THE government-owned Land Bank of the Philippines (LandBank) reported double-digit increases in assets and deposits combined with a net income growth of 93.5 percent to P20.3 billion in the first half of 2022 from P10.3 billion the previous year.

In a statement, LandBank attributed the significant growth in its net earnings to prudent management of the cost of funds and sustained interest revenue from loans and investments.

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