LANDBANK and the Department of Agriculture deliver cash assistance to rice farmers in Allacapan, Cagayan on 26 October 2022, under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program. CAGAYAN PROVINCE – More than 6,200 rice farmers from this province received cash assistance worth P5,000 each under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program from the Land Bank of the Philippines (LANDBANK). In partnership with the Department of Agriculture (DA), the cash assistance was credited to LANDBANK Intervention Monitoring Cards (IMCs) of beneficiaries from Cagayan, composed of over 3,000 rice farmers from the Municipality of Gattaran, 1,850 from Allacapan, and 1,350 from Aparri. “LANDBANK is working closely with the DA to deliver cash assistance to rice farmers in the most immediate time. Rest assured that we will continue to complement the National Government’s development agenda towards building a sustainable and resilient agriculture sector,” said LANDBANK President and CEO Cecilia C. Borromeo. Through the LANDBANK IMCs, the farmer-beneficiaries can withdraw their cash grants from LANDBANK automated teller machines (ATMs) free of charge, cash-out funds from LANDBANK Agent Banking Partners (ABPs), and make cashless purchases in establishments and other accepting merchants via Point-of-Sale (POS) terminals, for the purchase of needed farm inputs. LANDBANK is also gearing up to deliver IMCs and cash assistance to DA-identified beneficiaries in other Cagayan municipalities, including Buguey, Calayan, Camalaniugan, Lal-lo, Gonzaga, Sta. Ana, and Sta. Teresita. As of 29 October 2022, LANDBANK has produced more than 126,000 IMCs for RCEF-RFFA beneficiaries, and opened accounts for additional 125,000 farmers for immediate production and distribution of their own cards. Under the RCEF-RFFA Program, beneficiaries are set to receive P5,000.00 worth of cash assistance each through the LANDBANK IMCs to boost agricultural productivity. LANDBANK serves as the disbursing arm of the RCEF-RFFA Program, designed to provide responsive financial support to eligible farmer beneficiaries identified by the DA, as part of the implementation of Republic Act No. 11203 otherwise known as the Rice Tariffication Law (RTL).
READ MOREThe major digital banking platforms of the Land Bank of the Philippines (LANDBANK) in the first three quarters of the year have facilitated a total of 111.3 million transactions amounting to P4.6 trillion – registering 15% and 169% year-on-year growths in volume and value, respectively. Amid the continuing increase in customer demand for digital financial transactions, LANDBANK President and CEO Cecilia C. Borromeo underscored the importance of digital transformation for the state-run Bank during the “BOUNDLESS: Philippine Digital Convention 2022” held on 27 October 2022 in Parañaque City. “Digitalization enables LANDBANK to provide better solutions to the growing and varied needs of our customers. This includes delivering greater value to beneficiaries of social protection programs, government employees, local government units, and other key development sectors,” said President Borromeo at the Convention, where The total utilization growth recorded by LANDBANK in the nine-month period consists of combined transactions via the LANDBANK Mobile Banking App (MBA), weAccess, Electronic Modified Disbursement System (eMDS), Link.BizPortal, iAccess, and the LANDBANK Bulk Crediting System (LBCS). The LANDBANK MBA topped the group in terms of transaction volume, which recorded 87.6 million transactions amounting to P154.3 billion, translating to 20% and 29% increases, respectively. The overall increase in transaction value was propelled by the Bank’s corporate internet banking platform, the LANDBANK weAccess, which logged 13.26 million transactions worth P2.95 trillion – a 739% increase in value from the same period last year. Meanwhile, the LANDBANK eMDS for national government partners facilitated 1.7 million transactions worth P1.4 trillion, translating to a 19% rise in value. The Bank’s online retail banking channel, iAccess, likewise posted a 16% increase in terms of transaction value amounting to P13 billion from 3.9 million transactions. The Link.BizPortal, LANDBANK’s web-based payment facility, recorded a 50% rise in transaction volume with 4.3 million transactions worth P8.8 billion. Lastly, the LBCS — the Bank’s online electronic disbursement facility — recorded transactions amounting to P14.09 billion for a significant 575% jump compared to the same period last year. “More than the numbers – the outcome, the quality of lives of the people and communities we serve are very important. The possibilities of improving the lives of customers are boundless,” added President Borromeo. LANDBANK continues to leverage on digital technology to deliver convenient and secure financial services and products to development sectors of the economy, as part of its full commitment to serving the nation.
