For a minimum investment of P5,000, interested investors may purchase the Bureau of the Treasury’s (BTr) Retail Treasury Bonds Tranche 24 (RTB-24 or Progreso Bonds) and help boost the state’s coffers for socioeconomic development initiatives. To know more about it, click here. You can also visit the official website of the Bureau of the Treasury for more information.
READ MOREIn line with intensifying support to the agriculture sector, the Land Bank of the Philippines (LANDBANK) has provided P227.47 Billion-worth of agriculture loans as of June 2020. Of these loans to agriculture, P35.63 billion was outstanding loans to small farmers, fishers, cooperatives, and farmers associations. This includes direct lending to farmers and fishers which grew by P219 million or 18.37% from P1.19 billion in May to P1.41 billion in June. Meanwhile, loans to other players in the agri-business value chain stood at P191.84 billion, of which P141.67 billion was lent to small, medium, and large agribusiness enterprises and P50.17 billion financed agri-aqua related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). Assisting 2 Million farmers and fishers As of June 2020, LANDBANK has assisted 1,976,689 cumulative small farmers and fishers nationwide representing a 98.8% accomplishment over the 2 million cumulative target for the year. The 300,825 or 18% increase from last May’s 1,675,864 tally was due largely to the new farmers assisted under the Department of Agriculture’s (DA) Financial Subsidy to Rice Farmers (FSRF) Program. Of the 1,976,689 farmers and fishers that LANDBANK has assisted, 1,290,240 were supported through the Bank’s various regular loan offerings and lending programs jointly implemented with the DA and the Department of Agrarian Reform. The remaining 218,530 and 467,919 small farmers were assisted specifically through the DA’s Rice Farmers Financial Assistance (RFFA) Program and the FSRF Program, respectively. “Now more than ever, LANDBANK continues to exert greater focus on driving support for the agriculture sector amid the COVID-19 pandemic. Through the whole-of-government approach, our strong partnerships with the Department of Agriculture and Department of Agrarian Reform have allowed us to fulfill our mandate of reaching and assisting more small farmers and fishers nationwide than ever before,” LANDBANK President and CEO Cecilia C. Borromeo said. After achieving and exceeding its target of assisting one million farmers and fishers in 2019, LANDBANK is aiming to assist an additional one million new farmers and fishers for a total of 2 million this 2020. LANDBANK is a government financial institution with the social mandate of promoting countryside development, servicing the financial needs of small farmers and fishers, micro, small and medium enterprises (MSMEs), countryside financial institutions (CFIs), LGUs, and government institutions. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREFarmer-members of the Malinao Dam Federation of Irrigators’ Association (MADFIA), Inc. in Bohol now enjoy improved productivity and income with the help of a four-wheeled tractor and two rice combine harvesters which the federation acquired through the Agricultural Competitive Enhancement Fund (ACEF) Lending Program of the Department of Agriculture (DA) and Land Bank of the Philippines (LANDBANK). PILAR, Bohol – Two years ago, farmer-members of the Malinao Dam Federation of Irrigators’ Association (MADFIA), Inc. in the towns of Pilar and Dagohoy in the province of Bohol shared the hardships brought about by traditional palay production. From tilling the soil to harvesting the rice crops from the fields, they only depend on their trusted carabaos and obsolete farming methods as they worked under the sun for more than eight hours a day. Despite all their labor and hard work, MADFIA President Kim L. Doroy said that it was extremely challenging to earn a living from growing palay in a traditional way, especially during bad weather. “Sobrang hirap. Nakikita ko na bawat isa sa miyembro namin ay talagang ibinubuhos ang lahat ng kakayahan sa sakahan para mabuhay. Tapos minsan naaabutan ng ulan, naaabutan ng bagyo, kaya yung kita namin ay talagang bumabagsak,” he said, noting that this vicious cycle also triggered food shortage in the province. The difficulties and uncertainties facing their members prompted MADFIA to avail of a P4.9-million term loan from the Land Bank of the Philippines (LANDBANK) in 2018, under the Agricultural Competitive Enhancement Fund (ACEF) Lending Program, for the acquisition of farm machineries and post-harvest facilities. Through LANDBANK, MADFIA was able to acquire two brand-new units of rice combine harvesters that same year, and in 2019, they were able to purchase a brand-new four-wheeled tractor unit to help them quickly prepare rice paddies for the planting season. With the mechanization of rice farming methods, the productivity and income of the 4,963 rice farmers from 17 irrigators’ associations under MADFIA significantly increased. From spending three to four days and employing three farm workers to prepare one hectare of farmland, they can now complete the job for only two hours with the use of a tractor and just one operator. Harvesting a hectare of rice field was also reduced to two hours and one farm worker with the help of the harvester, instead of the conventional two to three days that requires 16 farm