Lynette V. Ortiz (right) takes her oath as the 11th President and CEO of LANDBANK before Finance Secretary and LANDBANK Chairman Benjamin E. Diokno (left) on 24 May 2023 at the DOF Building in Manila. May 24, 2023 – Seasoned banker Lynette V. Ortiz was sworn in today as the new President and Chief Executive Officer of the Land Bank of the Philippines (LANDBANK) following her recent appointment by President Ferdinand R. Marcos, Jr. She brings with her over 30 years of extensive experience in local and international banking. Ortiz formally took her oath as the 11th President and CEO of LANDBANK before Finance Secretary and LANDBANK Chairman Benjamin E. Diokno at the DOF Building in Manila. She succeeds Cecilia Cayosa Borromeo who held the post for four years. Prior to her appointment in LANDBANK, Ortiz served as the first Filipino CEO of the Standard Chartered Bank (SCB) Philippines, a post she held since October 2016. She led strategies to grow the local franchise across the various client segments and deliver sustainable financial performance. She also held various senior posts in risk management, treasury, corporate finance and capital markets in foreign and local institutions. “I recognize the highly important role of LANDBANK in nation-building, and I am keen to contribute and infuse ideas and innovations that will further fortify the Bank in fulfilling its social mandate. I hope to bring in a fresh perspective drawn from my experience working in global organizations,” Ortiz said. Ortiz has spearheaded several landmark transactions in both domestic and international capital markets for Philippine and ASEAN issuers. She serves as First Vice President in the Board of the Bankers Association of the Philippines (BAP), and is also a member of the BAP Executive Committee. She vowed to build on the gains of LANDBANK in supporting agriculture and other key industries, expanding financial inclusion, delivering assistance to marginalized and vulnerable sectors, and supporting other players in advancing inclusive development agenda. “With the support of the entire LANDBANK team, we will work to make our operations more dynamic and responsive to address the changing needs of our highly diverse customers and stakeholders, while remaining viable and competitive,” according to Ortiz. A strong advocate for diversity and inclusion, Ortiz was named UN Women 2021 Philippine Women’s Empowerment Principles Awards Champion for Leadership Commitment recognizing her role in setting strong corporate commitments and inclusive leadership.
READ MOREIn its continued support of the sugar industry, the Land Bank of the Philippines (LANDBANK) has extended a total of P1.55 billion in outstanding loans to the sugarcane sector as of April 2023. Of the total disbursements, a cumulative release of P700.45 million in loans have benefitted a total of 4,366 individuals under the Socialized Credit Program-Sugarcane Industry Development Act (SCP-SIDA). In partnership with the Sugar Regulatory Administration (SRA), the SCP-SIDA has provided support to 2,577 borrowers, composed of 2,567 individual small farmers, four cooperatives, five associations and one Micro, Small, and Medium Enterprise from 16 different provinces nationwide. "LANDBANK is committed to driving growth in all industries of the agricultural sector. This includes pushing for sustainability and increasing the production and income of sugarcane farmers and workers," said LANDBANK President and CEO Lynette V. Ortiz. The SCP-SIDA aims to optimize the productivity of sugarcane farms by promoting advanced and cost-efficient farming practices, enabling farmers to invest in modern farming techniques, procure high-quality inputs, and acquire necessary equipment for higher yields and improved crop quality. Rodolfo Medina, Chairman of the Dampe Palay and Sugarcane Producers Cooperative in Pampanga, attests to the positive impact of the SCP-SIDA program on their cooperative. "Thanks to SCP-SIDA, our cooperative has experienced remarkable growth, and our members' livelihoods have significantly improved. We are immensely grateful to LANDBANK and SRA for their unwavering support and commitment to the sugarcane industry," said Mr. Medina. Through the financial support under SCP-SIDA with a low interest rate of 2% per annum, the cooperative was able to procure a tractor, combine harvester, and a ten-wheeler truck to enhance their harvesting and production processes. LANDBANK and SRA remain steadfast in their collective commitment to supporting sugarcane farmers address the emerging challenges and capitalize on new opportunities in the industry.
