INTRAMUROS, Manila – The Land Bank of the Philippines (LANDBANK) officially inaugurated today, 14 February 2023, a three-story learning facility that will host in-house learning and development programs for its personnel. This forms part of the Bank’s efforts to ensure that Landbankers consistently exemplify the highest standards of service excellence. Located along Cabildo Street in Intramuros, Manila, the LANDBANK Leadership and Development Center (LLDC) will provide a conducive environment for learning, with nine training rooms that can accommodate over 200 participants. The center also features a lodging facility for the Bank’s employees coming from outside Metro Manila, and additional rooms dedicated for program trainers and facilitators. The inauguration of the LLDC is one of the Bank’s major activities leading up to its 60th anniversary of serving the nation on 8 August 2023.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and LSI Chairman and LANDBANK Executive Vice President Liduvino S. Geron (4th from left) lead the ribbon-cutting ceremony for the new office of the Land Bank Securities, Inc. (LSI) at the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig City on 26 January 2023. Joining them are LANDBANK Executive Vice Presidents Alex A. Lorayes (leftmost) and Carel D. Halog (5th from left), First Vice President Atty. Roderick P. Sacro (rightmost), and LSI Officer-in-Charge Atty. Florence R. Claveria (2nd from left). The Land Bank Securities, Incorporated (LSI) held a blessing and ribbon-cutting ceremony for its new office at the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig City on 26 January 2023, as it positions to become a major player in the Philippine capital markets. Formerly UCPB Securities, Incorporated, LSI is now the wholly-owned official stock brokerage subsidiary of the Land Bank of the Philippines (LANDBANK) following the merger last year of the former United Coconut Planters Bank (UCPB) with LANDBANK. LANDBANK President and CEO Cecilia Cayosa Borromeo alongside LSI Chairman and LANDBANK Executive Vice President Liduvino S. Geron led the office blessing. They were joined by LANDBANK Executive Vice Presidents Alex A. Lorayes and Carel D. Halog, First Vice President Atty. Roderick P. Sacro, and LSI Officer-in-Charge Atty. Florence R. Claveria, among other LANDBANK and LSI officers. “We have high hopes for LSI and its potential to capture a bigger share of the market. As its mother bank, LANDBANK will support the expansion of LSI’s operations as it grows to be a serious player in the capital markets,” said President Borromeo. LSI connects investors to the Philippine stock market and provides an array of services to invest in listed stocks of companies at the Philippine Stock Exchange. The stock brokerage company offers services such as traditional or broker-assisted trading, online trading, and lodgement and upliftment of securities. LSI uses the MyStocks online stock trading portal, which allows investors to conveniently buy, sell, and trade stocks online. The company also facilitates Stock Market 101 seminars monthly for interested participants who want to know more about how to grow their investments in the stock market.
READ MOREState-run Land Bank of the Philippines (LANDBANK) continues to pour significant financial support to the agriculture sector, with outstanding loans reaching P261.7 billion as of 31 December 2022 for a 5.5% year-on-year growth from P247.9 billion in 2021. LANDBANK’s outstanding loans to the agriculture sector likewise sustained its upward trajectory with an average growth rate of 10.4% from 2012 to 2022. “LANDBANK continues to service the growth requirements of all players in the agribusiness value chain, making it the biggest lender to the agriculture sector. We remain committed to delivering timely and accessible credit to boost economic activities in the countryside and the country’s overall food production,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Of the total P261.7 billion agri loans, P46.6 billion directly benefited small farmers and fishers, including those which were channeled through cooperatives, farmers’ associations, rural financial institutions, and other conduits. Meanwhile, a total of P166.8 billion supported small, medium, and large agribusiness enterprises, while P48.3 billion backed the agri-aqua-related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). In terms of economic activities, financing for livestock and crop production accounted for P66.5 billion of the Bank’s total agri loans, while P107.4 billion was channeled to agri-processing and trading. The remaining P87.8 billion was used to finance other support services, including the construction and improvement of farm-to-market roads, public markets, irrigation systems, and cold storages, among others. More farmers and fishers assisted LANDBANK’s intensified support to the agriculture sector has translated to 3.5 million farmers and fishers assisted nationwide. More than 766,000 or 22% of these came from the 20 poorest provinces in the country, further advancing its efforts to promote inclusive and sustainable development. Meanwhile, the top provinces with the highest number of beneficiaries assisted by the Bank are Nueva Ecija, Maguindanao, Bohol, Leyte, Pangasinan, Cotabato, Isabela, Cagayan, South Cotabato, and Ilocos Sur. For 2023, the Bank is targeting to increase the number of small farmers and fishers cumulatively assisted to 3.6 million, among other key players in the agri-business value chain. LANDBANK is also partnering with the Department of Agriculture (DA) and the Department of Agrarian Reform (DAR) to reach and serve more farmers and fishers. As of end-December 2022, the Bank’s cumulative loan releases under the programs jointly implemented with DA have reached P15.3 billion to support over 252,000 borrowers. The Bank also released P751.7 million to 229 agrarian reform beneficiaries’ organizations (ARBOs) under the programs it jointly implements with DAR. LANDBANK is likewise working with LGUs nationwide for the construction and rehabilitation of infrastructure projects crucial to creating an efficient agriculture value chain. These include financing for the construction of 953.7 kilometers of farm-to-market roads, 4.5 kilometers of bridges, 50 public markets, and 14 irrigation systems, among others, from January to December 2022 alone.
