The Land Bank of the Philippines (LBP) on Thursday said its loans to priority sectors increased by 30 percent in the first half of the year as more farmers and fisherfolk took advantage of the lower interest rates.

In a statement, LBP president Gilda Pico said LBP’s total loans to the priority sector reached P268.9 billion from January to June, representing 82 percent of its total loans of P328.9 billion during the period.

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