The 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 MOREThe six major digital banking channels of the Land Bank of the Philippines (LANDBANK) posted an unprecedented P5.6 trillion in terms of value in 2022—equivalent to a 126% growth year-on-year—as the Bank continues to ramp-up efforts toward digital and inclusive banking. The state-owned Bank facilitated a total of 155.8 million digital transactions for a 14% increase over the previous year, as more customers shift to using convenient, reliable, and safe digital banking solutions. “LANDBANK’s digital channels continue to service the growing customer demand for contactless financial transactions. We are driven to support our expanding retail customer base, to deliver convenient and responsive services to more customers nationwide,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The LANDBANK Mobile Banking App (MBA) facilitated the highest number of transactions among the channels at 123.6 million amounting to P227 billion, recording jumps of 19% in transactions and 32% in value from the previous year. Meanwhile, the Bank’s online retail banking channel, iAccess, posted a 15% rise in transactions value year-on-year to P17.7 billion. The LANDBANK Link.BizPortal facilitated 5.8 million transactions amounting to P11.6 billion, equivalent to 49% and 11% increases, respectively. The web-based payment facility also onboarded 314 new partners for a total of 1,136 merchants, of which 798 are from the public sector. For corporate clients, the LANDBANK weAccess yielded a significant leap of 540% in total value over the previous year, with P3.13 trillion in transactions. For national government agency partners, the Electronic-Modified Disbursement System (eMDS) facilitated 2.5 million or 15% more transactions, amounting to P2.1 trillion representing a 22% growth rate. The LANDBANK Bulk Credit System (LBCS) facilitated 1.8 million transactions amounting to P28.5 billion, for increases of 1,526% and 697%, respectively. For 2023, LANDBANK is looking to grow its digital transactions by at least 60% in terms of both volume and value. The Bank is also implementing an intensified communication campaign through its social media channels to help protect customers from phishing scams and other forms of online banking fraud. LANDBANK posts weekly #SafeModeMonday, #FraudFreeFriday and #ScamAlert featuring reminders and best practices on its social media channels, to regularly provide the public with tips on spotting cyberattacks, how to prevent different forms of phishing, and keeping online credentials confidential, among other online security measures.
READ MOREThree years since the country was placed under a state of calamity due to the COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) has approved loans totaling P41.3 billion as of 31 January 2023 to fast-track the recovery of local businesses and cooperatives. Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK has assisted a total of 825 borrowers nationwide, composed of 549 micro and small enterprises (MSEs), 134 cooperatives, 7 microfinance institutions, and 135 large enterprises. “LANDBANK remains committed to support the resurgence of pandemic-hit businesses and cooperatives. We will continue to serve their financial requirements to further advance the country’s ongoing economic recovery,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK first launched the I-RESCUE Lending Program at the onset of the pandemic, designed to provide borrowers timely financial aid at concessional terms, which include a longer repayment period, moratorium on principal and interest payments and lower interest rates. Under the Program, eligible borrowers may loan up to 85% of their emergency or permanent working capital requirements, with an interest rate of 7% fixed for one year and subject to annual repricing thereafter. LANDBANK has extended the I-RESCUE Lending Program until December 2023 to accommodate more potential borrowers. Interested borrowers may contact the nearest 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 MOREPromo Mechanics: Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) OFFER: MASTERCARD x Card on File Rewards Promo Period: March 15 – 20, 2023; April 15 – 20, 2023; May 15 – 20, 2023; June 15 – 20, 2023 The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Save your Mastercard credit, debit, or prepaid card on Lazada from and get PHP 100 OFF! The Promo is valid on regular and sale items at Lazada. Saving credit or debit cards must be made on promo periods indicated from 12:00 am to 11:59 pm Philippine time. Open for up to 5,000 voucher redemptions with option to top up. Saving credit or debit cards must be done on either the My Account or Lazada Wallet pages only. Cards saved upon checkout will not be eligible for the voucher reward. PHP 100 discount applies for a minimum transaction amount of PHP 2,000 charged to the Mastercard Credit/Debit/Prepaid Card. Minimum spend applies to the total amount in cart prior to any discounts. The discount will be available in the voucher wallet immediately upon saving the card on the Lazada platform. Redemption period of voucher reward is from March 15, 2023 – May 20, 2023; April 15 – June 20, 2023; May 15 – July 20, 2023; June 15 – August 20, 2023. Voucher is valid for one-time use for transactions at the Lazada mobile app only. Discount will apply when the voucher is selected at the Payment Page and the eligible Mastercard Credit/Debit/Prepaid Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. Card on File Rewards vouchers can be used with other static and collectible vouchers and voucher codes. TERMS AND CONDITIONS: Only customers who save their card within the promo period are eligible for card on file rewards. Discount can be used once throughout the valid redemption period. Discount is applicable to all Mastercard cardholders. Voucher can be applied at the checkout only when the customer has met the minimum spend requirement and has selected Mastercard as the payment method. Discount is not exchangeable for cash, credit or other goods and services. Discount cannot be applied retroactively. Discount is not applicable to items marked “Discount not applicable on this item”. All cancelled orders will not be valid for re-instatement of Instant Off discounts. The use of discount is subject to the Lazada Voucher Terms and Conditions. CUSTOMER SUPPORT For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact. Per DTI Fair Trade Permit No. FTEB-161340 Series of 2023.
