Banks' MSME loans below required level

By Mayvelin U. Caraballo

Jul 04, 2022 12:11 am

BANK loans to micro, small and medium-sized firms (MSMEs) were still below the required level as of the end of March this year, the Bangko Sentral ng Pilipinas (BSP) reported.

The 'Magna Carta for MSMEs,' also known as Republic Act 6977, called for P875.56 billion in funding for MSMEs throughout the time, but only P446.98 billion was allocated for that purpose, according to the most recent data from the central bank.

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