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New LANDBANK accounts go full digital

The Land Bank of the Philippines (LANDBANK) announced that all new customers applying for a LANDBANK deposit account shall be provided a cardless account, effective 04 October 2022.  New account holders will be enrolled in the LANDBANK iAccess and Mobile Banking App (MBA), and will benefit from having convenient access to digital banking services, including inter-bank transactions via InstaPay and PESOnet.  Cardless account holders can also use the LANDBANK MBA to access their account and withdraw cash from 2,889 LANDBANK Automated Teller Machines (ATMs) nationwide, which have been upgraded with a cardless withdrawal feature.  Cardless cash deposit is likewise available via 231 LANDBANK Cash Deposit Machines (CDMs) nationwide. However, new LANDBANK customers may still opt for a physical LANDBANK ATM card for a minimal fee of P150.00.  The state-run Bank assures customers that it maintains the highest level of security in all its systems, while also reminding customers to remain vigilant against online banking fraud and scams.

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LANDBANK wins three honors at 13th Asia CEO Awards

(from right to left) LANDBANK Executive Vice President Alex A. Lorayes and Senior Vice Presidents Ma. Celeste A. Burgos and Randolph L. Montesa received the trophies awarded to LANDBANK in the Innovative, Sustainable and Wellness categories during the 13th Asia CEO Awards on 11 October 2022. The Land Bank of the Philippines (LANDBANK) garnered three Circle of Excellence awards during the 13th Asia CEO Awards ceremony on 11 October 2022 at the Marriott Hotel in Pasay City. “These awards serve as confirmation that LANDBANK is headed in the right direction. We have fully transformed into a development-oriented institution that is more responsive to the needs of an expanded and diverse customer base,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK bagged the Most Innovative Company of the Year award for its LANDBANKPay, the all-in-one mobile wallet. Through the application, users can safely and conveniently pay bills, load up mobile phones and tollway RFID accounts, make purchases online, and transfer funds anytime, anywhere.  The Bank also received the Most Sustainable Company of the Year award for the LANDBANK LGU Lending Program, which supports Local Government Unit (LGU) partners to implement development programs, thereby promoting long-term economic growth in the countryside. Among the significant environmental initiatives that the Program has financed include solid waste management projects, as well as renewable energy and energy efficient projects designed for climate change mitigation.  As of end-August 2022, LANDBANK’s total loan portfolio to LGUs have reached P84.2 billion, which have helped advance economic activity and generate much-needed livelihood in local communities. LANDBANK likewise received the Wellness Company of the Year Award for its Employee Wellness Program, which utilizes a holistic framework for promoting comprehensive health and wellness.   The LANDBANK Employee Wellness Program is designed to help employees attain an optimal health and work-life balance in a healthy, safe, and harmonious work environment, which leads to engagement, work productivity, and good quality of life.   The 2022 Asia CEO Awards is on its 13th year of recognizing outstanding leadership achievements by individuals and organizations in the Philippines and across the Asia-Pacific region.

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More LANDBANK customers can transact from 7-Eleven ATMs sans service fees

Prepaid cardholders of the Land Bank of the Philippines (LANDBANK) can now transact for free from ATMs in selected 7-Eleven convenience stores.   In addition to holders of LANDBANK Regular ATM Cards and Debit Cards, customers can also use their LANDBANK Prepaid Cards to perform cash withdrawal and balance inquiry free-of-charge in 1,980 7-Eleven ATMs in Metro Manila, CALABARZON, Pampanga, Bataan and Cebu, as of end-September 2022. For added convenience, LANDBANK cardholders now also enjoy an increased cash withdrawal limit of P20,000.00 per transaction from the previous P10,000.00. “LANDBANK continues to leverage on strategic partnerships to accelerate financial inclusion in the country. We are committed to expand the accessibility of our services, especially to the unbanked and underserved,” said LANDBANK President and CEO Cecilia C. Borromeo.  This development benefits the 8.3 million previously unbanked Philippine Identification System (PhilSys) Project registrants onboarded by LANDBANK in collaboration with the Philippine Statistics Authority (PSA), as of end-September 2022. The state-run Bank is providing unbanked PhilSys registrants with their own LANDBANK transaction accounts, to bring more Filipinos into the formal banking system. LANDBANK Prepaid cardholders also include about 10 million beneficiaries under the Conditional Cash Transfer and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD).  LANDBANK partnered with Pito Axm Platform, Inc. (PAPI), the operator of 7-Eleven ATMs in the Philippines, in May of this year.  The 7-Eleven ATMs effectively complement LANDBANK’s own physical network of 607 Branches and 2,899 ATMs nationwide as of end-September.

