Parents and guardians/benefactors of students enrolled for the upcoming school year can now directly avail of loans up to P300,000 from the Land Bank of the Philippines (LANDBANK). LANDBANK President and CEO Cecilia C. Borromeo said the bank is launching a new direct loan program to cover students’ tuition to assist parents and guardians/benefactors who may be reeling from effects of the COVID-19 health crisis. LANDBANK has allotted P1.5 billion in credit support under the I-STUDY (Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth) Lending Program to cover the tuition and other enrollment-related fees of eligible students. The LANDBANK I-STUDY Program is open to parents and guardians/benefactors of incoming students who are qualified under the admission and retention requirements of an academic institution recognized or accredited by the Department of Education (DepEd), Commission on Higher Education (CHED), or the Technical Education and Skills Development Authority (TESDA). Parents and guardians can borrow the amount of tuition equivalent to one (1) school year or two (2) semesters, or up to P150,000 per student but not more than P300,000 per eligible borrower. “LANDBANK supports President Duterte’s call to finance students’ access to quality education amid the economic challenges brought about by the pandemic. Through the I-STUDY Lending Program, we hope to help students finish their studies despite the difficulties they are facing,” Borromeo said. The I-STUDY Lending Program offers an affordable fixed interest rate of 5% per annum for short term loans for pre-school, primary, and secondary students payable within one (1) year, as well as for term loans for tertiary students payable up to a maximum of three (3) years, inclusive of one (1) year grace period on the principal. Eligible parents and guardians/benefactors should have an established repayment capacity, credit history and good credit standing. Eligible students cannot be a current beneficiary of the Universal Access for Quality Tertiary Education Act of 2017 (also known as Republic Act 10931), or any scholarship program or privilege granted to honor students and should be of good moral character as certified by school. The LANDBANK I-STUDY Program will be available only for School Years 2021 to 2022. For details about the Program’s features, eligibility and application requirements, interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. For more updates, please Follow, Like and Share the official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or visit the LANDBANK website (www.landbank.com).
READ MORETerms and Conditions: •Get P100 worth of Grab vouchers when you Cash-in at least P1000 to your GrabPay Wallet with your LANDBANK Mastercard credit card. •Valid for New to GrabPay Users in the Philippines with no activated GrabPay Wallet only and has an existing Grab account. •Limited to one (1) redemption per user only. •Promo runs until July 15, 2020 only. •P100 worth of vouchers are as follows: (1) P50 OFF GrabCar (min. spend P250 | GrabPay), (2) P50 OFF GrabFood (min. basket P500 | GrabPay) •GrabCar is currently live in Metro Manila and Cebu (limited areas) only. •GrabPay payment for GrabFood is available in Metro Manila and Cebu only. •Vouchers will be received within 5 hours upon successful transaction. •Vouchers can be found under ‘My Rewards’ in the Grab app. A voucher can be used by tapping “Use Now.” •Vouchers are valid for (1) year upon awarding. •Maximum of one (1) Grab account per user per device. •Users who have been determined to be fraudulent or abusive in any ongoing or completed GrabPay promotion are automatically disqualified. •GrabPay reserves the right and has authority to disqualify fraudulent transactions or promo abuse. •Questions regarding user’s qualification or eligibility for this promo shall be resolved by GrabPay at its discretion. •Should there be any disputes, GrabPay’s decision shall prevail. •This terms and conditions shall be governed by the laws of the Philippines and any dispute arising out of or in connection with promotion shall be referred to the exclusive jurisdiction of courts of the Philippines. Per DTI Fair Trade Permit No. FTEB-100630 Series of 2020
READ MOREIn pursuit of its mandate to support the country’s agriculture sector, the Land Bank of the Philippines (LANDBANK), in partnership with the Department of Agriculture (DA), continues to provide affordable financial assistance to farmers and fishers, as well as their cooperatives and associations, to help increase their productivity and profitability. Under the Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program, the Bank has released a total of P2.5 billion in loans to 19,367 eligible borrowers as of June 30, 2020. Of the total borrowers, 19,189 are Small Farmers and Fishers (SFFs), 119 are micro and small enterprises (MSEs), and 59 are farmers and fisherfolk cooperatives/associations. Direct lending under the ACEF Lending Program has been made available to eligible borrowers at an affordable interest rate of 2% per annum. Individual farmers and fishers may use the loan under the Program for the purchase of farm inputs and equipment or for