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                    [ArticleID] => 147146
                    [Title] => Landbank expects P1.5-B net profit for 2001
                    [Summary] => The Land Bank of the Philippines (Landbank) expects a full-year income of P1.5 billion for 2001 and is projecting a 10 percent increase or P1.6 billion net profit for this year.


"This is a fighting target, because we are facing more contraints," said Landbank president Margarito Teves.


Teves said that Landbank this year faces the difficult balancing act of expanding its agri-agra lending mandate, with that of trimming its loans or non-performing loans.


                    [DatePublished] => 2002-01-15 00:00:00
                    [ColumnID] => 133272
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ASIA-PACIFIC INVESTMENT LTD

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                    [ArticleID] => 147146
                    [Title] => Landbank expects P1.5-B net profit for 2001
                    [Summary] => The Land Bank of the Philippines (Landbank) expects a full-year income of P1.5 billion for 2001 and is projecting a 10 percent increase or P1.6 billion net profit for this year.


"This is a fighting target, because we are facing more contraints," said Landbank president Margarito Teves.


Teves said that Landbank this year faces the difficult balancing act of expanding its agri-agra lending mandate, with that of trimming its loans or non-performing loans.


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abtest

Landbank expects P1.5-B net profit for 2001

January 15, 2002 - 12:00am

The Land Bank of the Philippines (Landbank) expects a full-year income of P1.5 billion for 2001 and is projecting a 10 percent increase or P1.6 billion net profit for this year. "This is a fighting target,...

Business