State-run Land Bank of the Philippines (LANDBANK) reports that a total of 2,481,788 unbanked Philippine Identification System (PhilSys) registrants have already signed up for LANDBANK transaction accounts as of April, 30 2021. This forms part of LANDBANK's partnership with the Philippine Statistics Authority (PSA) to co-locate during the PhilSys Step 2 registration and provide unbanked registrants with their own transaction accounts. Of the total 2,481,788 unbanked registrants, the Bank has already issued LANDBANK Agent Banking Cards (ABCs) to 850,875 of them—free-of-charge and without an initial deposit requirement—while the rest will receive their cards by July. Upon the invitation of National Economic and Development Authority (NEDA) Secretary Karl Kendrick T. Chua to co-locate with the PSA, LANDBANK aims to bank at least one household member of the estimated 18 million low-income households applying for the National ID and provide them access to basic banking services and emergency government subsidies. Previously, the PSA reported that 82% of the 10.52 million initial registrants do not have formal bank accounts. “LANDBANK is one with the National Government’s financial inclusion agenda. In partnership with the PSA, we are focused on opening accounts for up to eight million low-income, unbanked individuals from the 32 PhilSys priority provinces at the soonest time,” said LANDBANK President and CEO Cecilia C. Borromeo. Unbanked PhilSys registrants can avail of LANDBANK transaction accounts once they have completed the second step of the registration, which covers the validation of supporting documents and capturing of biometrics information. LANDBANK ABCs are given to unbanked PhilSys registrants free-of-charge and with no initial deposit requirement through LANDBANK account opening booths at designated co-location areas. Cardholders can use the LANDBANK ABCs to cash-in, cash-out, and transfer funds at any LANDBANK Branch or Agent Banking Partner. They can also withdraw cash at Mastercard-accepting ATMs, perform cashless transactions, shop online, as well as receive government subsidy digitally. Soon, the LANDBANK ABCs can also be used as contactless cards to pay fares in public transport modes under the Automatic Fare Collection System (AFCS) project of the Department of Transportation (DOTr). LANDBANK is tapping personnel from its eight Branches Groups nationwide, as well as accredited cooperatives, associations, small and medium enterprises (SMEs), and private entities as Agent Banking Partners, to assist in the account application and Know-Your-Customer (KYC) requirements at the registration sites. As of April 30, 2021, LANDBANK has co-located in 790 PhilSys Registration Centers in 10 regions, with additional centers in the pipeline as registrations continue to take place in 32 priority provinces nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) has approved loans totaling P20.07 billion as of April 30, 2021 to borrowers adversely affected by the ongoing COVID-19 pandemic, composed mostly of micro, small and medium enterprises (MSMEs) and cooperatives. Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK provided support to a total of 434 borrowers comprised of 292 MSMEs, 81 cooperatives, 56 large corporations, and five (5) microfinance institutions (MFIs). Of the total P20.07 billion approved loans, P18.21 billion has already been released. In April—or exactly a year after the program was launched in April 2020—the state-run Bank doubled the program fund of the I-RESCUE Lending Program to P20 billion from P10 billion to accommodate the increasing number of loan applications. The loan facility aims to provide credit and loan restructuring assistance to pandemic-besieged businesses under more flexible terms and conditions, and will be available until December 31, 2022. Under the LANDBANK I-RESCUE Lending Program, MSMEs, cooperatives, MFIs and large corporations may borrow up to 85% of their emergency or permanent working capital requirement. Terms are set at an affordable interest rate of 5% per annum for three (3) years, subject to annual re-pricing thereafter, and payable up to 10 years with a maximum of two (2) years grace period on the principal repayment. The Program also offers a sub-credit facility for MSMEs and cooperatives, as well as self-employed individuals duly registered with the Department of Trade and Industry (DTI) and the Securities and Exchange Commission (SEC), who are severely affected by the ongoing health crisis. Qualified borrowers may borrow a minimum amount of P100,000 or up to 85% of the actual permanent working capital requirement but not exceeding P3 million, at a lower fixed interest rate of 3% per annum no hard collateral and payable for up to three (3) years. Existing LANDBANK clients may also avail of loan restructuring under the Program via additional loan and extended repayment period to rehabilitate and restore their operational cash flow. 