Three years since the country was placed under a state of calamity due to the COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) has approved loans totaling P41.3 billion as of 31 January 2023 to fast-track the recovery of local businesses and cooperatives. Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK has assisted a total of 825 borrowers nationwide, composed of 549 micro and small enterprises (MSEs), 134 cooperatives, 7 microfinance institutions, and 135 large enterprises. “LANDBANK remains committed to support the resurgence of pandemic-hit businesses and cooperatives. We will continue to serve their financial requirements to further advance the country’s ongoing economic recovery,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK first launched the I-RESCUE Lending Program at the onset of the pandemic, designed to provide borrowers timely financial aid at concessional terms, which include a longer repayment period, moratorium on principal and interest payments and lower interest rates. Under the Program, eligible borrowers may loan up to 85% of their emergency or permanent working capital requirements, with an interest rate of 7% fixed for one year and subject to annual repricing thereafter. LANDBANK has extended the I-RESCUE Lending Program until December 2023 to accommodate more potential borrowers. Interested borrowers may contact the nearest 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 MOREPromo Mechanics: Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) OFFER: MASTERCARD x Card on File Rewards Promo Period: March 15 – 20, 2023; April 15 – 20, 2023; May 15 – 20, 2023; June 15 – 20, 2023 The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Save your Mastercard credit, debit, or prepaid card on Lazada from 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 5,000 voucher redemptions with option to top up. 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 2,000 charged to the Mastercard Credit/Debit/Prepaid Card. Minimum spend applies to the total amount in cart prior to any discounts. 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 March 15, 2023 – May 20, 2023; April 15 – June 20, 2023; May 15 – July 20, 2023; June 15 – August 20, 2023. 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. Card on File Rewards vouchers can be used with other static and collectible vouchers and voucher codes. 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. Per DTI Fair Trade Permit No. FTEB-161340 Series of 2023.
READ MORESEALED PARTNERSHIP – (front row) Bohol Governor Erico Aristotle C. Aumentado (right) and LANDBANK President and CEO Cecilia Cayosa Borromeo (left) lead the signing of a Memorandum of Agreement for the Fish Buy Back Program on 10 March 2023 at the Bohol Provincial Capitol in Tagbilaran City. Joining them are officers of the participating fishers’ associations, fish vendor and trader groups, together with other LANDBANK and local officials. TAGBILARAN CITY, Bohol – The Land Bank of Philippines (LANDBANK) and the Provincial Government of Bohol have partnered for the roll-out of an innovative fish buy-back scheme that will provide local fishers a sure market for their daily catch while reducing the consumer price of fish in the province. Under the Fish Buy Back Program, the Provincial Government of Bohol will directly buy the fish catch of local fishers’ associations and handle the sales to partner trader groups. LANDBANK, for its part, will ensure the availability of affordable financing to support the operations of the participating parties and facilitate the disbursement of cashless payments under the partnership. Bohol Governor Erico Aristotle C. Aumentado and LANDBANK President and CEO Cecilia Cayosa Borromeo Borromeo signed a Memorandum of Agreement (MOA) on 10 March 2023 at the Bohol Provincial Capitol in Tagbilaran City for the Fish Buy Back Program. They were joined by Provincial Administrator Aster C. Caberte, LANDBANK Senior Vice Presidents Elsie Fe NB. Tagupa and Khurshid U. Kalabud, along with participating fishers’ associations, and fish vendor and trader groups. “We are pleased to take part in this timely and impactful initiative to advance the local fishing industry, which will benefit both local fishers and consumers. You can be assured of LANDBANK’s steadfast commitment to the objectives we have set out to accomplish under this program,” said LANDBANK President Borromeo. Under the partnership, LANDBANK will provide loans to 25 participating fishers’ associations through the Department of Agriculture’s (DA) Agricultural Competitiveness Enhancement Fund (ACEF), to support the acquisition of fishing equipment such as fishing boats, marine engines, and fish nets, as well as production inputs for fish cage culture. The Bank will also extend loans to 10 partner fish vendor and trader groups for the purchase of local fish catch from the Provincial Government, including its commercial distribution, at a price lower than the prevailing market price. “I’d like to thank LANDBANK for allowing us to have this project. We cannot do it without your support,” said Governor Aumentado, adding that he looks forward to more collaboration projects with the Bank. The Provincial Government of Bohol is expected to officially implement the Fish Buy Back Program in the four priority municipalities of Talibon, Bien Unido, Getafe, and Buenavista this March at the earliest, with plans of eventual roll-out in other parts of the province. LANDBANK has already approved a total of P162.8 million in loans for 17 fishers’ associations and 7 fish trader groups to jumpstart the Fish Buy Back Program. They will enjoy an annual interest rate of as low as 2%, with a repayment period of five (5) years, payable every six months from the date of the initial drawdown. Meanwhile, in line with the Provincial Government’s push for digitalization, the Program will adopt a cashless arrangement for faster and more secure disbursement of funds. All payments between the Provincial Government, fishers’ associations and trader groups will be facilitated through LANDBANK’s iAccess and weAccess facilities. Members of the participating fishers’ associations have also been encouraged to use the LANDBANK Mobile Banking App and LANDBANKPay to enjoy free and real-time fund transfers.
