ALICIA, Isabela — The first-class municipality of Alicia in Isabela recently began the construction of its new public market bankrolled by a P190-million loan from the Land Bank of the Philippines (LANDBANK). The LANDBANK term loan availed by the local government of Alicia in 2021 has funded the acquisition of a 20,000 sq.m. commercial lot in Barangay Antonino, Alicia, and jumpstarted the construction of the new public market building. The rise of the new public market will decongest the existing market and will provide business opportunities to small and medium enterprises, as well as ambulant vendors in Alicia and its neighboring towns. Aside from the hiring of market administration personnel, the project has also generated jobs for around 230 indirect laborers involved in the development and construction of the building. “LANDBANK is one with our local government partners in providing necessary facilities to support the growth of agri-producers and local entrepreneurs. This forms part of our broader thrust of helping build stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. The new public market is set to have eight perimeter rows of stalls or about 172 stalls for dry goods and groceries, and four inside sections of about 108 stalls for fruits and vegetables, including meat and fish sections. The market facility will also be equipped with modern facilities, such as a water sprinkler system, closed-circuit television (CCTV) monitoring system, double drainage canal, steel elevated water tank with deep well water pump, and standby generator set, among others. With LANDBANK’s support, Alicia Mayor Joel Amos P. Alejandro believes that the new public market will hasten commercial and economic growth in the area while catering to the various needs of the community. “Alicia is running twice as fast in good governance, business, and property development to be the next wonderland in the North,” Mayor Alejandro said. With its vast agricultural land and irrigated fields, Alicia is one of the largest rice-producing towns in the region, with palay production dominating its local economy.
READ MOREPresident Rodrigo R. Duterte (center) receives the stock certification from LANDBANK, led by Finance Secretary and LANDBANK Chairman Carlos G. Dominguez III (3rd from right) and LANDBANK President and CEO Cecilia C. Borromeo (4th from right), in a turnover ceremony held at Malacañang Palace, Manila on 21 March 2022. They are joined by Executive Secretary Salvador C. Medialdea (4th from left) and other LANDBANK senior officials. The Land Bank of the Philippines (LANDBANK) officially turned over 1.36 billion shares of common stock worth P136.2 billion to the National Government, following the unprecedented capital infusions extended to the Bank since June 2016. President Rodrigo R. Duterte received the stock certification from Finance Secretary and LANDBANK Chairman Carlos G. Dominguez III, together with LANDBANK President and CEO Cecilia C. Borromeo, in a historic turnover event at Malacañang Palace, Manila on 21 March 2022. They were joined by Executive Secretary Salvador C. Medialdea; LANDBANK Executive Vice Presidents Alan V. Bornas, Julio D. Climaco, Jr., Liduvino S. Geron, Carel D. Halog; and Senior Vice President Gonzalo Benjamin A. Bongolan. Since June 2016, LANDBANK has received a total of P148.8 billion in capital infusion from the National Government as of 25 March 2022. Of this total, P27.5 billion was infused to the Bank in February 2021 in line with the provisions of Republic Act No. 11494 or the Bayanihan to Recover as One Act (Bayanihan 2), coupled by the conversion of the Bank’s P110 billion unrestricted retained earnings to paid-up capital in February and March 2022. The equity infusions combined with dividend rate adjustments have improved LANDBANK’s capital Common Equity Tier 1 (CET1) ratio to 16.85% as of February 2022, to be comfortably ahead of the Basel III capital ratio requirement. The capital infusion from the government has also solidified LANDBANK’s ranking as the second-largest bank in the country in terms of assets, while boosting its capacity to service the financial requirements of key development sectors and advance greater financial inclusion.
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READ MOREUpgrades CCT, UCT cash cards to transaction accounts The Land Bank of the Philippines (LANDBANK), in partnership with the Department of Social Welfare and Development (DSWD), disbursed a total of P133.61 billion to more than seven million beneficiaries of the government’s Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs in 2021. ¬ Of this amount, LANDBANK released a total of P123.74 billion under the CCT program that benefitted 4.4 million low-income families, for education and health needs of the children and financial support for households. Meanwhile, a total of P9.86 billion was delivered to 2.8 million UCT beneficiaries, as part of support interventions in line with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. “LANDBANK remains steadfast in the timely delivery of social protection interventions to the most vulnerable sectors. We will continue to work closely with the DSWD to contribute to the National Government’s inclusive development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo. As of 28 February 2022, the state-run Bank has provided LANDBANK Cash Cards to a total of 9.8 million CCT and UCT beneficiaries to facilitate more convenient withdrawals of social pension and grants in future payouts. LANDBANK also upgraded the Cash Cards of all CCT and UCT beneficiaries into transaction accounts, to provide the beneficiaries wider access to an array of banking services. Beneficiaries can now perform cash card loading via LANDBANK branches, receive funds through the LANDBANK Mobile Banking App, and cash-in via LANDBANK Cash Deposit Machines, among others. Previously, the CCT and UCT beneficiaries can only do limited transactions with their cash cards, such as withdraw cash from LANDBANK Automated Teller Machines (ATMs) and Agent Banking Partners (ABPs) nationwide. To provide the beneficiaries more financial access points, LANDBANK has also on-boarded a total of 888 ABPs in far-flung communities as of 31 December 2021 to ensure the timely delivery of government subsidies. LANDBANK serves as the delivery arm for the National Government’s social protection initiatives in support of the country’s underserved and marginalized sectors.