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 Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREBataan palay farmers Godofredo Magpoc (leftmost), Danilo Zulueta (upper right), and Roberto Morales (lower right) reap the benefits of financial assistance from the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) Program of Land Bank of the Philippines (LANDBANK) and the Department of Agriculture (DA) for the production requirements of their rice fields. BATAAN – For the past 37 years, Godofredo Magpoc has provided for his family by growing different varieties of palay in his 2-hectare farm in Orion town. But with the recent decline in palay prices affecting his income, raising capital to sustain his livelihood has become a challenge. “Sa panahon ngayon, lubhang napakahirap para sa isang magsasaka ang mawalan ng puhunan. Kaya naman napipilitan humiram sa patubuan (informal lenders),” Magpoc said. In December 2019, Magpoc learned about the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) Program of the Land Bank of the Philippines (LANDBANK) and the Department of Agriculture (DA). This credit facility aims to boost the productivity and income of small rice farmers, and cushion the initial impact of Republic Act No. 11203, also known as the Rice Tariffication Law (RTL). Under the ERCA-RCEF, individual farmers may borrow up to 90% of the total project cost—at a fixed interest rate of 2% per annum—for the purchase of farm inputs for rice and rice seed production, and acquisition of farm machineries and equipment for production and post-production. Magpoc successfully applied for a loan of P78,500.00 from LANDBANK, which he used to purchase farm inputs and hire additional farm workers. Since availing of the ERCA-RCEF Program, he has seen an increase in yield of about 30-40 cavans of rice every harvest season. He will be availing his fourth loan under the Program this May 2021. “In partnership with the Department of Agriculture, LANDBANK remains focused on delivering responsive financial services most especially to rice farmers and cooperatives. Through the ERCA-RCEF Program, we aim to increase their productivity and income through timely and accessible financial assistance,” said LANDBANK President and CEO Cecilia C. Borromeo. Like Magpoc, palay farmer Danilo Zulueta from the Municipality of Pilar, also enjoyed the benefits of the ERCA-RCEF Program. A farmer for the past 20 years, he was granted a loan of P61,500.00 last December 2020 to support his 1.5-hectare rice field, which he used for land preparation, and to buy fertilizers and pesticides. “Malaki ang naitulong ng pautang ng LANDBANK at DA. Dahil sa sapat na puhunan, nakapagpatanim ako ng naaayon sa bilang ng araw ng punla at nakapagsabog ng abono (fertilizer) sa tamang panahon. Dahil dito, naniniwala akong magkakaroon ako ng masaganang ani at siyempre, magkakaroon ng karagdagang kita,” said Zulueta. For Roberto Morales, another palay farmer from Balanga City, the ERCA-RCEF Program is the best alternative from informal lenders who charge higher interest rates. Under the Program, LANDBANK granted him a loan of P82,000.00 in December 2019 which he used as additional capital to purchase fertilizers and pesticides. “Malaki ang naitulong ng perang nahiram ko mula sa LANDBANK. Tumaas ang aking kita dahil 2% per annum lang ang interest rate ng ERCA-RCEF kumpara sa iba na may mataas na interes,” said Morales. Continuing support for palay farmers Under the ERCA-RCEF Program, LANDBANK has cumulatively released P1.03 billion in loans to 6,214 eligible borrowers composed of palay farmers and cooperatives as of April 30, 2021. Most of the farmer-beneficiaries were from Region 2—particularly the rice-producing provinces of Cagayan, Nueva Vizcaya and Quirino—where LANDBANK assisted a total of 3,129 rice farmers and 19 cooperatives. DA-accredited cooperatives may also borrow under the ERCA-RCEF Program for the purchase of farm inputs for rice and rice seed production as a collective operation, working capital for rice and rice seed trading, and other rice farming-related activities such as the acquisition of machineries and equipment, as well as relending and rediscounting of existing loans of small rice farmers listed in the Registry System for Basic Sectors in Agriculture (RSBSA). For on-lending, the interest rate is at 0% per annum with prescribed pass-on rate to end-borrowers of up to 6% per annum. As mandated by Republic Act No. 11203, LANDBANK