DAVAO CITY – The Land Bank of the Philippines (LANDBANK) recently deployed its mobile branch in Brgy. Lacson in Calinan District and in Brgy. Tamugan in Marilog District to assist over 2,200 senior citizens to activate their LANDBANK cash cards and withdraw their cash aid under the Department of Social Welfare and Development’s (DSWD) Unconditional Cash Transfer (UCT) program. The LANDBANK mobile branch delivers banking services closer to customers to help them save time and transportation-related costs. The mobile branch is currently stationed in the Philippine National Police – Regional Training Center in Brgy. Mintal in Davao City, and will soon roll-out in the Municipality of Mabini in Davao de Oro to assist in the distribution of LANDBANK prepaid cards to Philippine Identification System (PhilSys) registrants.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (6th from left) welcomes the Filinvest Group of Companies (Filinvest) led by Filinvest Development Corporation’s (FDC) President and CEO Lourdes Josephine Gotianun-Yap (5th from left) at the LANDBANK Plaza in Manila. (L to R) Joining them from Filinvest Land, Inc. (FLI) are Manager Jayson Soriano; Senior Assistant Vice President Danilo Calilap; Executive Vice President and CFO Ana Venus Mejia; and President & Chief Strategy Officer Tristaneil Las Marias. Also representing LANDBANK are Senior Vice Presidents Ma. Celeste Burgos and Lucila Tesorero; Assistant Vice President Melissa Abundo; and Account Officer Grace Limboc. The Land Bank of the Philippines (LANDBANK) and the Filinvest Group of Companies (Filinvest) recently discussed various potential collaboration projects for the conglomerate’s business ventures in real estate, power and energy, hospitality and sugar production. LANDBANK President and CEO Cecilia Cayosa Borromeo and FDC President and CEO Lourdes Josephine Gotianun-Yap led the exploratory meeting at the LANDBANK Plaza, for funding FGC’s real estate businesses under the Filinvest Land Investment (FLI), among its 18 other corporations. Funding requirements were also discussed to support Filinvest’s water desalination project in Cebu and the expansion of its hotel operations. In 2021, LANDBANK granted a P2-billion loan to FLI—one of the leading real estate developers in the country—to partially finance expansion in its various real estate projects. Key FLI officers joined the meeting, including President and Chief Strategy Officer Tristaneil Las Marias; Executive Vice President Ana Venus A. Mejia; Senior Assistant Vice President Danilo Calilap; and Loan Manager Jayson Soriano. LANDBANK was also represented by Senior Vice Presidents Ma. Celeste A. Burgos and Lucila Tesorero; Assistant Vice President Melissa Abundo; and Account Officer Grace Limboc. LANDBANK is also providing Filinvest various digital banking services, including digital payment to suppliers through the LANDBANK weAccess, and online Modified Disbursement System (MDS) transactions through the LANDBANK electronic Modified Disbursement System (eMDS).
READ MOREThe Land Bank of the Philippines (LANDBANK) will soon accept applications for its new scholarship program and select scholars from the poorest 60 provinces in the country. Under the Iskolar ng LANDBANK Program, the Bank will select the scholars from nominations endorsed by the Bank’s partner-organizations composed of farmers and fishers. This new selection process was announced after the Bank received numerous queries from interested applicants following the program’s launch last February. “We want the Iskolar ng LANDBANK Program to create meaningful impact in the lives of deserving students who really need assistance the most. We are now reaching out to our partner cooperatives, associations, and organizations in the agri sector to nominate dependents from among their members,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The Iskolar ng LANDBANK Program is designed to assist deserving dependents of agrarian reform beneficiaries (ARBs) and small farmers and fisheries nationwide. From 2023 to 2028, LANDBANK will select sixty scholars each year, to be provided with P100,000 each per year to cover allowance and expenses for books, clothing, and other course requirements. Special cash incentives will also be awarded to scholars who will graduate with honors. Eligible applicants shall be the children or grandchildren of ARBs or small farmers and fishers who are graduating high school students, with a minimum average grade of 90% or belonging to the top 10% of their class. Applicants must also have a letter of endorsement from their senior high school principal; must not enjoy any other financial assistance, grant, or scholarship from other external sources; must pass the admission requirements of partner State Colleges and Universities (SUCs); and whose annual total family income must not exceed Php 300,000.00. Successful applicants have 12 eligible courses to choose from, namely horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, and agricultural, IT, industrial or management, civil, and mechanical engineering. Iskolar graduates will be also offered on-the job (OJT) training in LANDBANK Branches and Lending Centers, including the Bank’s partner agencies and institutions. The Iskolar ng LANDBANK Program carries the theme: “600@60: Developing Scholars and Nurturing Talents Towards Serving the Nation,” representing the Bank’s target 600 scholar graduates—which includes graduates from the Bank’s previous scholarship program—in celebration of LANDBANK’s 60th anniversary this year.
