The Land Bank of the Philippines (LANDBANK) continues to firm up its support to the agriculture sector, with outstanding loans reaching P271.8 billion as of 31 March 2023 – a 14.8% year-on-year growth from P236.8 billion in the same period in 2022. Of the Bank’s agri loans, P42.3 billion directly benefitted small farmers and fishers, including those which were channeled through cooperatives and farmers’ associations, rural financial institutions and other conduits. “LANDBANK continues to provide accessible financing for small farmers and fishers, as well as the whole agri-value chain. We are fully committed to supporting the National Government’s efforts to ensure food security towards advancing growth that is sustainable and inclusive,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. As support to other agri-value chain players, LANDBANK extended P181.2 billion to finance the requirements of small, medium and large agribusinesses. The remaining P48.3 billion in loans backed agri- and aqua-related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). In terms of economic activities, P64.5 billion of the agri loans were channeled to boost livestock and crop production, while P120 billion accounted for loans for agri-processing and trading. Meanwhile, P87.3 billion supported the construction and improvement of essential agri infrastructures such as public markets, farm-to-market roads, warehouses, cold storages, and irrigation systems, among others. Intensified support to rice, coconut industries In support of the National Government’s thrust to boost palay production and ensure sufficient rice supply in the country, the Bank continues to ramp up its lending activities to rice farmers and other rice industry stakeholders. As of end-March 2023, LANDBANK’s outstanding loans to the local rice industry has reached P9.7 billion to finance requirements for palay production and processing, such as farm inputs, machineries, equipment, and facilities, among others. Apart from loans, the Bank has also distributed cash grants amounting to P1.5 billion to 291,241 farmer-beneficiaries nationwide under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program, in partnership with the Department of Agriculture (DA). LANDBANK likewise continues to provide responsive credit assistance to the coconut sector with outstanding loans amounting to P643 million, benefitting coconut farmers and other stakeholders engaged in the production and processing of coconut-based products. Earlier this year, LANDBANK launched its new Coconut Farmers and Industry Development (CFID) Lending Program, in support of the Coconut Farmers and Industry Development Plan (CFIDP) spearheaded by the DA and the Philippine Coconut Authority (PCA). Under the Program, eligible coconut farmers, cooperatives and associations can access financing for various projects, including the establishment of intercrops and poultry or livestock integration in coconut farms. Individual coconut farmers can use the loan to increase production and working capital, to acquire machines and equipment, and establish necessary facilities. Coconut cooperatives and associations can also utilize the financing for relending and rediscounting to their members. LANDBANK will provide short-term and long-term loans with a fixed affordable interest rate of 2% per annum.
READ MOREA COLLABORATIVE CLIMATE INITIATIVE – DOST Secretary Renato U. Solidum Jr. (4th from right), PAGASA Administrator Dr. Vicente B. Malano (2nd from right) and LANDBANK Vice President Esperanza N. Martinez (3rd from right) are joined by heads and representatives of other executing entities in launching the “Multi-Hazard Impact-Based Forecasting and Early Warning System for the Philippines” on 26 April 2023 in Quezon City. (Photo Courtesy of DOST-PAGASA) The Land Bank of the Philippines (LANDBANK) and the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) have joined hands to lead the establishment of an impact-based forecasting and early warning system, to enable communities take better pre-emptive measures against natural calamities. The “Multi-Hazard Impact-Based Forecasting and Early Warning System for the Philippines” or the “IBF-Ph Project” is supported by a $10-million grant from the Green Climate Fund (GCF) and $12 million in co-financing from PAGASA, under the Department of Science and Technology (DOST). The IBF-Ph Project aims to