Despite transportation and connectivity challenges in areas affected by typhoon Odette, state-owned Land Bank of the Philippines (LANDBANK) has successfully completed the turnover of P21.2-million worth of financial assistance to 198 local government units (LGUs) for their relief and recovery efforts. Recipients of the donations include provincial, city and municipal government units from areas severely affected by the typhoon, including Dinagat Islands, Surigao del Norte, Leyte, Bohol and Cebu. Other LGUs who have received financial assistance are those from Antique, Guimaras, Negros Occidental, Negros Oriental and Palawan. LANDBANK has set aside P200,000 each for six provinces, P150,000 each for 16 cities, and P100,000 each for 176 municipalities. “We consider LGUs as our valuable partners in various initiatives, including in the delivery of relief and recovery interventions to local communities. Providing affected LGUs with immediate financial assistance in the aftermath of typhoon Odette is crucial to quickly address the fundamental needs of our countrymen,” said LANDBANK President and CEO Cecilia C. Borromeo. Donations were also collected among LANDBANK personnel for the benefit of the Bank’s employees and communities significantly affected by typhoon Odette through the LANDBANK AMBAG System (Alternative Mechanism of Benevolent Assistance for the Greater good) cash donation campaign. Majority of LANDBANK branches and most automated teller machines (ATMs) in areas affected by the typhoon were already restored to service the banking needs of the customers. Meanwhile, some branches are temporarily closed due to COVID-19 exposure of personnel and ongoing disinfection activities to ensure the health and safety of LANDBANK clients and employees. The Bank’s Agent Banking Partners which include cooperatives and micro, small and medium enterprises (MSMEs), among others, are also serving the basic banking requirements of the customers, such as cash withdrawals. With the New Year, LANDBANK reaffirms its commitment to providing unwavering support to the nation to fast-track recovery and promote development that is inclusive and sustainable.
READ MOREState-run Land Bank of the Philippines (LANDBANK) recorded a net income of P21.75 billion in 2021—a 27% expansion from P17.14 billion in 2020—on the back of lower cost of funds and provision for losses. LANDBANK’s total assets likewise grew 9.5% year-on-year to P2.586 trillion from P2.362 trillion. This was propelled by deposits expanding by 8.39% to P2.269 trillion, mainly from the rise in deposits of government and private accounts. Year-end capital significantly increased to P207.68 billion, 23.39% higher from P168.31 billion in 2020, attributed to the P27.5 billion equity infusion from the National Government in February 2021 and increase in retained earnings from annual net income. “LANDBANK’s robust financial performance to close 2021 is a testament to resiliency and the capacity to thrive amid another challenging year. We will build on this momentum as we continue to take on an expanded role and a more holistic approach in supporting key development sectors and the nation at large,” said LANDBANK President and CEO Cecilia C. Borromeo. In terms of financial ratios, LANDBANK posted an above industry-average return on equity of 11.57%. Return on assets improved to 0.88% from 0.78% in 2020, while net interest margin is 2.86%. LANDBANK’s strong financial base places the Bank in prime position to support the whole agriculture sector and other development industries. From January to December 2021, total LANDBANK loans translated to the delivery of various basic services and infrastructure facilities. These include the construction and improvement of 303 kilometers of farm-to-market roads, 33 hospital buildings, 1,954 hospital beds, 9 school buildings, 96 classrooms, and 18,303 households connected with potable water. LANDBANK strives to strike a successful balance in fulfilling its social mandate of promoting national development while remaining financially viable, making it unique among universal banks in the country.
