Baggao Mayor Leonardo C. Pattung (leftmost) and LANDBANK President and CEO Cecilia Cayosa Borromeo (5th from left) lead the inauguration rites for the LANDBANK Baggao Agri-Hub on 27 April 2023, at the Baggao LGU Compound, Brgy. San Jose, Baggao, Cagayan. Joining them are Vice Mayor Rowel B. Gazmen (3rd from left), former Cagayan 1st District Representative, Atty. Ramon C. Nolasco, Sr. (2nd from left), and from LANDBANK, Executive Vice President Liduvino S. Geron (4th from left) and Senior Vice President Ma. Belma T. Turla (6th from left). BAGGAO, Cagayan – Towards servicing the development needs of small farmers and fishers, the Land Bank of the Philippines (LANDBANK) officially inaugurated its newest Agri-Hub in the Municipality of Baggao – the very first in the Province of Cagayan. The LANDBANK Baggao Agri-Hub provides banking, lending, and agrarian services, all under one roof, for residents of the Municipality’s 48 barangays, including over 17,500 rice and corn farmers. The location of the Agri-Hub allows Baggaoeños to conveniently perform their banking transactions without having to travel all the way to Tuguegarao City, which is more than an hour away from Baggao. Local LANDBANK customers include more than 11,000 Conditional and Unconditional Cash Transfer beneficiaries of the Department of Social Welfare and Development (DSWD). Baggao Mayor Leonardo C. Pattung and LANDBANK President and CEO Cecilia Cayosa Borromeo led the inauguration rites on 27 April 2023. They were joined by Vice Mayor Rowel B. Gazmen, former Cagayan 1st District Representative, Atty. Ramon C. Nolasco, Sr., and from LANDBANK, Executive Vice President Liduvino S. Geron and Senior Vice President Ma. Belma T. Turla. “Kaisa po ninyo ang LANDBANK upang mas ilapit sa bawat mamamayan ng Baggao ang mga programa at proyekto ng ating pamahalaan. We look forward to more years of progressive partnership with the Baggao LGU as we explore more avenues for collaboration, in the service of Baggaoeños and the nation at large,” said President Borromeo. Located at the Baggao LGU Compound in Brgy. San Jose, the LANDBANK Baggao Agri-Hub is headed by Elcidita J. Villaruz under the supervision of Tuguegarao (Capitol) Branch Head, Joselita S. Simeon. The newly-inaugurated Agri-Hub forms part of LANDBANK’s physical network in the province, consisting of 10 Branches and Branch-Lite Units, 54 ATMs, seven CDMs, and one mobile ATM. “We want to convey our sincerest gratitude to LANDBANK for their unwavering assistance towards the convenience and welfare of Baggaoeños. The Baggao LGU will always be ready to support your undertakings, as we mutually fulfill our vision of providing responsive public service,” said Mayor Pattung. Strategically located in the top rice-producing provinces in the country, LANDBANK Agri-Hubs are designed to 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). LANDBANK now operates a total of 16 Agri-Hubs nationwide, located in the Provinces of Pangasinan, Ilocos Sur, Isabela, Pampanga, Nueva Ecija, Oriental Mindoro, Camarines Sur, Negros Occidental, Iloilo, Bohol, Misamis Occidental, Misamis Oriental, Bukidnon, Sarangani, and Davao del Norte.