address the challenges related to climate hazards by communicating what the weather “will do” rather than what the weather “will be.” It will combine the best available science and local knowledge on forecasting and risk assessment, instead of generating standardized information based on thresholds and lead times. The IBF-Ph Project will run until 2027, with the end goal of institutionalizing impact-based forecasting and integrating early warnings into investment and policy decisions. It will be piloted in the disaster-prone areas of Palo, Leyte; New Bataan, Davao de Oro; Tuguegarao City, Cagayan; and Legazpi City, Albay. “LANDBANK welcomes the opportunity of working with PAGASA and other development partners to advance sustainable finance and contribute to addressing the challenges of climate change. We look forward to the successful implementation of the IBF-Ph Project, as part of our broader thrust of promoting sustainable development,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. GCF Mitigation and Adaptation Division Director Dr. German Velasquez, along with Science and Technology Secretary Renato U. Solidum Jr. and PAGASA Administrator Dr. Vicente B. Malano, led the national launch of the IBF-Ph Project on 26 April 2023 at the Crowne Plaza Manila Galleria Hotel in Ortigas Center, Quezon City. They were joined by Interior and Local Government Director Edgar Allan B. Tabell, Climate Change Commission Assistant Secretary Romell Antonio O. Cuenca, Office of Civil Defense Administrator Undersecretary Ariel Nepomuceno, PAGASA Deputy Administrator Dr. Esperanza O. Cayanan, and LANDBANK Vice President Esperanza N. Martinez. Also present were World Food Programme Country Director Brenda Barton, Tuguegarao City Mayor Maila Rosario Ting-Que, Legazpi City Mayor Carmen Geraldine B. Rosal, Palo Mayor Remedios L. Petilla, and other local development partners. The IBF-Ph Project is the very first GCF-approved project in the country, with PAGASA as the lead executing entity and LANDBANK serving as a Direct Access Entity (DAE) to ensure that the project is compliant with GCF policies and standards. Other project implementors are the Department of Interior and Local Government (DILG), Office of Civil Defense (OCD), Department of Environment and Natural Resources – Mines and Geosciences Bureau (DENR-MGB), the United Nations’ World Food Programme (WFP), and the local government units of Tuguegarao City, Legazpi City, Palo in Leyte, and New Bataan in Davao de Oro. Project collaborators include the National Economic and Development Authority (NEDA), Department of Finance (DOF), Climate Change Commission (CCC), and the Philippine Commission on Women (PCW).
READ MOREConversion complete. Former UCPB Del Monte-Bonifacio Branch in Brgy. Manresa, Quezon City was one of the first branches successfully converted into a LANDBANK Branch, following the merger of LANDBANK and UCPB on 01 March 2022. The Land Bank of the Philippines (LANDBANK) announced the successful conclusion of the merger of United Coconut Planters Bank (UCPB) with LANDBANK, following the conversion of all UCPB branches and accounts into its system with no major operational disruption. The conversion activities for 188 UCPB branches and over 495,000 accounts started on 09 July 2022 and were completed on 25 February 2023, ahead of the 01 March 2023 deadline set by the Bangko Sentral ng Pilipinas (BSP). “The seamless and timely completion of the merger is a testament to LANDBANK’s commitment to providing quality and uninterrupted service. With the bolstered branch network and resources, the Bank is now more positioned to play a principal part in the development and financial inclusion agenda of the National Government,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. The merger of LANDBANK and UCPB officially took effect on 01 March 2022, pursuant to Executive Order No. 142 signed by former President Rodrigo R. Duterte on 25 June 2021. The merger further solidified LANDBANK’s ranking as the second-largest bank in the country, with total assets reaching P3.1 trillion as of end-March 2023. LANDBANK customers now enjoy access to wider physical touchpoints and menu of banking products and services. The Bank now has 607 branches and branch-lite units, 58 lending centers, 2,906 automated teller machines (ATMs), 224 cash deposit machines (CDMs), and 1,072 Agent Banking Partners (ABPs) nationwide.
