State-run Land Bank of the Philippines (LANDBANK) continues to support the National Government’s push for a safer and modernized transport system, by extending P1.8 billion in loans for the acquisition of modern jeepneys. As of June 30, 2021, LANDBANK has provided financial support to 43 public transport cooperatives and corporations for the purchase of 849 modern public utility jeepneys (PUJs) through the SPEED PUV Program (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles). Another 46 accounts are being processed with total loan application amounting to P4.25 billion to procure 1,833 units of modern jeepneys. The third generation of what used to be service vehicles of US servicemen dating back to the 1940s, the new jeepneys now feature air-conditioning, Wi-Fi connectivity, GPS tracking, CCTV cameras, speed limiters, and contactless payment systems. In partnership with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB), the SPEED PUV Program directly supports the Public Utility Vehicle Modernization Program (PUVMP) by offering affordable financing to help transport cooperatives and corporations purchase modern PUJs. “We are working closely with the DOTr and LTFRB to assist jeepney drivers and operators purchase environment-friendly and efficiently-driven PUJs. Rest assured that LANDBANK will continuously support the transport sector towards building a safer and modernized transport system for the benefit of public transport players and commuters,” said LANDBANK Branch Banking Sector Head, Executive Vice President Julio D. Climaco, Jr. Under the SPEED PUV Program, eligible borrowers may loan up to 95% of the PUJ’s total cost at an affordable interest rate of 6% per annum, payable based on cash flow but not to exceed a maximum of seven (7) years. LANDBANK is also supporting efforts to modernize public utility buses (PUBs) through the I-RESCUE for BUS Transport (Interim REhabilitation Support to Cushion Unfavorably-affected Enterprises by Covid-19 for Better Urban Services Transport) Lending Program. Launched in 2020, the I-RESCUE for BUS Transport Program offers affordable financing to help public transport cooperatives and corporations purchase modern PUBs, in support of the Metro Manila Bus Modernization Program of the DOTr and LTFRB. Qualified transport cooperatives and corporations may borrow up to 80% of the PUB’s unit cost, at an affordable fixed interest rate for the first three (3) years, payable up to a maximum of seven (7) years, inclusive of a two-year grace period on principal. Interested borrowers of LANDBANK’s SPEED PUV and I-RESCUE for BUS Transport Programs may contact the nearest open 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. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) continues to extend available and responsive credit assistance to coconut farmers and other industry stakeholders engaged in the production and processing of coconut-based products. Under its Coconut Production and Processing Financing (Coco-Financing) Program, which has been in place since 2015, LANDBANK has cumulatively released P4.27 billion in loans that supported a total of 16 borrowers and 2,601 coconut farmer-beneficiaries. The borrowers are composed of six (6) large enterprises/corporations, four (4) small and medium enterprises (SMEs), three (3) cooperatives, two (2) associations and one (1) non-governmental organization (NGO)—of which nine (9) have outstanding balance of P1.78 billion. The LANDBANK Coco-Financing Program was developed to finance projects such as planting or replanting, rehabilitation, fertilization and processing of coconuts and its by-products. As of June 30, 2021, LANDBANK’s total loans to the agriculture sector reached P223.02 billion. Of this amount, P17.39 billion supported crop production of which P340 million covered financing for the coconut industry. Positive outlook on the UCPB merger LANDBANK remains optimistic in managing the implications of its impending merger with the United Coconut Planters Bank (UCPB) to its financial profile, as it looks ahead in providing more support interventions for the Philippine coconut sector. Based on LANDBANK’s projections on the merger, Common Equity Tier 1 (CET1) ratio by end-2021 will remain higher than the 11% regulatory requirement of the BSP. CET1 ratio is used to measure a bank's core equity capital, compared with its total risk-weighted assets, and signifies a bank's financial strength. The Bank also maintains it is more than capable of absorbing the financial impact of the merger since the acquisition of the shares of stock and attendant absorption of UCPB’s assets and liabilities will similarly expand deposits, loans, and capital. Projections from LANDBANK indicate that the combined resources of the state-run banks will amount to almost ₱3 trillion in assets by the end of the year, further solidifying LANDBANK’s position as the second-largest bank in the country in terms of assets. President Duterte has issued Executive Order No. 142 on June 25, 2021, authorizing the merger between LANDBANK and UCPB, where LANDBANK will be the surviving entity. “The mandate of LANDBANK has continuously evolved over the years. Aside from assisting farmers of palay, coconut and other crops, fishers, and all stakeholders in the agri-business value chain, LANDBANK has become a reliable contributor to the National Government’s development agenda towards supporting other key economic sectors that promote nation-building. LANDBANK’s merger with UCPB only enhances our capacity to serve the whole agriculture sector and the nation at large,” said LANDBANK President and CEO Cecilia C. Borromeo. Interested borrowers of the LANDBANK Coco-Financing Program may contact the nearest open 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. For more updates, please follow the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official); join our Viber community (@LANDBANK); or visit the LANDBANK website (www.landbank.com).