READ MOREHimamaylan City Treasurer Caroline Castro (left) and City Accountant Nolan Fortunado (right) use LANDBANK's WeAccess facility to conveniently manage the local government’s banking transactions online. HIMAMAYLAN CITY, Negros Occidental – The City Government of Himamaylan has lauded the Land Bank of the Philippines (LANDBANK) and its digital banking platforms for providing meaningful support to the City’s delivery of essential public services. Himamaylan City Mayor Rogelio Raymund Tongson, Jr. cited the ease provided by the Bank in facilitating financial transactions between the LGU and its constituents, which began prior to the onset of the global health pandemic. “LANDBANK’s convenient, reliable, and efficient services have unintentionally prepared the LGU with the impacts of the COVID-19 pandemic, which posed multiple inconveniences and limitations to the day-to-day operations of the city. Since its partnership with LANDBANK, the city has faced less issues concerning security, accuracy, and time management,” said Mayor Tongson. As of the first quarter of 2023, the LANDBANK Link.BizPortal has facilitated close to 2.2 million transactions, representing increases of 58% year-on-year. LANDBANK targets to onboard more government and private merchants to over 1,603 merchants by end-2023. LANDBANK’s digital transformation fully supports the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MOREThe Land Bank of the Philippines (LANDBANK) posted a 30% growth in value for its major digital banking platforms in the first quarter of 2023 compared to the same period last year. The increase to 735.95 billion from the previous year’s P567.6 billion was facilitated by a total of 41.2 million transactions representing a 5% rise year-on-year via the LANDBANK Mobile Banking App (MBA), weAccess, Electronic Modified Disbursement System (eMDS), Link.BizPortal, iAccess, and the LANDBANK Bulk Crediting System (LBCS). "The growing adoption and utilization of our digital channels is a testament to LANDBANK’s steadfast commitment to provide safe and convenient banking services. We remain focused on investing in our digital infrastructure to meet the evolving and diverse needs of our customers," said LANDBANK President and CEO Cecilia Cayosa Borromeo. The LANDBANK Link.BizPortal, the Bank’s web-based payment channel, facilitated 2.18 million transactions which translate to a 58% climb amounting to P3.0 billion in value. Both the LANDBANK weAccess and iAccess recorded value increases of 39% and 2%, amounting to P199.38 billion and P4.6 billion, respectively. The LANDBANK MBA’s facilitated value also went up by 31% to P61.79 billion with an 8% jump in total transactions of 32.2 million. The LBCS saw the biggest increase in value at 1,402% amounting to P19.7 billion from 1.8 million recorded transactions. The Bank's eMDS platform likewise experienced significant growth in value by 22% to P447.5 billion from a total of 597,496 transactions, which is equivalent to about 85% of all disbursements of the National Government in the first three months of the year. Meanwhile, a total of 4 million accounts have been opened via the LANDBANK Digital Onboarding System (DOBS) since 2018, which include accounts opened for clients of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. LANDBANK's continuing digital innovations has enabled it to provide convenient and accessible banking services to more Filipinos, in line with its thrust of advancing financial inclusion in the country.
READ MOREThe Land Bank of the Philippines (LANDBANK) has countered the claim that it has ‘failed in its mandate’ with a report on its outstanding loans to the agriculture sector reaching P271.8 billion as of March 2023. It represents 14.8% year-on-year growth, with P42.3 billion of the loans directly benefitting small farmers and fishers nationwide. LANDBANK has remained faithful to its social mandate of promoting inclusive and sustainable development, primarily by being the biggest credit provider to the agriculture sector reaching all components of the agriculture value chain. The Bank’s total agri loan portfolio has sustained its upward trajectory with an average growth rate of 10.4% from 2012 to 2022, even as the agriculture sector grew sideways by an average of 0.64% in the same period. As the financial intermediary of the Comprehensive Agrarian Reform Program (CARP), LANDBANK has inspected and valued 1.6 million hectares of private agricultural lands distributed by the Department of Agrarian Reform (DAR) to 958,623 Agrarian Reform Beneficiaries (ARBs), with 90,995 landowners compensated amounting to P81.7 billion. The Bank has also extended P2.7 billion in loans to 2,356 individual ARBs and 469 ARB cooperatives and farmers’ associations nationwide. Financial leader and digital enabler Led by solid governance and leadership, the Bank continues to build its strong financial muscle to support other key development sectors. LANDBANK recorded a net income of P10.8 billion in the first quarter of the year, buoyed by higher revenues and lower operating costs. The Bank’s assets and capital both expanded year-on-year, while financial ratios likewise remain at healthy levels. As the country’s largest GOCC, LANDBANK has the financial capacity and resources, and experience to support the National Government’s development agenda. It is also supportive of strategic measures to promote greater operational efficiency, cost savings and stronger fiscal position to service the country’s development needs. Meanwhile, LANDBANK