For your daily adventures, your daily grind— Urbanize is here to help make your life easier and better! Partnered with well-known global and local brands such as Pacsafe, U Elements, CabinZero, and The Coldest Water, you can get everything you need here and more. May it be a new anti-theft backpack or an insulated tumbler big enough for your next trip, Urbanize has got it all for you. Mastercard cardholders enjoy 10% off on all regular items with min purchase of PHP 6,500. Redemption Instruction: To redeem this offer, please present your Mastercard. Terms & Conditions: • Offer cannot be availed in conjunction with any other promotion. • Cardholders to use their Mastercard branded cards to avail the offer. • Offers are only applicable with in-store transactions only.
READ MOREThe Land Bank of the Philippines (LANDBANK) posted a net income of P31.85 billion in the first nine months of the year, which is the highest ever for the Bank since it first breached the P30 billion mark at the end of 2022. The P31.85 billion profit is a significant 24% expansion from P25.7 billion in 2022. It also exceeds the state-run Bank’s target of P26.3 billion for the first three quarters by P5.6 billion, and represents 90.9% of the P35 billion full-year target for 2023. “The unprecedented income was driven by the aggressive expansion of our developmental loan portfolio, coupled with robust yields from loans and investments. We have likewise been prudent and disciplined with managing our expenses to maximize gains. We will ensure that our solid balance sheet continues to translate to substantial and meaningful support to the sectors we serve,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank generated P91.15 billion interest income from loans and investments, 35.9% higher than last year. LANDBANK’s total assets also booked double-digit growth of 11.5% to P3.1 trillion from P2.8 trillion. The increase was propelled by the 12.8% year-on-year expansion of deposits to P2.7 trillion. Meanwhile, the Bank’s capital likewise rose substantially by 21.9% to P249.2 billion from P204.4 billion in 2022, already exceeding the full-year target of P243.8 billion for 2023. LANDBANK’s financial ratios remain at healthy levels, with Capital Adequacy Ratio (CAR) at 16.15% and Common Equity Tier 1 (CET 1) at 15.30%, both well above the minimum requirements of the Bangko Sentral ng Pilipinas (BSP). Return on Equity stood at 15.97%, significantly higher than industry at 13.0% as of June 2023. LANDBANK ranks among the top universal banks in the country, coming in second in assets and deposits, and fourth in loans and capital as of the first semester of 2023.
READ MOREPCO Secretary Atty. Cheloy Velicaria-Garafil, MNSA (2nd from left) and LANDBANK Senior Vice President Marilou L. Villafranca (3rd from left) lead the signing of a Memorandum of Agreement for the Government Purchase Card (GPC) Program on 11 October 2023, at the Palacio de Maynila in Malate, Manila. They were joined by PCO Undersecretary Cherbett Karen L. Maralit (leftmost) and LANDBANK First Vice President Cielito H. Lunaria (rightmost). Towards advancing efficient, transparent, and swift government procurement, the Presidential Communications Office (PCO) has partnered with the Land Bank of the Philippines (LANDBANK) for the use of the Government Purchase Card (GPC) to pay for official goods and services. The GPC is similar to a credit card in function, designed to shorten and simplify the requisition process for government agencies and offices, as well as streamline the disbursement of payments to suppliers. PCO Secretary Atty. Cheloy Velicaria-Garafil, MNSA, and LANDBANK Senior Vice President Marilou L. Villafranca led the signing of the Memorandum of Agreement (MOA) on 11 October 2023 at the Palacio de Maynila in Malate, Manila. They were joined by PCO Undersecretary Cherbett Karen L. Maralit and LANDBANK First Vice President Cielito H. Lunaria. “Our overarching goal for the GPC Program is to expedite the delivery of meaningful and responsive public service, helping government agencies like the PCO to eliminate procurement lead time, facilitate digital and quicker payments, and lower administrative costs for purchases,” said LANDBANK President and CEO Lynette V. Ortiz. Under the Agreement, LANDBANK will issue Government Purchase Cards to authorized PCO personnel for the payment of eligible goods and services, such as miscellaneous small-value purchases; travel and representation; hotel and lodging; computer software, services, and digital content; and fuel, automotive parts, and services, among others. The GPC features pre-defined expenditure and credit limit; e-mail alerts for all GPC transactions; availability for online and cashless transactions via Point-of-Sale (POS); and monthly electronic statement of accounts. “This partnership is a step towards embracing digitalization to better serve the Filipino people. We thank LANDBANK for supporting the PCO in our digitalization journey,” said PCO Sec. Atty. Cheloy Velicaria-Garafil, MNSA. The PCO joins other government offices that are currently using the GPC, including the Office of the Vice President (OVP), Department of Finance (DOF), Department of Trade and Industry (DTI), Department of Budget and Management (DBM) and Bureau of the Treasury (BTr), among others. As of end-September 2023, LANDBANK has facilitated through the GPC combined transactions amounting to P19.7 million for various purchases and payments.
