PSALM President and CEO Dennis Edward A. Dela Serna (2nd from right), LANDBANK President and CEO Lynette V. Ortiz (rightmost), and DBP President and CEO Michael O. de Jesus (3rd from right) lead the ceremonial signing for the P110-billion syndicated loan for PSALM on 30 July 2024 in Quezon City, witnessed by Assistant Government Corporate Counsel Judge Basilia Serrano-Angeles (leftmost). Land Bank of the Philippines (LANDBANK) has extended the majority of the P110-billion syndicated loan facility to state-owned Power Sector Assets and Liabilities Management (PSALM) Corporation in support of strengthening and enhancing the competitiveness of the country’s local power industry. LANDBANK committed to financing P60 billion of the total facility amount. The proceeds will be used by PSALM to augment its working capital requirements, refinance existing liabilities, and settle domestic contractual obligations. “LANDBANK has a long-standing history of supporting the National Government’s electrification initiatives, with our loan portfolio encompassing a wide range of energy-related projects. We will continue to support PSALM in addressing the energy needs of the country today and in the future,” said LANDBANK President and CEO Lynette V. Ortiz. PSALM President and CEO Dennis Edward A. Dela Serna, together with LANDBANK President and CEO Ortiz and Development Bank of the Philippines (DBP) President and CEO Michael O. de Jesus, led the ceremonial signing for the Php 110.0 billion syndicated term loan facility agreement on 30 July 2024 in Quezon City. Assistant Government Corporate Counsel Judge Basilia Serrano-Angeles witnessed the event. “We express our heartfelt gratitude to LANDBANK, DBP and OGCC for their continued support in attaining PSALM’s financial objectives. PSALM’s liability management program has presented significant challenges as we strive to fulfill our mandate of liquidating the financial obligations we have assumed. This syndicated loan provides additional financial support to PSALM, ensuring our continued progress and assist our asset management and privatization strategies,” said PSALM President and CEO Dela Serna. “With this loan, we are projecting a net reduction of PHP12.9 billion in our financial obligations for CY 2024,” he added. LANDBANK and DBP acted as the Joint Lead Arrangers for the syndicated deal, with the DBP - Trust Banking Group as the Facility and Paying Agent, and the Office of the Government Corporate Counsel (OGCC) as the Transaction Counsel. PSALM is a wholly-owned and controlled government entity mandated under the Electric Power Industry Reform Act (EPIRA) to take over the ownership of all existing generation assets of the National Power Corporation (NPC), independent power producer (IPP) contracts, real estate, and all other disposable assets, including the transmission business of the National Transmission Corporation (TransCo). The agency also manages the orderly sale and privatization of these assets with the objective of liquidating all of NPC's financial obligations in an optimal manner. LANDBANK has been a steadfast partner of PSALM since 2008, providing essential financing in support of its mandate under the EPIRA law. The Bank also continues to service the development requirements of the energy sector, including other industry players such as large oil companies, power producers, and distribution utilities. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MORELand Bank of the Philippines (LANDBANK) welcomed the recent issuance of Executive Order No. 65, which authorizes the merger of the LANDBANK Leasing and Finance Corporation (LLFC) and UCPB Leasing and Finance Corporation (ULFC). President Ferdinand R. Marcos Jr. signed EO 65 on 6 August 2024, which effectively merges the two leasing and finance corporations, with LLFC as the surviving entity. Both LLFC and ULFC are subsidiaries of LANDBANK, with the latter becoming a subsidiary upon the merger of LANDBANK and the United Coconut Planters Bank (UCPB) in 2022. “Given the similar product and service offerings, this synergy will enhance LANDBANK’s leasing and financing market power and reach. The move is also consistent with the national government’s streamlining to address duplication of functions, and organizational right-sizing to reduce the demand on government resources such as personnel and infrastructure, among others,” said LANDBANK President and CEO Lynette V. Ortiz. The merger positions LLFC to better support the national government’s development agenda, with its strengthened capital base and improved operational capacity. The state-run Bank also assured the clients of LLFC and ULFC that the merger will be smooth and orderly—with customer servicing unhampered—and conducted with the welfare of all stakeholders in mind. