There is a scheduled Apple iOS version update of the LANDBANK Mobile Banking App (MBA) that may affect its availability tonight, 02 May 2024 at 8:00 PM (PHT) until tomorrow, 03 May 2024 at 12:00 NN (PHT). Meanwhile, Over-the-Counter (OTC) transactions during banking hours, LANDBANK iAccess facility through our website, ATMs, POS, and other digital banking channels are available for your immediate banking needs. Thank you.
READ MOREWith support from LANDBANK, brothers Alex and Raymond Abelido were able to establish Tierra del Sur Farms, Inc., in San Agustin, Romblon, which is currently the largest commercial poultry farm in the province supplying around 54,000 fresh farm white eggs daily. SAN AGUSTIN, Romblon – With its local small-scale poultry farms having limited egg production capacity, this Province mainly relies on imported chicken eggs to fully sustain the daily requirements of consumers, restaurants and other local businesses. Bulk of Romblon’s egg supply are shipped from other areas in the country, making its supply vulnerable to transportation disruptions caused by adverse weather conditions and other unexpected delays. These constraints were in full display during the previous imposition of lockdown measures and travel restrictions at the height of the COVID-19 pandemic. Local businessmen and brothers Alex and Raymond Abelido saw this demand-supply gap as an opportunity to establish Tierra del Sur Farms, Inc., a commercial poultry farm to help strengthen local egg production and cut down egg imports. “Growing Romblon’s poultry production is part of our vision to build a more sustainable food system in Romblon. This is our contribution towards ensuring food security in the province,” said Tierra del Sur Farms President and CEO Alex Abelido. Branching out from their existing construction business, the Abelido brothers faced the challenge of venturing into agriculture and building the largest poultry farm in the province to-date. In 2023, the Land Bank of the Philippines (LANDBANK) extended credit assistance amounting to P160 million to re-finance the construction of facilities in their 17-hectare farm in Romblon. The LANDBANK loan helped put up necessary facilities such as four poultry buildings, as well as feeds and tools warehouses, workers' quarters and an organic fertilizer plant. Part of the loan also supported the acquisition of ready-to-lay chickens and covered the purchase of chicken feeds, among other operational expenses. Not long after having 25,000 laying hens at the beginning of their operations, Tierra del Sur Farms, Inc. now has around 60,000 laying hens in their Romblon farm producing about 54,000 eggs daily. These eggs are distributed to the different island municipalities of the province, including Tablas Island. Locals are now able to buy eggs at a much cheaper price, with each piece sold at a farm gate price of P7.00 compared to imports that cost around P10.00 per piece. Having locally produced eggs likewise ensures quality and availability in the province, as compared to imported eggs which could take days to reach the province. Tierra del Sur Farms, Inc. is able to produce over 250,000 eggs daily, distributed in the islands of Romblon and other parts of the country, including Batangas, Rizal, and Manila. With the success of their Romblon poultry farm, Tierra del Sur Farms, Inc. likewise sought the assistance of LANDBANK in expanding their operations to Calatagan, Batangas. They availed a P430-million loan to finance the construction of poultry buildings and support facilities such as an organic fertilizer plant, sewage treatment plant, and warehouses. The Batangas poultry farm houses around 250,000 laying hens in seven fully automated and mechanized poultry buildings. It produces about 200,000 eggs daily, shipped to various trade partners in Batangas, Rizal, and Manila. “We would like to thank LANDBANK for its support as we achieve our goals of empowering local communities and ensuring food security. We look forward to their continued support as we plan to expand the reach of our operations even further to neighboring provinces,” said Raymond Abelido, Tierra del Sur Farms, Inc. Corporate Treasurer and manager. As of end-March 2024, LANDBANK’s outstanding loans to the poultry sector has reached P15.5 billion to finance the production of chicken and duck eggs, breeding of poultry, and sale of poultry meat and products, among other projects. Building a sustainable circular economy As part of Tierra del Sur Farms, Inc.’s advocacy to operate with minimal ecological footprint, the farm prides itself on employing sustainable methods for waste management to reduce environmental impact and protect natural resources. Through a sewage treatment plant also financed by LANDBANK, the farm recycles wastewater as drinking water for their chickens, thereby reducing costs and preventing water pollution. LANDBANK’s assistance likewise enabled the farm to construct an organic fertilizer plant to produce their own fertilizer from chicken manure. These fertilizers are sold to local farmers to help improve soil quality and agricultural production. Tierra del Sur Farms, Inc. was also recently recognized for the good quality of their fertilizer and tapped by the Philippine Coconut Authority (PCA) through a joint venture to supply organic fertilizer to coconut farmers nationwide. Their new collaboration aims to boost coconut production while promoting proper poultry waste management, as the Abelido brothers work towards making their business more sustainable and self-sustaining. ABOUT LANDBANK LANDBANK currently operates a total of two Branches in the Province of Romblon, complemented by seven ATMs and one cash deposit machine, to facilitate accessible, convenient, and secure banking services. LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside.