READ MOREThe Land Bank of the Philippines (LANDBANK) posted a net income of P25.69 billion in the first three quarters of 2022, for a 54% growth from P16.7 billion year-on-year. The increase in net income was driven by higher interest earnings from loans and investments, boosted by gains from foreign exchange and non-recurring miscellaneous income. This also pushes the Bank closer to meeting its 2022 full-year net income target of P25.71 billion. “The sustained earnings and solid capital base of LANDBANK keeps it in prime position for sustainable growth, which extends to the development sectors that we serve. We will continue to direct our robust loan portfolio to drive support for agriculture alongside other key industries,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s total assets likewise grew to P2.8 trillion or 8% higher than the P2.6 trillion a year ago. This was propelled by deposits amounting to P2.4 trillion, mainly due to deposits from private individuals, local government units (LGUs) and national government agencies. Meanwhile, the Bank’s capital stood at P204.4 billion as of 30 September 2022. Financial ratios also remain at healthy levels, with return on equity at 14.89%, return on assets at 1.15%, and net interest margin at 3.1%. LANDBANK’s sound financial position is furthering its capacity to extend financial support to development sectors, as part of its broader thrust of serving the nation. As of end-September 2022, the state-run Bank’s agri loan portfolio reached P259.2 billion, with a total of 3.36 million small farmers and fishers assisted through LANDBANK’s network of 607 branches, 58 lending centers, 2,899 ATMs, and 970 Agent Banking Partners nationwide.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (6th from left) and other Bank officers welcome Deputy Director General of the Finance Institution Supervision Department Phanthaboun Sayaphet (5th from left) and the rest of the delegates from the Bank of the Lao (BOL) of the Lao People's Democratic Republic (PDR) at the LANDBANK Plaza on 25 October 2022. Delegates from the Bank of the Lao (BOL)—the central bank of the Lao People's Democratic Republic (PDR)—recently visited the Land Bank of the Philippines (LANDBANK) to learn more about the state-run Bank’s operational model for development financing. BOL International Cooperation Department Director General Phengsy Phengmaung praised LANDBANK’s extensive experience and success in providing accessible finance to micro, small, and medium enterprises (MSMEs), with the study visit aimed to enhance BOL’s own Lao Access to Finance Fund (LAFF) Project. LANDBANK shared to the delegates its intensified efforts in supporting key local economic sectors, particularly MSMEs, during the study visit at the LANDBANK Plaza on 25 October 2022. “We hope that our experiences and best practices will serve as valuable inputs to the continual improvement of your lending operations under the Lao Access to Finance Fund Project,” said LANDBANK President and CEO Cecilia C. Borromeo. BOL’s LAFF Project aims to provide MSMEs in Laos expanded access to sustainable and needs-based financial services. Mr. Phanthaboun Sayaphet, Deputy Director General of the Finance Institution Supervision Department and LAFF Project Steering Committee member, led the delegation from BOL, which included other members of the LAFF Project team.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (seated, 2nd from right) pays a courtesy visit to the Governance Commission for GOCCs (GCG) led by Chairperson Alex L. Quiroz (seated, 3rd from right) on 08 November 2022 to express support for GCG’s plans and programs towards the effective management of GOCCs in the country. The Land Bank of the Philippines (LANDBANK) expressed its continued support to the Governance Commission for GOCCs (GCG) in ensuring the delivery of responsive and efficient service of Government-Owned or-Controlled Corporations (GOCCs) to Filipinos. LANDBANK President and CEO Cecilia C. Borromeo met with GCG Chairperson Alex L. Quiroz on 08 November 2022 to explore areas of collaboration, including future plans to further optimize LANDBANK’s organizational structure. Likewise, GCG commended LANDBANK for consistently garnering a high rating on the Corporate Governance Scorecard (CGS) among GOCCs over the years, demonstrating the state-run Bank’s adherence to the highest standards of excellence in public service. Also present in the meeting from GCG were Commissioners Atty. Gideon Mortel and Atty. Geraldine Marie Berberabe-Martinez, Directors Atty. Lovely Joy Avisado and Atty. Johann Carlos Barcena, and from LANDBANK, Executive Vice President Alex A. Lorayes, Senior Vice Presidents Elcid C. Pangilinan, Joselito B. Vallada, Ramon R. Monteloyola, and other officers from the two institutions. LANDBANK currently serves the banking needs of GCG, including payroll service for its employees and convenient digital payment solutions to suppliers through the LANDBANK weAccess, the Bank’s internet banking facility for institutional clients. The Bank maintains a strong corporate governance culture anchored on integrity, transparency, and accountability, as part of its continued commitment to deliver quality financial and support services in serving the nation.