DBP OKs P100M loan to Quezon-based Bayanihan Bank

MANILA, Philippines – State-owned Development Bank of the Philippines (DBP) has extended a credit facility to a Quezon-based rural bank to boost lending to farmers and fisherfolk. In a statement on Friday, DBP said it approved a P100-million loan for Bayanihan Bank Inc. under its Agriculture, Fisheries, and Rural Development (AFRD) Credit Facility. READ: BSP offers