READ MOREDAVAO CITY – The Land Bank of the Philippines (LANDBANK) recently deployed its mobile branch in Brgy. Lacson in Calinan District and in Brgy. Tamugan in Marilog District to assist over 2,200 senior citizens to activate their LANDBANK cash cards and withdraw their cash aid under the Department of Social Welfare and Development’s (DSWD) Unconditional Cash Transfer (UCT) program. The LANDBANK mobile branch delivers banking services closer to customers to help them save time and transportation-related costs. The mobile branch is currently stationed in the Philippine National Police – Regional Training Center in Brgy. Mintal in Davao City, and will soon roll-out in the Municipality of Mabini in Davao de Oro to assist in the distribution of LANDBANK prepaid cards to Philippine Identification System (PhilSys) registrants.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (6th from left) welcomes the Filinvest Group of Companies (Filinvest) led by Filinvest Development Corporation’s (FDC) President and CEO Lourdes Josephine Gotianun-Yap (5th from left) at the LANDBANK Plaza in Manila. (L to R) Joining them from Filinvest Land, Inc. (FLI) are Manager Jayson Soriano; Senior Assistant Vice President Danilo Calilap; Executive Vice President and CFO Ana Venus Mejia; and President & Chief Strategy Officer Tristaneil Las Marias. Also representing LANDBANK are Senior Vice Presidents Ma. Celeste Burgos and Lucila Tesorero; Assistant Vice President Melissa Abundo; and Account Officer Grace Limboc. The Land Bank of the Philippines (LANDBANK) and the Filinvest Group of Companies (Filinvest) recently discussed various potential collaboration projects for the conglomerate’s business ventures in real estate, power and energy, hospitality and sugar production. LANDBANK President and CEO Cecilia Cayosa Borromeo and FDC President and CEO Lourdes Josephine Gotianun-Yap led the exploratory meeting at the LANDBANK Plaza, for funding FGC’s real estate businesses under the Filinvest Land Investment (FLI), among its 18 other corporations. Funding requirements were also discussed to support Filinvest’s water desalination project in Cebu and the expansion of its hotel operations. In 2021, LANDBANK granted a P2-billion loan to FLI—one of the leading real estate developers in the country—to partially finance expansion in its various real estate projects. Key FLI officers joined the meeting, including President and Chief Strategy Officer Tristaneil Las Marias; Executive Vice President Ana Venus A. Mejia; Senior Assistant Vice President Danilo Calilap; and Loan Manager Jayson Soriano. LANDBANK was also represented by Senior Vice Presidents Ma. Celeste A. Burgos and Lucila Tesorero; Assistant Vice President Melissa Abundo; and Account Officer Grace Limboc. LANDBANK is also providing Filinvest various digital banking services, including digital payment to suppliers through the LANDBANK weAccess, and online Modified Disbursement System (MDS) transactions through the LANDBANK electronic Modified Disbursement System (eMDS).