is the only State-run Bank that has continued to ramp-up its digitalization drive geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers, with a 30% growth in value of transactions amounting to P735.95 billion for its major digital banking platforms in the first quarter of 2023 alone. LANDBANK likewise supports public and private partners to adopt digital payments for disbursements and collections. The Bank has onboarded 890 government merchants and 346 private entities in the LANDBANK Link.BizPortal payment platform as of 31 March 2023. LANDBANK is also the only government entity that offers an online ordering platform for bond issuances of the government, most recently the Retail Treasury Bonds Tranche 29 (RTB-29) of the Bureau of the Treasury (BTr). Development partner of LGUs and NGAs The Bank has maintained its dominance as the biggest development partner of the Local Government Units (LGU) sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. As of 31 March 2023, LANDBANK’s outstanding loans to LGUs nationwide have reached P94.5 billion. Majority of National Government Agencies (NGAs) and other government-owned and controlled corporation (GOCCs) also have LANDBANK as their major depository bank, which also services their collection and disbursement requirements through the On-line National Collection System. The Bank also facilitates the collection of taxes for the Bureau of Internal Revenue (BIR) and collection of tariffs and duties for the Bureau of Customs (BOC), while servicing the payroll and grants of public partners and pensioners, respectively. Extensive network LANDBANK is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. Bank touchpoints are composed of 607 branches and branch-lite units, 58 lending centers, 2,906 ATMs, 224 CDMs, and 1,751 Agent Banking Partners POS cash-out terminals. Clients may also access 2,391 PAPI ATMs located in 7-Eleven stores nationwide. Distribution arm of social protection programs LANDBANK serves as the main distribution arm of the National Government’s social protection programs, which include the delivery of cash grant to the 9.9 million beneficiaries of the country’s Conditional and Unconditional Cash Transfer programs. The Bank has also provided assistance to various sectors of the economy affected by the COVID-19 pandemic, delivering social amelioration support to displaced workers, small businesses, Overseas Filipino Workers (OFWs), and PUV drivers and operators. Through the years, LANDBANK has taken a more prominent role at the forefront of nation-building: from providing reliable banking services and financial interventions, to accelerating financial inclusion, supporting vulnerable sectors, revitalizing local economies, and pursuing initiatives in support of the National Government’s inclusive development agenda.
READ MOREThe Land Bank of the Philippines (LANDBANK) welcomes the latest report of global credit ratings agency Fitch Ratings, Inc., which upgraded its outlook on the Bank to “stable,” alongside improved confidence in the country’s return to strong medium-term growth following the Covid-19 pandemic. The report published on 30 May 2023, which also affirmed the Bank’s Long-Term Issuer Default Ratings (IDRs) at 'BBB' and Government Support Rating (GSR) at 'bbb', considered LANDBANK’s “strategic and growing policy roles, 100% state ownership as well as its systemic importance as the largest state-owned bank in the country, with market share of about 14% of system assets.” The ratings agency likewise gave consideration to the “state’s improving ability to support the bank, in times of need, as reflected in the revision of the sovereign rating Outlook to stable,” which was detailed in a separate report the agency published on 22 May 2023. “The improved outlook from Fitch is a welcome vote of confidence for the Bank’s robust financial stability and resilience to withstand external and domestic economic headwinds. With solid state backing, we will intensify our support to the country’s priority programs and initiatives, towards expediting our complete resurgence from the global pandemic,” said LANDBANK President and CEO Lynette V. Ortiz. Led by solid governance and leadership, the Bank has continued to build its strong financial muscle to support key development sectors. It ranks second in the industry in terms of assets at P3.1 trillion and deposits at P2.8 trillion as of the first quarter of 2023, with financial ratios maintained at healthy levels. It recorded net income of P10.8 billion in the same period. The Bank’s capital likewise expanded year-on-year by 3.2% to P225.3 billion, as the Bank expressed confidence that it will reach its projected growth targets by yearend. LANDBANK is the only State-run Bank that has continued to ramp-up its digitalization drive geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers, with a 30% growth in value of transactions amounting to P735.95 billion for its major digital banking platforms in the first quarter of 2023 alone. The Bank has maintained its dominance as the biggest development partner of the Local Government Units (LGU) sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. It is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. LANDBANK remains as the country’s biggest Government-Owned and Controlled Corporation (GOCC) and the largest credit provider to the agriculture sector, among other key economic sectors, with the financial capacity and resources to fully support the National Government’s sustainable and inclusive development agenda.
