State-run Land Bank of the Philippines (LBP) on Wednesday said its loan portfolio grew by more than a tenth in the first quarter of the year as it further strengthen its support to its mandated and priority sectors.
Gilda Pico, LBP president and chief executive, said that the bank’s loan portfolio increased by 13 percent to P274 billion in January-March 2013, from the P243 billion record a year ago.
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