State-run Land Bank of the Philippines (LANDBANK) posted double-digit growth in net income, assets, deposits and capital year-on-year for the nine-month period ending 30 September 2021. The Bank’s net income grew by 21.2% to P16.72 billion from P13.8 billion in the same period last year, due to lower cost of funds and provision for losses. As a result, the Bank is on track to meet its net income target of P19.68 billion by year-end. Total assets went up 13.6% to P2.564 trillion from P2.257 trillion in September 2020. This was propelled by deposits amounting to P2.267 trillion, which expanded by 14.68%. Meanwhile, LANDBANK’s capital significantly rose by 25.77% year-on-year to P208.17 billion from P165.52 billion, attributed to the P27.5 billion equity infusion made by the National Government in February 2021 plus the net income for the year. “LANDBANK has shown remarkable resilience against the economic shocks of the pandemic. As we continue to exceed our year-end targets in total assets and deposits, we are optimistic that the Bank’s overall financial performance will keep in step with the country’s continuing recovery,” said LANDBANK President and CEO Cecilia C. Borromeo. In terms of financial ratios, LANDBANK’s return on equity reached 10.74%, which is well above the industry average of 6.48%. LANDBANK’s financial muscle is driving the fulfillment of its social mandate of providing financial and support services not only to the agriculture sector, but contributing at large to the country’s recovery and development efforts. As of 30 September 2021, LANDBANK’s total outstanding loans to the agriculture sector reached P228.21 billion. The total number of farmers and fishers assisted stood at 2.97 million, closer to reaching the year-end target of three million. LANDBANK strikes a balance in fulfilling its social mandate while remaining financially viable, making it unique among universal banks in the country.
READ MOREThe Land Bank of the Philippines (LANDBANK) was recognized as a Circle of Excellence awardee for innovation and sustainable finance at the 12th Asia CEO Awards, garnering top points among the 514 entries from both government and private-sector organizations. LANDBANK bagged the Most Innovative Company of the Year award for its Agent Banking Program, which forms part of the Bank’s thrust of serving unbanked and underserved Filipinos, especially those living in areas with limited or no bank presence. As of September 2021, the Bank has certified 162 Full-Suite Agent Banking Partners (ABPs) and 660 POS-only ABPs composed of cooperatives, rural banks, local government units, and micro, small and medium enterprises (MSMEs), to provide basic financial services in 45 unbanked municipalities and 131 underserved municipalities. LANDBANK has also tapped over 150 ABPs to co-locate with the Philippine Statistics Authority (PSA) in over 500 registration centers nationwide for the Philippine Identification System (PhilSys), to help onboard unbanked registrants to the formal banking system in support of the National Government’s financial inclusion agenda. The state-run Bank also received the Most Sustainable Company of the Year award for promoting environmentally sustainable programs to address climate-related issues, and for integrating sustainable finance in all aspects of the Bank’s operations. Last year, LANDBANK also made a successful return to the capital markets by generating P5 billion through the maiden Sustainability Bonds offer, designed to finance various loan programs that support sustainable green and social projects. “There is still so much to do as we navigate, recover, and rise from this economic and health crisis. Yet, these recognitions strengthen our spirit to serve with passion and overcome the challenges before us,” said LANDBANK President and CEO Cecilia C. Borromeo. The 2021 Asia CEO Awards is on its 12th year of recognizing outstanding leadership achievements by individuals and organizations in the Philippines and across the Asia-Pacific region.
READ MOREMag-invest na at buksan ang regalo ng Panatag na Bukas para sa’yo at sa Pilipinas! Regaluhan ang sarili ng Panatag na Bukas at mag-invest na sa Retail Treasury Bonds (RTB 26) via Bureau of the Treasury’s website (www.treasury.gov.ph) and settle your payments via the LANDBANK LinkBiz.Portal simula ngayong November 16, 2021 hanggang November 26, 2021. Ang investment mo sa RTB 26 ay maituturing na rin bilang pamana mo sa kinabukasan ng buong Pilipinas. Sa halangang Php5,000.00 lang ay lalago na ang kinabukasan mo, at matutulungan mo pa ang ekonomiya ng bansa! Para sa iba pang detalye, pumunta sa www.treasury.gov.ph.
