LANDBANK Sagay Branch facilitates the account opening of unbanked Philippine Identification System (PhilSys) registrants at a registration center in Sagay City, Negros Occidental on June 2, 2021. The Land Bank of the Philippines (LANDBANK) has ramped-up efforts to bring more unbanked Filipinos into the formal banking system, in support for the National Government’s financial inclusion agenda. As of May 31, 2021, LANDBANK has onboarded a total of 3,794,882 unbanked National ID registrants for transaction accounts, of whom 1,071,177 have already received their LANDBANK Agent Banking Cards (ABCs). The cards, which were provided free-of-charge and with no initial deposit requirement, form part of the Bank’s ongoing partnership with the Philippine Statistics Authority (PSA) to co-locate in the Philippine Identification System (PhilSys) rollouts nationwide and provide unbanked registrants with their own transaction accounts. “As we commemorate Independence Day centered on unity, LANDBANK continues to take part in the National Government’s whole-of-nation approach towards reaching and serving more unbanked and underserved Filipinos, helping them to be financially independent. We are one with government partners in fast-tracking initiatives to bridge the financial inclusion gap in the country,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK ABCs are given to unbanked PhilSys registrants through LANDBANK account opening booths at designated co-location areas. As of end-May 2021, LANDBANK has co-located in more than 850 PhilSys registration centers in 32 pilot provinces nationwide. Cardholders can use the LANDBANK ABCs to cash-in, cash-out, and transfer funds at any LANDBANK Branch or Agent Banking Partner. They can also withdraw cash at Mastercard-accepting ATMs, perform cashless transactions, shop online, and receive government subsidies digitally. In the future, the LANDBANK ABCs may be used as contactless cards to pay fares in public transport modes under the Automatic Fare Collection System (AFCS) project of the Department of Transportation (DOTr). With its various efforts to boost financial inclusion in the country, LANDBANK is doing its share in reducing inequality, in helping to free the unbanked from poverty, and in promoting inclusive growth. Financial inclusion provides the unbanked opportunities to save, invest, and avail of affordable credit, leading towards their financial independence. By banking the unbanked, LANDBANK enables government cash grants and pensions to be credited directly into their accounts through cashless fund transfers. Delivering social protection programs Together with the Department of Social Welfare and Development (DSWD), LANDBANK has also distributed a total of 5.6 million LANDBANK Cash Cards to beneficiaries of social protection program nationwide as of May 31, 2021. Of this total, 4.4 million LANDBANK Cash Cards were delivered to DSWD’s Conditional Cash Transfer (CCT) Program beneficiaries. The remaining 1.2 million cash cards were distributed to Unconditional Cash Transfer (UCT) Program beneficiaries, composed of 596,761 and 643,562 beneficiaries under the Social Pension Program for Indigent Senior Citizens and poor households in the DSWD’s Listahanan database, respectively. Through the LANDBANK Cash Cards, beneficiaries receive their government subsidy in a timely, safe, and convenient manner. They can withdraw from LANDBANK’s ATMs, partner cash-out agents, as well as from the ATMs of BancNet-member banks nationwide. They can also use their cards for cashless transactions through point-of-sale (POS) machines. Reaching unbanked and underserved municipalities To reach more unbanked and underserved areas, LANDBANK is also expanding its Agent Banking Program by partnering with more cooperatives, rural banks, local government units, and micro, small and medium enterprises (MSMEs), among others, to help provide basic banking services. From the Program’s full implementation in March 2020 up to May 31, 2021, LANDBANK has certified 111 Full-Suite Agent Banking Partners (ABPs) operating in 48 unbanked municipalities and 159 underserved municipalities or those without a LANDBANK branch. These ABPs facilitate POS cash-out and cash-in services, fund transfers, balance inquiries, bills payment, and account opening with electronic know-your-customer (eKYC) and issuance of LANDBANK ABCs. LANDBANK has also partnered with a total of 645 POS cash-out only ABPs as of end-May 2021, utilizing 959 terminals deployed in 130 unbanked municipalities and 829 underserved municipalities or those without a LANDBANK branch. These POS devices allow cash-out transactions not only for LANDBANK-issued cards but also for other participating BancNet ATM cards. From January to May 2021, a total of 1,665,112 