Taguig City Mayor Hon. Maria Laarni L. Cayetano (3rd from right) and LANDBANK President and CEO Cecilia C. Borromeo (4th from right) lead the signing of a P1.4 billion credit agreement for the City’s infrastructure projects on 6 September 2022 at the Mayor’s Office in Taguig City. They are joined by Taguig City Administrator Atty. Jose Luis G. Montales (2nd from right), City Treasurer Atty. J. Voltaire I. Enriquez (rightmost), LANDBANK National Development Lending Sector Head, Executive Vice President Liduvino S. Geron (5th from right), and LANDBANK Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos (leftmost). BGC, Taguig City – The Land Bank of the Philippines (LANDBANK) and the City Government of Taguig signed a credit agreement worth P1.4 billion to finance the City’s infrastructure and development projects that will cater to the educational, medical, and recreational needs of Taguigeños. Taguig City Mayor Maria Laarni L. Cayetano and LANDBANK President and CEO Cecilia C. Borromeo led the signing on 6 September 2022 at the Mayor’s Office in Taguig City. They were joined by Taguig City Administrator Atty. Jose Luis G. Montales and City Treasurer Atty. J. Voltaire I. Enriquez, along with LANDBANK National Development Lending Sector Head, Executive Vice President Liduvino S. Geron, Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos, and Public Sector Department Head, Assistant Vice President Melissa V.A. Abundo. “LANDBANK will continue to find opportunities to serve the nation with the City Government of Taguig, in line with our mutual goal of advancing inclusive economic growth towards building a stronger and more resilient local economy,” said LANDBANK President and CEO Borromeo. Under the agreement, LANDBANK will finance the construction and completion of the new Taguig City Hall, including its proposed community and recreational centers, and theater. The credit facility will also cover the construction and completion of the City’s General Hospital and University Complex buildings, to provide more accessible health care and educational services for its constituents, respectively. “Hopefully, this partnership will prosper through LANDBANK’s kind assistance and support. We recognize LANDBANK as one of our closest partners in development and we appreciate your assistance in pushing the City of Taguig to be even more successful than it is today,” said Taguig City Mayor Cayetano. The P1.4 billion LANDBANK credit facility is part of the P7.7 billion Omnibus Term Loan Facility (OTLF) approved by the Bank for the Taguig City LGU. LANDBANK approved the first drawdown from the OTLF amounting to P1.4 billion under the Restoration and Invigoration Package for a Self-sufficient Economy towards Upgrowth for LGUs (RISE-UP LGUs) Lending Program, to fast-track the City’s recovery from the challenges of the COVID-19 pandemic. LANDBANK also serves the City of Taguig through the disbursement of funds for the beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD). The CCT and UCT beneficiaries can use their LANDBANK Prepaid Cards for cash withdrawals from the Bank’s nine (9) branches, 59 ATMs, and 7-Eleven ATMs located throughout the City. The state-run Bank also provides payroll and salary loan services for the City’s employees, as well as digital management of Taguig City’s institutional account via the LANDBANK weAccess—the Bank’s internet banking facility for corporate clients and government agencies.
