Business NEWS

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).

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.

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.

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.

State-run Land Bank of the Philippines said it will facilitate the opening of bank accounts for registrants to the national identification system to ensure the speedy and efficient delivery of future government assistance programs.

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 commodities. 

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.

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.

AgriNurture Inc. (ANI), the listed agriculture company controlled by businessman Antonio Tiu, has partnered with Land Bank of the Philippines to launch an electronic voucher platform to serve farmers in rural communities nationwide. 

State-lender Land Bank of the Philippines further increased its loan releases to agriculture sector in November last year, the Department of Finance (DOF) announced.

State-lender Land Bank of the Philippines (Landbank) is on track to hit its target on agriculture sector loans for this year in line with President Duterte’s order to intensify its support to local farmers.

The Department of Agriculture’s (DA) Agricultural Credit Policy Council (ACPC) has deposited P1 billion to LandBak as additional funding for emergency loans to small farmers and fisherfolk during COVID-19 pandemic.

Government-owned Land Bank of the Philippines is encouraging qualified local government units (LGUs) with good credit standing to borrow funds and take advantage of the two percent loan subsidy under Bayanihan 2.

As an accredited partner of Landbank, CEU students can avail of one of the country's best financial assistance programs

State-run Land Bank of the Philippines (LandBank) committed to support more farmers’ groups after extending a total of P20.86 billion in outstanding loans to as many as 1,081 cooperatives and farmers’ associations as of end-August.