READ MOREDATU BLAH T. SINSUAT, Maguindanao – The Municipal Government of Datu Blah T. Sinsuat (DBS) has partnered with the Land Bank of the Philippines (LANDBANK) for the construction of access roads that will aid in the convenient and timely transport of goods to and from the town. The second class municipality inked a P90-million loan agreement with LANDBANK on 9 February 2022 to purchase various heavy equipment, meant to enhance the town’s delivery of general basic services and fast-track the implementation of strategic farm-to-market road projects. “LANDBANK fully supports initiatives that promote the growth and development of local agricultural producers. We are one with local government partners in providing more convenient access to local markets and other government services, in line with building stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. The P90-million LANDBANK loan will finance the construction of additional road networks in the municipality, designed to reduce the transportation costs of farmers and fishers for their produce, which will result to higher incomes. The road projects will allow fishers from the remote coastal barangays to supply fish to Cotabato City, Maguindanao Province, several bordering towns in Lanao del Norte, as well as the provinces of Zamboanga del Norte and Zamboanga del Sur. To date, five (5) out of the 13 barangays of Datu Blah T. Sinsuat have no established roads and are accessible only by boat. The additional roads will benefit a total of 4,946 farmers; 2,701 fishers; and 389 Agrarian Reform Beneficiaries (ARBs) residing in the area. “With LANDBANK’s assurance of financial and technical support to our priority projects for small farmers and fishers, we are optimistic that the Datu Blah T. Sinsuat Municipality will reach its goal of becoming the fishing capital of Central Mindanao in the future,” said Datu Blah T. Sinsuat Mayor Marshall I. Sinsuat. The Municipality also anticipates that the new roads will encourage the influx of investors and potential tourists to stimulate more economic activity, significantly improving the locality's trading system and tourism industry, and creating more job opportunities. LANDBANK continues to extend necessary credit assistance to local government units (LGUs) to spur recovery and inclusive economic development in the countryside. As of end-January 2022, LANDBANK has extended P69.51 billion in outstanding loans to LGUs nationwide.
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READ MORELANDBANK President and CEO Cecilia C. Borromeo (middle) and PCIC President Atty. Jovy C. Bernabe (2nd from left) sign a Memorandum of Agreement (MOA) on 07 April 2022 to hand out LANDBANK Cash Cards to farmers for the disbursement of insurance claims. Witnessing the signing are LANDBANK Senior Vice Presidents Randolph L. Montesa (4th from left) and Marilou L. Villafranca (rightmost), alongside PCIC Vice President Segundo H. Guerrero, Jr (leftmost). The Land Bank of the Philippines (LANDBANK) and the Philippine Crop Insurance Corporation (PCIC) signed a Memorandum of Agreement (MOA) that will enable faster and seamless disbursement of indemnity claims for farmers whose crops were affected by disasters and calamities. Under the Agreement, the Bank will provide LANDBANK Cash Cards for the timely crediting of insurance proceeds to farmers endorsed by PCIC. Through the LANDBANK Cash Cards, around 1.8 million farmer-beneficiaries will be able to withdraw their insurance claims conveniently from 2,808 LANDBANK ATMs nationwide instead of the previous practice of encashing cheques issued by PCIC in LANDBANK Branches. LANDBANK President and CEO Cecilia C. Borromeo and PCIC President Atty. Jovy C. Bernabe signed the MOA on 07 April 2022 at the LANDBANK Plaza in Malate, Manila. They were joined by LANDBANK Senior Vice Presidents Randolph L. Montesa and Marilou L. Villafranca, alongside PCIC Vice President Segundo H. Guerrero, Jr. “LANDBANK’s partnership with PCIC is aligned with our shared goal of promoting financial inclusivity. As we enhance the delivery of insurance claims to farmers nationwide through our cash cards, we are also promoting the habit of saving—leading to their financial independence,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK Cash Cards will also grant farmer-beneficiaries access to a wider range of financial services, including the facilitation of banking transactions in LANDBANK ATMs such as cash withdrawal, balance inquiry, ATM fund transfer, and cashless payment through Point-of-Sale (POS) facilities. The farmer-beneficiaries can also withdraw their claim payments from 888 Agent Banking Partners operating on behalf of LANDBANK in far-flung communities nationwide. In addition, cash cardholders may access the LANDBANK phonebanking facility and Mobile Banking App (MBA).