READ MOREHDJ Bayawan Agri-Ventures has established a village-type sugar mill in Barangay Bugaw, Bayawan City, Negros Oriental that provides subsidized milling and hauling services to sugarcane farmers in the area. In left photo is LANDBANK Director Nancy Irlanda Tanjuatco with HDJ President Pryde Henry Teves and LANDBANK Dumaguete Branch Head Brendalyn Villavicencio during a visit to the LANDBANK-financed milling facility. Some 1,680 sugarcane farmers in Bayawan, Negros Oriental now find it more profitable to engage in farming. Thanks to the subsidized hauling services and the constant market for their produce through LANDBANK client HDJ Bayawan Agri-Venture Corporation. With HDJ’s presence right at the heart of the Lapay-Dawis-Mabinay Agrarian Reform Communities, the transportation cost is considerably reduced by at least 80%, as with the cutting-to-milling time of canes. Before, the farmers had to shell out P610 per ton of cane for hauling, and travel more than 60 kilometers to collect their hard-earned money. Hauling cost now averages as low as P50 per ton for areas within 5km; P100 for areas between 5km to 10km; and P150 for areas between 10km to 15km. Farmers get their products milled at HDJ with a 68:32 share agreement for the milled sugar and molasses – 68% for the farmer and 32% for HDJ. The corporation also buys the farmers’ share – providing a ready market for their produce. “The only way for farming to remain feasible and attractive to the Filipino farmer is to make it profitable even to the small players,” said HDJ President Pryde Henry Teves, who thanked LANDBANK for believing in the project. LANDBANK financed HDJ’s acquisition of sugar mill equipment and machineries, heavy equipment, and farm implements through a term loan in 2017. In August 2018, the company was granted additional financing for the construction of additional mill structures, equipment for a second mill, construction of a bioelectric switchyard, and installation of interconnection line. HDJ now has twin mills equipped with a rated capacity of 600 tons of cane per day and power generation of three megawatts. The first mill is operational and undergoing fine-tuning. Currently powered by a generator, the mill will soon shift to producing its own power fuelled by bagasse and other feedstock. The power that will be generated in excess of the mill’s consumption will be sold to the grid. SCP-SIDA Meanwhile, individual sugarcane farmers from Negros Oriental and other sugar-producing regions stand to benefit from the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) – a continuing direct lending program that LANDBANK implements with the Sugar Regulatory Administration (SRA). Since SCP-SIDA was launched in 2018, 41 farmers in Negros Oriental have already availed of the Program, with several other applications currently being processed by SRA for endorsement to LANDBANK. At least 90 more farmers have also expressed interest in the Program, following orientations conducted by LANDBANK and SRA in the barangays of Manduao, Villasol, and Mabinay - all within a 10 to 15 kilometer-radius from the mill. Funded by the Sugar Regulatory Administration by virtue of RA No. 10659, SCP-SIDA is specifically designed to help improve the productivity and increase the income of individual sugarcane farmers, block farms, and common service centers through direct access to credit. As of August 13, 2019, LANDBANK already approved loans amounting to P126 million, benefiting 814 borrowers. “We will work doubly hard and we will continue to work closely with SRA and the DA (Department of Agriculture) to extend more loans under the Program. SCP-SIDA is just one of the programs by which we are pursuing a more focused and direct approach in lending to provide small farmers with direct access to credit,” said LANDBANK President and CEO Cecilia C. Borromeo.
READ MOREShop at Lazada's 9.9 Mega Brands Sale using your Visa card to enjoy an extra Php 200 OFF! Merchant Terms & Conditions The Promotion is open to all active Visa Credit, Debit, and Prepaid Cards. • The Promo is valid on regular and sale items on Lazada. • Purchase must be made on September 9, 2022 12:00 am to September 9, 2022 12:00 pm Philippine time. • Discount applies for a minimum transaction amount of P3,500, charged to Visa Credit, Debit, or Prepaid Card only. The promo can be availed by using the promo code VISALAZ99; valid for one-time use at the Lazada mobile app only. • Discount will apply when the voucher is entered at the Payment Page and the eligible Visa Credit, Debit, or Prepaid Card is selected as the payment option. Customer must check if discount amount is applied before proceeding to final check-out. How to Avail of the Discount 1. Download the Lazada app for free via App Store for Apple users or Google Play store for Android users. 2. Select the item/s you wish to purchase then click “Add to Cart”. Prepare your card details for the transaction 3. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. 4. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click “Check Out” 5. 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. 6. Enter your Visa Credit or Debit Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. 7. Click “Place Order” to complete the transaction. Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact. Per DTI Fair Trade Permit No. FTEB-149955 Series of 2022.
