‘Green’ hospital. Around 40% of Dr. Arturo P. Pingoy Medical Center’s total energy requirement comes from solar energy produced by 897 solar panels, which were purchased through LANDBANK financing. KORONADAL CITY, South Cotabato – As part of its commitment to operate an environmentally sustainable hospital, the Dr. Arturo P. Pingoy Medical Center is tapping into solar energy as an alternative power source to deliver quality healthcare to patients. Established by physician spouses Dr. Arturo and Dr. Amparo Pingoy in 1961, the hospital has grown from a small out-patient clinic into a three-storey medical building with a 100-bed capacity. The Land Bank of the Philippines (LANDBANK) has been a major partner of the hospital since 1998, extending credit assistance amounting to P612 million which were used for working capital and construction of medical buildings and facilities. Of this amount, P127 million was allotted for the establishment and operations of the medical school, St. Alexius College, Inc. Now operated by the Pingoy children, the hospital is transforming into a ‘green’ healthcare facility by using a portion of the latest loan under LANDBANK’s Go Green Inclusive Financing Program to install 897 solar panels that now serve as an alternative power source. With a total capacity of 342 kilowatt peak (kWp), the solar panels are able to supply 30% to 40% of the total energy requirement of the hospital. This generates around P4.8 million in savings per year, which improves the medical center’s cash flow and can be used for other essential expenses. “As an energy-intensive business, we want to do our part in minimizing the hospital’s carbon footprint, while keeping our patients and employees safe and comfortable. With LANDBANK’s support, we were able to make this a reality,” said daughter Dr. Nanette P. Franco, who serves as a director at the Medical Center. Additionally, the solar power helps the hospital continue operations even during power failures, preventing the disruption of medical procedures and damage to hospital equipment. Through the Go Green Inclusive Financing Program, LANDBANK aims to finance the acquisition, construction, or installation of equipment, systems, appliances, or structures for the efficient and cost effective use of energy or electricity. Eligible borrowers include enterprises registered as single proprietors, partners, cooperatives, and corporations; local government units (LGUs); government-owned and controlled corporations (GOCCs); state universities and colleges; and private universities and colleges classified as small and medium enterprises (SMEs). Up to 90% of the total project cost may be borrowed to finance non-fossil energy sources, such as roof top solar energy systems, wind mills or turbine systems or hybrid energy generators, and waste to energy conversion systems or equipment. The LANDBANK Go Green Inclusive Financing Program also finances the installation of thermal insulation and heat exchange systems, energy efficient lightings, rain collection or water recycling systems, construction of green buildings, and installation or adoption of energy efficient cooling systems and equipment, among others. Loans are payable up to 15 years based on cash flow or the economic useful life of the financed project, whichever is shorter. The interest rate shall be based on the prevailing market rate, but not lower than 5% per year. As of 31 May 2022, LANDBANK has approved loans totaling P48.9 million under the Go Green Inclusive Financing Program, underscoring the Bank’s thrust of promoting sustainable finance and development.
READ MORELANDBANK Visa Debit Card E-Commerce Promotional Campaign OFFER: Get up to P200 Cashback for a single minimum transaction of P100 in Netflix, Spotify, Google, and iTunes with your LANDBANK and OFBank Visa Debit Card. PROMO MECHANICS: 1. Existing and new LANDBANK and OFBank Visa Debit Card accountholders will get P100 cash back for a single minimum transaction of P100 made through any of the select international e-Commerce merchants ( Netflix, Google, iTunes, and Spotify) within the promo period. 2. Each account holder is entitled to one (1) rebate per month to be credited within a minimum of fifteen (15) business days to forty (45) business days from the date of transaction. • 1st Month – July 15, 2022 to August 15, 2022 • 2nd Month – August 16, 2022 to September 15, 2022 3. Promo period is from July 15, 2022 to September 15, 2022 TERMS AND CONDITIONS: 1. Each qualified LANDBANK and OFBank Visa Debit accountholders will be entitled to one (1) rebate per month. Maximum eligible rebate per accountholder is P200 for the promo duration. 2. Purchase must be from any of the following international merchants: MERCHANT REMARKS Google Except Google Advertising Services and Google-check-out purchases Netflix Spotify Including Podcasts iTunes Except physical payment in Apple stores Click here for the complete merchant category codes applicable in the promo. 3. Qualified transactions shall be based on the data sent by the merchant/acquirer to VisaNet. 