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LandBank vows continued support to agri sector amid COVID-19 as loans reach P229.7-B in Q1

PIA NCR file photo
CALOOCAN CITY, April 26 (PIA) The Land Bank of the Philippines (LandBank) conveyed its steadfast commitment to provide responsive financing to farmers, fishers, and other players in the agribusiness value chain during the culmination of its Online Stakeholder’s Consultation Forum recently.
LandBank President and CEO Cecilia C. Borromeo assured stakeholders of the bank’s continued efforts in addressing emerging challenges and issues faced by clients in accessing agricultural credit amid the COVID-19 pandemic.
“We welcome the issues raised and suggestions gathered from clients during the focus group discussions, and we commit to provide direct and time-bound solutions. Listening to the voice of the customer is high in our agenda as it helps us improve on the delivery of our products and services,” Borromeo said. ....

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Landbank allots P30 billion for distressed hog raisers

Landbank allots P30 billion for distressed hog raisers
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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LANDBANK support to swine industry now at P30B

Published April 21, 2021, 10:52 AM
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion.
This, according to the bank, will help local pork producers and feed millers to repopulate and stay in operations amid ASF.
The move came after Finance Secretary and LANDBANK Chairman Carlos Dominguez III ordered the state lender to double its support for hog raisers, feed millers, and other industry players dealing with supply shortfalls and retail price spirals of pork products.
“The LANDBANK is taking steps to ease the supply and price pressures with additional funding support for distressed stakeholders, as the steep rise in pork prices is partly responsible for the current elevated inflation that has exacerbated the daily woes of Filipino consumers amid the pandemic,” Dominguez said. ....

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Landbank doubles funding support for distressed swine industry to P30B

SunStar
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April 21, 2021
THE Land Bank of the Philippines (Landbank) is raising its available loan window in support of local pork producers and feed millers to P30 billion, from P15 billion, to finance stock repopulation and feed milling operations of stakeholders reeling from the adverse impact of the African swine fever (ASF).
This came following the directive from Finance Secretary and Landbank Chairman Carlos Dominguez III for the state lender to double its support for hog raisers, feed millers and other industry players dealing with supply shortfalls and retail price spirals of pork products.
“Landbank is doubling its funds available for financing swine repopulation, feed milling operations and facility upgrades in order to help address at the soonest the supply shortfalls and subsequent retail price spirals affecting both hog producers and pork consumers,” Dominguez said. ....

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Landbank allocates P15-B funds for SWINE loan

Landbank allocates P15-B funds for SWINE loan
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