workers. In terms of profit, the farmers were able to earn 40% more every cropping season. And since the time they spend in their rice fields was shortened, some of them were able to get additional income from growing other food crops such as vegetables and corn. “Napagaan ‘yung buhay namin, medyo guminhawa. Nakapag-ipon kami ng panustos sa pag-aaral ng aming mga anak at puhunan sa paghahanda sa susunod na season ng pagtatanim. Ngayong may pandemic, may quarantine, ang laking naitulong dahil iilan lang ‘yung pwedeng makalabas. Kasi sa harvester at tractor kaunti lang ang tao na kinakailangan. Kapag wala kaming ganong equipment, siguradong taghirap na ‘yung mga farmers ngayon,” Doroy said. Aside from MADFIA, LANDBANK through the ACEF Lending Program, has also helped other federations of irrigators’ associations in Bohol to acquire farm machineries and post-harvest facilities. In total, the Bank was able to finance 39 units of four-wheeled tractors, 10 units of rice combine harvesters, and 18 units of rice transplanters to these associations. The ACEF Lending Program is a joint program of the Department of Agriculture (DA) and LANDBANK, which aims to provide necessary credit to small farmers and fishers (SFFs), their cooperatives and associations, and micro and small enterprises (MSEs) to increase their productivity, and to enhance the competitiveness of players in the agriculture sector. As of June 30, 2020, LANDBANK has released a total of P2.5 billion in loans to 19,367 eligible borrowers nationwide under the ACEF Lending Program. Of the total borrowers, 19,189 are SFFs, 119 are MSEs, and 59 are farmers’ and fishers’ cooperatives/associations. For more details about the Program’s features, eligibility 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.
READ MORE(Clockwise, from upper left) Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo leads the virtual signing of a P250-million loan agreement with STI Education Services Group, Inc. (STI-ESGI) Executive Committee Chairman Dr. Eusebio H. Tanco and STI-ESGI Chief Executive Officer Monico V. Jacob for the LANDBANK ACADEME Lending Program to finance STI’s ‘study now, pay later’ program for its students in the coming school year 2020-2021. Signing as witnesses are STI-ESGI Chief Finance Officer and Treasurer Yolanda M. Bautista, and LANDBANK Agricultural and Development Lending Sector Officer-In-Charge Senior Vice President Ma. Celeste A. Burgos. The Land Bank of the Philippines (LANDBANK) and STI Education Services Group, Inc. (STI-ESGI) signed a P250-million Term Loan Rediscounting Line agreement under the ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program to finance the institution’s ‘study now, pay later’ program for its students amid the financial difficulties facing families due to the COVID-19 pandemic. LANDBANK President and CEO Cecilia C. Borromeo, STI-ESGI Executive Committee Chairman Dr. Eusebio H. Tanco and STI-ESGI Chief Executive Officer Monico V. Jacob led the virtual signing, held on July 24, 2020. The event was witnessed by STI-ESGI Chief Finance Officer and Treasurer Yolanda M. Bautista, and LANDBANK Agricultural and Development Lending Sector Officer-In-Charge Senior Vice President Ma. Celeste A. Burgos. The STI-ESGI, which is the largest subsidiary of STI Holdings, is the first academic institution that availed of the ACADEME Lending Program. The institution offers secondary and tertiary programs, as well as post-graduate and associate programs. “We would like to thank Chairman Tanco and the rest of STI-ESGI management team for putting faith in LANDBANK and our ACADEME Program to finance and ensure the enrollment of around 15,000 to 25,000 students in STI colleges and academic centers this upcoming school year,” LANDBANK President and CEO Borromeo said in her message. Other academic institutions which also availed of the LANDBANK ACADEME Lending Program include Medical Colleges of Northern Philippines, Inc. (MCNP) and the International School of Asia and Pacific, Inc. (ISAP) in the province of Cagayan. And at least 80 more private educational institutions have expressed interest in accessing the credit facility. “Almost 70% of our students are supported by overseas workers, who are being repatriated during this pandemic. This LANDBANK facility provides the much needed relief. STI has also agreed not to pass on the 3% interest of this facility. We will absorb this cost, and we thank LANDBANK for being the first bank to offer a study now, pay later plan. We are committed to the education of our youth, and we are happy to work with LANDBANK to make sure their future will continue to be bright and hopeful,” STI-ESGI CEO Jacob said in his response. Launched in May 2020, the LANDBANK ACADEME Lending Program aims to provide credit support to private high schools, private technical and vocational education training institutions, as well as Higher Education Institutions (HEIs) such as colleges and universities, in providing continuing education to their students, through their parents or benefactors, under a ‘study now, pay later’ program. LANDBANK allotted P3 billion for the Program, which 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, with a very low fixed interest rate of 3% per annum, payable based on the maturity of the sub-promissory notes, but not to exceed three (3) years. For more 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.