READ MOREMerchant Terms & Conditions 1. The promo will run from 1 February to 15 March 2023. 2. The following are qualified to avail of the promo: a. Fully-verified new and returning Atome users with a linked Visa credit or debit card on their Atome app b. User must use a linked Visa credit or debit card upon checkout. 3. Qualified users are entitled to the following discount vouchers valid on participating Atome merchants: a. New Atome users – P700 off, minimum spend of P2,500 b. Existing Atome users – P500 off, minimum spend of P2,500 4. To redeem the discount, follow these steps: a. Launch the Atome app. b. Link your valid Visa Credit or Debit card into the app. c. Go to the Vouchers Center and claim the Visa voucher. d. Select your preferred merchant from the list of merchants on the Homepage. e. Browse for items and add to cart. f. Upon checkout, select Atome as the payment method. - In-store: Scan Atome QR at the counter and input the amount to settle. - Web/Desktop: Scan Atome QR on your screen. Proceed to next step. - Mobile Web/App: Proceed to next step. g. Select the Visa voucher to enjoy the discount. h. The discount will automatically be applied during checkout when using a Visa card upon payment. i. On the Confirmation Page, tap “Pay”. j. Complete the checkout process. 5. This promo is applicable to unique and valid verified Atome accounts only. Multiple transactions/payments made from the same device using different mobile numbers will not be considered valid. 6. Users with duplicate accounts or who are blacklisted cannot participate in this promo. 7. Purchases made from the merchants listed below are not qualified for this promo: a. Zalora b. Patpat c. Musso d. Under Armour e. Qi Shop f. Agoda g. Klook 8. Atome reserves the right to refuse the awarding of voucher discounts to accounts that are proven to be invalid or fraudulent (i.e. abuse of system or weakness in the promo to receive benefits). 9. Atome reserves the right to withdraw cashback or rewards to invalid accounts even if the user has already received the cashback or benefit. 10. Should the qualified transaction be cancelled or declined, whether the cancellation is customer- or merchant-initiated, Atome reserves the right to withdraw the cashback or rewards equivalent to the cancelled payment transaction, even if the discount has already been credited. Atome reserves the right to debit any points/cash reward credited from your balance. If your balance is insufficient to cover the amount to be withdrawn at the time of withdrawal, Atome reserves the right to debit the balance not withdrawn when your balance is sufficient. 11. Atome users who have exceeded their monthly aggregate limits may not successfully make the purchase using the discount code. 12. The customer must notify Atome for any complaints regarding the promo. The decision of Atome on the complaint with concurrence of DTI-FTEB shall be considered final. For clarifications and complaints relative to this promo, please email support@atome.ph. Per DTI Fair Trade Permit No. FTEB-159975 Series of 2023.