cash-out transactions amounting to P8.19 billion were facilitated by LANDBANK’s ABPs. These represent increases of 4.5% and 11% year-on-year for volume of transactions and value, respectively. Banking on technology The state-run Bank also launched on May 12, 2021, the Digital On-Boarding System Mobile or DOBS Mobile which facilitates online savings account opening anytime, anywhere, in as fast as 10 to 15 minutes—free-of-charge and with no initial deposit requirement—without the need to visit a LANDBANK branch. Powered by Artificial Intelligence, the LANDBANK DOBS Mobile allows interested clients to fill out application forms online, take a “selfie” and upload a valid identification card through the LANDBANK Mobile Banking App (MBA) on their mobile device. This eliminates the need to visit and line up in branches to open an account and support the government’s health protocols during this pandemic. Data from the Bangko Sentral ng Pilipinas (BSP) showed that a basic indicator of financial inclusion for sustainable and equitable national development is ownership of an account held in banks, e-money wallets, and microfinance institutions (MFIs) used to save, send or receive remittance, as well as for income, benefits, and bills payment. In its 2019 financial inclusion survey, the BSP said only 20.9 million Filipinos or 23% of the population own an account. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Overseas Filipino Bank (OFBank) marked its first successful year as a branchless digital-only bank last June 29 by onboarding clients from a total of 113 countries and territories as of May 31, 2021. These include the top 10 destinations for the deployment of overseas Filipino workers (OFWs), namely Saudi Arabia, United Arab Emirates (UAE), Singapore, Hong Kong, Qatar, Kuwait, Taiwan, Italy, Bahrain, and Malaysia. OFBank’s cash inflow also reached P1.51 billion, composed of P849.9 million and P657 million in domestic and remittance inflows, respectively. Total outflows from withdrawals via over-the-counter (OTC), automated teller machines (ATMs) and electronic banking amounted to P1.25 billion, yielding the Bank an outstanding balance of P256.3 million as of end-May 2021. A wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK), the OFBank also officially became the very first digital bank in the Philippines after securing a digital banking license from the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on March 25, 2021. “The transformation of OFBank as a branchless digital-only bank has allowed it to serve the diverse requirements of overseas Filipinos abroad and their families back home, providing them a convenient, reliable, and secure banking experience,” said OFBank Chair and LANDBANK President and CEO Cecilia C. Borromeo. As a digital-only facility, the OFBank utilizes the Digital Onboarding System with Artificial Intelligence (DOBSAI) which allows OFWs and other Filipinos overseas and their beneficiaries to open a mobile banking deposit account online through supported mobile devices. Digital services available to OFBank account holders include fund transfers, bill payments, and government bond purchases. During the Bureau of the Treasury’s (BTr) Premyo Bonds 2 offering from November to December 2020, a total of 3,517 transactions amounting to P40.7 million were transacted through the bond purchase feature of the OFBank’s Mobile Banking App (MBA). A total of 380 transactions worth P8.3 million were also coursed through the Bank’s mobile app for the BTR’s 25th Tranche of the Retail Treasury Bonds or RTB-25 issuance from February to March 2021. As part of its financial literacy campaign, OFBank conducted 156 webinars and 336 pre-departure orientations for overseas and departing Filipinos between June 2020 and May 2021 to promote its products and services, and discuss the importance of saving, budgeting and investing, among others. The seminars were facilitated in close coordination with the LANDBANK’s Overseas Remittance Group (LBP-ORG), Philippine embassies and consulates, the Philippine Overseas Employment Administration (POEA), and the Overseas Workers Welfare Administration (OWWA). “OFBank has become a trailblazer in the country’s banking industry with its innovative products and services. We strive to continuously upgrade our operations, systems, and processes to deliver accessible and responsive banking solutions for Filipinos worldwide,” said OFBank President and CEO Leila C. Martin. OFBank is on track to enhance its mobile banking app with the inclusion of more payment merchants and the addition of a card-less withdrawal feature, among other enhancements. For more updates, please Follow, Like and Share the official OFBank Facebook Page (@OFBank), or visit the OFBank website (www.ofbank.com.ph).