READ MORENakikiisa ang LANDBANK sa Komisyon sa Wikang Filipino (KWF) sa paggunita ng "Buwan ng Wikang Pambansa" ngayong Agosto 2021 na may temang, "Filipino at mga Katutubong Wika sa Dekolonisasyon ng Pag-iisip ng mga Pilipino.
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READ MOREIn support of the National Government’s drive toward building a modernized transport system, the Land Bank of the Philippines (LANDBANK) approved a P68-million loan to the Novaliches Development Cooperative (NOVADECI). The funding will be used to purchase 32 modern jeepney units seen to benefit over 500 drivers and operator-members. Financed under LANDBANK’s SPEED PUV Program (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles), the brand-new, modern public utility jeepneys (PUJs) will ply the routes of Novaliches in Quezon City to Malinta in Valenzuela City, and vice versa. NOVADECI Chairperson Leonisa A. Fausto and LANDBANK Corporate Banking Group head, Senior Vice President Ma. Celeste A. Burgos led the virtual loan signing on August 3, 2021. They were joined by NOVADECI officials, including Vice Chairman Nena C. Espinola, Education Committee Chairman Jaime G. Contreras, Jr., and General Manager Marlene D. Sindayen. Also representing LANDBANK was Microfinance Institutions Department head, Assistant Vice President Leonardo D. Aurellana, Jr. Ms. Fausto thanked LANDBANK’s unrelenting support and guidance to the cooperative in completing all the necessary documentary requirements for the loan. “Salamat at hindi ninyo binigo ang kahilingan ng aming mga kasapi mula sa transport sector na matugunan ng NOVADECI ang hamon sa transport modernization. Isang karangalan para sa amin na maging bahagi kayo ng aming proyekto,” Fausto said. LANDBANK offers affordable financing to public transport cooperatives or corporations for the purchase of modern vehicles under the SPEED PUV Program, which directly supports the Public Utility Vehicle Modernization Program (PUVMP) spearheaded by the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB). “LANDBANK stands ready in helping transport cooperatives nationwide to make the shift to safer and more efficient vehicles. Together with the DOTr and LTFRB, we will continuously support efforts to modernize the country’s transport system for the benefit of transport players and the riding public,” said LANDBANK President and CEO Cecilia C. Borromeo. As of July 31, 2021, LANDBANK has provided financial support amounting to P1.95 billion to 45 public transport cooperatives and corporations for the purchase of 922 modern PUJs, covering a total of 53 routes. Another 45 loan applications are currently being processed amounting to P4.23 billion to procure 1,823 units of modern jeepneys. Under the SPEED PUV Program, loans are released to borrowers 45 days upon submission of all necessary requirements. Through the Program, eligible borrowers may loan up to 95% of the PUJ’s total cost at an affordable interest rate of 6% per annum, payable based on cash flow but not to exceed a maximum of seven (7) years. Interested borrowers may contact the nearest open 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. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREIn support to the National Government’s Ease of Doing Business and financial inclusion initiatives, the Land Bank of the Philippines (LANDBANK) reported a sustained increase in the usage of its major electronic banking channels, including payment systems used by national and local government agencies, in the first seven months of the year. The report follows the recent call of the Anti-Red Tape Authority (ARTA) for government agencies to digitize their payment systems, as part of their compliance to Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. From January to July 2021, LANDBANK’s web-based e-payment platform, the Link.BizPortal, facilitated 2.3 million transactions amounting to P5.57 billion, representing 105% and 103% growth rates year-on-year, respectively. The Link.BizPortal facilitates easy payment for products and services online to over 800 partner merchants nationwide, 473 of which are from the public sector. Likewise, the Bank’s Electronic Modified Disbursement System (eMDS) for national government agency partners also reached 1.1 million transactions amounting to P925.28 billion, translating to 36% more transactions and a 74% jump in value from the same period last year. “LANDBANK continues to answer the call for accessible, reliable, and safe electronic banking in the new normal, driven by the varied needs of customers due in large part to the pandemic. We are committed to collaborating with more government partners to make financial services much more accessible, towards promoting Ease of Doing Business and advancing greater digital financial inclusion in the country,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s e-banking channels continue