READ MORELANDBANK helped Isabela corn farmer Levy Mateo turn down private lenders with unfair terms. She now enjoys an affordable interest rate of only 2% per annum under the ACEF Lending Program, allowing her to save for the future and provide a more comfortable life for her family. ILAGAN CITY, Isabela – Born to a family of farmers in the remote barangay of Sindun Bayabo, corn farmer Levy Mateo learned about the value of hard work at a young age. Levy started helping out in their corn fields as a young student and eventually became a full-time farmer. She relied on the three-hectare corn field she inherited from her parents as a means to support her own family, especially in raising her three children. But despite Levy’s diligence over the years, she struggled to enjoy her earnings and save for her family’s future, as she had to allocate a large portion of her income to pay the hefty interest from loans she regularly availed from a private lender. For 12 years, Levy turned to a nearby rice and corn mill that offered loans to farmers in order to sustain her corn production. The mill charged an interest rate of 30% per annum, and as a condition to avail of a loan, required borrowers to sell all of their produce to the mill at a low price—leaving Levy and other farmers with little profit. “’Yung panggastos sana para sa pangangailangan ng aming pamilya, ibabayad pa namin sa napakalaking porsyento ng interes. Pati ang presyo ng mais na ibebenta, sila [rice mill] rin ang nag-didikta,” said Levy. At the height of the Covid-19 pandemic in 2020, Levy’s income decreased further due to the limited movement of goods and strict imposition of lockdowns in the area. She was then faced with a grim circumstance: if she continued to avail of high-interest loans from the mill, there will be almost nothing left for her family and their daily expenses. LANDBANK support It was during this time that Levy was encouraged by a fellow farmer to avail of a loan under the Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program offered by the Land Bank of the Philippines (LANDBANK) and the Department of Agriculture (DA). “Nung nakahiram ako sa LANDBANK, hindi na ako lumipat sa iba. Sa LANDBANK na ako laging lumalapit para sa aming mga pangangailangan sa sakahan. Napakaganda talaga dahil ang baba ng interes ng ACEF,” said Levy. Under the Program, Levy availed of an initial loan for working capital amounting to P120,000—which has since grown to P600,000—for the purchase of farm inputs such as seedlings and fertilizers. With the Program’s affordable interest rate of only 2% per annum, Levy was able to provide a more comfortable life for her family while repaying her loan on time. She was also free to choose a buyer in the market who can offer the best price for her produce, which can reach as high as P1,000 per cavan, multiplied by Levy’s average yield of 400 cavans per harvest. Banking on her good experience as a borrower, she has encouraged fellow farmers to seek assistance from LANDBANK to finance their production, including her own daughter, who likewise ventured into farming. “Ang laki ng pasasalamat ko sa LANDBANK dahil talagang umunlad at guminhawa ang aming pamumuhay. Hindi na kami nagigipit sa pagbabayad ng interes,” she added. Under the ACEF Lending Program, farmers, fishers, their cooperatives and associations, as well as micro and small enterprises (MSEs) can borrow funds from LANDBANK to boost their agricultural productivity. Farmers and fishers can borrow up to P1 million while cooperatives, associations, and MSEs may avail of loans up to P5 million for the purchase of farm inputs and equipment, as well as the acquisition or establishment of agri-based production and processing machineries, equipment, and facilities, among others. LANDBANK has released a total of P9.2 billion in loans under the ACEF Lending Program in support of over 38,900 borrowers composed of small farmers and fishers, cooperatives, and MSMEs nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) joins the Philippine Commission on Women (PCW) in celebrating National Women's Month this March 2023 with the theme, "WE for gender equality and inclusive society," pursuant to Proclamation No. 224, s. 1988. The theme focuses on emphasizing the need for compassionate and harmonized networks toward gender equality and women’s empowerment. ? As we support this celebration, we encourage everyone to use the official Facebook profile frame which can be accessed here: https://twb.nz/2023nwmc #WEcanbeEquALL #NWMC2023 #ServingTheNation #BankingOnTheFilipinoSpirit