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LANDBANK makes ‘ayuda’ claiming easier for 3.4-M pensioners

Lucy Cabalan can now conveniently receive cash grants and perform other banking transactions, such as cashless purchases and online fund transfers, by using the LANDBANK Prepaid Card she received at a recent card distribution activity in Minglanilla, Cebu. Social pensioners can now conveniently receive their cash grants and perform other banking transactions, as the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of Prepaid Cards to vulnerable sectors. Around 3.4 million Unconditional Cash Transfer (UCT) beneficiaries under the Social Pension Program for Indigent Senior Citizens of the Department of Social Welfare and Development (DSWD) form part of the almost 10 million beneficiaries to be provided with LANDBANK Prepaid Cards under the agency’s major social protection programs. UCT beneficiary Lucy Cabalan was one of the 1,499 social pensioners who received financial aid through LANDBANK Prepaid Cards during a recent card distribution activity in the Municipality of Minglanilla, Cebu. With no permanent source of income, 80-year-old Cabalan relies on her pension to augment her daily needs and for purchasing maintenance medication for her asthma. “Nagpapasalamat ako sa LANDBANK dahil nabigyan ng pansin ang pangangailangan naming mga senior citizen. Masaya ako dahil ito ang pinaka-unang card na natanggap ko mula sa LANDBANK,” said Cabalan. Through LANDBANK Prepaid Cards, social pensioners can conveniently withdraw cash aid from any of the 2,899 LANDBANK ATMs in the country. They can likewise perform cash withdrawals free-of-charge at the ATMs of 1,980 7-Eleven convenience stores in selected areas, as of end-September. The Prepaid Cards can likewise be used 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. LANDBANK previously upgraded the existing prepaid cards of CCT and UCT beneficiaries into transaction accounts with expanded features to provide more convenient banking services, including prepaid card loading via LANDBANK branches, fund transfers through the LANDBANK Mobile Banking App, and cash-in via LANDBANK Cash Deposit Machines.  

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LANDBANK mobile ATM delivers cash aid to Leyte seniors

LANDBANK deploys a mobile automated teller machine (ATM) at the Tanauan Civic Center in Brgy. Canramos, Leyte from October 24 to 26, 2022, to assist over 2,900 senior citizens from the Municipality of Tanauan in claiming their cash grants that were credited to their LANDBANK Prepaid Cards.  TANAUAN, Leyte – Over 2,900 senior citizens from this town conveniently received their cash grants from the National Government, following the deployment of a LANDBANK Mobile automated teller machine (ATM) at the Tanauan Civic Center in Brgy. Canramos from October 24 to 26, 2022. The senior citizens used their LANDBANK Prepaid Cards to receive the grants, who form part of the 3.4 million Unconditional Cash Transfer (UCT) beneficiaries under the Social Pension Program for Indigent Senior Citizens of the Department of Social Welfare and Development (DSWD).  “LANDBANK is committed to deliver accessible and convenient services especially to vulnerable sectors. Our mobile touchpoints allow us to service areas where we are needed the most,” said LANDBANK President and CEO Cecilia C. Borromeo.  The three-day deployment of the LANDBANK Mobile ATM in Tanauan allowed beneficiaries to activate their LANDBANK Prepaid Cards and withdraw the loaded cash aid free of charge, helping them to save time and transportation-related costs.  “The LANDBANK mobile ATM deployment in Tanauan greatly benefits our UCT beneficiaries, as they have easy access to withdraw their money from their cards within the venue of the card release. I would like to extend my sincerest thanks to LANDBANK for the swift response to my request. Your continued support is highly appreciated and I look forward to our partnership in public service,” said Tanauan Mayor Ma. Gina E. Merilo.  Through the LANDBANK Prepaid Cards, UCT beneficiaries from Tanauan can now receive government subsidies in a timely manner and withdraw cash for free in the LANDBANK Easy Access Facility (LEAF) located in Brgy. Buntay and from LANDBANK ATMs in neighboring towns.  They can also use the Prepaid Cards to make cashless purchases for essential supplies in groceries, drugstores, and other accepting merchants via Point-of-Sale (POS) terminals.  The LANDBANK Prepaid Cards were recently upgraded into transaction accounts to provide beneficiaries with wider access to an array of banking services, including prepaid card loading via LANDBANK branches, fund transfers through the LANDBANK Mobile Banking App, and cash-in via LANDBANK Cash Deposit Machines (CDM).  