READ MORESEALED PARTNERSHIP – (front row) Bohol Governor Erico Aristotle C. Aumentado (right) and LANDBANK President and CEO Cecilia Cayosa Borromeo (left) lead the signing of a Memorandum of Agreement for the Fish Buy Back Program on 10 March 2023 at the Bohol Provincial Capitol in Tagbilaran City. Joining them are officers of the participating fishers’ associations, fish vendor and trader groups, together with other LANDBANK and local officials. TAGBILARAN CITY, Bohol – The Land Bank of Philippines (LANDBANK) and the Provincial Government of Bohol have partnered for the roll-out of an innovative fish buy-back scheme that will provide local fishers a sure market for their daily catch while reducing the consumer price of fish in the province. Under the Fish Buy Back Program, the Provincial Government of Bohol will directly buy the fish catch of local fishers’ associations and handle the sales to partner trader groups. LANDBANK, for its part, will ensure the availability of affordable financing to support the operations of the participating parties and facilitate the disbursement of cashless payments under the partnership. Bohol Governor Erico Aristotle C. Aumentado and LANDBANK President and CEO Cecilia Cayosa Borromeo Borromeo signed a Memorandum of Agreement (MOA) on 10 March 2023 at the Bohol Provincial Capitol in Tagbilaran City for the Fish Buy Back Program. They were joined by Provincial Administrator Aster C. Caberte, LANDBANK Senior Vice Presidents Elsie Fe NB. Tagupa and Khurshid U. Kalabud, along with participating fishers’ associations, and fish vendor and trader groups. “We are pleased to take part in this timely and impactful initiative to advance the local fishing industry, which will benefit both local fishers and consumers. You can be assured of LANDBANK’s steadfast commitment to the objectives we have set out to accomplish under this program,” said LANDBANK President Borromeo. Under the partnership, LANDBANK will provide loans to 25 participating fishers’ associations through the Department of Agriculture’s (DA) Agricultural Competitiveness Enhancement Fund (ACEF), to support the acquisition of fishing equipment such as fishing boats, marine engines, and fish nets, as well as production inputs for fish cage culture. The Bank will also extend loans to 10 partner fish vendor and trader groups for the purchase of local fish catch from the Provincial Government, including its commercial distribution, at a price lower than the prevailing market price. “I’d like to thank LANDBANK for allowing us to have this project. We cannot do it without your support,” said Governor Aumentado, adding that he looks forward to more collaboration projects with the Bank. The Provincial Government of Bohol is expected to officially implement the Fish Buy Back Program in the four priority municipalities of Talibon, Bien Unido, Getafe, and Buenavista this March at the earliest, with plans of eventual roll-out in other parts of the province. LANDBANK has already approved a total of P162.8 million in loans for 17 fishers’ associations and 7 fish trader groups to jumpstart the Fish Buy Back Program. They will enjoy an annual interest rate of as low as 2%, with a repayment period of five (5) years, payable every six months from the date of the initial drawdown. Meanwhile, in line with the Provincial Government’s push for digitalization, the Program will adopt a cashless arrangement for faster and more secure disbursement of funds. All payments between the Provincial Government, fishers’ associations and trader groups will be facilitated through LANDBANK’s iAccess and weAccess facilities. Members of the participating fishers’ associations have also been encouraged to use the LANDBANK Mobile Banking App and LANDBANKPay to enjoy free and real-time fund transfers.
READ MOREDAVAO 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 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 |
