State-run Land Bank of the Philippines (LandBank) on Wednesday reported that its net income for the first half of 2015 grew by double-digit rates and exceeded its target for the period.

In a statement, LandBank said net income for the first half rose 19 percent to P7.2 billion from P6.04 billion in the same period last year, beating the first-half income target of P6 billion by 20 percent.

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