MANILA -State-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) are separately stepping up their lending activities ahead of a potential merger. Landbank has approved P113 billion in loans to local government units (LGUs) as of February, out of the P150-billion lending program for local development initiatives through the RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs). This lending program is meant to help ensure the resilient and sustainable recovery of local economies from the pandemic through financing for LGUs' development projects.

https://business.inquirer.net/395796/landbank-dbp-ramp-up-lending-as-merger-looms

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