‘Merger of LBP, UCPB units good for govt’

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The story "‘Merger of LBP, UCPB units good for govt’" was covered 18 hours ago by Business Mirror, a news publisher based in Philippines.

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‘Merger of LBP, UCPB units good for govt’ - Business Mirror

Quick Summary:

THE top executive of Land Bank of the Philippines (LBP) maintains that the merger of LandBank Leasing and Finance Corp.(LLFC) and United Coconut Planters Bank Leasing and Finance Corp.(ULFC) will support the government’s development agenda and improve client service.

The decision comes after the Governance Commission for GOCCs determined that the ULFC is no longer achieving its expected objective and purpose.

Ortiz as saying the merger will boost LBP’s leasing and financing market power.