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Loans to MSMEs, large firms as RRR compliance near P200 billion

To comply with the reserve requirement, banks have extended nearly P200 billion in loans to small, medium and large firms as of end-March, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource: philstar philstarMay 10th, 2021

Loans to MSMEs, large firms hit P164 billion

Loans extended by banks to small and large businesses amounted to nearly P164 billion after the Bangko Sentral ng Pilipinas eased reserve requirement rules for banks......»»

Category: financeSource:  philstarRelated NewsJan 6th, 2021

Banks lend P189 billion to MSMEs as compliance to reserve requirement

Loans extended by banks to micro, small and medium enterprises used as compliance with the central bank’s reserve requirement ratio amounted to P188.7 billion as of July, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsAug 21st, 2021

Bank lending to MSMEs climbs to P184 billion in June

Loans extended by banks to micro, small, and medium enterprises, which are used as compliance to the reserve requirement ratio, reached P183.9 billion as of mid-June, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJul 31st, 2021

Loans to MSMEs breach P100 billion as of August

Loans extended to micro, small and medium enterprises that are booked in compliance with banks’ reserve requirements breached the P100-billion level as of end-August as the Bangko Sentral ng Pilipinas continued to extend regulatory relief measures amid the coronavirus pandemic......»»

Category: financeSource:  philstarRelated NewsSep 20th, 2020

MSMEs near full availment of P5 billion COVID-19 loan package

Loans released to micro, small and medium enterprises hit by the COVID-19 pandemic under a program of the financing arm of the Department of Trade and Industry have reached P4.9 billion out of the P5 billion allocation......»»

Category: newsSource:  philstarRelated NewsJul 24th, 2021

COVID-19 loans to MSMEs near full takeup

A lending facility to support micro, small and medium enterprises severely affected by the coronavirus pandemic is nearing full utilization as total approved loans have reached P4.5 billion as of June 9, the Department of Trade and Industry said......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2021

COVID-19 loans for MSMEs reach P4.3 billion

Loans approved by the financing arm of the Department of Trade and Industry to assist micro, small and medium enterprises affected by the COVID-19 pandemic have reached P4.3 billion as of end-May......»»

Category: financeSource:  philstarRelated NewsJun 3rd, 2021

COVID-19 loans to MSMEs reach P4 bllion

Loans approved by the financing arm of the Department of Trade and Industry for micro, small and medium enterprises hit by the COVID-19 pandemic have already reached P4 billion......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2021

Loans to MSMEs under CSF near P7 billion

Loans released to micro, small and medium enterprises under the credit surety fund are now nearing P7 billion, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2021

Listed firms postpone debt payments

A large number of listed companies have maximized the leeway provided by the government in managing loans and financial obligations amid the lingering onslaught of the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

COVID-19 assistance loans to MSMEs reach P3.8 billion

A total of P3.8 billion in loans have been approved under a facility to assist micro, small and medium enterprises facing challenges due to the COVID-19 pandemic, the Department of Trade and Industry said......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2021

Gov’t Financing Arm Approves P3.4-B MSME Zero-Interest Loan

PHP3.38 billion in loans to micro, small and medium enterprises (MSMEs) was approved by the Small Business (SB) Corp., the financing arm of the Department of Trade and Industry’s (DTI) under the COVID-19 Assistance to Restart Enterprises (CARES) program, according to DTI Secretary Ramon Lopez. The trade chief said in a televised interview that the […].....»»

Category: lifestyleSource:  abscbnRelated NewsApr 15th, 2021

DTI approves P3.3 billion loans for MSMEs

The Department of Trade and Industry has approved over P3.3 billion worth of loans under a facility to assist micro, small and medium enterprises dealing with the impact of COVID-19 pandemic......»»

Category: newsSource:  philstarRelated NewsApr 8th, 2021

Bank loans to MSMEs slump 17% in 2020

Bank loans to micro, small, and medium enterprises slumped by 17 percent to P480.5 billion in 2020 from P579.13 billion in 2019 as the sector was affected by massive shutdowns due to strict mobility and quarantine restrictions amid the pandemic, according to the Bangko Sentral ng Pilipinas.....»»

Category: financeSource:  philstarRelated NewsApr 7th, 2021

UnionBank thrift unit releases P53 billion loans for teachers, MSMEs

The thrift bank arm of Aboitiz-led Union Bank of the Philippines has extended P53.1 billion worth of loans for teachers, motorcycles as well as micro, small and medium enterprises as of end-2020......»»

Category: financeSource:  philstarRelated NewsMar 24th, 2021

UnionBank lends P1.5 billion to MSMEs via SeekCap

Aboitiz-led Union Bank of the Philippines Inc. has disbursed P1.5 billion worth of loans to micro, small, and medium enterprises particularly those affected by the pandemic through its online lending platform......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2021

MSMEs urged to tap COVID-19 loans

The Department of Trade and Industry is urging micro, small and medium enterprises to avail of a lending program which has approved P2.35 billion worth of loans to help businesses recover and strengthen their operations amid the COVID-19 pandemic......»»

Category: newsSource:  philstarRelated NewsFeb 10th, 2021

SB Corp. Activates CARES Program P2.3-B Loan

Small Business (SB) Corp., the financing arm of the Department of Trade and Industry, said on Wednesday that PHP2.27 billion worth of loans has been approved to help 21,358 micro, small, and medium enterprises (MSMEs). The approved loans are under the COVID-19 Assistance to Restart Enterprises (CARES) program of SB Corp. and DTI. PHP2 billion […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 4th, 2021

Over P2 billion loans released to COVID-19 affected MSMEs

Loans approved and released under a program to help micro, small and medium enterprises recover from the impact of COVID-19 have reached over P2 billion as of this month, the Department of Trade and Industry said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 3rd, 2021

PhilGuarantee opens P42.3 billion credit window for small firms

PhilGuarantee opens P42.3 billion credit window for small firms Mary Grace Padin (The Philippine Star) – November 13, 2020 – 12:00am MANILA, Philippines — State-run Philippine Guarantee Corp. (PhilGuarantee) has opened P42.3 billion in credit guarantee facilities to support micro, small and medium enterprises (MSMEs) struggling due to the coronavirus pandemic, the Department of Finance […].....»»

Category: newsSource:  balitaRelated NewsNov 13th, 2020