Land Bank of the Philippines

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LANDBANK Q3 digital transactions surge 169% to P4.6-T

The major digital banking platforms of the Land Bank of the Philippines (LANDBANK) in the first three quarters of the year have facilitated a total of 111.3 million transactions amounting to P4.6 trillion – registering 15% and 169% year-on-year growths in volume and value, respectively. Amid the continuing increase in customer demand for digital financial transactions, LANDBANK President and CEO Cecilia C. Borromeo underscored the importance of digital transformation for the state-run Bank during the “BOUNDLESS: Philippine Digital Convention 2022” held on 27 October 2022 in Parañaque City. “Digitalization enables LANDBANK to provide better solutions to the growing and varied needs of our customers. This includes delivering greater value to beneficiaries of social protection programs, government employees, local government units, and other key development sectors,” said President Borromeo at the Convention, where The total utilization growth recorded by LANDBANK in the nine-month period consists of combined transactions via the LANDBANK Mobile Banking App (MBA), weAccess, Electronic Modified Disbursement System (eMDS), Link.BizPortal, iAccess, and the LANDBANK Bulk Crediting System (LBCS). The LANDBANK MBA topped the group in terms of transaction volume, which recorded 87.6 million transactions amounting to P154.3 billion, translating to 20% and 29% increases, respectively. The overall increase in transaction value was propelled by the Bank’s corporate internet banking platform, the LANDBANK weAccess, which logged 13.26 million transactions worth P2.95 trillion – a 739% increase in value from the same period last year. Meanwhile, the LANDBANK eMDS for national government partners facilitated 1.7 million transactions worth P1.4 trillion, translating to a 19% rise in value. The Bank’s online retail banking channel, iAccess, likewise posted a 16% increase in terms of transaction value amounting to P13 billion from 3.9 million transactions. The Link.BizPortal, LANDBANK’s web-based payment facility, recorded a 50% rise in transaction volume with 4.3 million transactions worth P8.8 billion. Lastly, the LBCS — the Bank’s online electronic disbursement facility — recorded transactions amounting to P14.09 billion for a significant 575% jump compared to the same period last year. “More than the numbers – the outcome, the quality of lives of the people and communities we serve are very important. The possibilities of improving the lives of customers are boundless,” added President Borromeo. LANDBANK continues to leverage on digital technology to deliver convenient and secure financial services and products to development sectors of the economy, as part of its full commitment to serving the nation.

LANDBANK Q3 income jumps 54% y-o-y to P25.7-B

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.

Laos Central Bank lauds LANDBANK’s dev’t financing to MSMEs

LANDBANK 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.

LANDBANK, GCG strengthen partnership towards good governance

LANDBANK 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.

LANDBANK shares agri, dev't finance expertise to Cambodian bank

LANDBANK 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.

LANDBANK-financed cold storage facility boosts local onion supply

The 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.

LANDBANK backs San Juan City’s digitalization, infra projects

LANDBANK 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.

LANDBANK, COOP NATCCO Partylist meet to advance co-op cause

(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.

LANDBANK eyes better services with new branch site in UP Diliman

UP President Atty. Danilo L. Concepcion (2nd from right) and LANDBANK Executive Vice President Liduvino S. Geron (3rd from right) lead the groundbreaking ceremony for the new LANDBANK UP Diliman Branch Building at the UP Diliman Campus in Quezon City on 21 November 2022. DILIMAN, Quezon City – The University of the Philippines (UP) and the Land Bank of the Philippines (LANDBANK) held a groundbreaking ceremony for a four-story building that will house the LANDBANK UP Diliman Branch. Located along Jacinto Street at the UP Diliman Campus, the new site of the LANDBANK UP Diliman Branch will feature a bigger space with more parking slots, to provide members of the UP community, and nearby communities, with more convenient access to the Bank’s products and services. UP President Atty. Danilo L. Concepcion and LANDBANK Executive Vice President Liduvino S. Geron led the ceremony on 21 November 2022. They were joined by UP Vice President for Development Elvira A. Zamora, UP Diliman Vice Chancellor for Planning and Development Raquel B. Florendo, LANDBANK Senior Vice President Marilou L. Villafranca, and UP Diliman Branch Head Malaine P. Baui. President Concepcion said that the soon-to-rise building reflects the strong partnership between UP and LANDBANK, adding that the new site is more strategic for the Bank to service the entire UP community. The construction of the building will be financed by LANDBANK and is expected to be completed by 2024. Aside from the UP Diliman Branch on the ground floor, the building will also house UP offices on the second to fourth floors. “LANDBANK stands ready in boosting the operational efficiency of the UP Diliman Campus, as well as the entire UP System, through our banking products and services. We are one with the University in undertaking meaningful programs and initiatives in the service of the Filipino people and the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. The new UP Diliman Branch is designed with four on-site automated teller machines (ATMs), to complement LANDBANK’s four offsite ATMs across the campus, with one mobile ATM on standby. The Branch will also feature a more spacious Digital Banking Corner where customers can open a deposit account in as fast as 15 minutes or less using the Bank’s Digital Onboarding System (DOBS). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels, such as the LANDBANK Mobile Banking App and iAccess, for safe and convenient online transactions.

