LANDBANK President and CEO Cecilia Cayosa Borromeo (4th from left) and other Bank officers welcome Israeli Ambassador to the Philippines Ilan Fluss (3rd from left) on 17 January 2023 to discuss potential collaboration programs geared towards advancing innovation and development in the country. Joining them from Israel-based AgroStudies are CEO Yaron Tamir (2nd from left) and Deputy Inbal Shoval (leftmost). To further strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (LANDBANK) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss paid a courtesy visit to LANDBANK President and CEO Cecilia C. Borromeo at the LANDBANK Plaza on 17 January 2023. The principals discussed Israel’s modern technologies and best practices for possible adoption in the Philippines, to be supported by LANDBANK’s expertise in agriculture and development financing. “LANDBANK continues to explore strategic partnerships to help advance national development. We look forward to collaborate with the government towards the adoption of innovative technology and approaches, especially in the agriculture sector,” said LANDBANK President and CEO Cecilia Cayosa Borromeo, who was joined by Senior Vice President Elcid C. Pangilinan and Assistant Vice President Edgardo S. Luzano during the meeting. Ambassador Fluss was joined by representatives from AgroStudies, an international training center in Israel which offers agricultural internships to students from developing countries, led by its CEO Yaron Tamir and Deputy Inbal Shoval. A potential partnership to endorse qualified Filipino students to undergo advanced learning and skills development training in agriculture technology and innovation in Israel was also discussed, aimed to help develop a more sustainable agriculture sector in the country.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (5th from left) and Sarangani Governor Rogelio D. Pacquiao (4th from left) lead the signing of a P1-billion loan Term Sheet to fund the province's development projects on 19 January 2023 at the Grand Summit Hotel in General Santos City. They are joined by Vice Governor Dr. Elmer T. De Peralta (3rd from left) and Provincial Administrator Atty. Ryan Jay R. Ramos (2nd from left), together with LANDBANK Senior Vice Presidents Leila C. Martin (6th from left) and Ma. Celeste A. Burgos (rightmost), with Vice President Eden B. Japitana (leftmost). GENERAL SANTOS CITY, South Cotabato – The Land Bank of the Philippines (LANDBANK) has committed to provide the Provincial Government of Sarangani with P1-billion worth of loans to fund the province's various development projects. LANDBANK President and CEO Cecilia Cayosa Borromeo and Sarangani Governor Rogelio D. Pacquiao signed the term sheet for the proposed loan on 19 January 2023 at the Grand Summit Hotel in General Santos City. They were joined by Vice Governor Dr. Elmer T. De Peralta, Provincial Administrator Atty. Ryan Jay R. Ramos, together with LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos, Leila C. Martin, Charlotte I. Conde, and Camilo C. Leyba, and Vice President Eden B. Japitana, among other Bank officers. “LANDBANK fully supports the vision for Sarangani Province to have a self-sustaining and globally competitive economy. Together, let us continue to explore more avenues for collaboration, in the service of your constituents, and the nation at large,” said President Borromeo. The loan was approved by the LANDBANK Board on 25 January 2023. Of the P1-billion loan, Sarangani eyes to allocate P500 million for the acquisition of several heavy equipment, P200 million for hospital and medical equipment, and P300 million for the establishment of the Provincial Agri-Fisheries Complex. "My heartfelt appreciation and gratitude to LANDBANK for gladly opening its doors, once again, to the Provincial LGU of Sarangani with its proposal to raise as much as P1 billion to fund the province's programs and projects," Governor Pacquiao said. The governor added that the funding support will "fuel the work of the Provincial LGU as we intensify our efforts in delivering more basic services to the people, as well as reach targeted goals for a more resilient, dynamic, and progressive Sarangani." Likewise, LANDBANK and the provincial local government of Sarangani signed a Memorandum of Understanding (MOU) for the use of LANDBANK’s electronic payment channel. Through the LANDBANK Link.BizPortal, Sarangani residents can now digitally pay for fees, dues, and charges to the provincial government in real-time and at their convenience with just a few clicks on their computers or mobile devices. The Provincial Government of Sarangani joins 1,136 government and private partner merchants nationwide that have been enrolled in the LinkBizPortal system, as of end-December 2022. From January to December 2022, the LANDBANK Link.BizPortal facilitated 5.8 million transactions with value of P11.6 billion, representing increases of 49% and 11%, respectively, year-on-year. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is also in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).
READ MOREILOILO CITY – (left photo) Field officers and employees of the Land Bank of the Philippines (LANDBANK) dance to pounding drumbeats during the Dinagyang Festival parade on 21 January 2023. (right photo) A booth was also put up in front of the LANDBANK Iloilo Branch in Iznart Street to accommodate inquiries on the Bank’s products and services from attendees of the festival, which was sponsored in part by the Bank. LANDBANK is servicing the banking and financial needs of Ilonggos across the province through its 14 branches, 70 Automated Teller Machines (ATMs), 44 Agent Banking Partners (ABPs), and the Iloilo Lending Center in Iloilo City.
