(left photo) LANDBANK Senior Vice President Ma. Belma T. Turla (2nd from right) and Philippine Crop Insurance Corporation (PCIC) Acting Senior Vice President Segundo H. Guerrero, Jr. (8th from right) lead the pilot delivery of crop insurance claims to farmer-beneficiaries via LANDBANK Prepaid Cards on 30 January 2023 at the LANDBANK Pangasinan Corporate Center. They are joined by PCIC Regional Manager Raul A. Servito (leftmost) and LANDBANK Urdaneta Branch Head Marlene M. Mendoza (rightmost). (right photo) One of the beneficiaries conveniently withdraws her insurance proceeds from a LANDBANK ATM. URDANETA CITY, Pangasinan – Leveraging on digital solutions to facilitate the fast and efficient delivery of government assistance, the Land Bank of the Philippines (LANDBANK) and the Philippine Crop Insurance Corporation (PCIC) piloted the disbursement of crop insurance claims via LANDBANK Prepaid Cards to farmers whose crops were affected by calamities and disasters. The first batch of seven farmer-beneficiaries from Region 1 received a combined P46,400 worth of initial indemnity claims credited through their LANDBANK Prepaid Cards, with five of them present during the ceremonial distribution activity on 30 January 2023. “Through our partnership with PCIC, we aim to enhance the delivery of insurance claims and make our banking services more accessible to farmers. This forms part of LANDBANK’s digital thrust of promoting financial inclusion to make banking more convenient for every Filipino,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK Senior Vice President Ma. Belma T. Turla and PCIC Acting Senior Vice President Segundo H. Guerrero, Jr. led the distribution activity at the LANDBANK Pangasinan Corporate Center, together with PCIC Regional Manager Raul A. Servito and LANDBANK Urdaneta Branch Head Marlene M. Mendoza. As of 27 January 2023, PCIC has requested LANDBANK to produce a total of 52,236 Prepaid Cards for its farmer-beneficiaries. Of this number, LANDBANK has released 34,847 Prepaid Cards to PCIC, who will facilitate the card distribution to its farmer-beneficiaries. The farmer-recipients will be able to conveniently receive their indemnity claims in succeeding disbursements schedules. The Bank is also ramping-up the card production for 17,389 farmer-beneficiaries nationwide as endorsed by PCIC. Under a Memorandum of Agreement (MOA) signed in April 2022, LANDBANK targets to provide Prepaid Cards and facilitate the timely crediting of insurance proceeds to around 1.8 million PCIC beneficiaries. Through the LANDBANK Prepaid Cards, farmers can conveniently withdraw cash from 2,997 LANDBANK ATMs in the country. They can likewise perform cash withdrawals free-of-charge from 2,323 ATMs at selected 7-Eleven convenience stores. The LANDBANK Prepaid Cards can also be used to make cashless purchases via Point-of-Sale (POS) terminals in participating stores, such as drugstores and groceries, as well as transact with the Bank’s 1,056 Agent Banking Partners (ABPs) nationwide.
READ MOREAs it celebrates its 60th anniversary this year, the Land Bank of the Philippines (LANDBANK) has adopted new Vision and Mission statements to better reflect the Bank’s commitment to fulfilling its expanded mandate of serving the nation for the next six years. “LANDBANK is driven this year to take on a more prominent role at the forefront of nation-building. Leveraging on innovation, digitalization, and strategic partnerships, we are geared towards the enhanced delivery of accessible, responsive, and meaningful service to our diverse clientele,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK envisions that by 2028, it “shall be at the forefront in nation-building through the promotion of financial inclusion, digital transformation, and sustainable development that benefits all Filipinos,” as the Bank aims “to provide responsive services beyond banking to all clients, publics and stakeholders.” The Bank is likewise focused on its mission to be “the leading universal bank with a government mandate that provides responsive services beyond banking to all clients, publics and stakeholders.” LANDBANK unveiled its new institutional Vision and Mission statements to the public on 14 February 2023, alongside the inauguration of the LANDBANK Leadership and Development Center in Intramuros, Manila, together with the launch of the Bank’s “Iskolar ng LANDBANK” scholarship program. 2023 Targets In support of the National Government’s programs on digital collections and disbursements, LANDBANK is targeting to onboard more local government units as merchants in eGov Pay and the Link.BizPortal, among its other digital channels. This includes growing the number of government and private merchants in the LANDBANK Link.BizPortal to over 1,600 merchants by end-2023. LANDBANK is also looking to grow its digital transactions by 60% in terms of both volume and value, driven by an aggressive expansion of its retail customer base. LANDBANK is also set to establish touchpoints in all 1,634 local government units (LGUs) nationwide, further solidifying its position as the biggest development partner for local and countryside development. The Bank’s network expansion will culminate in 2024 with the establishment of a LANDBANK touchpoint in every municipality in the country in the form of physical branches, Automated Teller Machines (ATMs), Agent Banking Partners (ABPs), Cash Deposit Machines (CDMs), or Point-of-Sale (POS) facilities. As the biggest lender to the agriculture sector, LANDBANK targets to increase the number of small farmers and fishers it has cumulatively assisted to 3.6 million in 2023, among other key players in the agri-business value chain. The state-run Bank is also determined to increase its net income by at least 16% to P35 billion, by optimizing resources, maximizing yields from earning assets, generating return from non-earning assets, and expanding trust banking and Bancassurance business. LANDBANK recorded a net income of P30.1 billion in 2022—the first time the Bank breached the P30 billion mark—for a robust 38.2% expansion from P21.7 billion in 2021. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development.
