The Land Bank of the Philippines (LANDBANK) is launching a new lending program to boost the capacity of private academic institutions to implement a ‘study now, pay later’ scheme for its students. Under the LANDBANK ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program, LANDBANK has allotted a total program fund of P3-billion in credit support for private high schools, private technical and vocational education training institutions, as well as Higher Education Institutions (HEIs) such as colleges and universities, to provide continuing education to their students. The program offers ‘3-3-3’ features with a P3-billion-program fund in credit support, a very low fixed interest rate of only 3% per annum, and payable based on the maturity of the sub-promissory notes but not to exceed three (3) years. It forms part of LANDBANK’s social investment package to encourage students to pursue and finish their education. The LANDBANK ACADEME Lending Program is open to private/non-DepEd Junior/Senior High Schools with permit to operate by DepEd, as well as to private Technical-Vocational and Education Training (TVET) Institutions in partnership with and being regulated by the Technical Education and Skills Development Authority (TESDA). Eligible borrowers of the newly launched LANDBANK ACADEME Lending Program also include Private Higher Education Institutions (HEIs) such as Colleges and Universities with undergraduate programs authorized by Philippine Commission on Higher Education (CHED) and the HEIs are accredited by either any of the following: Philippine Accrediting Association of Schools, Colleges and Universities (PAASCU), Philippine Association of Colleges and Universities' Commission on Accreditation (PACUCOA), Association of Christian Schools, Colleges and Universities Accrediting Association Inc. (ACSCU-AAI) or Federation of Accrediting Agencies of the Philippines (FAAP). "Given the financial constraints brought about by the COVID-19 pandemic, LANDBANK is financing interventions to ensure that students will be able to enroll in school when classes finally resume. The LANDBANK ACADEME Lending Program supports the education sector in providing students greater access to quality education amid the health crisis we are all facing,” LANDBANK President and CEO Cecilia C. Borromeo said. The LANDBANK ACADEME Lending Program offers refinancing or rediscounting of promissory notes issued by the parents or benefactors of students for school loans. Eligible schools can borrow up to 70% of the sub-promissory notes on a per semester basis and subject further to a maximum amount based on the school’s net borrowing capacity. The loan will be released either in lump sum or staggered basis per semester, and will be directly credited to the deposit account maintained by the school with LANDBANK. The LANDBANK ACADEME Lending Program will be available until June 30, 2021. For details about the program’s features and application requirements, interested borrowers 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. For more updates, please refer to the official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or the LANDBANK website (www.landbank.com). Click here for more information
READ MOREIn partnership with the Department of Labor and Employment (DOLE), the Land Bank of the Philippines (LANDBANK) is gearing up to distribute cash assistance to overseas Filipino workers (OFWs) who have been displaced due to the coronavirus disease (COVID-19) pandemic. Under the DOLE AKAP (Abot Kamay ang Pagtulong) for OFWs Program, around 135,720 displaced land-based and sea-based OFWs will each receive a one-time financial assistance of P10,000 or $200, or its equivalent currency in the host country. Beneficiaries are composed of about 85,720 on-site OFWs based abroad, and 50,000 repatriated OFWs or “Balik Manggagawa” already in the country. Through the LANDBANK Remittance System (LBRS) eligible repatriated OFWs from National Capital Region (NCR) will be able to claim their P10,000 cash aid from LANDBANK Branches free of charges via PESONet. Meanwhile, the 85,720 OFWs based abroad will receive their cash aid from their respective Philippine Overseas Labor Offices (POLO) processed via LANDBANK’s Outgoing Telegraphic Transfer (OTT), free from bank commissions and cable charges. As of May 5, a total of 2,468 OFWs benefited, with total proceeds amounting to P24.68 million released by LANDBANK. “LANDBANK is closely working with DOLE in assisting our OFWs to weather work disruptions and circumstances brought about by the COVID-19 crisis. This means immediately delivering financial support to our OFWs, wherever they are in the world,” LANDBANK President and CEO Cecilia C. Borromeo said. DOLE CAMP Update The AKAP for OFWs Program supplements DOLE’s COVID-19 Adjustment Measures Program (CAMP), wherein LANDBANK is also a distribution partner. The CAMP provides a one-time P5,000 financial support to employees of companies or business establishments that have adopted flexible work arrangements or temporary closure due to the current health adversity. As of May 5, NCR-based workers that benefited from the program has reached 18,222 totaling P91.11 million in cash grants released by LANDBANK under CAMP. LANDBANK supports national government agencies in the distribution of various social protection programs to sectors most affected by health and economic concerns caused by the COVID-19 pandemic. This is in line with LANDBANK’s designation as the disbursement arm of the Social Amelioration Program (SAP) of the government for the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act.” For details and updates, please refer to the official LANDBANK social media accounts @landbankofficial (Facebook and Instagram), @LBP_Official (Twitter), and www.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK), in partnership with the Department of Agriculture (DA), continued to distribute cash assistance to small rice farmers during the CoVid-19 pandemic, paying out a total of P993.15 Million to 198,630 farmer-beneficiaries. The one-time financial assistance of P5,000 each is granted to rice farmers tilling farms with areas of 0.5 to two (2) hectares under the DA’s Rice Farmer Financial Assistance (RFFA) program, and those tilling farms one (1) hectare or less, under the DA’s Financial Subsidy to Rice Farmers (FSRF) initiative. As of May 13, 2020, a total of 107,463 RFFA and 91,167 FSRF farmer-beneficiaries received their cash grants amounting to P537.315Million for RFFA and P455.835 Million for FSRF. The distribution of cash assistance under the RFFA and FSRF is expected to continue until June. LANDBANK has partnered with various national government agencies for the distribution of the Social Amelioration Program (SAP) of the national government in support of the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act” to combat the CoVid-19 pandemic. For more updates, please refer to the official LANDBANK social media accounts on Facebook and Instagram (@landbankofficial) and on Twitter (@LBP_Official) or via the LANDBANK website (www.landbank.com).