READ MOREThe Land Bank of the Philippines (LANDBANK) has remitted P32.119 billion in cash dividends to the National Government—the highest in the state-run Bank’s history—to support the country’s infrastructure projects and socio-economic programs. The record-setting contribution, the highest amount remitted among all Government Owned and Controlled Corporations (GOCCs), highlights LANDBANK’s robust financial position after posting an all-time high net income of P40.3 billion in 2023 and year-end capital of P266.8 billion. LANDBANK officially remitted the P32.119 billion cash dividends to the National Treasury on 30 April 2024, which was recognized during the GOCCs’ Day ceremonial dividends turnover event on 06 May 2024 at the Philippine International Convention Center (PICC) in Pasay City, led by President Ferdinand R. Marcos Jr. together with Finance Secretary and LANDBANK Chairman Ralph G. Recto, and other officials. “The solid performance of LANDBANK in 2023 yielded a record-breaking dividend contribution, which will significantly support our people’s growing needs and further stimulate the country's economic growth. This unprecedented amount demonstrates the fiscal discipline that we have instilled in LANDBANK. Credit must be given to LANDBANK’s management team led by PCEO Lynette Ortiz and staff for their hard work and commitment to the nation,” said Finance Secretary and LANDBANK Chairman Recto. “LANDBANK’s unprecedented contribution to the government’s coffers underscores our unwavering commitment to nation-building. We look forward to further advancing the country’s growth trajectory by providing ample funding for priority infrastructure projects and socioeconomic programs,” said LANDBANK President and CEO Lynette V. Ortiz. President and CEO Ortiz added that the Bank will remain aggressive in serving the growth requirements of the agriculture sector and other key industries, to complement the National Government’s inclusive and sustainable development agenda. Strong profit growth in Q1 2024 LANDBANK has started the year strong after earning P12 billion in the first three months on the back of increased interest income from loans. The state-run Bank’s net income for the first quarter jumped 11% from P10.8 billion year-on-year, exceeding its P11.3 billion target for the period by 6%. LANDBANK’s total assets expanded by 5% to P3.3 trillion, driven by robust expansion in loans. The Bank’s deposit base likewise improved by 4% to P2.9 trillion due to increases in government and private deposits. The Bank’s gross loan portfolio reached P1.5 trillion, marking a 25% increase due to the growth in treasury and commercial loans, primarily channeled towards agribusiness, energy, affordable mass housing, and infrastructure projects. Earlier, the Bank garnered the highest rating for corporate governance among all GOCCs in 2022, with a scorecard of 102.5 from the Governance Commission of GOCCs (GCG), showcasing LANDBANK’s strong corporate governance culture anchored on integrity, transparency, and accountability. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
READ MORELANDBANK x foodpanda (Promo Period: April 15 to July 15, 2024) Offers: • Discount via Voucher Code: LANDBANK • Discount: 20% off, capped at Php 150.00 • Minimum single-receipt spend per transaction: Php 500. Minimum spend is based on gross food order value which is defined as the user’s total food order value before any discount and shipping is applied. • Maximum discount per transaction: Php 150.00 • Valid from April 15 to July 15, 2024 only • Each code can be used by a user on foodpanda up to three (3) times per foodpanda user ID from April 15 to July 15, 2024 ________________________________________ How to Avail To avail of the discount, Cardholders must download the foodpanda mobile app on the App Store or Google Play and proceed with the following steps: • Sign up or Log in. • Input the delivery location. • Choose from the available restaurants/shops under Delivery and Pick-up in the area. • Place order worth at least the minimum spend requirement for each voucher code. • Tap “Apply a voucher” • Enter applicable Voucher Code or select the applicable seeded voucher. • Pay using a qualified card. Discount is applied to the total purchase upon checkout. ________________________________________ Other Terms & Conditions • Partner is not an agent of any of the participating merchants or outlets and makes no representation as to the quality of goods and services provided. All feedback regarding the quality of goods and services provided should be directed to the respective merchant or outlet. • The Offer cannot be exchanged for other items or discounts and cannot be used in conjunction with other promotional offers by the partner merchant that requires a voucher/promo code. • The