State-run Land Bank of the Philippines (LANDBANK) expressed its continuous support for the Bureau of Internal Revenue’s (BIR) tax collection modernization efforts, as the Bureau launched a renewed campaign to enhance taxpayer services to be more accessible, secure, and convenient. Alongside the United States Agency for International Development (USAID) and other financial institutions, LANDBANK joined the BIR’s “Taxpayer FIRST” initiative, which stands for Fast, Innovative, Reliable, Secure, and Technology-driven developments to drive better tax administration. Prior to the campaign launch on 10 December 2021, LANDBANK has already been providing taxpayers with a safe, reliable, and efficient online payment solution to conveniently pay their taxes through its Link.BizPortal facility. “The LANDBANK Link.BizPortal fits BIR’s ‘Taxpayer FIRST’ campaign as it offers fast payment transactions; provides an innovative and cashless solution; round-the-clock reliability and accessibility; secure and real-time processing; and the latest technology to facilitate transactions via computers and mobile devices,” said LANDBANK President and CEO Cecilia C Borromeo. The Link.BizPortal allows customers to pay tax liabilities online via the BIR or LANDBANK websites, thereby eliminating the need to wait in line at BIR regional and district offices. The Bank also underscored the sustained increase in the usage of the Link.BizPortal for tax payments, from recording 6,466 transactions in 2017 to 399,597 in 2020. For the first 10 months of 2021, the LANDBANK Link.BizPortal has successfully facilitated 530,546 tax payment transactions amounting to P1.3 billion, representing increases of 65% and 78%, respectively, compared to the same period last year. Aside from tax payments, the LANDBANK Link.BizPortal also allows individuals and institutional customers to pay for various products and services online for over 800 enrolled partner-merchants nationwide. From January to October 2021, the Link.BizPortal has facilitated a total of 3.26 million transactions worth P8.38 billion, for 90% and 22% growth rates year-on-year, respectively. The upsurge is consistent across LANDBANK’s major electronic channels, which have collectively recorded a 54% rise in value, totaling an unprecedented P1.88 trillion. LANDBANK’s digital banking platforms promote efficient payment systems in support of the National Government’s Ease of Doing Business initiative.
READ MOREThe stockholders of the United Coconut Planters Bank (UCPB) have approved the merger plan with the Land Bank of the Philippines (LANDBANK), effectively advancing the ongoing fusion of the two government banks into a unified and stronger institution for promoting inclusive and sustainable development. Shareholders representing 97.2% of the total outstanding capital stock of UCPB voted in favor of the Plan of Merger and Articles of Merger between UCPB and LANDBANK during the UCPB stockholders meeting held on 14 December 2021. As the surviving entity of the merger, LANDBANK’s total assets will grow to close to P3.0 trillion, further solidifying its position as the country’s second-largest bank in terms of assets. As of the first nine months of the year, LANDBANK’s net income grew by 21.2% to P16.72 billion from P13.8 billion in the same period last year, raising total assets by 13.6% to P2.564 trillion from P2.257 trillion. The Bank’s capital also rose by 25.77% to P208.17 billion from P165.52 billion year-on-year. LANDBANK has also consistently complied with the Agri-Agra Law, with the Bank's agriculture loans reaching 76.95% of its total lending portfolio and 11.52% for agrarian reform credit as of December 2020. Coconut farmers and other workers in the agricultural sector stand to benefit most from LANDBANK's enhanced financial muscle, as evidenced by the Bank's consistently growing agriculture lending from P222.05 billion in 2018, to P236.31 billion in 2019, and P237.62 billion in 2020. Customers of LANDBANK and UCPB will also gain access to a wider branch and ATM network, with a combined 667 branches and 2,722 ATMs nationwide, and benefit from a wider range of products and services. “With this merger, we are looking forward to a stronger, more resilient and unified banking institution that will promote and broaden financial inclusion among Filipinos, especially those who belong to the underserved and unbanked sectors,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK also reiterated that it is more than capable of absorbing the financial impact of the merger with UCPB, as its assets and liabilities will similarly expand total deposits, loans, and capital. Meanwhile, LANDBANK assured the customers of both banks that deposits will remain intact and secured in their current servicing branches, as banking services will continue to be unhampered and uninterrupted, while ensuring that the rights of all shareholders are upheld and protected. The merger between LANDBANK and UCPB is pursuant to Executive Order No. 142 signed by President Rodrigo Duterte on 25 June 2021, which approved the merger to form a better capitalized and more resilient institution that will play a principal role in the National Government’s development and financial inclusion agenda.