farm improvement. For MSEs, cooperatives and associations, the loan may be used for the acquisition of machineries, equipment and facilities for agri-based production and post-production, as well as processing. Moreover, LANDBANK has released a total of P527.3 million in loans to 3,115 rice farmers and 22 cooperatives as of end-June 2020 under the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) Program. The ERCA-RCEF Program was implemented to provide support to farmers following the implementation of the Republic Act No. 11203 or the Rice Tariffication Law. The Bank is one of the implementing agencies for the P1-billion RCEF allocation for credit, and mandated to make available P500 million in loans annually to rice farmers in 59 out of 80 rice-producing provinces covered by the Program from year 2019 to 2024. Direct lending under the ERCA-RCEF Program has been made available to eligible borrowers at an affordable interest rate of 2% per annum. For on-lending, interest rate is at 0% per annum with prescribed pass-on rate to end-borrowers of up to 6% per annum. Individual farmers may use the loan under the Program for the purchase of farm inputs for rice and rice seed production, and acquisition of farm machineries and equipment for production and post-production. For cooperatives, the loan may be used for the purchase of farm inputs for rice and rice seed production as a collective operation, working capital for rice and rice seed trading operation and other rice farming-related activities, acquisition of machineries and equipment, relending to small rice farmers listed in the Registry System for Basic Sectors in Agriculture (RSBSA), and rediscounting of existing loans of small rice farmers listed in the RSBSA. “LANDBANK is continuously working with the Department of Agriculture to intensify our support to the agriculture sector. Through the ACEF and ERCA-RCEF Loan Programs, we aim to assist more farmers and fishers, as well as their cooperatives and associations, so they can boost their productivity and profitability, and contribute significantly in ensuring food security in the country especially with the ongoing COVID-19 pandemic,” LANDBANK President and CEO Cecilia C. Borromeo said.
READ MOREFor a minimum investment of P5,000, interested investors may purchase the Bureau of the Treasury’s (BTr) Retail Treasury Bonds Tranche 24 (RTB-24 or Progreso Bonds) and help boost the state’s coffers for socioeconomic development initiatives. On July 16, 2020 (4:00PM), the Department of Finance (DOF) and BTr will launch through a virtual Qualified Institutional Buyers (QIB) Investor’s Briefing the five-year RTB-24 or Progreso Bonds offering with Bond Exchange, to generate at least P30 billion. The event will be streamed live via the Facebook Page of the BTr (www.facebook.com/TreasuryPh) to be shared by LANDBANK (www.facebook.com/landbankofficial) and other participating Banks. The virtual event will be led by Finance Secretary Carlos G. Dominguez and National Treasurer Rosalia V. De Leon, together with Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo, and Development Bank of the Philippines (DBP) President and CEO Emmanuel G. Herbosa. The RTB-24 will be offered to the investing public until August 7, 2020, with state-run lenders LANDBANK and DBP as the Joint Lead Issue Managers. They will be joined by BDO Capital and Investment Corporation, BPI Capital Corporation, China Bank Capital, First Metro Investment Corporation, PNB Capital Corporation, RCBC Capital Corporation, SB Capital Corporation, and Union Bank of the Philippines as Joint Issue Managers. “LANDBANK’s participation in the RTB-24 or Progreso Bonds offering is a testament to the Bank’s unwavering support to the National Government to raise funds for its socio-economic development initiatives. Rest assured that the Bank will do its part to promote and encourage retail investors to invest in the Progreso Bonds,” LANDBANK President and CEO Borromeo said. The proceeds to be generated from RTB-24 will be utilized by the National Government to fund health initiatives, especially priority measures to respond to and recover from the COVID-19 crisis, and extend support to overseas Filipino workers (OFWs) and Small and Medium Enterprises (SMEs). Interested investors may purchase RTB-24 through the branches of LANDBANK those of participating institutions. They can also purchase the Bonds through the RTB Online Ordering Facility at the BTr’s website and through the BONDS.PH mobile application. On top of selling the new Bonds, the BTr will be allowing holders of previously issued bonds, namely, RTB 10-01, FXTN 05-73, RTB 10-02 and FXTN 07-57 to exchange and reinvest their bond holdings for the RTB-24. It will be the second time that the BTr will issue RTBs this year, after the issuance of the RTB-23 with exchange offer last February. The RTBs are generally considered low-risk investments which allow investors to earn a fixed interest quarterly during the term of the bond based on prevailing market rates. For more updates, please Follow, Like and Share the official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or visit the LANDBANK website (www.landbank.com).