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MOREBangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (leftmost) and Deputy Governor Bernadette Romulo-Puyat (rightmost) present a plaque of recognition and a special token to Land Bank of the Philippines (LANDBANK) President and CEO Lynette V. Ortiz (center), along with Executive Vice Presidents Liduvino S. Geron (2nd from right) and Leila C. Martin (4th from right), during the 2024 Outstanding BSP Stakeholders Appreciation Ceremony on 02 August 2024 at the BSP Head Office in Manila. LANDBANK was recognized for its strong support in the circulation and usage of the 1000-Piso polymer banknotes. The state-run Bank was also lauded for its vital role as the distribution arm of the National Government’s social welfare programs, ensuring the timely, safe, and efficient disbursement of cash aid to Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MOREQatar Airways Save up to 10% on your next Qatar Airways flight Rediscover the world and experience an unforgettable adventure to incredible destinations. Mastercard cardholders enjoy a special discount to explore many of the destinations you have been waiting to visit. Simply use the promotional code MASTERCARD online to save up to 10% on your next Qatar Airways flight. Offer applicable for departures from: Australia, New Zealand, Japan, South Korea, Hong Kong, China, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, India, Bangladesh, Nepal, Sri Lanka, Pakistan, Cambodia. Terms & Conditions a. Promotion Period: 1 November 2023 – 31 August 2024 b. Travel Period: November 1, 2023 – 31 December, 2024. c. Terms of Promotion: 1. The blackout periods for travel in respect of the offer shall apply as per the prevailing Qatar Airways fare terms and conditions. 2. For Qatar Airways operated flights originating from these markets: 3. Australia, New Zealand, China, Hong Kong, Japan, South Korea, Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Nepal, Pakistan, Sri Lanka. 4. Offer valid on Qatar Airways operated flights only (not applicable on any interline or codeshare flights) to destinations in Africa, Europe, the Indian sub-continent, the Middle East, North America and South America within the Qatar Airways network. 5. Destinations may be subject to change due to operational requirements. Please review applicable destinations at the time of booking on www.qatarairways.com/mastercardap or via Qatar Airways mobile app.” 6. Saving applies to base airfare fare only. 7. Saving does not apply to taxes, surcharges and all other standard market surcharges. 8. Purchases can only be made through www.qatarairways.com by entering the promotional code MASTERCARD at the time of booking. 9. Payment must be made with an eligible Mastercard by a Mastercard issuing bank in Asia Pacific. 10. All-in fares include all taxes, fees, and surcharges which are subject to currency fluctuation. 11. Peak period surcharges may apply. 12. Qatar Airways will not be responsible for any fare differences if customers fail to enter the given promo code at the time of booking. 13. Flights eligible for the saving are clearly marked with a sales tag beside them. Please ensure only flights eligible for the saving are selected when booking. 14. Fares displayed will already include the applicable savings. 15. Customers who did not receive a saving, cannot be credited retrospectively. 16. Valid for return and one-way fares. 17. 10% discount on base fare amount in Business Class will apply to booking classes: D, I (Business Comfort) 18. 7% discount on base fare amount in Business Class will apply to booking classes: R (Business Classic) 19. 10% discount on base fare amount in Economy Class will apply to booking classes: N, S, V, L, M, K (Economy Convenience) 20.7% discount on base fare amount in Economy Class will apply to booking classes: O, T, Q (Economy Classic) 21. The following booking classes are excluded from this offer: Y, B, H (Economy Comfort), W (Economy Lite), P (Business Lite), C, J (Business Elite) and F, A (First Elite). 22. For Australia and New Zealand Cardholder Bookings Only: A credit card transaction fee of 1.5% applies in selected markets, with a maximum of AUD $80 per person for bookings in Australia and NZD $80 per person for bookings in New Zealand. There is no charge for debit cards and other forms of payment. 23. Full payment must be made via eligible Mastercard cards only. 24. Not valid in combination with any other promotion or any other market fares. 25. Changes and cancellation: see detailed fare rules at the time of booking. 26. Seats are limited and might not be available on all flights, and are subject to availability in the respective booking class at the time of booking. 27. Customers may use this offer more than once during the offer period. 28. Minimum Stay / Maximum Stay - Depends on the class booked. Please review at the time of booking. 29. For full terms and conditions, please review detailed fare rules at the time of booking. This is only eligible for cards issued in Australia, New Zealand, China, Hong Kong, Japan, South Korea, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Maldives, Nepal, Sri Lanka, Cambodia
