The share of agriculture loans and services rose to 18.1 percent in 2022 from 17.6 percent in 2021, according to the 2022 Countryside Bank Survey report released by the Bangko Sentral ng Pilipinas (BSP). The increase was mainly observed in rural and cooperative banks, or RCBs. “It reflects an expansion…
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About 76 percent of banks had planned on expanding their lending to the agriculture sector in 2022, according to the results of the first “Countryside Bank Survey: A Baseline Report” (CBS) survey conducted by the Bangko Sentral ng Pilipinas (BSP).
The CBS results, released on Thursday, Feb. 9, aim
The Department of Agriculture- Agricultural Credit Policy Council released over P5.39 billion worth of loans to agricultural stakeholders last year, in line with its mandate of promoting effective and sustainable delivery of financial services to the countryside.