Business
Landbank Eyes Single-Digit Income Growth by 2026 Amid Fee Waivers
The state-run Land Bank of the Philippines is targeting single-digit income growth by 2026, despite fee waivers and a weak economic outlook. While net income fell 4% in the first half, the bank aims to balance its developmental and financial inclusion mandates, anticipating a recovery in the latter half of the year.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Landbank Eyes Profit Growth Amid Digital Fee Waiver Impact
State-run Land Bank of the Philippines aims to recover profit growth this year by expanding its loan portfolio and strengthening balance sheet management, despite a decline in income due to waiving digital transfer fees. Net income fell 4% in the first half, but total assets show an upward trend.