READ MORE(front row) Malasiqui Mayor Noel Anthony M. Geslani (center) with LANDBANK Senior Vice President Ma. Belma T. Turla (2nd from right) and Assistant Vice President Emelyn M. Justiniano (leftmost), among other Bank officials and local partners, launch Malasiqui’s upgraded online services on June 8, 2023, which will allow residents and local business owners to process and pay for their real property taxes and business permits anytime and anywhere. MALASIQUI, Pangasinan – Residents and business owners from this 1st class municipality can now settle their payments for real property taxes and business permits faster and more conveniently through the online payment facility of the Land Bank of the Philippines (LANDBANK). The Municipal Government of Malasiqui has partnered with the state-owned Bank for the integration of the LANDBANK Link.BizPortal to its website, where constituents can now access the local government’s online services. Through the Link.BizPortal, customers can complete payments for local transactions safer and easier online without having to physically visit the municipal hall. Malasiqui Mayor Noel Anthony M. Geslani alongside LANDBANK Senior Vice President Ma. Belma T. Turla and Assistant Vice President Emelyn M. Justiniano led the launch of Malasiqui’s new online services on 8 June 2023 at the town’s Municipal Hall. They were joined by Malasiqui Vice Mayor Alfe M. Soriano, Department of Trade and Industry (DTI) Pangasinan Provincial Director Natalia B. Dalaten, and LANDBANK San Carlos (Pangasinan) Branch Head Menchie C. Mencias. “LANDBANK continues to collaborate with local government units and other government partners to provide customers with safe and secure online payment options. This forms part of our push for greater financial inclusion, while promoting transparency and efficiency in the delivery of meaningful and responsive public service,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK has now onboarded a total of 22 local government units (LGUs) in Pangasinan to the Link.BizPortal, to provide efficient and convenient digital payment services for Pangasinenses. These LGUs include the Provincial Government of Pangasinan and the City Governments of Alaminos, Dagupan, San Carlos and Urdaneta. “Itong launching po natin ngayon ay napakahalaga dahil kahit saan, kahit anong oras ay pwede ng makapagbayad ng fees,” said Mayor Geslani, adding that the newly launched online services will help promote ease of doing business in Malasaqui, while helping generate more income for the municipal government. The Link.BizPortal is LANDBANK’s web-based payment channel that allows clients to pay for products and services online to over 1,250 government and private partner merchants nationwide. As of April 2023, LANDBANK has recorded nearly 2.8 million transactions amounting to P4.2 billion through the Link.BizPortal. LANDBANK’s offering of digital banking solutions advances the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MOREIn line with advancing financial inclusion, the Land Bank of the Philippines (LANDBANK) will be significantly reducing transaction rates for fund transfer via InstaPay effective 15 June 2023. All fund transfer transactions, regardless of the amount, will now be subject to a fixed transaction fee of P15, down from the previous rate of P25. "By lowering fund transfer rate, more customers will benefit from the convenience and efficiency of our products. This is part of our commitment to provide accessible and affordable digital banking solutions, and to help expand financial inclusion," said LANDBANK President and CEO Lynette V. Ortiz. Digital fund transfer is facilitated by the LANDBANK Mobile Banking App (MBA) and iAccess for retail clients, and weAccess for Corporate Accounts. For the first three months of 2023, the three digital platforms have facilitated transactions amounting to a total of P265.7 billion. In full support of the National Government’s financial inclusion agenda, the reduction of transaction rates underscores LANDBANK's steadfast commitment to meeting the evolving needs of customers, in line with its expanded mandate of serving the nation.