READ MOREPROMO MECHANICS The offers apply to new and existing customers of FlowerStore.ph and Potico.ph with LANDBANK Visa Debit Cards The offers are valid for multiple uses with no minimum spend. All transactions must be within the promo period. The promo is not valid in conjunction with any ongoing promos of the principals. The offers are non-transferable and cannot be converted to other items such as, but not limited to, cash, credit, or gift certificates. Free same-day delivery areas include Metro Manila, Cainta, Taytay, and selected areas of Antipolo, Cebu, and Davao. The Cardholder’s use of the FlowerStore.ph and Potico.ph’s shop shall be governed by the terms and conditions of FlowerStore.ph and Potico.ph. Any dispute concerning the performance and/or delivery of services related to the promo offer/s shall be settled directly between the Cardholder and the principal. The Terms and Conditions governing the issuance and use of LandBank Credit and Debit Cards are incorporated herein by reference and made an integral part hereof. HOW TO AVAIL Open the FlowerStore.ph mobile app or Potico.ph website. Sign in or log in to your account. Select DELIVER TO and choose your City + Barangay. Select item/s you wish to purchase. Choose the preferred delivery date & time slot available. Click Buy Now, or Add to Cart to choose multiple items. Upon checkout, fill out all necessary Sender & Recipient details. Type in a message and delivery instructions (if any). Click Go to the Payment. Choose Credit/Debit Card as payment method. Enter LANDBANK card details. Enter the applicable voucher code and hit the APPLY button. Click Complete Order.
READ MORELand Bank of the Philippines (LANDBANK) was recently honored as Top Government Employer under the National Government category during the Home Development Mutual Fund Stakeholder Accomplishment Report (Pag-IBIG StAR) in the National Capital Region, for having the most number of employees who voluntarily raised their contributions in 2024. LANDBANK Executive Vice President Alan V. Bornas (3rd from right) accepted the citation from Pag-IBIG CEO Marilene C. Acosta (center), alongside Deputy Chief Executive Officer Benjamin R. Felix Jr. (3rd from left), Senior Vice President Atty. Marie Antoniette D. Diaz (2nd from right), and Vice Presidents Perlacita A. Roldan (rightmost), Florencio Pedro O. Galang Jr. (leftmost), and Atty. Marciano C. Pimentel Jr. (2nd from left). (photo courtesy of Pag-IBIG Fund)
READ MORETo address urgent financial needs during emergencies, Land Bank of the Philippines (LANDBANK) has expanded its available loan packages for businesses and individuals affected by calamities and natural disasters to help facilitate and fast-track rebuilding efforts. Under the enhanced LANDBANK CARES+ (Community Assistance and REintegration Support Plus) Lending Program, affected farmers and fishers, cooperatives, micro, small and medium enterprises (MSMEs), corporations, and electric distribution utilities may access loans to finance their recovery and restore regular business operations. Eligible borrowers may use the funds for working capital, capital expenditures, and the construction, repair or acquisition of disaster-damaged equipment, facilities and structures. Electric distribution utilities can also use the loan as short-term working capital for the incremental increase in generation and distribution expenses. “We want to boost the ability of our clients and partners to recover quickly from calamities and disasters. We have expanded our accessible financial support interventions to help build resilience and expedite response and rehabilitation efforts,” said LANDBANK President and CEO Lynette V. Ortiz. For employees of government agencies and companies with LANDBANK payrolls, the state-run Bank is also offering Electronic Salary Loan (eSL) that provides convenient and quick access to funds. Eligible borrowers can apply for the eSL online via the LANDBANK website, iAccess, or Mobile Banking App (MBA), with loan proceeds directly credited to their accounts. Existing eSL borrowers who have maintained good payment standing for at least three months can also quickly renew their loans. The Bank will also soon introduce its new “EasyCash for Emergencies” feature for LANDBANK credit cardholders, which allows clients to convert their available credit limits into emergency cash with flexible repayment options of up to 36 months. Eligible cardholders will receive an SMS and email from LANDBANK confirming their eligibility for the credit limit conversion, and the funds will be credited to their LANDBANK deposit account. Customers may also call the Bank’s Customer Care to request for the cash conversion. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MORELANDBANK President and CEO Lynette V. Ortiz (3rd from right) and Prime Infra President and CEO Guillaume Lucci (4th from right) ink a P5-billion loan agreement to partially fund Prime Infra’s projects across its core sectors. Joining them are Prime Infra Chief Finance Officer Sandy Alipio (5th from right) and Treasury Head Emma Villa del Rey (leftmost), alongside LANDBANK Executive Vice President Ma. Celeste A. Burgos (2nd from right), and Senior Vice President Lucila E. Tesoreso (rightmost) as witnesses. Land Bank of the Philippines (LANDBANK) has approved a P5-billion loan to Prime Infrastructure Capital, Inc. (Prime Infra) to bolster its sustainability projects, marking the first partnership between the two institutions. The P5 billion loan facility will be utilized to partially finance working capital requirements of Prime Infra’s pipeline projects across its core sectors — water, sustainable energy, and waste management and sustainable fuels. This financing aligns with LANDBANK’s commitment to advancing sustainability initiatives and promoting sound environmental management. LANDBANK President and CEO Lynette V. Ortiz and Prime Infra President and CEO Guillaume Lucci formalized the loan agreement on 4 September 2024 at the Three E-Com Center in Pasay City. They were joined by Prime Infra Chief Finance Officer Sandy Alipio, Treasury Head Emma Villa del Rey, and Treasury Manager Kaila Almendarez, together with LANDBANK Executive Vice President Ma. Celeste A. Burgos, Senior Vice President Lucila E. Tesoreso, and Vice President Jell B. Ong. “We are excited to embark on this new partnership with a recognized leader in building critical and socially relevant infrastructure. Our common goal of enhancing lives and fostering resilient economies makes this loan facility a truly mutually beneficial endeavor,” said LANDBANK President and CEO Ortiz. LANDBANK’s financial support will enable Prime Infra to accelerate its initiatives in critical infrastructure sectors, thereby contributing to the country’s economic growth and environmental resilience. “This partnership with LANDBANK is a significant step forward in our commitment to developing sustainable and resilient infrastructure. It will enable Prime Infra to further accelerate the progress of our projects in sustainable energy, water supply, and waste management,” said Prime Infra President and CEO Lucci. This significant financing deal reaffirms LANDBANK’s role as a key partner in driving sustainable development and supporting projects that align with the country’s environmental and economic goals. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MOREIt's going to be a flowery 9.9! Surprise your loved one with a stunning bouquet this 9.9! #SHOPwithLANDBANK and use your LANDBANK Visa Debit Card for exclusive discounts. Score a 25% discount plus free shipping when you use the code “LANDBANK99” on the Flowerstore.ph App! Avail the promo with 4 easy steps: Download and open the FlowerStore.ph mobile app. Sign in or create an account. Select your items and proceed to checkout. Enter the code: LANDBANK99 to enjoy your discount. Promo runs from 09 until 12 September 2024. T&Cs apply. Per DTI Fair Trade Permit No. FTEB-188248 Series of 2024. Regulated by the Bangko Sentral ng Pilipinas.
READ MORE#SHOPwithLANDBANK and make gift-giving extra special! Get 25% off + free shipping on your Potico.ph order when you use your LANDBANK Visa Debit Card! How to avail the promo: Open Potico.ph and log in or create an account. Select your City + Barangay under DELIVER TO. Choose your favorite items and add them to your cart. At checkout, enter the code: LANDBANKP099 to enjoy your discount! Promo runs from September 9 to 12, 2024 Discount capped at ₱250. Free same-day delivery in select areas! T&Cs apply. Per DTI Fair Trade Permit No. FTEB-188248 Series of 2024. Regulated by the Bangko Sentral ng Pilipinas.
READ MOREAs of Fri, August 1, 2025
| Buying | Selling | |
|---|---|---|
| USD | 58 | 58.5 |
| JPY | 0.380722 | 0.395403 |
| EUR | 65.512202 | 68.029015 |
| GBP | 75.782551 | 78.693924 |
| HKD | 7.386916 | 7.935183 |
As of Thu, July 31, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.574664 |
| Money Market Fund | 1.324039 |
| Money Market Plus Fund | 1.236451 |
| PERA Money Market Fund | 1.031509 |
| Medium-Term Bond Fund | 2.490768 |
| PERA Bond Fund | 1.217318 |
| Balanced Fund | 2.69391 |
| Growth Fund | 2.638311 |
| Alpha Equity Fund | 3.12469 |
| Blue Chip Equity Fund | 0.967652 |
| Equity Fund | 0.816179 |
| High Dividend Equity Fund | 1.043178 |
| US$ Money Market Fund | 1.443192 |
| Global $ Fund | 1.554514 |
| Bond Fund | 2.049094 |