shall continue to administer the ERCA-RCEF Program for DA until 2024, and make available P500 million in loans annually to rice farmers registered to the RSBSA in 38 rice-producing provinces. For more information about LANDBANK’s Lending Programs, 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 MOREGet a Free Garlic Cheddar McFlavor Fries for a minimum purchase of P250 using your Visa card via McDonald’s Drive-thru! Merchant Terms & Conditions 1. Each Drive-thru customer paying using Visa card is entitled to a FREE Garlic Cheddar McFlavor fries for a minimum purchase of P250 transacted via McDonald’s Drive-thru. 2. Promo is applicable to contactless-enabled Visa credit, debit, or prepaid cards regardless of issuing bank. A contactless-enabled Visa card has a contactless mark like so: 3. Promo is only valid at McDonald’s Drive-thru of participating stores all day from May 26 – June 15, 2021 only. Operating hours may vary per store depending on local quarantine guidelines. 4. The free item cannot be availed thru Dine-in, Take-out, McDelivery, and other third party food aggregators of McDonald’s. 5. Promo offer cannot be exchanged for any other McDonald’s food item. 6. Customer can only receive one Free McFlavor Fries per single receipt Merchant Offers Resource Center Content Downloaded On: May 20, 2021 01:25 2 amounting to minimum purchase of P250. 7. This promo cannot be used in conjunction with any other promo. 8. This offer cannot be replaced with cash, credit or other goods/services. 9. Redemption of free items can only be done upon purchase of the qualified meal. Redemption cannot be made after the official receipt has been issued to the customer. 10. Standard discount for senior citizens and persons with disability will apply to purchased goods/services under applicable laws. Senior citizens or persons with disability will also be entitled to a free item from this promo provided that transaction amount after the SC/PWD discount is applied is still Php 250 or above. 11. In case of dispute with respect to a customer’s eligibility, coverage of dates, and redemption, McDonald’s decision shall prevail. All questions or disputes regarding a customer’s eligibility for the promo shall be resolved by McDonald’s with the concurrence of the DTI. 12. Fraud, abuse or any unauthorized action relating to the card transaction, the redemption of the free item or the participation in the promo may result in the disqualification of the customer from the promo. This shall be without prejudice to any remedy available to McDonald’s by law or equity.
READ MORETap to pay with Visa for your food, groceries, appliances and dept store purchases and get a P300 GrabFood voucher! Merchant Terms & Conditions 1. Customers must use their Visa credit, debit, or prepaid card. Customers may opt to use either the tap-to-pay or dip option when paying. 2. Customers are qualified for the prize upon achieving a minimum spend in participating stores: a. Supermarkets, department stores, and electronics stores - minimum P3,000 single receipt b. Restaurants - minimum P3,000 in single or accumulated receipts 3. Only receipts issued from June 1 to July 31, 2021 are eligible. Defaced, crumpled, tampered or receipts that are less than ¾ of its actual size will not be honored. 4. Cancellation of purchases results in cancellation of the equivalent prize earned.
READ MOREBuy from local Shopee sellers with Visa, and enjoy P150 off for a minimum purchase of P1,000. Use our promo code VISA150OFF. Merchant Terms & Conditions 1. Qualified Visa cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. 2. Promo discount is P150 off, with a minimum spend of P1,000. 3. Promo discount is valid for eligible Shopee users during the promo duration. 4. Promo discount is valid for one-time use on June 4-6, 2021 between 2pm5pm only. 5. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder. 6. Promo discount is valid for new and existing Shopee registered customers. 7. Promo discount cannot be applied retroactively. 8. The offer cannot be exchanged for cash or other products. 9. Promo discount can only be applied on purchases from Preferred Shops, Mall Shops, Free Shipping Special Sellers, and Coin Cashback Sellers that ship from the Philippines. 10. Promo discount cannot be used on products under the “Load, Bills and eServices” category. 11. Promo discount is valid on orders to be delivered via integrated couriers. 12. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. 13. Shopee reserves the right to cancel transactions of accounts that are suspected to be invalid or fraudulent (i.e. abuse of system). 14. Shopee reserves the right to vary these terms & conditions with prior approval of DTI.