READ MOREAs the country takes recovery measures, the Land Bank of the Philippines (LANDBANK) is offering a new lending program to finance development and innovative projects of Local Government Units (LGUs) to help rebuild their communities. LANDBANK has earmarked P10 billion for the RISE UP LGUs Lending Program available for provincial, city and municipal LGUs. RISE UP LGUs stands for Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs. The program was virtually launched Wednesday (July 29) during the regular meeting of the Union of Local Authorities of the Philippines (ULAP), the umbrella organization of all leagues of LGUs and locally elected government officials in the country. LANDBANK President and CEO Cecilia C. Borromeo and ULAP National President Government Dakila Carlo E. Cua led the virtual program launch, and participated in by ULAP member-Leagues and officers including, among others, League of Provinces of the Philippines (LPP) National President Governor Presbitero J. Velasco, Jr., League of Cities of the Philippines (LCP) National President Mayor Evelio R. Leonardia, and League of Municipalities of the Philippines (LMP) National President Mayor Luis C. Singson. “The ongoing public health crisis caused by the COVID-19 pandemic has highlighted the vital role of LGUs in managing the effects of unforeseen catastrophes. We hope that the LANDBANK RISE UP LGUs Program will help them better serve their constituents and communities, while developing a stronger local economy that can withstand future crises,” President Borromeo said. The LANDBANK RISE UP LGUs Program will be made available to eligible LGUs at a loan amount depending on their project requirements, provided that the total loan exposure (including the proposed loan under the program) should not be more than its Net Borrowing Capacity per Bureau of Local Government Finance (BLGF) computation/certification. The loan shall bear an affordable interest rate of 4.5% per annum fixed for the first year, and subject to annual repricing thereafter based on Bank’s prevailing interest rate The loan may be used for the purchase of agricultural produce, acquisition of equipment, and construction of facilities for linking of products to the market such as the market infrastructure development and/or improvement, mobile palengke, collection and buying stations, and related facilities. The LGU may also use the loan to fund programs and projects that will provide its constituents with basic and support services, social welfare and healthcare, and other infrastructure activities that aim to bring back confidence of the people and spur the local economic activities/businesses after a crisis or pandemic. For permanent working capital, the LANDBANK RISE UP LGUs Lending Program offers a loan tenor of three years. Meanwhile, tenor for term loan is up to 10 years. A grace period of up to one year on principal payment for both credit facilities may also be granted. To ensure an extensive information dissemination and coordination for the loan availment of the Lending Program by eligible LGUs, a Memorandum of Understanding (MOU) was also virtually signed between LANDBANK, ULAP, LPP, LCP and LMP during the webinar, which was streamed live over the Facebook pages of ULAP (fb.com/ulap.net.ph) and LANDBANK (fb.com/landbankofficial). 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 MOREThe Land Bank of the Philippines (LANDBANK), together with the Union of Local Authorities of the Philippines (ULAP), the League of Provinces of the Philippines (LPP), and the League of Cities of the Philippines (LCP), are working together to ensure extensive dissemination and coordination for the availment of the newly launched RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) lending program for eligible Local Government Units (LGUs) in the country. LANDBANK allotted an initial P10 billion for this program, which offers credit assistance to provincial, city, and municipal governments to finance developments and innovative programs in their localities. The RISE UP LGUs Lending Program is being offered by LANDBANK to support LGUs in the implementation of economic recovery plans aimed at reviving the local economy in the aftermath of the COVID-19 pandemic. The partnership was formalized with the signing of a Memorandum of Understanding (MOU) in a virtual launch event during a special meeting of ULAP member-leagues and officers on July 29, 2020. LANDBANK President and CEO Cecilia C. Borromeo and ULAP National President and Quirino Governor Dakila Carlo E. Cua led the virtual signing, together with LPP National President and Marinduque Governor Presbitero J. Velasco, Jr., and LCP Secretary General and Calapan Mayor Arnan C. Panaligan. Also present during the event was League of Municipalities of the Philippines (LMP) National President and Narvacan Mayor Luis C. Singson who expressed his support to the provisions provided in the MOU. Under the MOU, ULAP, LPP, LCP and LMP will disseminate information on the RISE UP LGUs Lending Program to its member-LGUs. LANDBANK, for its part, will provide reference and information materials, and quickly respond to queries, as well as attend invitations of LGUs to discuss RISE UP LGUs