Polillo Mayor Angelique E. Bosque (2nd from right) are joined by LANDBANK officials EVP Liduvino S. Geron (3rd from right), SVP Althon C. Ferolino (4th from right), Infanta Branch Head Leonylyn N. Magbuhat (leftmost), and Real Branch Head Elizabeth L. Jalotjot (rightmost) in successfully opening the new LANDBANK offsite ATM in Pollilo, Quezon. POLILLO, Quezon – The Land Bank of the Philippines (LANDBANK) recently inaugurated the very first offsite Automated Teller Machine (ATM) in this municipality towards advancing greater financial inclusion. The new LANDBANK ATM is set to service the cash requirements of government employees and other ATM card holders, including the beneficiaries of the Department of Social Welfare and Development (DSWD), and eliminate the public’s need to travel to the municipality of Real to withdraw cash. The inauguration ceremony was led by Municipal Mayor Angelique E. Bosque alongside LANDBANK officials, including Executive Vice President Ludivino S. Geron, Senior Vice President Althon C. Ferolino, Assistant Vice President Ramil P. Remillano, Real Branch Head Elizabeth L. Jalotjot, and Infanta Branch Head Leonylyn N. Magbuhat on 21 September 2023 at the Polillo Municipal Building. “We continue to expand LANDBANK’s physical network nationwide with a greater focus on servicing underserved and unbanked communities. We have the full support of local partners to install touchpoints and provide accessible and responsive banking services,” said LANDBANK President and CEO Lynette V. Ortiz. As of 30 June 2023, Polillo is listed by the Bangko Sentral ng Pilipinas (BSP) as one of the unbanked municipalities in the Philippines. "We are truly grateful to LANDBANK for making our long-standing dream a reality. This ATM signifies the continues growth of the Municipality of Polillo, and will bring much-needed convenience to our government employees and all ATM cardholders in our town," said Mayor Bosque. The new LANDBANK ATM is also poised to stimulate tourism activities on Polillo Island, guaranteeing visitors access to convenient cash withdrawal services to further enhance the island's appeal as a prime tourist destination. LANDBANK is celebrating its 60th anniversary with a steadfast commitment to provide essential banking services nationwide, extending its reach to the most remote and underserved corners of the country.
READ MOREThe Land Bank of the Philippines (LANDBANK) remains strong, adequately capitalized, and compliant with regulatory requirements of the Bangko Sentral and Pilipinas (BSP). As of June 2023, the Bank’s total assets reached P3 trillion or 7.9% higher than P2.8 trillion in the same period a year ago, while net income stood at P20.9 billion from loans and investments earnings, exceeding its first-half target by 19% or P3.3 billion. The Bank also booked double-digit capital growth at 14.4% to P236.3 billion from P206.5 billion in 2022. Meanwhile, outstanding loans to agriculture and rural development was at P713.8 billion, representing 69% of its total loan portfolio of P1.04 trillion, almost three times the 25% requirement for local banks to allocate financing for agriculture, fisheries and rural development (AFRD) under Republic Act No. 11901 or “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022.” As of June 2023, LANDBANK’s Capital Adequacy Ratio (CAR) remains at a very healthy level of 16.61%, well above the 10% minimum requirement of the BSP, while our Common Equity Tier 1 (CET 1) ratio stands at 15.73%, also compliant with the 10.25% CET 1 requirement. The BSP tracks the Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET 1) ratio of banks to ensure that they are capable of absorbing a reasonable amount of financial risks and still comply with statutory capital levels. Both capital ratios are essential as it indicates a bank’s financial strength and how well it can weather financial challenges. A higher CAR means a bank is more financially stable and secure. Even with the Bank’s P50 billion seed capital to the MIC as mandated by Republic Act No. 11954, otherwise known as the Maharlika Investment Fund Act of 2023, the Bank will meet its CAR requirements.
READ MOREApply for LANDBANK's HOME Loan Program and enjoy interest rates as low as 6.00% The Promotion is open to all prospective availers of LANDBANK's Housing Opportunities Made Easy (HOME) Loan Program. Existing housing loan borrowers are also eligible for re-availment with the promotional rates provided that existing housing loans are in current status and have no history of past due. Click here for the terms and conditions.