to surge in July Together with the LANDBANK Link.BizPortal and eMDS, the Bank’s roster of major e-banking channels—including the LANDBANK Mobile Banking App, weAccess, iAccess—breached the P1-trillion mark by facilitating transactions with a total value of P1.307 trillion, up by P516.45 billion or 65% from the same period last year. In addition, the channels recorded a combined 73.5 million transactions for a 12% increase year-on-year. The LANDBANK weAccess dedicated for corporate clients facilitated P277.43 billion through 11.3 million transactions. These are equivalent to increases of 31% and 22%, respectively, year-on-year. The LANDBANK Mobile Banking App recorded 55.72 million transactions up 48%, with a total value of P89.9 billion or a 136% increase from the previous year. Lastly, the LANDBANK iAccess, which caters to the online banking needs of individual retail clients, reported a total of 3.1 million transactions valued at P8.86 billion, with the latter notching a 49% increase over the same period last year. Meanwhile, LANDBANK’s Digital On-Boarding System (DOBS)—the first online account opening portal among universal banks in the Philippines introduced in November 2018—has facilitated the opening of 1.67 million deposit accounts as of June 30, 2021, which includes accounts opened for Overseas Filipino Bank (OFBank) depositors. Just recently, LANDBANK also launched the DOBS Mobile, which facilitates online savings account opening in as fast as 10 to 15 minutes. The LANDBANK DOBS Mobile eliminates the need to line up in branches to open an account, in support of the National Government’s Ease of Doing Business (EODB) initiative, as well as safety protocols amid the ongoing pandemic. LANDBANK also continues to waive fees for inter-bank fund transfers via InstaPay and PESONet for retail clients until September 30, 2021. For more information about LANDBANK’s e-Banking products and services, clients may visit the Bank’s official website (www.landbank.com), or follow the Bank’s official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official on Twitter, and @LANDBANK on Viber.
READ MOREThe Supreme Court of the Philippines and Land Bank of the Philippines (LANDBANK) have partnered to offer aspiring lawyers convenient options to settle their fees for the upcoming Bar examinations scheduled on all four (4) Sundays of November 2021. The Supreme Court’s Office of the 2020/2021 Bar Examinations Chairperson recently announced that 24 institutions have been approved to serve as local testing centers nationwide, and that Bar applicants can also pay the Bar application fee online through LANDBANK’s Link.BizPortal as an additional option. Starting last July 29, 2021, applicants may settle their Bar exam fees via the Link.BizPortal facility, while over-the-counter (OTC) payments at any LANDBANK branch or branch-lite unit nationwide are being accepted since July 15. The Link.BizPortal is LANDBANK's electronic payment facility that allows clients to safely and conveniently pay for products and services online to over 800 enrolled partner-merchants nationwide, anywhere, anytime. "LANDBANK has partnered with the Supreme Court to provide alternative payment methods, in line with keeping aspiring lawyers safe and focused during their preparation for the Bar exam. We will continue to partner with more government and private institutions to provide fast and convenient payment services under the new normal," said LANDBANK President and CEO Cecilia C. Borromeo. From January to July 2021, LANDBANK's five major electronic channels—Mobile Banking App, weAccess, iAccess, Link.BizPortal, and Electronic Modified Disbursement System (eMDS)—facilitated a total of 73.5 million transactions valued at P1.307 trillion. These represent increases of 12% and 65% in volume of transactions and value, respectively, over the same period last year. In particular, the Link.BizPortal facility recorded 2.3 million transactions amounting to P5.57 billion, equivalent to 105% and 103% increases year-on-year, respectively. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREAlicia Mayor Joel Amos P. Alejandro (center) inspects the municipal government’s purchase of palay directly from local farmers at premium prices, with support from a P65-million loan under LANDBANK’s Palay at Mais ng Lalawigan Lending Program, which helped stabilize the local prices of palay and provided a ready and steady market for farmers’ produce. ALICIA, Isabela – Situated in the “Queen Province of the North,” the Municipality of Alicia is surrounded with vast tracts of rich agricultural lands planted mostly to palay and corn. Having the largest irrigated rice fields in the region, Alicia is considered the largest rice producer in Cagayan Valley. The COVID-19 pandemic, however, affected market conditions for these farmers, as health and safety lockdowns limited the movement of buyers, traders, and