PVAO Administrator Lt. Gen. Ernesto G. Carolina (Ret.) (seated, center) and LANDBANK Senior Vice President Marilou L. Villafranca (seated, 2nd from left), together with representatives from other servicing banks, lead the signing of the amended Memorandum of Agreement (MOA) for the Direct Remittance Pension Servicing System (DRPSS) on 18 April 2022 at Camp General Emilio Aguinaldo in Quezon City. (Photo courtesy of PVAO) State-run Land Bank of the Philippines (LANDBANK) has strengthened its partnership with the Philippine Veterans Affairs Office (PVAO) to better service Filipino veterans and pensioners in the new normal. Under the amended Memorandum of Agreement (MOA) for the Direct Remittance Pension Servicing System (DRPSS), LANDBANK and PVAO have streamlined procedures for pension account opening and formalized crediting of other PVAO benefits, such as medical and burial assistance, to the LANDBANK ATM accounts of pensioners. PVAO Administrator Lt. Gen. Ernesto G. Carolina (Ret.) and LANDBANK North NCR Branches Group Head Senior Vice President Marilou L. Villafranca signed the amended MOA on 18 April 2022 at Camp General Emilio Aguinaldo in Quezon City. They were joined by PVAO Deputy Administrator Assistant Secretary Raul Z. Caballes and Finance Division Chief Ferdinand C. Palor, including representatives from other pension servicing banks. “LANDBANK’s renewed partnership with PVAO is centered on providing greater banking convenience to our customers. We put utmost importance on improving our operational efficiency and adopting more responsive solutions to respond to the evolving needs of pensioners and all our customers, especially in the new normal,” said LANDBANK President and CEO Cecilia C. Borromeo. The MOA also provides for the setting-up of a dedicated area for communication materials on veteran-related events to be maintained in every LANDBANK branch handling PVAO pension accounts. More than 60,000 Filipino veterans and pensioners who maintain pension accounts with LANDBANK, including accountholders with the former United Coconut Planters Bank (UCPB), are benefitting from the Bank’s improved branch network and a wide array of products and services. As of end-March 2022, LANDBANK has a total of 607 branches and 71 branch-lite units nationwide. Pensioners can also use the Bank’s network of 2,802 ATMs all over the country for the convenient and safe withdrawals of their pensions and other benefits.
READ MORELANDBANK Aparri Branch distributes cash cards to 435 CCT and UCT program beneficiaries from the islands of Babuyan and Dalupiri in the Municipality of Calayan, Cagayan. About 9.8 million beneficiaries under the major social protection programs of the Department of Social Welfare and Development (DSWD) can now receive government subsidies in a timely, safe and convenient manner, as the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of cash cards across the country. As of 31 March 2022, the state-run Bank has provided LANDBANK Cash Cards to 4.4 million Conditional Cash Transfer (CCT) beneficiaries and 5.4 million Unconditional Cash Transfer (UCT) beneficiaries covering the Department’s Social Pension and Listahanan beneficiaries. “On top of ensuring the timely and safe disbursement of government subsidies to the country’s most vulnerable sectors, the distribution of LANDBANK Cash Cards advances our efforts to bring more Filipinos into the formal banking system. This forms part of LANDBANK’s contribution to the National Government’s inclusive and sustainable development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo. CCT and UCT beneficiaries can use the LANDBANK Cash Cards to withdraw from LANDBANK Automated Teller Machines (ATMs) and Agent Banking Partners (ABPs) nationwide, as well as make cashless purchases in groceries and drugstores, among others. The LANDBANK Cash Cards were recently upgraded into transaction accounts to provide beneficiaries with wider access to an array of banking services, including cash card loading via LANDBANK branches, fund transfers through the LANDBANK Mobile Banking App, and cash-in via LANDBANK Cash Deposit Machines. In 2021, the Bank disbursed a total of P133.61 billion in cash grants to more than seven million CCT and UCT beneficiaries nationwide. LANDBANK remains steadfast in the fulfillment of its expanded mandate as the delivery arm for the National Government’s social protection initiatives, in line with servicing the country’s underserved and marginalized sectors.