READ MOREThe Land Bank of the Philippines (LANDBANK) launched today a new scholarship program designed to assist deserving dependents of agrarian reform beneficiaries (ARBs) and small farmers and fisheries nationwide. Under the “Iskolar ng LANDBANK Program,” the Bank has allotted a total of P128 million to cover the educational expenses of 360 scholars from 2023 to 2028. 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. “LANDBANK is committed to develop and nurture students as we assist in their journey from education to employment. The Iskolar ng LANDBANK Program underscores our efforts toward this end, and forms part of our intensified support to the agri sector. We are opening opportunities for the youth to improve the lives of their families and their communities, guiding them to successfully join our workforce and become significant contributors to nation-building,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Eligible scholars under the Program are the children and grandchildren of ARBs and small farmers and fishers who are high school graduates, with a minimum average grade of 90% or belonging to the top 10% of their class. The scholarship will support 60 new scholars annually starting this year until 2028, and provide each with P100,000 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. The scholars 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. The state-run Bank is set to partner initially with 12 State Colleges and Universities (SUCs) nationwide, to accommodate scholars in NCR; Northern, Central and Southern Luzon; Visayas; and Mindanao. 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 will be managed by the LANDBANK Countryside Development Foundation, Inc. (LCDFI), the Bank’s corporate foundation which provides trainings and capacity-building programs.
READ MOREINTRAMUROS, Manila – The Land Bank of the Philippines (LANDBANK) officially inaugurated today, 14 February 2023, a three-story learning facility that will host in-house learning and development programs for its personnel. This forms part of the Bank’s efforts to ensure that Landbankers consistently exemplify the highest standards of service excellence. Located along Cabildo Street in Intramuros, Manila, the LANDBANK Leadership and Development Center (LLDC) will provide a conducive environment for learning, with nine training rooms that can accommodate over 200 participants. The center also features a lodging facility for the Bank’s employees coming from outside Metro Manila, and additional rooms dedicated for program trainers and facilitators. The inauguration of the LLDC is one of the Bank’s major activities leading up to its 60th anniversary of serving the nation on 8 August 2023.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and LSI Chairman and LANDBANK Executive Vice President Liduvino S. Geron (4th from left) lead the ribbon-cutting ceremony for the new office of the Land Bank Securities, Inc. (LSI) at the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig City on 26 January 2023. Joining them are LANDBANK Executive Vice Presidents Alex A. Lorayes (leftmost) and Carel D. Halog (5th from left), First Vice President Atty. Roderick P. Sacro (rightmost), and LSI Officer-in-Charge Atty. Florence R. Claveria (2nd from left). The Land Bank Securities, Incorporated (LSI) held a blessing and ribbon-cutting ceremony for its new office at the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig City on 26 January 2023, as it positions to become a major player in the Philippine capital markets. Formerly UCPB Securities, Incorporated, LSI is now the wholly-owned official stock brokerage subsidiary of the Land Bank of the Philippines (LANDBANK) following the merger last year of the former United Coconut Planters Bank (UCPB) with LANDBANK. LANDBANK President and CEO Cecilia Cayosa Borromeo alongside LSI Chairman and LANDBANK Executive Vice President Liduvino S. Geron led the office blessing. They were joined by LANDBANK Executive Vice Presidents Alex A. Lorayes and Carel D. Halog, First Vice President Atty. Roderick P. Sacro, and LSI Officer-in-Charge Atty. Florence R. Claveria, among other LANDBANK and LSI officers. “We have high hopes for LSI and its potential to capture a bigger share of the market. As its mother bank, LANDBANK will support the expansion of LSI’s operations as it grows to be a serious player in the capital markets,” said President Borromeo. LSI connects investors to the Philippine stock market and provides an array of services to invest in listed stocks of companies at the Philippine Stock Exchange. The stock brokerage company offers services such as traditional or broker-assisted trading, online trading, and lodgement and upliftment of securities. LSI uses the MyStocks online stock trading portal, which allows investors to conveniently buy, sell, and trade stocks online. The company also facilitates Stock Market 101 seminars monthly for interested participants who want to know more about how to grow their investments in the stock market.