and other available lending programs. “Through the RISE UP LGUs Lending Program, our aim is to help you revitalize struggling businesses, restore investor-confidence in your respective localities, and promote local development. LANDBANK is here to help you grow into more sustainable and self-sufficient communities that can withstand the impact of future crises,” LANDBANK President and CEO Borromeo said in her message. ULAP National President Governor Cua said the RISE UP LGUs is “a lending program conceptualized to complement economic stimulus packages that may be developed by the National Government for LGUs.” “With LGUs feeling the adverse economic impact of the Covid-19 pandemic, this loan program is a way we can help LGUs improve their capacity to provide basic services for their constituents as they respond to the effects of the COVID-19 pandemic, as well as fund support services for local enterprises to stimulate local economies. With the country expected to experience its first economic recession in two decades, interventions are needed to help prop local businesses and create alternative economic opportunities. RISE UP LGUs should help capacitate LGUs to do just that,” Governor Cua said. Under the RISE UP LGUs Lending Program, eligible LGUs can borrow a loan amount depending on their project requirements, provided that the total loan exposure (including the proposed loan under the program) is not more than its Net Borrowing Capacity per Bureau of Local Government Finance (BLGF) computation/certification. Interested LGUs 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 MORENakikiisa ang Land Bank of the Philippines (LANDBANK) sa Komisyon sa Wikang Filipino sa paggunita ng "Buwan ng Wikang Pambansa" ngayon Agosto 2020 na may temang, "Wika ng Kasaysayan, Kasaysayan ng Wika: Ang mga Katutubong Wika sa Maka-Filipinong Bayanihan Kontra Pandemya."
READ MORELaunch of Digital Personal Equity and Retirement Account (PERA) Date : 08 September 2020 (Tuesday) Time : 9:00am to 11:00am Platform : Facebook Live (facebook.com/BangkoSentralngPilipinas)
READ MORE(1st row, left to right) DTI Secretary and CIAP Board Chairman Ramon M. Lopez, National Treasurer Rosalia V. de Leon, (2nd row, left to right) LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines Founder and CEO Orlando B. Vea lead the virtual ceremonial signing of a quadripartite agreement on August 7, 2020 which mandates LANDBANK to facilitate the settlement of all CIAP’s online transactions, and the remittance of the payments to the Bureau of the Treasury (BTr). The Land Bank of the Philippines has been designated as settlement bank for online transactions of the Department of Trade and Industry - Construction Industry Authority of the Philippines (DTI-CIAP). LANDBANK will be working with DTI-CIAP, the Bureau of the Treasury (BTr), and PayMaya Philippines, Inc. to ensure the efficient settlement of online payments made by the DTI agency clients, and timely remittance of payments to the National Treasury. Under the agreement, LANDBANK will maintain a “BTr-CIAP-PayMaya Clearing Account” wherein all collections or payments accepted and deposited by PayMaya, as a collecting agent, will be credited via the weAccess facility of the Bank. All funds credited to the clearing account are then automatically credited to the BTR-Other Agency Mother Account at the end of the day during batch processing. The arrangement forms part of the quadripartite Memorandum of Agreement (MOA) signed by DTI Secretary and CIAP Board Chairman Ramon M. Lopez, National Treasurer Rosalia V. de Leon, LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines Founder and CEO Orlando B. Vea on August 7, 2020. Also present during the event were DTI Undersecretary Ireneo V. Vizmonte, DTI Assistant Secretary Mary Jean T. Pacheco, LANDBANK Branch Banking Sector Executive Vice President Julio D. Climaco, Jr., LANDBANK South NCR Branches Group Senior Vice President Ramon R. Monteloyola, and LANDBANK Buendia Branch Vice President Virgilio C. Paranial. They were joined by Philippine Contractors Accreditation Board (PCAB) Chairman Pericles P. Dakay, PCAB Executive Director Atty. Herbert DG. Matienzo, Philippine Constructors Association President Wilfredo L. Decena, Philippine Domestic Construction Board and Philippine International Construction Board Executive Director Doris U. Gacho, United States Agency for International Development (USAID) Contracts Officer Representative Princess Shimmadar Manaois-Battung, and USAID Deliver Project Chief-of-Party Alexander Kitain. “LANDBANK will ensure the efficient settlement of transactions and the remittance of payments to the National Treasury. Our expanded partnership represents another step towards our shared goal of providing convenient, reliable, and efficient payment options to our stakeholders,” LANDBANK President and CEO Borromeo said. In 2018, LANDBANK and CIAP entered into an agreement for the utilization of the LANDBANK Link.BizPortal, which offers CIAP clients such as PCAB contractors, an alternative way to pay license and registration fees as well as other charges. As of June 2020, Link.BizPortal has facilitated a total of 2,682 transactions for CIAP amounting to P15.32 million.
