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 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 MORE(front row) Malasiqui Mayor Noel Anthony M. Geslani (center) with LANDBANK Senior Vice President Ma. Belma T. Turla (2nd from right) and Assistant Vice President Emelyn M. Justiniano (leftmost), among other Bank officials and local partners, launch Malasiqui’s upgraded online services on June 8, 2023, which will allow residents and local business owners to process and pay for their real property taxes and business permits anytime and anywhere. MALASIQUI, Pangasinan – Residents and business owners from this 1st class municipality can now settle their payments for real property taxes and business permits faster and more conveniently through the online payment facility of the Land Bank of the Philippines (LANDBANK). The Municipal Government of Malasiqui has partnered with the state-owned Bank for the integration of the LANDBANK Link.BizPortal to its website, where constituents can now access the local government’s online services. Through the Link.BizPortal, customers can complete payments for local transactions safer and easier online without having to physically visit the municipal hall. Malasiqui Mayor Noel Anthony M. Geslani alongside LANDBANK Senior Vice President Ma. Belma T. Turla and Assistant Vice President Emelyn M. Justiniano led the launch of Malasiqui’s new online services on 8 June 2023 at the town’s Municipal Hall. They were joined by Malasiqui Vice Mayor Alfe M. Soriano, Department of Trade and Industry (DTI) Pangasinan Provincial Director Natalia B. Dalaten, and LANDBANK San Carlos (Pangasinan) Branch Head Menchie C. Mencias. “LANDBANK continues to collaborate with local government units and other government partners to provide customers with safe and secure online payment options. This forms part of our push for greater financial inclusion, while promoting transparency and efficiency in the delivery of meaningful and responsive public service,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK has now onboarded a total of 22 local government units (LGUs) in Pangasinan to the Link.BizPortal, to provide efficient and convenient digital payment services for Pangasinenses. These LGUs include the Provincial Government of Pangasinan and the City Governments of Alaminos, Dagupan, San Carlos and Urdaneta. “Itong launching po natin ngayon ay napakahalaga dahil kahit saan, kahit anong oras ay pwede ng makapagbayad ng fees,” said Mayor Geslani, adding that the newly launched online services will help promote ease of doing business in Malasaqui, while helping generate more income for the municipal government. The Link.BizPortal is LANDBANK’s web-based payment channel that allows clients to pay for products and services online to over 1,250 government and private partner merchants nationwide. As of April 2023, LANDBANK has recorded nearly 2.8 million transactions amounting to P4.2 billion through the Link.BizPortal. LANDBANK’s offering of digital banking solutions advances the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MOREResidents from the remote towns of Sibunag and San Lorenzo now enjoy easy access to their cash needs with the newly-installed LANDBANK ATMs in Sibunag Municipal Hall in Brgy. Dasal (right photo) and San Lorenzo Municipal Compound in Brgy. Cabano (left photo). GUIMARAS – In line with its commitment of bringing convenient and reliable banking services closer to more Filipinos, the Land Bank of the Philippines (LANDBANK) has ramped up expansion efforts in this island province with the installation of two new automated teller machines (ATMs) in the far-flung towns of Sibunag and San Lorenzo. The new LANDBANK touchpoints are strategically located at the Sibunag Municipal Hall in Brgy. Dasal and San Lorenzo Municipal Compound in Brgy. Cabano to primarily service residents from 25 combined barangays, which includes farmers, fishers, local government employees, teachers, and other depositors. Over 7,600 beneficiaries of the Conditional and Unconditional Cash Transfer (UCT) programs of the Department of Social Welfare and Development (DSWD) will also benefit from faster and more efficient payout services through the new ATMs. “Our continued expansion in remote and underserved areas advances our continuing thrust towards financial inclusion. LANDBANK will remain focused on reaching and serving all our customers nationwide, as we firm up our support in pushing the National Government’s inclusive development agenda,” said LANDBANK President and CEO Lynette V. Ortiz. Jenefer Salmorin, a Pantawid Pamilyang Pilipino Program (4Ps) beneficiary from Sibunag, said that the availability of a LANDBANK ATM in their town makes claiming of financial assistance from the National Government more convenient and accessible. This helps DSWD beneficiaries like her, along with other residents, to save time and money from traveling at least 25 minutes to the Municipality of Jordan and spending P50.00 for a special ride just to withdraw their financial assistance. For Sibunag Mayor Annabelle V. Samaniego, the installation of the new LANDBANK ATM in the town also provides improved access to formal financial services and promotes financial literacy among residents. “This has lessened our consumed time, money, and effort just to withdraw cash we needed. On behalf of the people of the Municipality of Sibunag, I am expressing my sincerest gratitude and appreciation to LANDBANK as our genuine partner for the development of the municipality,” said Mayor Samaniego. LANDBANK is the only bank present in all five municipalities of the Province of Guimaras, servicing the banking requirements of residents through the Guimaras Branch in Brgy. San Miguel in Jordan, with 10 ATMs, one cash deposit machine (CDM), and seven Agent Banking Partners (ABPs) located throughout the province. In support of the province’s digitalization efforts, the Bank has also successfully onboarded the provincial government and all municipal governments in its Link.BizPortal facility, which allows residents to pay for local dues online without the need to physically visit the LGU offices. As of end-April 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,920 ATMs, 224 CDMs, and 1,743 ABP POS cash-out terminals, which are spread strategically across all 82 provinces of the country.