READ MOREBusiness owners from Navotas City can now settle their permits and licenses faster, safer, and more convenient through the Link.BizPortal facility of the Land Bank of the Philippines (LANDBANK). The City Government of Navotas partnered with the state-owned Bank to provide an alternative online payment facility for its Electronic Business Permits and Licensing System (eBPLS), which was launched on June 24, 2021 as part of Navotas City’s celebration of 14th cityhood anniversary. Navotas City Mayor Tobias Reynald M. Tiangco and Navotas City Congressman John Reynald M. Tiangco led the virtual launch event, joined by LANDBANK Branch Banking Sector Head, Executive Vice President Julio D. Climaco, Jr., and LANDBANK North NCR Branches Group Head, Senior Vice President Marilou L. Villafranca. Also present in the event were Anti-Red Tape Authority (ARTA) Director General Jeremiah B. Belgica, ARTA Technical Working Group (ARTA-TWG) Head Violeta M. Perez, and other local government officials. The integration of Link.BizPortal with Navotas City’s eBPLS forms part of the Memorandum of Agreement (MOA) signed between the Local Government Unit (LGU) of Navotas City and LANDBANK on February 9, 2021. Under the agreement, the LANDBANK Link.BizPortal will allow the constituents of Navotas City to pay local government fees online. As a partner-merchant, Navotas City can access this Portal and track collections per day in real-time basis. “LANDBANK’s digital payment facilities such as the Link.BizPortal help LGUs in providing safe and secure online payment solutions for their constituents. We will continuously collaborate with more government partners as we push for greater financial digitalization under the new normal and beyond,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK Link.BizPortal supports the National Government’s thrust to improve the ease of doing business and promotes good governance. It will help decongest foot traffic and long queues in the Navotas City Hall and promote transparency by eliminating face-to-face transactions, reducing opportunities for red-tape, corruption and other fraudulent practices. Meanwhile, LANDBANK continues to record a surge in the use of its digital and e-banking channels ever since mobility restrictions were implemented in March last year to help stem infections brought about by COVID-19. From January to May 2021, the Bank’s five major electronic channels—Mobile Banking App, weAccess, iAccess, Link.BizPortal, and Electronic Modified Disbursement System (eMDS)—facilitated a total of 50.8 million transactions valued at P863.76 billion. These represent increases of 12% and 63% in volume of transactions and value, respectively, over the same period a year ago. Specifically, the LANDBANK Link.BizPortal recorded 1.58 million transactions amounting to P3.78 billion, equivalent to 127% and 156% growth rates, respectively. The Link.BizPortal is an electronic payment facility that allows individual and institutional clients to pay for products and services online of 789 enrolled partner-merchants nationwide as of end-May 2021. For more information about LANDBANK’s e-banking services, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.
