Defining the News
State-run Land Bank of the Philippines posted a net income of P31.85 billion in the first three quarters, the highest since it first breached the P30-billion mark at the end of 2022.
It also exceeded its target of P26.3 billion for the first three quarters by P5.6 billion, and represented 90.9 percent of the P35-billion full-year target. “We have likewise been prudent and disciplined with managing our expenses to maximize gains. We will ensure that our solid balance sheet continues to translate to substantial and meaningful support to the sectors we serve,” she said.
Total assets jumped 11.5 percent to P3.1 trillion from P2.8 trillion, propelled by the 12.8-percent year-on-year expansion of deposits to P2.7 trillion.
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Manila Standard | Defining the NewsWelcome to the online edition of Manila Standard (MS), a nationally circulated newspaper published daily in the Philippines since February 1987.
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Manila Standard | Defining the NewsWelcome to the online edition of Manila Standard (MS), a nationally circulated newspaper published daily in the Philippines since February 1987.
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Manila Standard | Defining the NewsWelcome to the online edition of Manila Standard (MS), a nationally circulated newspaper published daily in the Philippines since February 1987.
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Manila Standard | Defining the NewsWelcome to the online edition of Manila Standard (MS), a nationally circulated newspaper published daily in the Philippines since February 1987.
Read more »