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PHL banks continue to fall short of lending quota for MSMEs - BusinessWorld Online

Summary by bworldonline.com
By Luisa Maria Jacinta C. Jocson, Senior Reporter THE PHILIPPINE banking system continued to miss the mandated lending quota for micro, small and medium enterprises (MSMEs) as of end-December 2024, Bangko Sentral ng Pilipinas (BSP) data showed. Loans granted by the banking sector to MSMEs amounted to P546.22 billion at end-December, accounting for just 4.86% of their total loan portfolio of P11.25 trillion. This is well below the 10% overall req…

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PHL banks continue to fall short of lending quota for MSMEs - BusinessWorld Online

By Luisa Maria Jacinta C. Jocson, Senior Reporter THE PHILIPPINE banking system continued to miss the mandated lending quota for micro, small and medium enterprises (MSMEs) as of end-December 2024, Bangko Sentral ng Pilipinas (BSP) data showed. Loans granted by the banking sector to MSMEs amounted to P546.22 billion at end-December, accounting for just 4.86% of their total loan portfolio of P11.25 trillion. This is well below the 10% overall req…

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bworldonline.com broke the news in on Sunday, April 27, 2025.
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