READ MOREAs part of its continuing support to Overseas Filipino Workers (OFWs), the Land Bank of the Philippines (LANDBANK) has approved loans worth P1.89 billion for 1,297 borrowers under the OFW Reintegration Program (OFW-RP) since its launch on May 2011. Of this amount, P1.84 billion has been released as of end-May 2021. Jointly implemented with the Overseas Workers Welfare Administration (OWWA), the facility offers credit assistance to OFWs to pursue business opportunities as an alternative to overseas employment. The Bank has earmarked P1 billion for the said Program. LANDBANK said that loan applications under the OFW Program increased steadily since the COVID-19 outbreak, with total approved loans reaching P219 million for 176 borrowers from March 15, 2020 to May 31, 2021. “We understand the financial difficulties being faced by many OFWs due to the ongoing pandemic that has affected overseas deployments. Through the OFW Reintegration Program, LANDBANK is closely working with OWWA in supporting OFWs to acquire their own businesses as an alternative source of income,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the OFW-RP, eligible OFWs may avail of loans for working capital or acquisition of fixed assets at a minimum amount of P100,000 and up to P2 million for a single proprietor borrower, and P5 million for a group of OFW borrowers, with a fixed interest rate of 7.5% per annum. The short-term loans under the Program are payable up to one (1) year, while the tenor for term loans shall be based on cash flow but not to exceed seven (7) years, inclusive of a maximum two (2) years grace period on the principal. Aside from providing access to credit, LANDBANK has also been supporting OFWs by facilitating the efficient delivery of financial support under the social amelioration programs of the Department of Labor and Employment (DOLE). As of May 28, 2021, LANDBANK has transferred a total of P3.06 billion to DOLE’s regional accounts for distribution to beneficiaries under the Department’s Abot Kamay ang Pagtulong (AKAP) for OFWs Program and the Tabang OFW Program. At the same time, the Overseas Filipino Bank (OFBank) was launched on June 29, 2020, to provide a safe, convenient and responsive banking experience to OFWs and their beneficiaries. A wholly owned subsidiary of LANDBANK, the OFBank is officially the first branchless digital-only bank in the country after securing a digital banking license from the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) on March 25, 2021. As of May 31, 2021, a total of 37,199 accounts were opened through the OFBank’s Digital On-Boarding System with Artificial Intelligence (DOBS-AI), which allows OFWs and Filipinos residing overseas to open a mobile banking deposit account online through their mobile devices. Interested borrowers for the OFW Reintegration Program may contact the nearest open LANDBANK Lending Center or Branch nationwide or call LANDBANK’s customer service at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) is stepping-up its campaign on mobile banking as it inaugurates another LANDBANK Mobile Branch at the PNP Grandstand, Camp BGen. Rafael T. Crame in Quezon City on July 23, 2021, in partnership with the Philippine National Police (PNP). Housed in a six-wheeler truck, the LANDBANK Mobile Branch functions as a pop-up branch to service communities across the country with disrupted or limited access to banking services. These include areas affected by calamities and other unexpected events. As part of its efforts to bring more unbanked Filipinos into the formal banking system in support of the National Government’s financial inclusion agenda, the LANDBANK Mobile Branch will also be deployed in unbanked and underserved communities. LANDBANK brought its new Mobile Branch to the PNP’s national headquarters for one whole day to cater exclusively to the banking needs of the country’s police officers and personnel. A total of 10 PNP officers and 100 PNP recruits opened their own LANDBANK ATM and payroll accounts, respectively. PNP Chief Police General Guillermo Lorenzo T. Eleazar and Executive Vice President Julio D. Climaco, Jr., head of LANDBANK’s Branch Banking Sector, led the blessing and inauguration of the LANDBANK Mobile Branch. Joining them from the PNP were Police Lieutenant Generals Joselito Manalad V. Cruz, Israel Ephraim T. Dickson, and Dionardo B. Carlos; Police Major General Rodolfo S. Azurin, Jr; and Police Brigadier Generals Jose Melencio C. Nartatez, Jr. and Jason D. Ortizo. Also at hand were officials from LANDBANK led by Senior Vice President Ramon R. Monteloyola, head of the