4. A “Qualified Transaction” is defined as a successful payment transaction using a LANDBANK or OFBank Visa Debit Card for purchases/subscriptions in the abovementioned merchants within the Promo Period. 5. Promo Exclusions: The following transactions are NOT Qualified for this Promo: a. Domestic transactions in any of these merchants b. Face-to-face transactions in any of these merchants c. Transactions made through payment aggregators (ex. through telco bill or via PayPal for any of the above-mentioned subscription) d. Reversed/cancelled payments 6. The P100 maximum cashback will be credited to the qualified Cardholder of LANDBANK or OFBank Visa Debit account with transaction description, “LANDBANK Visa eComm Promo” on or before October 27, 2022 The cashback amount will be reflected on the Statement of Account and it will be reflected as part of the account’s transaction history which the Cardholder can access through the LANDBANK Digital Banking Channels (Mobile Banking Application and iAccess. 7. LANDBANK reserves the right to reverse or adjust the cashback previously posted if the qualifying spend is disputed or cancelled on a later date, or if the transaction is found to be invalid or fraudulent, or if there is erroneous posting of the cashback on the Cardholder’s account. 8. LANDBANK is not an agent of any of the participating merchants and makes no representation as to the quality of goods and services provided. All feedback regarding the quality of goods and services provided should be directed to the respective merchants. 9. In case of dispute in respect of but not limited to the Cardholder’s eligibility, coverage of dates, fulfillment, etc., LANDBANK’s decision shall prevail. All questions or disputes regarding the Cardholder’s eligibility for the promo shall be resolved by LANDBANK with the concurrence of DTI. 10. DTI Fair Trade Permit No. FTEB-147411 Series of 2022.
READ MOREThe Land Bank of the Philippines (LANDBANK) launched a new lending program to help fast-track the recovery of countryside financial institutions (CFIs) adversely affected by the onslaught of typhoon Odette last December 2021. Through the Countryside Financial Institutions – REhabilitation and Support to Typhoon Odette-Affected AREas or CFI-RESTORE Lending Program, LANDBANK will finance permanent working capital and capital expenditures, including the repair and rehabilitation of buildings and facilities, and the repair or purchase of equipment damaged by the typhoon. The CFI-RESTORE Lending Program can also be used to supplement the funds of CFIs for relending to sub-borrowers affected by the typhoon. “In the face of unprecedented financial challenges brought about by calamities, LANDBANK stands ready to assist CFIs to sustain their operations. This is part of our commitment to advance local recovery and help build more resilient communities nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the CFI-RESTORE Lending Program, LANDBANK will assist affected CFIs in six (6) regions previously declared by the National Government under a state of calamity due to typhoon Odette. These include MIMAROPA (Region IV-B), Western Visayas (Region VI), Central Visayas (Region VII), Eastern Visayas (Region VIII), Northern Mindanao (Region X), and CARAGA (Region XIII). Eligible Program borrowers include rural, thrift and cooperative banks which may borrow up to 85% of the actual need for permanent working capital and capital expenditure, and up to 90% for the CFIs’ sub-borrowers’ agricultural loans and 85% for non-agricultural loans. An interest rate of 4% per year shall apply, fixed for the first three (3) years and subject to repricing thereafter, and payable up to three (3) years for working capital, ten (10) years for capital expenditure, and ten (10) years for term loan rediscounting. CFIs with existing loans with LANDBANK may also avail of loan restructuring under the Program to rehabilitate and restore their operational cash flow, via extended repayment period. The LANDBANK CFI-RESTORE Lending Program will also cater to CFIs in areas placed under a state of calamity by their respective local government units. 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 Provincial Government of Biliran tapped LANDBANK to finance the construction of a flood control system in the Municipality of Naval (left photo) and acquisition of medical equipment and ambulances (center and right photos), among other development projects to enhance the delivery of essential public services in the province. BILIRAN – State-run Land Bank of the Philippines (LANDBANK) is doing its share to accelerate recovery and development of this island province by catering to the banking and financial needs of the provincial government and its eight municipalities. LANDBANK is the sole servicing bank in Biliran with a 100% share in deposits and loans of all local government units (LGUs) of the province—making the Bank the biggest development partner of the LGUs towards inclusive and sustainable local development. “Biliran is full of promising opportunities with its rich natural resources and flourishing agriculture and tourism sectors. LANDBANK fully supports the province’s