Apart from institutionalizing transparency, accountability, financial viability and responsiveness, the GCG is mandated to rationalize the GOCC sector through “streamlining, reorganization, merger, as well as recommending to the President of the Philippines the privatization or abolition of a GOCC.”One of the sources said the merger of the two banks had been laid out during the term of the late President Benigno Aquino III, but was not implemented because the executive order came out late.
Landbank is currently the second largest bank with assets amounting to P2.76 trillion, while DBP ranks eighth with P1.035 trillion. The last time that a government-owned bank dominated the local banking system was during the term of former President Fidel Ramos, when Philippine National Bank was still state-controlled.The union of the two government banks is seen to unlock efficiency that will benefit the government corporate sector.
Maybe this merger can be doomed for companies seeking banking efficiency, DBP is used to processing efficiency, Landbank is used to the style of slowdown bureacracy works like a real government office.
Meanwhile customer service in both banks remains poor 😡
puro pagpapalago ng perang kakabigin ang kagalingan ng gobyernong ito. walang initiative n mgisip at gumawa ng proyekto o pagsasaayos ng kung ano ano pra sa ikabubuti ng bayan. ikabubuti ng bulsa nila lamang ang pinagbubuti
REALTALK NOYPIs LET US NOW WELCOME THE REALIZATION OF MAHARLIKHA INVESTMENT FUND AND THE DAWNING OF GOLDEN ERA...BRACE OURSELVES😜😜😜
Mas madali nalang mangulimbat haha!
Scary. Time to pull out from landbank
Galing nila magisip Ng pagkakakitaan
Alam na this. PNB : Magellan Sr; LBP-DBP : Magellan Jr.
Kaninong idea na Naman Yan, wala ng pagpililian ang tao, Yan na lang Ang dalawang bangko ng gobierno!
Pagsama-samahin ang pera para mas madaling nakawin. Wala ng duplication of efforts. Streamlined. Efficient.
I do not see any reason to merge these 2. The taumbayan is still the boss. Kc money ng tao. Please explain with clarity, why. That is an inherent right vested in ownership. Thanx
maharlika fund na
Who needs this simplified?
Para madali ma-otlum
Anu yung kanta ni Gary V? Di Na Natuto?
Pagpinagsama sama nga naman eh mas madaling nakawin.
Para iisa na lang ang kukupitan 🤮
Di ba magkaiba ang role nila? DBP is for industries, while Landbank is for agri. Bakit ime-merge?