South National Capital Region Branches Group; Senior Vice President Marilou L. Villafranca, head of the North National Capital Region Branches Group; and Assistant Vice President Atty. Rosemarie J. Romillo, head of the Camp Crame Branch. The LANDBANK Mobile Branch can facilitate banking services such as account opening and maintenance, deposit, withdrawal, encashment, debit or credit memo, online collection payment, enrollment in e-banking facilities, and ATM services. It is also designed to assist the National Government during retail and emergency disbursements or payouts, including cash subsidies distribution under the programs of the Department of Social Welfare and Development (DSWD) and other government agencies. The LANDBANK Mobile Branch unit in Camp Crame, Quezon City, is one (1) of two (2) mobile branches recently rolled-out by LANDBANK, following the very first launch held in San Fernando City, Pampanga last July 21, 2021. The Mobile Branch will be heading south next to Legazpi City, Albay on July 29, 2021. At present, LANDBANK has a total network of 411 branches and 66 branch-lite units, composed of branch-lites, Agri-Hubs, LEAFs, tellering booths, and FX booths across all 81 provinces in the country. This is complemented by 55 lending centers in strategic areas nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) and the Metro Manila Development Authority (MMDA) launched an online facility for a safer and more convenient collection of MMDA payments, fees, and charges. The MMDA will be utilizing LANDBANK’s Link.BizPortal as an alternative online payment facility for the settlement of traffic violations and anti-littering penalties. The MMDA is tasked to provide services within Metro Manila related to urban development plans, transport and traffic management, waste disposal, flood and sewer control, health and sanitation, pollution control, and public safety. Through this partnership, MMDA clients may settle their penalties using the Link.BizPortal accessible on the MMDA and LANDBANK websites, and pay online using their LANDBANK, OFBank, BancNet, or PayGate accounts. Clients may also use the cash payment option of the Link.BizPortal and complete their transaction at more than 80,000 cash acceptance outlets nationwide. MMDA Chairman Benjamin “Benhur” Abalos, Jr., and Executive Vice President Julio D. Climaco, Jr., LANDBANK Branch Banking Sector Head, led the launch on July 27, 2021, at the MMDA Building in Makati City. “Our new collaboration proves to be timely and relevant as we continue to promote safer cashless transactions in the new normal. As the MMDA advances initiatives to ease vehicle buildups on our roads, LANDBANK contributes to decongesting foot traffic in government offices by providing alternative digital payment channels for clients,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK Link.BizPortal is a web-based payment channel that allows clients to pay for products and services online to over 790 partner merchants nationwide. It also promotes transparency and efficiency by eliminating face-to-face transactions while reducing opportunities for red-tape, corruption and other fraudulent practices. With this partnership, the MMDA joins the roster of national government agencies supported by the LANDBANK Link.BizPortal. These include the Philippine National Police (PNP), Bureau of Internal Revenue (BIR), Department of Health (DOH), Department of Labor and Employment (DOLE), Department of Science and Technology (DOST), and the Department of Trade and Industry (DTI), among others. Meanwhile, the usage of LANDBANK’s digital and e-banking channels continues to surge, as more financial consumers shift to digital banking due to the mobility and safety restrictions brought about by COVID-19. As of June 30, 2021, the LANDBANK Link.BizPortal has successfully facilitated 1.89 million transactions amounting to P4.63 billion, representing increases of 113% and 133%, respectively, year-on-year. This growth is consistent across the Bank’s five major electronic channels—the LANDBANK Mobile Banking App, weAccess, iAccess, Link.BizPortal, and Electronic Modified Disbursement System (eMDS)—which breached the P1 trillion mark in value by facilitating a total of 61.91 million transactions amounting to P1.117 trillion. A major portion of this milestone is attributed to the combined value of P1.030 trillion facilitated by the LANDBANK weAccess—the internet banking facility for institutional clients—and the eMDS for government agencies. For more information about LANDBANK’s e-banking services, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.