READ MOREBaggao Mayor Leonardo C. Pattung (leftmost) and LANDBANK President and CEO Cecilia Cayosa Borromeo (5th from left) lead the inauguration rites for the LANDBANK Baggao Agri-Hub on 27 April 2023, at the Baggao LGU Compound, Brgy. San Jose, Baggao, Cagayan. Joining them are Vice Mayor Rowel B. Gazmen (3rd from left), former Cagayan 1st District Representative, Atty. Ramon C. Nolasco, Sr. (2nd from left), and from LANDBANK, Executive Vice President Liduvino S. Geron (4th from left) and Senior Vice President Ma. Belma T. Turla (6th from left). BAGGAO, Cagayan – Towards servicing the development needs of small farmers and fishers, the Land Bank of the Philippines (LANDBANK) officially inaugurated its newest Agri-Hub in the Municipality of Baggao – the very first in the Province of Cagayan. The LANDBANK Baggao Agri-Hub provides banking, lending, and agrarian services, all under one roof, for residents of the Municipality’s 48 barangays, including over 17,500 rice and corn farmers. The location of the Agri-Hub allows Baggaoeños to conveniently perform their banking transactions without having to travel all the way to Tuguegarao City, which is more than an hour away from Baggao. Local LANDBANK customers include more than 11,000 Conditional and Unconditional Cash Transfer beneficiaries of the Department of Social Welfare and Development (DSWD). Baggao Mayor Leonardo C. Pattung and LANDBANK President and CEO Cecilia Cayosa Borromeo led the inauguration rites on 27 April 2023. They were joined by Vice Mayor Rowel B. Gazmen, former Cagayan 1st District Representative, Atty. Ramon C. Nolasco, Sr., and from LANDBANK, Executive Vice President Liduvino S. Geron and Senior Vice President Ma. Belma T. Turla. “Kaisa po ninyo ang LANDBANK upang mas ilapit sa bawat mamamayan ng Baggao ang mga programa at proyekto ng ating pamahalaan. We look forward to more years of progressive partnership with the Baggao LGU as we explore more avenues for collaboration, in the service of Baggaoeños and the nation at large,” said President Borromeo. Located at the Baggao LGU Compound in Brgy. San Jose, the LANDBANK Baggao Agri-Hub is headed by Elcidita J. Villaruz under the supervision of Tuguegarao (Capitol) Branch Head, Joselita S. Simeon. The newly-inaugurated Agri-Hub forms part of LANDBANK’s physical network in the province, consisting of 10 Branches and Branch-Lite Units, 54 ATMs, seven CDMs, and one mobile ATM. “We want to convey our sincerest gratitude to LANDBANK for their unwavering assistance towards the convenience and welfare of Baggaoeños. The Baggao LGU will always be ready to support your undertakings, as we mutually fulfill our vision of providing responsive public service,” said Mayor Pattung. Strategically located in the top rice-producing provinces in the country, LANDBANK Agri-Hubs are designed to provide banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns from landowners, bondholders, and Agrarian Reform Beneficiaries (ARBs). LANDBANK now operates a total of 16 Agri-Hubs nationwide, located in the Provinces of Pangasinan, Ilocos Sur, Isabela, Pampanga, Nueva Ecija, Oriental Mindoro, Camarines Sur, Negros Occidental, Iloilo, Bohol, Misamis Occidental, Misamis Oriental, Bukidnon, Sarangani, and Davao del Norte.
READ MOREThe Land Bank of the Philippines (LANDBANK) is ramping up its campaign of advancing convenient and efficient digital payments by onboarding 72 Local Government Units (LGUs) to its Link.BizPortal payment platform in the first three months of 2023. The LGUs onboarded among others were: the Provincial Governments of Nueva Vizcaya, Marinduque, and Guimaras; the City Governments of San Carlos (Pangasinan), Bacolod, Tanjay, Guihulngan, Sagay, Pagadian, Kidapawan; and 62 municipalities nationwide. Through LANDBANK’s digital payment platform, customers can skip long queues and save time by paying online for local government fees, dues, and charges. "LANDBANK is supporting local government partners to leverage on technology and deliver convenient and responsive public services. We are also encouraging customers to adopt digital payments towards building a cash-lite society,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order 170 or the Adoption of Digital Payments for Government Disbursement and Collections. In total, LANDBANK has onboarded 100 new Link.BizPortal partner merchants this year, including State Universities and Colleges (SUCs); National Government Agencies (NGAs), water districts, and private merchants. The Link.BizPortal is LANDBANK’s web-based payment channel that allows clients to pay for products and services online to 1,236 government and private partner merchants nationwide. As of the first quarter of 2023, the LANDBANK Link.BizPortal has facilitated close to 2.2 million transactions, representing increases of 58% year-on-year. LANDBANK targets to onboard more government and private merchants to over 1,603 merchants by end-2023. LANDBANK’s digital transformation fully supports the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MOREHimamaylan City Treasurer Caroline Castro (left) and City Accountant Nolan Fortunado (right) use LANDBANK's WeAccess facility to conveniently manage the local government’s banking transactions online. HIMAMAYLAN CITY, Negros Occidental – The City Government of Himamaylan has lauded the Land Bank of the Philippines (LANDBANK) and its digital banking platforms for providing meaningful support to the City’s delivery of essential public services. Himamaylan City Mayor Rogelio Raymund Tongson, Jr. cited the ease provided by the Bank in facilitating financial transactions between the LGU and its constituents, which began prior to the onset of the global health pandemic. “LANDBANK’s convenient, reliable, and efficient services have unintentionally prepared the LGU with the impacts of the COVID-19 pandemic, which posed multiple inconveniences and limitations to the day-to-day operations of the city. Since its partnership with LANDBANK, the city has faced less issues concerning security, accuracy, and time management,” said Mayor Tongson. As of the first quarter of 2023, the LANDBANK Link.BizPortal has facilitated close to 2.2 million transactions, representing increases of 58% year-on-year. LANDBANK targets to onboard more government and private merchants to over 1,603 merchants by end-2023. LANDBANK’s digital transformation fully supports the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation.
