LANDBANK President and CEO Cecilia C. Borromeo (seated, 2nd from left) and Agriculture Acting Secretary William D. Dar (seated, 3rd from left) sign a MOA with LBP Lending Program Management Group Head/FVP Emellie Tamayo (seated, leftmost) and Agricultural Credit Policy Council (ACPC) Executive Director Jocelyn Alma Badiola (seated, rightmost), witnessed by Agrarian Reform Secretary John Castriciones (standing, 4th from left), with (standing, from left) Deputy Treasurer Atty. Erwin Sta. Ana, LBP Directors Jesus Hinlo Jr., Jaime Miralles, and Virgilio Robes Jr., Agriculture Undersecretary Atty. Francisco Villano Jr., and ACPC Deputy Executive Director Ramon Yedra (standing, rightmost). The Land Bank of the Philippines (LANDBANK) and the Department of Agriculture (DA), through the Agricultural Credit Policy Council (ACPC), signed on August 28, 2019 a Memorandum of Agreement (MOA) that would provide financial assistance to small farmers affected by the implementation of Republic Act No. 11203 also known as the Rice Tariffication Law (RTL). Acting Agriculture Secretary William D. Dar and LANDBANK President and CEO Cecilia C. Borromeo led the signing of the agreement to implement the Expanded Survival and Recovery Assistance Program (SURE Aid) for Rice Farmers, which will provide an immediate one-time loan assistance of P15,000, payable in 8 years, to rice farmers who are tilling one hectare of land and below, and whose incomes were affected by the drop of prices of palay this year. “We are trying to appraise the very predicament of the rice farmers affected by a complex set of issues, including the Rice Tariffication Law. But because of the falling prices of palay, we thought it necessary to look at every opportunity that is available for us. There are many more measures and this is one of them. We would like to get more ideas – measures that we need to implement right away,” said Secretary Dar, who is also Chairman of ACPC, an attached agency of DA. Under the agreement, LANDBANK will implement the SURE Aid Program by releasing the loans either through direct lending to farmers or through service conduits. For its part, DA-ACPC will set aside P1.5 billion for the Program and provide the Bank with the validated list of farmers eligible for the loan assistance, as well as the list of DA-identified service conduits. “We are very excited to be part of this very important Program that will cushion the initial impact of the lowering of the farm gate prices of palay because of the new rice tariffication regime. Please be assured that LANDBANK is fully on-board to work with you in making greater things happen for our farmers and fishers,” said President Borromeo. She also thanked Secretary Dar for his “very swift and solid move,” which she said was a clear sign of many great things to come in the agriculture sector. The MOA signing was witnessed by members of the LANDBANK Board of Directors led by Agrarian Reform Secretary John Castriciones, Atty. Jesus Hinlo Jr., Jaime Miralles, and Virgilio Robes Jr. They were joined by Agriculture Undersecretary Atty. Francisco Villano Jr., ACPC Executive Director Jocelyn Alma Badiola, ACPC Deputy Executive Director Ramon Yedra, Deputy Treasurer Atty. Erwin Sta. Ana, and LANDBANK Lending Program Management Group Head/FVP Emellie Tamayo.
READ MORELANDBANK First Vice President Randolph Montesa receives the “Asian Bank of the Year” award on behalf of the Bank from Dilip DS, Infinia Services and Solutions Business Director for South East Asia at the SMART Awards Asia 2016 gala ceremony in Singapore. LANDBANK was recognized for its financial inclusion efforts and support for farmers, agri- and aqua-businesses, and MSMEs. LANDBANK was named “Asian Bank of the Year” at the SMART Awards Asia 2016 for its financial inclusion efforts and support for farmers, agri- and aqua-businesses, and micro, small and medium enterprises. The awards ceremony took place during the gala dinner held as part of the Cards and Payments Asia 2016 conference in Singapore. LANDBANK First Vice President and Head of Cards and e-Banking Group Randolph Montesa received the award on behalf of the Bank. He also represented LANDBANK as a speaker in the conference, where he talked about “Promoting Financial Inclusion and Poverty Reduction through G2P (government-to-person) Electronic Payments.” SMART Awards Asia honors companies and individuals who have transformed their respective industries and provided real value back to their customers. The LANDBANK Mobile Loan Saver (LMLS) was also a finalist for the Best Mobile Banking Application.