READ MORELANDBANK has assisted the MHD Water Bottling Station to expand its operations and improve the supply of clean drinking water in the Province of Isabela. The home-grown business now produces around 5,000 bottles of alkaline water per day which are sold and delivered to sari-sari stores, schools, and offices, among other establishments. (Photos courtesy of MHD Water Bottling Station) QUIRINO, Isabela – While many far-flung areas in the country still lack access to clean drinking water, a local water refilling and bottling station is helping close this gap by supplying potable water in Isabela. MHD Water Bottling Station was established in 2008 when Spouses Eddie and Marites Dalit discovered a deep well on their 3-hectare agricultural property. Water sourced from the well passed the regulatory standards for alkaline drinking water safe for human consumption. Spouses Dalit saw this as a business opportunity to supplement their income, but more importantly, to expand access to clean and safe drinking water in their town. “Bukod sa dagdag na income para sa aming pamilya, gusto rin naming ibahagi ang blessing na ito sa aming kapwa,” said Marites. In 2009, Eddie and Marites expanded their business by operating their own alkaline water refilling station, bringing potable water closer to the residents of the 4th class municipality of Quirino and nearby towns. Following its success, they decided to further expand into water bottling to accommodate more customers in the region. To finance their business expansion, Spouses Dalit sought the assistance of the Land Bank of the Philippines (LANDBANK), which has been providing credit assistance to support their palay and corn trading business for over 20 years. “Matagal na kaming LANDBANK client at masasabi ko na talagang maaasahan ang kanilang serbisyo,” said Marites. LANDBANK approved a P4.5-million loan to partially finance the acquisition of alkaline water production and processing equipment, including the purchase of an automatic bottle rinsing, filling, capping, and labelling machine. Through a P4.5-million loan from LANDBANK, Eddie and Marites were able to purchase the necessary equipment to expand their business into an alkaline water bottling station. The equipment includes an automatic bottle rinsing, filling, capping, and labelling machine which can produce about 5,000 bottles of alkaline water per day. With their business expansion, Eddie and Marites made their alkaline water more accessible to remote communities, since bottled water is easier to transport and distribute around the Province. The MHD Water Bottling Station is able to produce around 5,000 bottles of alkaline water per day, which are delivered to 10 schools in Isabela, as well as government and private offices, and sold to walk-in customers in their station in Brgy. Santo Domingo. Through their distributors, they are also able to supply drinking water to nine other towns and cities in Isabela and Cagayan, including Gamu, Delfin Albano, Tumauini, and Naguilian, among others. “Napakalaki ng naitulong ng LANDBANK sa amin. Salamat sa kanila at napalago namin ang aming negosyo,” said Marites. LANDBANK continues to provide accessible credit support to micro, small and medium enterprises (MSMEs), as part of its commitment to assist key economic sectors towards building stronger and more inclusive local communities. As of end-April 2023, LANDBANK has extended P50.1 billion in outstanding loans to over 6,000 MSMEs nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) welcomes the latest report of global credit ratings agency Fitch Ratings, Inc., which upgraded its outlook on the Bank to “stable,” alongside improved confidence in the country’s return to strong medium-term growth following the Covid-19 pandemic. The report published on 30 May 2023, which also affirmed the Bank’s Long-Term Issuer Default Ratings (IDRs) at 'BBB' and Government Support Rating (GSR) at 'bbb', considered LANDBANK’s “strategic and growing policy roles, 100% state ownership as well as its systemic importance as the largest state-owned bank in the country, with market share of about 14% of system assets.” The ratings agency likewise gave consideration to the “state’s improving ability to support the bank, in times of need, as reflected in the revision of the sovereign rating Outlook to stable,” which was detailed in a separate report the agency published on 22 May 2023. “The improved outlook from Fitch is a welcome vote of confidence for the Bank’s robust financial stability and resilience to withstand external and domestic economic headwinds. With solid state backing, we will intensify our support to the country’s priority programs and initiatives, towards expediting our complete resurgence from the global pandemic,” said LANDBANK President and CEO Lynette V. Ortiz. Led by solid governance and leadership, the Bank has continued to build its strong financial muscle to support key development sectors. It ranks second in the industry in terms of assets at P3.1 trillion and deposits at P2.8 trillion as of the first quarter of 2023, with financial ratios maintained at healthy levels. It recorded net income of P10.8 billion in the same period. The Bank’s capital likewise expanded year-on-year by 3.2% to P225.3 billion, as the Bank expressed confidence that it will reach its projected growth targets by yearend. LANDBANK is the only State-run Bank that has continued to ramp-up its digitalization drive geared towards providing safe, accessible and convenient banking service to meet the growing needs of customers, with a 30% growth in value of transactions amounting to P735.95 billion for its major digital banking platforms in the first quarter of 2023 alone. The Bank has maintained its dominance as the biggest development partner of the Local Government Units (LGU) sector towards local development, with all 1,717 LGUs nationwide maintaining deposit accounts with the state-run Bank. It is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. LANDBANK remains as the country’s biggest Government-Owned and Controlled Corporation (GOCC) and the largest credit provider to the agriculture sector, among other key economic sectors, with the financial capacity and resources to fully support the National Government’s sustainable and inclusive development agenda.