READ MOREI. Qualifications ● The promo is exclusive to Mastercard Credit, Debit, and Prepaid cards. II. How to Avail 1. Shop using the Shopee mobile app. 2. Select the items you wish to purchase and click “BUY NOW”. 3. To proceed with checkout, enter your e-mail address and shipping details. 4. Enter promo code “MCPAYDAY” upon checkout. 5. Click “Select payment method” and choose “Credit / Debit Card” as option. 6. Select or add your participating Mastercard credit, debit, or prepaid card and click “Confirm”. 7. Promo discount will be automatically applied to your purchase upon checkout. III. Terms and Conditions 1. Qualified Mastercard cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. 2. Promo discount is P150 off, with a minimum spend of P1,500. 3. Promo discount is valid for eligible Shopee users during the promo duration. 4. Promo discount is valid for one-time use on Dec 30, 2021. 5. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder. 6. Promo discount is valid for new and existing Shopee registered customers. 7. Promo discount cannot be applied retroactively. 8. The offer cannot be exchanged for cash or other products. 9. Promo discounts are only valid on preferred and Shopee Mall stores excluding products under the “Load, Bills, and eServices” category. 10. Promo discount is valid on orders to be delivered via integrated couriers. 11. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. 12. Shopee reserves the right to cancel transactions of accounts that are suspected to be invalid or fraudulent (i.e. abuse of system). 13. Shopee reserves the right to vary these terms & conditions with prior approval of DTI. IV. Customer Support ● For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph DTI Fair Trade Permit No. FTEB-129560 Series of 2021
READ MOREWith consumers expected to do millions of pesos worth of shopping online this holiday season, the Land Bank of the Philippines (LANDBANK) advises its customers to remain vigilant against online banking fraud and assures that the Bank maintains the highest level of security in all its systems. “As online shopping becomes a more prudent option to limit physical contact during this season, we would like to remind our customers to be on their guard against different forms of cyber fraud. The best way to avoid becoming a fraud victim is to stay vigilant by being familiar with the online red flags,” said President and CEO Cecilia C. Borromeo. The state-run Bank warns customers to ignore suspicious emails, social media messages, SMS, links and attachments, especially from unknown senders. It also reminds customers to be wary of fake websites, social media accounts and fraudulent transactions by checking and verifying the site’s URL, the sender’s email address, social media account, or phone number. Customers are advised not to share their username or log-in ID and password to anyone, and keep critical financial information private, including the card number, card expiry date, credit verification value (CVV), and one-time password (OTP). Official LANDBANK representatives will never ask for critical financial information of its customers. Specific to raising awareness on phishing activities, customers are also advised to be wary of emails, text messages, and websites offering free perks or games in exchange for personal information, which are designed to steal customer’s hard-earned money and identity. For specific tips on spotting phishing scams, please refer to this short video from the Information Security Officers Group (ISOG): (https://www.youtube.com/watch?v=y9fvBsOcEvE). LANDBANK said reminders and best practices to avoid cyber fraud are also being posted regularly on its social media channels. These include tips on spotting cyberattacks, preventing different forms of phishing, and keeping online credentials confidential, among others. The state-run Bank also reminds customers that the official email addresses of LANDBANK’s Customer Care and iAccess are customercare@mail.landbank.com and lbpiaccess@mail.landbank.com, respectively. The Bank’s official URL is www.landbank.com. To report fraudulent activities, LANDBANK customers may contact the Bank’s Customer Care Hotline through (02) 8-405-7000 or 1-800-10-405-7000, or via email at customercare@mail.landbank.com.