READ MORE(left photo) LANDBANK President and CEO Cecilia Cayosa Borromeo (leftmost) and Sta. Ana Vice Mayor Catherine J. Ladrido (rightmost) lead the inauguration of the LANDBANK CEZA (Cagayan) Branch-Lite (right photo) in the Municipality of Sta. Ana in Cagayan. Joining them are CEZA representative Engr. Carlo D. Sales (2nd from right), LANDBANK Director Atty. David D. Erro (5th from right), Executive Vice President Liduvino S. Geron (3rd from right), and Senior Vice President Ma. Belma T. Turla (4th from right). STA. ANA, Cagayan – The Land Bank of the Philippines (LANDBANK) officially inaugurated a branch-lite unit in this second-class town, in an effort to promote inclusive growth and development in the Province of Cagayan. Located on the ground floor of the Cagayan Special Economic Zone (CEZA) Corporate Center in Barangay Centro, the LANDBANK CEZA (Cagayan) Branch-Lite will provide convenient and accessible banking products and services to all the 16 barangays of Sta. Ana and the 25 barangays of Gonzaga. The new touchpoint will ease the burden of residents, including CEZA investors and co-locators, from traveling about 80 kilometers to perform their transactions at the nearest LANDBANK branch in the town of Aparri. LANDBANK President and CEO Cecilia Cayosa Borromeo and Sta. Ana Vice Mayor Catherine J. Ladrido led the inauguration rites for the LANDBANK CEZA (Cagayan) Branch-Lite on 28 April 2023. They were joined by CEZA Acting Head for Freeport Facility Department (FFD) and Environmental and Public Safety Department (EPSD) Engr. Carlo D. Sales, LANDBANK Director Atty. David D. Erro, Executive Vice President Liduvino S. Geron, and Senior Vice President Ma. Belma T. Turla. “The LANDBANK CEZA (Cagayan) Branch-Lite underscores the Bank’s continuing commitment to bolster economic growth in the municipality of Sta. Ana and its neighboring towns. This touchpoint makes banking products and services more accessible to Cagayanos, in line with the National Government’s financial inclusion agenda,” said LANDBANK President Borromeo. Meanwhile, Sta. Ana Vice Mayor Ladrido expressed her gratitude to LANDBANK for its continued support to the development of the town. “It is really through your support that changed the lives of many of our constituents here, including the agriculture and fisheries sector. Rest assured that we have rendered all our support to LANDBANK,” she said. The newly inaugurated branch-lite is also expected to service customers from geographically isolated and disadvantaged areas, including the coastal towns of Divilacan, Maconacon, Palanan, and Dinapigue in the Province of Isabela. Customers from the barangays of Bolos Point in Gattaran and Valley Cove in Baggao—where access roads to their respective commercial towns are still being developed—will also benefit from its services. The LANDBANK CEZA (Cagayan) Branch-Lite has an automated teller machine (ATM) and cash deposit machine (CDM) to facilitate cash withdrawals and real-time deposits for over 3,500 combined beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), local government employees, private depositors, and other customers. To help simplify the account enrolment process and reduce the account opening time of customers, the branch-lite also features a Digital Corner where customers can conveniently open a deposit account using the LANDBANK Digital Onboarding System (DOBS). LANDBANK is the only bank present in all 82 provinces of the country, with 607 branches and branch-lite units, 58 lending centers, 2,906 ATMs, 224 CDMs, and 1,072 Agent Banking Partners (ABPs).