READ MOREThe Land Bank of the Philippines (LANDBANK) wishes to clarify that the LANDBANK cards being provided for free to unbanked national ID registrants, with no initial deposit required, are not pre-loaded with government subsidy or ‘ayuda’. The statement comes after crowds expecting for financial assistance turned up at various Philippine Identification System (PhilSys) registration centers due to false information circulating online. LANDBANK is co-locating with the Philippine Statistics Authority (PSA) in the PhilSys rollouts nationwide to provide unbanked registrants with their own transaction accounts to bring more Filipinos into the formal banking system in support of the National Government’s financial inclusion agenda. PhilSys registrants without a bank account are encouraged to open a LANDBANK transaction account. The LANDBANK card can be used to conveniently manage funds and make financial transactions such as withdraw and send money, shop and pay bills online, among others. As of 31 October 2021, LANDBANK has onboarded 6.14 million unbanked PhilSys registrants for their own transaction accounts from 1,296 registration sites in 62 provinces nationwide. # LANDBANK: Walang ‘ayuda’ sa PhilSys registration centers Nilinaw ngayon ng Land Bank of the Philippines (LANDBANK) na ang mga LANDBANK cards na ibinibigay nang libre at walang kinakailangang paunang deposito sa mga nag a-apply para sa national ID, ay walang kasamang tulong pinansyal mula sa pamahalaan o ‘ayuda’. Ipinahayag ito ng LANDBANK matapos na dagsain ng mga taong umaasang makakatangap ng ayuda ang iba't-ibang Philippine Identification System (PhilSys) registration centers dahil sa maling impormasyon na kumakalat online. Ang LANDBANK ay nakikipagtulungan sa Philippine Statistics Authority (PSA) para sa sa implementasyon ng PhilSys sa buong bansa upang bigyan ang mga nag-apply para sa national ID na wala pang bank account ng kanilang sariling transaction account. Ito ay upang mas maraming Pilipino ang magkaroon ng access sa iba’t-ibang produkto at serbisyong pampinansyal, at bilang pagsuporta sa layunin ng ating pamahalaan na mas palawakin pa ang financial inclusion sa bansa. Patuloy ding hinihikayat ang mga PhilSys registrants na wala pang bank account na magbukas ng LANDBANK transaction account. Ang LANDBANK card ay maaring gamitin para mas madali ang mag-ipon at gumawa ng pinansiyal na transakyon tulad ng mag-withdraw at magpadala ng pera, mag-shopping at magbayad ng mga babayarin online, at madami pang iba. Nitong ika-31 ng Oktubre 2021, nasa 6.14 milyong PhilSys registrants na ang na-onboard ng LANDBANK makatanggap ng kanilang sariling transaction account mula sa 1,296 registration sites sa 62 probinsya sa buong bansa.
READ MORELagayan Mayor Edmarc L. Crisologo (2nd from left) and LANDBANK Ilocos Sur Lending Center Head Loida Arlene Ringor (3rd from left) lead the signing of a P60-million loan to finance various infrastructure projects for the Municipality. They are joined by Vice Mayor Apolinar Molina, Sr. (4th from left), Municipal Treasurer Jesus B. Dalangin (rightmost), and LANDBANK Account Officer Richard A. Refuerzo (leftmost). LAGAYAN, Abra – The Land Bank of the Philippines (LANDBANK) and the Municipal Government of Lagayan in Abra province recently signed a P60-million loan to finance development projects to boost the local economy. Facilitated by the LANDBANK Ilocos Sur Lending Center, the 15-year term loan will finance the rehabilitation of a municipal road between barangays Pulot and Poblacion, to significantly improve the movement of goods and the public within the municipality. The road serves as the main route linking all four of Lagayan’s barangays and connects the town to other adjacent municipalities. The municipal road is seen to benefit Lagayan’s 4,617 residents, including 850 farmers and 625 fishers, and allows them to travel more safely and efficiently, especially when transporting agricultural goods to markets in nearby municipalities. The road will also support increased tourism activity within the municipality. Local tourist attractions in Lagayan include the caves in Mount Gaco, Lusuac Sprint Resort, and whitewater tubing or bamboo rafting near Ar-Arbis Falls. The P60-million LANDBANK term loan will also cover the purchase of a payloader to be used mainly in dredging the Palsuguan and Tineg rivers traversing Lagayan. This is part of the LGU’s efforts to prevent floods in rice fields and barangays caused by the natural build-up of debris and rising waters resulting from monsoon rains. To further control seasonal flooding, the LGU will also use part of the LANDBANK loan to put up a drainage canal system in Barangay Poblacion to improve water drainage for the health and safety of residents. “LANDBANK remains a ready and able partner of LGUs nationwide for various recovery and development initiatives. We will continue to serve local communities to spur economic activity, growth, and recovery,” said LANDBANK President and CEO Cecilia C. Borromeo. Lagayan Mayor Edmarc L. Crisologo expressed his appreciation for LANDBANK’s financial support, which will also bankroll the construction of a Legislative Building and the rehabilitation of the municipality’s Evacuation Center to be able to accommodate more evacuees, especially during disasters. The Center will also serve as the operations hub for the Municipal Disaster Risk Reduction Management (MDRRM). “May we continue and strengthen our partnership towards the success of every Lagayano’s dream. On behalf of my constituents, I am in deep gratitude for the helping hand extended by LANDBANK and the realization of the vision, dreams, and aspirations that Lagayanos have been longing for a long time now,” said Mayor Crisologo. As of end-October 2021, LANDBANK has extended P62.06 billion in outstanding loans to LGUs nationwide. Of this amount, P22.96 billion financed various agri-aqua projects, including P5.82 billion and P5.23 billion for transportation and health-care initiatives, respectively.