READ MORELANDBANK President and CEO Cecilia C. Borromeo (center) receives the Top 3 Fixed Income Dealing Participant for 2021 award at the 17th PDS Annual Awards Night, together with LANDBANK Treasury and Investment Banking Sector Head, Executive Vice President Carel D. Halog (2nd from left), Investment Banking Group Head, Senior Vice President Gonzalo Benjamin A. Bongolan (4th from left), Asset and Liability Management Group Head, First Vice President Adelfa R. Masacupan (leftmost), and Financial Markets Group Head, First Vice President Ma. Francia O. Titar (rightmost). LANDBANK was also awarded as Top 5 Corporate Issue Managers/Arrangers by PDS for 2021. The Land Bank of the Philippines (LANDBANK) was honored at the 17th Philippine Dealing System (PDS) Annual Awards Night for its strong contribution to the growth and stability of local financial markets. The state-run Bank received recognitions as Top 3 Fixed Income Dealing Participant and Top 5 Corporate Issue Managers/Arrangers under the bank category for 2021 during the virtual ceremony held on 25 March 2022. “These PDS awards highlight LANDBANK’s steadfast support to grow the country’s capital market. We are at the forefront of serving key industry movers of the economy, as we contribute to advancing our collective recovery and sustained development,” LANDBANK President and CEO Cecilia C. Borromeo said. This is the eighth straight year that PDS cited LANDBANK as among the Top 5 Fixed Income Dealing Participants, honoring the state Bank for contributing to the highest share by volume in the secondary market through the Bloomberg platform. The Bank ranked third in 2021, two tiers higher from placing fifth in 2020. The Bank was likewise recognized as among the Top 5 Corporate Issue Managers/Arrangers under the Bank Category. Celebrated annually since 2006, the PDS Group holds an Annual Awards Night to gather market participants, stakeholders, and partners across different sectors of the financial market to celebrate the achievement of the capital market community. The event also honors member-institutions that have exhibited outstanding performance, leadership, innovation, and overall contribution to the development of the capital market share. LANDBANK’s support to local financial markets is in line with serving the nation towards advancing the National Government’s development agenda.
READ MOREThe Land Bank of the Philippines (LANDBANK) now has a total of 896 agent banking partners (ABPs) nationwide as of 31 January 2022, tapped to deliver banking services to unbanked and underserved communities nationwide. These accredited ABPs are operating in behalf of LANDBANK in Metro Manila and 81 provinces, which include remote areas in Apayao, Catanduanes, Cagayan, Ifugao, Siquijor, Tawi-Tawi, and Dinagat Islands, among others. The ABPs can offer services which include cash out, cash in, fund transfer, bills payment, and opening and issuance of LANDBANK Agent Banking Cards. In January 2022 alone, a total of 469,056 transactions amounting to P2.24 billion have been facilitated by LANDBANK ABPs. “The expansion of our Agent Banking Program is reflective of LANDBANK’s steadfast commitment to advance financial inclusion in the country. Our partnerships translate to improved access to financial services and lower transaction costs for the benefit of our customers in unbanked and underserved communities,” LANDBANK President and CEO Cecilia C. Borromeo said. Under the Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), and micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no LANDBANK presence. The LANDBANK Agent Banking Program is in accordance with the Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, which allows the contracting of cash agents to perform selected banking services on the Bank’s behalf, to exponentially expand reach and service more clients. LANDBANK also continues to co-locate with the Philippine Statistics Authority (PSA) in registration centers nationwide to provide unbanked Philippine Identification System (PhilSys) registrants with transaction accounts, free-of-charge. A total of 7.5 million registrants have been onboarded as of 16 February 2022.
READ MOREAs of Tue, June 17, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.3 | 56.8 |
| JPY | 0.383574 | 0.398452 |
| EUR | 64.191272 | 66.674566 |
| GBP | 75.381029 | 78.29721 |
| HKD | 7.146307 | 7.678735 |
As of Mon, June 16, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.566753 |
| Money Market Fund | 1.317977 |
| Money Market Plus Fund | 1.230412 |
| PERA Money Market Fund | 1.027795 |
| Medium-Term Bond Fund | 2.481322 |
| Bond Fund | 2.027174 |
| PERA Bond Fund | 1.200106 |
| Balanced Fund | 2.670914 |
| Growth Fund | 2.613821 |
| Alpha Equity Fund | 3.090466 |
| Blue Chip Equity Fund | 0.974594 |
| Equity Fund | 0.814738 |
| High Dividend Equity Fund | 1.020467 |
| US$ Money Market Fund | 1.437864 |
| Global $ Fund | 1.539713 |