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (6th from right) and other Bank officers welcome CEO H.E. Dr. Thach Kao (7th from right), Deputy CEO H.E. Lim Ban (8th from right), and other delegates from the Agricultural and Rural Development Bank (ARDB) of Cambodia, including Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Institute of Development Finance Head Sandra C. Honrado (5th from right), at the LANDBANK Plaza on 24 October 2022. The Land Bank of the Philippines (LANDBANK) recently shared its experiences and best practices in developmental and agricultural finance to delegates from the Agricultural and Rural Development Bank (ARDB) of Cambodia. LANDBANK President and CEO Cecilia C. Borromeo welcomed ARDB CEO H.E. Dr. Thach Kao, Deputy CEO H.E. Lim Ban, and other ARDB delegates, including Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Institute of Development Finance Head Sandra C. Honrado, at the LANDBANK Plaza on 24 October 2022. "We look forward to opportunities of collaborating with the ARDB of Cambodia towards our shared vision of advancing growth and sustainability strategies that will positively impact our countries and Southeast Asia," said President Borromeo. Other LANDBANK officers welcomed the visitors from Cambodia for their study visit, which include Executive Vice President Alex Lorayes, Senior Vice Presidents Ma. Celeste Burgos and Elcid Pangilinan, as well as Vice Presidents Esperanza Martinez and Sandra Daraman. The delegation from Cambodia was also in the country to attend the 45th ADFIAP Annual Meeting on 26 October 2002 at the Conrad Hotel in Pasay City.
READ MOREThe cold storage facility of Argo Cold Storage financed by LANDBANK in Nueva Ecija can accommodate up to 450,000 bags of onions, allowing farmers to increase their production and income. PALAYAN CITY, Nueva Ecija – Some 20,000 onion farmers enjoy bountiful harvests and improved earnings through the cold storage facility financed by the Land Bank of the Philippines (LANDBANK) in this onion-producing province. The storage facility is owned and managed by the Argo Cold Storage, a subsidiary of Argo International Forwarders, Inc. (AIFI), and can accommodate up to 450,000 bags of onions. Farmers from Nueva Ecija and neighboring provinces benefit the most from Argo Cold Storage’s services, which help prolong the shelf life of onion produce and reduces post-harvest losses due to insect infestation. “When I went to Nueva Ecija way back in 2012, I noticed that many onion farmers there were forced to sell their produce to middlemen or traders at a lower price, to avoid the crops from rotting. Now, farmers can increase their onion production and ensure that their produce are in safe custody through our cold storage services,” said Argo Cold Storage and AIFI Chairman Efren Patron Zoleta Jr. LANDBANK has been supporting Argo Cold Storage and AIFI expand its operations since 2017, aimed at helping onion farmers from Nueva Ecija to sell their produce at a competitive market price and thereby generate higher income. The Argo Cold Storage and AIFI also have an existing loan or credit line with the Bank to finance its additional working capital requirements. On top of helping onion farmers, Argo Cold Storage and AIFI contribute to local job generation by employing more than 120 regular workers, porters and sorters, to facilitate the end-to-end operations of the cold storage facility. “LANDBANK is doing its share in boosting the local onion supply by providing accessible credit assistance to onion producers in the country. We will continue to service the requirements of agriculture players towards a food-secure and resilient Philippines,” said LANDBANK President and CEO Cecilia C. Borromeo. Accessible and affordable financing As of 30 September 2022, LANDBANK has approved P1.1 billion in loans to support the production and trading of onion and acquisition of cold storage equipment, with additional loans worth P102.9 million in the pipeline. Onion is a high-value crop that can be financed under the LANDBANK Sulong Saka Program, designed to provide credit assistance to various qualified stakeholders for agribusiness projects that support high-value crops production, processing and marketing. Under the Program, small farmers may borrow up to 90% of the total project cost for a production loan, while a maximum of 80% may be borrowed by small and medium enterprises (SMEs), cooperatives, farmers’ associations and organizations, large agribusiness enterprises and corporations, non-government organizations (NGOs), and countryside financial institutions (CFIs). Eligible borrowers may also avail of up to 80% of the project cost for the acquisition of fixed assets, and up to 85% of the market price of the commodity for commodity loans. Local government units (LGUs) may likewise avail of financial support under the Sulong Saka Program, provided that the loan amount will not exceed their net borrowing capacity, as certified by the Bureau of Local Government Finance (BLGF). Loans for working capital and permanent working capital are payable up to one (1) year and three (3) years, respectively, while loans for fixed assets and construction of facilities are payable based on project cash flow but not more than its economic useful life. The interest is based on market rate, while loans for smallholder farmers shall bear a concessional fixed rate of 5% per annum.