offer is not convertible to cash or credit. It may not be exchanged with any other product. • In case of dispute in respect of the Partner only and the clients' availment of the Promo, the decision of the Partner with the concurrence of DTI shall be considered final. However, if dispute involves the Foodpanda and its performance and/or delivery of services to customers, subject to the Terms and Conditions set out below, the decision of Foodpanda with the concurrence of DTI shall be considered final • Vouchers, discounts and promos and the use of the foodpanda platform shall likewise be governed by the foodpanda Terms of Use. ________________________________________ Customer Support (foodpanda): Any issue on the actual purchase should be directed and will be resolved by foodpanda. For promo-related concerns and inquiries, cardholders may reach out to foodpanda’s customer support at support@foodpanda.ph or via the live chat on the foodpanda app. Customer Support (LANDBANK): LANDBANK can be reached through the following facilities/channels on your concerns and complaints regarding your accounts: 1. LBP Website via www.landbank.com; 2. 24/7 LBP Customer Service; and 3. LBP Branches
READ MORELand Bank of the Philippines (LANDBANK) continues to strengthen its commitment to Overseas Filipino Workers (OFWs) seeking to permanently return home and achieve financial security through its Overseas Filipino Workers Reintegration Program (OFW-RP). Jointly implemented with the Overseas Workers Welfare Administration (OWWA), the Program aims to enable OFWs to pursue business opportunities in the Philippines as an alternative to overseas employment. As of March 2024, LANDBANK has approved a total of P2.68 billion in loans to 1,504 borrowers. “We recognize the significant contributions of our OFWs to the economy, and through this Program, we are providing them access to affordable financing and essential support services. We hope to turn their hard-earned savings abroad into thriving businesses here in the Philippines for their families and beneficiaries,” said LANDBANK President and CEO Lynette V. Ortiz. Under the OFW-RP, eligible OFWs may avail of loans for working capital or acquisition of fixed assets at a minimum amount of P100,000 and up to P2 million for a single proprietor borrower, and P5 million for a group of OFW borrowers, with a fixed interest rate of 7.5% per annum. The short-term loans under the Program are payable up to one (1) year, while the tenor for term loans shall be based on cash flow but not to exceed seven (7) years, inclusive of a maximum of two (2) years grace period on the principal. The OFW-RP offers funding for a wide range of viable business ventures, including franchises, agricultural and non-agricultural production and marketing endeavors, construction projects, rental services, trading businesses, and transportation services, among others. Aside from providing access to credit, LANDBANK has also been supporting OFWs by facilitating the efficient delivery of financial support under the social amelioration programs of the Department of Labor and Employment (DOLE). For inquiries and application assistance, interested OFWs may visit the nearest LANDBANK branch or Lending Center, or call our toll-free hotline at 1-800-1-LANDBANK (1-800-1-5263226). ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
READ MORELand Bank of the Philippines (LANDBANK) wins in the ‘Medium-Term Bond Fund - Peso’ category at the 2024 Best Managed Fund of the Year Awards of the Chartered Financial Analyst (CFA) Society Philippines on 24 April 2024 in Makati City. CFA Society’s President and Chairman Robert Ramos (rightmost) and the association’s former President Felixberto Bustos (leftmost) present the award to LANDBANK First Vice President Lolita M. Almazar (center), Assistant Vice President Eduardo G. Velasco (2nd from the left) and Trust Management Officer Nilo P. Ondevilla (4th from left). CFA Society Philippines’ award program recognizes professionally-managed funds that have delivered the best performance metrics in their respective categories. LANDBANK’s Medium-Term Bond Fund was recognized as one of the 13 best managed funds among 136 qualified funds that competed in this year’s awards. #