READ MORE(standing) General Trias City Mayor Luis A. Ferrer IV (4th from right), Vice Mayor Jonas Glyn P. Labuguen (5th from right), and LANDBANK Cavite City Branch Assistant Vice President Edgar Deligero (3rd from right), together with other local officials and LANDBANK representatives, celebrate the new partnership for the use of the LANDBANK Link.BizPortal at the General Trias City Hall. GENERAL TRIAS, Cavite – The City Government of General Trias has partnered with the Land Bank of the Philippines (LANDBANK) for the safe, fast, and convenient collection of local fees for business permits and real estate taxes through the Bank’s web-based payment channel. Through the LANDBANK Link.BizPortal, residents can now settle fees, dues, and charges to the local government unit (LGU) online at their convenience with just a few clicks on their computers or mobile devices. “Our collaboration with the City of Government of General Trias allows for convenient and hassle-free payments. LANDBANK will continue to support local government partners in delivering innovative and responsive public service,” said LANDBANK President and CEO Lynette V. Ortiz. General Trias City Mayor Luis A. Ferrer IV, Vice Mayor Jonas Glyn P. Labuguen, and LANDBANK Cavite City Branch Assistant Vice President Edgar Deligero, led the signing of a Memorandum of Agreement for the use of the LANDBANK Link.BizPortal, together with other local officials and LANDBANK representatives at the General Trias City Hall. “Being an advocate of Ease of Doing Business and efficient delivery of government services, this program with LANDBANK will enable the city to offer quality service to its constituents,” said General Trias Mayor Ferrer. The LANDBANK Link.BizPortal is a digital facility that allows clients to pay for products and services via the internet from both government and private institutions. For the first three months of the year, the LANDBANK Link.BizPortal has already facilitated 2.18 million transactions amounting to P3 billion in value.
READ MOREGSIS President and General Manager Jose Arnulfo “Wick” A. Veloso (right) and LANDBANK President and CEO Lynette V. Ortiz (left) lead the signing of the Data Sharing Agreement on 17 July 2023, to make financial services more efficient and convenient for GSIS members and pensioners. In line with the National Government’s digitalization drive, the Land Bank of the Philippines (LANDBANK) and the Government Service Insurance System (GSIS) signed a Data Sharing Agreement to provide a more efficient and seamless banking experience to GSIS members. Under the Agreement, GSIS will share its members’ data to LANDBANK to enhance the delivery of banking services, which includes real-time crediting of benefit claims, loans, and other proceeds for over 1.5 million GSIS members who maintain accounts with the Bank. The collaboration will likewise allow members of the state pension fund to receive their LANDBANK Visa Debit Cards within the same day of card enrolment at the GSIS Main Office in Pasay City. Through the LANDBANK Cards, members will be able to conveniently receive and withdraw their claims and proceeds from GSIS. “This Agreement further builds upon the partnership of LANDBANK and GSIS to streamline processes and enhance operational efficiency for the benefit of GSIS members. We fully support the digitalization journey of GSIS by attending to their banking requirements with innovative solutions,” said LANDBANK President and CEO Lynette V. Ortiz. The signing of the Agreement on 17 July 2023 was led by LANDBANK President Ortiz and GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso. They were joined by GSIS Vice President and Data Protection Officer Jonathan Pineda and LANDBANK senior officers, including Executive Vice President Liduvino S. Geron, Senior Vice President Ramon R. Monteloyola, GSIS Branch Head Manuel A. Dimalaluan, and Data Protection Officer Atty. Rhys S. Abundabar. “With this Agreement, our stakeholders are assured that their private, confidential information are safe and secure with us. Makatitiyak sila na pangangalagaan natin ang kanilang data privacy at protektado ang kanilang sensitive information kasama na ang kanilang financial data,” said GSIS President Wick Veloso. Also covered by the Data Sharing Agreement are other pipeline projects utilizing LANDBANK’s digital banking products for GSIS-related transactions, including the integration of LANDBANK to GSIS Touch – the official mobile application of GSIS. LANDBANK and GSIS are also working together to accommodate online payments for rent and other fees under the GSIS Ginhawa For All Lease with Option to Buy (GFAL LWOB) Program through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility.
