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Latest Breaking News On - Orromeo said they also intend to further boost the government 39s financial digitalization bid through expansion of bank digital banking services quot because we believe that is very good way including many filipinos into mainstream pna - Page 1 : comparemela.com

Landbank eyes growth for agri loans

AGRI LOANS. The Land Bank of the Philippines (Landbank) targets to increase to 3.6 million the number of small farmers and fishers that it has extended loans to this year. This, as the government financial institution intends to increase its loan portfolio, with the focus on the agriculture sector. (PNA file photo) MANILA - State-owned Land Bank of the Philippines (Landbank) intends to increase the number of small farmers and fishers it has assisted up to 3.6 million this year in line with the government's bid to further uplift the agriculture sector. In an interview after the official inauguration of the bank's three-story Landbank Leadership and Development Center (LLDC) in the City of Manila on Tuesday, Landbank president and chief executive officer (CEO) Cecilia Borromeo said they will continue to extend financing to various programs that will boost the country's recovery, with the focus on the agriculture sector. "So we're looking to support not only the small

Cecilia borromeoLandbank programDevelopment centerLand bankLandbank leadershipAgri loans the land bank of philippines landbank targets to increase 3 6 million number small farmers and fishers that it has extended this yearS the government financial institution intends to increase its loan portfolioIth the focus on agriculture sector pna file photo manila state owned land bank of philippines landbank intends to increase number small farmers and fishers it has assisted up 3 6 million this year in line with government 39s bid further uplift an interview after official inauguration three story leadership development center lldc city tuesdayAndbank president and chief executive officer ceo cecilia borromeo said they will continue to extend financing various programs that boost the country 39s recoveryIth the focus on agriculture sector quot so we 39 re looking to support not only small farmers but all players of agri business value chain and even large corporations that have very good models proven themselves be profitable employeda lot filipinosUot she said borromeo the bank ended 2022 with more than php261 billion worth of loans extended to agriculture sectorA growth of around 5 percent year on quoti believe that is the biggest loan portfolio to agri culture sectorUot she saidDding that loan growth for the sector is higher than 39s full year output last which 0 5 percent borromeo optimistic of sustained rise lending to agriculture this but declined give specific figures bank focus on will be further felt through its quot iskolar ng landbank programHich targets to provide scholarships 360 college level students who are dependents of agrarian reform beneficiaries arbs and small farmers fishers nationwide the bank has allocateda total php128 million for this program that will run from 2023 until 2028 meanwhileOrromeo said they also intend to further boost the government 39s financial digitalization bid through expansion of bank digital banking services quot because we believe that is very good way including many filipinos into mainstream pna

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