READ MOREThe Land Bank of the Philippines (LANDBANK) will soon accept applications for its new scholarship program and select scholars from the poorest 60 provinces in the country. Under the Iskolar ng LANDBANK Program, the Bank will select the scholars from nominations endorsed by the Bank’s partner-organizations composed of farmers and fishers. This new selection process was announced after the Bank received numerous queries from interested applicants following the program’s launch last February. “We want the Iskolar ng LANDBANK Program to create meaningful impact in the lives of deserving students who really need assistance the most. We are now reaching out to our partner cooperatives, associations, and organizations in the agri sector to nominate dependents from among their members,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The Iskolar ng LANDBANK Program is designed to assist deserving dependents of agrarian reform beneficiaries (ARBs) and small farmers and fisheries nationwide. From 2023 to 2028, LANDBANK will select sixty scholars each year, to be provided with P100,000 each per year to cover allowance and expenses for books, clothing, and other course requirements. Special cash incentives will also be awarded to scholars who will graduate with honors. Eligible applicants shall be the children or grandchildren of ARBs or small farmers and fishers who are graduating high school students, with a minimum average grade of 90% or belonging to the top 10% of their class. Applicants must also have a letter of endorsement from their senior high school principal; must not enjoy any other financial assistance, grant, or scholarship from other external sources; must pass the admission requirements of partner State Colleges and Universities (SUCs); and whose annual total family income must not exceed Php 300,000.00. Successful applicants have 12 eligible courses to choose from, namely horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, and agricultural, IT, industrial or management, civil, and mechanical engineering. Iskolar graduates will be also offered on-the job (OJT) training in LANDBANK Branches and Lending Centers, including the Bank’s partner agencies and institutions. The Iskolar ng LANDBANK Program carries the theme: “600@60: Developing Scholars and Nurturing Talents Towards Serving the Nation,” representing the Bank’s target 600 scholar graduates—which includes graduates from the Bank’s previous scholarship program—in celebration of LANDBANK’s 60th anniversary this year.
READ MORE(left photo) President Ferdinand R. Marcos, Jr. (2nd from left), with CSC Commissioner Aileen Lizada (leftmost), bestows the Presidential Lingkod Bayan Award to LANDBANK for its Digital Onboarding System (DOBS) in Malacañan Palace on 8 March 2023. Conferred with the award are LANDBANK Senior Vice Presidents Althon C. Ferolino (3rd from left) and Sylvia C. Lim (not in photo), Vice President Grace Ofelia Lovely V. Dayo (5th from left), Assistant Vice President Aurelia M. Lavilla (4th from left), and Division Chief Carla B. Mirabueno (6th from left). (right photo) Customer Associate Reymond D. Gonzales also receives the Dangal ng Bayan Award for his exemplary performance as a Roving Teller during the height of the COVID-19 pandemic. (Photos courtesy of the Civil Service Commission) President Ferdinand R. Marcos, Jr. conferred to the Land Bank of the Philippines (LANDBANK) two recognitions for its excellence, dedication and commitment to public service during the awarding ceremony in Malacañang Palace on 8 March 2023. The President led the awards rites of the Civil Service Commission’s (CSC) annual Honor Awards Program (HAP), which recognizes models of exceptional service and aims to motivate other public servants to enhance their performance and become more involved in public service. “I congratulate you, not only for your award, but I congratulate you for the service that you have given to the Filipino people. You have clearly demonstrated that a compassionate and genuine heart lies at the center of your efforts,” said President Marcos in addressing the awardees. LANDBANK won the Presidential Lingkod Bayan (PLB) award for its client-centered and multi-awarded digital platform, the Digital Onboarding System (DOBS), which has helped simplify the account enrolment process and reduced the account opening time of customers. As of 31 December 2022, the DOBS has facilitated the opening of 3.6 million accounts, including accounts opened for LANDBANK’s wholly-owned subsidiary, the Overseas Filipino Bank (OFBank), in servicing the continued rise in demand for responsive digital banking services. The PLB Award recognizes individuals or groups for exceptional or extraordinary contributions resulting from an idea or performance that had a nationwide impact on public interest, security, and patrimony. The LANDBANK DOBS Team is led by Senior Vice President Althon C. Ferolino, with members Senior Vice President Sylvia C. Lim, Vice President Grace Ofelia Lovely V. Dayo, Assistant Vice President Aurelia M. Lavilla, and Division Chief Carla B. Mirabueno. Meanwhile, Reymond D. Gonzales was honored with the Outstanding Public Officials and Employees Award or the Dangal ng Bayan (DNB) Award for his exemplary performance as a Customer Associate (Roving Teller) during the height of the COVID-19 pandemic. Amid mobility restrictions and health risks, Gonzales ensured that LANDBANK Branches had sufficient cash requirements to service customers in Zamboanga City and Zamboanga Sibugay, including the island provinces of Basilan, Sulu, and Tawi-Tawi. The DNB Award is conferred on an individual for the performance of extraordinary acts of public service and consistent demonstration of exemplary ethical behavior. “We are deeply honored to receive these awards, which recognize LANDBANK’s steadfast commitment to providing responsive services beyond banking to all our customers. We are inspired to further intensify our development efforts towards serving the nation,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The CSC Honor Awards are the highest recognition given by the National Government to individuals or groups who have shown excellence, dedication, and commitment to public service.