READ MORE(left) LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Surallah Mayor Pedro Matinong, Jr. (2nd from left) lead the ceremonial launching of the LANDBANK Link.BizPortal as an alternative payment channel of the Municipal Government of Surallah for the payment of local dues and fees online. (right) The two principals demonstrate the convenience of using the payment facility during the event launch on 20 January 2023 at the Surallah Municipal Hall. SURALLAH, South Cotabato – In line with digitalizing public services, the Municipal Government of Surallah has partnered with the Land Bank of the Philippines (LANDBANK) to provide its constituents with an online payment option to settle local government fees. Through the LANDBANK Link.Biz Portal, residents of the Municipal Government of Surallah can now conveniently pay fees and taxes online, eliminating the need to physically travel and queue at the Surallah Municipal Hall. LANDBANK President and CEO Cecilia Cayosa Borromeo and Surallah Mayor Pedro Matinong, Jr. led the ceremonial launching of the Link.BizPortal on 20 January 2023 at the Surallah Municipal Hall. They were joined by Municipal Administrator Rene G. Garcia along with LANDBANK Senior Vice Presidents Celeste A. Burgos, Leila C. Martin, and Charlotte I. Conde. “LANDBANK fully supports Surallah’s growth agenda in building quality infrastructure and in developing a bustling economic environment. We greatly appreciate the LGU for allowing us to be part of their digitalization journey to deliver convenient public services to its constituents,” said President Borromeo. Through a Memorandum of Agreement (MOA), the LANDBANK Link.BizPortal will facilitate for the Surallah LGU payments for regulatory fees, such as license and permit fees, as well as real property and business taxes. The Bank shall also ensure the online payment facility’s utmost security and report to the LGU the number and total amount of transactions or collections facilitated daily. “Nawa’y magamit natin ang teknoloyihang itong handog ng LANDBANK para mas mapabuti pa ang serbisyo ng LGU Surallah sa lahat ng ating mga mamamayan. Asahan po ninyo na kaisa ng LANDBANK and Surallah sa pagsulong ng mga teknolohiyang magpapagaan ng pamumuhay ng mga taga-Surallah,” said Mayor Matinong. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order No. 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is also in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).
READ MORELANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa (3rd from left) and Western Visayas Transport Cooperative (WVTC) Chairman Raymundo G. Parcon (4th from left) lead the loan signing for the purchase of 95 modern jeepneys on 19 January 2023 at the Richmonde Hotel in Iloilo City. ILOILO CITY – Some 95 additional new modern jeepneys will start plying the city’s streets in February 2023 after the Land Bank of the Philippines (LANDBANK) and Western Visayas Transport Cooperative (WVTC) signed a loan contract for the acquisition of brand new and environment-friendly public utility jeepneys (PUJs). LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa and WVTC Chairman Raymundo G. Parcon led the loan signing on 19 January 2023 at the Richmonde Hotel in Iloilo City. They were joined by WVTC General Manager Halley T. Alcarde and other co-op members, alongside LANDBANK Iloilo Lending Center Head, Assistant Vice President Giovani T. Baoy and other Bank officers. The WVTC’s modern jeepneys will provide a convenient, safe, and comfortable commuting experience for Ilonggos in 13 routes in Iloilo City. The units will be equipped with air-conditioning, closed-circuit television (CCTV) systems, Wi-Fi connectivity, Global Positioning System (GPS), and a cashless payment system, among others. More than the safety and convenient features, modern jeepneys have minimal impact on the environment as these will be compliant with the European emission standards for globally-accepted vehicle exhaust emission limits. “LANDBANK remains committed to supporting the National Government’s agenda towards building a modernized transport system. We stand ready to assist more transport cooperatives and corporations nationwide to make the shift to safer and more efficient vehicles,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK’s financing for the purchase of modern jeepneys will also provide a sustainable source of income to over 700 operator and driver-members of WVTC, who were previously at risk of losing employment with the planned phaseout of old jeepneys. “Nagpapasalamat kami sa LANDBANK sa tiwala at tulong nito sa aming kooperatiba. Pumupunta sila sa aming opisina at talagang ginagabayan kami para matapos ang mga loan requirements. Sana magpatuloy pa ang tulong sa amin ng LANDBANK upang patuloy naming maserbisyuhan ang mga commuters sa Iloilo City,” said WVTC Chairman Parcon. The WVTC was formed in 2017 to comply with the Department of Transportation’s (DOTr) order to convert various associations of operators and drivers into a cooperative to operate modern PUJs. In April 2022, the cooperative was granted a franchise by the Land Transportation Franchising and Regulatory Board (LTFRB) to operate more than 550 units plying 13 routes in Iloilo City. The co-op plans to seek LANDBANK’s assistance again to fund its remaining approved units. The modern jeepneys of WVTC are financed under the LANDBANK SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) Program, which directly supports the Public Utility Vehicle Modernization Program (PUVMP) spearheaded by the DOTr and LTFRB. As of 31 December 2022, LANDBANK has approved P6.3 billion in loans to 138 transport cooperatives and corporations nationwide under the Program for the acquisition of over 2,860 modern jeepneys. Of this number, the Bank has extended P751.2 million to 10 borrowers from Iloilo to finance a total of 334 units.