In line with supporting the fisheries sector, Land Bank of the Philippines (LANDBANK) is offering a new credit facility to assist existing and prospective commercial fishing operators in acquiring fishing vessels for domestic or overseas use. Under the P2-Billion LANDBANK Commercial Fishing Vessel Financing Program, eligible borrowers may loan up to 80% of the acquisition cost to purchase a brand-new, second-hand or refurbished commercial fishing boat and related equipment for their business. "LANDBANK remains steadfast in supporting the fisheries sector. We are looking to cover the requirements for fishing vessels to assist more fishers in boosting their production and profit, and contribute to ensuring food security in the country,” LANDBANK President and CEO Cecilia C. Borromeo said. Eligible Program borrowers include commercial fishing operators from small and medium enterprises, cooperatives, and large enterprises. LANDBANK will provide readily available and affordable credit at an interest rate of 5% per annum for three years, subject to re-pricing thereafter, payable up to 10 years. Commercial fishing vessels refer to fishing boats, ships or watercrafts with gross tonnage (GT) of 3.1 and up. Object of financing must be in accordance with Maritime Industry Authority (MARINA) standards as supported by a MARINA Certificate of Ship Registry. In addition, the boat to be financed should be in seaworthy condition, properly equipped with life-saving, communication, safety and other equipment, and operated and maintained in accordance with the standards set by MARINA. For more information about LANDBANK’s Lending Programs, 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 MORETo further boost its reach and better serve the banking needs of clients across the country, the Land Bank of the Philippines (LANDBANK) is set to open 23 new branches and branch-lite units and deploy an additional 190 ATMs this year. As of February 15, 2021, LANDBANK has the third-largest ATM network in the country among local banks with 2,316 ATMs, which serve 410 municipalities that are classified as unbanked. LANDBANK is also the only bank present in all 81 provinces nationwide. The 23 additional LANDBANK touchpoints in the pipeline this year are composed of 16 branches and branch-lites, five (5) Agri-Hubs, and two (2) mobile branches. This will grow LANDBANK’s branch network to 500 branches and branch-lite units nationwide by year end. The additional five (5) Agri-Hubs programmed for the year will raise the total to ten (10) nationwide and will help the Bank reach more farmers and fishers. Located in top rice-producing provinces, LANDBANK Agri-Hubs feature a hybrid of different banking and lending functions to respond to the developing needs of stakeholders in the agriculture sector. The two (2) new mobile branches will provide uninterrupted banking services in areas hit by calamities and other unexpected events. One (1) LANDBANK mobile branch will support the San Pablo Branch in Laguna to cover affected areas in Luzon, while the other will support the Bajada Branch in Davao del Sur for areas in Mindanao. LANDBANK will also install 190 new ATMs nationwide—which include 10 mobile ATMs—to provide safe and timely cash withdrawals for Bank clients, notably government personnel, pensioners, and Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries. LANDBANK’s total ATM network will exceed 2,500 by the end of 2021. The Bank is also gearing up to open two (2) new lending centers for a total of 57 by year end, designed to provide affordable credit assistance to small farmers and fishers, agrarian reform beneficiaries (ARBs), small and medium enterprises (SMEs), and local government units (LGUs), among others. “LANDBANK remains aggressive in expanding its extensive network to serve more clients and meet emerging needs. While the usage of our e-banking channels continue to rise under the new normal, our branches and other physical touchpoints remain equally important in servicing our clients, especially those in the countryside,” said LANDBANK President and CEO Cecilia C. Borromeo. Free online fund transfers until March 2021 To provide relief to LANDBANK account holders and encourage online transactions amid the ongoing pandemic, LANDBANK continues to waive fees for online inter-bank fund transfers via instaPay and PESONet until March 31, 2021 when using the LANDBANK Mobile App and iAccess. From March 18 to December 31, 2020, the Bank has waived fund transfer fees amounting to P50.32 billion for 9,353,938 online transactions, representing forgone income for the Bank totaling P223 million. LANDBANK’s digital financial services saw increased demand in 2020, as transactions facilitated through its six (6) major electronic channels increased by 21% in volume and 36% in value from 2019. The LANDBANK Mobile Banking App recorded the highest volume of transactions of 71.9 million amounting to P85.12 billion. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) approved loans totaling P62.32 billion for 194 local government units (LGUs) nationwide under its RISE-UP LGUs (Restoration and Invigoration package for a Self-Sufficient Economy towards UPgrowth for LGUs) Lending Program. Of this amount, P1.89 billion has been released to 32 LGUs as of February 2, 2021. The RISE UP LGUs Program aims to provide the necessary funding requirements of provincial, city, and municipal LGUs to revive their local economy and recover from the adverse impact of the COVID-19 pandemic. The Program was launched in July 2020 in partnership with the Union of Local Authorities of the Philippines (ULAP), with the participation of the Leagues of LGUs, namely the League of Provinces of the Philippines (LPP), League of Cities of the Philippines (LCP), and League of Municipalities of the Philippines (LMP). Since then, the Program has gained wide acceptance by LGUs that the state-run bank has increased its fund allocation from the initial P10 billion to P80 billion to accommodate the rising number of loan applications. Through the RISE-UP LGUs Lending Program, LANDBANK finances COVID-19 response and recovery interventions, including but not limited to the purchase of agricultural produce, acquisition of equipment and construction of facilities for linking of products to the market, and other programs and projects of the LGU that provide basic and support services, social welfare, healthcare, and other infrastructure activities. “LANDBANK recognizes the crucial role of LGUs in the whole-of-nation approach to recover from the economic downturn caused by the pandemic. We are fully committed to finance local development projects toward generating jobs and jumpstarting the local economy,” said LANDBANK President and CEO Cecilia C. Borromeo. Interest rate subsidy The National Government, through Republic Act No. 11494 or the “Bayanihan to Recover as One Act”, is providing P1 billion in Interest Subsidy Fund (ISF) for LGU loans obtained from LANDBANK, which may be availed until December 31, 2022, unless otherwise earlier depleted. The interest subsidy is subject to a maximum limit of 2% per annum of the approved loan amount or P10 million per province and city, and P5 million per municipality, whichever is lower. Applying the interest subsidy to the RISE UP LGUs Lending Program, outstanding and succeeding loan releases to LGUs until December 31, 2022 or the depletion of the ISF, whichever comes earlier, will be subject to a fixed interest of 4% per annum inclusive of the 2% per annum subsidy from the National Government. Thereafter, the interest shall remain to apply but without any subsidy from the National Government. LANDBANK is therefore encouraging LGUs to promptly draw on their approved and enrolled loans under the RISE UP LGUs Lending Program and take advantage of the interest subsidy. Interested LGUs may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service 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, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREDAMULOG, Bukidnon – Damulog Mayor Melino L. Buro (7th from left) and Land Bank of the Philippines (LANDBANK) Don Carlos Branch Head Grace C. De Leon (6th from left) lead the official inauguration of the first-ever LANDBANK offsite ATM and Cash Deposit Machine (CDM) Center in Mindanao on December 18, 2020. The ATM and CDM Center aims to further strengthen LANDBANK’s presence in this unbanked and underserved municipality by offering access to innovative and convenient banking services. The LANDBANK Center will cater to communities in the southern part of Bukidnon and North Cotabato areas, as well as other municipalities under the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The ATM and CDM Center was established through the support of the local government unit (LGU) which constructed the building that houses the terminals and provided free use of the space and utility provision for the next 20 years. As of February 15, 2021, LANDBANK has a total of 2,316 ATMs and 168 CDMs nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) has approved loans totaling P6.95 billion for 227 borrowers composed mostly of micro, small and medium enterprises (MSMEs) and cooperatives that are affected by the impact of the COVID-19 pandemic. Under the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by Covid-19) Lending Program, LANDBANK has released P5.28 billion of the total P6.95 billion for the benefit of 208 borrowers, composed of 167 MSMEs, 34 cooperatives, four (4) microfinance institutions (MFIs), and three (3) large corporations as of end-January 2021. Launched in April 2020 at the height of strict quarantine lockdowns, the I-RESCUE Lending Program