READ MOREThe Land Bank of the Philippines (LANDBANK) is giving clients a great reason to keep building their savings to reach their financial goals faster and safer. Individual depositors can now get more out of their savings through the LANDBANK OptiSaver—a new premium savings account that offers tiered interest rates as high as 4%* based on average daily balance. The LANDBANK OptiSaver offers to maximize savings with optimal interest rates as one of the financially rewarding deposit products out there – far surpassing the interest rates provided by traditional savings accounts. “With the LANDBANK OptiSaver, your money doesn’t simply rest, it works for you every single day. Whether you are saving for your dream home, a new car, a grand vacation, or a secure retirement, the OptiSaver can be your reliable partner in realizing these aspirations for you and your family,” said LANDBANK President and CEO Lynette V. Ortiz. As a savings account and not a time-bound investment product, the LANDBANK Optisaver has no tenor and allows account holders to withdraw cash at any time, which is especially important for emergencies. “We are inviting everyone to open an OptiSaver account today and maximize the potential of your savings. Let your money work for you and grow your savings faster and safer with LANDBANK,” President Ortiz added. LANDBANK has also made it very convenient for clients to deposit funds to their OptiSaver account digitally or in-person via various touchpoints, to keep them motivated to continue growing their savings and get higher interest rates. Interested depositors may open their LANDBANK OptiSaver account online via the LANDBANK Mobile Banking App (MBA) or by visiting any of the 606 LANDBANK branches and branch-lite units nationwide. For more information about the LANDBANK OptiSaver, please visit the official LANDBANK website and social media channels, contact the nearest LANDBANK 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 MORECustomers of the Land Bank of the Philippines (LANDBANK) can now enjoy free online fund transfers to other banks via InstaPay and PESONet for transactions worth P1,000 and below effective 01 November 2023. For interbank fund transfers amounting to more than P1,000, customers can continue to enjoy a lowered fixed transaction fee of P15 from the previous rate of P25. LANDBANK’s waiving of transfer fees helps clients send money to loved ones in a safe, secure, and convenient manner, towards advancing greater financial inclusion and participation in the digital economy. “We are thrilled to announce that LANDBANK is waiving transaction fees for small-value online fund transfers to other banks. This is our holiday gift to our valued customers, as we continue to promote safe and convenient digital transactions,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK clients can enjoy waived transfer fee for their first three online fund transfers/transactions in a day via the LANDBANK Mobile Banking App (MBA), and the Bank’s online retail banking channel, the iAccess. Fund transfers from and to LANDBANK and Overseas Filipino Bank (OFBank) accounts, regardless of the amount, remain free of charge. The latest move of LANDBANK supports the call of the Bangko Sentral ng Pilipinas (BSP) to promote cashless payments by removing the fees on small-value fund transfers. Last July, LANDBANK increased the daily aggregate amount limit of fund transfers via InstaPay from P50,000 to P100,000 and via PESONet up to P500,000 and P1.5 million in LANDBANK MBA and iAccess, respectively. Daily transaction limit for fund transfer and bills payment has been removed, allowing customers to perform an unlimited number of transactions per day. Meanwhile, LANDBANK urges its customers to remain vigilant against online banking fraud by not clicking links from unknown senders. Customers are also reminded never to share and keep private their username or log-in ID, password, OTP and other account information.
