Barili Mayor Julieto N. Flores (2nd from left), Barili Vice Mayor Luisito L. Ponsica (4th from left), Barili Municipal Treasurer Gamaliel S. Riconalla (1st from left) and LANDBANK Cebu South Lending Center Head, Vice President Allan R. Bisnar (3rd from left) sign a P200-million loan agreement to put-up a modern municipal public market. BARILI, Cebu – The Land Bank of the Philippines (LANDBANK) and the Municipal Government of Barili recently inked a P200-million loan agreement to finance the construction of a modern public market that will support the livelihood of agricultural producers in the municipality. The LANDBANK loan will be used to replace the existing dilapidated public market with a new infrastructure that will be divided into three major structures. Two buildings will accommodate the dry goods section, while another building will house vegetables, fruits, and wet goods such as meat and fish. There will also be a covered parking area on the second floor. The new public market is expected to benefit 5,222 farmers and 1,900 fishers in the area with a more conducive and spacious venue to sell their produce. “LANDBANK fully supports initiatives that promote the growth and development of local entrepreneurs and agri-producers. We are one with our local government partners in ramping-up efforts towards serving their constituents and building stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. Barili Mayor Julieto N. Flores is banking on the new public market to boost economic activity and attract more investments in the 2nd class Municipality, as more business establishments recover from the impact of COVID-19. “We will demolish the old Barili public market and construct the modern public market within one year, and we thank LANDBANK for supporting our plans and programs for the development of our Municipality as we recover from the pandemic,” said Barili Mayor Flores. In 2019, LANDBANK also financed the construction of the Mantalongon Livestock Auction Market for the traders in the locality, as well as from the neighboring provinces of Negros Oriental and Leyte. The Mantalongon Livestock Auction Market is currently the biggest livestock auction market in Cebu and the whole of Visayas. LANDBANK continues to extend necessary credit assistance to local government units (LGUs) to spur recovery and inclusive economic development in the countryside. As of November 2021, LANDBANK has extended P63.96 billion in outstanding loans to LGUs nationwide.
READ MOREDespite 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) has onboarded 7.2 million unbanked Philippine Identification System (PhilSys) registrants as of 31 December 2021, in line with its contribution to advance greater financial inclusion in the country. The onboarding is a result of LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA) at hundreds of registration sites nationwide for the PhilSys Project, where qualified unbanked registrants are provided with their own transaction accounts free-of-charge and with no initial deposit requirement. Of the 7.2 million onboarded national ID registrants nationwide, 1.6 million are from Central Luzon, 1.4 million from Eastern Mindanao, 1.2 million from Eastern Visayas, and 1.1 million from Western Visayas. “LANDBANK remains committed to reaching more of the unbanked population in support of the National Government’s financial inclusion agenda. We have so far made significant headway in bringing unbanked PhilSys registrants into the formal banking system, as we continue our strategic and fruitful partnership with the PSA,” said LANDBANK President and CEO Cecilia C. Borromeo. The carded PhilSys registrants have already utilized their LANDBANK prepaid cards for various transactions amounting to P86.1 million. These include loading cash into their accounts, withdrawals at Automated Teller Machines (ATMs), and making payments via point-of-sale (POS) terminals and online, among others. Unbanked PhilSys registrants may sign up for LANDBANK transaction accounts once they complete the ongoing PhilSys Step 2 registration process, which covers validating supporting documents and capturing biometrics information. Meanwhile, the state-run Bank clarified anew that the LANDBANK prepaid cards being issued to unbanked national ID registrants are not pre-loaded with government subsidy or ‘ayuda’, in response to fake news circulating in social media. LANDBANK reaffirms its support to the National Government’s target of providing at least one bank account for every Filipino household equivalent to 13.5 million accounts throughout the whole co-location partnership with the PSA.
