Published April 27, 2021, 5:30 AM
State-run Land Bank of the Philippines (LANDBANK) said its total loan portfolio to the agriculture sector slightly grew to P229 billion as of March 31 or 4.8 percent higher than P219.24 billion in February, with the small, medium, and large enterprises (MSMEs) accounting for the bulk.
According to the bank, the increase was primarily attributed to a 9.5-percent rise in loans released to MSMEs.
LANDBANK’s statement came out after Bangko Sentral ng Pilipinas (BSP) reported that total outstanding loans of universal and commercial banks for production to agriculture, forestry, and fishing fell by 6.1 percent year-on-year in February.
LandBank President and CEO Cecilia C. Borromeo
Landbank opens lending option for hog raisers – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published March 5, 2021, 8:00 AM
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).
A statement released on Thursday showed that VFI has availed a short-term loan from Landbank in 2020 as working capital for the expansion of The Pork Shop, the company’s retail business.
Though Landbank didn’t specify the amount of VFI’s newest loan, it said that in 2020 alone, it extended a P37.48 billion loan to different livestock projects across the country. Of this, P16.86 billion were lent to the piggery industry.
Landbank expands student loan to cover gadget purchase for e-learning
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State-run Land Bank of the Philippines said it has expanded the coverage of its direct loan program for students to cover the purchase of electronic gadgets needed for online learning.
Under the enhanced I-STUDY (Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth) Lending Program, Landbank is now offering a loan of up to P50,000 per student to finance the purchase of learning gadgets such as laptop, desktop or tablet, that can be included in the maximum loanable amount of P150,000 per student or P300,000 per parent-borrower to cover payment for tuition or enrolment-related fees.
CALOOCAN CITY, March 3 (PIA) State-run Land Bank of the Philippines (LandBank) has expanded the coverage of its direct loan program for students to cover the purchase of electronic gadgets needed for online learning.
Under the enhanced I-STUDY (Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth) Lending Program, LandBank is now offering a loan of up to P50,000 per student to finance the purchase of learning gadgets such as laptop, desktop or tablet, that can be included in the maximum loanable amount of P150,000 per student or P300,000 per parent-borrower to cover payment for tuition or enrolment-related fees.