READ MOREPromo Mechanics Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) Promo Period: November 15 - 20, 2022 December 15 - 20, 2022 Promo Period and Promo Offer The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Save your Mastercard debit or credit card on Lazada from November 15 – 20, December 15 – 20, 2022 and get PHP 100 OFF! The promo is valid on regular and sale items at Lazada. Saving credit or debit cards must be made on promo periods indicated from 12:00 am to 11:59 pm Philippine time. Open for up to 2,166 voucher redemptions. Saving credit or debit cards must be done on either the My Account or Lazada Wallet pages only. Cards saved upon checkout will not be eligible for the voucher reward. PHP 100 discount applies for a minimum transaction amount of PHP 1,500, charged to the Mastercard Credit/Debit/Prepaid Card. The discount will be available in the voucher wallet immediately upon saving the card on the Lazada platform. Redemption period of voucher reward is from November 15, 2022 – Feb 20, 2023, December 15, 2022 – March 20, 2022. Voucher is valid for one-time use for transactions at the Lazada mobile app only. Discount will apply when the voucher is selected at the Payment Page and the eligible Mastercard Credit/Debit/Prepaid Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. Card on File Rewards vouchers can be used with other collectible vouchers and voucher codes, except for platform shipping fee vouchers. How to Avail Terms and Conditions Only customers who save their card within the promo period are eligible for card on file rewards. Discount can be used once throughout the valid redemption period. Discount is applicable to all Mastercard cardholders. Voucher can be applied at the checkout only when the customer has met the minimum spend requirement and has selected Mastercard as the payment method. Discount is not exchangeable for cash, credit or other goods and services. Discount cannot be applied retroactively. Discount is not applicable to items marked “Discount not applicable on this item”. All cancelled orders will not be valid for re-instatement of Instant Off discounts. The use of discount is subject to the Lazada Voucher Terms and Conditions. Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact.
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READ MORERECEIVE A COMPLIMENTARY ISSUE OF VOGUE PHILIPPINES WHEN YOU SIGN UP FOR A ONE-YEAR SUBSCRIPTION WITH MASTERCARD® Promo Mechanics The promotion is open to all Philippine- issued Mastercard credit, debit and prepaid cardholders only. Purchase a one-year subscription of Vogue Philippines and receive one complimentary regular issue or Vogue’s maiden issue when you pay with your Mastercard from November 11-December 31, 2022. The maiden issue is subject to availability. The free issue will be included in your first months of subscription. The one-year subscription consists of 10 regular issues for only Php 5,950 (excluding shipping fees). This special promo subscription excludes the September 2023 anniversary issue. Visit shop.vogue.ph to avail this special offer. For any questions or clarifications, you may email Vogue Philippines via shop@vogue.ph. For more information, you may also visit link: https://shop.vogue.ph/products/vph-full-year-subscription With Mastercard’s Priceless Planet Coalition™ mission to restore 100 million trees by 2025, 25 trees will be planted for every subscription purchased using your Mastercard® during this promotion period. DTI Per DTI Fair Trade Permit No. FTEB-155266 Series of 2022
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 |