READ MOREVictorias City Mayor Javier Miguel Benitez (2nd from right), LANDBANK Victorias Branch Manager Rosie Cuadernal (leftmost), SPIDC Vice President Rommel Cunanan (3rd from right), and Victorias City Treasurer Maria Rosielyn Gustilo (rightmost) show the formal agreement to digitalize the payment of local government taxes and fees. VICTORIAS, Negros Occidental – The City Government of Victorias signed a Memorandum of Agreement with the Land Bank of the Philippines (LANDBANK) in line with efforts to digitalize tax payment collection and enhance public service delivery in the municipality. The partnership formalizes the integration of the LANDBANK Link.BizPortal with the Victorias LGU's Web Service Portal to provide residents convenience in paying for fees related to business permits, real properties, resorts and public market rentals, among other local dues. Victoria LGU's Web Service Portal is managed by the Systems & Plan and Integrator and Development Corporation (SPIDC). "LANDBANK fully supports the City Government of Victorias in their continued journey towards digitalization. This collaboration is a testament to the Bank's unwavering commitment to collaborate with local government units to provide innovative digital products and services to the public," said LANDBANK President Lynette V. Ortiz. The MOA signing was completed along the sidelines of the public launch of the LGU’s Web Service Portal led by Victorias City Mayor Javier Miguel Benitez, Victorias City Treasurer Maria Rosielyn Gustilo, SPIDC Vice President Rommel Cunanan, and LANDBANK Victorias Branch Manager Rosie Cuadernal. The Victorias LGU has been a valued client of LANDBANK since 1996. Apart from the Link.BizPortal, it also avails of various LANDBANK digital facilities including RFID ATM Payroll, Electronic Salary Loan (eSL), the Enhanced Human Resource Information System (HRIS), and the weAccess, the Bank’s internet banking facility for institutional clients. LANDBANK is offering various digital products and services to LGUs nationwide, in support of their compliance to Executive Order 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is likewise in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).
READ MOREState-run Land Bank of the Philippines (LANDBANK) is marking 60 years of public service with plans to further expand its physical presence in unbanked and underserved communities, while enhancing its digital services to consistently deliver a seamless and exceptional customer experience. LANDBANK President and CEO Lynette V. Ortiz said that the Bank will continue to support the National Government’s development agenda by improving access to reliable, relevant, and convenient financial services. “We are adopting a phygital strategy to cater to our customer’s evolving preferences and demands, with increased investments in expanding our physical touchpoints and beefing-up our digital offerings. LANDBANK is ready to reach and serve a wider customer base, as we continue to bring more Filipinos into the financial mainstream,” said LANDBANK President Ortiz. The only bank operating in all 82 provinces of the country, LANDBANK eyes to establish physical touchpoints in all 1,634 cities and municipalities nationwide to bring banking services closer to Filipinos. As of 30 June 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,951 automated teller machines (ATMs), 226 cash deposit machines (CDMs), and 1,785 Agent Banking Partner POS cash-out terminals. LANDBANK is currently present in 85.4% or 1,396 cities and municipalities in the country, including the previously unbanked towns of Sallapadan in Abra, Barlig in Mountain Province, Tamparan in Lanao del Sur, Anahawan in Southern Leyte, and Kinoguitan in Misamis Oriental. In support of the Government’s digitalization push, LANDBANK is also looking to onboard all government offices in its digital platforms to increase operational efficiency, improve the ease of doing business, and enhance meaningful public service delivery. From January to June 2023, the Bank has onboarded a total of 180 government entities to its Link.BizPortal payment platform, and facilitated across all its digital channels a total of 96.5 million transactions valued at P3.9 trillion. LANDBANK is also working closely with the Philippine Statistics Authority (PSA) in providing unbanked Philippine Identification System (PhilSys) registrants with their own transaction accounts with no initial deposit. As of June 2023, the Bank has already onboarded 8.35 million unbanked Filipinos to the formal banking system, allowing for convenient fund management and access to financial transactions such as cash withdrawals, fund transfers, and online bills payments. LANDBANK has likewise taken significant steps to make digital banking more affordable, which includes recently reducing the transaction fees for online fund transfers to other banks through InstaPay, from P25 to P15. The Bank has also doubled the total daily amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, subject to a maximum amount of P50,000.00 per transaction. LANDBANK, which was established on 8 August 1963 through Republic Act No. 3844 or the Agricultural Land Reform Code, will celebrate its 60th anniversary on 08 August 2023, representing six decades of uplifting lives, empowering communities, and serving the nation — towards building an inclusive and sustainable economy.
