President Ferdinand R. Marcos, Jr. (center) signs into law the New Agrarian Emancipation Act on July 7, 2023, with Agrarian Reform Secretary and LANDBANK Board Member Conrado M. Estrella III (8th from right) and other DAR officials, together with LANDBANK President and CEO Lynette V. Ortiz (3rd from right), Executive Vice President Alex A. Lorayes (4th from right), and Vice President Atty. Marife Lynn O. Pascua (2nd from right) witnessing the event. (photo courtesy of DAR). The Land Bank of the Philippines (LANDBANK) ensures that it will be working closely with government partners for the seamless and immediate implementation of the new law that frees agrarian reform beneficiaries (ARBs) nationwide from agrarian debts, in line with efforts to boost and modernize the agriculture sector. The National Government is writing-off land amortizations managed by LANDBANK amounting to P57.74 billion as of 30 June 2023—effectively relieving over 649,000 ARBs tilling 1.17 million hectares of land debt. The condonation is part of the landmark Republic Act No. 11953 or the New Agrarian Emancipation Act signed by Philippine President Ferdinand R. Marcos, Jr. on 7 July 2023. Of the P57.74 billion, the National Government will condone outright P14.56 billion in principal loans of over 263,000 ARBs upon the effectivity of the law. The Department of Agrarian Reform (DAR), in coordination with LANDBANK, will also expedite the processing of the remaining P43.17 billion principal loans of over 385,000 ARBs. “We are proud to be part of this landmark initiative of the Marcos Administration to free farmers from debt and help them start anew. LANDBANK will likewise continue to pour investments and extend support initiatives for farmers nationwide to boost their productivity and income,” said LANDBANK President and CEO Lynette V. Ortiz. The New Agrarian Emancipation Act condones all loans, including interests, penalties, and surcharges incurred by ARBs from land awarded to them under Presidential Decree 27 (Tenant Emancipation Decree issued in 1972), Republic Act No. 6657 (Comprehensive Agrarian Reform Law of 1988), and Republic Act No. 9700 (An Act strengthening the CARP and extending the acquisition and distribution of agricultural lands, issued in 2009). The DAR will issue the implementing rules and regulations of the new law, in coordination with the Presidential Agrarian Reform Council Executive Committee (PARC ExCom) and with the technical expertise of LANDBANK, within 60 days from the issuance of the Act. For his part, Agrarian Reform Secretary and LANDBANK Board Member Conrado M. Estrella III lauded Congress for the immediate passage of the law, and expressed gratitude to LANDBANK for its consistent support to ARBs over the years. “Nagpapasalamat din po kami sa mga taga-LANDBANK sapagkat sila po ay very active na nagbibigay po ng credit assistance sa ating mga ARBs,” he said. LANDBANK has extended P2.7 billion in loans to 2,356 individual ARBs and 469 ARB cooperatives and farmers’ associations nationwide. Apart from credit assistance, LANDBANK also provides financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge to manage their finances and boost their income.
READ MORE(standing) General Trias City Mayor Luis A. Ferrer IV (4th from right), Vice Mayor Jonas Glyn P. Labuguen (5th from right), and LANDBANK Cavite City Branch Assistant Vice President Edgar Deligero (3rd from right), together with other local officials and LANDBANK representatives, celebrate the new partnership for the use of the LANDBANK Link.BizPortal at the General Trias City Hall. GENERAL TRIAS, Cavite – The City Government of General Trias has partnered with the Land Bank of the Philippines (LANDBANK) for the safe, fast, and convenient collection of local fees for business permits and real estate taxes through the Bank’s web-based payment channel. Through the LANDBANK Link.BizPortal, residents can now settle fees, dues, and charges to the local government unit (LGU) online at their convenience with just a few clicks on their computers or mobile devices. “Our collaboration with the City of Government of General Trias allows for convenient and hassle-free payments. LANDBANK will continue to support local government partners in delivering innovative and responsive public service,” said LANDBANK President and CEO Lynette V. Ortiz. General Trias City Mayor Luis A. Ferrer IV, Vice Mayor Jonas Glyn P. Labuguen, and LANDBANK Cavite City Branch Assistant Vice President Edgar Deligero, led the signing of a Memorandum of Agreement for the use of the LANDBANK Link.BizPortal, together with other local officials and LANDBANK representatives at the General Trias City Hall. “Being an advocate of Ease of Doing Business and efficient delivery of government services, this program with LANDBANK will enable the city to offer quality service to its constituents,” said General Trias Mayor Ferrer. The LANDBANK Link.BizPortal is a digital facility that allows clients to pay for products and services via the internet from both government and private institutions. For the first three months of the year, the LANDBANK Link.BizPortal has already facilitated 2.18 million transactions amounting to P3 billion in value.