READ MOREIn support to the National Government’s Ease of Doing Business and financial inclusion initiatives, the Land Bank of the Philippines (LANDBANK) reported a sustained increase in the usage of its major electronic banking channels, including payment systems used by national and local government agencies, in the first seven months of the year. The report follows the recent call of the Anti-Red Tape Authority (ARTA) for government agencies to digitize their payment systems, as part of their compliance to Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. From January to July 2021, LANDBANK’s web-based e-payment platform, the Link.BizPortal, facilitated 2.3 million transactions amounting to P5.57 billion, representing 105% and 103% growth rates year-on-year, respectively. The Link.BizPortal facilitates easy payment for products and services online to over 800 partner merchants nationwide, 473 of which are from the public sector. Likewise, the Bank’s Electronic Modified Disbursement System (eMDS) for national government agency partners also reached 1.1 million transactions amounting to P925.28 billion, translating to 36% more transactions and a 74% jump in value from the same period last year. “LANDBANK continues to answer the call for accessible, reliable, and safe electronic banking in the new normal, driven by the varied needs of customers due in large part to the pandemic. We are committed to collaborating with more government partners to make financial services much more accessible, towards promoting Ease of Doing Business and advancing greater digital financial inclusion in the country,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s e-banking channels continue to surge in July Together with the LANDBANK Link.BizPortal and eMDS, the Bank’s roster of major e-banking channels—including the LANDBANK Mobile Banking App, weAccess, iAccess—breached the P1-trillion mark by facilitating transactions with a total value of P1.307 trillion, up by P516.45 billion or 65% from the same period last year. In addition, the channels recorded a combined 73.5 million transactions for a 12% increase year-on-year. The LANDBANK weAccess dedicated for corporate clients facilitated P277.43 billion through 11.3 million transactions. These are equivalent to increases of 31% and 22%, respectively, year-on-year. The LANDBANK Mobile Banking App recorded 55.72 million transactions up 48%, with a total value of P89.9 billion or a 136% increase from the previous year. Lastly, the LANDBANK iAccess, which caters to the online banking needs of individual retail clients, reported a total of 3.1 million transactions valued at P8.86 billion, with the latter notching a 49% increase over the same period last year. Meanwhile, LANDBANK’s Digital On-Boarding System (DOBS)—the first online account opening portal among universal banks in the Philippines introduced in November 2018—has facilitated the opening of 1.67 million deposit accounts as of June 30, 2021, which includes accounts opened for Overseas Filipino Bank (OFBank) depositors. Just recently, LANDBANK also launched the DOBS Mobile, which facilitates online savings account opening in as fast as 10 to 15 minutes. The LANDBANK DOBS Mobile eliminates the need to line up in branches to open an account, in support of the National Government’s Ease of Doing Business (EODB) initiative, as well as safety protocols amid the ongoing pandemic. LANDBANK also continues to waive fees for inter-bank fund transfers via InstaPay and PESONet for retail clients until September 30, 2021. For more information about LANDBANK’s e-Banking products and services, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.
READ MOREThe Supreme Court of the Philippines and Land Bank of the Philippines (LANDBANK) have partnered to offer aspiring lawyers convenient options to settle their fees for the upcoming Bar examinations scheduled on all four (4) Sundays of November 2021. The Supreme Court’s Office of the 2020/2021 Bar Examinations Chairperson recently announced that 24 institutions have been approved to serve as local testing centers nationwide, and that Bar applicants can also pay the Bar application fee online through LANDBANK’s Link.BizPortal as an additional option. Starting last July 29, 2021, applicants may settle their Bar exam fees via the Link.BizPortal facility, while over-the-counter (OTC) payments at any LANDBANK branch or branch-lite unit nationwide are being accepted since July 15. The Link.BizPortal is LANDBANK's electronic payment facility that allows clients to safely and conveniently pay for products and services online to over 800 enrolled partner-merchants nationwide, anywhere, anytime. "LANDBANK has partnered with the Supreme Court to provide alternative payment methods, in line with keeping aspiring lawyers safe and focused during their preparation for the Bar exam. We will continue to partner with more government and private institutions to provide fast and convenient payment services under the new normal," said LANDBANK President and CEO Cecilia C. Borromeo. From January to July 2021, LANDBANK's five major electronic channels—Mobile Banking App, weAccess, iAccess, Link.BizPortal, and Electronic Modified Disbursement System (eMDS)—facilitated a total of 73.5 million transactions valued at P1.307 trillion. These represent increases of 12% and 65% in volume of transactions and value, respectively, over the same period last year. In particular, the Link.BizPortal facility recorded 2.3 million transactions amounting to P5.57 billion, equivalent to 105% and 103% increases year-on-year, respectively. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) presents more convenient investment channels for the public to participate in the Bureau of the Treasury’s (BTr) first-ever Retail Dollar Bond (RDB) offering in the country. Launched on 15 September 2021, the RDBs are United States (US) dollar-denominated bonds that allow retail investors to mobilize and grow their savings while helping fund the National Government’s recovery and resiliency programs. The RDBs—available at a minimum investment of US$300 and increments of US$100 thereafter—can be purchased using either US dollar or Philippine peso accounts. For the latter, LANDBANK will facilitate the currency conversion of peso to US dollar to access the bonds, including the interest and principal payments. For the first time, interested investors can use the LANDBANK Mobile Banking App (MBA) to purchase the RDBs and complete the transaction in as fast as five minutes, even less. This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. Investors can also make online placements for the RDBs through the BTr Online Ordering Platform and settle the payments via the LANDBANK Link.BizPortal online payment facility. Over-the-counter placements are also accepted in all LANDBANK branches nationwide. “We are inviting the investing public to support the BTr’s Retail Dollar Bonds offering to expand their portfolio and contribute directly to the government’s recovery and development agenda. Through LANDBANK’s online investment channels, individual investors worldwide can invest safely and conveniently in these bonds that offer relatively higher returns,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK serves as the Joint Lead Issue Manager for the RDB issuance, as part of its continued support to advancing greater financial inclusion and boosting the state’s resources to fund various recovery and development projects.
