LENDING by the Land Bank of the Philippines (LBP) to priority sectors climbed to a record P251.5 billion in the first quarter of 2014, accounting for 81 percent of the total loans of P310.9 billion issued in the period.
The amount is 20 percent higher than the P209.1 billion of loans extended to priority sectors in the corresponding three months of 2013, LBP President and Chief Executive Officer Gilda Pico said.
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