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The Philippine government established banks to supplement private financial institutions in areas they were reluctant to operate due to poor economic returns or uncertain viability. The Philippine National Bank (PNB) and Land Bank of the Philippines (LBP) are two such government banks. PNB has broad corporate powers as a universal commercial bank, including various lending activities. LBP also has broad corporate powers focused on agricultural and agrarian reform lending. Both banks are governed by boards o

Author

Ashley Manalili

Language

EN