READ MOREThe Land Bank of the Philippines (LANDBANK) contributed US$205.27 million or close to 13% of the US$1.593 billion generated from the maiden Retail Dollar Bond (RDB) offering of the Bureau of the Treasury (BTr). The proceeds will fund infrastructure projects and boost health services to fast-track the country’s ongoing economic resurgence, after suffering from debilitating effects of the COVID-19 pandemic. From 15 September to 1 October 2021, the state-run Bank sold the RDB offer through various investment channels, which allowed Filipino retail investors worldwide to participate in the said offering safely and conveniently. Of LANDBANK’s total RDB sales, US$95 million was raised during the rate-setting auction at the launch event held on September 15. The remaining US$109.94 million and US$329,700 were facilitated via over-the-counter placements at LANDBANK branches and online channels, respectively. About US$203,500 of LANDBANK’s RDB sales online was facilitated through the mobile banking application (MBA) of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK. Likewise, US$107,800 was transacted using the LANDBANK MBA, while the remaining US$18,400 was processed through the BTr’s Online Ordering Facility via LANDBANK’s Link.BizPortal. “A significant draw to the RDB offering was the availability of various investment channels that provided greater convenience and accessibility to retail investors worldwide. The wide participation in this offering also demonstrates the increasing appreciation for the government’s affordable and higher-yielding investment instruments that spur economic recovery and development,” said LANDBANK President and CEO Cecilia C. Borromeo. The RDBs are United States (US) dollar-denominated bonds offered at a minimum investment of US$300 and increments of US$100 thereafter, with annual interest rates of 1.375% and 2.25% for the five- and 10-year bonds, respectively. Interest payments will be paid quarterly during the term of the bond. LANDBANK is Joint Lead Issue Manager for the RDB issuance, as part of its continued support to advance greater financial inclusion and raise state resources for timely and responsive recovery and development initiatives.
READ MOREAs of Fri, August 1, 2025
| Buying | Selling | |
|---|---|---|
| USD | 58 | 58.5 |
| JPY | 0.380722 | 0.395403 |
| EUR | 65.512202 | 68.029015 |
| GBP | 75.782551 | 78.693924 |
| HKD | 7.386916 | 7.935183 |
As of Thu, July 31, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.574664 |
| Money Market Fund | 1.324039 |
| Money Market Plus Fund | 1.236451 |
| PERA Money Market Fund | 1.031509 |
| Medium-Term Bond Fund | 2.490768 |
| PERA Bond Fund | 1.217318 |
| Balanced Fund | 2.69391 |
| Growth Fund | 2.638311 |
| Alpha Equity Fund | 3.12469 |
| Blue Chip Equity Fund | 0.967652 |
| Equity Fund | 0.816179 |
| High Dividend Equity Fund | 1.043178 |
| US$ Money Market Fund | 1.443192 |
| Global $ Fund | 1.554514 |
| Bond Fund | 2.049094 |