READ MORELANDBANK Culasi Branch personnel took a 4-hour boat ride to distribute LANDBANK cash cards to social protection beneficiaries from the remote islands of the Municipality of Caluya, Antique. CALUYA, Antique – The Land Bank of the Philippines (LANDBANK) recently completed the distribution of cash cards to a total of 2,357 beneficiaries of the Department of Social Welfare and Development (DSWD) from the remote islands within the Municipality of Caluya—situated in the northernmost tip of the province of Antique in Western Visayas. Among the recipients are beneficiaries of the Listahanan and Social Pensioners programs residing in the islands of Caluya, Sibato, Sibolo, Liwagao, Panagatan, Sibay, and Semirara, reachable via a 4-hour boat ride from the mainland of Libertad, Antique. Beneficiaries can use the LANDBANK cash cards to conveniently withdraw their cash aid from the Jerique Grocery Store—a LANDBANK Agent Banking Partner (ABP) situated in the island of Caluya. The store’s mobile Point-of Sale (POS) terminal will also be deployed among the islands in the municipality during scheduled payouts. The LANDBANK cash cards can also receive funds from other LANDBANK accounts through fund transfers via the iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, ATMs, and from other bank accounts via InstaPay and ATM fund transfers. Beneficiaries may likewise use the cash cards for cashless transactions in groceries, pharmacies, convenience stores, and other accepting merchants via POS terminals. LANDBANK is the main distribution arm of financial assistance of the National Government, servicing the beneficiaries of the Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs of the DSWD nationwide.
READ MOREThe 670-hectare township development of Pueblo de Panay, Inc. (PDPI) in Roxas City, Capiz steers local economic activities and generates employment opportunities for almost 10,000 locals. The construction and improvement of various projects within the property are supported by LANDBANK, which has been PDPI’s development partner since 2017. (Photo courtesy of PDPI) ROXAS CITY, Capiz – Nestled amid the lush greenery of a tranquil rural landscape is a 670-hectare mixed-used township development of the Pueblo De Panay, Inc. (PDPI) that has been a contributing pillar to Roxas City’s bid for inclusive development. Home to various commercial establishments, agro-industrial zones, and endearing tourist attractions—with a residential component that integrates Capiznons’ traditional lifestyle with contemporary living—the PDPI mega township development steers local economic activities and generates average foot traffic of 60,000 alongside employment opportunities for almost 10,000 locals. Before becoming one of the largest real estate developers in the region, the journey of PDPI started with Ong Family’s humble beginnings in 2001 having only P1.7 million in capital. Today, the family-led PDPI has grown into a developer of several successful horizontal and vertical residential and commercial projects, providing housing and business opportunities to all market segments in Roxas City. Recently, PDPI ramped up improvements in its property to accommodate key locators, including business process outsourcing (BPO) companies, restaurants, hotels, banks, government offices, and other firms that provide local employment. As with any business expansion, the PDPI needed financial backing for its plans and projects to fruitfully materialize. They turned to the Land Bank of the Philippines (LANDBANK) in 2017, and secured funding for the construction of a seven-story BPO building and fish processing plant in the township. The six-story BPO building (left) and fish processing plant (right) in Pueblo de Panay are among the first developments financed by LANDBANK in support of PDPI’s expansion plan. LANDBANK likewise extended financing support for site development of a 7.4-hectare IT Park that can host up to 10 BPO buildings; construction of a five-story building to be occupied by a private educational institution; and concreting of roads across the development, which include drainage works and electrical and water lines. “LANDBANK and PDPI share the same vision of promoting countryside development and inclusive growth. It’s about connectivity: We understand them, and they understand us. We are lucky to have LANDBANK as our reliable partner,” said PDPI Chief Operations Officer Lex Lavin. Pueblo de Panay has transformed a once undeveloped parcel of land into a master-planned township and viable investment destination designed by the Singaporean firm Surbana Jurong. The township has become a bustling business hub where people can live, work, relax, and have fun, embodying the company’s advocacy of “Life. Work. Balance.” With this success, the PDPI has proven that a countryside-based and homegrown brand could have world-class aspirations and be