Banks’ MSME lending still short

Banks’ MSME lending still short – BSP data

Apr 24, 2019 12:25 am

Banks are still not providing enough loans to micro, small and medium enterprises (MSME) sector, data from the Bangko Sentral ng Pilipinas (BSP) showed.

A total of P547.785 billion was set aside for lending last year, short of the P749.549 billion mandated under the Magna Carta for MSMEs.

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