development agenda by servicing the requirements of all LGUs and other local stakeholders,” said LANDBANK President and CEO Cecilia C. Borromeo. As of 30 June 2022, LANDBANK has approved loans to Biliran LGUs amounting to P747.9 million, which include financing for the construction of road networks, waterworks systems, public markets and government buildings, and acquisition of essential equipment, among others. In support of the Provincial Government’s COVID-19 response, LANDBANK financed the acquisition of medical equipment and supplies to boost the healthcare services of the Biliran Provincial Hospital—the only public hospital in the province. The Bank likewise supported the provincial government in the acquisition of land and sea ambulances to assist all municipalities for the expedient transfer of patients to the provincial hospital. The provincial government was also assisted by the Bank to complete a four-kilometer road, drainage and flood control systems, water reservoir and perimeter fence in the Municipality of Naval, which serves as the provincial capital. LANDBANK’s outstanding loans to Biliran’s agriculture sector have reached P79.2 million, with nearly 25,000 farmers and fishers assisted as of end-June 2022. Major provincial commodities financed include the production of milkfish and palay. At the same time, LANDBANK also facilitates the regular disbursement of subsidies to over 20,000 local beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD). The CCT and UCT beneficiaries can use their LANDBANK Prepaid Cards for cash withdrawals from the Bank’s eight automated teller machines (ATMs) and three Agent Banking Partners (APBs) in the province, as well as for cashless purchases in groceries and drugstores with point-of-sale (POS) terminals. The LANDBANK Prepaid Cards are now upgraded into transaction accounts with expanded features to provide a more convenient banking service to users. New features include receiving funds from LANDBANK accounts through fund transfers via the LANDBANK Mobile Banking App (MBA), iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, ATMs, and from other bank accounts via InstaPay and ATM fund transfers. LANDBANK is also providing Biliran LGUs digital banking facilities designed to enhance operational efficiency. These services include digital account management via the LANDBANK weAccess, online payment and collection of local fees and charges powered by the LANDBANK Link.BizPortal, and digital tax payments through the LANDBANK Electronic Tax Payment System (eTPS). The Bank is also looking to expand its accessible touchpoints with two additional ATMs in the towns of Kawayan and Cabucgayan within the year. LANDBANK, the only bank present in all 81 provinces in the country, is the biggest development partner servicing the LGU sector, with outstanding loans reaching P79.23 billion as of end-May 2022 and all LGUs nationwide maintaining deposit accounts with the state-run Bank.
READ MOREStudents, public utility vehicle drivers, vendors, household helpers, farmers, fishers, and other unbanked and underserved Filipinos can now open a LANDBANK PISO account with just P1.00 as minimum initial deposit. The Land Bank of the Philippines (LANDBANK) offers a new product to help bring more unbanked and underserved Filipinos—including students, public utility vehicle drivers, vendors, household helpers, farmers, and fishers—into the country’s formal banking system. Through the LANDBANK “Perang Inimpok Savings Option” or PISO account, interested customers can open a LANDBANK deposit account with only P1.00 as minimum initial deposit and up to a maximum of P50,000 account balance. The depositor is only required to submit one (1) valid identification card or any Barangay certification, clearance, or ID for verification. The LANDBANK PISO account is being offered to individuals without an existing LANDBANK deposit account and have no capacity to open a regular deposit savings account with higher initial deposit and maintaining balance requirements. “The LANDBANK PISO is another testament of our commitment to advance the National Government’s financial inclusion agenda. We continue to develop accessible and convenient banking products relevant to the diverse needs of our customers, including the unbanked and underserved,” said LANDBANK President and CEO Cecilia C. Borromeo. With the LANDBANK PISO, accountholders can access the Bank’s array of digital banking channels such as the iAccess, Link.BizPortal, and the Mobile Banking App for fund transfer, bills payment, and balance inquiry services. Accountholders can also use the PISO account in any LANDBANK, BancNet, and 7-Eleven Automated Teller Machines (ATMs), domestic Point-of-Sale (POS) terminals, and for over-the-counter transactions in their respective LANDBANK branch of account. Interested individuals may go to the nearest LANDBANK Branch in their area to open a LANDBANK PISO account. LANDBANK remains to be the only bank present in all of the country’s 81 provinces. As of 30 June 2022, the state-run Bank operates 608 branches; 2,847 ATMs; and 233 Cash Deposit Machines nationwide.