READ MORELANDBANK President and CEO Lynette V. Ortiz (4th from left) and Traxion Founder and CEO Ann J. Cuisia (5th from left) lead the signing of a Memorandum of Agreement (MOA) to formalize a partnership for QR code card enablement and technology solution on 09 May 2024 at the LANDBANK Plaza in Manila. Joining them from LANDBANK are Executive Vice Presidents Leila C. Martin (3rd from left) and Alan V. Bornas (2nd from left), and Senior Vice President Catherine Rowena B. Villanueva (leftmost), alongside Traxion Chief Operations Officer Joshua Allen C. Santos (6th from left), and Business Development Head Oliver Liggayu (rightmost). Land Bank of the Philippines (LANDBANK) will soon use cards with quick response (QR) code functionality to facilitate more convenient and secure cash aid disbursement to beneficiaries of the National Government’s social amelioration programs. The LANDBANK cards with QR code will provide beneficiaries an alternative method to immediately receive and access their funds, ensuring timely assistance from government agencies especially during emergencies and other special subsidy payouts. LANDBANK has teamed up with Traxion Pay to facilitate the innovative payment option, through the signing of a Memorandum of Agreement (MOA) led by LANDBANK President and CEO Lynette V. Ortiz and Traxion Founder and CEO Ann J. Cuisia on 09 May 2024 at the LANDBANK Plaza in Manila. They were joined by LANDBANK Executive Vice Presidents Leila C. Martin and Alan V. Bornas, and Senior Vice President Catherine Rowena B. Villanueva, alongside Traxion Chief Operations Officer Joshua Allen C. Santos, and Business Development Head Oliver Liggayu. “As our newest fintech-enabling partner, Traxion’s technical expertise will be invaluable in the implementation of our plan to integrate QR code functionality into our cards to facilitate convenient, seamless, and secure cash disbursements, especially under the government's social amelioration programs. We expect to further accelerate our efforts to promote QR Ph code-enabled person-to-person and person-to-merchant payments with our partnership,” said LANDBANK President and CEO Ortiz. Under the partnership, Traxion will also provide technology solutions to enable QR Ph person-to-person (P2P) and person-to-merchant (P2M) payments. This will complement LANDBANK’s digital banking solutions to service the requirements of government agencies for the seamless collection of fees and charges. The adoption of QR code in payment services is in line with the thrust of the Bangko Sentral ng Pilipinas (BSP) of ensuring the safety, efficiency, and reliability of payment systems in support of advancing inclusive economic growth. The new partnership also covers the onboarding of over 200 Traxion partner cooperatives to the LANDBANKasama Program. This is expected to boost the Bank’s reach in rural areas to bring financial services closer to more Filipinos. “With Traxion's end-to-end phygital banking and payment solutions, LANDBANK can leverage the latest advancements in hybrid technology to serve all customer types, across generations, and locations. The extensive technology deployed will reduce the cost of doing business, extend LBP’s agency banking activities, and empower the enablers Traxion has been supporting,” said Traxion CEO Cuisia. Under the LANDBANKasama Program, the state-run Bank is partnering 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 on behalf of the Bank. These services include cash withdrawals, cash deposit, fund transfers, bills payment, and balance inquiry. The program benefits clients, including beneficiaries of the Conditional Cash Transfer (CCT) Program of the National Government, who need to travel to other towns and cities to conduct basic financial transactions. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to provide responsive and meaningful services beyond banking, and leverage on innovative technology for safe, convenient, and accessible digital banking solutions.
READ MOREThe LBP Resources and Development Corporation (LBRDC), a subsidiary of the Land Bank of the Philippines (LANDBANK), receives three awards from the Governance Commission for Government-Owned and Controlled Corporations (GCG) for its exceptional performance and commitment to service excellence. The awards are presented by Executive Secretary Lucas P. Bersamin (5th from left) alongside GCG Chairperson Atty. Marius P. Corpus (6th from left) and GCG Commissioners Atty. Brian Keith F. Hosaka (leftmost) and Atty. Geraldine Marie Berberabe-Martinez (2nd from left) to LBRDC President and CEO Col. Ricardo C. Juliano (4th from left), Board Chairperson Lt. Gen. Antonio Ramon A. Lim (3rd from left), Director Lourdes Candy R. Darimbang (7th from left), Director Pamela S. Baricuatro (8th from left), Director Feliciano L. Macalino (9th from left), and Director Abner O. Malabanan (rightmost). LBRDC earned ninth place among the country’s GOCCs in the CY 2022 Performance Scorecard in corporate governance, while LANDBANK received the highest rating, and ranked first overall. The Corporation was also honored as one of the Most Improved GOCCs based on its Performance Scorecard Rating from CY 2021 to CY 2022. The GCG awards received reflect LANDBANK's dedication to fostering a culture of transparency, integrity, and accountability within the organization and across its subsidiaries.