READ MOREBarbaza Farmers Irrigators Association, Inc. (BFIA) successfully ventured into palay trading through the Agrarian Production Credit Program (APCP) of Land Bank of the Philippines (LANDBANK). BARBAZA, Antique – The combined efforts of government institutions led by the Department of Agrarian Reform (DAR), the Department of Agriculture (DA), and Land Bank of the Philippine (LANDBANK) have helped uplift the lives of palay farmers and irrigators in this 4th class municipality through its successful palay trading business. Jose Mario Rico Magtulis, president of the Barbaza Farmers Irrigators Association, Inc. (BFIA), credits the collaboration among different government agencies as instrumental for them to extend assistance to their 708 members, with 217 of them being agrarian reform beneficiaries (ARBs). Through the DAR, BFIA was able to avail of a P1.0M-credit line under the Agrarian Production Credit Program (APCP) of LANDBANK in 2016, which they used as working capital for this new business. But before this, they also received various pre- and post-harvest facilities from DAR and DA, through the National Irrigation Administration (NIA). “Dati siyempre NIA lang ang nagbibigay sa amin ng support. Nung pumasok sa amin si DAR, nalaman naming yung APCP loan at nakapasok naman kami sa LANDBANK na naging tulay para makatulong kami sa aming mga members,” said Magtulis. According to Magtulis, diversifying their association’s business into palay trading helped their farmers sell their crops at competitive prices.“Dahil sa APCP, nakatulong kami sa farmers kasi assured na yung kanilang produce ay mabibili. Yung association na ang bumibili ng kanilang palay, hindi na sila lugi,” he added. Equipped with a mechanical dryer, BFIA turns the palay they purchased from their farmer-members into rice, which are sold in their retail stores or distributed to the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) as one of the accredited suppliers of the program in the province. BFIA currently covers a total of 706 hectares in 12 barangays of the municipality. Aside from buying the produce of their farmer-members, BFIA was also able to generate employment through APCP, hiring 32 additional personnel for their palay trading and irrigation system. Despite the drop in the farmgate price of palay, Magtulis assured that they remain committed to supporting their members through continued patronage of their crops. This kind of dedication for their members through the years has won for them the DA’s Best Irrigation Association in the National Level Category in 2018. Moving forward, BFIA is looking at expanding its business by venturing into fertilizers and farm inputs trading to further increase the income of their farmer-members, still with the help of LANDBANK and other government agencies. “Through LANDBANK, meron kaming assurance na patuloy kaming magnenegosyo kaya patuloy rin kaming magsisikap, at patuloy naming gagawin ang lahat para makapagbigay kami ng magandang serbisyo sa aming mga farmer-members,” Magtulis said. The APCP is a joint program of DAR and LANDBANK, which aims to achieve sustainable crop production and increase the income of ARBs and their households through the provision of credit and capacity building assistance. Aside from APCP, LANDBANK also partnered with DAR to introduce the Accessible Funds for Delivery to Agrarian Reform Benefeciaries (AFFORD-ARBs) Program last year, which provided loans to finance the production of rice, corn, high-value crops, as well as farm implements. Outstanding loans for this Program in 2019 reached P100.86 million, which was availed by 523 farmer-borrowers and a cooperative. For more information, log-on to LANDBANK’s official website at https://www.landbank.com/agrarian-operations or call the Bank’s Agrarian Services Group at (02) 8-405-7363, or visit the nearest LANDBANK Lending Center located nationwide.
READ MOREAs of Fri, April 25, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.388752 | 0.403776 |
| EUR | 63.163815 | 65.607824 |
| GBP | 73.988728 | 76.851588 |
| HKD | 7.223177 | 7.761414 |
As of Thu, April 24, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557366 |
| Money Market Fund | 1.310646 |
| PERA Money Market Fund | 1.023632 |
| Medium-Term Bond Fund | 2.470334 |
| Bond Fund | 2.024273 |
| PERA Bond Fund | 1.198883 |
| Balanced Fund | 2.585336 |
| Growth Fund | 2.562157 |
| Alpha Equity Fund | 2.96484 |
| Blue Chip Equity Fund | 0.954534 |
| Equity Fund | 0.773163 |
| High Dividend Equity Fund | 1.002938 |
| US$ Money Market Fund | 1.431822 |
| Global $ Fund | 1.518293 |
| Money Market Plus Fund | 1.223015 |