READ MOREBeneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) in Parañaque City were able to avoid long queues, hours of waiting time, and health risks from COVID-19, by receiving their cash grants thru their cash cards. The City Government of Parañaque, in partnership with the Department of Social Welfare and Development (DSWD) and Land Bank of the Philippines (LANDBANK), successfully disbursed cash grants worth P28 million to 7,118 4Ps beneficiaries in Parañaque City by utilizing their existing LANDBANK cash cards on May 6 and 18, 2021. The partnership for the online distribution of the cash aid was formalized through a Memorandum of Agreement (MOA) signed between Parañaque City Mayor Edwin L. Olivarez, DSWD Secretary Rolando Joselito D. Bautista, and LANDBANK President and CEO Cecilia C. Borromeo on April 23, 2021. “Since the start of the COVID-19 pandemic, LANDBANK has worked closely with various government partners for the immediate and efficient distribution of cash subsidies. We will continuously leverage on our digital and online platforms to facilitate a safe and secure mode of delivering social amelioration programs,” LANDBANK President and CEO Borromeo said. Under the agreement, LANDBANK facilitated the crediting of financial assistance to the cash card accounts of qualified 4Ps beneficiaries based on the list provided by the Pantawid Pamilya Information System (PPIS) of the DSWD. The cash assistance in the amount of P1,000 per affected individual, with a maximum amount of P4,000 per family, is part of the National Government’s support to low-income families residing in the National Capital Region (NCR) and in the provinces of Bulacan, Cavite, Laguna, and Rizal, collectively known as the "NCR Plus," that were previously placed under enhanced community quarantine (ECQ) on March 29 to April 18, 2021. LANDBANK continues to record a usage surge for its digital and e-banking channels since health and mobility restrictions were implemented last year. From January to April 2021, LANDBANK’s five major electronic channels—Mobile Banking App, Electronic Modified Disbursement System (eMDS), Link.BizPortal, iAccess, and weAccess—facilitated a total of 38.89 million transactions amounting to P642.68 billion. These represent increases of 12% and 55% year-on-year for volume of transactions and value, respectively. Meanwhile, LANDBANK continues to waive fees for online fund transfers of retail clients until June 30, 2021. This covers online fund transfers facilitated through LANDBANK’s online banking channels via InstaPay and PESONet. For more information about LANDBANK’s e-Banking products and services, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.
READ MOREThe Land Bank of the Philippines (LANDBANK) Buendia Branch announces its recent transfer to the Ground Floor of the NAPOLCOM-NCR Building at No. 371 Senator Gil Puyat Avenue, Makati City. Located near the intersection of Makati Avenue and Senator Gil Puyat Avenue, the LANDBANK Buendia Branch caters to the banking needs of major government and private clients within the bustling Central Business District of Makati. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREAt around 10:00 a.m. today, June 3, 2021, the Land Bank of the Philippines (LANDBANK) San Jose del Monte Branch in Bulacan received a bomb threat via email from an unknown sender. The concern was immediately reported to the local Philippine National Police (PNP). Branch personnel and clients were safely evacuated from the Branch. The local authorities secured the premises, and a bomb squad investigated the building and cleared the area from any explosive or threat. The LANDBANK San Jose del Monte Branch is closed for the day to allow for further investigation, but will resume operations tomorrow, June 4, 2021. The Branch is also coordinating with the local police for additional security in the area for the time being. While LANDBANK continues to be on high alert, we assure the public that this matter is being taken very seriously because the safety of our clients and personnel remains our utmost priority.
READ MORELANDBANK recently installed four offsite ATMs in the Bicol Region, namely in (counterclockwise from top left) Camalig, Albay; Jose Panganiban, Camarines Norte; Pasacao, Camarines Sur; and Mandaon, Masbate. In its continued efforts to reach out and serve more clients in Bicol, the Land Bank of the Philippines (LANDBANK) installed four offsite ATMs in various provinces of the Region, namely in Camalig, Albay; Jose Panganiban, Camarines Norte; Pasacao, Camarines Sur; and Mandaon, Masbate. Residents and Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries of these municipalities and nearby areas will no longer travel to the nearest LANDBANK branch for simple banking transactions. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
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 |