READ MOREState-run Land Bank of the Philippines (LANDBANK) continues to pour significant financial support to the agriculture sector, with outstanding loans reaching P261.7 billion as of 31 December 2022 for a 5.5% year-on-year growth from P247.9 billion in 2021. LANDBANK’s outstanding loans to the agriculture sector likewise sustained its upward trajectory with an average growth rate of 10.4% from 2012 to 2022. “LANDBANK continues to service the growth requirements of all players in the agribusiness value chain, making it the biggest lender to the agriculture sector. We remain committed to delivering timely and accessible credit to boost economic activities in the countryside and the country’s overall food production,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Of the total P261.7 billion agri loans, P46.6 billion directly benefited small farmers and fishers, including those which were channeled through cooperatives, farmers’ associations, rural financial institutions, and other conduits. Meanwhile, a total of P166.8 billion supported small, medium, and large agribusiness enterprises, while P48.3 billion backed the agri-aqua-related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). In terms of economic activities, financing for livestock and crop production accounted for P66.5 billion of the Bank’s total agri loans, while P107.4 billion was channeled to agri-processing and trading. The remaining P87.8 billion was used to finance other support services, including the construction and improvement of farm-to-market roads, public markets, irrigation systems, and cold storages, among others. More farmers and fishers assisted LANDBANK’s intensified support to the agriculture sector has translated to 3.5 million farmers and fishers assisted nationwide. More than 766,000 or 22% of these came from the 20 poorest provinces in the country, further advancing its efforts to promote inclusive and sustainable development. Meanwhile, the top provinces with the highest number of beneficiaries assisted by the Bank are Nueva Ecija, Maguindanao, Bohol, Leyte, Pangasinan, Cotabato, Isabela, Cagayan, South Cotabato, and Ilocos Sur. For 2023, the Bank is targeting to increase the number of small farmers and fishers cumulatively assisted to 3.6 million, among other key players in the agri-business value chain. LANDBANK is also partnering with the Department of Agriculture (DA) and the Department of Agrarian Reform (DAR) to reach and serve more farmers and fishers. As of end-December 2022, the Bank’s cumulative loan releases under the programs jointly implemented with DA have reached P15.3 billion to support over 252,000 borrowers. The Bank also released P751.7 million to 229 agrarian reform beneficiaries’ organizations (ARBOs) under the programs it jointly implements with DAR. LANDBANK is likewise working with LGUs nationwide for the construction and rehabilitation of infrastructure projects crucial to creating an efficient agriculture value chain. These include financing for the construction of 953.7 kilometers of farm-to-market roads, 4.5 kilometers of bridges, 50 public markets, and 14 irrigation systems, among others, from January to December 2022 alone.
