Banks’ farm loans remain below compliance rate
Loans extended to the agriculture and agrarian reform (agri-agra) sectors further rose to P432.7 billion in 2015, although this level was still below the compliance rates required from banks.
The latest Bangko Sentral ng Pilipinas (BSP) data showed that across universal, commercial, thrift, rural and cooperative banks, total compliance to Republic Act (RA) No. 10000 or the Agri-Agra Reform Credit Act jumped by 20.6 percent from P358.7 billion in 2014.
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