The Land Bank of the Philippines (LANDBANK) has countered the claim that it has ‘failed in its mandate’ with a report on its outstanding loans to the agriculture sector reaching P271.8 billion as of March 2023. It represents 14.8% year-on-year growth, with P42.3 billion of the loans directly benefitting small farmers and fishers nationwide. LANDBANK has remained faithful to its social mandate of promoting inclusive and sustainable development, primarily by being the biggest credit provider to the agriculture sector reaching all components of the agriculture value chain. The Bank’s total agri loan portfolio has sustained its upward trajectory with an average growth rate of 10.4% from 2012 to 2022, even as the agriculture sector grew sideways by an average of 0.64% in the same period. As the financial intermediary of the Comprehensive Agrarian Reform Program (CARP), LANDBANK has inspected and valued 1.6 million hectares of private agricultural lands distributed by the Department of Agrarian Reform (DAR) to 958,623 Agrarian Reform Beneficiaries (ARBs), with 90,995 landowners compensated amounting to P81.7 billion. The Bank has also extended P2.7 billion in loans to 2,356 individual ARBs and 469 ARB cooperatives and farmers’ associations nationwide. Financial leader and digital enabler Led by solid governance and leadership, the Bank continues to build its strong financial muscle to support other key development sectors. LANDBANK recorded a net income of P10.8 billion in the first quarter of the year, buoyed by higher revenues and lower operating costs. The Bank’s assets and capital both expanded year-on-year, while financial ratios likewise remain at healthy levels. As the country’s largest GOCC, LANDBANK has the financial capacity and resources, and experience to support the National Government’s development agenda. It is also supportive of strategic measures to promote greater operational efficiency, cost savings and stronger fiscal position to service the country’s development needs. Meanwhile, LANDBANK is the only State-run Bank that has continued to ramp-up its digitalization drive geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers, with a 30% growth in value of transactions amounting to P735.95 billion for its major digital banking platforms in the first quarter of 2023 alone. LANDBANK likewise supports public and private partners to adopt digital payments for disbursements and collections. The Bank has onboarded 890 government merchants and 346 private entities in the LANDBANK Link.BizPortal payment platform as of 31 March 2023. LANDBANK is also the only government entity that offers an online ordering platform for bond issuances of the government, most recently the Retail Treasury Bonds Tranche 29 (RTB-29) of the Bureau of the Treasury (BTr). Development partner of LGUs and NGAs The Bank has maintained its dominance as the biggest development partner of the Local Government Units (LGU) sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. As of 31 March 2023, LANDBANK’s outstanding loans to LGUs nationwide have reached P94.5 billion. Majority of National Government Agencies (NGAs) and other government-owned and controlled corporation (GOCCs) also have LANDBANK as their major depository bank, which also services their collection and disbursement requirements through the On-line National Collection System. The Bank also facilitates the collection of taxes for the Bureau of Internal Revenue (BIR) and collection of tariffs and duties for the Bureau of Customs (BOC), while servicing the payroll and grants of public partners and pensioners, respectively. Extensive network LANDBANK is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. Bank touchpoints are composed of 607 branches and branch-lite units, 58 lending centers, 2,906 ATMs, 224 CDMs, and 1,751 Agent Banking Partners POS cash-out terminals. Clients may also access 2,391 PAPI ATMs located in 7-Eleven stores nationwide. Distribution arm of social protection programs LANDBANK serves as the main distribution arm of the National Government’s social protection programs, which include the delivery of cash grant to the 9.9 million beneficiaries of the country’s Conditional and Unconditional Cash Transfer programs. The Bank has also provided assistance to various sectors of the economy affected by the COVID-19 pandemic, delivering social amelioration support to displaced workers, small businesses, Overseas Filipino Workers (OFWs), and PUV drivers and operators. Through the years, LANDBANK has taken a more prominent role at the forefront of nation-building: from providing reliable banking services and financial interventions, to accelerating financial inclusion, supporting vulnerable sectors, revitalizing local economies, and pursuing initiatives in support of the National Government’s inclusive development agenda.
