LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Lake Sebu Countryside Development Multipurpose Cooperative (MPC) Vice Chairman Felimon Elloran (leftmost) lead the signing of the Memorandum of Agreement to officially tap the cooperative as an Agent Banking Partner of LANDBANK in the municipality. Joining them are MPC Manager Rosie Makilan (2nd from left), and LANDBANK Senior Vice President Leila C. Martin (rightmost). LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) has tapped the Lake Sebu Countryside Development Multipurpose Cooperative (MPC) to serve as its Agent Banking Partner in this underserved municipality, as part of the Bank’s mandate to advance greater financial inclusion in the country. As a LANDBANK Agent Banking Partner, the Lake Sebu Countryside Development MPC will now offer basic banking services, such as card sale, cash-in, cash-out, fund transfer, and bills payment, as well as other services that may be offered by LANDBANK in the future. The cooperative will also service the cash requirements of around 13,700 beneficiaries of the National Government’s Conditional Cash Transfer (CCT) Program in the area, who previously had to travel to the municipality of Surallah to withdraw their cash grants. “Our MOA signing represents a big step in providing access to banking services to the unbanked municipality of Lake Sebu. As we deliver our services closer to our customers here, we are also allowing them to enjoy lower transaction costs and save on travel expenses,” LANDBANK President and CEO Cecilia Cayosa Borromeo said. President Borromeo and Lake Sebu Countryside Development MPC Vice Chairman Felimon Elloran led the signing of the Memorandum of Agreement to formalize the partnership on 20 January 2023 at the Punta Isla Lake Resort in Lake Sebu. They were joined by the cooperative’s Manager, Rosie Makilan, and LANDBANK Senior Vice President Leila C. Martin. Under its Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no Bank presence. As of 31 December 2022, LANDBANK has a total of 1,056 Agent Banking Partners nationwide, covering all 82 provinces and 827 municipalities. This includes 206 unbanked municipalities based on the list of the Bangko Sentral ng Pilipinas (BSP) as of December 2021, and 621 underserved municipalities or with limited LANDBANK presence. The LANDBANK Agent Banking Program is in compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, wherein banks are allowed to serve customers through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand its reach and serve customers more efficiently.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from right) receives a plaque of commendation from Lake Sebu Mayor Floro S. Gandam (4th from right) during the Financial Literacy Training Program and Natural Farming Management Workshop in Lake Sebu, South Cotabato on 20 January 2023. Joining them are (L to R) LCDFI Chairperson Consuelo N. Padilla, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) through its foundation successfully conducted trainings on financial literacy and natural farming in this town on 20 January 2023, in line with the Bank’s commitment to advance financial inclusion while extending support to the agriculture sector. In partnership with the Holy Child Central Colleges, Inc. (HCCCI) and the local government of Lake Sebu, the trainings were designed to enhance the technical capacity and livelihood skills of farmers, fishers, small and medium entrepreneurs, and LGU employees in the area. LANDBANK President and CEO Cecilia Cayosa Borromeo observed the training proceedings, together with Lake Sebu Mayor Floro S. Gandam, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin, and LANDBANK Countryside Development Foundation, Inc. (LCDFI) Chairperson Consuelo N. Padilla. “Apart from offering accessible credit, LANDBANK also provides innovative capacity-building interventions to our partners. We are promoting financial inclusion to advance economic opportunities and help spur sustainable development in local communities,” President Borromeo said. President Borromeo examines the natural fertilizers produced by the participants from the Natural Farming Management Workshop. Among the farmer organizations who participated in the one-day training workshop include the Lake Sebu Vegetable Association (LAS VEGAS), Lake Sebu Indigenous Women and Farmers Association (LASIWFA), and the MNLF Luhib Lake Sebu Coconut Farmers Organization (MLLSCFO). Since July 2022, LCDFI has conducted 32 training sessions that benefitted a total of 6,000 farmers, fishers, and farm laborers from all the barangays of Lake Sebu. They form part of the total 300,300 training participants that LCDFI has supported nationwide from July 2020 until December 2022, located in 196 unbanked municipalities in 53 provinces. The LCDFI is a non-stock, non-profit corporate foundation of LANDBANK, and serves as its training arm to strengthen cooperatives and assist farmers and fishers in their development.