READ MORELANDBANK was recognized as the "Green Bank Champion for Environmental Due Diligence" by the Bankers Institute of the Philippines (BAIPHIL).
READ MOREThe LANDBANK 2015 wall and desk calendars titled “The Beauty that Lies Within: A Look at Philippine Caves” received the Award of Merit at the Philippine Quill Awards 2015 conferred by the International Association of Business Communicators. The 2015 calendars won under the Communication Skills Division, Publications Category. The Philippine Quill is one of the country’s most prestigious awards for business communicators. This is the third award for the LANDBANK 2015 calendars. It won for Printwell, Inc., the 2015 wall calendar print service provider, the Print Excellence 2014 Award from Printing Industries Association of the Philippines, Inc. It also won for Studio 5 Designs, Inc., the creative service provider, the Award of Merit for design from Graphis Publications, an international award giving body that recognizes the best in design, advertising, photography and illustration.
READ MOREBSP Governor Amando M. Tetangco, Jr. (2nd from the left) and BAIPHIL President Liza L. Ortiz (2nd from the right), confer award to LANDBANK as Best Corporate Social Responsibility Project for Gawad Patnubay. LANDBANK Operations Sector Head/SVP Alan V. Bornas (center) received the award. Others in photo are BAIPHIL Chairperson of Special Projects Committee and Associate Life Member Maria Elena M. Ruiz (far left), and Chief Adviser of the Board Atty. Rhoneil S. Fajardo (far right). LANDBANK’s Gawad Patnubay Scholarship Program was adjudged as the Champion in the 2017 Best Corporate Social Responsibility (CSR) Project Award of the Bankers Institute of the Philippines, Inc. (BAIPHIL). This is the second award for the program after being named Outstanding Development Project – CSR Category by the Association of Development Financing Institution in Asia and Pacific (ADFIAP) in 2014. The Gawad Patnubay Scholarship Program, managed by LANDBANK’s Corporate Affairs Department, is a unique two-pronged scholarship program with an E2E Internship component for children of Agrarian Reform Beneficiaries (ARBs) taking up agriculture-related courses. The program covers the formal education or the four-year degree program in partnership with International Rice Research Institute (IRRI) and, informal education or skill-based training program in partnership with Pilipinas Association of Rural Families for Education and Development (PARFED). The E2E component is an internship program composed of a 10-week intensive internship where graduates will spend three weeks of lectures, seminars, and professional and personality development activities at the LANDBANK Head Office in Manila, and seven weeks of field work in LANDBANK or in different partner-institutions, such as the Philippine Rice Research Institution (PhilRice), Philippine Carabao Center (PCC), and HARBEST Agribusiness Corporation (HARBEST), etc., with the objective of securing agriculture-related jobs at the end of the program. LANDBANK established a unique funding scheme for the program wherein LANDBANK employees voluntarily donate a minimum of one hour’s worth of their salary during the last working day of the year. To date, a total of P14 million has been donated by LANDBANK employees nationwide. Since its inception in 2013, the Gawad Patnubay Scholarship Program has accepted 127 2nd to 4th year college students for both the formal and informal education programs, covering full subsidy for tuition fee, including monthly stipend, book allowance, thesis writing and uniform costs. A total of 22 scholars from the two batches of the formal education program have graduated and are now employed in LANDBANK and in other partner government and private institutions. With its initial success, the Gawad Patnubay Scholarship Program will be expanded to 17 more universities across the country starting this academic year 2017-2018, in line with its goal to encourage and equip more aspiring future agriculturists that can contribute in developing the agriculture sector of the country. LANDBANK Operations Sector Head and Senior Vice President Alan V. Bornas received the award on behalf of LANDBANK last March 11, during the closing ceremonies of BAIPHIL’s 29th National Convention in Tagaytay City. “This award is another affirmation of the positive impact of the Gawad Patnubay Scholarship Program, not only to the beneficiaries, but also to the effort to revive student interest in agriculture,” says Bornas.
