LANDBANK in agri tech, dev’t financing tieup with Israel

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THE Land Bank of the Philippines (LANDBANK) said it is collaborating with the government of Israel to share technology and best practices in agriculture and development financing.

“LANDBANK continues to explore strategic partnerships to help advance national development. We look forward to collaborating …towards the adoption of innovative technology and approaches, especially in the agriculture sector,” LANDBANK President Cecilia C. Borromeo said in a statement on Monday.

LANDBANK said it is looking into a program to endorse qualified Filipino students to “undergo advanced learning and skills development training in agriculture technology and innovation in Israel.”

In the nine months to September, LANDBANK’s net profit grew 54% to P25.69 billion amid higher interest earnings from loans and investments.

The nine-month total was equivalent to a return on equity of 14.89%, and a return on assets of 1.15%. — Luisa Maria Jacinta C. Jocson