was designed in support of Republic Act 11494 or the “Bayanihan to Recover as One Act (Bayanihan 2)” to provide credit and loan restructuring under more flexible terms and conditions to MSMEs, MFIs, and cooperatives. LANDBANK recently expanded the coverage of the Program to allow more borrowers affected by the pandemic to avail of credit and loan restructuring assistance. The I-RESCUE Lending Program now allows micro enterprises and large corporations to borrow a maximum of 85% of their emergency or permanent working capital requirement. Terms are set at an affordable interest rate of 5% per annum for three (3) years, subject to annual re-pricing thereafter, and payable up to 10 years with a maximum of two (2) years grace period on the principal repayment. Moreover, LANDBANK is currently working on expanding the I-RESCUE Program further to offer a new sub-credit facility for MSMEs, cooperatives, and self-employed individuals severely affected by the health crisis. Qualified borrowers may soon be able to borrow a minimum amount of P100,000 or up to 85% of their actual permanent working capital requirement, at a lower fixed interest rate of 3% per annum only, payable up to three (3) years. “We are enhancing the I-RESCUE Lending Program to cover a wider range of key industries that need greater access to credit. LANDBANK is keeping in step with emerging requirements under the new normal in support of the country’s ongoing economic recovery,” said LANDBANK President and CEO Cecilia C. Borromeo. Existing LANDBANK clients may also avail of loan restructuring via additional loan and extended repayment period or combination of means to rehabilitate and restore operational cash flow. The LANDBANK I-RESCUE Lending Program is available until December 31, 2022. 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, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREState-run Land Bank of the Philippines (LANDBANK) has expanded the coverage of its direct loan program for students to cover the purchase of electronic gadgets needed for online learning. Under the enhanced I-STUDY (Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth) Lending Program, LANDBANK is now offering a loan of up to P50,000 per student to finance the purchase of learning gadgets such as laptop, desktop or tablet, that can be included in the maximum loanable amount of P150,000 per student or P300,000 per parent-borrower to cover payment for tuition or enrolment-related fees. Furthermore, students of legal age are now eligible to apply for the LANDBANK I-STUDY Program if they meet eligibility requirements. When the loan program was initially launched last year, only parents and guardians or benefactors of students could apply for the financial assistance. “LANDBANK recognizes the need to support students in adapting to distance learning modalities. While we await the resumption of in-person classes, we hope that the I-STUDY Program can help students cover the financial requirements to purchase needed learning equipment and participate in online classes,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK move to expand the I-STUDY credit facility comes at the heels of recent government pronouncements for the continued implementation of distance learning as a measure against the spread of COVID-19. The enhancement of the I-STUDY Program also includes the increase in maximum age eligibility of students from 30 years old to 50 years old; inclusion of scholar students whose scholarships do not fully cover their tuition fees; and the coverage of non-scholar students from private pre-school, primary and secondary schools. Meanwhile, LANDBANK has approved as of February 16, 2021 loans amounting to P531.5 million to 16 educational institutions through the ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program. The Program aims to boost the capacity of private academic institutions to implement a ‘study now, pay later’ scheme for its students. The ACADEME Lending Program forms part of the Bank’s support to the education sector which offers credit to private and non-DepEd high schools, private Technical-Vocational and Education Training (TVET) institutions, and private Higher Education Institutions (HEls) such as colleges and universities to provide continuing education to their students. The program offers the ‘3-3-3’ feature, with a P3-billion-program fund in credit support, a very low fixed interest rate of only 3% per annum, and payable based on the maturity of the sub-promissory notes but not to exceed three (3) years. For more details about the features and application requirements of the I-STUDY and ACADEME lending programs, contact the LANDBANK Programs Management Department II at (02) 8405-7198. For more information about LANDBANK’s other loan products, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.
