The results of the survey jointly conducted by the Bangko Sentral ng Pilipinas (BSP) and the Department of Agriculture showed that 72 percent of respondent banks were planning to raise their loan volumes to the agri sector.
“The proportion of those expecting to increase agricultural loan volume vary by type of banks with rural and commercial banks (around 76 percent) being the most bullish with government banks following closely at around 73 percent,” the BSP said in the 2022 Countryside Bank Survey baseline report.
The proportion of banking units who saw growth in agricultural lending this year stood at 74 percent in 2024 for thrift banks, while universal and commercial banks were at around 38 percent.
“There is scope to consider that universal and commercial banks may be implementing a form of division of labor with agricultural lending being assigned to affiliated thrift bank and rural bank subsidiaries,” the BSP said.
This story is from the May 12, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 12, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Manila councilor seeks probe of parking 'MOA'
A councilor in Manila sought to look into the alleged “agreements” in the use of parking spaces along roads in the city between the local government and private individuals.
Threats vs media to be classified as poll offenses
Threats, harassment, physical attacks and other forms of violence against members of the media during election period will be classified as election offenses under an agreement to be signed by the government’s task force on media security and the poll body by next month.
MPower renews power deal with Laguna plant
Pangilinan-led Manila Electric Co. (Meralco) said MPower, its local retail electricity supplier, would provide the energy requirements of a manufacturing plant in Laguna.
Investree Phl to close shop next year
Investree Philippines Inc., the country’s first crowdfunding intermediary and funding platform, is ceasing operations next year.
Bringing digital farming to the table
A villain in the Spiderman film series once dreamed of recreating the power of the sun in the palm of his hand. Perhaps that was one reputable dream.
Parts shortage continues to impact local airlines
Filipino carriers Philippine Airlines (PAL) and Cebu Pacific grounded almost 20 aircraft in the first five months of the year, feeling the pain of an extended engine and supply chain problem that started in 2023.
Alas reaches semis with 3-0 card
Like a bullet train, Philippine volleyball’s renaissance is fast approaching.
Swiatek both nervous, confident
Iga Swiatek said she is “confident” ahead of her bid to become only the fourth woman to win four Roland Garros singles titles in the Open era.
Israel strikes Rafah
Israel bombed the Gaza Strip, including Rafah yesterday, a day after the top UN court ordered it to halt military operations in the southern city as efforts get underway in Paris to seek a ceasefire in the war sparked by Hamas’s Oct. 7 attack.
CIDG appeals dismissal of raps vs ex-cop
The Criminal Investigation and Detection Group CIDG) has appealed the dismissal of the charges filed against a former police major and his driver, who were tagged in the disappearance of beauty pageant candidate Catherine Camilon.
