LANDBANK cardholders can now withdraw cash and view their account balance free of charge from over 1,500 7-Eleven ATMs in selected areas. Land Bank of the Philippines (LANDBANK) cardholders can now transact at ATMs in selected 7-Eleven convenience stores any time without fees beginning 23 May 2022. Using LANDBANK Cash Cards, Regular ATM Cards, and Debit Cards, LANDBANK cardholders can perform cash withdrawal and balance inquiry for free from over 1,500 7-Eleven ATMs, initially available in Metro Manila, CAMANAVA, CALABARZON, Pampanga, Bataan and Cebu. This innovation to expand the Bank’s touchpoints and reach was made possible through LANDBANK’s recent partnership with Pito Axm Platform, Inc. (PAPI), the operator of 7-Eleven ATMs in the Philippines. “LANDBANK continues to intensify efforts toward advancing greater financial inclusion nationwide. We will extend our network further to expand financial access and provide a convenient banking experience to our customers,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK plans to make available more banking features in the future via the 7-Eleven ATMs, including cash deposits and fund transfers. The state-run Bank also targets to tap a total of 3,000 7-Eleven ATMs nationwide by the end of the year. The addition of 7-Eleven ATMs complements LANDBANK’s own physical network of 678 Branches, 2,810 ATMs, and 58 Lending Centers as of end-April 2022. The partnership forms part of LANDBANK’s commitment to provide wider access to its banking products and services nationwide, in line with serving the development requirements of various key economic sectors.
READ MOREThe Land Bank of the Philippines (LANDBANK) announced that starting 01 June 2022, customers will enjoy significantly lower transaction fees when making online payments using the Link.BizPortal digital payment platform. LANDBANK reduced the LinkBiz transaction fees for LANDBANK and Overseas Filipino Bank (OFBank) ATM Account and Prepaid Cardholders from P15.00 to P7.00 per transaction. Customers who use the LANDBANKPay—LANDBANK’s recently launched all-in-one mobile wallet—will also be charged P7.00 per LinkBiz transaction, with additional P2.00 rebate. Transaction fees using other payment options, except over-the-counter cash and credit card payments, will also be reduced from P25.00 to P17.00. The fee adjustment is in line with LANDBANK’s commitment to provide accessible financial services to meet the diverse and growing needs of customers, and advance financial inclusion in the country. "We continue to encourage our customers to make cashless payments in a convenient, safe and cost-effective manner. The lowered LinkBiz transaction rates form part of LANDBANK’s contribution towards building a cash-lite society,” said LANDBANK President and CEO Cecilia C. Borromeo. The Link.BizPortal is LANDBANK’s web-based payment channel that allows clients to pay for products and services online to over 870 government and private partner merchants nationwide. The use of LANDBANK’s digital channels continues to rise as more customers perform their banking and financial transactions online. For the first three months of 2022, the LANDBANK Link.BizPortal facilitated 660,490 transactions with value of P1.39 billion, representing increases of 37% and 41%, respectively, year-on-year. LANDBANK’s digital transformation fully supports the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MORE(left photo) LANDBANK President and CEO Cecilia C. Borromeo (4th from left), Executive Vice Presidents Julio D. Climaco, Jr. (3rd from left) and Liduvino S. Geron (leftmost), and Senior Vice President Randolph L. Montesa (7th from left), lead the unveiling of the official marker of the LANDBANK Cavite Corporate Center on 20 May 2022. (right photo) The corporate center located along Emilio Aguinaldo Highway in Brgy. San Agustin 2, Dasmariñas City, houses LANDBANK’s major touchpoints and offices to provide Caviteños convenient access to a wide array of banking and financial services.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (2nd from left) receives the 2021 UPAA Distinguished Alumni Award for corporate governance in banking and finance from UP Alumni Regent and UPAA President Reynaldo Laserna (3rd from left), UP Vice President for Public Affairs Elena Pernia (leftmost), and UPAA Board Member Romeo Nones (rightmost). (Photo courtesy of UPAA). Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo was recognized as a distinguished alumnus awardee for corporate governance in banking and finance by the University of the Philippines Alumni Association (UPAA). Borromeo received the recognition for her career achievements from UP Alumni Regent and UPAA President Reynaldo Laserna, UP Vice President for Public Affairs Elena Pernia, and UPAA Board Member Romeo Nones on 19 May 2022 during the UPAA Distinguished Alumni Awards celebration. The annual award ceremony honors graduates of the State University for their outstanding achievements in their respective fields of specialization and service. Borromeo completed her Bachelor of Science degree in Agribusiness from the University of the Philippines Los Baños. She holds the distinction of being the only banker to ever hold the presidency of two government financial institutions—LANDBANK and the Development Bank of the Philippines (DBP). Since being appointed as President and CEO of LANDBANK in March 2019, Borromeo has steered the Bank’s intensified support to small farmers and fishers, further solidifying the Bank’s position as the biggest lender to the agriculture sector. LANDBANK’s reach to small farmers and fishers expanded by 270% from 889,669 in June 2019 to 3.29 million as of April 2022. Total agri loan portfolio likewise consistently grew from P236.31 billion in 2019 to P247.85 billion in 2021. Borromeo spearheaded the expansion of LANDBANK’s development thrust to serve other key sectors in support of the Government’s financial inclusion drive, while becoming the country’s second largest bank in terms of assets and deposits. LANDBANK serves as the delivery arm for cash grants for 10 million beneficiaries of the Conditional Cash Transfer and Unconditional Cash Transfer Programs of the DSWD. It also served as conduit for various amelioration especially under the Bayanihan-related programs during the pandemic. Under Borromeo’s leadership, LANDBANK has maintained its dominance as the biggest development partner of the LGU sector towards inclusive and sustainable local development, with all LGUs nationwide maintaining deposit accounts with the state-run Bank. LANDBANK is providing unbanked Philippine Identification System (PhilSys) registrants with transaction accounts. As of April 2022, the Bank has onboarded almost 8 million previously unbanked Filipinos. Borromeo has also led LANDBANK’s digitalization geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers. In 2021, the Bank’s major digital platforms recorded a surge in utilization equivalent to a 19% growth in transactions facilitated and 46% in value. It was also during Borromeo’s term that the Overseas Filipino Bank (OFBank)—a LANDBANK subsidiary—was established as a digital-only and branchless bank – the first Digital Bank in the Philippines. It caters to Overseas Filipino Workers (OFWs), overseas Filipinos, and their beneficiaries. Borromeo’s banking career spans 30 years in agricultural and development lending, treasury and investment banking, public sector lending, corporate banking, global banking, wholesale banking and lending program management.
READ MOREThe Land Bank of the Philippines (LANDBANK) is tapping branches of UCPB Savings Bank (USB) nationwide to serve as Agent Banking Partners in remote and underserved areas, as part of its mandate to advance greater financial inclusion in the country. A total of 57 USB branches are set to be onboarded as LANDBANK Agent Banking Partners by June 2022, of which 20 USB branches are operating in communities without any LANDBANK branch. As LANDBANK Agent Banking Partners, USB Branches will offer card sale, cash-in, cash-out, fund transfer, and bills payment services, allowing customers to enjoy lower transaction costs, improved access to financial services, greater convenience, and potentially lower travel expenses. Beneficiaries of the National Government’s Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) Programs can also withdraw their cash grants through the LANDBANK Agent Banking Partners. "Through the Agent Banking Program, LANDBANK is able to better serve its mandated sectors, particularly those in unbanked and underserved communities where financial services are scarce. We are bringing more Filipinos into the financial mainstream to foster greater financial inclusion across the nation," LANDBANK President and CEO Cecilia C. Borromeo said. As of 31 March 2022, LANDBANK has a total of 907 Agent Banking Partners nationwide. These include client cooperatives, associations, rural banks, local government units, small and medium enterprises, gasoline stations, and private entities. From January to March 2022, a total of 1.3 million transactions amounting to P4.6 million were facilitated by LANDBANK Agent Banking Partners. The LANDBANK Agent Banking Program is in compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, wherein banks are allowed to serve customers through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand its reach and serve customers more efficiently.