READ MOREThe Land Bank of the Philippines (LANDBANK) generated a net income of P30.1 billion in 2022—surpassing by almost P5 billion its full-year target of P25.7 billion—for a significant 38.2% expansion from P21.7 billion in 2021. The state-run Bank breached the P30 billion mark in total net income for the very first time, driven by the substantial interest income from loans and investments, alongside earnings from fees, commissions, and foreign exchange, among other income sources. “LANDBANK’s strong performance in 2022 represents another milestone year, with a solid balance sheet that continues to overcome external headwinds and yield sustainable growth. We look forward to a more favorable economic environment this year, as we take on a more prominent role in nation-building as a development institution,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK’s assets posted a double-digit growth of 21.5% to reach P3.1 trillion from P2.6 trillion. The increase was propelled by deposits expanding 21.8% to P2.8 trillion from P2.3 trillion year-on-year. The government sector accounted for the bulk of the Bank’s total deposits at 67.6% or P1.9 trillion. This includes deposits from national government agencies and GOCCs which increased by 48.1% and 22.5%, respectively, over the previous year. LANDBANK’s capital likewise grew a modest 1.4% to P210.6 billion from P207.7 billion. This was accomplished despite the P8.5 billion in special cash dividends remitted to the National Government in June 2022, due to the record net income. Meanwhile, the Bank’s financial ratios remain at healthy levels, with return on equity at 14.37%, return on assets at 1.05%, and net interest margin at 2.97%. LANDBANK’s sound financial position is boosting its capacity to extend support to key development sectors, as part of its broader thrust of serving the nation.
READ MOREGovernance Commission for GOCCs (GCG) Chairperson Alex L. Quiroz (left) and LANDBANK President and CEO Cecilia Cayosa Borromeo (right) sign LANDBANK’s Performance Scorecard measures and targets for the year on 24 January 2023 at the GCG Office in Makati City. The new performance scorecard was aligned with the Bank’s 2023-2028 Medium-Term Plan (MTP) that supports the National Government’s priority agenda. The performance agreement between GCG and LANDBANK has been executed pursuant to GCG Memorandum Circulars 2013-02 and 2017-02, which provide the framework for setting the organizational targets of a GOCC.
READ MORELANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) along with Pryce Corporation Chairman Salvador P. Escaño (4th from left) and President Efren A. Palma (5th from left) lead the signing of a P1.6-billion credit agreement to fund the firm’s expansion on 27 January 2023 at the LANDBANK Plaza in Malate, Manila. Joining them are Pryce Gases, Inc. Chairman Atty. Earl Christian L. Lerio (rightmost), LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos (2nd from left) and Charlotte I. Conde (leftmost). The Land Bank of the Philippines (LANDBANK) and Pryce Corporation signed a P1.6-billion loan agreement to fund the expansion of the firm’s operations in real estate development and liquefied petroleum gas (LPG) distribution. LANDBANK President and CEO Cecilia Cayosa Borromeo, Pryce Corporation Chairman Salvador P. Escaño and President Efren A. Palma led the signing on 27 January 2023 at the LANDBANK Plaza in Malate, Manila. They were joined by Pryce Gases, Inc. Chairman Atty. Earl Christian L. Lerio, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Charlotte I. Conde, and Vice President Jimmy P. Arco. “LANDBANK is committed to supporting the continued expansion of Pryce Corporation to help provide a wide array of essential products and services to customers nationwide. We stand ready to serve the growth requirements of the firm and its subsidiaries, as well as other productive businesses towards advancing inclusive economic development,” said President Borromeo. Of the total loan amount, Pryce Corporation will allocate P1.5 billion for the construction of LPG terminals and refilling stations of its subsidiary, Pryce Gases, Inc. Pryce’s other subsidiary, Oro Oxygen Corporation, will be supported with P105 million to fund the expansion of its LPG products distribution. The remaining P55 million will finance the development of Pryce Company’s memorial parks and columbariums in major cities of Mindanao, including one in Iligan City that is currently ongoing construction. “The P1.6-billion loan from LANDBANK, combined with Pryce’s existing resources, will help Pryce to further expand its LPG infrastructure and penetrate the market more deeply, thereby enabling Pryce to increase its market share. It will also bring the PRYCEGAS products closer and more accessible to the many household consumers,” said Chairman Escaño. Pryce Corporation was established as a property holding and real estate development company, which is principally involved in the development of memorial parks and sale of memorial lots. At present, it has a total of 13 memorial parks in Mindanao and one columbarium in Cagayan de Oro City. LANDBANK supports the financing requirements of key productive sectors of the economy, to drive its broader thrust of nation-building in serving the nation.