READ MOREALICIA, Isabela — The first-class municipality of Alicia in Isabela recently began the construction of its new public market bankrolled by a P190-million loan from the Land Bank of the Philippines (LANDBANK). The LANDBANK term loan availed by the local government of Alicia in 2021 has funded the acquisition of a 20,000 sq.m. commercial lot in Barangay Antonino, Alicia, and jumpstarted the construction of the new public market building. The rise of the new public market will decongest the existing market and will provide business opportunities to small and medium enterprises, as well as ambulant vendors in Alicia and its neighboring towns. Aside from the hiring of market administration personnel, the project has also generated jobs for around 230 indirect laborers involved in the development and construction of the building. “LANDBANK is one with our local government partners in providing necessary facilities to support the growth of agri-producers and local entrepreneurs. This forms part of our broader thrust of helping build stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. The new public market is set to have eight perimeter rows of stalls or about 172 stalls for dry goods and groceries, and four inside sections of about 108 stalls for fruits and vegetables, including meat and fish sections. The market facility will also be equipped with modern facilities, such as a water sprinkler system, closed-circuit television (CCTV) monitoring system, double drainage canal, steel elevated water tank with deep well water pump, and standby generator set, among others. With LANDBANK’s support, Alicia Mayor Joel Amos P. Alejandro believes that the new public market will hasten commercial and economic growth in the area while catering to the various needs of the community. “Alicia is running twice as fast in good governance, business, and property development to be the next wonderland in the North,” Mayor Alejandro said. With its vast agricultural land and irrigated fields, Alicia is one of the largest rice-producing towns in the region, with palay production dominating its local economy.
READ MOREDATU BLAH T. SINSUAT, Maguindanao – The Municipal Government of Datu Blah T. Sinsuat (DBS) has partnered with the Land Bank of the Philippines (LANDBANK) for the construction of access roads that will aid in the convenient and timely transport of goods to and from the town. The second class municipality inked a P90-million loan agreement with LANDBANK on 9 February 2022 to purchase various heavy equipment, meant to enhance the town’s delivery of general basic services and fast-track the implementation of strategic farm-to-market road projects. “LANDBANK fully supports initiatives that promote the growth and development of local agricultural producers. We are one with local government partners in providing more convenient access to local markets and other government services, in line with building stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. The P90-million LANDBANK loan will finance the construction of additional road networks in the municipality, designed to reduce the transportation costs of farmers and fishers for their produce, which will result to higher incomes. The road projects will allow fishers from the remote coastal barangays to supply fish to Cotabato City, Maguindanao Province, several bordering towns in Lanao del Norte, as well as the provinces of Zamboanga del Norte and Zamboanga del Sur. To date, five (5) out of the 13 barangays of Datu Blah T. Sinsuat have no established roads and are accessible only by boat. The additional roads will benefit a total of 4,946 farmers; 2,701 fishers; and 389 Agrarian Reform Beneficiaries (ARBs) residing in the area. “With LANDBANK’s assurance of financial and technical support to our priority projects for small farmers and fishers, we are optimistic that the Datu Blah T. Sinsuat Municipality will reach its goal of becoming the fishing capital of Central Mindanao in the future,” said Datu Blah T. Sinsuat Mayor Marshall I. Sinsuat. The Municipality also anticipates that the new roads will encourage the influx of investors and potential tourists to stimulate more economic activity, significantly improving the locality's trading system and tourism industry, and creating more job opportunities. LANDBANK continues to extend necessary credit assistance to local government units (LGUs) to spur recovery and inclusive economic development in the countryside. As of end-January 2022, LANDBANK has extended P69.51 billion in outstanding loans to LGUs nationwide.
