Loans extended by banks to micro up to large enterprises have hit P197 billion since the Bangko Sentral ng Pilipinas (BSP) eased the reserve requirement rules for lenders.
In a report released over the weekend, the central bank said for the week ending last March 25, loans extended to micro, small and medium enterprises (MSME) used as alternative compliance amounted to P163.5 billion, translating to 11.5 percent of total required reserves.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.