THE Land Bank of the Philippines (LBP) on Friday said lending to priority sectors increased by nearly a fifth in the first quarter of the year as more farmers and fisherfolk took advantage of lower interest rates.
In a report, LandBank president and CEO Gilda Pico said that LBP’s loans to the priority sector reached P387.4 billion in January-March 2016, up by 18 percent from the same period a year ago.
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