READ MOREThe Provincial Governments of Bukidnon and Sarangani in Mindanao have commended the Land Bank of the Philippines (LANDBANK) for providing a digital banking facility for convenient payroll transactions, remittances, and payment of government contributions for their employees. The two local government units (LGUs) enrolled their institutional accounts to weAccess, LANDBANK’s internet-based banking facility for institutional clients that offers fund management, bills payment, remittance services, and Automated Teller Machine (ATM) payroll services, among others. The Bukidnon LGU cited the convenient and timely disbursement of salaries to employees with the use of the LANDBANK weAccess. “The LANDBANK weAccess significantly improved our operational efficiency as it eliminates travel time from our office to the bank, unnecessary delays in releasing personnel benefits, and shortage of coins for exact change,” said Bukidnon Provincial Treasurer Marilou Bueno. Bueno pointed out that prior to their LANDBANK weAccess enrollment, they had to manually deliver payroll documents to the LANDBANK Malaybalay Highway Branch to process the salary of more than 3,000 employees. “The LANDBANK weAccess really resolved this concern. Now, I can approve the payroll transactions even when I am out of the office,” Bueno added. The partnership between LANDBANK and Bukidnon LGU started in 1996 when the latter opened a deposit account with the Bank. Over the years, they have continuously tapped LANDBANK to finance infrastructure projects for various economic activities benefitting the Province and its constituents. At present, LANDBANK has a total of seven (7) branches and a branch-lite unit in the Province of Bukidnon, complemented by 42 ATMs, five (5) Cash Deposit Machines (CDMs), and two (2) Agent Banking Partners operating on behalf of the Bank. Meanwhile, the Sarangani LGU utilizes the LANDBANK weAccess to remit employees’ premium payments and monthly contributions to the Home Development Mutual Fund or Pag-IBIG Fund, as well as payments to the Government Service Insurance System (GSIS). “The introduction of LANDBANK weAccess to our province simplified the remittance of our employees’ payments to Pag-IBIG and GSIS,” said Sarangani Provincial Treasurer Eliza Cania. With LANDBANK weAccess, the process of remitting physical checks to these government offices was eliminated, which also improved the LGU’s manpower efficiency. Cania said that the platform was also heavily utilized at the height of the COVID-19 pandemic in 2021, when mobility within the province was restricted. “The LANDBANK weAccess was very useful for us especially during the times when we encountered a surge in COVID-19 cases since it allowed us to deliver unhampered financial services to our employees,” Cania added. A LANDBANK client for almost three (3) decades, the Provincial Government of Sarangani has complementing touchpoints of 11 LANDBANK ATMs across the province and a Branch in Alabel to cater to their banking needs. LANDBANK has also financed various development and infrastructure projects in all of Sarangani’s seven municipalities. As of end-May 2022, LANDBANK has recorded a total of 10 million transactions amounting to P243.64 billion through its weAccess platform, recording increases of 31.99% in volume and 24.73% in value, year-on-year. As the biggest development partner of LGUs nationwide, LANDBANK leverages on technological solutions to serve the requirements of local governments and in serving the nation.
READ MORELANDBANK’s timely assistance helped Reicher Banana Farm, Inc. (RBFI) in Davao de Oro to register a 100% growth in production and fully recover from the dreaded Panama disease. PANTUKAN, Davao de Oro – When Reichard Dumaluan’s 74-hectare banana plantation was hit hard by the destructive Panama plant disease in 2013, his business was at serious risk of wilting away along with the infected trees in his farm. The Panama disease infested Cavendish plantations throughout the province (formerly Compostela Valley) and neighboring towns in the region, only four years after Dumaluan established the plantation, Reicher Banana Farm, Inc. (RBFI), in 2009. Over time, the disease caught on, affecting the quality and quantity of RBFI’s produce. With plantation yield and income significantly reduced, RBFI sought financial assistance from the Land Bank of the Philippines (LANDBANK) to rehabilitate and sustain their operations. RBFI availed of a P75-million loan from LANDBANK in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation. After two years of rehabilitation, RBFI fully recovered from the plant disease and is now harvesting around 10,000 boxes of produce a week—a 100% increase from the previous production of 5,000 boxes a week. “LANDBANK recognizes the importance of each subsector of agriculture to ensure food security. Through accessible credit assistance, we stand ready to support the diverse requirements of agri players to boost production and income,” said LANDBANK President and CEO Cecila C. Borromeo. RBFI also used a portion of the LANDBANK loan for land expansion and modernization, which includes the purchase of a digital device which can record data per banana bunch, such as its weight, age, and location in the plantation. With the data, RBFI can digitally monitor the health of the crops and accurately distributes farm inputs such as fertilizers, thereby helping the company save on costs. The generated data also allows RBFI to forecast harvests within a given season. “I am grateful for LANDBANK’s support, especially at a time we needed it the most. As a client, we appreciate the customer service, as well as the financial and technical support they provide for our production,” Reichard Dumaluan said. RBFI has since expanded its plantation to 130 hectares and generates employment for around 220 local residents. Their banana harvest is also being exported to different countries, including South Korea, China, and the Middle East, among others. As of 30 June 2022, LANDBANK’s loan portfolio to support the country’s banana industry has reached P1.49 billion, in line with its intensified service to the agriculture sector.