READ MOREMECHANICS: For a minimum single receipt purchase of PHP2,000 via Tap to Pay through VISA Card (credit, debit and prepaid) in any of the participating SM Retail Affiliate gives the cardholder one (1) electronic raffle entry for a chance to win one of the six (6) brand-new Hyundai Stargazer 1.5 GL IVT in Dragon Red and one of the five (5) brand new Hyundai Creta 1.5 GL IVT in Dragon Red. The cardholder must enroll his/her transaction by scanning the QR code. Customer to input: Full Name, Full Address, Contact Number, Name of Merchant, Upload of Receipt Purchase of cell cards, phone cards, SM Gift cards, SM Gift Pass, Concert Tickets, Bills Payment products, and other product at the Customer Service Counter are not entitled to any raffle entry. Splitting of transactions is prohibited and shall not be allowed to be eligible for a raffle entry. Promo period is from October 1 to November 30, 2023. Deadline of submission of entries is on November 30, 2023 at 10PM or mall’s closing hours. Electronic Raffle Draw will be held on December 5, 2023 in the presence of DTI and SM representative. There will be 6 winners of brand-new Hyundai Stargazer 1.5 GL IVT in Dragon Red and 5 Creta 1.5 GL IVT in Dragon Red. Winner can only be drawn once. In case a name was drawn more than once, he/she will get the prize of higher value. SM Supermalls and Visa reserve the right to verify the eligibility of the winning entry. The winner’s Visa credit card account must be active and in good standing for the duration of the raffle draw and the 60-day redemption period. Participants shall be solely responsible for any taxes or duties payable by them as a result of participation in the promotion or winning the prize. Prizes are not convertible to cash and non-transferrable. Winners will be given sixty (60) days upon receipt of notification to claim the prize. After the 60-days claiming period, unclaimed prizes will be forfeited in favor of SM Supermalls with the prior approval of DTI. Winners will be notified via phone call through contact details given (where to claim the prize), and announced via social media sites of participating SM malls. Upon claiming his/her prize, winner must present registered mail, two (2) government issued IDs (any of the following: Driver’s License, SSS, Passport, Birth Certificate, TIN) Winner must present his/her winning VISA Credit Card upon claiming his/her prize. Requirement of winner’s representative in claiming the prize – an authorization letter from the winner, winner’s registered mail, winning claim stub, photocopy of winner’s VISA credit card and valid identification (Passport, Driver’s License or SSS I.D. of both the winner and his/her representative). The winner’s representative must also present original copies of the same required valid forms of identification and a copy of the winner’s TIN. Winner will shoulder the 20% Prize Tax for prizes exceeding PHP 10,000.00 as well as other related vehicle registration fees. The prize is transferable but not convertible to cash or any other item. Prize may be transferred to the winner’s nominated recipient who is able to satisfy the requirements for the claiming of prize. All participating malls and VISA reserve the right to disclose and publish name, photos and other information of the winner in any mode or manner, as relevant to the Promotion, in any mode or manner as they may deem appropriate. SM Supermalls and Visa reserve the right to disclose and publish name, photos and other information of the winner in any mode or manner, as relevant to the Promotion, in any mode or manner as they may deem appropriate. Employees, Management and Board of Directors of Shopping Center Management Corp. and VISA and its accredited advertising agencies and their relatives up to 2nd degree of consanguinity or affinity are disqualified from participating in the promotion. The promo organizer’s decision with regards to the Promo Mechanics, winners and prizes, with the concurrence of DTI, is final. By participating in the promotion and/or accepting the prizes, the promotion cardholder agrees to hold Visa and SM free and harmless from any loss, injury, or damage caused by or arising from his/her participating in the promotion or caused by or arising from his/her acceptance in the promo SM Retail Affiliate Stores, SM Supermalls, and Visa will not replace lost or damaged receipt caused by the cardholder. Per DTI Fair Trade Permit No. FTEB-175165 Series of 2023. Click here for the list of participating malls and SM retail affiliates.