READ MOREThe Land Bank of the Philippines (LANDBANK) posted a 30% growth in value for its major digital banking platforms in the first quarter of 2023 compared to the same period last year. The increase to 735.95 billion from the previous year’s P567.6 billion was facilitated by a total of 41.2 million transactions representing a 5% rise year-on-year via the LANDBANK Mobile Banking App (MBA), weAccess, Electronic Modified Disbursement System (eMDS), Link.BizPortal, iAccess, and the LANDBANK Bulk Crediting System (LBCS). "The growing adoption and utilization of our digital channels is a testament to LANDBANK’s steadfast commitment to provide safe and convenient banking services. We remain focused on investing in our digital infrastructure to meet the evolving and diverse needs of our customers," said LANDBANK President and CEO Cecilia Cayosa Borromeo. The LANDBANK Link.BizPortal, the Bank’s web-based payment channel, facilitated 2.18 million transactions which translate to a 58% climb amounting to P3.0 billion in value. Both the LANDBANK weAccess and iAccess recorded value increases of 39% and 2%, amounting to P199.38 billion and P4.6 billion, respectively. The LANDBANK MBA’s facilitated value also went up by 31% to P61.79 billion with an 8% jump in total transactions of 32.2 million. The LBCS saw the biggest increase in value at 1,402% amounting to P19.7 billion from 1.8 million recorded transactions. The Bank's eMDS platform likewise experienced significant growth in value by 22% to P447.5 billion from a total of 597,496 transactions, which is equivalent to about 85% of all disbursements of the National Government in the first three months of the year. Meanwhile, a total of 4 million accounts have been opened via the LANDBANK Digital Onboarding System (DOBS) since 2018, which include accounts opened for clients of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. LANDBANK's continuing digital innovations has enabled it to provide convenient and accessible banking services to more Filipinos, in line with its thrust of advancing financial inclusion in the country.
READ MORESan Jose City Mayor Mario O. Salvador (center) and LANDBANK Nueva Ecija Lending Center Head, Vice President Eduardo N. Reyes, Jr. (leftmost) lead the ceremonial signing of a P272-million loan agreement for the construction of public school buildings in the City. Joining them are City Treasurer Arnold A. Escuadro (4th from left), LANDBANK San Jose Branch Head Imelda G. Eusebio (2nd from left), and Account Officer Ruben A. Laureta (rightmost). SAN JOSE CITY, Nueva Ecija – The Land Bank of the Philippines (LANDBANK) has granted the City Government of San Jose a P272-million loan for the construction of new public school buildings, towards providing accessible and quality education for San Joseños. The San Jose LGU will use the funding to build 18 new public school buildings, 15 of which are allotted for elementary schools, two for secondary schools, and one for an integrated school. The project will be implemented in 15 different barangays, including areas with high incidence of drop-outs due to the lack of nearby educational facilities and high education cost incurred by mostly farmer-parents. “LANDBANK is committed to providing meaningful investments to advance inclusive, quality education. Our partnership with the City of San Jose will support its continuing development and transcend generations of residents,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Once completed and operational, the new school buildings will provide 115 additional classrooms to around 4,025 students at an ideal classroom to student ratio of 1:33. This will help accommodate more students, from 33,357 to 37,382, who mostly come from families of farmers, regular fixed income earners, and micro and small entrepreneurs. The project will also benefit the local economy by generating new employment to 72 additional teachers. San Jose City Mayor Mario O. Salvador and LANDBANK Nueva Ecija Lending Center Head, Vice President Eduardo N. Reyes, Jr. led the ceremonial signing of the loan agreement on 25 April 2023. They were joined by City Treasurer Arnold A. Escuadro, LANDBANK San Jose Branch Head Imelda G. Eusebio, and Account Officer Ruben A. Laureta. Mayor Salvador thanked LANDBANK for its support in providing better educational facilities to the youth of San Jose. “We aim to deliver quality convenient education through the construction of various school buildings, especially in remote areas of our community, which will minimize school drop-outs and ease the financial burden of parents,” said Mayor Salvador. LANDBANK has been a partner of the San Jose LGU since 2002 in delivering responsive and meaningful public services. The Bank has previously supported local development projects that include the acquisition of heavy equipment and construction of public market, farm to market roads, school buildings, overflow bridge, and other essential infrastructure facilities.