READ MOREPromo Mechanics: Q1 2023 - SM Store and Mastercard® Joint Promotion Get A Chance to Shop All Can Up to P200,000 1. The Promotion is open to all principal and supplementary cardholders of Mastercard credit, debit, and prepaid cards issued in the Philippines. 2. For a minimum spend of Php5,000 single-receipt transaction from SM Store paid using Philippine-issued credit, debit, or prepaid Mastercard gives the cardholder a chance to play and be one of the five instant winners of P200,000 or P1,000 SM Gift Pass. One game may be played per qualified transaction. 3. Promotion period is from January 13 to March 31, 2023. 4. Promotion is open to SM Store customers with transactions made in-store and via card-present personal shopper transactions (or personal shopper transactions done via EFT). 5. Promotion is only available in SM Store. Transactions made in other SM Retail Affiliates are not qualified to join the promo and win any prize. 6. There will be 5 winners of P200,000 worth of SM Gift Card and 5,000 winners of P1,000 SM Gift Pass nationwide. 7. Customer journey to play the game: a) Scan the QR Code at the cashier or go to the promo website URL to register (one-time only) with an email address or mobile number. Facebook or Google accounts can also be used for registration. b) After making a transaction, select the corresponding SM Store location (SM Store branch) then select the transaction type and input the corresponding code: ● Debit – invoice number ● Credit – approval code c) Upon successful submission, the game opens up for the customer to play. ● Customer plays by swiping a firework. If the chosen firework reveals a prize, customer wins either P200,000 SM Gift Card or P1,000 SM Gift Pass. No prize is won if the firework does not show a prize. d) The prizes that the Customer has won will be stored in the Prizes tab of the Promo Website. Customer can choose to redeem at any time within the redemption period. e) Customer can redeem the SM Gift Card/SM Gift Pass in-store by showing the Voucher Code at the SM Customer Service Counter. Customer will need to present the original charge slip for verification purpose. 6. Purchase of cell cards, phone cards, SM Gift Cards, SM Gift Pass, Concert Tickets, Returns, Bills Payment Products, and other products at the Customer Service Counter are not qualified for this promotion. 7. Splitting of transactions is prohibited and shall not be allowed for redemption. 8. Customer may only win one prize per game and one major prize during the entire duration of the promo. 9. To claim the prize, winner must present the following at the Customer Service Counter (BCO) of the SM Store where the transaction was made: ● Screenshot of the winning voucher code with transaction details ● Original charge slip (customer copy) of the SM Store transaction ● Mastercard used ● Valid ID 10. Customer Service must verify the original charge slip made at SM Store as well as the other redemption requirements. Prizes from erroneous or mismatched transaction details may be forfeited. 11. Redemption of prizes can be made until May 31, 2023. 12. Prize is non-convertible to cash. 13. SM Store and Mastercard reserve the right to disclose and publish names, photos, videos, and other information of the winners in any mode or manner as they deem appropriate. 14. Employees of SM Store, Mastercard, and its accredited advertising agencies and suppliers, and their family relatives up to 2nd degree of consanguinity or affinity are disqualified from participating in the promotion. Per DTI Fair Trade Permit No. FTEB- 158220 Series of 2022.