READ MOREAssistance from LANDBANK allowed Laconon 100 Multi-Purpose Cooperative (LMPC) to overcome financial losses. The T’boli based co-op now manages a 1,000 hectares of pineapple plantation in South Cotabato with an average annual production of 40,000 to 50,000 tons. T’BOLI, South Cotabato – The unexpected closure of its anchor firm and primary pineapple produce buyer pushed the Laconon 100 Multi-Purpose Cooperative (LMPC) to the brink of financial collapse in 2003. The cooperative struggled to recover and improve its operations in the years thereafter, forcing several members to pull their capital share out of the organization. In 2017, LMPC was given a fresh start after availing of a series of loans from the Land Bank of the Philippines (LANDBANK), which were used to expand the co-op’s operations and acquire needed farm machinery, including four trucks, one tractor, one tractor implement and one service monitoring vehicle. Finally, with the support from LANDBANK, the cooperative was able to bounce back from previous losses and started gaining new members. In a bid to further expand its operations in the municipalities of T’boli, Surallah, Lake Sebu, and Banga, and to accommodate pineapple farmers who have yet to access financing from the Bank, the co-op renewed a P160-million loan line which was further increased to P200 million in 2020. LMPC was also granted a P7-million term loan for the purchase of five hauling trucks to address the increasing logistics requirements, especially during the harvest season. The co-op availed of another P5-million loan from LANDBANK as working capital for cassava trading operations to support members who have not qualified for the pineapple growership program of its anchor firm. From a struggling cooperative managing 300 hectares of farmland with 150 members, LMPC has since expanded its area of production to 1,000 hectares with 1,187 co-op members. Since 2017, the timely credit of LANDBANK allowed LMPC to post steady growth in net income with an average production of 40,000 to 50,000 tons of pineapples per year—assisting the co-op to weather the economic challenges of the global pandemic. “Hindi kami iniwan ng LANDBANK sa panahon na kailangan namin ng suporta. Nandiyan ang LANDBANK bilang aming kaagapay para makabangon sa pagkakalugmok sa mga nakalipas na pagsubok. Nakabili kami ng mga makinarya at nakapagbigay ng hanapbuhay sa aming mga miyembro at pamilya,” said LMPC Chairperson Rhoda O. Pecadizo. LANDBANK’s relationship with LMPC continues to expand, after the co-op was certified in December 2021 as one of the Bank’s Agent Banking Partners, offering basic banking services to unbanked and underserved communities. As an accredited full-suite Agent Banking Partner, LMPC provides cash-out, cash-in, fund transfers, and bills payment services on behalf of LANDBANK, and facilitates the opening and issuance of LANDBANK Agent Banking Cards. This arrangement provides LANDBANK customers in T’boli with improved access to financial services and lower transaction costs, which is reflective of the Bank’s steadfast commitment to advancing financial inclusion in South Cotabato and the country as a whole. As LMPC celebrates its 25th anniversary this year, the co-op is looking to avail of additional term loans from LANDBANK to support its expansion plans. These include the acquisition of two tractors and the construction of a new office building and logistics facility with a gas station. LPMC is only one of the many agricultural cooperatives supported by LANDBANK nationwide, as part of its main thrust of serving the nation. As of 31 March 2022, LANDBANK’s outstanding loans to cooperatives nationwide have reached P57.66 billion.
