over 700 senior citizens from this city received financial aid from the National Government through cash cards distributed by the Land Bank of the Philippines (LANDBANK) on 29 July 2023 at the Cuneta Astrodome. Beneficiaries of the Department of Social Welfare and Development’s (DSWD) Social Pension Program under the Unconditional Cash Transfer (UCT) Program each received P3,600.00 worth of cash assistance credited to their LANDBANK Cash Cards. Pensioners who are also beneficiaries of DSWD’s Targeted Cash Transfer (TCT) Program received an additional P2,000.00 each, for a total of P5,600.00 worth of cash assistance. “In partnership with DSWD, LANDBANK continues to ramp up the disbursement of cash aid to vulnerable sectors. We will ensure the efficient and timely distribution of financial assistance in support of the Government’s inclusive development agenda,” said LANDBANK President and CEO Lynette V. Ortiz. Beneficiaries can conveniently withdraw their “ayuda” from any of the 2,951 LANDBANK ATMs and 2,632 ATMs of 7-Eleven convenience stores in selected areas in the country. Social pensioners can likewise use their LANDBANK Cash Cards to make cashless purchases via Point-of-Sale (POS) terminals in participating stores, such as drugstores and groceries, as well as transact with the Bank’s Agent Banking Partners (ABPs) located in remote areas. As the main distribution arm of financial assistance of the National Government, LANDBANK has disbursed a total of P35.4 billion worth of cash grants to DSWD beneficiaries for the first half of the year. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy
READ MOREAs of Wed, April 30, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.65 | 56.2 |
| JPY | 0.385778 | 0.401043 |
| EUR | 62.490666 | 64.971977 |
| GBP | 73.573295 | 76.494663 |
| HKD | 7.146032 | 7.685968 |
As of Tue, April 29, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558207 |
| Money Market Fund | 1.311334 |
| Money Market Plus Fund | 1.223712 |
| PERA Money Market Fund | 1.024099 |
| Medium-Term Bond Fund | 2.472408 |
| Bond Fund | 2.025804 |
| PERA Bond Fund | 1.201165 |
| Balanced Fund | 2.608032 |
| Growth Fund | 2.586644 |
| Alpha Equity Fund | 3.002682 |
| Blue Chip Equity Fund | 0.964111 |
| Equity Fund | 0.784247 |
| High Dividend Equity Fund | 1.009083 |
| US$ Money Market Fund | 1.432428 |
| Global $ Fund | 1.529753 |