READ MORENakikiisa ang Land Bank of the Philippines (LANDBANK) sa pagdiriwang ng Buwan ng Magsasaka at Mangingisda ngayong Mayo 2023 sa pagkilala sa tibay at dedikasyon ng ating mga magsasaka at mangingisda. Alinsunod sa temang “Masaganang Agrikultura, Maunlad na ekonomiya”, katuwang ng Department of Agriculture (DA) ang Land Bank of the Philippines (LANDBANK) sa pagsulong ng mga produkto at serbisyo na may layuning suportahan at palakasin ang sektor ng agrikultura.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (center) receives the Outstanding CEO Award 2023 from ADFIAP Chairman Mominul Islam (right) and Royal Government of Cambodia delegate and ARDB Bank CEO Dr. Kao Thach (left) at the ADFIAP Development Awards in Almaty, Kazakhstan. Land Bank of the Philippines (LANDBANK) President and CEO Cecilia Cayosa Borromeo was hailed as ‘Outstanding CEO for 2023’ during the annual Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards on 16 May 2023 held in Almaty, Kazakhstan. The “Outstanding CEO Award 2023” is granted by ADFIAP to a practicing Chief Executive Officer whose exceptional leadership, vision, and achievements have made a significant impact on his or her institution, the development banking profession, and the country’s development. The award recognizes Borromeo’s accomplishments in steering the Bank’s transformation as a development-oriented institution at the forefront of nation-building. “I am deeply honored and humbled by this recognition from peers in development finance. This accolade extends to the men and women of LANDBANK who are passionate in service, committed to the pursuit of excellence, and inspired to make a positive difference,” said President Borromeo. President Borromeo led LANDBANK’s intensified support to agriculture, by almost quadrupling the number of small farmers and fishers assisted from 889,669 in June 2019 to 3.5 million by the end of 2022, exceeding its commitment to reach 3 million small farmers and fishers by 2022. The Bank’s agri loans also grew to P261.7 billion—the highest in the industry—which supported all components of the agriculture value chain. Under her leadership, LANDBANK became a key player in advancing the National Government’s financial inclusion agenda, by onboarding a total of 8.35 million previously unbanked Filipinos who are registrants in the National ID program. President Borromeo likewise pushed for the continued expansion of LANDBANK’s reach, especially in unserved and underserved areas. LANDBANK is the only bank present in all 82 provinces of the country, with touchpoints in 80% of the 1,634 cities and municipalities nationwide. It was also during her term that LANDBANK ramped up its digitalization drive towards providing digital solutions to meet the growing needs of customers, posting year-on-year growths of 14% amounting to 155.8 million transactions and 126% for P5.6 trillion in value, respectively, in 2022. LANDBANK breached the P3-trillion mark in total assets and P30-billion in net income in 2022, posting an asset growth of 21.5% to P3.1 trillion and a jump of 38.2% in net income to P30.1 billion, respectively. President Borromeo’s term also saw the establishment of LANDBANK’s subsidiary, the Overseas Filipino Bank (OFBank), as a digital bank and the first branchless bank in the Philippines catering especially to Overseas Filipino Workers and Overseas Filipinos. Other ADFIAP Awards At the awarding ceremony, LANDBANK also bagged an Environmental Development award for its Clean Development Mechanism (CDM) on Animal Waste Management project, which promotes biodigester technology as a pollution control system for piggery farm operations. Piggery farm operations normally generate methane gas, which is a greenhouse gas (GHG). Through this technology, methane gas is captured, converted into energy resource to be utilized for farm operations, enabling reduction of GHG and its harmful effects. The Bank also received a Merit Award on Financial Inclusion for offering Online Deposit Account Opening and Purchase of Retail Treasury Bonds, which allows clients to open an account and purchase Retail Treasury Bonds (RTB) offered by the Bureau of the National Treasury (BTr). LANDBANK is the only government entity that offers an online ordering platform for bond issuances of the National Government. ADFIAP serves as the focal point of all development banks and other financial institutions engaged in development financing across the Asia-Pacific region, with the mission to advance sustainable development through its members. The annual ADFIAP Awards recognizes member-institutions that have made important contributions to national development.