READ MOREOver 2,000 internally displaced persons (IDPs) of the five-month-long Marawi siege that transpired exactly three years ago today, May 23, have been given psycho-social support (PSS) under the Gawad Angat BAYan (GABAY) Program, a corporate social responsibility (CSR) project of Land Bank of the Philippines (LANDBANK), funded by the Department of Finance (DOF) under the Kreditanstalt für Wiederaufbau-Interest Differential Fund (KfW-IDF). Since the implementation of the program in January 2019, LANDBANK, as Program Manager, has partnered with Balay Mindanaw Foundation, Inc. (BFMI), as Program Implementer, to conduct various PSS activities that have so far benefited 1,673 internally displaced adults and 455 internally displaced children in ten (10) barangays and transitional shelters in Marawi City and Lanao del Sur. The PSS activity, dubbed as Mashwara Para Ko Kapamulong (Conversations for Healing), is designed to provide space for community sharing and community-building among IDPs and other individuals affected by violence. It also aimed to identify and prioritize issues within the communities, and come up with common hopes and possible actions to address the identified issues. “The LANDBANK GABAY Program embodies the Bank’s commitment to help communities grow and recover. Since the implementation of the program in 2019, we were able to give hope to many of our brothers and sisters in Marawi City and Lanao del Sur, helping them rebuild their communities from the catastrophic impact brought about by the five-month-long siege in 2017,” LANDBANK President and CEO Cecilia C. Borromeo said. To continue the conversations with internally displaced adults, LANDBANK facilitated post-PSS activities, such as the Mashwara Corners, in partner-communities where participants shared their personal journeys since completing the Mashwara Para Ko Kapamulong activities. Meanwhile, for the internally displaced children, the Bank conducted a series of Children’s Festival which included games, storytelling and learning sessions. A unique feature of the PSS program is the incorporation of eco-therapy where LANDBANK mounted various workshops and hands-on trainings on natural farming to share and emphasize its importance as an introduction to a sustainable way of living and healing. As part of the main components of the GABAY Program, LANDBANK also held a series of trainings of trainers on PSS, with a total of 101 graduates. They eventually served as facilitators in the conduct of PSS activities and other interventions for the conflict-torn communities. The GABAY Program was also made possible in cooperation with Task Force Bangon Marawi (TFBM), LANDBANK Countryside Development Foundation, Inc. (LCDFI), and the local government and people of the Islamic City of Marawi.
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READ MOREThe Countryside Financial Institutions Enhancement Program (CFIEP), a joint program of Bangko Sentral ng Pilipinas (BSP), Philippine Deposit Insurance Corporation (PDIC) and Land Bank of the Philippines (LANDBANK), is rolling-out a new lending program to assist Countryside Financial Institutions (CFIs) that have been affected by natural calamities, man-made disasters, pests and diseases, and viral infections or outbreaks, including the coronavirus disease (COVID-19) pandemic. The Countryside Financial Institutions Enhancement Program – 2020 Calamity Assistance Program (CFIEP-2020 CAP) lending program will provide additional working capital to Cooperative Banks, Rural Banks and Thrift Banks. The credit assistance may augment liquidity of CFIs that are affected by extensions or defaults of its borrowers as a result of calamities/disasters/viral infections, and thereby encourage CFIs to continue lending, particularly to the agricultural sector. “In the first three months of the year alone, our country has been hit by various calamities that have caused unfavorable outcomes to CFIs. We hope that the CFIEP2020 CAP will help them recover from the damages and disruptions in their operations, and enable them to restore operational cash flows, thus, allowing them to continue lending to small farmers,” LANDBANK President and CEO Cecilia C. Borromeo said. The program will be made available by LANDBANK to eligible CFIs at an amount equivalent to 90% of their affected existing portfolio or P10 million per CFI, whichever is lower, provided that the loan amount does not exceed the CFI’s borrowing capacity, as per LANDBANK’s existing policy. The loan shall bear an affordable interest rate of 4.5% per annum, fixed for one (1) year and subject to annual repricing thereafter. The loan shall be payable up to a maximum of five (5) years, with up to one (1) year grace period on principal and interest payments. The CFIs are also expected to relend the fund to their affected end-borrowers at concessional interest rates. Interested borrowers 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 part of its aggressive thrust to promote greater financial inclusion, the Land Bank of the Philippines (LANDBANK) continues to expand its Agent Banking Program to bring basic banking services in remote and unbanked communities of the