The Land Bank of the Philippines (LANDBANK) posted a net income of P25.69 billion in the first three quarters of 2022, for a 54% growth from P16.7 billion year-on-year. The increase in net income was driven by higher interest earnings from loans and investments, boosted by gains from foreign exchange and non-recurring miscellaneous income. This also pushes the Bank closer to meeting its 2022 full-year net income target of P25.71 billion. “The sustained earnings and solid capital base of LANDBANK keeps it in prime position for sustainable growth, which extends to the development sectors that we serve. We will continue to direct our robust loan portfolio to drive support for agriculture alongside other key industries,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s total assets likewise grew to P2.8 trillion or 8% higher than the P2.6 trillion a year ago. This was propelled by deposits amounting to P2.4 trillion, mainly due to deposits from private individuals, local government units (LGUs) and national government agencies. Meanwhile, the Bank’s capital stood at P204.4 billion as of 30 September 2022. Financial ratios also remain at healthy levels, with return on equity at 14.89%, return on assets at 1.15%, and net interest margin at 3.1%. LANDBANK’s sound financial position is furthering its capacity to extend financial support to development sectors, as part of its broader thrust of serving the nation. As of end-September 2022, the state-run Bank’s agri loan portfolio reached P259.2 billion, with a total of 3.36 million small farmers and fishers assisted through LANDBANK’s network of 607 branches, 58 lending centers, 2,899 ATMs, and 970 Agent Banking Partners nationwide.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (6th from left) and other Bank officers welcome Deputy Director General of the Finance Institution Supervision Department Phanthaboun Sayaphet (5th from left) and the rest of the delegates from the Bank of the Lao (BOL) of the Lao People's Democratic Republic (PDR) at the LANDBANK Plaza on 25 October 2022. Delegates from the Bank of the Lao (BOL)—the central bank of the Lao People's Democratic Republic (PDR)—recently visited the Land Bank of the Philippines (LANDBANK) to learn more about the state-run Bank’s operational model for development financing. BOL International Cooperation Department Director General Phengsy Phengmaung praised LANDBANK’s extensive experience and success in providing accessible finance to micro, small, and medium enterprises (MSMEs), with the study visit aimed to enhance BOL’s own Lao Access to Finance Fund (LAFF) Project. LANDBANK shared to the delegates its intensified efforts in supporting key local economic sectors, particularly MSMEs, during the study visit at the LANDBANK Plaza on 25 October 2022. “We hope that our experiences and best practices will serve as valuable inputs to the continual improvement of your lending operations under the Lao Access to Finance Fund Project,” said LANDBANK President and CEO Cecilia C. Borromeo. BOL’s LAFF Project aims to provide MSMEs in Laos expanded access to sustainable and needs-based financial services. Mr. Phanthaboun Sayaphet, Deputy Director General of the Finance Institution Supervision Department and LAFF Project Steering Committee member, led the delegation from BOL, which included other members of the LAFF Project team.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (seated, 2nd from right) pays a courtesy visit to the Governance Commission for GOCCs (GCG) led by Chairperson Alex L. Quiroz (seated, 3rd from right) on 08 November 2022 to express support for GCG’s plans and programs towards the effective management of GOCCs in the country. The Land Bank of the Philippines (LANDBANK) expressed its continued support to the Governance Commission for GOCCs (GCG) in ensuring the delivery of responsive and efficient service of Government-Owned or-Controlled Corporations (GOCCs) to Filipinos. LANDBANK President and CEO Cecilia C. Borromeo met with GCG Chairperson Alex L. Quiroz on 08 November 2022 to explore areas of collaboration, including future plans to further optimize LANDBANK’s organizational structure. Likewise, GCG commended LANDBANK for consistently garnering a high rating on the Corporate Governance Scorecard (CGS) among GOCCs over the