READ MOREThe MB Jordan Ferry 2 is one of four modernized vessels of the Guimaras Island Transport Multipurpose Cooperative (GITMPC) financed by LANDBANK that ply the Guimaras-Iloilo route and vice versa. The vessel features spacious seats, wide windows, modern facilities, and can carry up to 80 passengers per trip. GUIMARAS – A little past noon of 03 August 2019, Saturday, the biggest sea mishap in this island’s history came about off Iloilo Strait that claimed the lives of 31 people, which included students, teachers, and tourists. They were onboard three passenger pump boats travelling from the Parola Wharf in Iloilo City to the towns of Jordan and Buenavista in Guimaras. Local accounts described the sea waters that day as calm coupled with fine weather, until suddenly, the clouds turned gray and strong gusts of wind battered and capsized the vessels. This tragedy still haunts local folks today as they talk about it in random daily conversations, still gripped in fear and grief. The tragic incident raised serious concerns on the safety of wooden-hulled pump boats as the means of transportation going to and from Guimaras and Iloilo. More importantly, it prompted operators to comply with the prior circular issued by the Maritime Industry Authority (MARINA) for the phase-out of wooden-hulled vessels, and to shift to steel or fiberglass-hulled ferry boats with modern and improved designs and materials. This drove the Guimaras Island Transport Multipurpose Cooperative (GITMPC), formerly Jordan Motor Banca Cooperative (JMBC), to tap the assistance of the Land Bank of the Philippines (LANDBANK) for the acquisition of four brand new fiberglass passenger boats that can accommodate about 60 to 80 passengers per trip. Apart from keeping maritime transport safe, the LANDBANK-financed vessels have helped to provide a sustainable source of income to over 50 members of the co-op who were previously operating pump boats. “We have so many plans and opportunities to expand the operations of the cooperative, including venturing into the tourism industry, but we lack working capital. That’s why we really appreciate the financial assistance that LANDBANK has been extending to us. We thank them for helping us shoulder our funding needs,” said GITMPC Chair Paglaum S. Villanueva. Due to the mobility restrictions during the COVID-19 pandemic, the co-op’s P20-million loan from LANDBANK in 2020 yielded results only in January 2021 when the ferry boats commenced operations to service an average of 8,000 passengers daily. Safer and more comfortable maritime transport Wendys Marie Erpelua, a public school teacher from Guimaras, is one of the frequent travelers of the Guimaras-Iloilo route. Her co-teacher was among the victims of the tragic sea mishap in 2019. Before GITMPC operated the modern ferry boats, Wendys regularly braved the sea via wooden-hulled pump boats to reach the town of Barotac Nuevo in Iloilo where she teaches. Together with other passengers and bulky cargos, she needed to fit her body in the narrow space of the boat, with limited ventilation and a roof made of tarpaulin for sunlight and rain protection. Wendys Marie Erpelua (rightmost), a public school teacher from Guimaras, now enjoys a comfortable and safer sea travel to reach the town of Barotac Nuevo in the Province of Iloilo. Today, her day-to-day travel is more convenient with spacious seats, wide windows, and modern facilities. She feels more comfortable and safer when traveling from Guimaras to Iloilo and back, from Mondays to Fridays, to fulfill her chosen profession. “Before, nahihirapan ako sa biyahe kasi siksikan at mahirap huminga dahil sa trapal. Ngayon, hindi mo mafi-feel ‘yung pagod kasi maluwag na, merong bintana at malinis. Siguro kung ano ‘yung comfort na nafi-feel ko, ganon din ‘yung nararamdaman ng ibang mga pasahero,” said Wendys. On top of providing a safe and comfortable ride to passengers, the operations of GITMPC has been helping the province to revive its tourism industry, which was weighed down by the sea tragedy and the pandemic. The co-op’s new fleet has also made mobility and movement of goods for small-scale enterprises in Guimaras easier, for improved income which contributes to the local economy. LANDBANK has always considered cooperatives as valuable partners in nation-building, in line with the Bank’s expanded mandate of providing responsive services beyond banking to all clients, publics, and stakeholders. As of 31 January 2023, LANDBANK’s outstanding loans to the cooperative sector have reached P66.6 billion, benefiting over 1,360 co-ops nationwide.
READ MOREIn support of the government’s Public Utility Vehicle (PUV) modernization program led by the Department of Transportation (DOTr) and Land Transportation Franchising and Regulatory Board (LTFRB), the Land Bank of the Philippines (LANDBANK) assured transport groups of accessible and affordable financing to help them make the shift to safer and more efficient vehicles. “LANDBANK continues to extend much-needed financial support to assist drivers and operators upgrade their fleet, in line with the National Government’s transport modernization agenda. We remain committed to the improvement of the country’s public transport system for the benefit of both transport operators and the riding public,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Through the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) Program, LANDBANK has approved P6.9 billion in loans to 144 transport cooperatives and corporations nationwide for the purchase of over 3,120 modern jeepneys as of 31 January 2023. LANDBANK has also raised the available program fund to P10 billion to accommodate more transport cooperatives and corporations. This is the third budget allocation hike made by the Bank from the P1.5 billion initial fund for the Program in 2017. Under the SPEED PUV Program, eligible borrowers may loan up to 95% of the total acquisition cost of the modern public utility jeepney (PUJ), at an affordable interest rate of 6% per annum, or a minimal 0.5% per month, and payable up to a maximum of seven years. This comes with a subsidy of P160,000 per vehicle