READ MOREThe Land Bank of the Philippines (LANDBANK) has made investing in the Bureau of the Treasury’s (BTr) 26th tranche of Retail Treasury Bonds (RTB-26) more accessible with the LANDBANK Mobile Banking App (MBA). The RTB-26 is a five-and-a-half-year bond with a coupon rate of 4.625% per annum designed for retail investors as a low-risk and higher-yielding savings instrument. Proceeds of the offer that is expected to reach P30 billion will support the National Government’s ongoing pandemic response initiatives and priority projects, among others. Through the LANDBANK MBA, interested investors can purchase RTB-26 for as low as P5,000 and in multiples of P5,000 thereafter in as fast as five minutes. This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. “We are once again inviting the investing public to support the BTr’s latest Retail Treasury Bond offer now made more convenient through LANDBANK’s digital platforms. Investors can purchase this affordable and low-risk investment in five minutes, and at the same time contribute directly to advancing the country’s ongoing economic recovery,” said LANDBANK President and CEO Cecilia C. Borromeo. Investors can also make online placements for RTB-26 through the BTr’s Online Ordering Platform then settle their payments via the LANDBANK Link.BizPortal. Over-the-counter placements are also accepted in all LANDBANK branches nationwide. The offer period for RTB-26 is until 26 November 2021, which includes a bond exchange offer where holders of Fixed-Rate Treasury Notes (FXTNs) 10-54 and 5-74 can swap their holdings for the new bond offering. The RTB-26 follows the RTB-25 issuance last March which raised P463.32 billion, of which LANDBANK generated 27% or a total of P124.39 billion. It also immediately comes after the highly successful first onshore retail dollar bond (RDB) issue in September that raised $1.6 billion for the national government, of which LANDBANK contributed US$205.27 million of total sales. LANDBANK serves as the Joint Lead Issue Manager for the RTB-26 offering, in line with promoting greater financial inclusion and inclusive national development.
READ MOREIn partnership with the Department of Social Welfare and Development (DSWD), the Land Bank of the Philippines (LANDBANK) continues to deliver timely financial assistance as it released P89.45 billion in cash grants that benefitted 6.3 million lowincome families as of the first nine months of 2021. Of the total releases, P82.72 billion in cash grants were distributed to 4.4 million beneficiaries under the government’s Conditional Cash Transfer (CCT) Program, intended to support poor households with children aged 18 years old and below. The remaining P6.73 billion was released to 1.9 million beneficiaries under the DSWD’s Unconditional Cash Transfer (UCT) Program, as part of support interventions in line with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. “LANDBANK remains one with the National Government in the immediate delivery of social protection interventions and much-needed financial relief to vulnerable sectors. Under the whole-of-nation approach, we work closely with the DSWD and other government partners at the forefront of extending responsive and impactful services,” said LANDBANK President and CEO Cecilia C. Borromeo. The Bank also continues to distribute LANDBANK cash cards to CCT and UCT beneficiaries to make receiving and accessing benefits easier and more convenient. The cards can be used for cash withdrawals at LANDBANK ATMs and Agent Banking Partners, and for cashless purchases in groceries and drugstores, among others. As of 30 September 2021, LANDBANK has produced 6.4 million cash cards for this ongoing partnership, of which 4.4 million cards are already being utilized by the beneficiaries. CCT and UCT beneficiaries may also receive their benefits via over-thecounter transactions at LANDBANK branches and through various conduits. LANDBANK is relentless in fulfilling its expanded mandate as the delivery arm for the National Government’s social protection initiatives, in line with serving the Filipino people and the nation at large.