years, demonstrating the state-run Bank’s adherence to the highest standards of excellence in public service. Also present in the meeting from GCG were Commissioners Atty. Gideon Mortel and Atty. Geraldine Marie Berberabe-Martinez, Directors Atty. Lovely Joy Avisado and Atty. Johann Carlos Barcena, and from LANDBANK, Executive Vice President Alex A. Lorayes, Senior Vice Presidents Elcid C. Pangilinan, Joselito B. Vallada, Ramon R. Monteloyola, and other officers from the two institutions. LANDBANK currently serves the banking needs of GCG, including payroll service for its employees and convenient digital payment solutions to suppliers through the LANDBANK weAccess, the Bank’s internet banking facility for institutional clients. The Bank maintains a strong corporate governance culture anchored on integrity, transparency, and accountability, as part of its continued commitment to deliver quality financial and support services in serving the nation.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (6th from right) and other Bank officers welcome CEO H.E. Dr. Thach Kao (7th from right), Deputy CEO H.E. Lim Ban (8th from right), and other delegates from the Agricultural and Rural Development Bank (ARDB) of Cambodia, including Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Institute of Development Finance Head Sandra C. Honrado (5th from right), at the LANDBANK Plaza on 24 October 2022. The Land Bank of the Philippines (LANDBANK) recently shared its experiences and best practices in developmental and agricultural finance to delegates from the Agricultural and Rural Development Bank (ARDB) of Cambodia. LANDBANK President and CEO Cecilia C. Borromeo welcomed ARDB CEO H.E. Dr. Thach Kao, Deputy CEO H.E. Lim Ban, and other ARDB delegates, including Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Institute of Development Finance Head Sandra C. Honrado, at the LANDBANK Plaza on 24 October 2022. "We look forward to opportunities of collaborating with the ARDB of Cambodia towards our shared vision of advancing growth and sustainability strategies that will positively impact our countries and Southeast Asia," said President Borromeo. Other LANDBANK officers welcomed the visitors from Cambodia for their study visit, which include Executive Vice President Alex Lorayes, Senior Vice Presidents Ma. Celeste Burgos and Elcid Pangilinan, as well as Vice Presidents Esperanza Martinez and Sandra Daraman. The delegation from Cambodia was also in the country to attend the 45th ADFIAP Annual Meeting on 26 October 2002 at the Conrad Hotel in Pasay City.
READ MOREThe cold storage facility of Argo Cold Storage financed by LANDBANK in Nueva Ecija can accommodate up to 450,000 bags of onions, allowing farmers to increase their production and income. PALAYAN CITY, Nueva Ecija – Some 20,000 onion farmers enjoy bountiful harvests and improved earnings through the cold storage facility financed by the Land Bank of the Philippines (LANDBANK) in this onion-producing province. The storage facility is owned and managed by the Argo Cold Storage, a subsidiary of Argo International Forwarders, Inc. (AIFI), and can accommodate up to 450,000 bags of onions. Farmers from Nueva Ecija and neighboring provinces benefit the most from Argo Cold Storage’s services, which help prolong the shelf life of onion produce and reduces post-harvest losses due to insect infestation. “When I went to Nueva Ecija way back in 2012, I noticed that many onion farmers there were forced to sell their produce to middlemen or traders at a lower price, to avoid the crops from rotting. Now, farmers can increase their onion production and ensure that their produce are in safe custody through our cold storage services,” said Argo Cold Storage and AIFI Chairman Efren Patron Zoleta Jr. LANDBANK has been supporting Argo Cold Storage and AIFI expand its operations since 2017, aimed at helping onion farmers from Nueva Ecija to sell their produce at a competitive market price and thereby generate higher income. The Argo Cold Storage and AIFI also have an existing loan or credit line with the Bank to finance its additional working capital requirements. On top of helping onion farmers, Argo Cold Storage and AIFI contribute to local job generation by employing more than 120 regular workers, porters and sorters, to facilitate the