READ MOREPartner Participating Cards Duration Code Offer Validity Mastercard Credit, Debit, Prepaid Cards July 30, 2022 MCPAYDAY P150 off, min spend P2,000 1x use I. Qualifications The promo is exclusive to Mastercard® Credit, Debit, and Prepaid cards issued in the Philippines. II. How to Avail Shop using the Shopee mobile app. Select the items you wish to purchase and click “BUY NOW”. To proceed with checkout, enter your e-mail address and shipping details. Enter promo code “MCPAYDAY” upon checkout. Click “Select payment method” and choose “Credit / Debit Card” as option. Select or add your participating Mastercard® credit, debit, or prepaid card and click “Confirm”. Promo discount will be automatically applied to your purchase upon checkout. III. Terms and Conditions Qualified Mastercard® cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P150 off, with a minimum spend of P2,000. Promo discount is valid for eligible Shopee users during the promo duration. Promo discount is valid for one-time use on July 30, 2022. Promo discount is valid for new and existing Shopee registered customers. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder unless the reason for cancellation is deemed valid upon investigation. (e.g. delay in receipt of OTP) Promo discount cannot be applied retroactively. The offer cannot be exchanged for cash or other products. Promo discounts are only valid on preferred and Shopee Mall stores, excluding products under the “Load, Bills, and eServices” category. Promo discount is valid on orders to be delivered via integrated couriers. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. Shopee reserves the right to cancel transactions of accounts that are proven to be invalid or fraudulent (i.e. abuse of the system). Shopee reserves the right to vary these terms & conditions with prior approval of DTI. IV. Customer Support For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph DTI Fair Trade Permit No. FTEB-147367 Series of 2022
READ MORELANDBANK’s timely assistance helped Reicher Banana Farm, Inc. (RBFI) in Davao de Oro to register a 100% growth in production and fully recover from the dreaded Panama disease. PANTUKAN, Davao de Oro – When Reichard Dumaluan’s 74-hectare banana plantation was hit hard by the destructive Panama plant disease in 2013, his business was at serious risk of wilting away along with the infected trees in his farm. The Panama disease infested Cavendish plantations throughout the province (formerly Compostela Valley) and neighboring towns in the region, only four years after Dumaluan established the plantation, Reicher Banana Farm, Inc. (RBFI), in 2009. Over time, the disease caught on, affecting the quality and quantity of RBFI’s produce. With plantation yield and income significantly reduced, RBFI sought financial assistance from the Land Bank of the Philippines (LANDBANK) to rehabilitate and sustain their operations. RBFI availed of a P75-million loan from LANDBANK in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation. After two years of rehabilitation, RBFI fully recovered from the plant disease and is now harvesting around 10,000 boxes of produce a week—a 100% increase from the previous production of 5,000 boxes a week. “LANDBANK recognizes the importance of each subsector of agriculture to ensure food security. Through accessible credit assistance, we stand ready to support the diverse requirements of agri players to boost production and income,” said LANDBANK President and CEO Cecila C. Borromeo. RBFI also used a portion of the LANDBANK loan for land expansion and modernization, which includes the purchase of a digital device which can record data per banana bunch, such as its weight, age, and location in the plantation. With the data, RBFI can digitally monitor the health of the crops and accurately distributes farm inputs such as fertilizers, thereby helping the company save on costs. The generated data also allows RBFI to forecast harvests within a given season. “I am grateful for LANDBANK’s support, especially at a time we needed it the most. As a client, we appreciate the customer service, as well as the financial and technical support they provide for our production,” Reichard Dumaluan said. RBFI has since expanded its plantation to 130 hectares and generates employment for around 220 local residents. Their banana harvest is also being exported to different countries, including South Korea, China, and the Middle East, among others. As of 30 June 2022, LANDBANK’s loan portfolio to support the country’s banana industry has reached P1.49 billion, in line with its intensified service to the agriculture sector.
READ MOREThe Land Bank of the Philippines (LANDBANK) recorded a net income growth of 93.5% to P20.3 billion in the first half of 2022 from P10.3 billion a year ago, alongside doubledigit increases in assets and deposits. LANDBANK’s substantial expansion in net income is attributed to its prudent management of the cost of funds as well as sustained interest income from loans and investments. “LANDBANK’s robust financial performance will continue to drive its intensified assistance to key industries, especially the agriculture sector, in support of the country’s continuing recovery. We will also build on this growth momentum to further our efforts to rebuild local communities, advance financial inclusion, and support the National Government’s development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s total assets in the first half of the year grew by 11.8% to P2.8 trillion, further solidifying its ranking as the second-largest bank in the country. This was propelled by deposits amounting to P2.5 trillion, up 10.1% year-on-year. The government sector continues to account for the bulk of LANDBANK’s total deposits at 62% or P1.5 trillion, while the private sector comprised the remaining 38% share amounting to P930 billion. LANDBANK posted modest capital growth year-on-year at 1.9% to P206.5 billion, primarily due to the 93.5% surge in net income for the six-month period ended 30 June 2022. The Bank’s financial ratios remain at healthy levels, with return on equity at 15.43%, return on assets at 1.19%, and net interest margin at 2.92%. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the state-run Bank will mark its 59th anniversary, representing almost six decades of service to the nation.
