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State-owned Landbank of the Philippines said that financing support to improve and construct farm infrastructure and post harvest facilities accounted for the bulk of its loans to the agriculture sector. In a report to Finance Secretary Carlos G. Dominguez III, Landbank said that about P94.01 bi
SunStar DAR capacitates development facilitators BACOLOD. Development facilitators of the Department of Agrarian Reform in Negros Occidental-North attend a capacity development training at the agency’s Provincial Office’s Conference Room in Bacolod City recently. (Contributed photo) + March 14, 2021 THE Department of Agrarian Reform (DAR) in Negros Occidental-North has conducted a two-day training on basic accounting for its development facilitators at the agency’s Provincial Office’s Conference Room in Bacolod City recently. The activity was a...
Published January 29, 2021, 12:22 PM The Land Bank of the Philippines’ (LANDBANK) agricultural loans grew from P236.31 billion in 2019 to P237.62 billion in 2020, more than half of which were given to small, medium, and large agribusinesses. Of the P237.62 billion total outstanding loans, small, medium, and large agribusiness enterprises were granted P142.75 billion, while P50.89 billion was channeled to support agri-aqua related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). Meanwhile, P43.98 billion went to small farmers and fishers, co...
CALOOCAN CITY, Jan. 30 (PIA) -- The Land Bank of the Philippines (LandBank) expanded its total loan portfolio to the agriculture sector from P236.31 billion in 2019 to P237.62 billion in 2020, as the state-run bank remained aggressive in providing crucial lending support to the sector despite the challenges of the COVID-19 pandemic. Of the P237.62 billion total outstanding loans, P43.98 billion benefitted small farmers and fishers, cooperatives and farmers’ associations, rural financial institutions and other conduits. Small, medium, and large agribusiness enterprises were granted P142.75 b...