end-to-end operations of the cold storage facility. “LANDBANK is doing its share in boosting the local onion supply by providing accessible credit assistance to onion producers in the country. We will continue to service the requirements of agriculture players towards a food-secure and resilient Philippines,” said LANDBANK President and CEO Cecilia C. Borromeo. Accessible and affordable financing As of 30 September 2022, LANDBANK has approved P1.1 billion in loans to support the production and trading of onion and acquisition of cold storage equipment, with additional loans worth P102.9 million in the pipeline. Onion is a high-value crop that can be financed under the LANDBANK Sulong Saka Program, designed to provide credit assistance to various qualified stakeholders for agribusiness projects that support high-value crops production, processing and marketing. Under the Program, small farmers may borrow up to 90% of the total project cost for a production loan, while a maximum of 80% may be borrowed by small and medium enterprises (SMEs), cooperatives, farmers’ associations and organizations, large agribusiness enterprises and corporations, non-government organizations (NGOs), and countryside financial institutions (CFIs). Eligible borrowers may also avail of up to 80% of the project cost for the acquisition of fixed assets, and up to 85% of the market price of the commodity for commodity loans. Local government units (LGUs) may likewise avail of financial support under the Sulong Saka Program, provided that the loan amount will not exceed their net borrowing capacity, as certified by the Bureau of Local Government Finance (BLGF). Loans for working capital and permanent working capital are payable up to one (1) year and three (3) years, respectively, while loans for fixed assets and construction of facilities are payable based on project cash flow but not more than its economic useful life. The interest is based on market rate, while loans for smallholder farmers shall bear a concessional fixed rate of 5% per annum.
READ MOREPromo Mechanics Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) Promo Period: November 15 - 20, 2022 December 15 - 20, 2022 Promo Period and Promo Offer The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Save your Mastercard debit or credit card on Lazada from November 15 – 20, December 15 – 20, 2022 and get PHP 100 OFF! The promo is valid on regular and sale items at Lazada. Saving credit or debit cards must be made on promo periods indicated from 12:00 am to 11:59 pm Philippine time. Open for up to 2,166 voucher redemptions. Saving credit or debit cards must be done on either the My Account or Lazada Wallet pages only. Cards saved upon checkout will not be eligible for the voucher reward. PHP 100 discount applies for a minimum transaction amount of PHP 1,500, charged to the Mastercard Credit/Debit/Prepaid Card. The discount will be available in the voucher wallet immediately upon saving the card on the Lazada platform. Redemption period of voucher reward is from November 15, 2022 – Feb 20, 2023, December 15, 2022 – March 20, 2022. Voucher is valid for one-time use for transactions at the Lazada mobile app only. Discount will apply when the voucher is selected at the Payment Page and the eligible Mastercard Credit/Debit/Prepaid Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. Card on File Rewards vouchers can be used with other collectible vouchers and voucher codes, except for platform shipping fee vouchers. How to Avail Terms and Conditions Only customers who save their card within the promo period are eligible for card on file rewards. Discount can be used once throughout the valid redemption period. Discount is applicable to all Mastercard cardholders. Voucher can be applied at the checkout only when the customer has met the minimum spend requirement and has selected Mastercard as the payment method. Discount is not exchangeable for cash, credit or other goods and services. Discount cannot be applied retroactively. Discount is not applicable to items marked “Discount not applicable on this item”. All cancelled orders will not be valid for re-instatement of Instant Off discounts. The use of discount is subject to the Lazada Voucher Terms and Conditions. Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact.