READ MORELand Bank of the Philippines (LANDBANK) joins the Trust Officers Association of the Philippines (TOAP) in celebrating Trust Consciousness Week 2022 from 25 April to 29 April 2022 with the theme, “Future Proofing Trust: Thriving Beyond 2022”. Visit https://www.landbank.com/trust-banking for more information on LANDBANK's Trust Products and Services. #ServingTheNation #BankingOnTheFilipinoSpirit
READ MORELand Bank of the Philippines (LANDBANK) joins the celebration of Credit Consciousness Week 2022 from 24-30 April 2022. #ServingTheNation #BankingOnTheFilipinoSpirit #CCWeek2022
READ MOREAs the country reels from the effects of changing global climates and shifting weather patterns, state-run Land Bank of the Philippines (LANDBANK) has approved loans totaling P20.1 billion to 56 borrowers in support of local renewable energy projects as of 31 March 2022, underscoring the Bank’s commitment to sustainable development. Through the LANDBANK Renewable Energy Program, the Bank aims to finance the development of renewable energy sources and increase access to reliable, clean and sustainable power to help mitigate the effects of climate change in the country. “As an industry leader in promoting environmental sustainability in the country, LANDBANK is at the forefront of supporting initiatives aimed at protecting our environment. We are looking to work with more customers and development partners towards a more sustainable future for the next generation, and beyond,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK Renewable Energy Program can finance renewable energy projects harnessing biomass, geothermal, solar, hydro, ocean, and wind power. Other eligible projects include biofuel, hybrid renewable energy systems, such as hybrid electric or compressed natural gas, and the fabrication or manufacturing of renewable energy technologies, equipment and components, among others. Aside from providing credit fund for working capital and for capital expenditures, loans under the Program can also be used to finance project preparation activities such as developing a feasibility study, detailed engineering design, and supporting assessment studies, as well as securing permits, licenses, and approvals. Eligible borrowers such as electric cooperatives, local government units (LGUs), government-owned and controlled corporations (GOCCs), and government agencies may borrow up to 90% of the total cost of the project. Cooperatives, associations and private borrowers categorized as single proprietorships, partnerships, or corporations may borrow up to 80%. Term loans for working capital and project preparation are payable up to five (5) years, with a six-month grace period on principal payment, while loans for capital expenditure are payable based on the borrower’s cash flow up to 15 years, with a three-year grace period. The interest rate shall be based on the prevailing market rate but not lower than 5% per annum. The Renewable Energy Program forms part of LANDBANK’s service to the nation in promoting environmentally sustainable programs to address climate-related concerns.