READ MORELANDBANK South NCR Branches Group Head, Senior Vice President Ramon R. Monteloyola (center) receives the plaque of recognition on behalf of LANBANK from PAF Commanding General Lt. Gen. Connor Anthony D. Canlas, Sr. (left) and AFP Vice Chief of Staff Lt. Gen. Erickson R. Gloria (right) during the PAF 75th Anniversary Night celebration. The Land Bank of the Philippines (LANDBANK) was conferred with the Outstanding Stakeholder honor for the second year in a row by the Philippine Air Force (PAF) during its 75th Anniversary Night celebration at the Sheraton Hotel in Pasay City. The PAF recognized LANDBANK’s invaluable and continuous support over the years, notably the Bank’s digital banking facilities that the Air Force is utilizing. LANDBANK was instrumental in creating the one-time crediting system with the Air Force Accounting Office for PAF personnel’s salary and allowances; and the PAF Online Payment System which allows personnel to settle government-related accountabilities and dues through LANDBANK’s digital payment portal. “LANDBANK is one with the Philippine Air Force in its ongoing defense modernization efforts, as we continue to serve the country’s armed forces with convenient and accessible digital banking services,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK South NCR Branches Group Head, Senior Vice President Ramon R. Monteloyola received the plaque of recognition on behalf of the Bank from Armed Forces of the Philippines (AFP) Vice Chief of Staff Lt. Gen. Erickson R. Gloria and PAF Commanding General Lt. Gen. Connor Anthony D. Canlas, Sr. To sufficiently serve PAF personnel especially during peak demand, LANDBANK recently installed an offsite ATM in Clark Air Base and deployed a mobile ATM at the Air Education Training and Doctrine Command at Fernando Air Base in Lipa City, Batangas. The state-run Bank also previously facilitated the processing and distribution of LANDBANK ATM cards to all PAF trainees. LANDBANK is leveraging on the latest technology to support the digitalization of various government operations as part of its expanded mandate of serving the nation.
READ MOREThe Land Bank of the Philippines (LANDBANK) kicked off its 59th anniversary month celebration with the official inauguration of 10 mobile automated teller machines (ATMs) today, 05 August 2022, designed to service communities with disrupted or limited access to banking services. LANDBANK President and CEO Cecilia C. Borromeo, together with Manila Mayor Maria Sheilah “Honey” Lacuna-Pangan and Vice Mayor John Marvin “Yul” C. Nieto, led the blessing and inauguration of the LANDBANK Mobile ATMs at the Plaza Rajah Sulayman in Malate, Manila. They were joined by LANDBANK Director Virgilio DV. Robes, LBP Leasing and Finance Corporation (LLFC) President and CEO Michael P. Arañas, LANDBANK Executive Vice Presidents Alex A. Lorayes, Alan V. Bornas and Carel D. Halog, Senior Vice President Randolph L. Montesa, and other LANDBANK senior officials. “The launch of new LANDBANK Mobile ATMs today reflects our continuing commitment to deliver unhampered and essential services to customers. We are also expanding our reach nationwide to promote greater financial inclusion, as part of our broader thrust to spur inclusive and sustainable development,” said LANDBANK President and CEO Borromeo. Six (6) of the new LANDBANK Mobile ATMs will be stationed in LANDBANK branches located in Luzon—including two units in Metro Manila—and two units each in Visayas and Mindanao. The new touchpoints increase LANDBANK’s total mobile ATMs to 20 and a wider ATM network of 2,877. Designed as an offsite ATM mounted on a customized transport vehicle, the LANDBANK Mobile ATM can provide basic banking services, such as cash withdrawal, balance inquiry, bills payment, and fund transfer. The LANDBANK Mobile ATMs can be deployed in areas affected by disasters or calamities, including cash payouts to beneficiaries of the National Government’s Conditional and Unconditional Cash Transfer (CCT/UCT) Programs under the Department of Social Welfare and Development (DSWD). Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate of promoting national development. On 8 August 2022, the state-run Bank will mark its 59th anniversary, representing almost six decades of service to the nation.
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 |