READ MORE(left photo) The LANDBANK-financed Baculud Overflow Bridge in Ilagan City, Isabela, allows for easier and safer transportation for residents and vehicles from the City’s northeastern barangays to its Centro Poblacion Barangay Cluster. (right photo) From having a small infirmary solely catering to the medical needs of Ilagueños, the Ilagan LGU also tapped LANDBANK to fund the construction of the City of Ilagan Medical Center (CIMC) building to widen healthcare access in the City. ILAGAN, Isabela – From being one of the poorest municipalities in Isabela over a decade ago, this first-class City now boasts of a vibrant and fast-growing economy driven by major infrastructure projects financed by the Land Bank of the Philippines (LANDBANK). Under the leadership of City Mayor Josemarie L. Diaz, the local government unit (LGU) of Ilagan and LANDBANK maintain a strong partnership geared towards the development of the City, with a total loan exposure amounting to P3.5 billion. “Talagang malaki ang naitulong ng LANDBANK sa amin. Halos lahat ng improvement sa Ilagan City ay dahil sa aming pakikipagtulungan sa LANDBANK,” said Mayor Diaz. In support of Ilagan’s development plan, LANDBANK financed the construction of four essential bridges in the City, including the Baculud Overflow Bridge in Brgy. Baculud and the Cabisera 8 Overflow Bridge in Brgy. Santa Maria. These two overflow bridges significantly increased the mobility of Ilagueños, who previously used boats and bamboo rafts to travel across rivers to reach other parts of the City. The bridges also improved the access of residents from remote barangays to basic and support services, such as to their local hospital and public market. LANDBANK likewise financed the concreting of road networks in Ilagan City to enhance the connectivity between its 91 barangays, which is already 90% completed as of end-January 2023. Built with street lamps and concrete drainage, the concrete road network has made transportation safer and more efficient even in remote areas, especially for farmers who previously struggled to transport their agricultural produce to the market. Facilities for healthcare, recreation, and public services LANDBANK also supports the LGU’s priority projects to provide better healthcare and public services. At the height of the COVID-19 pandemic in 2021, the LANDBANK-financed City of Ilagan Medical Center (CIMC) was opened to initially serve as an isolation facility for COVID patients. From having a small infirmary, the enhanced 100-bed CIMC now provides advanced medical services, such as endoscopy, radiology, and hemodialysis. The hospital has already received three International Standardization Organization (ISO) Certifications for Quality Management System, Environment Management System and Occupational Health and Management System. In 2007, LANDBANK approved a P65-million loan to fund the construction of Ilagan’s Municipal Hall – now a City Hall – in Brgy. San Vicente. For the safety and convenience of its constituents and local government employees, LANDBANK likewise financed the construction of the then Ilagan Municipal Hall (now a City Hall) and multi-purpose barangay halls in the City. Other projects of the LGU backed by the Bank include a sanitary landfill for sustainable waste disposal; a new public market that serves as a central hub for vendors; and daycare centers for children. The Ilagan LGU also partnered with the Bank to finance the construction of recreational facilities in the City, including the new Ilagan Sports Complex, a local mall and hotel, as well as a multi-purpose commercial building, all of which generate significant revenue for the LGU. The modern Ilagan Sports Complex funded by LANDBANK hosts national tournaments for various sports and houses a track and field oval certified by the International Association of Athletics Federations (IAAF). P900 million of the LGU’s total loan will finance lot acquisition in the barangays of Alibagu, Marana 1st and Lullutan for various development projects, including the construction of 94 housing units in Alibagu. The loan will also be utilized for the expansion of the Ilagan City Hotel and Convention Center, as well as the establishment of CIMC’s Contagious Disease Building. This will also fund the construction of a public market building in Brgy. Hacienda San Antonio and a bagsakan center with cold storage for agricultural products in Brgy. Marana 1st. “Simula nung kami ay isang municipality pa lamang, nagtiwala na ang LANDBANK sa amin. Kasama namin ang LANDBANK na lumaki at lumago, at ngayon, we can already provide complete and quality services for the welfare of our people. Kaya malaki ang aming pasasalamat sa LANDBANK,” Mayor Diaz added. With the help of LANDBANK, the LGU’s assets grew from P700 million in 2007 to P7 billion in 2022. LANDBANK remains the biggest development partner of LGUs, in fulfilment of the Bank’s mandate to spur countryside development in stride with nation-building. As of end-2022, the Bank’s outstanding loans to LGUs nationwide have reached P91.5 billion in support of local development projects, which include agri-related infrastructure, hospitals, schools, and utilities.
READ MOREHave you received a text message asking you to click on a link to claim a prize or reward money? Beware! That could be a SMiShing scam, a way for fraudsters to get your bank account or e-wallet information! Awareness and information is key. Avoid falling victim to this kind of phishing scam by watching this short video: Facebook: https://fb.watch/jrvAl0bl9Q/ YouTube: https://youtu.be/TYEuc9WlVTs ⚠ Report any suspicious activities or transactions through our Customer Care Hotline: ☎ Call: (02) 8-405-7000 or 1-800-10-405-7000 (PLDT Domestic Toll-Free Number) ? Email: reportphishing@landbank.com #ServingTheNation #BankingOnTheFilipinoSpirit #CheckProtectReport #SMiShing
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 |