READ MORESubscribe to PC Game Pass with your Visa card and enjoy 3 months free! Merchant Terms & Conditions Valid only for new Xbox Game Pass members who are existing cardholder of Visa debit or credit cards issued in Philippines ("Visa Cardholders"). Visa Cardholders may claim an offer code by visiting and following the steps at www.myvisacardportal.com/apbenefits_ph/en_ph/landing/ by October 31, 2022. Issuance of offer codes is subject to availability. Offer codes are non-transferable and not exchangeable for cash or any other benefits in kind. To redeem the offer, the Visa Cardholder must create an account and apply the offer code on the relevant page(s) at microsoft.com/redeem by November 15, 2022. Microsoft reserves the right to determine the eligibility or ineligibility of any Visa Cardholder to redeem the offer in accordance with these terms and conditions, and if a Visa Cardholder is found to be ineligible, Microsoft may refuse to provide the Xbox Game Pass trial to such Visa Cardholder. Visa is not responsible for any unsuccessful redemptions of the offer code. Eligible payment method required at the time of offer redemption. Unless you cancel the subscription before the end of the 3-month trial, you will be charged the then-current regular membership rate on a month-to-month basis after the end of the 3-month trial. Limit: 1 redemption per person/account. Redemption of the offer code and use of Xbox Game Pass is subject to the Microsoft Services Agreement, Game Pass terms and system requirements at: xbox.com/subscriptionterms. Available in Philippines. For the avoidance of doubt, while Visa has facilitated this promotion for the benefit of Visa Cardholders, Microsoft is the sole provider of all goods and/or services under the offer. Accordingly, the Visa Cardholder understands, acknowledges, and agrees that the procurement by him/her of any goods and/or services using the offer code shall constitute a contract solely between Microsoft and him/her, and Visa is not, nor will become, a party thereto. By utilizing or attempting to utilize any of the goods and services using the offer code, the Visa Cardholder understands, acknowledges and agrees that: Any claim, complaint or dispute of any nature arising out of or in relation to the procurement, or attempted procurement by the cardholder of any goods and/or services using the offer code (each a "Claim") shall be settled by the Visa Cardholder directly with Microsoft, and Visa Cardholder shall not make any Claim against Visa. Without prejudice to the foregoing, and to the fullest extent permitted by law, Visa shall not be liable to any person for any loss, damage, expenses or claim (whether direct or indirect) in relation to any personal injury, death, false representation, damage or omission arising from or in connection with the usage or attempted usage of the goods and/or services provided using the offer code. Visa and Microsoft reserve the right to modify these terms or vary, suspend, cancel or terminate the promotion at any time without prior notice.
READ MOREThe Department of Transportation (DOTr) and the Land Bank of the Philippines (LANDBANK) rolled out today the interim operation of the EMV-compliant Automated Fare Collection System (AFCS), geared towards the enhancement and modernization of the urban public transportation system in the country. The AFCS, which allows the convenient use of EMV-compliant contactless credit, debit and prepaid bank cards as cashless payment instruments in public transport modes, will be tested under a real-time operational condition in preparation for its full and commercial implementation. Transportation Undersecretary Cesar B. Chavez, Land Transportation Franchising and Regulatory Board Chairperson Cheloy E. Velicaria-Garafil, Bangko Sentral ng Pilipinas Governor Felipe M. Medalla, and LANDBANK President and CEO Cecilia C. Borromeo, together with participating public transport operators, led the “Interim Operation Launch and Tripartite Memorandum of Agreement Ceremonial Signing” for the Automated Fare Collection System EMV Contactless Pilot Production Testing (AFCS EMV PPT) Project at the Parañaque Integrated Terminal Exchange (PITx) in Parañaque City on 01 September 2022. “LANDBANK fully supports the AFCS project for convenient and safe cashless payments in our PUVs. Through LANDBANK Contactless Cards, we look forward to making the daily journey and payment experience of commuters as seamless as possible,” said President and CEO Borromeo. A total of 150 Public Utility Vehicle (PUV) units in selected pilot sites in the National Capital Region, Central Luzon, Calabarzon, and Metro Cebu will participate in the AFCS PPT. Only LANDBANK prepaid and credit contactless cards will be accepted and processed in the 150 participating PUVs during the first month of the AFCS pilot testing period. Once the necessary regulations or policy has been issued, the LANDBANK AFCS solution can also accept and process the EMV contactless cards issued by other local banks. Commuters can pay for fares using LANDBANK’s Special Edition Transit Cards, Agent Banking Cards (ABC), General Purpose Reloadable (GPR) Cards, Provincial ID e-Cards, and Classic and Gold Credit Cards, among others. LANDBANK already distributed more than 4.5 million LANDBANK contactless EMV cards which can be used in the AFCS solution, with another 1.9 million cards available and ready for claiming by the account owners. Through the years, LANDBANK has grown into one of the leading universal banks in the country while remaining faithful to its social mandate to promote inclusive and sustainable development. LANDBANK supports the modernization of the country’s transportation systems and services as a significant driver toward accelerated economic recovery and inclusive growth.