a catalyst of local growth. The firm is committed to pursue this undertaking by stepping up further developments within the township. Responding to the call of the National Government to alleviate the housing backlog of the country, PDPI is developing additional residential projects in the next five years to provide almost 2,000 housing units for middle-income households, including an affordable housing project to cater to government workers and Overseas Filipino Workers (OFWs). With the help of LANDBANK, the Capiz-based developer is also planning to expand in other key cities and towns and offer PDPI’s brand of excellence all over the country. “We understand that LANDBANK is always there to support and guide us in our quest to provide the same development in other key cities, as well as underserved communities. We want to be there to give them the quality of life they deserve as Filipinos. That’s what we want. It’s not only about the profit we earn, but about the number of people benefitting from our projects,” Lavin said. Alongside its focus on supporting the agriculture sector, LANDBANK has been servicing emerging sectors and industries in line with fulfilling its expanded mandate of driving countryside and national development.
READ MOREIn line with advancing financial inclusion, the Land Bank of the Philippines (LANDBANK) will be significantly reducing transaction rates for fund transfer via InstaPay effective 15 June 2023. All fund transfer transactions, regardless of the amount, will now be subject to a fixed transaction fee of P15, down from the previous rate of P25. "By lowering fund transfer rate, more customers will benefit from the convenience and efficiency of our products. This is part of our commitment to provide accessible and affordable digital banking solutions, and to help expand financial inclusion," said LANDBANK President and CEO Lynette V. Ortiz. Digital fund transfer is facilitated by the LANDBANK Mobile Banking App (MBA) and iAccess for retail clients, and weAccess for Corporate Accounts. For the first three months of 2023, the three digital platforms have facilitated transactions amounting to a total of P265.7 billion. In full support of the National Government’s financial inclusion agenda, the reduction of transaction rates underscores LANDBANK's steadfast commitment to meeting the evolving needs of customers, in line with its expanded mandate of serving the nation.
READ MOREASA President and CEO Kamrul H. Tarafder (4th from left), LANDBANK President and CEO Lynette V. Ortiz (5th from left), and BDO Capital President Eduardo V. Francisco (rightmost), alongside other local bank leaders, lead the ceremonial signing for ASA’s P5-billion syndicated corporate notes facility on 05 July 2023 in Pasig City. The Land Bank of the Philippines (LANDBANK) has joined hands with the BDO Capital & Investment Corporation (BDO Capital) in arranging a P5-billion syndicated corporate notes facility with other domestic banks, to support ASA Philippines Foundation, Inc.’s (ASA) credit expansion for underserved women. The state-run Bank has a significant participation in the syndicated transaction, the proceeds of which will be used for ASA’s working capital to reach and empower more women in the country through the provision of accessible financing. “We, at LANDBANK, welcome this timely opportunity to advance gender equality and women empowerment. Through our collective efforts and joint resources, we can foster an equal playing field for all – regardless of gender – to further boost economic productivity and growth,” said LANDBANK President and CEO Lynette V. Ortiz. ASA’s five-year corporate notes issuance was classified as the first-ever Gender Bonds in the country, as certified by social bond second-party opinion provider DNV and registered with the Securities and Exchange Commission (SEC). The issuance of the first-of-its-kind bonds was launched on 05 July 2023 in Pasig City, following a ceremonial signing between ASA President and CEO Kamrul H. Tarafder, LANDBANK President and CEO Ortiz, BDO Capital President Eduardo V. Francisco, and other industry leaders for ASA’s notes facility. Joining them were Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat, ASA Board Member Eric L. Gotuaco, and other development partners. LANDBANK Investment Banking Group and BDO Capital jointly arranged the syndicated transaction, with RCBC Trust and Investment Group serving as the Security Trustee and Notes Facility Agent. Other lenders to the transaction include the BDO Unibank, Inc., Philippine National Bank, Bank of the Philippines Islands, and Security Bank. LANDBANK has been supporting ASA’s expansion since 2014, as part of its steadfast support to microfinance organizations in the country. The new partnership likewise complements the state-run Bank’s efforts to provide ample opportunities for women entrepreneurs.