READ MOREIn line with intensifying support to the agriculture sector, the Land Bank of the Philippines (LANDBANK) has provided P227.47 Billion-worth of agriculture loans as of June 2020. Of these loans to agriculture, P35.63 billion was outstanding loans to small farmers, fishers, cooperatives, and farmers associations. This includes direct lending to farmers and fishers which grew by P219 million or 18.37% from P1.19 billion in May to P1.41 billion in June. Meanwhile, loans to other players in the agri-business value chain stood at P191.84 billion, of which P141.67 billion was lent to small, medium, and large agribusiness enterprises and P50.17 billion financed agri-aqua related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). Assisting 2 Million farmers and fishers As of June 2020, LANDBANK has assisted 1,976,689 cumulative small farmers and fishers nationwide representing a 98.8% accomplishment over the 2 million cumulative target for the year. The 300,825 or 18% increase from last May’s 1,675,864 tally was due largely to the new farmers assisted under the Department of Agriculture’s (DA) Financial Subsidy to Rice Farmers (FSRF) Program. Of the 1,976,689 farmers and fishers that LANDBANK has assisted, 1,290,240 were supported through the Bank’s various regular loan offerings and lending programs jointly implemented with the DA and the Department of Agrarian Reform. The remaining 218,530 and 467,919 small farmers were assisted specifically through the DA’s Rice Farmers Financial Assistance (RFFA) Program and the FSRF Program, respectively. “Now more than ever, LANDBANK continues to exert greater focus on driving support for the agriculture sector amid the COVID-19 pandemic. Through the whole-of-government approach, our strong partnerships with the Department of Agriculture and Department of Agrarian Reform have allowed us to fulfill our mandate of reaching and assisting more small farmers and fishers nationwide than ever before,” LANDBANK President and CEO Cecilia C. Borromeo said. After achieving and exceeding its target of assisting one million farmers and fishers in 2019, LANDBANK is aiming to assist an additional one million new farmers and fishers for a total of 2 million this 2020. LANDBANK is a government financial institution with the social mandate of promoting countryside development, servicing the financial needs of small farmers and fishers, micro, small and medium enterprises (MSMEs), countryside financial institutions (CFIs), LGUs, and government institutions. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREFarmer-members of the Malinao Dam Federation of Irrigators’ Association (MADFIA), Inc. in Bohol now enjoy improved productivity and income with the help of a four-wheeled tractor and two rice combine harvesters which the federation acquired through the Agricultural Competitive Enhancement Fund (ACEF) Lending Program of the Department of Agriculture (DA) and Land Bank of the Philippines (LANDBANK). PILAR, Bohol – Two years ago, farmer-members of the Malinao Dam Federation of Irrigators’ Association (MADFIA), Inc. in the towns of Pilar and Dagohoy in the province of Bohol shared the hardships brought about by traditional palay production. From tilling the soil to harvesting the rice crops from the fields, they only depend on their trusted carabaos and obsolete farming methods as they worked under the sun for more than eight hours a day. Despite all their labor and hard work, MADFIA President Kim L. Doroy said that it was extremely challenging to earn a living from growing palay in a traditional way, especially during bad weather. “Sobrang hirap. Nakikita ko na bawat isa sa miyembro namin ay talagang ibinubuhos ang lahat ng kakayahan sa sakahan para mabuhay. Tapos minsan naaabutan ng ulan, naaabutan ng bagyo, kaya yung kita namin ay talagang bumabagsak,” he said, noting that this vicious cycle also triggered food shortage in the province. The difficulties and uncertainties facing their members prompted MADFIA to avail of a P4.9-million term loan from the Land Bank of the Philippines (LANDBANK) in 2018, under the Agricultural Competitive Enhancement Fund (ACEF) Lending Program, for the acquisition of farm machineries and post-harvest facilities. Through LANDBANK, MADFIA was able to acquire two brand-new units of rice combine harvesters that same year, and in 2019, they were able to purchase a brand-new four-wheeled tractor unit to help them quickly prepare rice paddies for the planting season. With the mechanization of rice farming methods, the productivity and income of the 4,963 rice farmers from 17 irrigators’ associations under MADFIA significantly increased. From spending three to four days and employing three farm workers to prepare one hectare of farmland, they can now complete the job for only two hours with the use of a tractor and just one operator. Harvesting a hectare of rice field was also reduced to two hours and one farm worker with the help of