• The banking sector’s loan disbursements to the agriculture sector quadrupled last year after the government widened the number of projects considered as compliant with the 25 percent requirement, a member of the central bank’s Monetary Board said.
  • MB member Bruce Tolentino said the reforms made to the state’s rules on loans extended to the agriculture sector, through Republic Act 11901 or the Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022, are now generating results for the country, especially in the banking system.
  • The Bangko Sentral ng Pilipinas has yet to release the full-year 2023 figures on the agricultural loans compliant with RA 11901.
  • Latest data available covered the first half of 2022, showing total loans to the agriculture and agrarian reform sectors growing by 11.1 percent to P847.95 billion on an annual basis.