READ MOREA. Promo Mechanics as of April 5, 2022 1. Promo runs from April 25, 2022 to June 30, 2022 at the following SM Malls: SM Aura Premier SM North Edsa SM City Fairview SM Megamall SM Mall of Asia SM City Grand Central SM Southmall SM Lanang Premier SM City Cebu SM Makati 2. For every single purchase receipt worth P3,000.00 from any of the participating SM Retail Stores using VISA Tap to Pay entitles the customer to play for one level and win SM Gift Pass. PARTICIPATING SM RETAIL STORES 1 ACE HARDWARE 15 SAVEMORE 2 BABY COMPANY 16 SIMPLY SHOES 3 BATA 17 SM APPLIANCE 4 CRATE & BARREL 18 SM HYPERMARKET 5 CROCS SHOES 19 SM SUPERMARKET 6 DYSON 20 SPORTS CENTRAL 7 ECCO 21 SURPLUS SHOP 8 FOREVER 21 22 THE BODY SHOP 9 INNISFREE 23 THE SM STORE 10 KULTURA 24 TOY KINGDOM 11 LEVIS 25 UNDER ARMOUR 12 MINISO 26 UNIQLO 13 OUR HOME 27 WATSONS 14 PET EXPRESS 3. Upon completing the minimum single receipt transaction of P3,000 using Visa Contactless Credit Card the cardholder must scan the QR code at the cashier and input the following information: Mobile number Name First 6 digits of the VISA Contactless Credit Card Receipt Amount Last 5 digits of the O.R. Upload a copy of the VISA transaction slip 4. Customer can automatically play the game after submission of valid information listed in item 4. 5. How to play the game: To play the game, customer has to select 2 matching cards. A matching card must have the same photo after you tap the card. If the customer successfully selects matching cards, s/he will get a WINNING message stating that the customer won a gift certificate as prize. If unsuccessful, a TRY AGAIN message will appear and the customer needs to re-upload a new receipt to get another chance to play. Customer can play multiple times as long as s/he was able to fulfill the purchase requirement during the duration of the promo. Upon winning the first level, the customer has the option to play on the next level or claim his/her prize already. • The game has 3 levels with corresponding prizes: • Level 1 – P100 SM Gift Certificate • Level 2 – P300 SM Gift Certificate • Level 3 – P500 SM Gift Certificate • The maximum prize a customer can win is P500 worth of SM Gift Certificate • In case the customer loses on the next level, s/he can still claim the prize s/he won from the previous level. • Sample prizes: Ex. 1 – Level 1: Win Level 2: Lose Prize: P100 SM Gift Certificate Ex. 2 – Level 1: Win Level 2: Win Level 3: Lose Prize: P300 SM Gift Certificate Ex. 3 – Level 1: Win Level 2: Win Level 3: Win Prize: P500 SM Gift Certificate 6. In order to play for the next level, the customer must present a new qualified single receipt worth P3,000. One (1) valid receipt = One (1) level 7. Splitting of transactions is prohibited and shall not be allowed for redemption. 8. To claim SM Gift Pass, winner must present the following at the Customer Service Counter of The SM Store located inside the SM Supermalls where the transaction was made for validation: Screenshot of the winning message with reference number Original Transaction Receipt (Original & Untampered) Original Charge slip (customer copy) - surrender VISA Contactless Credit Card Valid ID 9. Transaction receipt and charge slip should be marked/stamped “CLAIMED” upon release of SM Gift Pass. 10. Prize is non-convertible to cash. 11. Promotion is open to all principal and supplementary cardholders of VISA contactless credit cards issued in Philippines 12. The SM Store and Visa will not replace lost or damage SM Gift Pass caused by the cardholder. 13. 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 entitled to any raffle entry. 14. Prize allocation per mall per day: 4,000.00 15. Winners will be given sixty (60) days upon receipt of notification to claim the prize. After the 60-days claiming period, unclaimed prizes will be forfeited in favor of SCMC with the prior approval of DTI. 16. Employees of Shopping Center Management Corporation, its affiliates, mall tenants of SM mall, agencies, service providers, respective officers and their relatives up to second degree of consanguinity or affinity are not qualified to participate in this promo.