LANDBANK-funded ‘Cocohub’ boosts Cebu farmers’ income

The Coconut Hub of Lamac Multi-Purpose Cooperative (LMPC) at Barangay Colonia in Tuburan, Cebu produces various products made from coconuts, that has been helping increase the income of local coconut farmers while providing livelihood opportunities among women in the community. (Photos courtesy of LMPC) TUBURAN, Cebu – When Super Typhoon “Yolanda” devastated parts of the country in 2013, coconut farmers from this town struggled with lower productivity and income. They were left with damaged coconut farms, making it even harder to earn a living for their families. This dire situation pushed the Lamac Multi-Purpose Cooperative (LMPC) to support its farmer-members by establishing a production center for diverse products made from coconuts, which provides farmers with higher income from selling all parts of their produce to LMPC at a competitive price, instead of relying solely on producing copra. The Coconut Hub or ‘Cocohub’ facility, the first-of-its-kind in Cebu, commenced operations in 2020. Today, the center processes 15,000 seed nuts a day for the production of virgin coconut oil, coco sugar, coco baskets, ropes, mats, and anti-soil erosion nets, among others. The Cocohub project benefits over 500 farmers from Tuburan and neighboring towns, while generating employment opportunities for women in the community who work full-time in the hub. The operations of the Cocohub is backed by financial support from the Land Bank of the Philippines (LANDBANK)—a long-time development partner of the LMPC. Loans from the Bank are used as working capital for the purchase of furniture and fixtures, payment of raw materials to suppliers, and salary of the cooperative’s workers. “Malaki ang naitutulong ng LANDBANK upang mapanatili ang operasyon ng Cocohub, lalo na at hindi ganon kabilis ang return of investment dito. Parang pamilya na namin ang LANDBANK dahil lahat ng pangangailangang pampinansiyal ng LMPC ay sila talaga ang tumutugon,” said LMPC General Manager Ma. Elena C. Limocon. The Cocohub is a joint project with the Philippine Coconut Authority (PCA), which provides the LMPC infrastructure support and essential equipment, including a decorticating machine. Other government agencies and local government units (LGUs) are likewise supporting the project to help sustain its operations. These include the Department of Science and Technology (DOST), Department of Trade and Industries (DTI), Bureau of Fisheries and Aquatic Resources (BFAR), and the Cebu Technological University (CTU), which provide information resources, product innovations, and relevant trainings to capacitate farmers as well as for marketing of the goods. “LANDBANK is a proud partner of the LMPC Cocohub designed to uplift the lives of coconut farmers and communities in Cebu. This project is a shining example of how government partners working under a whole-of-nation approach can build a sustainable and inclusive agricultural value chain,” said LANDBANK President and CEO Cecilia C. Borromeo. Development partner in the countryside The LMPC has been a consistent development partner of LANDBANK in the Visayas region since 1992. It is mainly engaged in credit extension through its 56 branches, assisting more than 120,000 farmers and fishers from the provinces of Cebu, Bohol, Negros Occidental and Leyte for their livelihood and agricultural projects. LANDBANK’s unwavering support to LMPC has also allowed the co-op to take on other meaningful projects and initiatives in support of various local communities. The LMPC has participated in the Milk Feeding Program of the Department of Education (DepEd) that benefits thousands of undernourished students from Cebu and Negros Occidental. The co-op has an existing loan line from LANDBANK to augment its working capital for dairy production. The LMPC is also instrumental in bringing basic banking services to underserved areas by equipping most of its branches with point-of-sale (POS) terminals under LANDBANK’s Agent Banking Program (ABP), to facilitate banking transactions for local residents, especially in remote communities. LANDBANK is the second largest universal bank in the country that is committed to serve the development requirements of cooperatives, thereby empowering them to become catalysts for inclusive growth in the countryside. As of end-October 2022, LANDBANK’s outstanding loans to the cooperative sector have reached P61.4 billion, helping over 1,300 co-ops nationwide.

Foreign Exchange Rates

As of Mon, June 2, 2025

	Buying	Selling
USD	55.45	55.95
JPY	0.380286	0.395007
EUR	62.074974	64.484221
GBP	73.582455	76.438331
HKD	7.045892	7.571714

Unit Investment Trust Funds

As of Fri, May 30, 2025

UITF	NAVPU
Cash Management Fund	1.564012
Money Market Fund	1.315592
Money Market Plus Fund	1.228287
PERA Money Market Fund	1.026402
Medium-Term Bond Fund	2.482295
Bond Fund	2.031554
PERA Bond Fund	1.205039
Balanced Fund	2.654329
Growth Fund	2.611832
Alpha Equity Fund	3.055631
Blue Chip Equity Fund	0.970196
Equity Fund	0.803224
High Dividend Equity Fund	1.017429
US$ Money Market Fund	1.435959
Global $ Fund	1.532453