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Lake Sebu Countryside Development Multipurpose Cooperative (MPC) Vice Chairman Felimon Elloran (leftmost) lead the signing of the Memorandum of Agreement to officially tap the cooperative as an Agent Banking Partner of LANDBANK in the municipality. Joining them are MPC Manager Rosie Makilan (2nd from left), and LANDBANK Senior Vice President Leila C. Martin (rightmost). LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) has tapped the Lake Sebu Countryside Development Multipurpose Cooperative (MPC) to serve as its Agent Banking Partner in this underserved municipality, as part of the Bank’s mandate to advance greater financial inclusion in the country. As a LANDBANK Agent Banking Partner, the Lake Sebu Countryside Development MPC will now offer basic banking services, such as card sale, cash-in, cash-out, fund transfer, and bills payment, as well as other services that may be offered by LANDBANK in the future. The cooperative will also service the cash requirements of around 13,700 beneficiaries of the National Government’s Conditional Cash Transfer (CCT) Program in the area, who previously had to travel to the municipality of Surallah to withdraw their cash grants. “Our MOA signing represents a big step in providing access to banking services to the unbanked municipality of Lake Sebu. As we deliver our services closer to our customers here, we are also allowing them to enjoy lower transaction costs and save on travel expenses,” LANDBANK President and CEO Cecilia Cayosa Borromeo said. President Borromeo and Lake Sebu Countryside Development MPC Vice Chairman Felimon Elloran led the signing of the Memorandum of Agreement to formalize the partnership on 20 January 2023 at the Punta Isla Lake Resort in Lake Sebu. They were joined by the cooperative’s Manager, Rosie Makilan, and LANDBANK Senior Vice President Leila C. Martin. Under its Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no Bank presence. As of 31 December 2022, LANDBANK has a total of 1,056 Agent Banking Partners nationwide, covering all 82 provinces and 827 municipalities. This includes 206 unbanked municipalities based on the list of the Bangko Sentral ng Pilipinas (BSP) as of December 2021, and 621 underserved municipalities or with limited LANDBANK presence. The LANDBANK Agent Banking Program is in compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, wherein banks are allowed to serve customers through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand its reach and serve customers more efficiently.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from right) receives a plaque of commendation from Lake Sebu Mayor Floro S. Gandam (4th from right) during the Financial Literacy Training Program and Natural Farming Management Workshop in Lake Sebu, South Cotabato on 20 January 2023. Joining them are (L to R) LCDFI Chairperson Consuelo N. Padilla, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) through its foundation successfully conducted trainings on financial literacy and natural farming in this town on 20 January 2023, in line with the Bank’s commitment to advance financial inclusion while extending support to the agriculture sector. In partnership with the Holy Child Central Colleges, Inc. (HCCCI) and the local government of Lake Sebu, the trainings were designed to enhance the technical capacity and livelihood skills of farmers, fishers, small and medium entrepreneurs, and LGU employees in the area. LANDBANK President and CEO Cecilia Cayosa Borromeo observed the training proceedings, together with Lake Sebu Mayor Floro S. Gandam, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin, and LANDBANK Countryside Development Foundation, Inc. (LCDFI) Chairperson Consuelo N. Padilla. “Apart from offering accessible credit, LANDBANK also provides innovative capacity-building interventions to our partners. We are promoting financial inclusion to advance economic opportunities and help spur sustainable development in local communities,” President Borromeo said. President Borromeo examines the natural fertilizers produced by the participants from the Natural Farming Management Workshop. Among the farmer organizations who participated in the one-day training workshop include the Lake Sebu Vegetable Association (LAS VEGAS), Lake Sebu Indigenous Women and Farmers Association (LASIWFA), and the MNLF Luhib Lake Sebu Coconut Farmers Organization (MLLSCFO). Since July 2022, LCDFI has conducted 32 training sessions that benefitted a total of 6,000 farmers, fishers, and farm laborers from all the barangays of Lake Sebu. They form part of the total 300,300 training participants that LCDFI has supported nationwide from July 2020 until December 2022, located in 196 unbanked municipalities in 53 provinces. The LCDFI is a non-stock, non-profit corporate foundation of LANDBANK, and serves as its training arm to strengthen cooperatives and assist farmers and fishers in their development.