READ MORELANDBANK joins the Philippine Commission on Women (PCW) in celebrating National Women’s Month. The month of March was declared as National Women’s Month to promote the extraordinary roles of ordinary Juanas in society as trailblazers and harbingers of change. This year’s theme, “Juana Laban sa Pandemya: Kaya!” highlights women’s participation in battling the pandemic and the discusses gender issues exacerbated by the pandemic. Click here for the Bank's Products and Services for women. Happy National Women’s Month! #BankingOnTheFilipinoSpirit #WomenMakeChange
READ MOREVirginia Farms Inc. in Cebu has significantly expanded its swine business operations in the last eight years backed by various loans provided by the Land Bank of the Philippines (LANDBANK). The 52-year-old company currently operates a 360-hectare farm and a pork retail chain with 51 outlets. MANDAUE CITY, Cebu – From a humble backyard venture that started in 1968, Cebu-based Virginia Farms Inc. (VFI) is now regarded as the oldest and largest integrated farm-to-pork business in Central Visayas. With its 360-hectare farm in the town of Asturias and a pork retail chain with 51 outlets, VFI has been helping address the meat requirements in Luzon since last year as pork growers there have been largely affected by the African Swine Fever (ASF) outbreak. The company was able to ship a total of 10,760 hogs last year and continues to ship frozen carcasses weekly to the region. The growth of VFI, specifically in the last eight (8) years, has been supported by the Land Bank of the Philippines (LANDBANK) through its Cebu North Lending Center, which financed the expansion of the company’s business operations and the construction of modern facilities. VFI President Rolando E. Tambago is optimistic that recent investments will allow the company to continue supplying Luzon with ASF-free pork. “With the current situation of the pork industry, there’s a good opportunity for us here in the Visayas to expand and meet the gap of pork supply in other areas. I hope that LANDBANK will continue to support us in our plans to expand and grow our business further, as we envision to be a major supplier of quality pork in the Philippines,” said Mr. Tambago. In 2013, VFI first availed of a term loan from LANDBANK to finance the construction of piggery buildings in its site in Asturias. The loan was also used to purchase refrigeration equipment for its pork retail chain, The Pork Shop. As the company decided to expand its piggery operations, it availed of another term loan from the Bank in 2014 to develop additional piggery houses and acquire boars and gilts to improve its genetic stock. With its growing operations expanding rapidly and retail branches opening one after another, VFI once again turned to LANDBANK in 2015 and in 2018 to finance the development of meat cutting and slaughterhouse facilities. Established in 2016, the meat cutting facility can process up to 1,000 hogs daily. Meanwhile, the modern slaughterhouse, which was inaugurated in 2019, can accommodate up to 1,000 heads per day at a processing rate of 100 heads per hour. VFI also availed of a short term loan from LANDBANK in 2020 as a working capital for the expansion of The Pork Shop. Since its inception in 2008, this retail business has grown significantly, with outlets now spread across Cebu, Iloilo, and Biliran. "LANDBANK remains steadfast in supporting the agriculture sector, including the recovery of our local swine industry. We will continue to extend credit assistance to hog raisers as we contribute to ensuring food security in the country," said LANDBANK President and CEO Cecilia C. Borromeo. As of end-2020, LANDBANK has extended a total of P237.62 billion in outstanding loans to the agriculture sector, with P142.75 billion representing loans to small, medium, and large agribusiness enterprises. In terms of economic activity, P37.48 billion out of the Bank’s total agriculture loan portfolio financed livestock projects, which includes P16.86 billion for the piggery industry. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Bureau of the Treasury invites you to join the 1st Quarter Rewards Draw of the Premyo Bonds 2 via Facebook live (www.facebook.com/TreasuryPh) on March 16, 2021 at 2:00 PM. You could be one of the lucky quarterly winners of P20,000, P50,000, P100,000, or P1 Million PLUS two brand new Toyota Innova units from partner institution, GT Capital Holdings Incorporated! #PremyoBonds2 #BiggerInvestmentBiggerPanalo