READ MOREIn line with providing accessible and convenient digital services, the Land Bank of the Philippines (LANDBANK) has doubled the daily aggregate amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, effective 14 July 2023. LANDBANK clients can transfer up to P50,000.00 per transaction via Instapay, and now as much as P100,000.00 in total per day. The state-run Bank recently reduced its transaction rate for fund transfer via InstaPay from P25 to P15 starting from 15 June 2023. “We continue to extend the limits of our digital banking solutions to meet the growing needs of our diverse client base. LANDBANK is driven to promote greater digital adoption to help accelerate financial inclusion in the country and build a cashless society,” said LANDBANK President and CEO Lynette V. Ortiz. The Bank also removed the daily transaction limit for both fund transfer and bills payment, allowing customers to perform an unlimited number of transactions per day. The previous daily aggregate amount limit of P50,000.00 for bills payment facilitated through the LANDBANK iAccess has likewise been removed. LANDBANK is currently working on providing depositors the ability to set their own fund transfer and bills payment limits for added flexibility and convenience. Meanwhile, inter-bank fund transfers using LANDBANK and Overseas Filipino Bank (OFBank) accounts remain free of charge. The new fund transfer and bills payment policies apply to transactions facilitated via LANDBANK’s retail digital banking channels, the LANDBANK Mobile Banking App (MBA) and iAccess. For the first five months of 2023, the two digital platforms have facilitated a combined 66.7 million transactions with value of P123.4 billion
READ MORELANDBANK Miag-ao Branch distributes cash cards loaded with P5,000.00-worth of cash assistance to 2,206 farmer beneficiaries in Tigbauan, Iloilo under the RCEF-RFFA Program. In stride with advancing agricultural development, the Land Bank of the Philippines (LANDBANK) recently distributed cash cards to farmer beneficiaries under the Rice Competitiveness Enhancement Fund-Rice Farmers Financial Assistance (RCEF-RFFA) Program in Tigbauan, Iloilo. In partnership with the Department of Agriculture (DA), the LANDBANK Miag-ao Branch distributed Intervention Monitoring Cards (IMCs) loaded with P5,000.00-worth of cash assistance to 2,206 farmer-beneficiaries. As of June 2023, the Bank has already distributed LANDBANK IMCs to a total of 235,145 beneficiaries nationwide, with the rest of eligible beneficiaries set to receive their financial assistance until the end of August this year. "LANDBANK remains at the forefront of providing timely support to small farmers all over the country. Together with the DA, we will continue to ramp-up the distribution of cash cards to help increase agricultural production and income," said LANDBANK President and CEO Lynette V. Ortiz. The RCEF-RFFA Program aims to offer vital support to smallholder rice farmers registered under the Registry System for Basic Sectors in Agriculture (RSBSA), who are cultivating rice lands measuring two hectares and below. LANDBANK serves as the disbursing arm of the RCEF-RFFA Program, wherein eligible farmers receive cash assistance of P5,000.00 as part of the implementation of the Rice Tariffication Law (RTL).