READ MORELANDBANK Lending Program Management Group Head, Vice President Esperanza N. Martinez (center) receives the Gawad Lingap 2021 Special Award for LANDBANK from DA-ACPC Executive Director Jocelyn Badiola (2nd from left), Agriculture Undersecretary Evelyn Laviña (3rd from left), and BSP Monetary Board Member, Dr. Bruce Tolentino V (rightmost), together with LANDBANK and DA-ACPC officials. State-run Land Bank of the Philippines (LANDBANK) was honored at the 2nd Gawad sa Paglingap sa Magsasaka at Mangingisda (Gawad Lingap) Awards of the Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC), for the Bank’s outstanding support to the agriculture sector and micro, small, and medium enterprises (MSMEs) amid the COVID-19 pandemic. LANDBANK received a special award as one of the partner lending conduits (PLCs) of DA-ACPC for agri-fishery credit programs for small farmers and fishers and other agri-players. "While we take on an expanded role of serving various development sectors, providing intensified support to agriculture is a continuing commitment for LANDBANK. Together with the DA and ACPC, we remain focused on extending financial access to farmers and fishers nationwide under our whole-of-government approach," said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK Lending Program Management Group Head, Vice President Esperanza N. Martinez received the award on behalf of the Bank on 28 April 2022 during the award ceremonies held at Novotel Manila Araneta in Cubao, Quezon City. In partnership with the agriculture department, LANDBANK offers various lending programs directed at supporting the recovery and growth of small farmers, fishers and MSMEs. These loan programs include the Expanded Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF), Agricultural Competitiveness Enhancement Fund (ACEF), LBP-SRA Socialized Credit Program under Sugarcane Industry Development Act (SCP-SIDA), and the Survival and Recovery Assistance (SURE Aid) Program. LANDBANK also implements the SURE COVID-19 loan program together with DA-ACPC to assist small farmers and fishers affected by the economic impact of the global health crisis. Under the programs being administered by LANDBANK for DA-ACPC, cumulative loan releases have reached a total of P12.51 billion benefitting small farmers and fishers and micro- and small enterprises nationwide, as of 31 March 2022. LANDBANK remains fully committed to serving the requirements of farmers and fishers, towards building a stronger and more resilient agriculture sector.
READ MOREThe Land Bank of the Philippines (LANDBANK) reported robust financial performance in the first quarter of the year, with a higher net income of P13.2 billion alongside double-digit growth in assets, deposits and capital. LANDBANK’s net income for the three-month period jumped an unprecedented 141% from P5.48 billion a year ago, attributed to higher interest income from loans and investments, as well as one-time gains from the merger with the United Coconut Planters Bank (UCPB). The higher net income translates to a return on equity of 14.27%, which is well above the industry average of 9.08% as of 31 December 2021. “LANDBANK’s income expansion runs parallel with the country’s strong economic resurgence. We will build on this growth trajectory to continue assisting key development sectors and contribute to our collective recovery, to drive our broader thrust of serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK remains the second largest bank in terms of assets at P2.792 trillion as of end-March 2022 or 16% higher than the P2.405 trillion in 2021. The increase in assets was propelled by the merger, with UCPB contributing P291.83 billion additional assets. Major asset accounts, including loans and investments, likewise increased in double-digits. The Bank also booked a 12% growth in capital year-on-year to P218.36 billion from P194.59 billion, mainly due to the record net income in 2021. LANDBANK’s sound financial position furthered its capacity to provide financial and support services to the agriculture sector and other development industries. As of end-March 2022, LANDBANK’s total outstanding loans to its priority sectors reached P822.01 billion, of which P236.86 billion was channeled to support the agriculture sector. LANDBANK is a government financial institution with a unique social mandate of promoting national development while remaining financially viable.
READ MOREThe Land Bank of the Philippines (LANDBANK) has released P1.51 billion in loans to a total of 9,126 rice farmers and cooperatives as of 31 March 2022 through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF). Implemented in partnership with the Department of Agriculture (DA), LANDBANK was able to fully disburse the allocated program fund from 2019 to 2021 under the ERCA-RCEF, designed to support small rice farmers cope with the decline in palay prices, coupled with challenges brough about by the COVID-19 pandemic. Majority of the beneficiaries were from the rice-producing provinces of Region 2, particularly Cagayan, Nueva Vizcaya, and Quirino, with LANDBANK assisting a total of 4,189 individual rice farmers and 28 cooperatives. LANDBANK was also able to extend assistance to rice farmers in the Visayas and Mindanao, including the provinces of Capiz, Agusan del Sur, Davao del Norte, and Occidental Mindoro, among others. “As a vital contributor to the National Government’s sustainable development agenda, LANDBANK remains steadfast in delivering much-needed support to the agriculture sector. Alongside the DA, the successful and timely delivery of loans to rice farmers under the ERCA-RCEF is a testament of this unwavering commitment,” said LANDBANK President and CEO Cecilia C. Borromeo. The ERCA-RCEF is a credit facility which aims to boost the productivity and income of small rice farmers, and cushion the initial impact of Republic Act No. 11203, also known as the Rice Tariffication Law (RTL). Under ERCA-RCEF, individual farmers may borrow up to 90% of their total project cost at a low fixed interest rate of 2% per year. The loan may be used to purchase farm inputs for rice and rice seed production, as well as farm machineries and equipment for production and post-production. DA-accredited cooperatives may also borrow under the ERCA-RCEF for the purchase of farm inputs for rice and rice seed production as a collective operation and working capital for rice and rice seed trading. The Progam also supports rice farming-related activities such as the acquisition of machineries and equipment, as well as relending and rediscounting of existing loans of small rice farmers listed in the DA’s Registry System for Basic Sectors in Agriculture (RSBSA). As mandated by Republic Act No. 11203, LANDBANK shall continue to administer the ERCA-RCEF Program for the DA until 2024, and make available P500 million in loans annually to rice farmers registered under the RSBSA in 38 rice-producing provinces.
