(clockwise from upper left) Department of Agrarian Reform (DAR) Bureau of Agrarian Reform Beneficiaries Development (BARBD) Director Dr. Ronald M. Gareza, CESO IV and LANDBANK Program Management Department I Head, Assistant Vice President Edgardo S. Luzano lead the fourth run of the LANDBANK AgriSenso Virtual Forum on 24 October 2022. Joining them are Mauanan Baluncanag Gaddangao Farmers Irrigators Credit Cooperative Treasurer Sharon B. Eugenio, Southern Isabela ARB Charibel Francesca, and Batangas Egg Producers Multi-Purpose Cooperative Director Cecille A. Virtucio. The Land Bank of the Philippines (LANDBANK) gathered small farmers and fishers, agrarian reform beneficiaries (ARBs), and their organizations to discuss the National Government’s development plan towards building sustainable and resilient agrarian reform communities. Department of Agrarian Reform (DAR) Bureau of Agrarian Reform Beneficiaries Development (BARBD) Director Dr. Ronald M. Gareza, CESO IV and LANDBANK Program Management Department I Head, Assistant Vice President Edgardo S. Luzano led the discussions during the fourth run of the LANDBANK AgriSenso Virtual Forum on 24 October 2022. They were joined by agriculture partners and loan availers, namely Mauanan Baluncanag Gaddangao Farmers Irrigators Credit Cooperative Treasurer Sharon B. Eugenio, Southern Isabela ARB Charibel Francesca, and Batangas Egg Producers Multi-Purpose Cooperative Director Cecille A. Virtucio, who shared how LANDBANK and DAR have assisted to enhance their productivity and income. Director Gareza discussed the various interventions that DAR has been carrying out to help address the challenges facing ARBs in land tenure and disputes. He also underscored the importance of support services, including capacity development and credit and marketing assistance, to support and ease the burden of ARBs. Meanwhile, AVP Luzano, together with Program Officers Glecy Angeles and Crisso Pernito, presented the features of the various credit programs being offered by LANDBANK for ARBs and their organizations. Accessible financing for ARBs, ARBOs LANDBANK and DAR have been working closely to extend affordable financing and support services for ARBs and their organizations. Under the Accessible Funds for Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs) Program, LANDBANK provides direct credit assistance to individual ARBs who are not yet members of Agrarian Reform Beneficiary Organizations (ARBOs). The loans can be used for the production of rice, corn and high-value crops, and acquisition of small farm implements, such as hand tractors and power tillers. The Bank has released a total of P506.1 million to 2,200 borrowers under the AFFORD-ARBs Program as of 30 September 2022. LANDBANK, in partnership with DAR, also implements the Credit Assistance Program for Program Beneficiaries Development (CAP-PBD), designed for ARBOs that are not yet qualified to borrow under the regular lending window of the Bank. The Program provides credit assistance and support services to ARBs through their respective organizations for crop production, agri-enterprise or livelihood and other agri-related projects. LANDBANK and DAR also offer the Expanded Assistance to Restore and Install Sustainable Enterprises for Agrarian Reform Beneficiaries and Small Farm Holders (E-ARISE-ARBs), designed to assist ARBOs which and whose members were adversely affected by natural calamities or disasters, pests and diseases, and other viral infections or outbreaks. As of September 2022, LANDBANK’s combined releases under CAP-PBD and E-ARISE-ARBs have reached P736.4 million, benefitting 219 ARBOs with more than 11,000 ARBs and small farm holder-members nationwide. Qualified ARBOs can also avail of credit assistance under the Enhanced Partnership Against Hunger and Poverty (EPAHP) Lending Program of LANDBANK, which can be used to purchase orders or contract receivables from government agencies for the provision of needed food items. The Program supports the government’s efforts to address hunger, poverty, food security and nutrition, through community participation in government contracts. LANDBANK’s total loan releases under the EPAHP Lending Program have reached P9.6 million to seven agri suppliers as of September 2022.
