Loanable Funds

LandBank acquires UCPB as part of P2,7-t merger

The merger between the Land Bank of the Philippines and the United Coconut Planters Bank will strengthen the government’s efforts to build a stronger, unified banking institution capable of serving coconut farmers and other workers in the agricultural sector, said Tuesday. a senior officer of LandBank. President Rodrigo Duterte ordered …

Read More »

Agri-agra penalties attain P13B in 8 years

Sanctions imposed on banks that failed to satisfy the necessary credit score allocation for agriculture and land reform totaled greater than 13 billion pesos over an eight-year interval, in accordance with a central financial institution official. “We collected round 13.4 billion pesos in agro-agricultural penalties from 2011 to 2018,” Lyn …

Read More »

Your central financial institution – Manila Commonplace

“The governor’s reply to this conundrum: simply preserve being optimistic.” The COVID-19 pandemic is above all a well being disaster. That is what Governor Benjamin Diokno of Bangko Sentral ng Pilipinas (BSP) says. But the top of the central financial institution alone has poured more cash into the financial system …

Read More »

SSS unemployment profit claims enhance 10 occasions

Czeriza Valencia (The Philippine Star) – March 13, 2021 – 00h00 MANILA, Philippines – Unemployment claims from the state-run Social Safety System (SSS) elevated practically 10 occasions final yr after the unemployment charge hit an all-time excessive amid the pandemic, a stated yesterday the Ministry of Finance (DOF). Citing the …

Read More »