READ MORE1. Details of the Promotion as follows: • 8% off hotel bookings made with an eligible VISA card • Booking Period: until February 28, 2023 • Stay Period: until June 30, 2023 • Destination: worldwide 2. The Promotion is available to the qualifying and eligible cardholders of VISA cards issued in the Philippines which bears the VISA name and logo on the face of the card. Cardholders must settle payment with their valid VISA in order to enjoy the Promotion. 3. The Promotion is only applicable to the reservation of selected and designated merchant properties in certain destinations, made through a dedicated Promotion landing page only at following URL: www.agoda.com/visaph 4. Agoda reserves the right to launch selected and temporary “tactical offers” at higher discount levels for selected countries. 5. The Promotion is subject to the terms and conditions of Agoda. In case of dispute, the decision of VISA and/or Agoda shall be final. 6. This Promotion is only valid for hotels that have the “Promotion Eligible” banner on the search results page and “Pre paid”,“Pay now” and “Book Now, Pay later” room types only. Rooms that have the “Pay at the Hotel” flag do not qualify for the promotion. 7. The Promotion discount is applicable to accommodation room charges only (excluding local taxes, service fees, extra charges, personal consumptions and the like). 8. The Promotion is non-transferable, non-cumulative, cannot be exchanged for cash or other products and cannot be used in conjunction with any other discount, promotions, discounted items and fixed price items (unless specified). 9. VISA and/or Agoda can change the terms of conditions at any point of time. The Promotion can be suspended or cancelled at any point in time without prior notice. 10. This Promotion is independent of, and unrelated to, any offer or arrangement between VISA and the cardholder (payment facility, etc.), which is at VISA’s sole discretion and for which VISA is solely responsible and liable. 11. The Promotion discount will only be displayed on the booking form of the Promotion landing page after entering a valid VISA card number. Promo runs from March 1, 2022 – February 28, 2023 Per DTI Fair Trade Permit No. FTEB-138102 Series of 2022
READ MOREAs of Tue, April 29, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.15 | 56.65 |
| JPY | 0.384503 | 0.399342 |
| EUR | 62.734299 | 65.163993 |
| GBP | 73.505595 | 76.352462 |
| HKD | 7.193121 | 7.729313 |
As of Mon, April 28, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558065 |
| Money Market Fund | 1.311204 |
| Money Market Plus Fund | 1.223605 |
| PERA Money Market Fund | 1.024015 |
| Medium-Term Bond Fund | 2.471787 |
| Bond Fund | 2.022874 |
| PERA Bond Fund | 1.198546 |
| Balanced Fund | 2.606916 |
| Growth Fund | 2.583822 |
| Alpha Equity Fund | 3.00714 |
| Blue Chip Equity Fund | 0.961723 |
| Equity Fund | 0.7838 |
| High Dividend Equity Fund | 1.005401 |
| US$ Money Market Fund | 1.432307 |
| Global $ Fund | 1.527551 |