READ MORELANDBANK Senior Vice President Charlotte I. Conde (5th from right), together with other Bank officials, recently paid a courtesy visit to DASURECO Board President Al D. Castillon (6th from right) and General Manager Engr. Jerry D. Morastil (4th from right) to express the Bank’s continued support to the cooperative. The Land Bank of the Philippines (LANDBANK) has extended financial support to a Davao del Sur-based electric cooperative to provide financial relief to over 230,000 households and consumers from Davao del Sur and Davao Occidental in paying their electricity bills incurred during the dry season. Under the LANDBANK ANTI BILL SHOCK Lending Program, the Davao del Sur Electric Cooperative, Inc. (DASURECO) has been granted a credit line to augment its working fund in the last summer months, when a spike in power consumption and distribution expenses normally occurs due to rising temperatures. The credit line provides DASURECO with the financial flexibility to spread out the incremental increases in their consumers’ billings by up to nine months without passing off the borrowing cost to consumers. This arrangement helps its member-consumers mitigate the impact of high electricity rates by paying through installment or on a staggered basis. “LANDBANK recognizes the vital role of electric cooperatives and distribution utilities in energizing the country’s economic expansion. We will further support the energy sector towards ensuring accessible and affordable energy for all, including funding projects that utilize renewable sources of energy,” said LANDBANK President and CEO Lynette V. Ortiz. The ANTI BILL SHOCK Lending Program, launched by the state-run Bank in April 2023 with an initial fund of P1.5 billion, stands for Assistance to Narrow and Trim down the Incremental power cost increase via Bridge financing Initiative of LANDBANK to Lower and Spread out HOt summer-triggered monthly Consumption on Konsumers’ Electricity. The Energy Regulatory Commission (ERC) previously expressed its support to the implementation of the LANDBANK program in an effort to mitigate the impact of high electricity rates to consumers. “This is truly one of the best examples of what we can accomplish together adopting a whole-of-government approach: those of us in energy sector working hand-in-hand with our counterparts in the private financing sector in finding solutions to provide some much-needed relief for our consumers,” said ERC Chairperson and CEO Atty. Monalisa C. Dimalanta. LANDBANK is still processing and accepting loans under the ANTI BILL SHOCK Lending Program to help more households better manage their electricity bills, especially those who cannot afford to immediately pay their bills in full. Eligible power distributors may loan up to 80% of the incremental increase on their working capital requirements during the summer months but not to exceed the repayment capacity of the distribution utilities or three times the average billings of its power suppliers. “The extensive experience and expertise of LANDBANK in the banking and financial sectors, coupled with longstanding reputation of DASURECO as a reliable electricity provider, make the partnership a promising endeavor,” said DASURECO Board President and Philippine Association of Board of Directors of Rural Electric Cooperatives (PHABDREC) National President Al D. Castillon. “I am confident that our combined efforts will have a positive impact on the lives of the member-consumer-owners and contribute to the overall progress and prosperity of Davao del Sur and Davao Occidental,” he added. Prior to availing of a credit line under the ANTI BILL SHOCK Program, DASURECO has been providing collection extensions or similar concessions to its member-consumers affected by catastrophic events, such as earthquakes and the COVID-19 pandemic. As an electric cooperative and distribution utility, DASURECO delivers reliable electricity to its consumer-members through affordable rates. The co-op is among the National Government’s partners for the Rural Electrification Program, particularly in the provinces of Davao del Sur and Davao Occidental. “We are very thankful to LANDBANK for extending quality services and for always being there to assist us. With the ANTI BILL SHOCK Program, we are able to help more of our member-consumers in mitigating the impact of higher electricity bills in the previous months without impairing the co-op’s liquidity position,” said DASURECO General Manager Engr. Jerry D. Morastil. DASURECO has been a LANDBANK borrower since 2021 and maintains a good credit standing with the Bank. Interested borrowers of the ANTI BILL SHOCK Program may contact the nearest LANDBANK Lending Center or 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 MOREThis is to certify that Land Bank of the Philippines, with business address at LANDBANK Plaza, 1598 M.H. del Pilar Cor. Dr. Quintos Sts. 1004, Malate, Manila, has duly complied with the registration requirements of the Data Privacy Act of 2012, its Implementing Rules and Regulations, and all related issuances. This certificate was issued under the seal of the Commission and serves only as proof of registration and not a verification of the contents of any document submitted in relation thereto. The information on this certificate has been made part of the records of the Commission. Effective until 07 June 2024. Download file