produce. To address this growing concern, the municipal government decided to pursue high-impact projects to help boost the productivity of its more than 1,000 farmers and ensure local food security. This led the administration of Alicia Mayor Joel Amos P. Alejandro to partner with local farmers’ cooperatives and associations to directly purchase the palay produced by local farmers at premium prices. Through the assistance of Land Bank of the Philippines (LANDBANK), the Alicia LGU applied for a P65-million credit facility for a Permanent Working Capital (PWC) under the Bank’s Palay at Mais ng Lalawigan Lending Program. Through the Program, the Alicia LGU buys palay at an indicative subsidized price of P15.00 to P16.00 per kilogram for wet palay, and P19.00 per kilogram for dry palay. This helped stabilize the prices of palay in Alicia, while providing a steady market for farmers’ produce. The LGU, in turn, sells the procured palay processed into milled rice in public markets and other government institutions, such as government hospitals, jails, and other entities. The LGU also signed lease contracts with millers and warehouse owners to set up a streamlined rice milling arrangement in the area. Moreover, the Program supported the LGU’s initiatives to deliver rice subsidies to indigent residents of Alicia, particularly when the area was placed under Enhanced Community Quarantine (ECQ) to stem the spread of COVID-19 infections. “Ako ay nagpapasalamat sa LANDBANK dahil sa kanilang programa para sa aming local farmers. Malaking tulong ito para sa aming munisipyo. I am also proud to note that we are the first LGU that availed and implemented this Program, which has so far proven to be successful. We are counting on LANDBANK to support our plans in expanding this program so that we may be able to support more palay farmers in Alicia,” Mayor Alejandro said. Initially launched by LANDBANK and the Department of Agriculture (DA) in 2019 as the “PAlay aLAY sa Magsasaka ng Lalawigan,” the Program aims to provide a credit facility to Municipal, City, and Provincial LGUs to purchase palay produced by local farmers whose incomes have been affected by the drop in the farm gate price of palay. The Program has since been expanded in 2020 to cover the purchase of corn, in support of Republic Act No. 11494 or the Bayanihan to Recover as One Act. “We are closely working with local government partners to meet the production requirements of farmers and help ensure food security especially during this ongoing pandemic. We are thus encouraging more LGUs, especially those in rice and corn producing communities, to avail of the LANDBANK Palay at Mais ng Lalawigan Program to support our local farmers,” said LANDBANK President and CEO Cecilia C. Borromeo. The P10-billion funded facility is LANDBANK’s response to the National Government’s call to support the livelihood of local farmers, who can sell their palay and corn to their LGUs at a fair price rather than to unscrupulous rice traders who offer very low prices. Additionally, LGUs may avail of farm machineries and equipment for post-harvest facilities to support their rice and corn-related activities. As of July 2021, LANDBANK has approved loans for the Program amounting to P3.85 billion for eight (8) LGUs. As of July 31, 2021, LANDBANK has extended a total of P21 billion in outstanding loans to support the agri-aqua projects of LGUs nationwide. Interested borrowers of the LANDBANK Palay at Mais ng Lalawigan Lending Program may contact the nearest open 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. For more updates, please follow the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official); join our Viber community (@LANDBANK); or visit the LANDBANK website (www.landbank.com).
READ MORELANDBANK joins the Philippine Civil Service Commission (CSC) in commemorating the 121st Philippine Civil Service Anniversary this month of September, pursuant to Presidential Proclamation NO. 1050, series of 2017. CSC's 10-year theme, "Transforming Public Service in the Next Decade: Honing Agile and Future-Ready Servant Heroes,"highlights the reforms achieved as a response to the new normal and the major changes to be undertaken in the next few years as the country recovers and pursues a #BetterNormal.
READ MORELANDBANK joins the Philippine Institute for Development Studies in celebrating the 19th Development Policy Research Month (DPRM). Presidential Proclamation No. 247 signed in September 2002 declared the month of September every year as DPRM to highlight the critical role of policy research in the socio-economic advancement of the Philippines. This year's celebration carries the theme, "Reset and Rebuild for a Better Philippines in the Post-Pandemic World"or "Muling Magsimula at Magtayo tungo sa Mas Matatag na Pilipinas Pagkatapos ng Pandemya."
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 |