READ MOREThe Land Bank of the Philippines (LANDBANK) posted a net income of P31.85 billion in the first nine months of the year, which is the highest ever for the Bank since it first breached the P30 billion mark at the end of 2022. The P31.85 billion profit is a significant 24% expansion from P25.7 billion in 2022. It also exceeds the state-run Bank’s target of P26.3 billion for the first three quarters by P5.6 billion, and represents 90.9% of the P35 billion full-year target for 2023. “The unprecedented income was driven by the aggressive expansion of our developmental loan portfolio, coupled with robust yields from loans and investments. We have likewise been prudent and disciplined with managing our expenses to maximize gains. We will ensure that our solid balance sheet continues to translate to substantial and meaningful support to the sectors we serve,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank generated P91.15 billion interest income from loans and investments, 35.9% higher than last year. LANDBANK’s total assets also booked double-digit growth of 11.5% to P3.1 trillion from P2.8 trillion. The increase was propelled by the 12.8% year-on-year expansion of deposits to P2.7 trillion. Meanwhile, the Bank’s capital likewise rose substantially by 21.9% to P249.2 billion from P204.4 billion in 2022, already exceeding the full-year target of P243.8 billion for 2023. LANDBANK’s financial ratios remain at healthy levels, with Capital Adequacy Ratio (CAR) at 16.15% and Common Equity Tier 1 (CET 1) at 15.30%, both well above the minimum requirements of the Bangko Sentral ng Pilipinas (BSP). Return on Equity stood at 15.97%, significantly higher than industry at 13.0% as of June 2023. LANDBANK ranks among the top universal banks in the country, coming in second in assets and deposits, and fourth in loans and capital as of the first semester of 2023.
READ MOREPCO Secretary Atty. Cheloy Velicaria-Garafil, MNSA (2nd from left) and LANDBANK Senior Vice President Marilou L. Villafranca (3rd from left) lead the signing of a Memorandum of Agreement for the Government Purchase Card (GPC) Program on 11 October 2023, at the Palacio de Maynila in Malate, Manila. They were joined by PCO Undersecretary Cherbett Karen L. Maralit (leftmost) and LANDBANK First Vice President Cielito H. Lunaria (rightmost). Towards advancing efficient, transparent, and swift government procurement, the Presidential Communications Office (PCO) has partnered with the Land Bank of the Philippines (LANDBANK) for the use of the Government Purchase Card (GPC) to pay for official goods and services. The GPC is similar to a credit card in function, designed to shorten and simplify the requisition process for government agencies and offices, as well as streamline the disbursement of payments to suppliers. PCO Secretary Atty. Cheloy Velicaria-Garafil, MNSA, and LANDBANK Senior Vice President Marilou L. Villafranca led the signing of the Memorandum of Agreement (MOA) on 11 October 2023 at the Palacio de Maynila in Malate, Manila. They were joined by PCO Undersecretary Cherbett Karen L. Maralit and LANDBANK First Vice President Cielito H. Lunaria. “Our overarching goal for the GPC Program is to expedite the delivery of meaningful and responsive public service, helping government agencies like the PCO to eliminate procurement lead time, facilitate digital and quicker payments, and lower administrative costs for purchases,” said LANDBANK President and CEO Lynette V. Ortiz. Under the Agreement, LANDBANK will issue Government Purchase Cards to authorized PCO personnel for the payment of eligible goods and services, such as miscellaneous small-value purchases; travel and representation; hotel and lodging; computer software, services, and digital content; and fuel, automotive parts, and services, among others. The GPC features pre-defined expenditure and credit limit; e-mail alerts for all GPC transactions; availability for online and cashless transactions via Point-of-Sale (POS); and monthly electronic statement of accounts. “This partnership is a step towards embracing digitalization to better serve the Filipino people. We thank LANDBANK for supporting the PCO in our digitalization journey,” said PCO Sec. Atty. Cheloy Velicaria-Garafil, MNSA. The PCO joins other government offices that are currently using the GPC, including the Office of the Vice President (OVP), Department of Finance (DOF), Department of Trade and Industry (DTI), Department of Budget and Management (DBM) and Bureau of the Treasury (BTr), among others. As of end-September 2023, LANDBANK has facilitated through the GPC combined transactions amounting to P19.7 million for various purchases and payments.