READ MORELANDBANK helped Isabela corn farmer Levy Mateo turn down private lenders with unfair terms. She now enjoys an affordable interest rate of only 2% per annum under the ACEF Lending Program, allowing her to save for the future and provide a more comfortable life for her family. ILAGAN CITY, Isabela – Born to a family of farmers in the remote barangay of Sindun Bayabo, corn farmer Levy Mateo learned about the value of hard work at a young age. Levy started helping out in their corn fields as a young student and eventually became a full-time farmer. She relied on the three-hectare corn field she inherited from her parents as a means to support her own family, especially in raising her three children. But despite Levy’s diligence over the years, she struggled to enjoy her earnings and save for her family’s future, as she had to allocate a large portion of her income to pay the hefty interest from loans she regularly availed from a private lender. For 12 years, Levy turned to a nearby rice and corn mill that offered loans to farmers in order to sustain her corn production. The mill charged an interest rate of 30% per annum, and as a condition to avail of a loan, required borrowers to sell all of their produce to the mill at a low price—leaving Levy and other farmers with little profit. “’Yung panggastos sana para sa pangangailangan ng aming pamilya, ibabayad pa namin sa napakalaking porsyento ng interes. Pati ang presyo ng mais na ibebenta, sila [rice mill] rin ang nag-didikta,” said Levy. At the height of the Covid-19 pandemic in 2020, Levy’s income decreased further due to the limited movement of goods and strict imposition of lockdowns in the area. She was then faced with a grim circumstance: if she continued to avail of high-interest loans from the mill, there will be almost nothing left for her family and their daily expenses. LANDBANK support It was during this time that Levy was encouraged by a fellow farmer to avail of a loan under the Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program offered by the Land Bank of the Philippines (LANDBANK) and the Department of Agriculture (DA). “Nung nakahiram ako sa LANDBANK, hindi na ako lumipat sa iba. Sa LANDBANK na ako laging lumalapit para sa aming mga pangangailangan sa sakahan. Napakaganda talaga dahil ang baba ng interes ng ACEF,” said Levy. Under the Program, Levy availed of an initial loan for working capital amounting to P120,000—which has since grown to P600,000—for the purchase of farm inputs such as seedlings and fertilizers. With the Program’s affordable interest rate of only 2% per annum, Levy was able to provide a more comfortable life for her family while repaying her loan on time. She was also free to choose a buyer in the market who can offer the best price for her produce, which can reach as high as P1,000 per cavan, multiplied by Levy’s average yield of 400 cavans per harvest. Banking on her good experience as a borrower, she has encouraged fellow farmers to seek assistance from LANDBANK to finance their production, including her own daughter, who likewise ventured into farming. “Ang laki ng pasasalamat ko sa LANDBANK dahil talagang umunlad at guminhawa ang aming pamumuhay. Hindi na kami nagigipit sa pagbabayad ng interes,” she added. Under the ACEF Lending Program, farmers, fishers, their cooperatives and associations, as well as micro and small enterprises (MSEs) can borrow funds from LANDBANK to boost their agricultural productivity. Farmers and fishers can borrow up to P1 million while cooperatives, associations, and MSEs may avail of loans up to P5 million for the purchase of farm inputs and equipment, as well as the acquisition or establishment of agri-based production and processing machineries, equipment, and facilities, among others. LANDBANK has released a total of P9.2 billion in loans under the ACEF Lending Program in support of over 38,900 borrowers composed of small farmers and fishers, cooperatives, and MSMEs nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) joins the Philippine Commission on Women (PCW) in celebrating National Women's Month this March 2023 with the theme, "WE for gender equality and inclusive society," pursuant to Proclamation No. 224, s. 1988. The theme focuses on emphasizing the need for compassionate and harmonized networks toward gender equality and women’s empowerment. ? As we support this celebration, we encourage everyone to use the official Facebook profile frame which can be accessed here: https://twb.nz/2023nwmc #WEcanbeEquALL #NWMC2023 #ServingTheNation #BankingOnTheFilipinoSpirit
READ MOREThe MB Jordan Ferry 2 is one of four modernized vessels of the Guimaras Island Transport Multipurpose Cooperative (GITMPC) financed by LANDBANK that ply the Guimaras-Iloilo route and vice versa. The vessel features spacious seats, wide windows, modern facilities, and can carry up to 80 passengers per trip. GUIMARAS – A little past noon of 03 August 2019, Saturday, the biggest sea mishap in this island’s history came about off Iloilo Strait that claimed the lives of 31 people, which included students, teachers, and tourists. They were onboard three passenger pump boats travelling from the Parola Wharf in Iloilo City to the towns of Jordan and Buenavista in Guimaras. Local accounts described the sea waters that day as calm coupled with fine weather, until suddenly, the clouds turned gray and strong gusts of wind battered and capsized the vessels. This tragedy still haunts local folks today as they talk about it in random daily conversations, still gripped in fear and grief. The tragic incident raised serious concerns on the safety of wooden-hulled pump boats as the means of transportation going to and from Guimaras and