READ MORERECEIVE A COMPLIMENTARY ISSUE OF VOGUE PHILIPPINES WHEN YOU SIGN UP FOR A ONE-YEAR SUBSCRIPTION WITH MASTERCARD® Promo Mechanics The promotion is open to all Philippine- issued Mastercard credit, debit and prepaid cardholders only. Purchase a one-year subscription of Vogue Philippines and receive one complimentary regular issue or Vogue’s maiden issue when you pay with your Mastercard from November 11-December 31, 2022. The maiden issue is subject to availability. The free issue will be included in your first months of subscription. The one-year subscription consists of 10 regular issues for only Php 5,950 (excluding shipping fees). This special promo subscription excludes the September 2023 anniversary issue. Visit shop.vogue.ph to avail this special offer. For any questions or clarifications, you may email Vogue Philippines via shop@vogue.ph. For more information, you may also visit link: https://shop.vogue.ph/products/vph-full-year-subscription With Mastercard’s Priceless Planet Coalition™ mission to restore 100 million trees by 2025, 25 trees will be planted for every subscription purchased using your Mastercard® during this promotion period. DTI Per DTI Fair Trade Permit No. FTEB-155266 Series of 2022
READ MORELANDBANK President and CEO Cecilia C. Borromeo (4th from left) and other Bank officers pay a courtesy visit to San Juan City Mayor Francisco Javier M. Zamora (seated) on 09 November 2022, to express support for the LGU’s digitalization and infrastructure projects for the city. SAN JUAN CITY – The Land Bank of the Philippines (LANDBANK) reaffirmed its commitment to the City Government of San Juan in supporting its digitalization and infrastructure development agenda for the welfare of the City’s residents. LANDBANK President and CEO Cecilia C. Borromeo paid a courtesy visit to San Juan City Mayor Francisco Javier M. Zamora on 09 November 2022 to discuss ongoing joint initiatives and explore other opportunities for collaboration to accelerate the City’s growth and development. LANDBANK has financed the LGU’s infrastructure projects over the years, including the construction of its City Hall and the San Juan Medical Center, as well as the acquisition of medical equipment for the healthcare facility. The two principals discussed the possible construction of a local government center in the City to house government offices, sports facilities, and other support services. LANDBANK likewise supports San Juan City’s digitalization thrust by providing secure and reliable digital banking services for the efficient operations of the LGU. These services include digital account management via the LANDBANK weAccess and digital tax payments through the LANDBANK Electronic Tax Payment System (eTPS). The San Juan LGU previously signed a Memorandum of Agreement (MOA) with the Bank to utilize the LANDBANK Link.BizPortal, and will soon be able to provide local residents a safe, reliable, and efficient online payment solution to pay their taxes, permits, and other fees. Also in partnership with the LGU, micro, small and medium enterprises (MSMEs) in the City also conveniently received their LANDBANK Cash Cards loaded with P10,000.00 financial aid under the Pangkabuhayan sa Pagbangon at Ginhawa (PPG) of the Department Trade and Industry (DTI), to help them recover from the adverse effects of the pandemic. Along with other LANDBANK customers, the beneficiaries can transact from the Bank’s four (4) Branches and seven (7) automated teller machines (ATMs) in San Juan City.
