LandBank agri loans hit P247.85B at end-2021

By Eireene Jairee Gomez

Feb 23, 2022 12:29 am

STATE-OWNED Land Bank of the Philippines' (LandBank) outstanding loans to the agriculture sector reached P247.85 billion as of end-2021, a 4.31-percent increase from the previous P237.62 billion.

It said in a statement that of the total P247.85 billion, P38.83 billion directly benefited small farmers and fishers, including those which were channeled through cooperatives and farmers' associations, rural financial institutions and other conduits.

Land Bank of the Philippines head office located in Malate, Manila. PHOTO BY ENRIQUE AGCAOILI

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