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MANILA, Philippines — State-run Land Bank of the Philippines recorded a decline in earnings in the first quarter of 2026, but this did not deter the lender from lowering its digital transaction fee to P8 in a bid to make financial services more accessible to Filipinos.
In its latest financial statement, Landbank reported a 9-percent drop in net income to P12.05 billion as of end-March, down from P13.3 billion in the same period last year.
Despite the lower profit, the government bank trimmed its InstaPay transfer fee for person-to-person transactions by nearly half to P8 from P15, effective May 21. It also introduced one free InstaPay transfer per day for transactions amounting to P1,000 and below.
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