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MSME loans down 8.6% to P488 billion in Q1

Loans extended by domestic banks to micro, small and medium enterprises slipped by 8.6 percent in the first quarter......»»

Category: financeSource: philstar philstarJun 1st, 2021

Guaranteed MSME loans reach P1.47 billion

Loans of pandemic-hit smaller businesses that have been guaranteed by the government have grown sixfold in March since the guarantee program was launched in December 2020, the Department of Finance said yesterday......»»

Category: financeSource:  philstarRelated NewsMay 5th, 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

MSME loans down 15% to P464.3 billion in end-September 2020

Loans extended to micro, small and medium enterprises declined by 15.2 percent as of end-September last year despite regulatory relief measures extended by the Bangko Sentral ng Pilipinas to banks to assist the sector in jumpstarting the economy amid the pandemic......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2021

MSME loans reach P457 billion in end-April

Loans extended by Philippine banks to micro, small and medium enterprises reached P457 billion as of end-April as the Bangko Sentral ng Pilipinas urges financial institutions to lend more to the sector......»»

Category: financeSource:  philstarRelated NewsJun 22nd, 2020

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

Japan releases final P4.6 billion loan tranche for Philippines pandemic response

The Philippines has formally received P4.59 billion in loans, the final tranche from the total P22 billion, from the Japanese government to boost the country’s COVID response......»»

Category: financeSource:  philstarRelated NewsAug 21st, 2021

Agriculture loan guarantees reach P3.5 billion in H1

The government extended P3.5 billion in guarantees to loans in the agriculture sector in the first semester, nearly achieving the full year target of P3.7 billion......»»

Category: financeSource:  philstarRelated NewsAug 20th, 2021

State-guaranteed agri loans hit P3.5-B in H1

The government has provided guarantees to a total of P3.5 billion loans in the agriculture sector in the first half, benefitting thousands of farmers and fisherfolk amid the coronavirus pandemic......»»

Category: financeSource:  philstarRelated NewsAug 19th, 2021

BSP rediscounting loans drop to P5.5 billion

Loans released by the Bangko Sentral ng Pilipinas to banks via its peso rediscounting loan facility plunged to P5.52 billion from January to July compared to P20.7 billion in the same period last year......»»

Category: financeSource:  philstarRelated NewsAug 10th, 2021

BanKo loans hit P22 billion

The microfinance arm of Ayala-led Bank of the Philippine Islands has released over P22 billion in loans over the past four years to help micro, small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsAug 3rd, 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

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

Forex buffer drops to $106 billion in June

The country’s foreign exchange buffer declined for the third straight month to $106.08 billion in end-June from $107.25 billion a month earlier as the national government spent more to bankroll its COVID-19 response measures and paid more foreign loans, the Bangko Sentral ng Pilipinas said yesterday......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

LANDBANK Lends P1.89-B to OFWs for Business Ventures

As part of its continuing support to Overseas Filipino Workers (OFWs), the Land Bank of the Philippines (LANDBANK) has approved loans worth P1.89 billion for 1,297 borrowers under the OFW Reintegration Program (OFW-RP) since its launch in May 2011. Of this amount, P1.84 billion has been released as of the end of May 2021. Jointly […].....»»

Category: sportsSource:  abscbnRelated NewsJul 13th, 2021

Pag-IBIG housing loans more than double in H1

Despite the pandemic, Pag-IBIG Fund achieved another record by releasing over P44 billion in home loans in the first half of 2021, its top officials said......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2021

Agri-agra loans post 2-digit growth in Q1

Loans extended by domestic banks for agriculture and agrarian reform recorded a double-digit growth of 10 percent to P765.92 billion in the first quarter from P696.35 billion in the same quarter last year, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsJun 29th, 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

Dollar reserves slip to $107 billion

The country’s dollar reserves slipped slightly to $107 billion in end-May from a three-month high of $108 billion in end-April as the national government spent more to bankroll its COVID-19 response measures and paid more foreign loans, the Bangko Sentral ng Pilipinas said yesterday......»»

Category: financeSource:  philstarRelated NewsJun 11th, 2021

Philippines gets P8.78 billion COVID-19 loan from Japan

The Philippines has formally received nearly P9 billion in loans from the Japanese government to be used in boosting the country’s COVID-19 response......»»

Category: financeSource:  philstarRelated NewsJun 8th, 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