from the National Government for units classified under Class 1, 2, 3 and 4 category models. Unlike traditional jeepneys, modern PUJs are equipped with safety and convenience features, such as air-conditioning, closed-circuit television (CCTV) systems, Wi-Fi connectivity, and Global Positioning System (GPS). Modern jeepneys likewise have minimal impact on the environment as they are compliant with the European emission standards for globally-accepted vehicle exhaust emission limits. Interested borrowers of the LANDBANK SPEED PUV Program may contact the nearest open 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 MOREThe six major digital banking channels of the Land Bank of the Philippines (LANDBANK) posted an unprecedented P5.6 trillion in terms of value in 2022—equivalent to a 126% growth year-on-year—as the Bank continues to ramp-up efforts toward digital and inclusive banking. The state-owned Bank facilitated a total of 155.8 million digital transactions for a 14% increase over the previous year, as more customers shift to using convenient, reliable, and safe digital banking solutions. “LANDBANK’s digital channels continue to service the growing customer demand for contactless financial transactions. We are driven to support our expanding retail customer base, to deliver convenient and responsive services to more customers nationwide,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The LANDBANK Mobile Banking App (MBA) facilitated the highest number of transactions among the channels at 123.6 million amounting to P227 billion, recording jumps of 19% in transactions and 32% in value from the previous year. Meanwhile, the Bank’s online retail banking channel, iAccess, posted a 15% rise in transactions value year-on-year to P17.7 billion. The LANDBANK Link.BizPortal facilitated 5.8 million transactions amounting to P11.6 billion, equivalent to 49% and 11% increases, respectively. The web-based payment facility also onboarded 314 new partners for a total of 1,136 merchants, of which 798 are from the public sector. For corporate clients, the LANDBANK weAccess yielded a significant leap of 540% in total value over the previous year, with P3.13 trillion in transactions. For national government agency partners, the Electronic-Modified Disbursement System (eMDS) facilitated 2.5 million or 15% more transactions, amounting to P2.1 trillion representing a 22% growth rate. The LANDBANK Bulk Credit System (LBCS) facilitated 1.8 million transactions amounting to P28.5 billion, for increases of 1,526% and 697%, respectively. For 2023, LANDBANK is looking to grow its digital transactions by at least 60% in terms of both volume and value. The Bank is also implementing an intensified communication campaign through its social media channels to help protect customers from phishing scams and other forms of online banking fraud. LANDBANK posts weekly #SafeModeMonday, #FraudFreeFriday and #ScamAlert featuring reminders and best practices on its social media channels, to regularly provide the public with tips on spotting cyberattacks, how to prevent different forms of phishing, and keeping online credentials confidential, among other online security measures.
READ MOREThree years since the country was placed under a state of calamity due to the COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) has approved loans totaling P41.3 billion as of 31 January 2023 to fast-track the recovery of local businesses and cooperatives. Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK has assisted a total of 825 borrowers nationwide, composed of 549 micro and small enterprises (MSEs), 134 cooperatives, 7 microfinance institutions, and 135 large enterprises. “LANDBANK remains committed to support the resurgence of pandemic-hit businesses and cooperatives. We will continue to serve their financial requirements to further advance the country’s ongoing economic recovery,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK first launched the I-RESCUE Lending Program at the onset of the pandemic, designed to provide borrowers timely financial aid at concessional terms, which include a longer repayment period, moratorium on principal and interest payments and lower interest rates. Under the Program, eligible borrowers may loan up to 85% of their emergency or permanent working capital requirements, with an interest rate of 7% fixed for one year and subject to annual repricing thereafter. LANDBANK has extended the I-RESCUE Lending Program until December 2023 to accommodate more potential borrowers. Interested borrowers 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 Wed, April 30, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.65 | 56.2 |
| JPY | 0.385778 | 0.401043 |
| EUR | 62.490666 | 64.971977 |
| GBP | 73.573295 | 76.494663 |
| HKD | 7.146032 | 7.685968 |
As of Tue, April 29, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558207 |
| Money Market Fund | 1.311334 |
| Money Market Plus Fund | 1.223712 |
| PERA Money Market Fund | 1.024099 |
| Medium-Term Bond Fund | 2.472408 |
| Bond Fund | 2.025804 |
| PERA Bond Fund | 1.201165 |
| Balanced Fund | 2.608032 |
| Growth Fund | 2.586644 |
| Alpha Equity Fund | 3.002682 |
| Blue Chip Equity Fund | 0.964111 |
| Equity Fund | 0.784247 |
| High Dividend Equity Fund | 1.009083 |
| US$ Money Market Fund | 1.432428 |
| Global $ Fund | 1.529753 |