the harvester, instead of the conventional two to three days that requires 16 farm workers. In terms of profit, the farmers were able to earn 40% more every cropping season. And since the time they spend in their rice fields was shortened, some of them were able to get additional income from growing other food crops such as vegetables and corn. “Napagaan ‘yung buhay namin, medyo guminhawa. Nakapag-ipon kami ng panustos sa pag-aaral ng aming mga anak at puhunan sa paghahanda sa susunod na season ng pagtatanim. Ngayong may pandemic, may quarantine, ang laking naitulong dahil iilan lang ‘yung pwedeng makalabas. Kasi sa harvester at tractor kaunti lang ang tao na kinakailangan. Kapag wala kaming ganong equipment, siguradong taghirap na ‘yung mga farmers ngayon,” Doroy said. Aside from MADFIA, LANDBANK through the ACEF Lending Program, has also helped other federations of irrigators’ associations in Bohol to acquire farm machineries and post-harvest facilities. In total, the Bank was able to finance 39 units of four-wheeled tractors, 10 units of rice combine harvesters, and 18 units of rice transplanters to these associations. The ACEF Lending Program is a joint program of the Department of Agriculture (DA) and LANDBANK, which aims to provide necessary credit to small farmers and fishers (SFFs), their cooperatives and associations, and micro and small enterprises (MSEs) to increase their productivity, and to enhance the competitiveness of players in the agriculture sector. As of June 30, 2020, LANDBANK has released a total of P2.5 billion in loans to 19,367 eligible borrowers nationwide under the ACEF Lending Program. Of the total borrowers, 19,189 are SFFs, 119 are MSEs, and 59 are farmers’ and fishers’ cooperatives/associations. For more details about the Program’s features, eligibility and application requirements, interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MORE(Clockwise, from upper left) Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo leads the virtual signing of a P250-million loan agreement with STI Education Services Group, Inc. (STI-ESGI) Executive Committee Chairman Dr. Eusebio H. Tanco and STI-ESGI Chief Executive Officer Monico V. Jacob for the LANDBANK ACADEME Lending Program to finance STI’s ‘study now, pay later’ program for its students in the coming school year 2020-2021. Signing as witnesses are STI-ESGI Chief Finance Officer and Treasurer Yolanda M. Bautista, and LANDBANK Agricultural and Development Lending Sector Officer-In-Charge Senior Vice President Ma. Celeste A. Burgos. The Land Bank of the Philippines (LANDBANK) and STI Education Services Group, Inc. (STI-ESGI) signed a P250-million Term Loan Rediscounting Line agreement under the ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program to finance the institution’s ‘study now, pay later’ program for its students amid the financial difficulties facing families due to the COVID-19 pandemic. LANDBANK President and CEO Cecilia C. Borromeo, STI-ESGI Executive Committee Chairman Dr. Eusebio H. Tanco and STI-ESGI Chief Executive Officer Monico V. Jacob led the virtual signing, held on July 24, 2020. The event was witnessed by STI-ESGI Chief Finance Officer and Treasurer Yolanda M. Bautista, and LANDBANK Agricultural and Development Lending Sector Officer-In-Charge Senior Vice President Ma. Celeste A. Burgos. The STI-ESGI, which is the largest subsidiary of STI Holdings, is the first academic institution that availed of the ACADEME Lending Program. The institution offers secondary and tertiary programs, as well as post-graduate and associate programs. “We would like to thank Chairman Tanco and the rest of STI-ESGI management team for putting faith in LANDBANK and our ACADEME Program to finance and ensure the enrollment of around 15,000 to 25,000 students in STI colleges and academic centers this upcoming school year,” LANDBANK President and CEO Borromeo said in her message. Other academic institutions which also availed of the LANDBANK ACADEME Lending Program include Medical Colleges of Northern Philippines, Inc. (MCNP) and the International School of Asia and Pacific, Inc. (ISAP) in the province of Cagayan. And at least 80 more private educational institutions have expressed interest in accessing the credit facility. “Almost 70% of our students are supported by overseas workers, who are being repatriated during this pandemic. This LANDBANK facility provides the much needed relief. STI has also agreed not to pass on the 3% interest of this facility. We will absorb this cost, and we thank LANDBANK for being the first bank to offer a study now, pay later plan. We are committed to the education of our youth, and we are happy to work with LANDBANK to make sure their future will continue to be bright and hopeful,” STI-ESGI CEO Jacob said in his response. Launched in May 2020, the LANDBANK ACADEME Lending Program aims to provide credit support to private high schools, private technical and vocational