READ MOREILAGAN CITY, Isabela – The Land Bank of the Philippines (LANDBANK) joined the Province of Isabela in celebrating the annual Bambanti Festival to honor the hard work of local farmers and express gratitude for a bountiful harvest. Bambanti, the Ilocano term for scarecrow, is regarded as the guardian of Isabela’s farms and fields. LANDBANK set-up a booth in the Provincial Capitol Grounds in Ilagan City—the country’s corn capital—during the week-long celebration to accommodate potential clients and offer the Bank’s products and services to attendees of the festival, which was sponsored in part by LANDBANK. Over the years, LANDBANK has strengthened its presence in Isabela through eight Branches, one Agri-Hub, 58 ATMs, 17 Agent Banking Partners, and two Lending Centers, to provide accessible and convenient banking and financial services to residents.
READ MOREPromo Mechanics Shop using the specific voucher code - TRAVELWITHVISA and enjoy 35% off sitewide with a minimum spend of PHP 3,000 max discount PHP 1,500 to secure a chance to win the Travel with Visa: Escape to Sicogon Island campaign valid for Visa Credit, Debit, or Prepaid cardholders with cards issued in the Philippines only. Code is valid for 2x use. Promo runs from January 20, 2023 (12:00 AM) - March 15, 2023 (11:59 PM). Valid to customers nationwide. Promo is open to all ZALORA customers with a registered ZALORA account who will successfully purchase using a Visa card as the payment method. How to join: Download the ZALORA app or log-on to www.zalora.com.ph. Select from voucher applicable products (https://www.zalora.com.ph/all-products/?vc_applicable=true) and click on Add to Bag. Once you have reached the minimum spend of PHP 3,000, you can apply the respective voucher code and enjoy 35% off: TRAVELWITHVISA. Once finished, click Checkout Now to proceed. The Payment Method should be any valid Visa card. Click Order Now to finalize order. Once completed, customer will be eligible to for a raffle entry to chance to win the Travel with Visa: Escape to Sicogon Island Three (3) Winners will win the following prizes: 4D3N Stay for 4 at Huni Sicogon (Grand Prize) 4D3N Stay for 2 at Huni Sicogon (2nd) 4D3N Stay for 2 at Balay Kogon (3rd) Inclusive of activities (kayaking, standup paddle boarding, snorkeling, guided trek to Mt. Opao, guided lagoon trail. boat tour of Sicogon island), Airport transfer, daily breakfast, use of resort amenities, round trip flights from Manila to Sicogon. To be eligible for the promotion, all Orders following the mechanics in #3 must be valid and complete ZALORA orders. Payment must be made via Visa Card only. The email address submitted in the payment link must be the same email address as registered in ZALORA to avoid unidentified payment. Maximum of 2 raffle entries can be earned per ZALORA customer. ZALORA will be doing a raffle draw using a randomizer on March 17, 2023. Three (3) winners will be decided on this raffle. ZALORA will announce the winners of the raffle campaign on its social media platforms. Once ZALORA has the list of winners, they will contact the winners via email using the email address registered in ZALORA. By joining this promo, customers who will be chosen as winners by raffle draw may no longer cancel, return, exchange, or refund their order/s. Returning/canceling any of the products included in their Order would lead to automatic forfeiture of their chance to win the promo. Handling of personal information collected, stored and used for the purposes of this draw are compliant with the issuances, rules, and regulations of the Data Privacy Act of 2012. ZALORA Philippines reserves the right, in concurrence with the Department of Trade and Industry (DTI), to reject a participant if he / she is unable to satisfy the conditions set out in these promo mechanics. For any questions or clarifications, please contact ZALORA Philippines Facebook Page or e-mail: customer@zalora.com.ph Per DTI Fair Trade Permit No. FTEB-159402, Series of 2023
READ MORELANDBANK Senior Vice President Elsie Fe NB. Tagupa (3rd from left) and Restia Rice Milling Corporation Vice President Dolores P. De Vicente (4th from left) lead the signing of a loan agreement for the construction of a rice mill plant and acquisition of various chattels on 20 January 2023 in Leganes, Iloilo. LEGANES, Iloilo – Over 10,000 rice farmers from Panay Island in Western Visayas are expected to benefit from the top-of-the-line rice mill plant of Restia Rice Milling Corporation starting June 2023, while also helping to improve rice production and provide post-harvest facilities in the Province of Iloilo. To be located in Brgy. Calaboa in the municipality of Leganes, the 2,472-square-meter rice mill plant will address the lack of modern production and post-production milling facilities in Iloilo—one of the top rice-producing provinces in the country. Restia has tapped the Land