READ MOREThe Land Bank of the Philippines (LANDBANK) has countered the claim that it has ‘failed in its mandate’ with a report on its outstanding loans to the agriculture sector reaching P271.8 billion as of March 2023. It represents 14.8% year-on-year growth, with P42.3 billion of the loans directly benefitting small farmers and fishers nationwide. LANDBANK has remained faithful to its social mandate of promoting inclusive and sustainable development, primarily by being the biggest credit provider to the agriculture sector reaching all components of the agriculture value chain. The Bank’s total agri loan portfolio has sustained its upward trajectory with an average growth rate of 10.4% from 2012 to 2022, even as the agriculture sector grew sideways by an average of 0.64% in the same period. As the financial intermediary of the Comprehensive Agrarian Reform Program (CARP), LANDBANK has inspected and valued 1.6 million hectares of private agricultural lands distributed by the Department of Agrarian Reform (DAR) to 958,623 Agrarian Reform Beneficiaries (ARBs), with 90,995 landowners compensated amounting to P81.7 billion. The Bank has also extended P2.7 billion in loans to 2,356 individual ARBs and 469 ARB cooperatives and farmers’ associations nationwide. Financial leader and digital enabler Led by solid governance and leadership, the Bank continues to build its strong financial muscle to support other key development sectors. LANDBANK recorded a net income of P10.8 billion in the first quarter of the year, buoyed by higher revenues and lower operating costs. The Bank’s assets and capital both expanded year-on-year, while financial ratios likewise remain at healthy levels. As the country’s largest GOCC, LANDBANK has the financial capacity and resources, and experience to support the National Government’s development agenda. It is also supportive of strategic measures to promote greater operational efficiency, cost savings and stronger fiscal position to service the country’s development needs. Meanwhile, 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. LANDBANK likewise supports public and private partners to adopt digital payments for disbursements and collections. The Bank has onboarded 890 government merchants and 346 private entities in the LANDBANK Link.BizPortal payment platform as of 31 March 2023. LANDBANK is also the only government entity that offers an online ordering platform for bond issuances of the government, most recently the Retail Treasury Bonds Tranche 29 (RTB-29) of the Bureau of the Treasury (BTr). Development partner of LGUs and NGAs 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. As of 31 March 2023, LANDBANK’s outstanding loans to LGUs nationwide have reached P94.5 billion. Majority of National Government Agencies (NGAs) and other government-owned and controlled corporation (GOCCs) also have LANDBANK as their major depository bank, which also services their collection and disbursement requirements through the On-line National Collection System. The Bank also facilitates the collection of taxes for the Bureau of Internal Revenue (BIR) and collection of tariffs and duties for the Bureau of Customs (BOC), while servicing the payroll and grants of public partners and pensioners, respectively. Extensive network LANDBANK is the only bank present in all 82 provinces of the country, providing accessible products and services, including to underserved and remote communities. Bank touchpoints are composed of 607 branches and branch-lite units, 58 lending centers, 2,906 ATMs, 224 CDMs, and 1,751 Agent Banking Partners POS cash-out terminals. Clients may also access 2,391 PAPI ATMs located in 7-Eleven stores nationwide. Distribution arm of social protection programs LANDBANK serves as the main distribution arm of the National Government’s social protection programs, which include the delivery of cash grant to the 9.9 million beneficiaries of the country’s Conditional and Unconditional Cash Transfer programs. The Bank has also provided assistance to various sectors of the economy affected by the COVID-19 pandemic, delivering social amelioration support to displaced workers, small businesses, Overseas Filipino Workers (OFWs), and PUV drivers and operators. Through the years, LANDBANK has taken a more prominent role at the forefront of nation-building: from providing reliable banking services and financial interventions, to accelerating financial inclusion, supporting vulnerable sectors, revitalizing local economies, and pursuing initiatives in support of the National Government’s inclusive development agenda.
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 |
