PHILIPPINE banks again failed to follow the law requiring them to lend 10 percent of their loan portfolio to micro, small and medium enterprises (MSMEs).
PHILIPPINE banks again failed to follow the law requiring them to lend 10 percent of their loan portfolio to micro, small and medium enterprises .Data from the Bangko Sentral ng Pilipinas showed banks approved only 4.52 percent or P488.13 billion of their P10.8-trillion loan portfolio to
Es are also responsible for 65.1 percent of total employment across the nation.The concentration of employment within Es access to bank financing. The BSP says rural banks loaned 17.61 percent of their total credit to micro and small enterprises, and 9.26 percent to medium businesses — far exceeding the required threshold for lending.Obstacles
Es. According to the 2022 ADB Es cited access to training and information as adequate. This issue is more pronounced among smaller enterprises, with only 6 percent of micro businesses reporting sufficient access, compared to 25 percent of medium enterprises.BSP's National Strategy for Financial Inclusion for 2022-2028 is a set of objectives devised to promote financial health and financial inclusion for
Es easier access to non-collateral bank financing by helping
Need To Lend More Money To Msmes
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