The Land Bank of the Philippines (LANDBANK) was recognized by Kantar Philippines as one of the 2023 Best Philippine Brands under the “Banking” category for providing convenient, accessible and innovative banking services to unbanked and underserved Filipinos nationwide. Kantar conferred the award to LANDBANK for its strong brand of service, decades of empowering the underserved, and for advancing financial inclusion in the country through the accessibility of its integrated physical and digital banking services. The market research firm also highlighted the Bank’s efficient delivery of cash grants to beneficiaries of the National Government’s social amelioration programs, particularly the digital disbursement of financial assistance under the Conditional Cash Transfer (CCT) Program. “This recognition is a testament to LANDBANK’s unwavering pursuit to reach and serve more Filipinos nationwide. We are continuously working towards the strategic expansion of our physical touchpoints and the enhancement of our digital channels to deliver exceptional and accessible banking service,” said LANDBANK President and CEO Lynette V. Ortiz. In support of the National Government’s financial inclusion drive, LANDBANK has also onboarded 8.35 million Philippine Identification System (PhilSys) registrants for their own transaction accounts, under the Bank’s co-location strategy with the Philippine Statistics Authority (PSA). The partnership aims to bank previously unbanked PhilSys registrants and grant them formal access to basic banking and other financial services. LANDBANK likewise has 1,111 agent banking partners (ABP) nationwide that offer services such as cash out, cash in, fund transfer, bills payment, and opening and issuance of LANDBANK Agent Banking Cards in unbanked and underserved communities. The Bank is also offering individuals who have no capacity to open a regular deposit savings account to open a LANDBANK “Perang Inimpok Savings Option” or PISO account with only P1.00 as minimum initial deposit and up to a maximum of P50,000 account balance. LANDBANK has opened 52,406 PISO accounts for unbanked and underserved Filipinos including students, public utility vehicle drivers, vendors, farmers, and fishers, as of end-August 2023. Kantar BrandZ Philippine Report LANDBANK was recognized for its strong brand image in the Kantar BrandZ Philippine Report, which was based on a comprehensive survey conducted in 2022 covering 44 local brands across four categories – banks, communication providers, general retailers and beverages. Kantar is a global marketing and data analytics company that specializes in analyzing, understanding, and interpreting consumer behavior and trends. The 2023 Philippines Brand Awards is the first edition held by Kantar Philippines in the country to honor the top brands that bring value to the lives of Filipino consumers.
READ MOREThis certificate of compliance is presented to to the Land Bank of the Philippines for being fully-compliant with the set of Freedom of Information (FOI) requirements as validated by the Presidential Communications Office, pursuant to Section 5.0 of Memorandum Circular No. 2022-1, issued by the Inter-Agency Task Force on the Harmonization of National Government Performance Monitoring Information and Reporting Systems (Task Force Administrative Order 25, s. 2011).
READ MOREPolillo Mayor Angelique E. Bosque (2nd from right) are joined by LANDBANK officials EVP Liduvino S. Geron (3rd from right), SVP Althon C. Ferolino (4th from right), Infanta Branch Head Leonylyn N. Magbuhat (leftmost), and Real Branch Head Elizabeth L. Jalotjot (rightmost) in successfully opening the new LANDBANK offsite ATM in Pollilo, Quezon. POLILLO, Quezon – The Land Bank of the Philippines (LANDBANK) recently inaugurated the very first offsite Automated Teller Machine (ATM) in this municipality towards advancing greater financial inclusion. The new LANDBANK ATM is set to service the cash requirements of government employees and other ATM card holders, including the beneficiaries of the Department of Social Welfare and Development (DSWD), and eliminate the public’s need to travel to the municipality of Real to withdraw cash. The inauguration ceremony was led by Municipal Mayor Angelique E. Bosque alongside LANDBANK officials, including Executive Vice President Ludivino S. Geron, Senior Vice President Althon C. Ferolino, Assistant Vice President Ramil P. Remillano, Real Branch Head Elizabeth L. Jalotjot, and Infanta Branch Head Leonylyn N. Magbuhat on 21 September 2023 at the Polillo Municipal Building. “We continue to expand LANDBANK’s physical network nationwide with a greater focus on servicing underserved and unbanked communities. We have the full support of local partners to install touchpoints and provide accessible and responsive banking services,” said LANDBANK President and CEO Lynette V. Ortiz. As of 30 June 2023, Polillo is listed by the Bangko Sentral ng Pilipinas (BSP) as one of the unbanked municipalities in the Philippines. "We are truly grateful to LANDBANK for making our long-standing dream a reality. This ATM signifies the continues growth of the Municipality of Polillo, and will bring much-needed convenience to our government employees and all ATM cardholders in our town," said Mayor Bosque. The new LANDBANK ATM is also poised to stimulate tourism activities on Polillo Island, guaranteeing visitors access to convenient cash withdrawal services to further enhance the island's appeal as a prime tourist destination. LANDBANK is celebrating its 60th anniversary with a steadfast commitment to provide essential banking services nationwide, extending its reach to the most remote and underserved corners of the country.