READ MORELynette V. Ortiz (right) takes her oath as the 11th President and CEO of LANDBANK before Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (left) on 24 May 2023 at the DOF Building in Manila. May 24, 2023 – Seasoned banker Lynette V. Ortiz was sworn in today as the new President and Chief Executive Officer of the Land Bank of the Philippines (LANDBANK) following her recent appointment by President Ferdinand R. Marcos, Jr. She brings with her over 30 years of extensive experience in local and international banking. Ortiz formally took her oath as the 11th President and CEO of LANDBANK before Finance Secretary and LANDBANK Chairman Benjamin E. Diokno at the DOF Building in Manila. She succeeds Cecilia Cayosa Borromeo who held the post for four years. Prior to her appointment in LANDBANK, Ortiz served as the first Filipino CEO of the Standard Chartered Bank (SCB) Philippines, a post she held since October 2016. She led strategies to grow the local franchise across the various client segments and deliver sustainable financial performance. She also held various senior posts in risk management, treasury, corporate finance and capital markets in foreign and local institutions. “I recognize the highly important role of LANDBANK in nation-building, and I am keen to contribute and infuse ideas and innovations that will further fortify the Bank in fulfilling its social mandate. I hope to bring in a fresh perspective drawn from my experience working in global organizations,” Ortiz said. Ortiz has spearheaded several landmark transactions in both domestic and international capital markets for Philippine and ASEAN issuers. She serves as First Vice President in the Board of the Bankers Association of the Philippines (BAP), and is also a member of the BAP Executive Committee. She vowed to build on the gains of LANDBANK in supporting agriculture and other key industries, expanding financial inclusion, delivering assistance to marginalized and vulnerable sectors, and supporting other players in advancing inclusive development agenda. “With the support of the entire LANDBANK team, we will work to make our operations more dynamic and responsive to address the changing needs of our highly diverse customers and stakeholders, while remaining viable and competitive,” according to Ortiz. A strong advocate for diversity and inclusion, Ortiz was named UN Women 2021 Philippine Women’s Empowerment Principles Awards Champion for Leadership Commitment recognizing her role in setting strong corporate commitments and inclusive leadership.
READ MOREThe LANDBANK Link.BizPortal provides traffic violators with a safe and convenient option to settle traffic violations under the Metro Manila’s Single Ticketing System anytime and anywhere. Traffic violators under the recently implemented Single Ticketing System in Metro Manila may conveniently settle their fines and charges online, through an alternative online payment facility powered by the Land Bank of the Philippines (LANDBANK). The LANDBANK Link.BizPortal has been integrated into the Single Ticketing System webpage of the apprehending local government units (LGUs), for an easier and more accessible online payment system. Motorists can settle traffic fines and charges through the Link.BizPortal using their LANDBANK and Overseas Filipino Bank (OFBank) accounts, as well as virtual accounts opened via LANDBANKPay—the state-run Bank’s all-in-one electronic wallet and payment solution. Accounts with BancNet or PayGate participating banks and other e-wallets can also be utilized when transacting through the LANDBANK Link.BizPortal. The cash payment option is likewise available through cash and partner agents, including LANDBANK Agent Banking Partners (ABPs). The Link.BizPortal eliminates the need to go to the offices of the Metropolitan Manila Development Authority (MMDA) and apprehending LGUs for over-the-counter transactions, providing motorists with a safe and convenient option to settle traffic violations anytime and anywhere. Prior to the pilot implementation of the Single Ticketing System in Metro Manila, LANDBANK has been facilitating the online collection of MMDA payments, fees and charges through the Link.BizPortal since June 2021. As of 30 April 2023, the LANDBANK Link.BizPortal has recorded over 160 transactions amounting to P109,734 for the settlement of traffic violations and anti-littering penalties for MMDA. The pilot implementation of the Single Ticketing System covering the cities of Caloocan, Manila Muntinlupa, Parañaque, San Juan, Valenzuela, and Quezon City started on 02 May 2023. The new system seeks to harmonize existing laws on traffic enforcement and management in Metro Manila, including standardizing the fines and penalties for common traffic violations and providing interconnectivity among government instrumentalities involved in transport and traffic management. The MMDA is among the more than 1,230 government and private partner merchants in the LANDBANK Link.BizPortal, which allows customers to conveniently pay for products and services online. The Portal also promotes transparency and efficiency by reducing opportunities for red-tape, corruption and other fraudulent practices. LANDBANK supports the digitalization of the country’s payment systems and services towards building a cashless and inclusive society being promoted by the Bangko Sentral ng Pilipinas (BSP).