READ MORE(left photo) President Ferdinand R. Marcos, Jr. (2nd from left), with CSC Commissioner Aileen Lizada (leftmost), bestows the Presidential Lingkod Bayan Award to LANDBANK for its Digital Onboarding System (DOBS) in Malacañan Palace on 8 March 2023. Conferred with the award are LANDBANK Senior Vice Presidents Althon C. Ferolino (3rd from left) and Sylvia C. Lim (not in photo), Vice President Grace Ofelia Lovely V. Dayo (5th from left), Assistant Vice President Aurelia M. Lavilla (4th from left), and Division Chief Carla B. Mirabueno (6th from left). (right photo) Customer Associate Reymond D. Gonzales also receives the Dangal ng Bayan Award for his exemplary performance as a Roving Teller during the height of the COVID-19 pandemic. (Photos courtesy of the Civil Service Commission) President Ferdinand R. Marcos, Jr. conferred to the Land Bank of the Philippines (LANDBANK) two recognitions for its excellence, dedication and commitment to public service during the awarding ceremony in Malacañang Palace on 8 March 2023. The President led the awards rites of the Civil Service Commission’s (CSC) annual Honor Awards Program (HAP), which recognizes models of exceptional service and aims to motivate other public servants to enhance their performance and become more involved in public service. “I congratulate you, not only for your award, but I congratulate you for the service that you have given to the Filipino people. You have clearly demonstrated that a compassionate and genuine heart lies at the center of your efforts,” said President Marcos in addressing the awardees. LANDBANK won the Presidential Lingkod Bayan (PLB) award for its client-centered and multi-awarded digital platform, the Digital Onboarding System (DOBS), which has helped simplify the account enrolment process and reduced the account opening time of customers. As of 31 December 2022, the DOBS has facilitated the opening of 3.6 million accounts, including accounts opened for LANDBANK’s wholly-owned subsidiary, the Overseas Filipino Bank (OFBank), in servicing the continued rise in demand for responsive digital banking services. The PLB Award recognizes individuals or groups for exceptional or extraordinary contributions resulting from an idea or performance that had a nationwide impact on public interest, security, and patrimony. The LANDBANK DOBS Team is led by Senior Vice President Althon C. Ferolino, with members Senior Vice President Sylvia C. Lim, Vice President Grace Ofelia Lovely V. Dayo, Assistant Vice President Aurelia M. Lavilla, and Division Chief Carla B. Mirabueno. Meanwhile, Reymond D. Gonzales was honored with the Outstanding Public Officials and Employees Award or the Dangal ng Bayan (DNB) Award for his exemplary performance as a Customer Associate (Roving Teller) during the height of the COVID-19 pandemic. Amid mobility restrictions and health risks, Gonzales ensured that LANDBANK Branches had sufficient cash requirements to service customers in Zamboanga City and Zamboanga Sibugay, including the island provinces of Basilan, Sulu, and Tawi-Tawi. The DNB Award is conferred on an individual for the performance of extraordinary acts of public service and consistent demonstration of exemplary ethical behavior. “We are deeply honored to receive these awards, which recognize LANDBANK’s steadfast commitment to providing responsive services beyond banking to all our customers. We are inspired to further intensify our development efforts towards serving the nation,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The CSC Honor Awards are the highest recognition given by the National Government to individuals or groups who have shown excellence, dedication, and commitment to public service.