READ MOREIn line with providing accessible and convenient digital services, the Land Bank of the Philippines (LANDBANK) has doubled the daily aggregate amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, effective 14 July 2023. LANDBANK clients can transfer up to P50,000.00 per transaction via Instapay, and now as much as P100,000.00 in total per day. The state-run Bank recently reduced its transaction rate for fund transfer via InstaPay from P25 to P15 starting from 15 June 2023. “We continue to extend the limits of our digital banking solutions to meet the growing needs of our diverse client base. LANDBANK is driven to promote greater digital adoption to help accelerate financial inclusion in the country and build a cashless society,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank also removed the daily transaction limit for both fund transfer and bills payment, allowing customers to perform an unlimited number of transactions per day. The previous daily aggregate amount limit of P50,000.00 for bills payment facilitated through the LANDBANK iAccess has likewise been removed. LANDBANK is currently working on providing depositors the ability to set their own fund transfer and bills payment limits for added flexibility and convenience. Meanwhile, inter-bank fund transfers using LANDBANK and Overseas Filipino Bank (OFBank) accounts remain free of charge. The new fund transfer and bills payment policies apply to transactions facilitated via LANDBANK’s retail digital banking channels, the LANDBANK Mobile Banking App (MBA) and iAccess. For the first five months of 2023, the two digital platforms have facilitated a combined 66.7 million transactions with value of P123.4 billion
READ MOREState-run Land Bank of the Philippines (LANDBANK) is marking 60 years of public service with plans to further expand its physical presence in unbanked and underserved communities, while enhancing its digital services to consistently deliver a seamless and exceptional customer experience. LANDBANK President and CEO Lynette V. Ortiz said that the Bank will continue to support the National Government’s development agenda by improving access to reliable, relevant, and convenient financial services. “We are adopting a phygital strategy to cater to our customer’s evolving preferences and demands, with increased investments in expanding our physical touchpoints and beefing-up our digital offerings. LANDBANK is ready to reach and serve a wider customer base, as we continue to bring more Filipinos into the financial mainstream,” said LANDBANK President Ortiz. The only bank operating in all 82 provinces of the country, LANDBANK eyes to establish physical touchpoints in all 1,634 cities and municipalities nationwide to bring banking services closer to Filipinos. As of 30 June 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,951 automated teller machines (ATMs), 226 cash deposit machines (CDMs), and 1,785 Agent Banking Partner POS cash-out terminals. LANDBANK is currently present in 85.4% or 1,396 cities and municipalities in the country, including the previously unbanked towns of Sallapadan in Abra, Barlig in Mountain Province, Tamparan in Lanao del Sur, Anahawan in Southern Leyte, and Kinoguitan in Misamis Oriental. In support of the Government’s digitalization push, LANDBANK is also looking to onboard all government offices in its digital platforms to increase operational efficiency, improve the ease of doing business, and enhance meaningful public service delivery. From January to June 2023, the Bank has onboarded a total of 180 government entities to its Link.BizPortal payment platform, and facilitated across all its digital channels a total of 96.5 million transactions valued at P3.9 trillion. LANDBANK is also working closely with the Philippine Statistics Authority (PSA) in providing unbanked Philippine Identification System (PhilSys) registrants with their own transaction accounts with no initial deposit. As of June 2023, the Bank has already onboarded 8.35 million unbanked Filipinos to the formal banking system, allowing for convenient fund management and access to financial transactions such as cash withdrawals, fund transfers, and online bills payments. LANDBANK has likewise taken significant steps to make digital banking more affordable, which includes recently reducing the transaction fees for online fund transfers to other banks through InstaPay, from P25 to P15. The Bank has also doubled the total daily amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, subject to a maximum amount of P50,000.00 per transaction. LANDBANK, which was established on 8 August 1963 through Republic Act No. 3844 or the Agricultural Land Reform Code, will celebrate its 60th anniversary on 08 August 2023, representing six decades of uplifting lives, empowering communities, and serving the nation — towards building an inclusive and sustainable economy.
