The local unit of a Malaysian infrastructure conglomerate is seeking financing from state-run Land Bank of the Philippines (Landbank) for potential development in the New Clark City.
State-run Land Bank of the Philippines (Landbank) saw its net income climb by over 50 percent to P25.7 billion in the first nine-months, almost hitting the bank’s 2022 bottomline target.
State-run National Power Corp. is looking to tap a P5 billion credit facility from the Land Bank of the Philippines after securing a favorable opinion from the Department of Justice (DOJ), allowing it access to banks’ credit lines to support its operations.
State-run Land Bank of the Philippines will continue to pour in resources for climate financing in a bid to ramp up adaptation and mitigation of the country amid the worsening impacts of climate change.
State-run Land Bank of the Philippines has released about P83.1 billion as of the end of August to vulnerable groups of society in a bid to ramp up the government’s social protection services.