READ MORE(left photo) The LANDBANK-financed Baculud Overflow Bridge in Ilagan City, Isabela, allows for easier and safer transportation for residents and vehicles from the City’s northeastern barangays to its Centro Poblacion Barangay Cluster. (right photo) From having a small infirmary solely catering to the medical needs of Ilagueños, the Ilagan LGU also tapped LANDBANK to fund the construction of the City of Ilagan Medical Center (CIMC) building to widen healthcare access in the City. ILAGAN, Isabela – From being one of the poorest municipalities in Isabela over a decade ago, this first-class City now boasts of a vibrant and fast-growing economy driven by major infrastructure projects financed by the Land Bank of the Philippines (LANDBANK). Under the leadership of City Mayor Josemarie L. Diaz, the local government unit (LGU) of Ilagan and LANDBANK maintain a strong partnership geared towards the development of the City, with a total loan exposure amounting to P3.5 billion. “Talagang malaki ang naitulong ng LANDBANK sa amin. Halos lahat ng improvement sa Ilagan City ay dahil sa aming pakikipagtulungan sa LANDBANK,” said Mayor Diaz. In support of Ilagan’s development plan, LANDBANK financed the construction of four essential bridges in the City, including the Baculud Overflow Bridge in Brgy. Baculud and the Cabisera 8 Overflow Bridge in Brgy. Santa Maria. These two overflow bridges significantly increased the mobility of Ilagueños, who previously used boats and bamboo rafts to travel across rivers to reach other parts of the City. The bridges also improved the access of residents from remote barangays to basic and support services, such as to their local hospital and public market. LANDBANK likewise financed the concreting of road networks in Ilagan City to enhance the connectivity between its 91 barangays, which is already 90% completed as of end-January 2023. Built with street lamps and concrete drainage, the concrete road network has made transportation safer and more efficient even in remote areas, especially for farmers who previously struggled to transport their agricultural produce to the market. Facilities for healthcare, recreation, and public services LANDBANK also supports the LGU’s priority projects to provide better healthcare and public services. At the height of the COVID-19 pandemic in 2021, the LANDBANK-financed City of Ilagan Medical Center (CIMC) was opened to initially serve as an isolation facility for COVID patients. From having a small infirmary, the enhanced 100-bed CIMC now provides advanced medical services, such as endoscopy, radiology, and hemodialysis. The hospital has already received three International Standardization Organization (ISO) Certifications for Quality Management System, Environment Management System and Occupational Health and Management System. In 2007, LANDBANK approved a P65-million loan to fund the construction of Ilagan’s Municipal Hall – now a City Hall – in Brgy. San Vicente. For the safety and convenience of its constituents and local government employees, LANDBANK likewise financed the construction of the then Ilagan Municipal Hall (now a City Hall) and multi-purpose barangay halls in the City. Other projects of the LGU backed by the Bank include a sanitary landfill for sustainable waste disposal; a new public market that serves as a central hub for vendors; and daycare centers for children. The Ilagan LGU also partnered with the Bank to finance the construction of recreational facilities in the City, including the new Ilagan Sports Complex, a local mall and hotel, as well as a multi-purpose commercial building, all of which generate significant revenue for the LGU. The modern Ilagan Sports Complex funded by LANDBANK hosts national tournaments for various sports and houses a track and field oval certified by the International Association of Athletics Federations (IAAF). P900 million of the LGU’s total loan will finance lot acquisition in the barangays of Alibagu, Marana 1st and Lullutan for various development projects, including the construction of 94 housing units in Alibagu. The loan will also be utilized for the expansion of the Ilagan City Hotel and Convention Center, as well as the establishment of CIMC’s Contagious Disease Building. This will also fund the construction of a public market building in Brgy. Hacienda San Antonio and a bagsakan center with cold storage for agricultural products in Brgy. Marana 1st. “Simula nung kami ay isang municipality pa lamang, nagtiwala na ang LANDBANK sa amin. Kasama namin ang LANDBANK na lumaki at lumago, at ngayon, we can already provide complete and quality services for the welfare of our people. Kaya malaki ang aming pasasalamat sa LANDBANK,” Mayor Diaz added. With the help of LANDBANK, the LGU’s assets grew from P700 million in 2007 to P7 billion in 2022. LANDBANK remains the biggest development partner of LGUs, in fulfilment of the Bank’s mandate to spur countryside development in stride with nation-building. As of end-2022, the Bank’s outstanding loans to LGUs nationwide have reached P91.5 billion in support of local development projects, which include agri-related infrastructure, hospitals, schools, and utilities.