READ MOREThe Land Bank the Philippines (LANDBANK) was ranked by Forbes as the 6th best employer in the Philippines for 2023—the only government institution to achieve this distinction. The state-run Bank also placed 304th overall globally in the latest Forbes’ World’s Best Employer list, based on a survey of over 170,000 employees from multinational companies and institutions in over 50 countries. The survey rated employers based on various criteria that includes talent development, remote working options, parental leave benefits, diversity, work-life balance, and pride in the company’s products or services. "Our employees are our greatest asset, right at the center of our vision, purpose, and mandate as a development institution. This recognition highlights our continuous commitment to prioritize our employees and put them in positions where they can best grow and succeed," said LANDBANK President and CEO Lynette V. Ortiz. Based on Forbes’ survey, LANDBANK’s efforts to maintaining a positive workplace contributed significantly to its ranking, coupled by its dedication to providing employees with opportunities for professional growth and ensuring a balanced work-life equation. LANDBANK is focused on further enhancing its talent management, strive for employee satisfaction, and cultivate a collaborative work culture towards delivering service excellence. The Bank implements various policies centered on physical and mental wellness, and facilitates relevant training and development programs. LANDBANK is celebrating its 60th anniversary this year, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MOREThe Land Bank of the Philippines (LANDBANK) has delivered P1.1 billion worth of fuel subsidy to 190,130 public utility vehicle (PUV) drivers and operators as of 09 November 2023, as part of its continued support to the transport sector amid rising fuel prices. Under the Fuel Subsidy Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB), LANDBANK has distributed subsidies to drivers and operators of public utility jeepneys and buses, taxis, and transportation network vehicle services (TNVS), among other qualified beneficiaries. “LANDBANK is one with the National Government in extending timely and responsive assistance to the local transport sector. Rest assured that we are ramping up the delivery of fuel subsidy to support PUV drivers and operators nationwide,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK is closely coordinating with the DOTr and LTFRB for the immediate distribution of financial aid to a total of 1.36 million target beneficiaries under the Fuel Subsidy Program. LTFRB is continuing to submit lists of qualified beneficiaries to LANDBANK, while the Bank is facilitating the crediting of fuel subsidies through the beneficiaries’ existing accounts in LANDBANK and other banks. Under the Program, drivers and operators of modernized public utility jeepneys and utility van (UV) express units receive P10,000.00 each, while drivers and operators of traditional PUV and TNVS receive P6,500.00 each. LANDBANK resumed the distribution of fuel subsidies to qualified PUV drivers under the Fuel Subsidy Program on 21 September 2023, after the Commission on Elections (COMELEC) approved the LTFRB's request to exempt the Program from the election spending ban.
READ MORE(left photo) Philippine Ambassador to Italy Neal Imperial (middle), LANDBANK President and CEO Lynette V. Ortiz (leftmost), and OFBank President and CEO Randolph L. Montesa (rightmost) sign an agreement for the conduct of financial education seminars for overseas Filipinos in Italy at the Philippine Embassy in Rome on 12 October 2023. (right photos) Leaders and members of Filipino communities in Rome and Milan participate in the financial education seminars conducted by LANDBANK and OFBank, in partnership with other government agencies. About 180,000 Filipinos living and working in Italy and Switzerland are expected to benefit from a series of free financial education seminars of the Land Bank of the Philippines (LANDBANK) and the Overseas Filipinos Bank (OFBank), in line with the National Government’s push for greater financial inclusion. The state-run banks will be working closely with the Philippine embassies and consulates from the two countries, along with the Department of Migrant Workers’ (DMW) overseas operating arms, to provide overseas Filipinos (OFs) and overseas Filipino workers (OFWs) with basic knowledge on saving, digital banking, financial security, and investing. The free financial education seminars also cover discussions on innovative banking solutions offered by LANDBANK and OFBank to better manage finances, which include safe and secure savings options, real-time fund transfer service for remittances, investment instruments, and loan products. “Providing financial education—particularly to our kababayans abroad—goes a long way in contributing to the economic growth and stability of the Philippines. This