READ MOREEffective October 6, 2019, LANDBANK’s new contact numbers will be: Customer Care Hotline: (02)8-405-7000 Trunkline Numbers: (02)8 -522-0000 and (02)8-551-2200 Our PLDT toll-free number will remain the same at: 1-800-10-405-7000 This is in compliance with the National Telecommunications Commission’s Memorandum Order 10-10-2017 directing all telcos to migrate telephone numbers to eight (8) digits from seven (7).
READ MOREFinancial Inclusion Forum in Aloguinsan, Cebu. (left photo, from L-R) Mayor Cesare Ignatius G. Moreno and LANDBANK President and CEO Cecilia C. Borromeo with farmer-availers of the ACEF loan program, namely: Apdebafi Paraiso, Jocelyn Lapiña, and Juanito and Vicente Secretaria. They are joined by LANDBANK Executive Vice President for Branch Banking Sector Joselito P. Gutierrez. (top right photo) LANDBANK’s Agent Banking Partner in Aloguinsan is LAMAC Multi-Purpose Cooperative, represented by General Manager Ma. Elena Limocon. The Land Bank of the Philippines (LANDBANK) continued the fourth year of its Financial Inclusion (FI) Forum in Aloguinsan, Cebu, in an event which gathered more than 500 attendees, majority of whom are farmers. Aloguinsan is a 4th class municipality in the western part of the province, where agriculture and fishing are major sources of livelihood. Prior to Aloguinsan, the previous three legs of this year’s series of FI Forums were held in the following underserved municipalities: Sto. Niño, Cagayan; Rizal, Palawan; and Libacao, Aklan. FI Forums will also be conducted in Mayantoc, Tarlac; Las Nieves, Agusan del Norte; Claveria, Misamis Oriental, and Polillo Islands, Quezon. The half-day forum dubbed “Ipon at Kabuhayan para sa ating Kababayan” featured modules on financial literacy and LANDBANK’s products and services, particularly its lending programs for farmers. Among the programs presented during the forum were the Agricultural Competitiveness Enhancement Fund (ACEF) and Accessible Funds For Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs). Farmers who availed the ACEF loan were recognized during the event, namely Apdebafi Paraiso, Jocelyn Lapiña, and Juanito and Vicente Secretaria. “This is part of LANDBANK’s efforts in bringing our products and services closer to the countryside. With this campaign, we hope to uplift the lives of our fellow Filipinos, especially farmers and fishers, by helping them improve their income through the proper management of finances,” said LANDBANK President and CEO Cecilia C. Borromeo. Launched in 2016, the FI Forum is an initiative of the Bank in line with its financial inclusion thrust of serving unbanked communities across the country. Since its launch, LANDBANK has helped bring over 10,000 underserved Filipinos under the umbrella of formal financial services from 28 municipalities. Also present in the event with LANDBANK President Borromeo were Aloguinsan Mayor Cesare E. Moreno, LANDBANK Executive Vice President for Branch Banking Sector Joselito P. Gutierrez, and other Bank officials. LAMAC Multi-Purpose Cooperative During the event, LANDBANK also formally launched its first Agent Banking partner in Aloguinsan under its Agent Banking Program. LANDBANK’s Agent Banking Program is targeted to further expand its reach in remote and unbanked areas without the Bank’s presence, through partnerships with client cooperatives, associations, SMEs, and private entities. Through the Program, LAMAC MPC can serve the public’s basic banking transactions such as Point-of-Sale (POS) Cash-Out, prepaid card sale, card reload/card refund/withdrawal, balance inquiry, and bills payment.