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LANDBANK AgriSenso underscores gov’t support for ARBs, ARBOs

(clockwise from upper left) Department of Agrarian Reform (DAR) Bureau of Agrarian Reform Beneficiaries Development (BARBD) Director Dr. Ronald M. Gareza, CESO IV and LANDBANK Program Management Department I Head, Assistant Vice President Edgardo S. Luzano lead the fourth run of the LANDBANK AgriSenso Virtual Forum on 24 October 2022. Joining them are Mauanan Baluncanag Gaddangao Farmers Irrigators Credit Cooperative Treasurer Sharon B. Eugenio, Southern Isabela ARB Charibel Francesca, and Batangas Egg Producers Multi-Purpose Cooperative Director Cecille A. Virtucio. The Land Bank of the Philippines (LANDBANK) gathered small farmers and fishers, agrarian reform beneficiaries (ARBs), and their organizations to discuss the National Government’s development plan towards building sustainable and resilient agrarian reform communities. Department of Agrarian Reform (DAR) Bureau of Agrarian Reform Beneficiaries Development (BARBD) Director Dr. Ronald M. Gareza, CESO IV and LANDBANK Program Management Department I Head, Assistant Vice President Edgardo S. Luzano led the discussions during the fourth run of the LANDBANK AgriSenso Virtual Forum on 24 October 2022.  They were joined by agriculture partners and loan availers, namely Mauanan Baluncanag Gaddangao Farmers Irrigators Credit Cooperative Treasurer Sharon B. Eugenio, Southern Isabela ARB Charibel Francesca, and Batangas Egg Producers Multi-Purpose Cooperative Director Cecille A. Virtucio, who shared how LANDBANK and DAR have assisted to enhance their productivity and income. Director Gareza discussed the various interventions that DAR has been carrying out to help address the challenges facing ARBs in land tenure and disputes. He also underscored the importance of support services, including capacity development and credit and marketing assistance, to support and ease the burden of ARBs. Meanwhile, AVP Luzano, together with Program Officers Glecy Angeles and Crisso Pernito, presented the features of the various credit programs being offered by LANDBANK for ARBs and their organizations.  Accessible financing for ARBs, ARBOs LANDBANK and DAR have been working closely to extend affordable financing and support services for ARBs and their organizations.  Under the Accessible Funds for Delivery to Agrarian Reform Beneficiaries  (AFFORD-ARBs) Program, LANDBANK provides direct credit assistance to individual ARBs who are not yet members of Agrarian Reform Beneficiary Organizations (ARBOs). The loans can be used for the production of rice, corn and high-value crops, and acquisition of small farm implements, such as hand tractors and power tillers.  The Bank has released a total of P506.1 million to 2,200 borrowers under the AFFORD-ARBs Program as of 30 September 2022. LANDBANK, in partnership with DAR, also implements the Credit Assistance Program for Program Beneficiaries Development (CAP-PBD), designed for ARBOs that are not yet qualified to borrow under the regular lending window of the Bank.  The Program provides credit assistance and support services to ARBs through their respective organizations for crop production, agri-enterprise or livelihood and other agri-related projects.  LANDBANK and DAR also offer the Expanded Assistance to Restore and Install Sustainable Enterprises for Agrarian Reform Beneficiaries and Small Farm Holders (E-ARISE-ARBs), designed to assist ARBOs which and whose members were adversely affected by natural calamities or disasters, pests and diseases, and other viral infections or outbreaks.  As of September 2022, LANDBANK’s combined releases under CAP-PBD and E-ARISE-ARBs have reached P736.4 million, benefitting 219 ARBOs with more than 11,000 ARBs and small farm holder-members nationwide. Qualified ARBOs can also avail of credit assistance under the Enhanced Partnership Against Hunger and Poverty (EPAHP) Lending Program of LANDBANK, which can be used to purchase orders or contract receivables from government agencies for the provision of needed food items.  The Program supports the government’s efforts to address hunger, poverty, food security and nutrition,  through community participation in government contracts. LANDBANK’s total loan releases under the EPAHP Lending Program have reached P9.6 million to seven agri suppliers as of September 2022.