READ MOREThe Land Bank of the Philippines (LANDBANK) is giving clients a great reason to keep building their savings to reach their financial goals faster and safer. Individual depositors can now get more out of their savings through the LANDBANK OptiSaver—a new premium savings account that offers tiered interest rates as high as 4%* based on average daily balance. The LANDBANK OptiSaver offers to maximize savings with optimal interest rates as one of the financially rewarding deposit products out there – far surpassing the interest rates provided by traditional savings accounts. “With the LANDBANK OptiSaver, your money doesn’t simply rest, it works for you every single day. Whether you are saving for your dream home, a new car, a grand vacation, or a secure retirement, the OptiSaver can be your reliable partner in realizing these aspirations for you and your family,” said LANDBANK President and CEO Lynette V. Ortiz. As a savings account and not a time-bound investment product, the LANDBANK Optisaver has no tenor and allows account holders to withdraw cash at any time, which is especially important for emergencies. “We are inviting everyone to open an OptiSaver account today and maximize the potential of your savings. Let your money work for you and grow your savings faster and safer with LANDBANK,” President Ortiz added. LANDBANK has also made it very convenient for clients to deposit funds to their OptiSaver account digitally or in-person via various touchpoints, to keep them motivated to continue growing their savings and get higher interest rates. Interested depositors may open their LANDBANK OptiSaver account online via the LANDBANK Mobile Banking App (MBA) or by visiting any of the 606 LANDBANK branches and branch-lite units nationwide. For more information about the LANDBANK OptiSaver, please visit the official LANDBANK website and social media channels, contact the nearest LANDBANK Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MORECustomers of the Land Bank of the Philippines (LANDBANK) can now enjoy free online fund transfers to other banks via InstaPay and PESONet for transactions worth P1,000 and below effective 01 November 2023. For interbank fund transfers amounting to more than P1,000, customers can continue to enjoy a lowered fixed transaction fee of P15 from the previous rate of P25. LANDBANK’s waiving of transfer fees helps clients send money to loved ones in a safe, secure, and convenient manner, towards advancing greater financial inclusion and participation in the digital economy. “We are thrilled to announce that LANDBANK is waiving transaction fees for small-value online fund transfers to other banks. This is our holiday gift to our valued customers, as we continue to promote safe and convenient digital transactions,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK clients can enjoy waived transfer fee for their first three online fund transfers/transactions in a day via the LANDBANK Mobile Banking App (MBA), and the Bank’s online retail banking channel, the iAccess. Fund transfers from and to LANDBANK and Overseas Filipino Bank (OFBank) accounts, regardless of the amount, remain free of charge. The latest move of LANDBANK supports the call of the Bangko Sentral ng Pilipinas (BSP) to promote cashless payments by removing the fees on small-value fund transfers. Last July, LANDBANK increased the daily aggregate amount limit of fund transfers via InstaPay from P50,000 to P100,000 and via PESONet up to P500,000 and P1.5 million in LANDBANK MBA and iAccess, respectively. Daily transaction limit for fund transfer and bills payment has been removed, allowing customers to perform an unlimited number of transactions per day. Meanwhile, LANDBANK urges its customers to remain vigilant against online banking fraud by not clicking links from unknown senders. Customers are also reminded never to share and keep private their username or log-in ID, password, OTP and other account information.