READ MORETo support the local hog industry amid threats from the African Swine Fever outbreak, the Land Bank of the Philippines (LANDBANK) has launched a new lending program to assist hog raisers in sustaining and increasing pork production. During the program launch and signing of a Memorandum of Agreement (MOA) between LANDBANK and the Department of Agriculture (DA) at the DA-Bureau of Soils and Water Management (BSWM) Convention Hall in Quezon City on March 17, 2021, the state-run bank said it has earmarked P15 billion for the SWINE (Special Window and Interim Support to Nurture Hog Enterprises) Lending Program. The LANDBANK SWINE Lending Program will be available for commercial hog raisers registered as cooperatives or farmers’ associations, small and medium enterprises (SMEs), and large enterprises or corporations. “LANDBANK is supporting the Department of Agriculture by extending financing support to hog enterprises to sustain their operations and pork supply during this difficult time. Through the LANDBANK SWINE Lending Program, we aim to respond to the recovery requirements of our hog industry and contribute to ensuring food security,” said LANDBANK President and CEO Cecilia C. Borromeo. Loans under the LANDBANK SWINE Lending Program shall be used for swine production, which includes the acquisition or importation of semen or breeding animals; feed milling operations; the construction, improvement or retrofitting of necessary facilities that are compliant to biosecurity protocols of DA, the industry or integrators; acquisition of fixed assets; and as working capital. Eligible borrowers may avail of a short-term loan line or a term loan for up to 80% of their total project cost or financing requirement, with an affordable fixed interest rate of 3% per annum for three (3) years, subject to annual repricing thereafter. Under the Program, short-term loans have a tenor of one (1) year, term loan for permanent working capital is payable up to five (5) years, while fixed asset acquisition is payable based on the cash flow or payback period of the project, with grace period on the principal and interest. Agriculture Secretary William D. Dar and LANDBANK President Borromeo led the MOA signing to formalize the joint implementation of the SWINE Lending Program. Witnesses from DA included Undersecretary for Livestock William C. Medrano, Undersecretary for Operations Ariel T. Cayanan, Bureau of Animal Industry (BAI) OIC-Director Reildrin G. Morales, and National Livestock Program (NLP) and Agricultural Training Institute-International Training Center on Pig Husbandry (ATI- ITCPH) Director Ruth S. Miclat-Sonaco, together with LANDBANK Agricultural and Development Lending Sector Officer-In-Charge, Senior Vice President Ma. Celeste A. Burgos. Under the agreement, DA will provide the list of eligible program borrowers and assist them in the preparation of a business plan, enrollment in the Philippine Crop Insurance Corporation (PCIC), and in securing necessary permits. The DA will also provide loan recipients trainings on biosecurity management and breeding or rearing of hogs, while engaging the services of different organizations in capability building and implementation of biosecurity protocols. LANDBANK, for its part, will accept and evaluate loan applications of eligible borrowers and facilitate the release of loan proceeds. The Bank will also monitor the performance of the Program and provide monthly reports to DA. The DA and LANDBANK will work together to promote the Program through the conduct of focus group discussions and dissemination of educational materials. The LANDBANK SWINE Lending Program will be available until December 31, 2026 in line with the Department of Agriculture’s hog re-population plan. Last February, the Bank earmarked P2 billion for its new credit offering for the fisheries sector under the LANDBANK Commercial Fishing Vessel Financing Program, aimed at assisting existing and prospective commercial fishing operators in acquiring fishing vessels for domestic or overseas use. For more information about these and other Lending Programs of the Bank, 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, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREAs of Mon, July 21, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.85 | 57.35 |
| JPY | 0.378271 | 0.392848 |
| EUR | 65.226917 | 67.745089 |
| GBP | 75.281659 | 78.188008 |
| HKD | 0.12683 | 7.753663 |
As of Fri, July 18, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.572145 |
| Money Market Fund | 1.322302 |
| Money Market Plus Fund | 1.23456 |
| PERA Money Market Fund | 1.030357 |
| Medium-Term Bond Fund | 2.490214 |
| Bond Fund | 2.043289 |
| PERA Bond Fund | 1.212849 |
| Balanced Fund | 2.690607 |
| Growth Fund | 2.63721 |
| Alpha Equity Fund | 3.124754 |
| Blue Chip Equity Fund | 0.971014 |
| Equity Fund | 0.820955 |
| High Dividend Equity Fund | 1.034544 |
| US$ Money Market Fund | 1.441811 |
| Global $ Fund | 1.54739 |