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LANDBANK bags three ADFIAP awards

LANDBANK won Merit Awards for environmental development, infrastructure development, and financial inclusion at the ADFIAP Development Awards 2022 on 26 October 2022.  The Land Bank of the Philippines (LANDBANK) garnered three Merit Awards during the 45th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meeting on 26 October 2022 at the Conrad Hotel in Pasay City. “These recognitions from the ADFIAP highlight LANDBANK’s expanded coverage as a development institution. We will continue our efforts to help address climate change; support key economic industries to recovery and resiliency; and fast-track financial inclusion nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK received the Merit Award on Environmental Development for the Renewable and Efficient Alternative (REAL) Energy Financing Program, which supports renewable energy projects that promote local capacity for climate change adaptation and mitigation.  As of 31 August 2022, LANDBANK has approved P20.2 billion in loans to 59 borrowers under the REAL Energy Financing Program.  The Bank also received the Infrastructure Development Merit Award for providing efficient right-of-way appraisal services for the infrastructure projects of the Department of Public Works and Highways (DPWH) and Department of Transportation (DOTr). In 2021, the Bank successfully appraised around 10,000 properties for 92 big-ticket infrastructure projects for roads, highways, bridges, and railways, to help stimulate local economic activities, attract foreign investments, and create employment opportunities. LANDBANK likewise received the ADFIAP Merit Award for Financial Inclusion for its contribution to the Enhanced Partnership Against Hunger and Poverty (EPAHP) initiative, which aims to mitigate hunger, ensure food and nutrition security, and reduce poverty in urban and rural communities. The Bank alloted P2 billion under the LANDBANK EPAHP Lending Program to extend collateral-free loans to farmers and fishers groups organized as Community-Based Organizations (CBOs), who in turn supply food items for the feeding programs of partner government agencies.  LANDBANK has released under the EPAHP Lending Program a total of P9.6 million to seven agri suppliers as of September 2022 The ADFIAP is on its 45th year of recognizing outstanding leadership achievements by individuals and organizations in the Philippines and across the Asia-Pacific region.

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VISA - Shopee 11.11 (2022)

Qualifications The promo is exclusive to Visa Credit, Debit, and Prepaid cards issued in the Philippines. How to Avail Shop using the Shopee mobile app. Select the items you wish to purchase and click “BUY NOW”. To proceed with checkout, enter your e-mail address and shipping details. Enter promo code “VISA200OFF” upon checkout. Click “Select payment method” and choose “Credit / Debit Card” as option. Select or add your participating Visa credit, debit, or prepaid Card and click “Confirm”. Promo discount will be automatically applied to your purchase upon checkout. Terms and Conditions Qualified Visa cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P200 off, with a minimum spend of P3,500. Promo discount is valid for eligible Shopee users during the promo duration.  Promo discount is valid for one-time use on November 11, 2022 only. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder unless reason for cancellation is deemed valid upon investigation. (e.g. delay in receipt of OTP) Applicable on Visa credit, debit, and prepaid card transactions only. Promo discount is valid for new and existing Shopee registered customers. Promo discount cannot be applied retroactively. The offer cannot be exchanged for cash or other products. Promo discount can only be applied on purchases from Preferred Shops, Mall Shops, Free Shipping Special Sellers, and Coin Cashback Sellers that ship from the Philippines. Promo discount cannot be used on products under the “Load, Bills and eServices” category. Promo discount is valid on orders to be delivered via integrated couriers. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. Shopee reserves the right to cancel transactions of accounts that are proven to be invalid or fraudulent (i.e. abuse of system). Shopee reserves the right to vary these terms & conditions with prior approval of DTI. Customer Support For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph

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VISA - Lazada 11.11 (2022)