READ MOREThe Land Bank of the Philippines (LANDBANK) generated a net income of P30.1 billion in 2022—surpassing by almost P5 billion its full-year target of P25.7 billion—for a significant 38.2% expansion from P21.7 billion in 2021. The state-run Bank breached the P30 billion mark in total net income for the very first time, driven by the substantial interest income from loans and investments, alongside earnings from fees, commissions, and foreign exchange, among other income sources. “LANDBANK’s strong performance in 2022 represents another milestone year, with a solid balance sheet that continues to overcome external headwinds and yield sustainable growth. We look forward to a more favorable economic environment this year, as we take on a more prominent role in nation-building as a development institution,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK’s assets posted a double-digit growth of 21.5% to reach P3.1 trillion from P2.6 trillion. The increase was propelled by deposits expanding 21.8% to P2.8 trillion from P2.3 trillion year-on-year. The government sector accounted for the bulk of the Bank’s total deposits at 67.6% or P1.9 trillion. This includes deposits from national government agencies and GOCCs which increased by 48.1% and 22.5%, respectively, over the previous year. LANDBANK’s capital likewise grew a modest 1.4% to P210.6 billion from P207.7 billion. This was accomplished despite the P8.5 billion in special cash dividends remitted to the National Government in June 2022, due to the record net income. Meanwhile, the Bank’s financial ratios remain at healthy levels, with return on equity at 14.37%, return on assets at 1.05%, and net interest margin at 2.97%. LANDBANK’s sound financial position is boosting its capacity to extend support to key development sectors, as part of its broader thrust of serving the nation.
READ MOREGovernance Commission for GOCCs (GCG) Chairperson Alex L. Quiroz (left) and LANDBANK President and CEO Cecilia Cayosa Borromeo (right) sign LANDBANK’s Performance Scorecard measures and targets for the year on 24 January 2023 at the GCG Office in Makati City. The new performance scorecard was aligned with the Bank’s 2023-2028 Medium-Term Plan (MTP) that supports the National Government’s priority agenda. The performance agreement between GCG and LANDBANK has been executed pursuant to GCG Memorandum Circulars 2013-02 and 2017-02, which provide the framework for setting the organizational targets of a GOCC.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) along with Pryce Corporation Chairman Salvador P. Escaño (4th from left) and President Efren A. Palma (5th from left) lead the signing of a P1.6-billion credit agreement to fund the firm’s expansion on 27 January 2023 at the LANDBANK Plaza in Malate, Manila. Joining them are Pryce Gases, Inc. Chairman Atty. Earl Christian L. Lerio (rightmost), LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos (2nd from left) and Charlotte I. Conde (leftmost). The Land Bank of the Philippines (LANDBANK) and Pryce Corporation signed a P1.6-billion loan agreement to fund the expansion of the firm’s operations in real estate development and liquefied petroleum gas (LPG) distribution. LANDBANK President and CEO Cecilia Cayosa Borromeo, Pryce Corporation Chairman Salvador P. Escaño and President Efren A. Palma led the signing on 27 January 2023 at the LANDBANK Plaza in Malate, Manila. They were joined by Pryce Gases, Inc. Chairman Atty. Earl Christian L. Lerio, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Charlotte I. Conde, and Vice President Jimmy P. Arco. “LANDBANK is committed to supporting the continued expansion of Pryce Corporation to help provide a wide array of essential products and services to customers nationwide. We stand ready to serve the growth requirements of the firm and its subsidiaries, as well as other productive businesses towards advancing inclusive economic development,” said President Borromeo. Of the total loan amount, Pryce Corporation will allocate P1.5 billion for the construction of LPG terminals and refilling stations of its subsidiary, Pryce Gases, Inc. Pryce’s other subsidiary, Oro Oxygen Corporation, will be supported with P105 million to fund the expansion of its LPG products distribution. The remaining P55 million will finance the development of Pryce Company’s memorial parks and columbariums in major cities of Mindanao, including one in Iligan City that is currently ongoing construction. “The P1.6-billion loan from LANDBANK, combined with Pryce’s existing resources, will help Pryce to further expand its LPG infrastructure and penetrate the market more deeply, thereby enabling Pryce to increase its market share. It will also bring the PRYCEGAS products closer and more accessible to the many household consumers,” said Chairman Escaño. Pryce Corporation was established as a property holding and real estate development company, which is principally involved in the development of memorial parks and sale of memorial lots. At present, it has a total of 13 memorial parks in Mindanao and one columbarium in Cagayan de Oro City. LANDBANK supports the financing requirements of key productive sectors of the economy, to drive its broader thrust of nation-building in serving 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 |