READ MORELANDBANK joins the Philippine Deposit Insurance Corporation (PDIC) in celebrating the 20th Depositor Protection and Awareness Week (DPAW). Pursuant to Proclamation No. 358, issued in 2003, DPAW is annually observed every 16 to 22 June to strengthen the protection of small, unsophisticated depositors and complement the government’s thrust for sustained economic growth and development. As we celebrate the 20th DPAW, may we be empowered by the theme, “Deposito sa Bangko, Katuwang sa Pag-asenso.” #BankingOnTheFilipinoSpirit #ServingTheNation
READ MORE(left photo) LANDBANK President and CEO Cecilia C. Borromeo (3rd from left) and Pagadian City Mayor Samuel S. Co (4th from left) lead the inauguration of the LANDBANK Pagadian-Balintawak Branch in Brgy. Balintawak, Pagadian City on 26 May 2022. Joining them are LANDBANK Director Jaime L. Miralles (2nd from left), Executive Vice President Julio D. Climaco, Jr. (5th from left), Senior Vice President Charlotte I. Conde (rightmost), and Vice President Lina K. Pacio (leftmost). PAGADIAN CITY, Zamboanga del Sur – The Land Bank of the Philippines (LANDBANK) officially inaugurated its newest branch in Pagadian City, the first of 15 new branches that the state-run Bank is set to open in 2022. The LANDBANK Pagadian-Balintawak Branch is located at the President Corazon C. Aquino Regional Government Center in Brgy. Balintawak, and will provide banking services to at least 50 regional government agencies, as well as various business establishments and private customers. The new branch complements the operations of the LANDBANK Pagadian Branch located in Santiago District, and will assist in servicing depositors from over 300 combined barangays of Pagadian City and seven nearby municipalities, namely San Miguel, Lakewood, Tigbao, Vincenzo Sagun, Dinas, Tabina, and Margosatubig. The two onsite automated teller machines (ATMs) of the LANDBANK Pagadian-Balintawak Branch will also help facilitate cash payouts for over 71,000 beneficiaries of the Conditional and Unconditional Cash Transfer programs of the Department of Social Welfare and Development (DSWD) in the area. LANDBANK President and CEO Cecilia C. Borromeo and Pagadian City Mayor Samuel S. Co led the inauguration rites for the LANDBANK Pagadian-Balintawak Branch on 26 May 2022. They were joined by LANDBANK officials, namely Director Jaime L. Miralles, Executive Vice President Julio D. Climaco, Jr., Senior Vice President Charlotte I. Conde, and Vice President Lina K. Pacio. “Our new LANDBANK branch in Pagadian reflects our unwavering support to the development of the City and the whole Province of Zamboanga del Sur. We will continue to provide greater banking convenience and accessibility to our growing customers in the Province,” said President and CEO Borromeo. Mayor Co thanked LANDBANK for opening the Pagadian-Balintawak Branch to help sustain future developments in the regional center. “Your presence here gives us more confidence, gives us great relief that sooner or later, this regional center will continue to develop and expand,” he said. LANDBANK now operates a total of five branches and a lending center in Zamboanga del Sur. This is complemented by 29 ATMs and three cash deposit machines (CDMs) spread across the Province. The state-run Bank is targeting to open 14 more branches and branch-lite units in key strategic areas nationwide before the year ends, including 230 new ATMs and 50 CDMs. To widen its reach in unbanked and underserved communities, LANDBANK is also gearing up to onboard 24 new Agent Banking Partners (ABPs) and install additional 120 point-of-sale (POS) terminals under its Agent Banking Program. LANDBANK is the only bank present in all 81 provinces in the country with a total of 607 branches and 58 lending centers as of 31 May 2022, servicing the requirements of a diverse customer base, including unbanked and underserved areas.