READ MORELANDBANK won Merit Awards for environmental development, infrastructure development, and financial inclusion at the ADFIAP Development Awards 2022 on 26 October 2022. The Land Bank of the Philippines (LANDBANK) garnered three Merit Awards during the 45th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meeting on 26 October 2022 at the Conrad Hotel in Pasay City. “These recognitions from the ADFIAP highlight LANDBANK’s expanded coverage as a development institution. We will continue our efforts to help address climate change; support key economic industries to recovery and resiliency; and fast-track financial inclusion nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK received the Merit Award on Environmental Development for the Renewable and Efficient Alternative (REAL) Energy Financing Program, which supports renewable energy projects that promote local capacity for climate change adaptation and mitigation. As of 31 August 2022, LANDBANK has approved P20.2 billion in loans to 59 borrowers under the REAL Energy Financing Program. The Bank also received the Infrastructure Development Merit Award for providing efficient right-of-way appraisal services for the infrastructure projects of the Department of Public Works and Highways (DPWH) and Department of Transportation (DOTr). In 2021, the Bank successfully appraised around 10,000 properties for 92 big-ticket infrastructure projects for roads, highways, bridges, and railways, to help stimulate local economic activities, attract foreign investments, and create employment opportunities. LANDBANK likewise received the ADFIAP Merit Award for Financial Inclusion for its contribution to the Enhanced Partnership Against Hunger and Poverty (EPAHP) initiative, which aims to mitigate hunger, ensure food and nutrition security, and reduce poverty in urban and rural communities. The Bank alloted P2 billion under the LANDBANK EPAHP Lending Program to extend collateral-free loans to farmers and fishers groups organized as Community-Based Organizations (CBOs), who in turn supply food items for the feeding programs of partner government agencies. LANDBANK has released under the EPAHP Lending Program a total of P9.6 million to seven agri suppliers as of September 2022 The ADFIAP is on its 45th year of recognizing outstanding leadership achievements by individuals and organizations in the Philippines and across the Asia-Pacific region.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (4th from left) and other Bank officers pay a courtesy visit to Pasig City Mayor Victor Ma. Regis “Vico” N. Sotto (5th from left) on 07 November 2022, to discuss potential collaboration programs to advance the City Government’s digitalization efforts. PASIG CITY – The Land Bank of the Philippines (LANDBANK) expressed full support to accelerating the Pasig City Government’s digitalization thrust towards the efficient delivery of responsive public services in the city. LANDBANK President and CEO Cecilia C. Borromeo met with Pasig City Mayor Victor Ma. Regis “Vico” N. Sotto on 07 November 2022, to discuss potential partnerships to digitize local processes and promote contactless payments in public markets and transport. The principals discussed providing local market vendors with electronic wallets, such as the versatile all-in-one mobile payment application LANDBANKPay, for more efficient and convenient payment of goods. The City can likewise consider implementing the Automated Fare Collection System (AFCS) for commuters using the LANDBANK prepaid contactless cards for convenient and safe cashless payments in Public Utility Vehicles (PUVs), with the LGU willing to provide free rides for Pasigueños. LANDBANK currently provides the City Government of Pasig with digital banking facilities designed to improve its operational efficiency. These include the LANDBANK Link.BizPortal that allows residents to pay their real property taxes, business permits, and other financial obligations to the City Government anytime and anywhere, without the need to physically line up at the city hall. LANDBANK and the Pasig City LGU have also been working closely for the efficient and convenient distribution of cash assistance to local senior citizens and student scholars. Beneficiaries receive their cash grants in a timely manner from the City Government through LANDBANK Cash Cards. Beneficiaries can withdraw their cash grants for free from 78 LANDBANK ATMs or via over-the-counter at 11 LANDBANK branches in Pasig City, as well as from ATMs in 7-Eleven convenience stores near them. The LANDBANK Cash Cards can also be used to make cashless purchases in groceries, drugstores, and other accepting merchants via Point-of-Sale (POS) terminals.
READ MOREQualifications The promo is exclusive to Visa Credit, Debit, and Prepaid cards issued in the Philippines. 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. Enter promo code “VISA200OFF” 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. Terms and Conditions Qualified Visa cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P200 off, with a minimum spend of P3,500. Promo discount is valid for eligible Shopee users during the promo duration. Promo discount is valid for one-time use on November 11, 2022 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 can only be applied on purchases from Preferred Shops, Mall Shops, Free Shipping Special Sellers, and Coin Cashback Sellers that ship from the Philippines. 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. Customer Support For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph
READ MOREPromo Mechanics Promo Period: November 11 - 13, 2022 Promo Period and Promo Offer The Promotion is open to all active users in good standing of the LANDBANK/OFBank Visa Debit Card. Promo Offer: Enjoy 15% OFF with Landbank and OFBank on Lazada s 11.11 Mega Sales! The promo is valid on regular and sale items at Lazada. Discount applies with a minimum spend of P1,000, charged to the LANDBANK and OFBank Visa Debit Card. Discount is capped at Php 500. Discount is redeemable from: November 11-13, 2022 with code: LBPLAZ11 Discount code is valid for three-time use per promo period on Lazada's mobile app and website. Discount will apply when the voucher is entered at the Payment Page and the eligible LANDBANK and OFBank VisaDebit Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check -out. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below(under the Milk Code) and other goods from blacklisted sellers set by Lazada. Purchase must be made using an eligible LANDBANK Visa Debit Card during the valid promo period from November 11 - 13, 2022. Payment codes cannot be used with other collectible or static code discount vouchers. Transaction must be made within the Promo Period to availof the Promo. The Promo is valid at Lazada Philippines Smartphone mobile app and website. How to Avail of the Discount Open the Lazada website (www.lazada.com.ph) or download the Lazada app for free via App Store for Apple users orGoogle Play store for Android users. Select the item/s you wish to purchase then click "Add to Cart". Prepare your card details for the transaction. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click "Check Out". Input the voucher code on the checkout page to apply the discount. Enter your shipping and billing information and select the credit card as payment method. Enter your LANDBANK/OFBank Visa Debit Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. Click "Place Order" to complete the transaction. Terms and Conditions Minimum spend of P1,000 isrequired. Minimum spend applies to the total price of selected items in cart prior to any discounts. Discount capped at P500. Valid for three-time use per promo duration per customer. Discount is applied when customer enters eligible LANDBANK/OFBank Visa Debit Card details. Discount is applied automatically at the checkout only when the voucher code has been successfully applied on the order. Discount is not transferable and may not be converted to cash, credit, kind or similar financial instruments. Discount cannot be applied retroactively. Discount is not applicable to items marked "Voucher code not applicable on this item". All cancelled orders will not be valid for re-instatement of voucher codes. Payment codes cannot be used with other collectible or static code discount vouchers. The use of promo code is subject to the Lazada Voucher Terms and Conditions Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact.
READ MORELANDBANK and the Department of Agriculture deliver cash assistance to rice farmers in Allacapan, Cagayan on 26 October 2022, under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program. CAGAYAN PROVINCE – More than 6,200 rice farmers from this province received cash assistance worth P5,000 each under the Rice Competitiveness Enhancement Fund - Rice Farmers Financial Assistance (RCEF-RFFA) Program from the Land Bank of the Philippines (LANDBANK). In partnership with the Department of Agriculture (DA), the cash assistance was credited to LANDBANK Intervention Monitoring Cards (IMCs) of beneficiaries from Cagayan, composed of over 3,000 rice farmers from the Municipality of Gattaran, 1,850 from Allacapan, and 1,350 from Aparri. “LANDBANK is working closely with the DA to deliver cash assistance to rice farmers in the most immediate time. Rest assured that we will continue to complement the National Government’s development agenda towards building a sustainable and resilient agriculture sector,” said LANDBANK President and CEO Cecilia C. Borromeo. Through the LANDBANK IMCs, the farmer-beneficiaries can withdraw their cash grants from LANDBANK automated teller machines (ATMs) free of charge, cash-out funds from LANDBANK Agent Banking Partners (ABPs), and make cashless purchases in establishments and other accepting merchants via Point-of-Sale (POS) terminals, for the purchase of needed farm inputs. LANDBANK is also gearing up to deliver IMCs and cash assistance to DA-identified beneficiaries in other Cagayan municipalities, including Buguey, Calayan, Camalaniugan, Lal-lo, Gonzaga, Sta. Ana, and Sta. Teresita. As of 29 October 2022, LANDBANK has produced more than 126,000 IMCs for RCEF-RFFA beneficiaries, and opened accounts for additional 125,000 farmers for immediate production and distribution of their own cards. Under the RCEF-RFFA Program, beneficiaries are set to receive P5,000.00 worth of cash assistance each through the LANDBANK IMCs to boost agricultural productivity. LANDBANK serves as the disbursing arm of the RCEF-RFFA Program, designed to provide responsive financial support to eligible farmer beneficiaries identified by the DA, as part of the implementation of Republic Act No. 11203 otherwise known as the Rice Tariffication Law (RTL).
READ MOREThe 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.
READ MOREThe 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.
READ MORELANDBANK 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.
READ MORELANDBANK 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.
READ MOREAs of Thu, April 24, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.3874 | 0.402414 |
| EUR | 62.825564 | 65.256485 |
| GBP | 73.561749 | 76.408087 |
| HKD | 7.222614 | 7.76079 |
As of Wed, April 23, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557277 |
| Money Market Fund | 1.310499 |
| Money Market Plus Fund | 1.222999 |
| PERA Money Market Fund | 1.023529 |
| Medium-Term Bond Fund | 2.470284 |
| Bond Fund | 2.024201 |
| PERA Bond Fund | 1.198958 |
| Balanced Fund | 2.586074 |
| Growth Fund | 2.562272 |
| Alpha Equity Fund | 2.965405 |
| Blue Chip Equity Fund | 0.955259 |
| Equity Fund | 0.775159 |
| High Dividend Equity Fund | 1.007571 |
| US$ Money Market Fund | 1.431701 |
| Global $ Fund | 1.516504 |