READ MOREHave you received a text message asking you to click on a link to claim a prize or reward money? Beware! That could be a SMiShing scam, a way for fraudsters to get your bank account or e-wallet information! Awareness and information is key. Avoid falling victim to this kind of phishing scam by watching this short video: Facebook: https://fb.watch/jrvAl0bl9Q/ YouTube: https://youtu.be/TYEuc9WlVTs ⚠ Report any suspicious activities or transactions through our Customer Care Hotline: ☎ Call: (02) 8-405-7000 or 1-800-10-405-7000 (PLDT Domestic Toll-Free Number) ? Email: reportphishing@landbank.com #ServingTheNation #BankingOnTheFilipinoSpirit #CheckProtectReport #SMiShing
READ MOREDid you know? LANDBANK is fully committed to fight phishing scams! To better serve our clients, we now have a dedicated email address specifically for phishing reports only. ⚠️ Phishing is a technique used by fraudsters who pretend to be reputable organizations or people so they could steal your personal information and your hard-earned money. This could be in the form of email (phishing), text message or SMS (smishing), and voice call (vishing). Forward the ORIGINAL phishing email/text including all of its content to reportphishing@landbank.com. Remember, LANDBANK will never ask you to update your LANDBANK account and will never solicit card information from you. #ServingTheNation #BankingOnTheFilipinoSpirit
READ MOREIn line with supporting the country’s coconut industry, the Land Bank of the Philippines (LANDBANK) is offering a new affordable credit facility to coconut farmers to increase production and income especially in coconut-producing communities nationwide. Under the LANDBANK Coconut Farmers and Industry Development (CFID) Lending Program, eligible coconut farmers, cooperatives and associations can access financing for various projects, including the establishment of intercrops and poultry or livestock integration in coconut farms. Individual coconut farmers can use the loan to increase production and working capital, to acquire machines and equipment, and establish necessary facilities. Coconut cooperatives and associations can also utilize the financing for relending and rediscounting to their members. The LANDBANK CFID Lending Program supports the Coconut Farmers and Industry Development Plan (CFIDP) spearheaded by the Department of Agriculture (DA) and the Philippine Coconut Authority (PCA), which outlines the policies and directions to rehabilitate and modernize the Philippine coconut industry. "The CFID Lending Program forms part of the National Government’s whole-of-nation approach towards providing meaningful investments to the coconut industry. LANDBANK remains committed to providing accessible and affordable credit to coconut farmers nationwide to help improve their livelihood," said LANDBANK President and CEO Cecilia Cayosa Borromeo. Under the CFID Lending Program, LANDBANK will provide short-term and long-term loans of at least P1 million, with a fixed affordable interest rate of 2% per annum. The loan program has a total P333.3 million fund composed of P83.3 million or 25% from LANDBANK funds and P250 million or 75% from the Credit Component Allocation under the Coconut Farmers Industry Trust Fund (CFITF) Act, which was signed by former President Rodrigo Duterte in February 2021. The LANDBANK CFID Lending Program will run until 2071 to accommodate as many players from the coconut industry as possible. Interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MOREKEEP THE MUSIC PLAYXING: Members of the Bohol Persons with Disability (PWD) Workers Multi-Purpose Cooperative (MPC) continue to play at the Tagbilaran Pier with support from the Land Bank of the Philippines (LANDBANK). BOHOL – Amidst the daily hustle and bustle in this Province’s major airport and seaport terminals, an ensemble of visually impaired musicians entertains and comforts passengers with their soothing voices and pitch-perfect harmonies. With their distinct black glasses, acoustic guitars and percussions, these talented individuals perform old to contemporary hits from early morning to seven o’clock in the evening, making the trips of visitors a memorable experience. Performing for arriving and departing passengers serves as the primary