READ MORE(seated) Zamboanga City Mayor John M. Dalipe (2nd from right) and LANDBANK Vice President Lina K. Pacio (3rd from right) lead the signing of a Memorandum of Agreement (MOA) to formalize a partnership with the city government to utilize the LANDBANK Link.BizPortal for the online collection of local government fees, dues and charges. ZAMBOANGA CITY – The City Government of Zamboanga has tapped anew the services of the Land Bank of the Philippines (LANDBANK) to accelerate its shift towards digitalizing local government transactions. Through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility, residents of Zamboanga City’s 98 barangays now have an online payment option to settle fees, dues and charges to the LGU, which includes real property taxes and business permits. “LANDBANK is accelerating the digitalization of public services nationwide through our secure and reliable digital banking products. We are working closely with local government partners, such as Zamboanga City, to deliver more efficient and convenient services,” said LANDBANK President and CEO Lynette V. Ortiz. The Zamboanga City LGU welcomes the shift from solely accepting physical payments for local fees such as cash and cheques, to the adoption of a digital payment scheme for the convenience of the city’s residents. “LANDBANK helps us move faster towards digitalization, ensuring transparency, accountability, and a more efficient delivery of services to our people,” said Zamboanga City Mayor John M. Dalipe. Mayor Dalipe and LANDBANK Vice President Lina K. Pacio led the signing of the Memorandum of Agreement (MOA) to formalize the partnership on 18 July 2023 at the Zamboanga City Hall. They were joined by City Legal Officer Atty. Haydee Panganiban and LANDBANK Zamboanga (Main) Branch Head Assistant Vice President Laneli F. Elum, along with other LANDBANK officers. Prior to this new partnership, LANDBANK has been servicing the various banking needs of the Zamboanga City LGU through its digital banking products and services. This includes the online remittance of the LGU’s taxes via the LANDBANK Electronic Tax Payment System (eTPS), and the facilitation of fund transfer and bills payment via the LANDBANK weAccess, the Bank’s internet banking facility for institutional clients. In support of the National Government’s push for digitalizing local government transactions, LANDBANK has already onboarded 449 LGUs as partner merchants to the Link.BizPortal as of end-June 2023. For the first six months of 2023, the Bank’s online payment facility has facilitated a total of 4 million transactions with value amounting to P6 billion.
