LandBank income up 12% in Q1 to P4.75 B 0 SHARES Share it! Share TweetBy Lee C. ChipongianGovernment-owned Land Bank of the Philippines (LandBank) reported a 12 percent year-on-year increase in net income in the first quarter to P4.75 billion, its president and CEO, Cecilia C. Borromeo said. Its latest income number is actually 14 percent higher from its income target for the period of P4.16 billion. Borromeo said its income remained robust because of the growth in the bank’s loans and investments. As of end-March, its interest income on loans went up by 69 percent with a gross loan portfolio of P867.32 billion.

Source: Manila Bulletin May 20, 2019 13:52 UTC