source of income for 41-year-old Junare “Jun” A. Baculio to sustain the daily needs of his family. Jun also leads fellow visually impaired performers as the general manager of the Bohol Persons with Disability (PWD) Workers Multi-Purpose Cooperative (MPC), which started in 2016 and is composed of 63 members with different disabilities. The Bohol PWD Workers MPC mainly sources funds from busking at different local airports and seaports, including the Bohol-Panglao International Airport and the Tagbilaran Airport and Pier. They also operate four massage parlors where other physically challenged members offer various massage services. The co-op’s lending services have also delivered significant relief to its members, especially when facing financial difficulties due to unexpected situations. They enjoy loans with zero interest rate for their needs, instead of previously relying on loan sharks that charge as high as 20% interest per month. The pandemic’s silencing effect However, nothing could have prepared the cooperative from the COVID-19 pandemic, which hit the tourism sector hard and drastically reduced passenger traffic. The once jam-packed airport and seaport terminals turned into deserted hubs without any signs of activity. For the members of the Bohol PWD Workers MPC, this meant putting their entertaining melodies into pause and soothing massage services on hold. And as silence filled the airports and seaports that were once alive with their music, the co-op members struggled to make ends meet and provide for their families. With their performances halted, members were left with no other source of daily income, which also cut off the co-op’s source of funding for their relending activities. “Parang huminto lahat dahil sa pandemya. Lahat kami ay nawalan ng pagkakakitaan, simula sa pagkanta sa mga terminals hanggang sa pagmamasahe. Pero tuloy pa rin ang buhay, naghanap kami ng iba pang pwedeng pagkakitaan at lumapit kami sa iba’t ibang organisasyon,” Jun Baculio recounts. LANDBANK helps show the light The Bohol PWD Workers MPC turned to the Land Bank of the Philippines (LANDBANK) to help them sustain their livelihood and endure the pandemic. As the co-op’s reliable partner over the years, LANDBANK maintains a strong relationship with the co-op, with a total loan exposure amounting to P1.1 million. LANDBANK first extended a helping hand to the co-op in 2017 through a loan worth P830,000.00, for the purchase of a service vehicle and to augment the working capital of their relending business. With their new service vehicle, the members are conveniently shuttled to the airports and seaports, including other areas and communities where they are tapped to perform. The Bohol PWD Workers (MPC) availed of a loan from LANDBANK to purchase a service vehicle to conveniently shuttle their membersfrom their respective houses to their workplaces. Since the pandemic significantly decreased their income, LANDBANK approved the restructuring of the co-op’s existing loan in 2022 under the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program with a lower interest rate. The co-op’s existing rediscounting line was also converted into a term loan amounting to P300,000 under the Program, to help cover the daily necessities of the members’ families during the pandemic. “We are very much thankful to LANDBANK. They patiently catered to our financing needs to make the co-op successful, fruitful and productive. Hindi kami nahihirapang lumapit sa kanila,” said Jun. As the country reopened several tourist destinations, the cooperative also made a successful comeback to the airports and seaports, in stride with the economy’s continuing resurgence from the pandemic. Last January, the Bohol PWD Workers MPC was able to fully pay its restructured term loan with LANDBANK and partially paid in advance its converted rediscounting line. Today, the co-op looks to expand its operations by tapping the Bank’s assistance anew for lot acquisition and the construction of its new head office. LANDBANK has continued to support the financial requirements of the Bohol PWD Workers MPC along with the whole cooperative sector. As of 31 January 2023, LANDBANK’s outstanding loans to the sector have reached P66.6 billion serving over 1,360 co-ops nationwide.