READ MORECHEERS TO 60 YEARS OF SERVICE: LANDBANK President and CEO Lynette V. Ortiz leads a celebratory toast alongside industry regulators, business leaders, development partners, and outstanding clients in commemoration of LANDBANK’s diamond jubilee on 08 August 2023. To mark six decades of meaningful public service, the Land Bank of the Philippines (LANDBANK) honored outstanding clients and partners who have become its strong allies in promoting countryside and national development during an appreciation event on 08 August 2023 in Pasay City. The 60-year-old state-run Bank conferred the prestigious Distinguished Initiators and Movers of National Development (DIAMOND) Awards to exceptional loan clients, and fund management and digital banking partners from across the country. “May these awards inspire you to dream bigger and achieve more, while serving as a testament to our solid partnership, and to our unified resolve to continue making a lasting impact to the sectors and people we serve,” said LANDBANK President and CEO Lynette V. Ortiz. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno likewise expressed appreciation to the DIAMOND awardees for their contributions in accelerating the post-pandemic recovery of the Philippine economy. “As chairman of this Bank, I assure you that we will continue to be a reliable partner in your development journey as we build a more resilient, inclusive, and sustainable economy where no one is left behind,” said Finance Secretary Diokno. (left photo) LANDBANK President and CEO Lynette V. Ortiz extends her appreciation to clients and partners for their trust and support for the Bank over the past 60 years. (right photo) Finance Secretary and LANDBANK Chairman Benjamin E. Diokno congratulates the DIAMOND awardees and assures all stakeholders of the Bank’s continued support towards building a more resilient, inclusive, and sustainable economy. Executive Secretary Lucas P. Bersamin joined Finance Secretary Diokno and LANDBANK President Ortiz in presenting the DIAMOND Awards to clients. Department of Agrarian Reform (DAR) Secretary Conrado M. Estrella III, Department of Labor and Employment (DOLE) Secretary Bienvenido E. Laguesma, and Department of Agriculture (DA) Senior Undersecretary Domingo F. Panganiban also graced the event. LANDBANK bestowed the DIAMOND Awards to outstanding loan clients nationwide who have trusted the Bank for the growth and development of their business operations, and have made ripples of positive change in their respective communities. Awardees include the Lamac Multi-Purpose Cooperative as the Outstanding Agri-based Cooperative; ACDI Multipurpose Cooperative as the Outstanding Non-Agri-based Cooperative; Dolefil Agrarian Reform Beneficiaries Cooperative and Goodyear Agrarian Reform Beneficiaries Multi-Purpose Cooperative (GARBEMCO) as the Outstanding Agrarian Reform Beneficiaries’ Cooperatives; and Biotech Farms, Inc. as the Outstanding Partner in Agribusiness. Other LANDBANK outstanding loan clients include the Green Innovations for Tomorrow Corporation as the Outstanding Partner in Renewable Energy; Leyte Metropolitan Water District as the Outstanding Partner in Water Development and Distribution; Fiesta Communities Incorporated as the Outstanding Partner in Socialized Housing Development; Allah Valley Medical Specialists’ Center, Inc. as the Outstanding Partner in Health Services; Juan Sumulong Memorial Schools Systems Inc. as the Outstanding Partner in Learning and Development; spouses Marcelina and Salvador Cabaero as the Outstanding Agri-based SME; and Mr. Porfirio P. Mina as the Outstanding Non-Agri-based SME. LANDBANK also recognized outstanding partners in fund management who have extended resolute confidence in the Bank and remained loyal clients over the years. Recipients of the LANDBANK DIAMOND Awards under fund management include the Bureau of the Treasury; San Miguel Group of Companies; OceanaGold (Philippines) Inc.; Peninsula Electric Cooperative, Inc.; WCS Construction Inc.; JM Maligaya Group of Companies; Metro Retail Stores Group Inc.; ECJ Negros Farms ARB Cooperative; and Ulticon Builders, Inc. The DIAMOND Awards were also conferred to LANDBANK’s outstanding digital banking clients and partners who have helped advance digitalization and financial inclusion by leveraging on the Bank’s innovative products and services. Awardees comprise of the Department of Education as Top in eMDS and weAccess Utilization; the Philippine National Police as Top in Link.BizPortal Utilization; Mastercard Transaction Services (Philippines) Inc. as Top Remittance Partner through LBRS (Local); and the Rural Bank of Sipocot (Camarines Sur), Inc. as the Top Agent Banking Partner. (left photo) Lamac Multi-Purpose Cooperative General Manager Elena C. Limocon delivers a message of appreciation to LANDBANK on behalf of all the DIAMOND awardees. (right photo) Executive Secretary Lucas P. Bersamin (rightmost), Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (2nd from right), and LANDBANK President and CEO Lynette V. Ortiz (leftmost) confer the DIAMOND Award to Lamac Multi-Purpose Cooperative. Lamac Multi-Purpose Cooperative General Manager Elena C. Limocon delivered a special message on behalf of all the DIAMOND awardees and thanked LANDBANK for its unwavering support to clients. “Our deepest gratitude to LANDBANK for the trust and support showed to us throughout our institutional journey. This award serves as a reminder that through collaboration, convergence, perseverance and a strong sense of purpose, we can truly make a difference in the lives of our people,” said General Manager Limocon. LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
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 |