READ MOREPhilSA Director General Dr. Joel Joseph S. Marciano, Jr. (center), LANDBANK Senior Vice President Elcid C. Pangilinan (2nd from right), and DOST-ASTI representative Engr. Alvin E. Retamar (4th from right) sign the tripartite memorandum of understanding for collaboration on the use of space data and analytics. The Land Bank of the Philippines (LANDBANK) recorded significant increases in volume and value of transactions across its major digital banking platforms in the first six months of the year. The state-run Bank facilitated 94.7 million transactions worth P1.9 trillion from January to June 2023, representing year-on-year jumps of 22% and 41% in volume and value, respectively. The combined digital transactions were made through the LANDBANK Mobile Banking App (MBA), Electronic Modified Disbursement System (eMDS), LANDBANK Bulk Crediting System (LBCS), Link.BizPortal, iAccess, and weAccess. “More customers continue to embrace the advantages of using LANDBANK’s digital banking solutions. We will drive investments to upgrade our digital infrastructure further, to continue providing convenient, accessible, and secure services,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK MBA accounted for the bulk of the total digital transactions, facilitating 76.1 million transactions amounting to P140.5 billion. These translate to year-on-year expansions of 27% and 36% in volume and value, respectively. LANDBANK customers mostly use the MBA for fund transfer and bills payment, as well as for purchasing government bonds, including the Retail Treasury Bonds Tranche 29 (RTB-29) offered in February 2023. The eMDS, LANDBANK’s internet facility for national government agencies, registered the highest transaction value at P1.3 trillion for a 36% jump from P966.2 billion in the same period a year ago. Total transactions likewise grew by 15% to 1.4 million from 1.2 million. Meanwhile, the Bank’s electronic bulk disbursement facility, LBCS, saw the most significant increases in utilization and value in the first half of the year, with total transactions reaching 3.6 million valued at P32.3 billion for unprecedented growth rates of 6,737% and 398%, respectively. The LANDBANK Link.BizPortal, a web-based payment channel for paying for products and services online, also posted a 44% rise in volume to 4 million transactions worth P6 billion. The value of transactions facilitated via LANDBANK’s online retail banking channel, iAccess, and its corporate internet banking platform, weAccess, likewise improved by 3% and 53% to P9.1 billion and P433.3 billion, respectively. With the continued adoption of digital banking, LANDBANK continues to remind customers and the public to be more vigilant against phishing scams and other forms of online banking fraud. The Bank is regularly posting on its official social media channels security reminders and best practices to avoid falling victim to fraudulent activities online. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MOREAs of Thu, June 19, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.85 | 57.55 |
| JPY | 0.386465 | 0.401335 |
| EUR | 64.363801 | 66.848651 |
| GBP | 75.253664 | 78.158931 |
| HKD | 7.215887 | 7.75286 |
As of Wed, June 18, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.567055 |
| Money Market Fund | 1.318249 |
| Money Market Plus Fund | 1.230686 |
| PERA Money Market Fund | 1.027957 |
| Medium-Term Bond Fund | 2.481467 |
| Bond Fund | 2.026902 |
| PERA Bond Fund | 1.201009 |
| Balanced Fund | 2.674433 |
| Growth Fund | 2.643801 |
| Alpha Equity Fund | 3.091873 |
| Blue Chip Equity Fund | 0.976162 |
| Equity Fund | 0.814599 |
| High Dividend Equity Fund | 1.024096 |
| US$ Money Market Fund | 1.438105 |
| Global $ Fund | 1.537131 |
