Loans provided by banks to the agriculture and agrarian reform sector plunged by 2.76 percent at the end of last year, also falling short of the mandated threshold, Bangko Sentral ng Pilipinas (BSP) data showed.
The banking system set aside P713.599 billion for the sector as of end-2020, a P20.32-billion slide from P733.921 billion as of end-2019.
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