READ MOREThe Land Bank the Philippines (LANDBANK) was ranked by Forbes as the 6th best employer in the Philippines for 2023—the only government institution to achieve this distinction. The state-run Bank also placed 304th overall globally in the latest Forbes’ World’s Best Employer list, based on a survey of over 170,000 employees from multinational companies and institutions in over 50 countries. The survey rated employers based on various criteria that includes talent development, remote working options, parental leave benefits, diversity, work-life balance, and pride in the company’s products or services. "Our employees are our greatest asset, right at the center of our vision, purpose, and mandate as a development institution. This recognition highlights our continuous commitment to prioritize our employees and put them in positions where they can best grow and succeed," said LANDBANK President and CEO Lynette V. Ortiz. Based on Forbes’ survey, LANDBANK’s efforts to maintaining a positive workplace contributed significantly to its ranking, coupled by its dedication to providing employees with opportunities for professional growth and ensuring a balanced work-life equation. LANDBANK is focused on further enhancing its talent management, strive for employee satisfaction, and cultivate a collaborative work culture towards delivering service excellence. The Bank implements various policies centered on physical and mental wellness, and facilitates relevant training and development programs. LANDBANK is celebrating its 60th anniversary this year, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MOREThe Land Bank of the Philippines (LANDBANK) has delivered P1.1 billion worth of fuel subsidy to 190,130 public utility vehicle (PUV) drivers and operators as of 09 November 2023, as part of its continued support to the transport sector amid rising fuel prices. Under the Fuel Subsidy Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB), LANDBANK has distributed subsidies to drivers and operators of public utility jeepneys and buses, taxis, and transportation network vehicle services (TNVS), among other qualified beneficiaries. “LANDBANK is one with the National Government in extending timely and responsive assistance to the local transport sector. Rest assured that we are ramping up the delivery of fuel subsidy to support PUV drivers and operators nationwide,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK is closely coordinating with the DOTr and LTFRB for the immediate distribution of financial aid to a total of 1.36 million target beneficiaries under the Fuel Subsidy Program. LTFRB is continuing to submit lists of qualified beneficiaries to LANDBANK, while the Bank is facilitating the crediting of fuel subsidies through the beneficiaries’ existing accounts in LANDBANK and other banks. Under the Program, drivers and operators of modernized public utility jeepneys and utility van (UV) express units receive P10,000.00 each, while drivers and operators of traditional PUV and TNVS receive P6,500.00 each. LANDBANK resumed the distribution of fuel subsidies to qualified PUV drivers under the Fuel Subsidy Program on 21 September 2023, after the Commission on Elections (COMELEC) approved the LTFRB's request to exempt the Program from the election spending ban.
READ MORE(left photo) Philippine Ambassador to Italy Neal Imperial (middle), LANDBANK President and CEO Lynette V. Ortiz (leftmost), and OFBank President and CEO Randolph L. Montesa (rightmost) sign an agreement for the conduct of financial education seminars for overseas Filipinos in Italy at the Philippine Embassy in Rome on 12 October 2023. (right photos) Leaders and members of Filipino communities in Rome and Milan participate in the financial education seminars conducted by LANDBANK and OFBank, in partnership with other government agencies. About 180,000 Filipinos living and working in Italy and Switzerland are expected to benefit from a series of free financial education seminars of the Land Bank of the Philippines (LANDBANK) and the Overseas Filipinos Bank (OFBank), in line with the National Government’s push for greater financial inclusion. The state-run banks will be working closely with the Philippine embassies and consulates from the two countries, along with the Department of Migrant Workers’ (DMW) overseas operating arms, to provide overseas Filipinos (OFs) and overseas Filipino workers (OFWs) with basic knowledge on saving, digital banking, financial security, and investing. The free financial education seminars also cover discussions on innovative banking solutions offered by LANDBANK and OFBank to better manage finances, which include safe and secure savings options, real-time fund transfer service for remittances, investment instruments, and loan products. “Providing financial education—particularly to our kababayans abroad—goes a long way in contributing to the economic growth and stability of the Philippines. This will complement ongoing efforts of other government agencies to support and empower OFWs and other Filipinos overseas towards greater financial freedom, stability, and prosperity,” said LANDBANK President and CEO Lynette V. Ortiz. Financial education seminars for around 167,000 Filipinos in Italy will be organized as part of the agreement between LANDBANK, OFBank, and the Philippine Embassy in Rome. This collaboration was formalized by Philippine Ambassador to Italy Neal Imperial, LANDBANK President Ortiz, and OFBank President and CEO Randolph L. Montesa on 12 October 2023 at the Philippine Embassy in Rome. Following the agreement, three financial education seminars were held in the cities of Rome, Milan, and Bologna from October 12 to 15 that gathered around 350 leaders and members of Filipino communities in Italy. Participants were able to open OFBank accounts during the seminars and enjoy the convenience of digital banking. In coordination with the Philippine Mission to the United Nations and Philippine Consulate General in Geneva, LANDBANK and OFBank also conducted a financial education seminar in Geneva, Switzerland on 16 October 2023. About 80 overseas Filipinos participated in the event and successfully opened online bank accounts. The state-run banks aim to hold free seminars in Switzerland for the benefit of over 14,600 overseas Filipinos there. LANDBANK and OFBank remain steadfast in their mutual commitment to promoting financial inclusion and security among overseas Filipinos and their families by equipping them with the necessary financial knowledge and resources.
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 |
