The Goal of Philippine National Bank?

The bank's objective then was to render financial assistance to the Philippine commercial enterprise and agribusiness and to assist the economic development endeavor of the government. With the establishment of this banking institution, Filipinos had a bank by which they can call their own. The banking institution was allowed to concede short and long-term loans to agribusiness and industry. Through these loans, farmers can avail a loan with interest of 8 to 10 percent per year. This banking institution is also allowed to accept deposits, open international credits and refund bills.