READ MORELANDBANK joins the Bangko Sentral ng Pilipinas (BSP) in the observance of Savings Consciousness Week 2023 from 30 June until 6 July 2023 with the theme, "Save today for a better and prosperous tomorrow." This week-long observance aims to continuously encourage the public to save in banking institutions and further raise awareness of the vital role of savings in the country's economic development. Remember, every peso saved is a step closer to realizing your dreams. Together, let's make savings a priority and build a stronger, more prosperous nation. #ServingTheNation #MakeSavingsAPriority #SavingsConsciousnessWeek #SCWeek2023
READ MORECheckout with your Visa card on Shopee this 7.7 to get P100 off with code VISA100OFF! Merchant Terms & Conditions I. Qualifications The promo is exclusive to Visa Credit, Debit, and Prepaid cards issued in the Philippines. II. How to Avail Shop using the Shopee mobile app. Select the items you wish to purchase and click "BUY NOW'. To proceed with checkout, enter your e-mail address and shipping details. Click your preloaded voucher (check your voucher wallet) or enter promo code "VISA100OFF" upon checkout. Click "Select payment method" and choose "Credit / Debit Card" as option. Select or add your participating Visa credit, debit, or prepaid Card and click "Confirm". Promo discount will be automatically applied to your purchase upon checkout. Ill. Terms and Conditions Qualified Visa cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P100 off, with a minimum spend of P2,000. Promo discount is valid for eligible Shopee users during the promo duration. Promo discount is valid for one-time use on July 7, 2023 only. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder unless reason for cancellation is deemed valid upon investigation. (e.g. delay in receipt of OTP) Applicable on Visa credit, debit, and prepaid card transactions only. Promo discount is valid for new and existing Shopee registered customers. Promo discount cannot be applied retroactively. The offer cannot be exchanged for cash or other products. Promo discount cannot be used on products under the "Load, Bills and eServices" category. Promo discount is valid on orders to be delivered via integrated couriers. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. Shopee reserves the right to cancel transactions of accounts that are proven to be invalid or fraudulent (i.e. abuse of system). 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-170360 Series of 2023
READ MOREAs of Mon, April 28, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56 | 56.5 |
| JPY | 0.384503 | 0.399342 |
| EUR | 62.734299 | 65.163993 |
| GBP | 73.505595 | 76.352462 |
| HKD | 7.193121 | 7.729313 |
As of Fri, April 25, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557629 |
| Money Market Fund | 1.310792 |
| Money Market Plus Fund | 1.223222 |
| PERA Money Market Fund | 1.023734 |
| Medium-Term Bond Fund | 2.469743 |
| Bond Fund | 2.02113 |
| PERA Bond Fund | 1.197928 |
| Balanced Fund | 2.611204 |
| Growth Fund | 2.585961 |
| Alpha Equity Fund | 3.010427 |
| Blue Chip Equity Fund | 0.962315 |
| Equity Fund | 0.785213 |
| High Dividend Equity Fund | 1.009253 |
| US$ Money Market Fund | 1.431944 |
| Global $ Fund | 1.523469 |