READ MOREDespite a sudden surge of COVID-19 cases in the country, Land Bank of the Philippines (LANDBANK) announced that its branches nationwide shall continue to operate to serve the banking needs of its customers. In a statement, the state-run Bank said a number of LANDBANK branches in the National Capital Region (NCR) and most parts of Luzon, where COVID-19 cases remain high, are open Mondays through Fridays from 8:30AM to 2:00PM, while LANDBANK branches in Visayas and Mindanao will continue to follow the regular banking hours of 8:30AM to 3:00PM on weekdays. However, some branches in NCR, Central Luzon and Southern Luzon are temporarily closed due to COVID-19 exposure of personnel and to give way to disinfection to ensure the health and safety of LANDBANK clients and employees. Meanwhile, the Bank's e-banking channels, such as the LANDBANK Mobile Banking App, iAccess, WeAccess, Link.BizPortal, Electronic Tax Payment System, Phone Access, and its ATM network, remain stable and available to the public 24/7. For a complete list of open and closed branches and their operating hours, please visit the LANDBANK website at www.landbank.com. Banking schedules of LANDBANK branches nationwide are also posted daily at the LANDBANK website, and at the Bank's official Facebook Page at @landbankofficial and Viber Community at @LANDBANK. With more Flipinos staying home as NCR and some parts of the country remain under Alert Level 3, LANDBANK once again reminded its customers to be cautious of online banking fraud and phishing activities. The Bank appealed to its clients to remain vigilant and ignore suspicious e-mails, text and social media messages, links and attachments from unknown senders. It also urged the public to be on the look-out for fake websites and social media accounts pretending to be LANDBANK by checking and verifying a suspicious site's URL, email address, social media account or phone number. Official LANDBANK representatives will never ask for a client's one-time passwords (OTPs), account details, and the card verification value (CVV) at the back of the card, among other security details, the Bank said.
READ MOREThe Land Bank of the Philippines (LANDBANK) clarifies that its systems were not hacked and remain secure, following reports that alleged unauthorized transactions were experienced by two teachers who maintain payroll accounts with LANDBANK. According to the initial investigation by LANDBANK, the devices of the teachers were hacked via phishing which compromised their personal information. The Bank has already reached out to the affected customers and is working on the resolution of these isolated cases at the soonest possible time. LANDBANK assures customers that their accounts and personal information remain safe, as the Bank maintains the highest level of security in all its systems. The Bank also advises the public to remain vigilant against phishing scams and all other forms of online banking fraud. LANDBANK reminds its customers to refrain from opening suspicious emails, links and attachments, and sharing your account and personal information. Official LANDBANK representatives will never ask for the critical financial information of customers. To report fraudulent activities, LANDBANK customers may contact their respective handling Branch or the LANDBANK’s Customer Care Hotline through (02) 8-405-7000 or 1-800-10-405-7000, or via email at customercare@mail.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) is welcoming the impending investigation by the National Bureau of Investigation (NBI) on the alleged phishing schemes victimizing teachers, following a Department Order issued by the Department of Justice (DOJ) for the NBI to immediately intervene on the matter. LANDBANK President and CEO Cecilia C. Borromeo said the state bank is also coordinating with the Department of Education (DepEd) for the list of teachers who were reportedly victimized through phishing, as LANDBANK conducts its own investigation into their accounts. “We will actively participate in this investigation and extend full cooperation to the NBI with the end in mind of further securing our depositors’ hard-earned money. We are also reaching out to the affected teachers and conducting an internal investigation on their complaints. In the meantime, we assure our clients and the general public that LANDBANK’s systems remain stable and secured,” said Borromeo. Meanwhile, LANDBANK said part of the security measures it is implementing is the use of the client’s mobile number to receive One-Time Passwords (OTPs) in authenticating digital financial transactions when using the LANDBANK Mobile Banking App or iAccess, instead of email. The Bank said clients with outdated mobile phone numbers linked to their online banking accounts must update their phone number with LANDBANK. They are advised to visit the iAccess website, download and fill-out the enrollment form, and send the completed form to their branch of account with a copy of a valid ID. They may also use the self-service option found in the iAccess to update their iAccess profile. Once again, LANDBANK advised the public to remain vigilant against phishing scams and all other forms of online banking fraud, and to refrain from opening suspicious emails, links and attachments, and sharing of account and personal information. To report fraudulent activities, LANDBANK customers may contact their respective handling Branch or the LANDBANK’s Customer Care Hotline through (02) 8-405-7000 or 1-800-10-405-7000, or via email at customercare@mail.landbank.com.
