Landbank casts P2-B credit line for fishing boat purchase
February 16, 2021 IN LINE with supporting the fisheries sector, Land Bank of the Philippines (Landbank) is offering a new credit facility to assist existing and prospective commercial fishing operators in acquiring fishing vessels for domestic or overseas use. Under the P2-billion Landbank Commercial Fishing Vessel Financing Program, eligible borrowers may loan up to 80 percent of the acquisition cost to purchase a brand-new, second-hand or refurbished commercial fishing boat and related equipment for their business. "Landbank remains steadfast in supporting the fisheries sector....