READ MORE(seated) LANDBANK President and CEO Cecilia C. Borromeo (3rd from right) meets with COOP NATCCO Partylist Representative Hon. Felimon M. Espares (4th from right) and other partner cooperatives on 10 November 2022 to discuss areas of cooperation to respond to the issues and concerns faced by cooperatives nationwide. Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo received COOP NATCCO Partylist Representative Hon. Felimon M. Espares and other partner cooperatives on 10 November 2022 at the LANDBANK head office, to discuss possible areas of partnership related to legislation to advance the cooperative sector in the country. President Borromeo welcomed the dialogue initiative to further strengthen LANDBANK’s continuing efforts to provide financial and technical assistance to co-ops nationwide. During the group’s courtesy call, LANDBANK discussed available financial support to public transport cooperatives through the SPEED PUV Lending Program, which offers affordable financing for the purchase of more efficient and safer vehicles, in line with the National Government’s Public Utility Vehicle Modernization Program (PUVMP). In partnership with the Department of Transportation (DOTr), the transport co-ops will soon utilize the Automated Fare Collection System (AFCS), to provide commuters convenient and safe cashless payments in Public Utility Vehicles (PUVs). The state-run Bank also proposed collaborative initiatives to support the digital transformation of local cooperatives engaged in other industries, and cited various digitalization benefits by local government partners as examples of trailblazing digital programs. Towards building stronger and more resilient communities, President Borromeo likewise expressed the continued commitment of LANDBANK to provide intensified support to the agriculture sector through co-ops represented by the Partylist group. Rep. Espares was joined in the consultative meeting by Renato G. Dela Cruz, Vice Chairperson of San Dionisio Credit Cooperative; Brian A. Yap, CEO of the Cebu Peoples Cooperative; Edmund B. Cadavona, Chairperson of the National Federation of Transport Cooperatives; Marlene Sindayen, General Manager of Novaliches Development Cooperative and Representative of the National Anti-Poverty Commission, among other co-op partners. Meanwhile, LANDBANK President Borromeo was with Senior Vice President Filipina B. Monje, Vice President Vivian M. Cañonero, and Assistant Vice Presidents Leonardo D. Aurellana, Jr. and Generoso S. David, and Program Officer Gliceria B. Angeles.
READ MOREPromo Mechanics This is to certify that PAL will be running a Mastercard® Sale promotion from Nov 21, 2022 to December 18, 2022 with the following Terms and Conditions as enclosed below Per DTI Fair Trade Permit No. FTEB-155855 Series of 2022: PAL Terms and Conditions Promotion is valid for Philippine Airlines customers purchasing a ticket from November 21, 2022 to December 18, 2022, using a Mastercard® Philippines-Issued Credit or Debit Card for payment. Customer must enter the first six digits of a valid Mastercard® Philippines-Issued debit or credit card number as a promo code in the PAL website or mobile app. Upon doing so, they will be able to purchase discounted tickets up to 20% off exclusive to those who will pay using their Mastercard® Philippines-Issued Credit or Debit Card. Philippine Airlines will pledge to donate $2 for every ticket purchased as part of this promotion to the Priceless Planet Coalition, a sustainability project which plants trees in the Philippines and other countries (https://www.mastercard.us/en-us/vision/corp-responsibility/priceless-planet.html). Partner firms and passengers hold all liabilities for any problems arising from or related to the partner firm’s services/products provided. Passenger agrees to release and discharge PAL, its officers, directors, employees, agents, insurers, reinsurers and other parties-in-interest from any and all known and unknown claims and damages of any nature that may arise from the Partner firms services and products. Promotion available for tickets purchased through PAL website and mobile app. Passenger must provide valid e-mail address for receipt of offers. Passengers are responsible for obtaining and holding all required travel documents and visas and for complying with all applicable laws, rules, and government regulations, and travel requirements for their travel into, through and from Singapore. Passenger agrees that the flight ticket used in availing the promotion is governed by the General Conditions of Carriage and confirms reading the same at https://www.philippineairlines.com/AboutUs/LegalNotices/GeneralConditionsOfCarriage/GeneralConditionsFullVersion . Promo valid for domestic travels On/After November 21, 2022 and international travels On/After February 15, 2023. Blackout Dates: Domestic: 01DEC22-15JAN23/16MAR23-15JUN23/18AUG23-21AUG23/25AUG23-28AUG23/28OCT23-15JAN24 International except US, Canada, Guam: OUTBOUND: 03APR23-06APR23/08APR23-10APR23/27APR23-28APR23 INBOUND: 08APR23-10APR23/30APR23-01MAY23/28OCT23-15JAN24 US, Canada, Guam: OUTBOUND: 07JUL23-17SEP23 INBOUND: 11MAY23-16JUL23 CAB Approval No. 0891-11-10-s.2022 DTI Fair Trade Permit No. FTEB-155855 Series of 2022 ASC Approval No. P104P111822PS
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 |