education training institutions, as well as Higher Education Institutions (HEIs) such as colleges and universities, in providing continuing education to their students, through their parents or benefactors, under a ‘study now, pay later’ program. LANDBANK allotted P3 billion for the Program, which offers refinancing or rediscounting of promissory notes issued by the parents or benefactors of students for school loans. Eligible schools can borrow up to 70% of the sub-promissory notes on a per semester basis, and subject further to a maximum amount based on the school’s net borrowing capacity, with a very low fixed interest rate of 3% per annum, payable based on the maturity of the sub-promissory notes, but not to exceed three (3) years. For more details about the Program’s features and application requirements, interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MORELaunch of Digital Personal Equity and Retirement Account (PERA) Date : 08 September 2020 (Tuesday) Time : 9:00am to 11:00am Platform : Facebook Live (facebook.com/BangkoSentralngPilipinas)
READ MORE(1st row, left to right) DTI Secretary and CIAP Board Chairman Ramon M. Lopez, National Treasurer Rosalia V. de Leon, (2nd row, left to right) LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines Founder and CEO Orlando B. Vea lead the virtual ceremonial signing of a quadripartite agreement on August 7, 2020 which mandates LANDBANK to facilitate the settlement of all CIAP’s online transactions, and the remittance of the payments to the Bureau of the Treasury (BTr). The Land Bank of the Philippines has been designated as settlement bank for online transactions of the Department of Trade and Industry - Construction Industry Authority of the Philippines (DTI-CIAP). LANDBANK will be working with DTI-CIAP, the Bureau of the Treasury (BTr), and PayMaya Philippines, Inc. to ensure the efficient settlement of online payments made by the DTI agency clients, and timely remittance of payments to the National Treasury. Under the agreement, LANDBANK will maintain a “BTr-CIAP-PayMaya Clearing Account” wherein all collections or payments accepted and deposited by PayMaya, as a collecting agent, will be credited via the weAccess facility of the Bank. All funds credited to the clearing account are then automatically credited to the BTR-Other Agency Mother Account at the end of the day during batch processing. The arrangement forms part of the quadripartite Memorandum of Agreement (MOA) signed by DTI Secretary and CIAP Board Chairman Ramon M. Lopez, National Treasurer Rosalia V. de Leon, LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines Founder and CEO Orlando B. Vea on August 7, 2020. Also present during the event were DTI Undersecretary Ireneo V. Vizmonte, DTI Assistant Secretary Mary Jean T. Pacheco, LANDBANK Branch Banking Sector Executive Vice President Julio D. Climaco, Jr., LANDBANK South NCR Branches Group Senior Vice President Ramon R. Monteloyola, and LANDBANK Buendia Branch Vice President Virgilio C. Paranial. They were joined by Philippine Contractors Accreditation Board (PCAB) Chairman Pericles P. Dakay, PCAB Executive Director Atty. Herbert DG. Matienzo, Philippine Constructors Association President Wilfredo L. Decena, Philippine Domestic Construction Board and Philippine International Construction Board Executive Director Doris U. Gacho, United States Agency for International Development (USAID) Contracts Officer Representative Princess Shimmadar Manaois-Battung, and USAID Deliver Project Chief-of-Party Alexander Kitain. “LANDBANK will ensure the efficient settlement of transactions and the remittance of payments to the National Treasury. Our expanded partnership represents another step towards our shared goal of providing convenient, reliable, and efficient payment options to our stakeholders,” LANDBANK President and CEO Borromeo said. In 2018, LANDBANK and CIAP entered into an agreement for the utilization of the LANDBANK Link.BizPortal, which offers CIAP clients such as PCAB contractors, an alternative way to pay license and registration fees as well as other charges. As of June 2020, Link.BizPortal has facilitated a total of 2,682 transactions for CIAP amounting to P15.32 million.
READ MOREAs of Thu, October 2, 2025
Buying | Selling | |
---|---|---|
USD | 57.85 | 58.35 |
JPY | 0.38793 | 0.402848 |
EUR | 66.932168 | 69.506753 |
GBP | 76.901275 | 79.859327 |
HKD | 7.407842 | 7.958065 |
USD | 57.9 | 58.4 |
As of Thu, October 2, 2025
UITF | NAVPU |
---|---|
Cash Management Fund | 1.587721 |
Money Market Fund | 1.332617 |
Money Market Plus Fund | 1.246335 |
PERA Money Market Fund | 1.036503 |
Medium-Term Bond Fund | 2.520067 |
Bond Fund | 2.08086 |
PERA Bond Fund | 1.23937 |
Balanced Fund | 2.659531 |
Growth Fund | 2.628897 |
Alpha Equity Fund | 3.114207 |
Blue Chip Equity Fund | 0.964358 |
Equity Fund | 0.811353 |
High Dividend Equity Fund | 1.053365 |
US$ Money Market Fund | 1.449935 |
Global $ Fund | 1.590506 |