Govt to merge LandBank, DBP

By The Manila Times

Mar 29, 2023 12:36 am

THE government is moving to merge state-owned Land Bank of the Philippines (LandBank) and the Development Bank of the Philippines (DBP) in a bid to strengthen the country's financial system, Finance Secretary Benjamin Diokno said on Tuesday.

'By merging the two, it will now become the number one bank in the Philippines,' Diokno told reporters in Malacañang.

Finance Secretary Benjamin E. Diokno. PHOTO BY MIKE ALQUINTO

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