READ MOREAllen Mayor Jose Arturo D. Suan (center) with LANDBANK Samar Lending Center Head Virgilio D. Cabacang (right) and Account Officer Ricardo P. Palacio III (left) lead the ceremonial signing of a P160-million loan agreement to fund the Municipality of Allen’s development projects. ALLEN, Samar – The Land Bank of the Philippines (LANDBANK) signed a P160-million loan agreement with the local government of this municipality, in line with continuing efforts to support countryside development. The funding will be used to fast-track the town’s various development projects, which include the construction of an improved water system and public market, aimed at delivering essential public services while helping to reduce environmental degradation. “LANDBANK carries on its commitment of servicing the requirements of our LGU partners in support of their local development agenda. With these projects of Allen LGU, their constituents will be benefitted with basic but essential services including an improved water system and a public market,” said LANDBANK President and CEO Lynette V. Ortiz. The LANDBANK loan was officially inked by Allen Mayor Jose Arturo D. Suan and LANDBANK Samar Lending Center Department Manager Virgilio D. Cabacang, alongside Account Officer Ricardo P. Palacio III on 9 May 2023. “I appreciate LANDBANK’s continued support to the development of our municipality. Our people are ecstatic to witness the growth that these projects will bring to Allen,” said Mayor Suan. Bulk of the loan amounting to P75 million will fund the construction of a water system level 3, which will provide safe drinking water to at least 1,603 households and mitigate infection from water borne diseases. To drive the local economy, P40 million will be used for the construction of the public market extension and development of Rizal Street as hubs for local businesses and vendors to promote local food and generate employment opportunities. A total of P20 million will be allotted to construct a 400-meter drainage system to mitigate constant flooding in barangays Kinabranan 1 and 2, and Sabang 1 and 2. The loan will also help finance the development of the public cemetery worth P10 million, that will address current over-crowding in the municipality’s existing cemetery. Lastly, the local government of Allen allotted P15 million for lot acquisition for a new local university campus that will offer more college courses and increase the number of students it can accommodate. LANDBANK has backed the development of the Municipality of Allen since 2006, financing projects such as the construction of a transport terminal and water system facility. The Bank has maintained its dominance as the biggest development partner of the LGU sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. As of 31 March 2023, LANDBANK’s outstanding loans to LGUs nationwide have reached P94.5 billion.
READ MOREConsistent with Proclamation No. 527 series of 2018, we uphold the crucial role of Data Protection Officers (DPOs) in safeguarding personal information and upholding the data privacy rights of Filipinos, ensuring our commitment to privacy and responsible data use.
READ MOREIn its continued support of the sugar industry, the Land Bank of the Philippines (LANDBANK) has extended a total of P1.55 billion in outstanding loans to the sugarcane sector as of April 2023. Of the total disbursements, a cumulative release of P700.45 million in loans have benefitted a total of 4,366 individuals under the Socialized Credit Program-Sugarcane Industry Development Act (SCP-SIDA). In partnership with the Sugar Regulatory Administration (SRA), the SCP-SIDA has provided support to 2,577 borrowers, composed of 2,567 individual small farmers, four cooperatives, five associations and one Micro, Small, and Medium Enterprise from 16 different provinces nationwide. "LANDBANK is committed to driving growth in all industries of the agricultural sector. This includes pushing for sustainability and increasing the production and income of sugarcane farmers and workers," said LANDBANK President and CEO Lynette V. Ortiz. The SCP-SIDA aims to optimize the productivity of sugarcane farms by promoting advanced and cost-efficient farming practices, enabling farmers to invest in modern farming techniques, procure high-quality inputs, and acquire necessary equipment for higher yields and improved crop quality. Rodolfo Medina, Chairman of the Dampe Palay and Sugarcane Producers Cooperative in Pampanga, attests to the positive impact of the SCP-SIDA program on their cooperative. "Thanks to SCP-SIDA, our cooperative has experienced remarkable growth, and our members' livelihoods have significantly improved. We are immensely grateful to LANDBANK and SRA for their unwavering support and commitment to the sugarcane industry," said Mr. Medina. Through the financial support under SCP-SIDA with a low interest rate of 2% per annum, the cooperative was able to procure a tractor, combine harvester, and a ten-wheeler truck to enhance their harvesting and production processes. LANDBANK and SRA remain steadfast in their collective commitment to supporting sugarcane farmers address the emerging challenges and capitalize on new opportunities in the industry.