READ MORE(Seated) DTI Secretary Ramon M. Lopez (center), National Treasurer Rosalia V. De Leon (right) and LANDBANK Executive Vice President Liduvino S Geron (left) led the MOA signing, witnessed by (standing, L – R) LANDBANK Senior Vice President Ramon Monteloyola, DTI Assistant Secretary Mary Jean Pacheco, and BTr Deputy Treasurer Sharon Almanza. In their continuing efforts to improve and speed-up the delivery of government services, Land Bank of the Philippines (LANDBANK), the Department of Trade and Industry (DTI), and the Bureau of the Treasury (BTr) have signed a Memorandum of Agreement (MOA) allowing the online payment of business name registration and renewal fees through LANDBANK’s e-Payment facility, Link.Biz Portal. Trade and Industry Secretary Ramon M. Lopez, BTr National Treasurer Rosalia V. De Leon, and LANDBANK Executive Vice President Liduvino S. Geron, representing LANDBANK President and CEO Cecilia C. Borromeo, led the signing ceremony held on September 27, 2019 at the Ayuntamiento Building in Intramuros, Manila. “This is aligned with the mandate of the President, who has always mentioned that the ‘Ease of Doing Business’ should be a primary concern. This is to address long queues and delays in the processing of government services to make business transactions easier for the public,” said Secretary Lopez. Under the agreement, LANDBANK cardholders may now pay the corresponding fees online through the Link.Biz Portal and avoid long queues. The online payment facility, along with the DTI’s Business Name Registration System Next Generation or BNRS Next Gen (an online platform where the public could register and renew their business names), aims to make the process more convenient and efficient. The Link.Biz Portal is an e-Payment facility where LBP cardholders can pay for products and services of both government and private institutions via the internet. Now with more than 600 merchants on board, secure transactions can be made by the public 24/7, anytime, anywhere, even at the comfort of their own homes. “The opening of other payment channels such as the Link.Biz Portal is part of LANDBANK’s dedication in serving more Filipinos, and providing them with more options which enable convenient transactions,” said LANDBANK Executive Vice President Geron. The initiative is part of the government’s efforts in responding to President Rodrigo Roa Duterte’s mandate of providing the public simpler and more convenient transactions with the government, under the the Republic Act No. 11032 also known as the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018”. “Electronic payment systems can allow Filipinos to transact with the government in a convenient and cost-effective manner,” said National Treasurer De Leon.
READ MOREThe Land Bank of the Philippines is taking steps to make its direct lending programs more accessible and affordable for small farmers and fishers (SFFs), in line with its aggressive drive to intensify support to the sector. “We understand that applying for loans can be intimidating, especially for small farmers and fishers, so we have started making basic improvements in our processes to make it easier for them to avail of loans,” said LANDBANK President and CEO Cecilia C. Borromeo. Among the basic enhancements which the Bank made is the simplification of the loan application form, which has been condensed into one document – from what used to be three separate documents (i.e. Application Form, Sworn Statement/Attestation, and Data Privacy Consent). Completing the form is also now more straightforward with mostly tick boxes, to make it easier for farmers and fishers. The promissory note which used to be a 14-page document has also been simplified and shortened to one page. Basic documentary requirements have likewise been trimmed down. SFF borrowers of the Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program, for instance, will only need to submit a loan application form, a simple farm plan, and barangay clearance. More affordable The Bank also made its programs more affordable by standardizing the interest rates at 5% per annum for most direct lending programs for SFFs. These include the Accessible Funds for Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs) Program, which provides loans to finance production of rice, corn, and high-value crops, as well as the acquisition of small farm implements. Retail lending programs for SFFs that the Bank administers for the Department of Agriculture also now have interest rates fixed at 2% p.a. These include the ACEF Lending Program and the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) funded by the Sugar Regulatory Administration. Also available at an interest rate of 2% p.a. is the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF). Under the Program, LANDBANK will lend up to P500 million annually for the next six years to rice farmers registered in the Registry System on Basic Sectors in Agriculture or RSBSA, and to DA-accredited cooperatives. For on-lending by cooperatives under ERCA-RCEF, interest rate is at 0% p.a., as long as effective pass-on rate to end borrowers is not higher than 6% p.a. Faster Processing of loan applications is also quicker – with average turn-around time of just one day as against the maximum 10-days commitment to the Governance Commission for GOCCs. This is provided that the borrower submitted complete documents and credit/background investigation is favourable. “This is just the beginning as we are actively looking for ways to further improve the loan application process for our farmer and fisher borrowers. Through these efforts, we hope to encourage them to go to LANDBANK instead of borrowing from informal lenders who charge significantly higher rates,” Borromeo added.
READ MOREPlease be advised of the new method of computing finance charges/ interest on your LANDBANK Mastercard Credit Card. Click here for the sample computation. Thank you.
READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.4 | 55.9 |
| JPY | 0.376062 | 0.390629 |
| EUR | 61.664004 | 64.057767 |
| GBP | 72.538526 | 75.35443 |
| HKD | 7.116675 | 7.647847 |
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 |
