State-run Land Bank of the Philippines has ramped-up efforts to bring more unbanked Filipinos into the formal banking system to support the national government’s financial inclusion program. The country’s second largest bank in terms of assets reported that it has onboarded more than 3.7...
Land Bank of the Philippines said its profit has slightly improved in the first three-months of the year, placing the government-run lender on track to meet its full year target despite the continuing challenges set by the pandemic. In a statement, Cecilia C. Borromeo, Land Bank president and chief...
State-lender Land Bank of the Philippines said it recorded a sustained surge in usage of its digital and e-banking channels in the first four-months of the year as health and mobility restrictions remain in place. In a statement, Cecilia C. Borromeo, Land Bank president and chief executive officer...
State-lender Land Bank of the Philippines continues in administering support programs for the Department of Agriculture as part of the rice tariffication law’s (RTL) implementation to help Filipino rice farmers. In a statement on Wednesday, May 19, Land Bank said it has disbursed a total of P7.5...
Amid the pending amendments to the Agri-Agra Reform Credit of 2009 (Agri-Agra Law), the Land Bank of the Philippines (LANDBANK) said it is open to revisiting its existing loan application requirements to make it easier for farmers and fishermen to borrow from the state-run bank. In a statement,...
Philippine National Bank, one of the country’s major banks, is ranked as the best company for professionals to growth their careers, according to the Linkedin’s 2021 Philippines Top Companies List. LinkedIn, the online professional network, published its list of the 2021 LinkedIn Top...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
Overseas Filipino Bank (OF Bank), a subsidiary of government-owned Land Bank of the Philippines, has become the country’s first online-only bank after the Bangko Sentral ng Pilipinas (BSP) granted it digital banking license on Maundy Thursday. BSP Deputy Governor Chuchi G. Fonacier, head of BSP...
Land Bank of the Philippines (LandBank) has set aside P2 billion for a new credit facility specifically for fishermen who want to purchase commercial fishing boats. Called LandBank Commercial Fishing Vessel Financing Program, the loan facility allows eligible borrowers willing to borrow up to 80...
Land Bank of the Philippines (LANDBANK) has opened a new credit facility that will fund 90 percent of borrowers’ investment requirement, but this is only if the borrower is either a farmer or a micro, small, and medium enterprise (MSME) engaged in the agricultural value chain of certain...
The Land Bank of the Philippines’ (LANDBANK) agricultural loans grew from P236.31 billion in 2019 to P237.62 billion in 2020, more than half of which were given to small, medium, and large agribusinesses. Of the P237.62 billion total outstanding loans, small, medium, and large agribusiness...
In a bid to be more accessible to farmers and fishermen, state-run Land Bank of the Philippines (LandBank) had set up different ‘Agri-Hubs’ across the country. In a statement, LandBank said that it has established the first four Agri-Hubs in December to bring financial services closer to more...
