State-run Land Bank of the Philippines, the fourth-largest lender in terms of assets, exceeded its target of providing agricultural credit worth P231.25 billion in 2019 by actually extending P236.31 billion in loans to the farm and fisheries sector. The bank said the amount represented a 102-percent accomplishment rate. A report submitted to Finance Secretary and LandBank chairman Carlos Dominguez III showed that under the helm of the president and chief executive Cecilia Borromeo, the state lender also exceeded its target of assisting one million farmers in 2019 by 32,982 borrowers, representing a 103-percent accomplishment rate.

Rada, J. G. (2020, February 25). Land Bank exceeded 2019 agri credit target. Manila Standard, p. B1.