READ MOREAmid the devastating impact of El Niño on local harvests, Land Bank of the Philippines (LANDBANK) remains aggressive in extending financial support to rice farmers as total loans released through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) reached P2.5 billion as of 30 April 2024. In partnership with Department of Agriculture (DA), LANDBANK has been successful in fully disbursing the P500-million allocated annual fund under ERCA-RCEF from 2019 to 2023. The Bank continues to make loans available to rice farmers and their cooperatives at affordable interest rates with minimum documentary requirements. "LANDBANK's support to the agriculture sector is crucial to ensuring food security in the country. We are committed to providing continued financial assistance to our rice farmers to help them sustain their operations and improve productivity, especially in the face of challenges including the El Niño phenomenon," said LANDBANK President and CEO Lynette V. Ortiz. The P2.5-billion loans released by LANDBANK under ERCA-RCEF benefitted over 15,400 individual rice farmers and 270 cooperatives with more than 21,300 member-beneficiaries, which were channeled to support palay production, milling and trading, re-lending, and acquisition of farm machineries. Under the Program, 98% of LANDBANK’s direct borrowers are individual rice farmers. Majority of the loan borrowers came from the rice producing provinces of Region 2, particularly Cagayan, Nueva Vizcaya, and Quirino, with LANDBANK assisting 4,945 borrowers for a total of P612.4 million in loans released. It was followed by Region 3 with 2,243 borrowers for total loan releases amounting to P840.3 million. The state-run Bank also extended assistance to rice farmers in Visayas and Mindanao, including the provinces of Capiz, Leyte, Agusan del Sur, Bukidnon, North Cotabato, and Zamboanga del Sur. LANDBANK’s steadfast commitment to the agriculture sector supports the celebration of the Farmers’ and Fisherfolk’s Month this May, which aims to recognize the invaluable contributions of farmers and fishers in nation-building and in achieving food security in the country. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside.
READ MOREDSWD Secretary Rex T. Gatchalian (2nd from left) and LANDBANK President and CEO Lynette V. Ortiz (3rd from left) lead the signing of a Memorandum of Agreement for the improved payouts under the Assistance to Individuals in Crisis Situation (AICS) Program on 21 May 2024 at the DSWD Central Office in Quezon City, with witnesses DSWD Undersecretary Monina Josefina H. Romualdez (leftmost) and LANDBANK Executive Vice President Liduvino S. Geron (rightmost). The partnership aims to facilitate the efficient and timely delivery of financial aid to crisis-affected individuals in need of essential support services. Land Bank of the Philippines (LANDBANK) has been tapped by the Department of Social Welfare and Development (DSWD) for the efficient and timely delivery of financial relief to crisis-affected individuals, including those in remote and underserved communities. Under DSWD’s Assistance to Individuals in Crisis Situation (AICS) Program, LANDBANK will serve as the Department’s disbursement partner and will engage financial service providers to effectively facilitate payouts in identified regions. This new set-up eliminates the need for beneficiaries in remote communities and geographically isolated and disadvantaged areas (GIDAs) to travel to other towns and cities to seek and receive financial aid from DSWD Regional Offices. The pilot implementation will cover beneficiaries in the National Capital Region, Cagayan, Central Luzon, and CALABARZON. “Through our partnership, we look to ensure the swift and timely delivery of financial aid to vulnerable individuals and families suffering from unforeseen life events or crises, including those beneficiaries in far-flung areas,” said LANDBANK President and CEO Lynette V. Ortiz. DSWD Secretary Rex T. Gatchalian and LANDBANK President and CEO Ortiz led the signing of the Memorandum of Agreement (MOA) for the pilot implementation of the improved delivery of the AICS Program on 21 May 2024 at the DSWD Central Office in Quezon City. Witnesses include DSWD Undersecretary Monina Josefina H. Romualdez and LANDBANK Executive Vice President Liduvino S. Geron. The AICS Program supports the recovery of individuals and families suffering from unexpected life events or crises by providing assistance for medical, burial, transportation, food, educational, financial or other essential needs. LANDBANK serves as the main distribution arm of the National Government’s various social protection programs, facilitating the timely and safe disbursement of financial assistance to vulnerable and underserved sectors. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
READ MOREAs of Mon, April 28, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56 | 56.5 |
| JPY | 0.384503 | 0.399342 |
| EUR | 62.734299 | 65.163993 |
| GBP | 73.505595 | 76.352462 |
| HKD | 7.193121 | 7.729313 |
As of Fri, April 25, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557629 |
| Money Market Fund | 1.310792 |
| Money Market Plus Fund | 1.223222 |
| PERA Money Market Fund | 1.023734 |
| Medium-Term Bond Fund | 2.469743 |
| Bond Fund | 2.02113 |
| PERA Bond Fund | 1.197928 |
| Balanced Fund | 2.611204 |
| Growth Fund | 2.585961 |
| Alpha Equity Fund | 3.010427 |
| Blue Chip Equity Fund | 0.962315 |
| Equity Fund | 0.785213 |
| High Dividend Equity Fund | 1.009253 |
| US$ Money Market Fund | 1.431944 |
| Global $ Fund | 1.523469 |
