BANK loans to micro, small and medium enterprises (MSMEs) increased to more than P200 billion after the Bangko Sentral ng Pilipinas (BSP) lowered the reserve requirement rules for lenders, according to BSP Governor Benjamin Diokno.
"For the week ending 31 October 2021, the banking system allocated an average of P202.2 billion loans for MSMEs as alternative compliance with the reserve requirements," he announced at the Joint Foreign Chambers of the Philippines' Arangkada Philippines forum on Wednesday.
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
.