READ MOREGSIS President and General Manager Jose Arnulfo “Wick” A. Veloso (right) and LANDBANK President and CEO Lynette V. Ortiz (left) lead the signing of the Data Sharing Agreement on 17 July 2023, to make financial services more efficient and convenient for GSIS members and pensioners. In line with the National Government’s digitalization drive, the Land Bank of the Philippines (LANDBANK) and the Government Service Insurance System (GSIS) signed a Data Sharing Agreement to provide a more efficient and seamless banking experience to GSIS members. Under the Agreement, GSIS will share its members’ data to LANDBANK to enhance the delivery of banking services, which includes real-time crediting of benefit claims, loans, and other proceeds for over 1.5 million GSIS members who maintain accounts with the Bank. The collaboration will likewise allow members of the state pension fund to receive their LANDBANK Visa Debit Cards within the same day of card enrolment at the GSIS Main Office in Pasay City. Through the LANDBANK Cards, members will be able to conveniently receive and withdraw their claims and proceeds from GSIS. “This Agreement further builds upon the partnership of LANDBANK and GSIS to streamline processes and enhance operational efficiency for the benefit of GSIS members. We fully support the digitalization journey of GSIS by attending to their banking requirements with innovative solutions,” said LANDBANK President and CEO Lynette V. Ortiz. The signing of the Agreement on 17 July 2023 was led by LANDBANK President Ortiz and GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso. They were joined by GSIS Vice President and Data Protection Officer Jonathan Pineda and LANDBANK senior officers, including Executive Vice President Liduvino S. Geron, Senior Vice President Ramon R. Monteloyola, GSIS Branch Head Manuel A. Dimalaluan, and Data Protection Officer Atty. Rhys S. Abundabar. “With this Agreement, our stakeholders are assured that their private, confidential information are safe and secure with us. Makatitiyak sila na pangangalagaan natin ang kanilang data privacy at protektado ang kanilang sensitive information kasama na ang kanilang financial data,” said GSIS President Wick Veloso. Also covered by the Data Sharing Agreement are other pipeline projects utilizing LANDBANK’s digital banking products for GSIS-related transactions, including the integration of LANDBANK to GSIS Touch – the official mobile application of GSIS. LANDBANK and GSIS are also working together to accommodate online payments for rent and other fees under the GSIS Ginhawa For All Lease with Option to Buy (GFAL LWOB) Program through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility.
READ MOREVictorias City Mayor Javier Miguel Benitez (2nd from right), LANDBANK Victorias Branch Manager Rosie Cuadernal (leftmost), SPIDC Vice President Rommel Cunanan (3rd from right), and Victorias City Treasurer Maria Rosielyn Gustilo (rightmost) show the formal agreement to digitalize the payment of local government taxes and fees. VICTORIAS, Negros Occidental – The City Government of Victorias signed a Memorandum of Agreement with the Land Bank of the Philippines (LANDBANK) in line with efforts to digitalize tax payment collection and enhance public service delivery in the municipality. The partnership formalizes the integration of the LANDBANK Link.BizPortal with the Victorias LGU's Web Service Portal to provide residents convenience in paying for fees related to business permits, real properties, resorts and public market rentals, among other local dues. Victoria LGU's Web Service Portal is managed by the Systems & Plan and Integrator and Development Corporation (SPIDC). "LANDBANK fully supports the City Government of Victorias in their continued journey towards digitalization. This collaboration is a testament to the Bank's unwavering commitment to collaborate with local government units to provide innovative digital products and services to the public," said LANDBANK President Lynette V. Ortiz. The MOA signing was completed along the sidelines of the public launch of the LGU’s Web Service Portal led by Victorias City Mayor Javier Miguel Benitez, Victorias City Treasurer Maria Rosielyn Gustilo, SPIDC Vice President Rommel Cunanan, and LANDBANK Victorias Branch Manager Rosie Cuadernal. The Victorias LGU has been a valued client of LANDBANK since 1996. Apart from the Link.BizPortal, it also avails of various LANDBANK digital facilities including RFID ATM Payroll, Electronic Salary Loan (eSL), the Enhanced Human Resource Information System (HRIS), and the weAccess, the Bank’s internet banking facility for institutional clients. LANDBANK is offering various digital products and services to LGUs nationwide, in support of their compliance to Executive Order 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is likewise in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).
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READ MOREAs of Fri, April 25, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.388752 | 0.403776 |
| EUR | 63.163815 | 65.607824 |
| GBP | 73.988728 | 76.851588 |
| HKD | 7.223177 | 7.761414 |
As of Thu, April 24, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557366 |
| Money Market Fund | 1.310646 |
| PERA Money Market Fund | 1.023632 |
| Medium-Term Bond Fund | 2.470334 |
| Bond Fund | 2.024273 |
| PERA Bond Fund | 1.198883 |
| Balanced Fund | 2.585336 |
| Growth Fund | 2.562157 |
| Alpha Equity Fund | 2.96484 |
| Blue Chip Equity Fund | 0.954534 |
| Equity Fund | 0.773163 |
| High Dividend Equity Fund | 1.002938 |
| US$ Money Market Fund | 1.431822 |
| Global $ Fund | 1.518293 |
| Money Market Plus Fund | 1.223015 |