will complement ongoing efforts of other government agencies to support and empower OFWs and other Filipinos overseas towards greater financial freedom, stability, and prosperity,” said LANDBANK President and CEO Lynette V. Ortiz. Financial education seminars for around 167,000 Filipinos in Italy will be organized as part of the agreement between LANDBANK, OFBank, and the Philippine Embassy in Rome. This collaboration was formalized by Philippine Ambassador to Italy Neal Imperial, LANDBANK President Ortiz, and OFBank President and CEO Randolph L. Montesa on 12 October 2023 at the Philippine Embassy in Rome. Following the agreement, three financial education seminars were held in the cities of Rome, Milan, and Bologna from October 12 to 15 that gathered around 350 leaders and members of Filipino communities in Italy. Participants were able to open OFBank accounts during the seminars and enjoy the convenience of digital banking. In coordination with the Philippine Mission to the United Nations and Philippine Consulate General in Geneva, LANDBANK and OFBank also conducted a financial education seminar in Geneva, Switzerland on 16 October 2023. About 80 overseas Filipinos participated in the event and successfully opened online bank accounts. The state-run banks aim to hold free seminars in Switzerland for the benefit of over 14,600 overseas Filipinos there. LANDBANK and OFBank remain steadfast in their mutual commitment to promoting financial inclusion and security among overseas Filipinos and their families by equipping them with the necessary financial knowledge and resources.
READ MOREPangasinan Governor Ramon V. Guico III (3rd from left) and LANDBANK President and CEO Lynette V. Ortiz (4th from left) lead the signing of a P4.3 billion sub-loan agreement to finance the Pangasinan LGU’s various development projects on 25 October 2023 at the LANDBANK Plaza in Malate, Manila. They are joined by Vice Governor Mark Ronald DG. Lambino (2nd from left), Provincial Administrator Melicio F. Patague II (leftmost), and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos (5th from left) and Filipina B. Monje (rightmost). MALATE, Manila – The Land Bank of the Philippines (LANDBANK) greenlighted a P4.3 billion loan to the Provincial Government of Pangasinan, geared towards the improved delivery of public, health and tourism services in the Province. The loan is part of the P6 billion omnibus term loan agreement signed by the LGU and the state-run Bank earlier this year to fund the priority development projects in Pangasinan. The signing of the agreement was led by Pangasinan Governor Ramon V. Guico III and LANDBANK President and CEO Lynette V. Ortiz on 25 October 2023 at LANDBANK Plaza in Malate, Manila. They were joined by Vice Governor Mark Ronald DG. Lambino, Provincial Administrator Melicio F. Patague II, Acting Provincial Treasurer Cristy C. Ubando, Provincial Legal Officer Atty. Baby Ruth F. Torre and Provincial Accountant Atty. Marlon C. Operaña, along with LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Filipina B. Monje. “LANDBANK remains committed to supporting Pangasinan’s transformative journey towards a more inclusive and sustainable local economy through our wide array of support services. We look to expedite progress within the Province for the improved delivery of basic and medical services, increased socio-economic activities, and a more robust local tourism sector,” said President Ortiz. Of the P4.3 billion loan, P1.8 billion is earmarked for the construction of an 11-storey government center in the Municipality of Lingayen, designed to house the offices of the Provincial Government and national government agencies. Another P500 million is allocated for the development of the Provincial Capitol Complex. To provide better health care for Pangasinenses, P758 million will be used for the purchase of advanced hospital equipment, including computed tomography (CT) scanners, x-ray, magnetic resonance imaging (MRI), and ultrasound machines for the Pangasinan Provincial Hospital, six (6) district hospitals and seven (7) community hospitals in the Province. Meanwhile, P700 million is set to fund the acquisition of land and construction of support facilities for the Bolinao airport in Bolinao, Pangasinan. The remaining P500 million will help establish a corporate center for businesses and other commercial spaces to help stimulate local economic activity. “We’re rolling out and implementing impactful projects that will boost the economy and improve the lives of our people. We are thankful for our partners like LANDBANK, who are ready to support us as we invest in the future of Pangasinan,” said Governor Guico III. LANDBANK remains a major development partner of the local government sector, supporting the financing requirements for inclusive local development in line with its broader thrust of serving the nation.
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 |