READ MOREThe Land Bank of the Philippines (LANDBANK) remains strong, adequately capitalized, and compliant with regulatory requirements of the Bangko Sentral and Pilipinas (BSP). As of June 2023, the Bank’s total assets reached P3 trillion or 7.9% higher than P2.8 trillion in the same period a year ago, while net income stood at P20.9 billion from loans and investments earnings, exceeding its first-half target by 19% or P3.3 billion. The Bank also booked double-digit capital growth at 14.4% to P236.3 billion from P206.5 billion in 2022. Meanwhile, outstanding loans to agriculture and rural development was at P713.8 billion, representing 69% of its total loan portfolio of P1.04 trillion, almost 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.” As of June 2023, LANDBANK’s Capital Adequacy Ratio (CAR) remains at a very healthy level of 16.61%, well above the 10% minimum requirement of the BSP, while our Common Equity Tier 1 (CET 1) ratio stands at 15.73%, also compliant with the 10.25% CET 1 requirement. The BSP tracks the Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET 1) ratio of banks to ensure that they are capable of absorbing a reasonable amount of financial risks and still comply with statutory capital levels. Both capital ratios are essential as it indicates a bank’s financial strength and how well it can weather financial challenges. A higher CAR means a bank is more financially stable and secure. Even with the Bank’s P50 billion seed capital to the MIC as mandated by Republic Act No. 11954, otherwise known as the Maharlika Investment Fund Act of 2023, the Bank will meet its CAR requirements.
READ MOREApply for LANDBANK's HOME Loan Program and enjoy interest rates as low as 6.00% The Promotion is open to all prospective availers of LANDBANK's Housing Opportunities Made Easy (HOME) Loan Program. Existing housing loan borrowers are also eligible for re-availment with the promotional rates provided that existing housing loans are in current status and have no history of past due. Click here for the terms and conditions.
READ MOREThe Land Bank of the Philippines (LANDBANK) posted a net income of P31.85 billion in the first nine months of the year, which is the highest ever for the Bank since it first breached the P30 billion mark at the end of 2022. The P31.85 billion profit is a significant 24% expansion from P25.7 billion in 2022. It also exceeds the state-run Bank’s target of P26.3 billion for the first three quarters by P5.6 billion, and represents 90.9% of the P35 billion full-year target for 2023. “The unprecedented income was driven by the aggressive expansion of our developmental loan portfolio, coupled with robust yields from loans and investments. We have likewise been prudent and disciplined with managing our expenses to maximize gains. We will ensure that our solid balance sheet continues to translate to substantial and meaningful support to the sectors we serve,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank generated P91.15 billion interest income from loans and investments, 35.9% higher than last year. LANDBANK’s total assets also booked double-digit growth of 11.5% to P3.1 trillion from P2.8 trillion. The increase was propelled by the 12.8% year-on-year expansion of deposits to P2.7 trillion. Meanwhile, the Bank’s capital likewise rose substantially by 21.9% to P249.2 billion from P204.4 billion in 2022, already exceeding the full-year target of P243.8 billion for 2023. LANDBANK’s financial ratios remain at healthy levels, with Capital Adequacy Ratio (CAR) at 16.15% and Common Equity Tier 1 (CET 1) at 15.30%, both well above the minimum requirements of the Bangko Sentral ng Pilipinas (BSP). Return on Equity stood at 15.97%, significantly higher than industry at 13.0% as of June 2023. LANDBANK ranks among the top universal banks in the country, coming in second in assets and deposits, and fourth in loans and capital as of the first semester of 2023.
