Loans released by Land Bank of the Philippines (LBP) to small farmers, micro-enterprises, agriculture and aquaculture business grew 35 percent to P331.3 billion in 2014 from P244.6 billion in the previous year, a top official said on Friday.
Gilda Pico, LBP President and Chief Executive Officer, said the loans were part of releases to its priority sector aimed at promoting economic growth in the rural areas.
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