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (2nd from right) and MULTISYS President and CEO David L. Almirol, Jr. (3rd from right) sign a Memorandum of Agreement on 24 May 2022 for the integration of LANDBANKPay and Smart City App to facilitate digital payment and collection for local fees and charges. Witnessing the signing are LANDBANK Senior Vice President Randolph L. Montesa (rightmost) and MULTISYS e-Government Head Lyka Pelonio (leftmost). The Land Bank of the Philippines (LANDBANK) has partnered with software solutions firm MULTISYS Technologies Corporation to provide local government units (LGUs) with an efficient digital payment and collection solution for local fees and charges. Under the partnership, the state-run Bank’s all-in-one mobile wallet LANDBANKPay will be integrated with MULTISYS’ Smart City App, to allow residents to settle their financial obligations to LGUs without visiting the local offices. These financial obligations include payments for real property tax, business tax, community tax certificate, local civil registry, health and business permits, and licenses. LANDBANK President and CEO Cecilia C. Borromeo and MULTISYS President and CEO David L. Almirol, Jr. led the ceremonial signing of the Memorandum of Agreement (MOA) on 24 May 2022 at the LANDBANK Plaza in Malate, Manila to formalize the partnership. They were joined by LANDBANK Senior Vice President Randolph L. Montesa and MULTISYS e-Government Head Lyka Pelonio. “The integration of LANDBANKPay and the Smart City App will help boost LGU collection rates and generate operational cost savings in the long run. More importantly, we will be providing greater convenience and security to residents when settling local government fees,” said LANDBANK President and CEO Borromeo. MULTISYS President and CEO Almirol said that the Smart City App is now being utilized in 75 LGUs nationwide, with the firm set to expand its deployment this year. The MOA also covers the integration of the LANDBANKPay with other similar applications that the MULTISYS may develop in the future, wherein the LANDBANK app will function as the primary electronic wallet of the MULTISYS-developed applications. “We believe that this initiative is very vital not only on a local scale but also on a national scale. And we know that LANDBANK is our key partner to really accomplish this,” said MULTISYS President and CEO Almirol. LANDBANK’s partnership with MULTISYS builds on its broader thrust of serving the nation through the delivery of innovative financial products and services powered by digital banking platforms. From January to March 2022, LANDBANK facilitated a total of 39.14 million transactions amounting to P567.61 billion through its major digital banking channels.
READ MOREThe Land Bank of the Philippines (LANDBANK) is rolling out a P1-billion lending program to empower countryside financial institutions (CFIs) to digitalize their banking operations to reach and service more underserved and unbanked Filipinos. Through the Digitalization of Countryside Financial Institutions (DIGI-CFI) Lending Program, LANDBANK will finance digitalization projects, including payment for subscription or licensing fee for commercial software or outsource information technology (IT) systems. Under the Program, LANDBANK can also finance the acquisition of hardware or computer equipment and purchase or development of commercial software, application, or system, including maintenance and support. LANDBANK President and CEO Cecilia C. Borromeo highlighted the importance of digital transformation for CFIs to remain resilient and relevant amid the evolving banking landscape, during the 69th Annual National Convention and General Membership Meeting of the Rural Bankers Association of the Philippines (RBAP) on 27 May 2022 in Dapitan City, Zamboanga del Norte. “LANDBANK aims to boost the capacity of rural banks to contribute to the digitalization wave. The possiblities for growth are endless, with the end goal of promoting financial inclusion and providing innovative and responsive digital financial services,” said President Borromeo. Under the DIGI-CFI Lending Program, rural, thrift and cooperative banks can borrow up to 80% of their total project cost with an interest rate of 5% per year for term loans, fixed for the first year and subject to re-pricing thereafter, and payable up to five (5) years. For short-term loans, the prevailing rate of LANDBANK at the time of availment applies, but not lower than 5% per annum, payable up to one (1) year, and available via a 180-day Promissory Note. As of end-April 2022, LANDBANK’s outstanding loans reached P9.66 billion in support of 88 rural financial institutions nationwide, underscoring the Bank’s steadfast commitment to advance financial inclusion and countryside development. Interested borrowers of the DIGI-CFI Lending Program may contact the nearest LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
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 |