Iloilo. More importantly, it prompted operators to comply with the prior circular issued by the Maritime Industry Authority (MARINA) for the phase-out of wooden-hulled vessels, and to shift to steel or fiberglass-hulled ferry boats with modern and improved designs and materials. This drove the Guimaras Island Transport Multipurpose Cooperative (GITMPC), formerly Jordan Motor Banca Cooperative (JMBC), to tap the assistance of the Land Bank of the Philippines (LANDBANK) for the acquisition of four brand new fiberglass passenger boats that can accommodate about 60 to 80 passengers per trip. Apart from keeping maritime transport safe, the LANDBANK-financed vessels have helped to provide a sustainable source of income to over 50 members of the co-op who were previously operating pump boats. “We have so many plans and opportunities to expand the operations of the cooperative, including venturing into the tourism industry, but we lack working capital. That’s why we really appreciate the financial assistance that LANDBANK has been extending to us. We thank them for helping us shoulder our funding needs,” said GITMPC Chair Paglaum S. Villanueva. Due to the mobility restrictions during the COVID-19 pandemic, the co-op’s P20-million loan from LANDBANK in 2020 yielded results only in January 2021 when the ferry boats commenced operations to service an average of 8,000 passengers daily. Safer and more comfortable maritime transport Wendys Marie Erpelua, a public school teacher from Guimaras, is one of the frequent travelers of the Guimaras-Iloilo route. Her co-teacher was among the victims of the tragic sea mishap in 2019. Before GITMPC operated the modern ferry boats, Wendys regularly braved the sea via wooden-hulled pump boats to reach the town of Barotac Nuevo in Iloilo where she teaches. Together with other passengers and bulky cargos, she needed to fit her body in the narrow space of the boat, with limited ventilation and a roof made of tarpaulin for sunlight and rain protection. Wendys Marie Erpelua (rightmost), a public school teacher from Guimaras, now enjoys a comfortable and safer sea travel to reach the town of Barotac Nuevo in the Province of Iloilo. Today, her day-to-day travel is more convenient with spacious seats, wide windows, and modern facilities. She feels more comfortable and safer when traveling from Guimaras to Iloilo and back, from Mondays to Fridays, to fulfill her chosen profession. “Before, nahihirapan ako sa biyahe kasi siksikan at mahirap huminga dahil sa trapal. Ngayon, hindi mo mafi-feel ‘yung pagod kasi maluwag na, merong bintana at malinis. Siguro kung ano ‘yung comfort na nafi-feel ko, ganon din ‘yung nararamdaman ng ibang mga pasahero,” said Wendys. On top of providing a safe and comfortable ride to passengers, the operations of GITMPC has been helping the province to revive its tourism industry, which was weighed down by the sea tragedy and the pandemic. The co-op’s new fleet has also made mobility and movement of goods for small-scale enterprises in Guimaras easier, for improved income which contributes to the local economy. LANDBANK has always considered cooperatives as valuable partners in nation-building, in line with the Bank’s expanded mandate of providing responsive services beyond banking to all clients, publics, and stakeholders. As of 31 January 2023, LANDBANK’s outstanding loans to the cooperative sector have reached P66.6 billion, benefiting over 1,360 co-ops nationwide.
READ MOREIn support of the government’s Public Utility Vehicle (PUV) modernization program led by the Department of Transportation (DOTr) and Land Transportation Franchising and Regulatory Board (LTFRB), the Land Bank of the Philippines (LANDBANK) assured transport groups of accessible and affordable financing to help them make the shift to safer and more efficient vehicles. “LANDBANK continues to extend much-needed financial support to assist drivers and operators upgrade their fleet, in line with the National Government’s transport modernization agenda. We remain committed to the improvement of the country’s public transport system for the benefit of both transport operators and the riding public,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Through the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) Program, LANDBANK has approved P6.9 billion in loans to 144 transport cooperatives and corporations nationwide for the purchase of over 3,120 modern jeepneys as of 31 January 2023. LANDBANK has also raised the available program fund to P10 billion to accommodate more transport cooperatives and corporations. This is the third budget allocation hike made by the Bank from the P1.5 billion initial fund for the Program in 2017. Under the SPEED PUV Program, eligible borrowers may loan up to 95% of the total acquisition cost of the modern public utility jeepney (PUJ), at an affordable interest rate of 6% per annum, or a minimal 0.5% per month, and payable up to a maximum of seven years. This comes with a subsidy of P160,000 per vehicle from the National Government for units classified under Class 1, 2, 3 and 4 category models. Unlike traditional jeepneys, modern PUJs are equipped with safety and convenience features, such as air-conditioning, closed-circuit television (CCTV) systems, Wi-Fi connectivity, and Global Positioning System (GPS). Modern jeepneys likewise have minimal impact on the environment as they are compliant with the European emission standards for globally-accepted vehicle exhaust emission limits. Interested borrowers of the LANDBANK SPEED PUV Program 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 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 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 |
