MANILA, March 15 -- State-run Land Bank of the Philippines (LandBank) recently inaugurated agri-hubs in Oriental Mindoro and Misamis Occidental, as part of the bank's efforts to boost rice production and economic activities in these provinces.

In a statement on Friday, LandBank said the agri-hub in Bongabong, Oriental Mindoro was launched on March 8, while the agri-hub in Plaridel, Occidental Mindoro was inaugurated on Feb. 16.

The bank has been establishing agri-hubs in the country's top rice-producing provinces to bring various financial services under one roof.

These include banking services such as account opening, withdrawals and check encashment, lending services such as the processing of loan applications and agrarian services s...