READ MOREPCO Secretary Atty. Cheloy Velicaria-Garafil, MNSA (2nd from left) and LANDBANK Senior Vice President Marilou L. Villafranca (3rd from left) lead the signing of a Memorandum of Agreement for the Government Purchase Card (GPC) Program on 11 October 2023, at the Palacio de Maynila in Malate, Manila. They were joined by PCO Undersecretary Cherbett Karen L. Maralit (leftmost) and LANDBANK First Vice President Cielito H. Lunaria (rightmost). Towards advancing efficient, transparent, and swift government procurement, the Presidential Communications Office (PCO) has partnered with the Land Bank of the Philippines (LANDBANK) for the use of the Government Purchase Card (GPC) to pay for official goods and services. The GPC is similar to a credit card in function, designed to shorten and simplify the requisition process for government agencies and offices, as well as streamline the disbursement of payments to suppliers. PCO Secretary Atty. Cheloy Velicaria-Garafil, MNSA, and LANDBANK Senior Vice President Marilou L. Villafranca led the signing of the Memorandum of Agreement (MOA) on 11 October 2023 at the Palacio de Maynila in Malate, Manila. They were joined by PCO Undersecretary Cherbett Karen L. Maralit and LANDBANK First Vice President Cielito H. Lunaria. “Our overarching goal for the GPC Program is to expedite the delivery of meaningful and responsive public service, helping government agencies like the PCO to eliminate procurement lead time, facilitate digital and quicker payments, and lower administrative costs for purchases,” said LANDBANK President and CEO Lynette V. Ortiz. Under the Agreement, LANDBANK will issue Government Purchase Cards to authorized PCO personnel for the payment of eligible goods and services, such as miscellaneous small-value purchases; travel and representation; hotel and lodging; computer software, services, and digital content; and fuel, automotive parts, and services, among others. The GPC features pre-defined expenditure and credit limit; e-mail alerts for all GPC transactions; availability for online and cashless transactions via Point-of-Sale (POS); and monthly electronic statement of accounts. “This partnership is a step towards embracing digitalization to better serve the Filipino people. We thank LANDBANK for supporting the PCO in our digitalization journey,” said PCO Sec. Atty. Cheloy Velicaria-Garafil, MNSA. The PCO joins other government offices that are currently using the GPC, including the Office of the Vice President (OVP), Department of Finance (DOF), Department of Trade and Industry (DTI), Department of Budget and Management (DBM) and Bureau of the Treasury (BTr), among others. As of end-September 2023, LANDBANK has facilitated through the GPC combined transactions amounting to P19.7 million for various purchases and payments.
READ MOREThe Land Bank of the Philippines (LANDBANK) is giving clients a great reason to keep building their savings to reach their financial goals faster and safer. Individual depositors can now get more out of their savings through the LANDBANK OptiSaver—a new premium savings account that offers tiered interest rates as high as 4%* based on average daily balance. The LANDBANK OptiSaver offers to maximize savings with optimal interest rates as one of the financially rewarding deposit products out there – far surpassing the interest rates provided by traditional savings accounts. “With the LANDBANK OptiSaver, your money doesn’t simply rest, it works for you every single day. Whether you are saving for your dream home, a new car, a grand vacation, or a secure retirement, the OptiSaver can be your reliable partner in realizing these aspirations for you and your family,” said LANDBANK President and CEO Lynette V. Ortiz. As a savings account and not a time-bound investment product, the LANDBANK Optisaver has no tenor and allows account holders to withdraw cash at any time, which is especially important for emergencies. “We are inviting everyone to open an OptiSaver account today and maximize the potential of your savings. Let your money work for you and grow your savings faster and safer with LANDBANK,” President Ortiz added. LANDBANK has also made it very convenient for clients to deposit funds to their OptiSaver account digitally or in-person via various touchpoints, to keep them motivated to continue growing their savings and get higher interest rates. Interested depositors may open their LANDBANK OptiSaver account online via the LANDBANK Mobile Banking App (MBA) or by visiting any of the 606 LANDBANK branches and branch-lite units nationwide. For more information about the LANDBANK OptiSaver, please visit the official LANDBANK website and social media channels, contact the nearest LANDBANK 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 MORECustomers of the Land Bank of the Philippines (LANDBANK) can now enjoy free online fund transfers to other banks via InstaPay and PESONet for transactions worth P1,000 and below effective 01 November 2023. For interbank fund transfers amounting to more than P1,000, customers can continue to enjoy a lowered fixed transaction fee of P15 from the previous rate of P25. LANDBANK’s waiving of transfer fees helps clients send money to loved ones in a safe, secure, and convenient manner, towards advancing greater financial inclusion and participation in the digital economy. “We are thrilled to announce that LANDBANK is waiving transaction fees for small-value online fund transfers to other banks. This is our holiday gift to our valued customers, as we continue to promote safe and convenient digital transactions,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK clients can enjoy waived transfer fee for their first three online fund transfers/transactions in a day via the LANDBANK Mobile Banking App (MBA), and the Bank’s online retail banking channel, the iAccess. Fund transfers from and to LANDBANK and Overseas Filipino Bank (OFBank) accounts, regardless of the amount, remain free of charge. The latest move of LANDBANK supports the call of the Bangko Sentral ng Pilipinas (BSP) to promote cashless payments by removing the fees on small-value fund transfers. Last July, LANDBANK increased the daily aggregate amount limit of fund transfers via InstaPay from P50,000 to P100,000 and via PESONet up to P500,000 and P1.5 million in LANDBANK MBA and iAccess, respectively. Daily transaction limit for fund transfer and bills payment has been removed, allowing customers to perform an unlimited number of transactions per day. Meanwhile, LANDBANK urges its customers to remain vigilant against online banking fraud by not clicking links from unknown senders. Customers are also reminded never to share and keep private their username or log-in ID, password, OTP and other account information.