READ MORELANDBANK joins the Philippine Commission on Women (PCW) in observing the 18-Day Campaign to End Violence Against Women (VAW) from November 25 until December 12, 2021. Pursuant to Presidential Proclamation No. 1172, s. 2006, the VAW Campaign supports the National Government’s goal of protecting the human rights of women and girls by upholding its commitment to address all forms of gender-based violence. This year’s slogan, “Filipino Marespeto; Safe Spaces, Kasali Tayo” aims to promote awareness about the Safe Spaces Act (RA 11313 or SSA) as the country continues to fight the COVID-19 pandemic, which breeds various forms of VAW, especially online, with many spending their time in the digital realm. Click here to visit LANDBANK's GAD corner. #VAWFreePH
READ MOREState-run Land Bank of the Philippines’ (LANDBANK) quick and efficient market value assessment of properties has been contributing to speed up the completion of various infrastructure projects under the National Government’s flagship “Build Build Build” program. As of 31 October 2021, LANDBANK has completed the right-of-way appraisals of 19,214 properties nationwide as part of 142 infrastructure projects. Of which, 127 projects are being implemented by the Department of Public Works and Highways (DPWH) covering 7,075 lots, with the 15 remaining projects implemented by the Department of Transportation (DOTr) consisting of 2,565 lots and 9,574 structures or improvements. “LANDBANK fully supports the National Government’s ‘Build Build Build’ program by fast-tracking right-of-way acquisitions. We will continue to contribute to the country’s infrastructure agenda to drive our ongoing economic recovery, geared towards attracting foreign investments and creating more jobs,” said LANDBANK President and CEO Cecilia C. Borromeo. DPWH-implemented projects with properties appraised by LANDBANK include the NLEX-SLEX Connector Road in the City of Manila; the C5 Southlink Expressway in Parañaque City; the Pasig-Marikina River Channel Improvement Project Phase V in Quezon City, Marikina City and San Mateo, Rizal; the Meycauayan-Camalig-Bahay Pari Road Widening in Meycauayan, Bulacan; the Tagaytay Bypass Road in Cavite; and the Alicia-Malangas Road in Zamboanga Sibugay. LANDBANK also facilitated the right-of-way appraisals for DOTr’s North-South Commuter Railway Extension (NSCR-Ex) Project, which include five clusters in Pampanga and Bulacan, one cluster in the City of Manila, and five clusters in Laguna; as well as the Metro Manila Subway Project in Quezon City and Valenzuela City, among others. The Bank is currently conducting appraisals for 68 DPWH projects covering 2,513 lots, as well as four DOTr projects with 999 lots and 2,989 structures or improvements. LANDBANK’s technical assistance in conducting property appraisals for the National Government’s infrastructure projects is part of the Memoranda of Agreement signed with the DPWH on 14 October 2019 and with the DOTr on 28 October 2020, to expedite the acquisition of right-of-way claims. LANDBANK is one with the nation’s infrastructure development agenda towards advancing inclusive and sustainable economic recovery.
READ MOREThe Land Bank of the Philippines (LANDBANK) has partnered anew with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) to grant public utility vehicle (PUV) operators fuel subsidy under the Pantawid Pasada Fuel Program. With a Program fund of P1 billion, the Bank will facilitate the crediting of a one-time subsidy of P7,200 per unit to Pantawid Pasada Fuel cards issued by LANDBANK. This is set to benefit 136,230 eligible PUV franchise holders nationwide. As of 29 November 2021, LANDBANK has credited the fuel subsidy to 83,216 existing Pantawid Pasada Fuel cards, amounting to P599.16 million. The Bank also targets to provide fuel cards to the remaining 53,014 qualified operators throughout the country. The PUV operators can use the Pantawid Pasada Fuel cards powered by LANDBANK to purchase fuel at participating petroleum outlets and gasoline stations. During the virtual launch of the Pantawid Pasada Fuel Program held on 24 November 2021, LANDBANK expressed its commitment to support PUV operators currently facing reduced ridership and the persistent rise of oil prices. “In close collaboration with the DOTr and LTFRB, LANDBANK is focused on the immediate delivery of fuel subsidy to PUV operators for their unhampered deployment. We are one with support interventions to advance the country’s transportation sector, and provide the riding public safe, convenient, and continued transport services in the new normal,” said LANDBANK President and CEO Cecilia C. Borromeo. The Pantawid Pasada Fuel Program builds on the existing Service Contracting Program of DOTr-LTFRB with LANDBANK, which provides cash assistance to PUV operators to offer free rides to frontline healthcare workers and the public affected by quarantine lockdowns. As of 29 November 2021, LANDBANK has delivered a total of P3.74 billion to 50,200 PUV drivers and 383 transport operators under the Service Contracting Program, since its launch in December last year as part of the Bayanihan to Recover as One Act. Meanwhile, for the second phase of the Service Contracting Program launched in September, LANDBANK has already disbursed a total of P2.01 billion to 389 operators of 5,753 PUVs nationwide.
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 |
