Banks plan to expand lending to agri sector

Feb 11, 2023 12:24 am

The 2021 Countryside Bank Survey, released on Thursday, reported that at least 76 percent of the respondent banks had planned on expanding their agricultural loan portfolio.

Among the surveyed banks, thrift banks have shown more interest in lending with 93 percent followed by 87 percent of government-owned banks, and 72 percent of rural and cooperative banks.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

OFW remittances hit $3.34B

Powell says no need to rush rate cuts

Auto sales up 1.2% despite Kristine's operational impact

China's latest data shows soft economic underbelly

Financial sector resources rise to P33T as of end-Sept

Construction material prices edge up in Oct

Alliance Global posts steady 9-month profit