READ MOREEnjoy 40% off capped at P2,000 when you shop on ZALORA with Visa. Valid for a minimum spend of P2,499. Merchant Terms & Conditions 1. Promo period is from September 7 to 15, 2022. 2. Promo is open to all ZALORA customers who will purchase on ZALORA PH and checkout with Visa within the promotion period using the voucher code VISA99. 3. The said voucher code entitles the customer to a 40% off discount for a minimum spend of P2,499 on ZALORA in a single purchase. Maximum discount P2,000, 1x use per account. 4. Orders fulfilled locally by ZALORA are entitled to receive a free limited edition Visa tote bag until supplies last. Orders shipped from overseas and marketplace are not included. How to Avail of the Discount a. Log-on to www.zalora.com.ph or the ZALORA mobile app. b. Select product and click on Add to Bag. c. Once finished, click Checkout Now to proceed. d. Log in or register by Signing in via Facebook or email. Input customer information such as name, mobile number and delivery address. e. Select Card as Payment Method and input Visa card details. f. Click Apply Promo Code: VISA99 g. Enter promo code then click Apply. h. Click Order Now to finalize order. i. Discount will be deducted from subtotal. 6. Brand and category exclusions apply. Discount is not valid on the following categories and brands: (full list: www.zalora.com.ph/faq-non-sale). 7. Any dispute concerning the products or services related to the Promo offer shall be settled directly between the cardholder and ZALORA with the concurrence of the DTI. Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact. Per DTI Fair Trade Permit No. FTEB-149955 Series of 2022.
READ MORE(left photo) City Schools Division of Marawi (CSDM) OIC - Schools Division Superintendent Anna Zenaida U. Alonto (leftmost) and LANDBANK Marawi Branch Head Noraida M. Dindang (4th from left) lead the ribbon-cutting of the new LANDBANK ATM at the Amai Pakpak Central Elementary School (APCES) Compound in Brgy. Buadi Sacayo, Marawi City. They are joined by Regional State Prosecutor Atty. Rohaira A. Lao (2nd from left), Ministry of Basic, Higher and Technical Education Regional Consultant Soraida Nor (center) and LANDBANK Maigo (Lanao del Norte) Branch Head Raisha L. Marohombsar (rightmost). MARAWI CITY, Lanao del Sur – Teachers and residents will no longer need to wait in long queues and travel to other towns for their cash requirements, with the installation of a new Land Bank of the Philippines (LANDBANK) ATM at the Amai Pakpak Central Elementary School (APCES) Compound in Barangay Buadi Sacayo. In partnership with the Department of Education (DepEd) - City Schools Division of Marawi (CSDM), the initiative aims to primarily serve around 1,500 teachers and school personnel who maintain payroll accounts with LANDBANK. With its strategic location, the LANDBANK ATM is also accessible to other educational institutions in the area, including the Marawi City National High School and the Mindanao State University (MSU) – University Training Center. The LANDBANK ATM is likewise available to serve the cash requirements of the Bank’s customers in the four (4) nearby barangays of Bangon, Barrio Fort, Datu Saber and Poblacion. Around 3,500 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD) will also benefit from the accessible LANDBANK ATM. “LANDBANK’s physical presence in strategic areas remains an essential part of our financial inclusion thrust. We are focused on reaching and serving our varied customers nationwide, especially those in remote and underserved areas,” said LANDBANK President and CEO Cecilia C. Borromeo. CSDM OIC-Schools Division Superintendent Anna Zenaida U. Alonto and LANDBANK Marawi Branch Head Noraida M. Dindang led the inauguration of the LANDBANK ATM on 31 August 2022. They were joined by Regional State Prosecutor Atty. Rohaira A. Lao, Ministry of Basic, Higher and Technical Education (MBHTE) Regional Consultant Soraida Nor, and LANDBANK Maigo (Lanao del Norte) Branch Head Raisha L. Marohombsar. Aside from payroll services, LANDBANK also extends electronic salary loan services to CSDM for the financing needs of its teaching and non-teaching staff through the LANDBANK Marawi and Cotabato Branches. The newly-installed LANDBANK ATM in the APCES Compound brings the Bank’s total number of ATMs in Lanao del Sur to 16, complementing two (2) Branches and two (2) Cash Deposit Machines (CDMs) in the province, as of 31 August 2022. LANDBANK is the only bank present in all provinces of the country, composed of of 608 Branches; 2,875 ATMs; and 232 CDMs.