country. The program is now being implemented in 14 provinces in Luzon, Visayas and Mindanao through 820 Point-of-Sale (POS) terminals. These provinces include Cagayan, Pangasinan, Tarlac, Rizal, Batangas, Palawan, Occidental Mindoro, Quezon, Aklan, Guimaras, Capiz, Cebu, Misamis Oriental and Agusan del Norte. Under the agent banking strategy, the Bank enters into an agreement with POS Cash Out-Only Partners to facilitate cash out transactions and with full-suite Agent Banking Partners to offer card sale, cash in, cash out, fund transfer and bills payment. Through the LANDBANK Agent Banking Program, customers in places without formal banking presence can enjoy lower transaction costs, improved access to financial services and potentially save on travel and related expenses. Beneficiaries of the national government’s Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs can also withdraw their cash grants through the LANDBANK agent partners. From January to April 2020, a total of 1.16 Million transactions amounting to P4.77 Billion were completed via full-suite Agent Banking Partners and POS Cash Out-Only partners. This is an increase of 235% in volume from 346,320 transactions and 190% in amount from P1.646 Billion processed in the same period a year ago. “The LANDBANK Agent Banking Program allows the Bank to better serve its mandated sectors especially from remote areas where financial services are inaccessible. With the help of our agent partners across the country, we are bringing more Filipinos into the financial mainstream, thus, promoting greater financial inclusivity,” LANDBANK President and CEO Cecilia C. Borromeo said. At present, LANDBANK is working on expanding the features of the program to enable its beneficiaries to pay their loan amortization. The Bank also plans to increase the number of its agent partners, particularly from unbanked and underserved areas, to widen its reach and bring basic banking services closer to more Filipinos. Before this year ends, LANDBANK targets to get 16 new direct Agent Banking Partners on board, convert 64 eligible POS Cash-Out Only Partners into full-suite Agent Banking Partners, and accredit 200 new full-suite Agent Banking Partners in locations with high number of CCT beneficiaries. The LANDBANK Agent Banking Program is in accordance with the Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017 wherein banks are now allowed to serve clients through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand reach and serve clients more efficiently.
READ MOREThe Land Bank of the Philippines (LANDBANK), in partnership with the Department of Social Welfare and Development (DSWD), fully disbursed the second round of cash grants worth P6,741,409,650.00 to 1,335,711 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries under the national government’s Social Amelioration Program (SAP) to support families heavily affected by the COVID-19 pandemic. The payout for the second wave of cash assistance to the LANDBANK Cash Cards of intended beneficiaries was completed on Thursday, June 11, 2020. The beneficiaries may withdraw from more than 2,000 LANDBANK ATMs available nationwide free of charge, and the more than 20,000 ATMs of BancNet-member banks. They may also use their cash cards for cashless purchases in groceries, supermarkets and drugstores through the Point-of-Sale (POS) machines at the cashier or check-out counters. “Through the LANDBANK Cash Cards, we already delivered the second wave of cash grants to 1.3 million beneficiaries in an immediate, safe and secure manner. Rest assured that LANDBANK will continuously work with the national government to ensure that future beneficiaries will receive their emergency subsidies quickly, while strictly adhering to the quarantine measures in place,” LANDBANK President and CEO Cecilia C. Borromeo said. LANDBANK’s distribution of cash grants is in line with the passage of Republic Act No. 11469 or the “Bayanihan to Heal as One” Act and the issuance of DSWD-DOLE-DTI-DA-DOF-DBM Joint Memorandum Circular No. 1, Series of 2020 or the “Special Guidelines on the Provision of Social Amelioration Measures.” For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREPlease be advised that the Premyo Bonds Para sa Bayan (Premyo Bonds) 1st Reward Draw will be held simultaneously with the 2nd Reward Draw scheduled on June 18, 2020. Visit the Bureau of the Treasury's website for more details.
READ MOREAs of Fri, June 20, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.95 | 57.55 |
| JPY | 0.386061 | 0.401641 |
| EUR | 64.544292 | 67.151872 |
| GBP | 75.593628 | 78.6476 |
| HKD | 7.228398 | 7.779724 |
As of Thu, June 19, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.567201 |
| Money Market Fund | 1.318392 |
| Money Market Plus Fund | 1.230778 |
| PERA Money Market Fund | 1.028038 |
| Medium-Term Bond Fund | 2.481897 |
| Bond Fund | 2.027012 |
| PERA Bond Fund | 1.201377 |
| Balanced Fund | 2.677204 |
| Growth Fund | 2.648917 |
| Alpha Equity Fund | 3.096113 |
| Blue Chip Equity Fund | 0.97766 |
| Equity Fund | 0.817186 |
| High Dividend Equity Fund | 1.028503 |
| US$ Money Market Fund | 1.438224 |
| Global $ Fund | 1.538186 |