READ MORE(left photo) Balingasag Mayor Alexis S. Quina (center), LANDBANK Vice President Jimmy P. Arco (2nd from left) and Assistant Vice President Josephine Mercadal (3rd from left) lead the ribbon-cutting ceremonies for the new Balingasag Public Market (rightphoto) financed by the Land Bank of the Philippines (LANDBANK) in Barangay Waterfall. BALINGASAG, Misamis Oriental – The Land Bank of the Philippines (LANDBANK) joined the inauguration of the new world-class Balingasag Public Market in Barangay Waterfall, which is expected to be a center of commerce for the people of Balingasag and its neighboring towns. Balingasag Municipal Mayor Alexis S. Quina alongside LANDBANK Vice President Jimmy P. Arco and Assistant Vice President Josephine B. Mercadal, led the inauguration on 8 March 2023 to formally open the facility to residents and vendors. LANDBANK financed the milestone infrastructure project with a P150 million loan in 2020. The building can accommodate 303 stalls, covering sections for fish, meat, vegetable, fruit, dry goods, and grocery items, among others. The new public market will also benefit more than 3,000 small farmers and fishers from the municipalities of Balingasag, Jasaan, Lagonglong and Salay. “We look forward to servicing more of Balingasag’s growth requirements to generate economic opportunities and deliver essential public services. In partnership with LGUs nationwide, LANDBANK will continue to support strategic initiatives to help advance local communities,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Throughout the years, LANDBANK has been part of the growth story and progress of the Municipality of Balingasag. It has financed various development projects of the LGU, including the Balingasag People’s Palace in 2010 and the Balingasag Bus Terminal in 2015. During the inauguration, Mayor Quina shared his appreciation and gratitude for LANDBANK's continuing trust and support for the local government, and touched on plans to tap the Bank anew for the construction of Balingasag’s Municipal Gym. LANDBANK provides convenient banking services to Balingasag residents, including payroll services to local government employees. Last December 28, 2022, the Bank inaugurated the LANDBANK Balingasag Branch, complemented by an offsite ATM located at the People's Palace. LANDBANK remains the biggest development partner of the LGU sector. As of end-December 2022, the Bank has extended a total of P91.5 billion in outstanding loans to LGUs nationwide, towards building resilient and progressive local communities.
READ MOREAs of Wed, June 18, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.45 | 56.95 |
| JPY | 0.38324 | 0.398024 |
| EUR | 63.905794 | 66.376649 |
| GBP | 74.752438 | 77.642669 |
| HKD | 7.164991 | 7.698615 |
As of Tue, June 17, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.566897 |
| Money Market Fund | 1.318109 |
| Money Market Plus Fund | 1.230559 |
| PERA Money Market Fund | 1.027876 |
| Medium-Term Bond Fund | 2.481443 |
| Bond Fund | 2.027203 |
| PERA Bond Fund | 1.200271 |
| Balanced Fund | 2.67519 |
| Growth Fund | 2.615588 |
| Alpha Equity Fund | 3.096752 |
| Blue Chip Equity Fund | 0.976566 |
| Equity Fund | 0.816152 |
| High Dividend Equity Fund | 1.019844 |
| US$ Money Market Fund | 1.437985 |
| Global $ Fund | 1.536712 |