Bank of the Philippines (LANDBANK) to fund the construction of its rice mill plant and acquisition of various chattels. It also availed of a short-term loan line to finance its working capital requirements for palay trading, relending to farmers, and rice milling. “LANDBANK remains committed to supporting the whole agriculture value chain to boost the country’s agricultural output. Our comprehensive and holistic approach to lending ensures that all agri players have access to affordable and responsive financing,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa and Restia Rice Milling Corporation Vice President Dolores P. De Vicente led the ceremonial loan signing on 20 January 2023 in Brgy. Napnud in Leganes, Iloilo to formalize the partnership. They were joined by LANDBANK Iloilo Lending Center Head, Assistant Vice President Giovani T. Baoy and Account Officer Lys Lee L. Infante, alongside Restia Rice Milling Corporation Secretary Dennis B. De Vicente, Treasurer Charmaine D. Guiang, and Board Member John Rigor C. Guiang. Restia’s new rice mill plant will boast of modern equipment that can produce high-quality long grain rice and capable of processing even wet palay stocks during the rainy season. The plant will be able to process up to 2,900 bags of palay per day, with an estimated production output of 2,400 bags. Through the rice mill, farmers from Iloilo and neighboring provinces can market their produce of well-milled and high-grade rice grains at a higher price. They can also sell their harvest directly to Restia to cut logistics expenses and avoid transacting with middlemen, thereby resulting to improved income. “Nagpapasalamat ako sa LANDBANK sa suportang ipinapaabot nila sa Restia upang mapatayo ang aming rice mill project. Ito ay lubos na makakatulong sa mga rice farmers dito sa Panay upang mabenta nila sa mas mataas na halaga ang kanilang mga produkto,” said company Vice President De Vicente. Restia Rice Milling Corporation is the new flagship business of the Restia Group of Companies which was established to support local farmers and improve the quality of local milled rice. The start-up company is also collaborating with the Department of Agriculture (DA) to establish an efficient logistics system in Panay Island for the benefit of local rice farmers. LANDBANK has been extending accessible and affordable financing to all players in the agriculture value chain, in line with its broader thrust of serving the nation. As of 31 December 2022, LANDBANK’s agriculture loan portfolio has expanded to P261.7 billion, of which P166.8 billion supported small, medium, and large agribusiness.
READ MORESama-sama nating harapin ang kinabukasan nang may bagong pag-invest sa Retail Treasury Bonds 29 (RTB-29) mula ngayong ika-7 hanggang ika-17 ng Pebrero 2023! Ang investment mo sa RTB-29, na nagkakahalaga lamang ng mula P5,000.00, ay malaking tulong na para sa pagpapa-unlad at pagpapatibay ng ating agrikultura, imprastraktura, edukasyon, at kalusugan.
READ MOREThe Land Bank of the Philippines (LANDBANK) is providing Filipinos with safe and convenient options to invest their hard-earned money in the Retail Treasury Bonds Tranche 29 (RTB-29) with Bond Exchange. This is being offered by the National Government through the Bureau of the Treasury (BTr). Launched on 07 February 2023 with the theme, “Sama-sama sa Bagong Pag-asa,” the RTB-29 is a five-and-a-half-year bond with a coupon rate of 6.125% per annum. Proceeds of this safe and high-yielding investment instrument will help fund the country’s development plans for agriculture, infrastructure, education, and healthcare systems, among others. “We expect RTB-29 to be well-received by the market given the higher interest rates. The more retail investors participate in RTBs, the faster we are to advancing the country’s development agenda where no one is left behind,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Interested investors may conveniently purchase the RTB-29 with a minimum investment of P5,000 and integral multiples thereof, via the LANDBANK Mobile Banking App. This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. Investors of the RTB-29 can also make online placements through the BTr Online Ordering Facility and settle the payments via LANDBANK’s Link.BizPortal, free of charge. Over-the-counter placements are accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely FXTN 5-75, 7-58, and 20-5, may also exchange and reinvest their bond holdings for the latest bond offer. The public offer period for RTB-29 is ongoing until 17 February 2023, with issue date on 22 February. The maturity date is on 22 August 2028. LANDBANK is the Joint Lead Issue Manager for the RTB-29. It is part of its continued support for greater financial inclusion and boosting public resources to fund various recovery and development programs.
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 |