READ MORELANDBANK has assisted the MHD Water Bottling Station to expand its operations and improve the supply of clean drinking water in the Province of Isabela. The home-grown business now produces around 5,000 bottles of alkaline water per day which are sold and delivered to sari-sari stores, schools, and offices, among other establishments. (Photos courtesy of MHD Water Bottling Station) QUIRINO, Isabela – While many far-flung areas in the country still lack access to clean drinking water, a local water refilling and bottling station is helping close this gap by supplying potable water in Isabela. MHD Water Bottling Station was established in 2008 when Spouses Eddie and Marites Dalit discovered a deep well on their 3-hectare agricultural property. Water sourced from the well passed the regulatory standards for alkaline drinking water safe for human consumption. Spouses Dalit saw this as a business opportunity to supplement their income, but more importantly, to expand access to clean and safe drinking water in their town. “Bukod sa dagdag na income para sa aming pamilya, gusto rin naming ibahagi ang blessing na ito sa aming kapwa,” said Marites. In 2009, Eddie and Marites expanded their business by operating their own alkaline water refilling station, bringing potable water closer to the residents of the 4th class municipality of Quirino and nearby towns. Following its success, they decided to further expand into water bottling to accommodate more customers in the region. To finance their business expansion, Spouses Dalit sought the assistance of the Land Bank of the Philippines (LANDBANK), which has been providing credit assistance to support their palay and corn trading business for over 20 years. “Matagal na kaming LANDBANK client at masasabi ko na talagang maaasahan ang kanilang serbisyo,” said Marites. LANDBANK approved a P4.5-million loan to partially finance the acquisition of alkaline water production and processing equipment, including the purchase of an automatic bottle rinsing, filling, capping, and labelling machine. Through a P4.5-million loan from LANDBANK, Eddie and Marites were able to purchase the necessary equipment to expand their business into an alkaline water bottling station. The equipment includes an automatic bottle rinsing, filling, capping, and labelling machine which can produce about 5,000 bottles of alkaline water per day. With their business expansion, Eddie and Marites made their alkaline water more accessible to remote communities, since bottled water is easier to transport and distribute around the Province. The MHD Water Bottling Station is able to produce around 5,000 bottles of alkaline water per day, which are delivered to 10 schools in Isabela, as well as government and private offices, and sold to walk-in customers in their station in Brgy. Santo Domingo. Through their distributors, they are also able to supply drinking water to nine other towns and cities in Isabela and Cagayan, including Gamu, Delfin Albano, Tumauini, and Naguilian, among others. “Napakalaki ng naitulong ng LANDBANK sa amin. Salamat sa kanila at napalago namin ang aming negosyo,” said Marites. LANDBANK continues to provide accessible credit support to micro, small and medium enterprises (MSMEs), as part of its commitment to assist key economic sectors towards building stronger and more inclusive local communities. As of end-April 2023, LANDBANK has extended P50.1 billion in outstanding loans to over 6,000 MSMEs nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) welcomes the latest report of global credit ratings agency Fitch Ratings, Inc., which upgraded its outlook on the Bank to “stable,” alongside improved confidence in the country’s return to strong medium-term growth following the Covid-19 pandemic. The report published on 30 May 2023, which also affirmed the Bank’s Long-Term Issuer Default Ratings (IDRs) at 'BBB' and Government Support Rating (GSR) at 'bbb', considered LANDBANK’s “strategic and growing policy roles, 100% state ownership as well as its systemic importance as the largest state-owned bank in the country, with market share of about 14% of system assets.” The ratings agency likewise gave consideration to the “state’s improving ability to support the bank, in times of need, as reflected in the revision of the sovereign rating Outlook to stable,” which was detailed in a separate report the agency published on 22 May 2023. “The improved outlook from Fitch is a welcome vote of confidence for the Bank’s robust financial stability and resilience to withstand external and domestic economic headwinds. With solid state backing, we will intensify our support to the country’s priority programs and initiatives, towards expediting our complete resurgence from the global pandemic,” said LANDBANK President and CEO Lynette V. Ortiz. Led by solid governance and leadership, the Bank has continued to build its strong financial muscle to support key development sectors. It ranks second in the industry in terms of assets at P3.1 trillion and deposits at P2.8 trillion as of the first quarter of 2023, with financial ratios maintained at healthy levels. It recorded net income of P10.8 billion in the same period. The Bank’s capital likewise expanded year-on-year by 3.2% to P225.3 billion, as the Bank expressed confidence that it will reach its projected growth targets by yearend. LANDBANK is the only State-run Bank that has continued to ramp-up its digitalization drive geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers, with a 30% growth in value of transactions amounting to P735.95 billion for its major digital banking platforms in the first quarter of 2023 alone. The Bank has maintained its dominance as the biggest development partner of the Local Government Units (LGU) sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. It is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. LANDBANK remains as the country’s biggest Government-Owned and Controlled Corporation (GOCC) and the largest credit provider to the agriculture sector, among other key economic sectors, with the financial capacity and resources to fully support the National Government’s sustainable and inclusive development agenda.
READ MOREAs of Fri, April 25, 2025
Buying | Selling | |
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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 |
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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 |