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READ MOREState-run Land Bank of the Philippines (LANDBANK) recorded a net income of P21.75 billion in 2021—a 27% expansion from P17.14 billion in 2020—on the back of lower cost of funds and provision for losses. LANDBANK’s total assets likewise grew 9.5% year-on-year to P2.586 trillion from P2.362 trillion. This was propelled by deposits expanding by 8.39% to P2.269 trillion, mainly from the rise in deposits of government and private accounts. Year-end capital significantly increased to P207.68 billion, 23.39% higher from P168.31 billion in 2020, attributed to the P27.5 billion equity infusion from the National Government in February 2021 and increase in retained earnings from annual net income. “LANDBANK’s robust financial performance to close 2021 is a testament to resiliency and the capacity to thrive amid another challenging year. We will build on this momentum as we continue to take on an expanded role and a more holistic approach in supporting key development sectors and the nation at large,” said LANDBANK President and CEO Cecilia C. Borromeo. In terms of financial ratios, LANDBANK posted an above industry-average return on equity of 11.57%. Return on assets improved to 0.88% from 0.78% in 2020, while net interest margin is 2.86%. LANDBANK’s strong financial base places the Bank in prime position to support the whole agriculture sector and other development industries. From January to December 2021, total LANDBANK loans translated to the delivery of various basic services and infrastructure facilities. These include the construction and improvement of 303 kilometers of farm-to-market roads, 33 hospital buildings, 1,954 hospital beds, 9 school buildings, 96 classrooms, and 18,303 households connected with potable water. LANDBANK strives to strike a successful balance in fulfilling its social mandate of promoting national development while remaining financially viable, making it unique among universal banks in the country.
READ MORE(Seated) MEDICUM The Medical Center, Inc. (MTMCI) Chairman Dr. Danilo A. Domingo (center), President and CEO Dr. Rita M. Dong-as (right), and LANDBANK CAR Lending Center Head Ramon Francisco P. Badiola (left) lead the signing of a P300-million loan agreement to finance the construction of a hospital building with modern medical facilities in Tabuk City on December 15, 2021. They are joined by members of the MTMCI Board of Directors and LANDBANK Account Officer Francis T. Buen (standing, leftmost; proper health protocols were observed). TABUK CITY, Kalinga – To provide reliable and quality healthcare services amid the ongoing COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) and MEDICUM The Medical Center, Inc. (MTMCI) have signed a P300-million loan agreement for the construction of a hospital building and support facilities with modern medical equipment in Tabuk City. The new hospital will be completed next year and will be located strategically along the provincial road within the city’s commercial hub. It will start operations by early 2024 and will cater to the healthcare needs of Tabuk City residents, as well as the 16 municipalities and neighboring provinces of Kalinga, with a combined population of nearly 490,000. “In line with LANDBANK’s thrust of extending essential services is the delivery of critical financial support to private healthcare providers. We remain committed to working with various partners to boost the local healthcare industry and provide accessible, quality healthcare services to Filipinos,” said LANDBANK President and CEO Cecilia C. Borromeo. The four-story MTMCI hospital building will feature a capacity of 100 beds, complemented by separate cadaver and waste holding buildings. As a Level II hospital, it will be equipped with modern medical equipment, such as a CT-scan machine, laparoscopy set, radiographic and fluoroscopic X-ray TV system, 2D echo system, and color ultrasound system, among others. The MTMCI hospital will also increase the number of available beds in the target service area by 100 and help improve the projected bed to population ratio from 0.61:1000 to 0.78:1000—closer to the World Health Organization’s prescribed 1:1000 hospital bed availability. “Aside from catering to the health needs of our people, this project will also help in the economic development of the city and province by providing added employment opportunities to our people, more taxes paid, and other benefits. We are so grateful to LANDBANK for granting us the much-needed loan to help bring about the success of our dream health facility,” said MTMCI President and CEO Dr. Rita M. Dong-as. LANDBANK continues to support micro, small and medium enterprises (MSMEs) across the country to spur recovery and inclusive economic development. As of end-December 2021, the Bank’s outstanding loans to MSMEs have reached P40.04 billion.
READ MOREAs of Fri, April 25, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.388752 | 0.403776 |
| EUR | 63.163815 | 65.607824 |
| GBP | 73.988728 | 76.851588 |
| HKD | 7.223177 | 7.761414 |
As of Thu, April 24, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557366 |
| Money Market Fund | 1.310646 |
| PERA Money Market Fund | 1.023632 |
| Medium-Term Bond Fund | 2.470334 |
| Bond Fund | 2.024273 |
| PERA Bond Fund | 1.198883 |
| Balanced Fund | 2.585336 |
| Growth Fund | 2.562157 |
| Alpha Equity Fund | 2.96484 |
| Blue Chip Equity Fund | 0.954534 |
| Equity Fund | 0.773163 |
| High Dividend Equity Fund | 1.002938 |
| US$ Money Market Fund | 1.431822 |
| Global $ Fund | 1.518293 |
| Money Market Plus Fund | 1.223015 |