READ MOREThe Land Bank of the Philippines (LANDBANK) clarifies that its systems were not hacked and remain secure, following reports that alleged unauthorized transactions were experienced by two teachers who maintain payroll accounts with LANDBANK. According to the initial investigation by LANDBANK, the devices of the teachers were hacked via phishing which compromised their personal information. The Bank has already reached out to the affected customers and is working on the resolution of these isolated cases at the soonest possible time. LANDBANK assures customers that their accounts and personal information remain safe, as the Bank maintains the highest level of security in all its systems. The Bank also advises the public to remain vigilant against phishing scams and all other forms of online banking fraud. LANDBANK reminds its customers to refrain from opening suspicious emails, links and attachments, and sharing your account and personal information. Official LANDBANK representatives will never ask for the critical financial information of customers. To report fraudulent activities, LANDBANK customers may contact their respective handling Branch or the LANDBANK’s Customer Care Hotline through (02) 8-405-7000 or 1-800-10-405-7000, or via email at customercare@mail.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) is welcoming the impending investigation by the National Bureau of Investigation (NBI) on the alleged phishing schemes victimizing teachers, following a Department Order issued by the Department of Justice (DOJ) for the NBI to immediately intervene on the matter. LANDBANK President and CEO Cecilia C. Borromeo said the state bank is also coordinating with the Department of Education (DepEd) for the list of teachers who were reportedly victimized through phishing, as LANDBANK conducts its own investigation into their accounts. “We will actively participate in this investigation and extend full cooperation to the NBI with the end in mind of further securing our depositors’ hard-earned money. We are also reaching out to the affected teachers and conducting an internal investigation on their complaints. In the meantime, we assure our clients and the general public that LANDBANK’s systems remain stable and secured,” said Borromeo. Meanwhile, LANDBANK said part of the security measures it is implementing is the use of the client’s mobile number to receive One-Time Passwords (OTPs) in authenticating digital financial transactions when using the LANDBANK Mobile Banking App or iAccess, instead of email. The Bank said clients with outdated mobile phone numbers linked to their online banking accounts must update their phone number with LANDBANK. They are advised to visit the iAccess website, download and fill-out the enrollment form, and send the completed form to their branch of account with a copy of a valid ID. They may also use the self-service option found in the iAccess to update their iAccess profile. Once again, LANDBANK advised the public to remain vigilant against phishing scams and all other forms of online banking fraud, and to refrain from opening suspicious emails, links and attachments, and sharing of account and personal information. To report fraudulent activities, LANDBANK customers may contact their respective handling Branch or the LANDBANK’s Customer Care Hotline through (02) 8-405-7000 or 1-800-10-405-7000, or via email at customercare@mail.landbank.com.
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 MOREState-owned Land Bank of the Philippines (LANDBANK) wrapped up 2021 by further expanding touchpoints in key strategic areas nationwide, as part of its thrust of promoting greater financial inclusion and providing a more delightful banking experience to customers. LANDBANK’s total branch network reached 489 branches and branch-lite units across all 81 provinces nationwide as of 31 December 2021. The Bank also has the second largest automated teller machine (ATM) network in the country with 2,513 ATMs, complemented by 222 cash deposit machines (CDMs) for safe and convenient cash withdrawals and deposits. “Amid the increasing usage of online banking under the new normal, LANDBANK branches and other physical touchpoints remain equally important in servicing our customers. With our aggressive network expansion, we also ensure that health protocols are strictly followed in all our facilities for the safety of our clients and employees,” said LANDBANK President and CEO Cecilia C. Borromeo. Last year, LANDBANK, the only Bank present in all provinces in the country, opened a total of 15 branches and branch-lite units, composed of seven branches, one branch-lite, five agri-hubs and two mobile branches. A total of seven new LANDBANK branches were inaugurated in Bunawan, Agusan del Sur; Paranas, Samar; Real, Quezon; La Carlota City, Negros Occidental; Poro, Cebu; and M’lang and Libungan in Cotabato, as well as a LANDBANK branch-lite unit in Sta. Ana, Cagayan. Five LANDBANK Agri-Hubs were opened in Sta. Maria, Ilocos Sur; Rizal, Nueva Ecija; Bago City, Negros Occidental; Baggao, Cagayan; and Candaba, Pampanga, to bring financial and technical services closer to farmers and other agriculture stakeholders. Located strategically in the top rice-producing provinces in the country, the LANDBANK Agri-Hubs provide banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns from landowners, bondholders, and agrarian reform beneficiaries (ARBs). The Bank also added three Lending Centers in Tandag, Surigao del Sur; Kalibo, Aklan; and La Trinidad, Benguet, for a total of 58 Lending Centers nationwide. LANDBANK Lending Centers provide accessible financial services and affordable credit assistance to various sectors, notably local government units (LGUs), small and medium enterprises (SMEs), ARBs, and small farmers and fishers for agriculture production, equipment acquisition, and working capital. To reach more unbanked and underserved communities, LANDBANK also rolled out two units of mobile branches housed in six-wheeler trucks. These units are to be deployed in areas with disrupted banking services and for emergency disbursements or cash subsidy payouts under the social amelioration programs of government agency partners.
READ MOREThis February, let’s share the love by investing in the latest Retail Treasury Bonds tranche 27 (RTB-27) offered by the Bureau of the Treasury (BTr)! Sa panimulang halaga na Php5,000.00, for sure secured ka at siguradong mapapasaya ka dahil mapupunta ang iyong mga funds sa paghilom ng ating bansa mula sa pandemya! Invest from February 15 to 28, 2022 thru LANDBANK Branches, OFBank Mobile Banking App (MBA), LANDBANK MBA or thru the BTr Online Ordering Facility at www.treasury.gov.ph. Issue date is on March 4, 2022.
