President Duterte has approved the merger between the Land Bank of the Philippines (LBP) and the United Coconut Planters Bank (UCPB) to “strengthen capability to deliver financial services” to coconut industry and the agricultural sector. President Rodrigo Duterte (File photo/Malacañang) In...
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...
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,...
State-run Land Bank of the Philippines has released P60.36 billion in unconditional cash transfers (UCTs) last year to beneficiary-households of the social mitigation program under the tax reform for acceleration and inclusion act (TRAIN). In a statement, Cecilia Borromeo,...
State-run Land Bank of the Philippines (LANDBANK) said its total loan portfolio to the agriculture sector slightly grew to P229 billion as of March 31 or 4.8 percent higher than P219.24 billion in February, with the small, medium, and large enterprises (MSMEs) accounting for the bulk. According to...
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...
Farmers’ groups do not expect the Philippine government to deliver anytime soon the machineries urgently needed to develop the coconut sector even with the passage of the Republic Act (RA) 11524, also known as the Coconut Farmers and Industry Trust Fund Act or Coco Levy Act. ...
State-run Land Bank of the Philippines has launched a new lending program to support the local hog industry amid threats from the African swine fever (ASF) outbreak. In a statement, the government-owned lender said it has earmarked P15 billion for the special window and interim support to nurture...
As part of the efforts to boost the Philippines’ agricultural production, the Philippine government should find a way to be able to tap into financial technology (FinTech) in linking farmers with financial services. “If done well, FinTech could be key to increasing agricultural...
State-run Land Bank of the Philippines (Landbank) has financed the expansion of Virginia Farms Inc. (VFI), a move that now helps the Cebu-based company sustain its production of hogs that are safe and free from African Swine Fever (ASF). A statement released on Thursday showed that VFI has availed...
State-lender Land Bank of the Philippines (Landbank) said that its profit dropped last year due to reduced economic activities brought about by the coronavirus pandemic. In a statement, Cecilia C. Borromeo, Landbank president and chief executive said that the bank’s net income declined by seven...
Trade and Industry Secretary Ramon M. Lopez on Monday, (Feb. 22) urged the Bangko Sentral ng Pilipinas (BSP) to craft rules to encourage banks to lend more for auto loans stressing that banks have huge liquidity that they can use to help businesses recover. Trade and...
