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LandBank vows continued support to agri sector amid COVID-19 as loans reach P229.7-B in Q1

PIA NCR file photo CALOOCAN CITY, April 26 (PIA)  The Land Bank of the Philippines (LandBank) conveyed its steadfast commitment to provide responsive financing to farmers, fishers, and other players in the agribusiness value chain during the culmination of its Online Stakeholder’s Consultation Forum recently.  LandBank President and CEO Cecilia C. Borromeo assured stakeholders of the bank’s continued efforts in addressing emerging challenges and issues faced by clients in accessing agricultural credit amid the COVID-19 pandemic.   “We welcome the issues raised and suggestions gathered from clients during the focus group discussions, and we commit to provide direct and time-bound solutions. Listening to the voice of the customer is high in our agenda as it helps us improve on the delivery of our products and services,” Borromeo said.

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Land Bank plans to buy Wilson St. property

Land Bank plans to buy Wilson St. property Oakridger The city of Oak Ridge s Land Bank is planning to purchase land in the middle of the city to help establish a downtown-type development there. The Oak Ridge City Council voted unanimously at its Feb. 8 meeting to allow the city Land Bank to borrow $900,000 to purchase this land on Wilson Street. However, the resolution Council passed stated it will not be borrowing city money, and Council will not be involved in paying off the debt. Oak Ridge City Council voted last year to recommend a “vision” for the street and surrounding area with “apartments, condos, restaurants, local shops, offices and beautiful green spaces,” according to a city resolution recommended by city staff. The street runs between the restaurants Kume at South Rutgers Avenue and El Cantarito on South Tulane Avenue, but the vision also included the surrounding area.

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