READ MORE(Seated) MEDICUM The Medical Center, Inc. (MTMCI) Chairman Dr. Danilo A. Domingo (center), President and CEO Dr. Rita M. Dong-as (right), and LANDBANK CAR Lending Center Head Ramon Francisco P. Badiola (left) lead the signing of a P300-million loan agreement to finance the construction of a hospital building with modern medical facilities in Tabuk City on December 15, 2021. They are joined by members of the MTMCI Board of Directors and LANDBANK Account Officer Francis T. Buen (standing, leftmost; proper health protocols were observed). TABUK CITY, Kalinga – To provide reliable and quality healthcare services amid the ongoing COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) and MEDICUM The Medical Center, Inc. (MTMCI) have signed a P300-million loan agreement for the construction of a hospital building and support facilities with modern medical equipment in Tabuk City. The new hospital will be completed next year and will be located strategically along the provincial road within the city’s commercial hub. It will start operations by early 2024 and will cater to the healthcare needs of Tabuk City residents, as well as the 16 municipalities and neighboring provinces of Kalinga, with a combined population of nearly 490,000. “In line with LANDBANK’s thrust of extending essential services is the delivery of critical financial support to private healthcare providers. We remain committed to working with various partners to boost the local healthcare industry and provide accessible, quality healthcare services to Filipinos,” said LANDBANK President and CEO Cecilia C. Borromeo. The four-story MTMCI hospital building will feature a capacity of 100 beds, complemented by separate cadaver and waste holding buildings. As a Level II hospital, it will be equipped with modern medical equipment, such as a CT-scan machine, laparoscopy set, radiographic and fluoroscopic X-ray TV system, 2D echo system, and color ultrasound system, among others. The MTMCI hospital will also increase the number of available beds in the target service area by 100 and help improve the projected bed to population ratio from 0.61:1000 to 0.78:1000—closer to the World Health Organization’s prescribed 1:1000 hospital bed availability. “Aside from catering to the health needs of our people, this project will also help in the economic development of the city and province by providing added employment opportunities to our people, more taxes paid, and other benefits. We are so grateful to LANDBANK for granting us the much-needed loan to help bring about the success of our dream health facility,” said MTMCI President and CEO Dr. Rita M. Dong-as. LANDBANK continues to support micro, small and medium enterprises (MSMEs) across the country to spur recovery and inclusive economic development. As of end-December 2021, the Bank’s outstanding loans to MSMEs have reached P40.04 billion.
READ MORE(Left) Farmers receive free farm inputs through the assistance of the Progressive Women Agrarian Reform Cooperative (PWARC) and the Department of Agrarian Reform (DAR). (Right) PWARC was officially established in 1999, with the co-op’s headquarters located in the Municipality of Dumarao, Capiz. DUMARAO, Capiz – The Progressive Women Agrarian Reform Cooperative (PWARC) has grown from a small organization in this remote Capiz town, into a successful and thriving cooperative that provides financial access to support its farmer-members. In 1998, PWARC was initially formed by 20 female founding-members from Barangay Gibato in this 2nd class municipality. It began as a modest savings group, offering financial services to the town’s residents with only P3,200.00 as starting capital. Soon after, the cooperative started to accept Agrarian Reform Beneficiaries (ARBs) and male farmers as members and was officially registered as a cooperative in 1999. With PWARC’s membership steadily growing over the years, the co-op turned to the Land Bank of the Philippines (LANDBANK) in 2015 and applied for a total P20-million loan line to finance the launch of their relending services to farmer-members in need of additional cash for agricultural production. Of this amount, the co-op utilized P16.65 million as a rediscounting line to finance salary, emergency, and negosyo loans for members, which now include small and medium enterprises (SMEs). “Through LANDBANK, we are able to extend financial assistance to our members at affordable interest rates. This helps our members earn more since they don’t have to turn to private lenders who can charge an interest rate of up to 20%,” said PWARC Chairwoman Cecilia G. Ibabao. In addition to financing, PWARC also serves as a guaranteed market for some of its members’ produce. The harvest of calamansi farmer-members are purchased by the co-op for its calamansi juice product line, under the brand name “Golden”. The co-op credits LANDBANK’s assistance to be instrumental in helping it grow to more than 3,500 members today—of whom around 80% are farmers. “LANDBANK continues to finance the requirements of agricultural cooperatives to help increase the production and income of their members. Amid the prevailing challenges of the pandemic, access to agri credit is key to sustain the operations of our partner-cooperatives and ensure food security in the country,” said LANDBANK President and CEO Cecilia C. Borromeo. Of the P20 million LANDBANK loan, PWARC allotted P3.35 million to offer relending services for their ARB-members’ palay and corn production under the Agrarian Production Credit Program (APCP), a joint program implemented by LANDBANK, the Department of Agriculture (DA), and the Department of Agrarian Reform (DAR). Through the APCP, PWARC ARB-members can avail of production loans with an interest rate of as low as 2% per annum. "Malaki ang naitulong sa akin at sa aking pamilya ng loan ko mula sa PWARC. Nagamit ko ito para sa aking pag-aalaga ng baboy, pambili ng seeds at pataba para sa aking mga pananim na gulay, at pati na rin sa pag-aaral ng aking mga anak,” said Norberto Pindo, a farmer-member of PWARC. LANDBANK remains steadfast in fulfilling its commitment of delivering intensified support to the agriculture sector. As of December 31, 2021, LANDBANK loans to the agri sector has reached P247.85 billion, recording a monthly increase of P12.78 billion from the P235.07 billion level last November 2021.
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 |