READ MOREHDJ Bayawan Agri-Ventures has established a village-type sugar mill in Barangay Bugaw, Bayawan City, Negros Oriental that provides subsidized milling and hauling services to sugarcane farmers in the area. In left photo is LANDBANK Director Nancy Irlanda Tanjuatco with HDJ President Pryde Henry Teves and LANDBANK Dumaguete Branch Head Brendalyn Villavicencio during a visit to the LANDBANK-financed milling facility. Some 1,680 sugarcane farmers in Bayawan, Negros Oriental now find it more profitable to engage in farming. Thanks to the subsidized hauling services and the constant market for their produce through LANDBANK client HDJ Bayawan Agri-Venture Corporation. With HDJ’s presence right at the heart of the Lapay-Dawis-Mabinay Agrarian Reform Communities, the transportation cost is considerably reduced by at least 80%, as with the cutting-to-milling time of canes. Before, the farmers had to shell out P610 per ton of cane for hauling, and travel more than 60 kilometers to collect their hard-earned money. Hauling cost now averages as low as P50 per ton for areas within 5km; P100 for areas between 5km to 10km; and P150 for areas between 10km to 15km. Farmers get their products milled at HDJ with a 68:32 share agreement for the milled sugar and molasses – 68% for the farmer and 32% for HDJ. The corporation also buys the farmers’ share – providing a ready market for their produce. “The only way for farming to remain feasible and attractive to the Filipino farmer is to make it profitable even to the small players,” said HDJ President Pryde Henry Teves, who thanked LANDBANK for believing in the project. LANDBANK financed HDJ’s acquisition of sugar mill equipment and machineries, heavy equipment, and farm implements through a term loan in 2017. In August 2018, the company was granted additional financing for the construction of additional mill structures, equipment for a second mill, construction of a bioelectric switchyard, and installation of interconnection line. HDJ now has twin mills equipped with a rated capacity of 600 tons of cane per day and power generation of three megawatts. The first mill is operational and undergoing fine-tuning. Currently powered by a generator, the mill will soon shift to producing its own power fuelled by bagasse and other feedstock. The power that will be generated in excess of the mill’s consumption will be sold to the grid. SCP-SIDA Meanwhile, individual sugarcane farmers from Negros Oriental and other sugar-producing regions stand to benefit from the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) – a continuing direct lending program that LANDBANK implements with the Sugar Regulatory Administration (SRA). Since SCP-SIDA was launched in 2018, 41 farmers in Negros Oriental have already availed of the Program, with several other applications currently being processed by SRA for endorsement to LANDBANK. At least 90 more farmers have also expressed interest in the Program, following orientations conducted by LANDBANK and SRA in the barangays of Manduao, Villasol, and Mabinay - all within a 10 to 15 kilometer-radius from the mill. Funded by the Sugar Regulatory Administration by virtue of RA No. 10659, SCP-SIDA is specifically designed to help improve the productivity and increase the income of individual sugarcane farmers, block farms, and common service centers through direct access to credit. As of August 13, 2019, LANDBANK already approved loans amounting to P126 million, benefiting 814 borrowers. “We will work doubly hard and we will continue to work closely with SRA and the DA (Department of Agriculture) to extend more loans under the Program. SCP-SIDA is just one of the programs by which we are pursuing a more focused and direct approach in lending to provide small farmers with direct access to credit,” said LANDBANK President and CEO Cecilia C. Borromeo.