READ MOREMECHANICS: For a minimum single receipt purchase of PHP2,000 via Tap to Pay through VISA Card (credit, debit and prepaid) in any of the participating SM Retail Affiliate gives the cardholder one (1) electronic raffle entry for a chance to win one of the six (6) brand-new Hyundai Stargazer 1.5 GL IVT in Dragon Red and one of the five (5) brand new Hyundai Creta 1.5 GL IVT in Dragon Red. The cardholder must enroll his/her transaction by scanning the QR code. Customer to input: Full Name, Full Address, Contact Number, Name of Merchant, Upload of Receipt Purchase of cell cards, phone cards, SM Gift cards, SM Gift Pass, Concert Tickets, Bills Payment products, and other product at the Customer Service Counter are not entitled to any raffle entry. Splitting of transactions is prohibited and shall not be allowed to be eligible for a raffle entry. Promo period is from October 1 to November 30, 2023. Deadline of submission of entries is on November 30, 2023 at 10PM or mall’s closing hours. Electronic Raffle Draw will be held on December 5, 2023 in the presence of DTI and SM representative. There will be 6 winners of brand-new Hyundai Stargazer 1.5 GL IVT in Dragon Red and 5 Creta 1.5 GL IVT in Dragon Red. Winner can only be drawn once. In case a name was drawn more than once, he/she will get the prize of higher value. SM Supermalls and Visa reserve the right to verify the eligibility of the winning entry. The winner’s Visa credit card account must be active and in good standing for the duration of the raffle draw and the 60-day redemption period. Participants shall be solely responsible for any taxes or duties payable by them as a result of participation in the promotion or winning the prize. Prizes are not convertible to cash and non-transferrable. Winners will be given sixty (60) days upon receipt of notification to claim the prize. After the 60-days claiming period, unclaimed prizes will be forfeited in favor of SM Supermalls with the prior approval of DTI. Winners will be notified via phone call through contact details given (where to claim the prize), and announced via social media sites of participating SM malls. Upon claiming his/her prize, winner must present registered mail, two (2) government issued IDs (any of the following: Driver’s License, SSS, Passport, Birth Certificate, TIN) Winner must present his/her winning VISA Credit Card upon claiming his/her prize. Requirement of winner’s representative in claiming the prize – an authorization letter from the winner, winner’s registered mail, winning claim stub, photocopy of winner’s VISA credit card and valid identification (Passport, Driver’s License or SSS I.D. of both the winner and his/her representative). The winner’s representative must also present original copies of the same required valid forms of identification and a copy of the winner’s TIN. Winner will shoulder the 20% Prize Tax for prizes exceeding PHP 10,000.00 as well as other related vehicle registration fees. The prize is transferable but not convertible to cash or any other item. Prize may be transferred to the winner’s nominated recipient who is able to satisfy the requirements for the claiming of prize. All participating malls and VISA reserve the right to disclose and publish name, photos and other information of the winner in any mode or manner, as relevant to the Promotion, in any mode or manner as they may deem appropriate. SM Supermalls and Visa reserve the right to disclose and publish name, photos and other information of the winner in any mode or manner, as relevant to the Promotion, in any mode or manner as they may deem appropriate. Employees, Management and Board of Directors of Shopping Center Management Corp. and VISA and its accredited advertising agencies and their relatives up to 2nd degree of consanguinity or affinity are disqualified from participating in the promotion. The promo organizer’s decision with regards to the Promo Mechanics, winners and prizes, with the concurrence of DTI, is final. By participating in the promotion and/or accepting the prizes, the promotion cardholder agrees to hold Visa and SM free and harmless from any loss, injury, or damage caused by or arising from his/her participating in the promotion or caused by or arising from his/her acceptance in the promo SM Retail Affiliate Stores, SM Supermalls, and Visa will not replace lost or damaged receipt caused by the cardholder. Per DTI Fair Trade Permit No. FTEB-175165 Series of 2023. Click here for the list of participating malls and SM retail affiliates.
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 |
