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News > Nation
Lagman: Only Congress can authorize LandBank-DBP merger
By Moises Cruz
May 09, 2023 12:45 am

Rep. Edcel Lagman (Albay, 1st District) said only congressional action could bring about the proposed merger of the Land Bank of the Philippines (LandBank or LBP) and the Development Bank of the Philippines (DBP).

The merger of LandBank with DBP will result in the creation of a single government bank that will be the largest in the Philippines.

Albay First District Rep. Edcel Lagman. File Photo

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