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (2nd from left) and other LANDBANK senior officials join Albay Representative Joey S. Salceda (3rd from left) and National Security Adviser Secretary Clarita R. Carlos (leftmost) at the Disaster and Climate Emergency Policy Forum on 22 September 2022, to discuss strategies and interventions to combat climate change. The Land Bank of the Philippines (LANDBANK) assures local development stakeholders of continued access to climate finance under the Green Climate Fund (GCF), in support of projects for climate change adaptation and mitigation. The state-run Bank expressed its continuous commitment in contributing to address the climate crisis at the Disaster and Climate Emergency Policy Forum on 22 September 2022, organized by the Local Climate Change Adaptation for Development (LCCAD), University of the Philippines Resilience Institute (UPRI), 4K Foundation, Komunidad Global, Albay Embassy and Climate Change Commission (CCC), in partnership with the House of Representatives and the Office of Albay Rep. Joey S. Salceda. “LANDBANK stands ready to extend necessary credit assistance to boost national and local resiliency and adaptive capacity to climate change. We are collaborating with various development partners, such as the GCF, towards building a more sustainable future,” said LANDBANK President and CEO Cecilia C. Borromeo. The GCF is an operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and Paris Agreement, dedicated to support global efforts to respond to the challenge of climate change. The program aims to help developing countries limit or reduce greenhouse gas (GHG) emissions and adapt to climate change, by supporting programs and projects that promote a paradigm shift to low-emission and climate-resilient development. As a Direct Access Entity (DAE) of the GCF, LANDBANK channels grants and loans provided by the GCF to finance local projects that aim to mitigate and adapt to climate change. The Bank leads the project development, management, monitoring and evaluation, in partnership with public and private entities. In April of this year, LANDBANK and the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAG-ASA) under the Department of Science and Technology (DOST) started the implementation of the very first GCF-approved project in the country. The GCF project titled, “The Multi-Hazard Impact-Based Forecasting and Early Warning System,” aims to shift from a traditional hazard-based to an impact-based forecasting and early warning system, to help the public take pre-emptive measures and improve disaster risk reduction in the long run. The project will benefit communities in the disaster-prone areas of Palo, Leyte; New Bataan, Davao de Oro; Tuguegarao City, Cagayan; and Legazpi City, Albay. LANDBANK is proposing for GCF approval eight other projects designed to promote climate change mitigation, adaptation and resiliency in the sectors of agriculture, health, transportation, renewable energy and energy efficiency, water resource management and ecosystem management. LANDBANK’s contribution to the GCF underscores its commitment to sustainable development and environmental protection, alongside facilitating the uninterrupted delivery of financial services to key economic development sectors. In his first address at the UN General Assembly on 21 September 2022 (Tuesday, September 20, New York Time), President Ferdinand R. Marcos, Jr. also urged developed countries to extend climate financing to countries that are most vulnerable to climate change.
READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.55 | 56.05 |
| JPY | 0.377079 | 0.391677 |
| EUR | 61.830814 | 64.229657 |
| GBP | 72.734752 | 75.556633 |
| HKD | 7.135926 | 7.668369 |
As of Wed, April 30, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558326 |
| Money Market Fund | 1.311473 |
| Money Market Plus Fund | 1.223865 |
| PERA Money Market Fund | 1.024157 |
| Medium-Term Bond Fund | 2.473735 |
| Bond Fund | 2.028301 |
| PERA Bond Fund | 1.202455 |
| Balanced Fund | 2.625609 |
| Growth Fund | 2.598945 |
| Alpha Equity Fund | 3.025756 |
| Blue Chip Equity Fund | 0.970814 |
| Equity Fund | 0.790417 |
| High Dividend Equity Fund | 1.009225 |
| US$ Money Market Fund | 1.432555 |
| Global $ Fund | 1.531474 |