READ MOREPromo Mechanics: 1. P100 rebate for newly opened LVDC accounts with FIRST single minimum receipt purchase of P1,500 made via online/e-commerce within the promo period. 2. For new LANDBANK Visa Debit Card accountholders only. 3. Valid for one-time use. 4. Promo runs from 16 September to 31 December 2022. Per DTI Fair Trade Permit No. FTEB-151416 Series of 2022
READ MOREPresident Ferdinand R. Marcos Jr. (center), Senator Maria Imelda “Imee” R. Marcos (2nd from right), and Department of Agrarian Reform Secretary Conrado Estrella III (rightmost), are joined by LANDBANK President and CEO Cecilia C. Borromeo (4th from right) and Executive Vice President Alex A. Lorayes (leftmost) during the signing of the executive order imposing a one-year moratorium on payments for land amortization and interests of agrarian reform beneficiaries (ARBs) at Malacañang Palace, Manila on 13 September 2022. State-run Land Bank of the Philippines (LANDBANK) welcomes the imposition of a year-long moratorium on land amortization and interest payments of agrarian reform beneficiaries (ARBs) for agricultural lands distributed under the Comprehensive Agrarian Reform Program (CARP), meant to provide financial relief to over 650,000 ARBs whose income were adversely affected by the on-going health pandemic. President Ferdinand R. Marcos Jr. signed on 13 September 2022 an Executive Order to freeze CARP payments for a year, thereby allowing ARBs to save and utilize funds for farm development and improved productivity. “LANDBANK fully supports this landmark initiative to advance the interest and welfare of agrarian reform beneficiaries. Rest assured that we will continue to complement the National Government’s development agenda for ARBs and strategic land reforms,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK serves as the collection agent of the National Government for land amortizations from ARBs, pursuant to its mandate as the financial intermediary of CARP. All collections are remitted by the Bank to the Bureau of the Treasury (BTr) as part of the revenue of the National Government. The Bank is also responsible for determining the land valuation and compensation for all lands covered under CARP. It likewise facilitates land transfer payment, and handles Agrarian Reform (AR) bond servicing transactions such as bond transfer, conversion, exchange and replacement, among others. Meanwhile, LANDBANK continues to offer financial assistance to ARBs and their organizations, or the Agrarian Reform Beneficiary Organizations (ARBOs), through the Credit Assistance Program for Program Beneficiaries Development (CAP-PBD) for crop production, agri-enterprise or livelihood, and other agri-related projects. The program is being implemented in partnership with the Department of Agrarian Reform (DAR) to provide capacity building and enterprise development support or interventions to ARBs and ARBOs, aimed at strengthening and improving their organizations’ operations and productivity. 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) which provides a contingent credit facility to ARBOs and its members who were adversely affected by natural calamities or disasters, pest and diseases, and other viral infections or outbreaks. LANDBANK’s combined releases under CAP-PBD and E-ARISE-ARBs have reached P720.2 million as of 30 June 2022, benefitting more than 200 ARBOs with more than 11,000 ARBs and small farm holder-members nationwide. In partnership with DAR, LANDBANK is also addressing the credit needs of individual ARBs who are not members of an ARBO through the Accessible Funds for Delivery to ARBs (AFFORD ARBs) Lending Program. The Bank has extended loan assistance amounting to P468.6 million to more than 1,700 borrowers under the Program as of end-June 2022.