Promo Mechanics Promo Period: November 11 - 13, 2022 Promo Period and Promo Offer The Promotion is open to all active users in good standing of the LANDBANK/OFBank Visa Debit Card. Promo Offer: Enjoy 15% OFF with Landbank and OFBank on Lazada s 11.11 Mega Sales! The promo is valid on regular and sale items at Lazada. Discount applies with a minimum spend of P1,000, charged to the LANDBANK and OFBank Visa Debit Card. Discount is capped at Php 500. Discount is redeemable from: November 11-13, 2022 with code: LBPLAZ11 Discount code is valid for three-time use per promo period on Lazada's mobile app and website. Discount will apply when the voucher is entered at the Payment Page and the eligible LANDBANK and OFBank VisaDebit Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check -out. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below(under the Milk Code) and other goods from blacklisted sellers set by Lazada. Purchase must be made using an eligible LANDBANK Visa Debit Card during the valid promo period from November 11 - 13, 2022.  Payment codes cannot be used with other collectible or static code discount vouchers. Transaction must be made within the Promo Period to availof the Promo. The Promo is valid at Lazada Philippines Smartphone mobile app and website. How to Avail of the Discount Open the Lazada website (www.lazada.com.ph) or download the Lazada app for free via App Store for Apple users orGoogle Play store for Android users. Select the item/s you wish to purchase then click "Add to Cart". Prepare your card details for the transaction. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click "Check Out". Input the voucher code on the checkout page to apply the discount. Enter your shipping and billing information and select the credit card as payment method. Enter your LANDBANK/OFBank Visa Debit Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. Click "Place Order" to complete the transaction. Terms and Conditions Minimum spend of P1,000 isrequired. Minimum spend applies to the total price of selected items in cart prior to any discounts. Discount capped at P500. Valid for three-time use per promo duration per customer.  Discount is applied when customer enters eligible LANDBANK/OFBank Visa Debit Card details.  Discount is applied automatically at the checkout only when the voucher code has been successfully applied on the order. Discount is not transferable and may not be converted to cash, credit, kind or similar financial instruments.  Discount cannot be applied retroactively.  Discount is not applicable to items marked "Voucher code not applicable on this item". All cancelled orders will not be valid for re-instatement of voucher codes. Payment codes cannot be used with other collectible or static code discount vouchers. The use of promo code is subject to the Lazada Voucher Terms and Conditions Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact.

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LANDBANK, DA deliver cash aid to 6,200 Cagayan rice farmers

LANDBANK and the Department of Agriculture deliver cash assistance to rice farmers in Allacapan, Cagayan on 26 October 2022, under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program. CAGAYAN PROVINCE – More than 6,200 rice farmers from this province received cash assistance worth P5,000 each under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program from the Land Bank of the Philippines (LANDBANK). In partnership with the Department of Agriculture (DA), the cash assistance was credited to LANDBANK Intervention Monitoring Cards (IMCs) of beneficiaries from Cagayan, composed of over 3,000 rice farmers from the Municipality of Gattaran, 1,850 from Allacapan, and 1,350 from Aparri.  “LANDBANK is working closely with the DA to deliver cash assistance to rice farmers in the most immediate time. Rest assured that we will continue to complement the National Government’s development agenda towards building a sustainable and resilient agriculture sector,” said LANDBANK President and CEO Cecilia C. Borromeo. Through the LANDBANK IMCs, the farmer-beneficiaries can withdraw their cash grants from LANDBANK automated teller machines (ATMs) free of charge, cash-out funds from LANDBANK Agent Banking Partners (ABPs), and make cashless purchases in establishments and other accepting merchants via Point-of-Sale (POS) terminals, for the purchase of needed farm inputs.  LANDBANK is also gearing up to deliver IMCs and cash assistance to DA-identified beneficiaries in other Cagayan municipalities, including Buguey, Calayan, Camalaniugan, Lal-lo, Gonzaga, Sta. Ana, and Sta. Teresita.   As of 29 October 2022, LANDBANK has produced more than 126,000 IMCs for RCEF-RFFA beneficiaries, and opened accounts for additional 125,000 farmers for immediate production and distribution of their own cards.  Under the RCEF-RFFA Program, beneficiaries are set to receive P5,000.00 worth of cash assistance each through the LANDBANK IMCs to boost agricultural productivity. LANDBANK serves as the disbursing arm of the RCEF-RFFA Program, designed to provide responsive financial support to eligible farmer beneficiaries identified by the DA, as part of the implementation of Republic Act No. 11203 otherwise known as the Rice Tariffication Law (RTL). 

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Foreign Exchange Rates

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