READ MORELANDBANK North Luzon Branches Group Head, Senior Vice President Ma. Belma T. Turla (left) and Bangued Branch Manager Gina V. Gabbuat (right) turnover a cash donation to Abra Provincial Governor Dominic B. Valera (middle) to support the recovery of local communities hit by the recent 7.0 magnitude earthquake. The Land Bank of the Philippines (LANDBANK) donated a total of P1.5 million-worth of financial aid to local government units (LGU) in Northern Luzon, in support of recovery efforts in the aftermath of the 7.0 earthquake that hit the region last July. The Bank extended donations of P200,000 for affected provinces and P100,000 each for municipalities. LGUs that received financial assistance include the Municipalities of Bangued, Bucay, Dolores, Lagangilang, Luba, Manabo, Peñarrubia, Pilar, Tayum, and Villaviciosa in Abra; Pasil in Kalinga; and the Provincial Governments of Abra and Ilocos Sur. “As the biggest development partner of the LGU sector, LANDBANK is fully committed to service the recovery and growth requirements of our partner LGUs,” said LANDBANK President and CEO Borromeo. According to the Philippine National Disaster Risk Reduction and Management Center (NDRRMC), the 7.0 magnitude earthquake affected more than 21,000 residents, mostly from the Province of Abra and its adjacent towns. Apart from the financial aid, the Bank continues to ensure the availability and accessibility of cash in the earthquake-hit areas. A LANDBANK Mobile ATM was immediately deployed to the Municipality of Bangued on 29 July 2022 and provided service to the community until 3 August 2022.
READ MORELand Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo (5th from left) paid a courtesy visit to Cebu Governor Gwendolyn F. Garcia (4th from left) on 15 September 2022. Joining them are LANDBANK Executive Vice President Liduvino S. Geron (3rd from left), Corporate Banking Group Head and Senior Vice President Ma. Celeste A. Burgos (6th from left), and other LANDBANK senior officials. CAPITOL SITE, Cebu – The Land Bank of the Philippines (LANDBANK) strengthened its ties with the Provincial Government of Cebu during a courtesy visit on 15 September 2022, as the Bank expressed its continued support for the Province’s Enhanced Countryside Development (ECD) Program for farmers and fisherfolk. LANDBANK President and CEO Cecilia C. Borromeo met with Cebu Governor Gwendolyn F. Garcia, together with LANDBANK Executive Vice President Liduvino S. Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials. The Bank has an ongoing partnership with the Provincial Government under the ECD Program to finance the agricultural production of local farmers and fisherfolk, especially those who are residing in underdeveloped areas in Cebu. The Program also offers capital to expand or restart existing businesses affected by the Covid-19 pandemic, among others. Since the initial roll-out of the ECD Program in March 2021, LANDBANK has approved loans for 767 farmers and fisherfolk engaged in the production of swine, high-value crops, and fisheries in the whole Province of Cebu.
READ MORELand Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo (4th from left) met with Mandaue City Mayor Jonas Cortes (5th from left) on 15 September 2022, together with a contingent of LANDBANK officials. MANDAUE CITY, Cebu – Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo paid a courtesy visit to Mandaue City Mayor Jonas Cortes on 15 September 2022, in support of the City’s continued progress and growth. The two principals discussed potential areas of collaboration to undertake meaningful development projects, including the proposed construction of the Mandaue City Government Center, envisioned to be a centralized hub for accessible public services. President Borromeo was joined by LANDBANK National Development Lending Sector Head, Executive Vice President Liduvino Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials. Apart from the LANDBANK Mandaue Branch and Mandaue City Hall Branch, there are 23 LANDBANK ATMs and two (2) Agent Banking Partners in Mandaue City to service banking needs. These are complemented by the LANDBANK Cebu Lending Center in the Municipality of Consolacion to finance development initiatives.
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 |
